Jaye, Home Buyer in 85044

In looking for a house in Ahwatukee AZ - Old Town - Mt Park Ranch or Foothills?

Asked by Jaye, 85044 Fri Jun 27, 2008

I have come to find out there are actually 3 Ahwatukee's... In the real estate market, is there a division as to what will be the best location for resale in say 5 years? If I buy a house in the Old Town area will the house increase in value as much as say I purchased one in Mt Park Ranch?

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I live in Mountain Park Ranch and do not have a view but no one looks into my backyard either...I looked at houses in the foothills that had great views but I prefer MPR because of the family atmosphere and it is close to shopping and schools and it is also easy to get to other towns if you work out of Ahwatukee, it takes only 4 minutes or less to get to the highways...The HOA fee is worth it to have they keep on top of people to keep their yards clean and you have 3 pools,hot tub tennis cts etc all for only 24.00 a month!
0 votes Thank Flag Link Sun Feb 7, 2010
Hi Jaye,

My family and I moved to Ahwatukee in 1992 and have enjoyed the community so much. For me the different areas have something special to offer. We lived in a house on 44 st right by Western Star Park in what you are calling the Old Town. Loved walking to the park. The homes mostly single level. Mature trees and large backyards. Most of the homes are well kept and the area is much closer to Tempe,Chandler and Phoenix. I think that the area has great potential because the prices are lower. The area offers great Mountian views and the potential to update the homes. NO HOA fees (except for retirement area) but there are regulations which help keep the area well maintained.
Mountain Park Ranch is a great area with over 2000 homes. 3 community pools with play areas and tennis courts. Tile roof homes. HOA. I love the area because it has a more tropical look. ( I came from Florida) Closer to I10 access. Movie Theather, Shopping and restaurants. Large variety of homes, single level and two story.
The Foothills and Club West are the newer areas. The proposed freeway construction which by the way has been going on since the early 80's will affect parts of the area. The area offers a true desert environment. Close to South Mountain preserve and gives you an opportunity for hiking and other outdoor activities. It also takes longer to exit this part of town and get to Phoenix. It is a bedroom community with no main source of employment available in the inmediate area.

When it comes to finding your home I would suggest you take a look at your life style and decide which area suits your needs better. Find a home in a good location within that area. There a lots of good buys out there at the moment. Take good care of your home and when it comes time to sell you will be able to reap the benefits.

Please feel free to contct me if you would like more information.
0 votes Thank Flag Link Wed Aug 19, 2009
Did you know that a couple of years ago, Ahwatukee was listed as one of the best places to live in the United States by Money magazine? I'm a resident of Ahwatukee and it is indeed one of the best places I've lived in my life. It has everything. Shopping, restaurants, great schools, parks, golf courses, 15 minutes to the airport, etc.etc. There are a lot of people still coming to AZ so real estate will eventually go up again in value. Since Ahwatukee is one of the high demand areas, it will most likely be near the top in appreciation. It will be important for you to hook up with a realtor who understands Ahwatukee and its potential problem locations. The proposed freeway is one of them. As to your question, you might as well call it four distinct areas of Ahwatukee. You missed Club West. Most people like the newer built homes, but don't want to go past the road, Desert Foothills. They feel once you get past that road, you're getting too deep and it will take too long to just get out of Ahwatukee. We are starting to see signs of the Ahwatukee market starting to strengthen. I doubt Old Town will appreciate as much as some of the newer built homes. Old Town will be the first part of Ahwatukee to become the rental area which will typically keep prices from rising too fast. Will that happen in 5 years, who knows? I think your appreciation potential will be in the Foothills. Mt Park Ranch is starting to age a little as well and most of the houses will be in need of updating, etc. In any event, if you are in the market to buy in Ahwatukee, you are in a perfect time. I wouldn't wait too long though because interest have recently risen and are expected to be around 7% in 2009. 3 weeks ago they were at about 6%. Currently, they are at about 6.5%. Give me a call and I'll send you my newsletter on a monthly basis which will keep you up-to-date on prices.
Web Reference: http://www.TheMbaTeam.com
0 votes Thank Flag Link Sun Jun 29, 2008
If it is a choice between the Foothills or Mt. Park Ranch, it comes down to the house with the best views. I was recently in a home, a rather large one, with the most incredible reserve views I have seen in Ahwatukee. You may stumble across an equally beautiful home in the Foothills. It comes down to previewing as many homes as you can with your criteria. Both areas are wonderful.
As far as appreciation is concerned, have your agent do a spread sheet on past values and observe the trend of appreciation. No one has a crystal ball as far as appreciation is concerned but you can try to predict the trend.
Kindest Regards,
Catherine Kolodin, GRI
Catherine Kolodin, GRI
EcoBroker International
Realty Executives
0 votes Thank Flag Link Sat Jun 28, 2008
Hi Jay
I have lived and worked in this area for over 16 years. There are different areas in Ahwatukee, but pretty much the same type. The older part is around 48th St and Elliott. There is retirement living and homes as old as in the late 70's. There are also custom areas closer to the preserve over $$$3M mark.This is closer to freeway and city. Mt Park Ranch starts at 48th/Ray and goes up to about 28th Street. As you get higher and closer to the mountains(around 24th St/Chandler Blvd) it becomes The Foothills. That is the area where I used to live.You can still buy smaller homes starting at $250,000 in this market. The oldest home is built in the late 80's. Homes go into the millions with great mountain views. The area is surrounded by mountains and perserve. Very natural vegitation and 2 golf courses in the area too. Ahwatukee is in the Kyrene School District which is rated very high. Feel free to click on link below to find homes and info on Ahwatukee.
Web Reference: http://www.JudyBerg.com
0 votes Thank Flag Link Fri Jun 27, 2008
As a Realtor and resident in Ahwatukee, I have acquired a lot of knowledge on the area. There are many diverse housing options in Ahwatukee and many considerations for a home buyer to determine.

Your 1st consideration on where to live should be "what is my home budget?" Then, "what is my finance position"? Paying cash or acquiring mortgage loan? If a mortgage loan, how much are you qualified on a home loan? This will narrow the area that you can consider for your home purchase, as each Ahwatukee neighborhood offers different price points for homes. The next consideration is size of home, # bedrooms, # bathrooms, or amenities on your "wish list".

As for as resale value, consider location, for instance, the distance from proposed freeway. Also, older homes will need remodeling and updating, if not already done by current owner, so consider this factor in the cost for home when purchasing.

Hope this helps!
0 votes Thank Flag Link Fri Jun 27, 2008
Are you aware of the freeway proposal? I personally think the freeway will have the most significant impact on Ahwatukee property values if and when it is built. What does that mean to you the buyer? Be very careful of neighborhoods that may be impacted by the freeway. Every proposal I have seen shows the freeway on the south side of Ahwatukee, either using the Pecos road alignment or something south of that on the reservation.

Now, your questions on the other 3 general areas. I think the demand is generally higher for the newer architecture, more open etc that was used in mass starting about the mid 80’s. In Ahwatukee that would include the area in and around Mountain Park Ranch and also the Foothills. A majority of buyers I work with seem to like the newer designs, larger closets, master baths with separate showers and tubs etc and tile roofs. If possible find one of them that has had the cabinets updated to remove the white wash finish on the cabinets that are prevalent in Ahwatukee.

Ahwatukee is a great place to live, stay away from the freeway impact area, pick a newer home and enjoy it!!
Web Reference: http://www.McVinua.com
0 votes Thank Flag Link Fri Jun 27, 2008
There is a large selection of homes available in Ahwatukee. I have on many of times referred to Ahwatukee as the Worlds largest Cul-de-sac
In my opinion if your are gonna live in Ahwatukee it is all about the view, not the view your neighbors have looking into your backyard, however the scenic view that you have.

I just toured a great home on the Ahwatukee Golf Course, Located at Elliot / Warner about 1/2 a mile West of 10. Which is actually Phoenix. It is a great 4/2/2150 sq ft, close to expressways, with Mountain and Golf course views, for 325K

Your best return depends on how much you pay, Location, condition, Views.

0 votes Thank Flag Link Fri Jun 27, 2008
Mr.P, Other/Just Looking in Arizona
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