Home Buying in Scottsdale>Question Details

Greg, Home Buyer in 98116

How do I find out the HOA and PAD fees for a condo in The Edge or Venu in Grayhawk?

Asked by Greg, 98116 Fri Mar 27, 2009

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6
Hi Greg,
It looks like several people have already given you the correct phone numbers to call about the Edge and Venu. We are Grayhawk condo experts so I thought I'd offer you a little more information about those communities if you are considering purchasing (which it sounds like you are).

Both the Edge and Venu were built as apartments and later converted to condos. The interior quality of the units vary considerably whether they have been upgraded or not. Many of the units on the market today are great deals but do need some work. Many units have the original carpet and appliances from 10 years ago. Others have been renovated by the previous owner.

It is very important when purchasing a condo at either location that you get adequate parking with the unit. There is no guest parking at either complex. When the units were sold as condos most came with only one parking spot or single garage. The buyer had to buy additional parking spots if necessary. I have seen many 3 bedroom condos for sale with only a single parking spot. This is a big red flag if you have two cars. The only place for your second vehicle would be on 76th street! Make sure you get deeded parking spots. We check this out for all of our clients.

If you are financing your purchase, it is good to know in advance that these communities do not qualify for FHA financing. The reserve funds are too low. According to FHA the reserve fund should be $120,000 and it is currently $55,000. They just spent a portion of their reserve to upgrade the pools so it is too low now to get FHA mortgage. Most conventional mortgage companies will allow financing.

Visit our website http://www.GrayhawkCondosOnline.com for more information about The Edge at Grayhawk or Venu at Grayhawk.
3 votes Thank Flag Link Wed Apr 1, 2009
Hi Greg
Do call the numbers below to confirm. Just looking at some of the property for sale it does show a variance from HOA @ 170-243/mo and PAD fee from $215/mo to 215/quarter. Even when we see these on the listings we do call direct to confirm the information.

I like what Randy says as it looks like you are taking a role of self serve and there are great opportunities here to have someone do the work on your behalf. As a buyers agent we'll save you a lot of time.

Call on a couple of us and conduct an interview. Make a choice and reach your goal quicker and smoothly.

Your Choice Matters...Make it Great.

We are here to help and would enjoy the opportunity to help/earn your business.
2 votes Thank Flag Link Fri Mar 27, 2009
Here are the reference numbers where you can find the info:

Grayhawk Master Association
8623 East Thompson Peak Parkway
Scottsdale, AZ 85255
Phone: 480-502-1547
Website: http://www.grayhawk.com

Grayhawk Community Management
Capital Consultants Management Corporation
8360 E Via de Ventura, Ste L-100
Scottsdale, AZ 85258
Phone: 480-921-7500
FAX: 480-921-7564
Website: http://www.ccmcnet.com

Grayhawk - Crown Point - HOA Website
Website: http://www.grayhawkcommunity.org

Grayhawk - Retreat - HOA Website
Website: http://www.grayhawkcommunity.org

Scottsale Repo Homes - Free List with pictures
updated daily! http://www.ScottsdaleAZRepos.com
Web Reference: http://www.TheKeysTeam.com
2 votes Thank Flag Link Fri Mar 27, 2009
Hey Greg,

These guys gave you good, direct contact points for the HOA, which is something that we would normally do FOR our clients. If you are not already working with an experienced, service-oriented Buyer's Broker Realtor assist you, research for you, help you in your research of prospective properties, and otherwise assisting and representing your interests exclusively, may I suggest that you give it some serious consideration? The listing agents represent the sellers. Wisdom and prudence would suggest that you have your own representation. Make sense?

All the best to you!

...randy

Randy Hooker
Buyer's Broker
1 vote Thank Flag Link Fri Mar 27, 2009
You can contact:

Eagle Property Mgt
602-224-7000

If I recall correctly, it's right around $285/month, total.
Web Reference: http://www.teambelt.com
1 vote Thank Flag Link Fri Mar 27, 2009
Hi Greg. You can call Eagle Property Management at 480-659-6400 as it will depend on the size of the condo. Feel free to email me at lori.bonnell@cox.net for more information or help!
1 vote Thank Flag Link Fri Mar 27, 2009
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