Residential Income Property with
For Sale
$624,500
7300 E EARLL Drive 2013, Scottsdale, AZ 85251
The 2018 residence pairs an island kitchen with a covered balcony accessed from the primary bedroom.
Property Size1,625 SF
Price / SF$384.31
Days on Market69
Property Features for 7300 E EARLL Drive 2013
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$2,321
Building Details
Building Size
1,625 SF
Year Built
2018
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
Sarah Gates · License #SA624690000
(480) 628-0642
Source:
Bvoluxury
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 1,625-square-foot condominium, built in 2018, has an open living area with wood-look flooring, contemporary light fixtures and a fireplace. The kitchen includes shaker-style cabinets, a tile backsplash, stainless steel appliances and an island. In the primary bedroom, a walk-in closet and ensuite with two sinks complement direct access to the covered balcony.
The property is in Old Town Scottsdale, within walking distance of Fashion Square, the Arizona Canal Trail, Scottsdale Stadium, the Entertainment District, restaurants and shops.
The property is in Old Town Scottsdale, within walking distance of Fashion Square, the Arizona Canal Trail, Scottsdale Stadium, the Entertainment District, restaurants and shops.
Key Highlights
- 1,625‑square‑foot condominium built in 2018
- Covered balcony with direct access from the primary bedroom
- Primary bedroom has a walk‑in closet and ensuite with double sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,802
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,040
$376.0K
Cap Rate 7%
$268,600
$268.6K
Cap Rate 9%
$208,911
$208.9K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$35.7K $21.96/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$34.2K $21.04/SF
− OpEx
−$15.4K −$9.47/SF
NOI
$18.8K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,040
Cap Rate 7%
$268,600
Cap Rate 9%
$208,911
Alternative Uses
Best Use
Apartment 5plus
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$533.4K
$466.8K – $622.4K
NOI $37,341 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,081
Businesses Nearby
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Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2018 residence pairs an island kitchen with a covered balcony accessed from the primary bedroom.
Where is this residential income property located?
The property is located at 7300 E EARLL Drive 2013 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: 1,625‑square‑foot condominium built in 2018; Covered balcony with direct access from the primary bedroom; Primary bedroom has a walk‑in closet and ensuite with double sinks
