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Monday, July 25, 2011

Digging Deep for Phoenix Area Basement Homes

They are not very prevalent in the valley, but they are there: You can find a basement home in the Phoenix area if you dig deep enough.  As of today, approximately 3% of the homes offered for sale in ARMLS include some type of basement.  My search produced a total of 20,725 active properties currently listed of which 683 of them feature a basement of some type. 

Clearly 3% isn’t a ton of homes to select from, but if you want one, it can be found.  With continual changes and upgrades to our search capabilities in ARMLS, local Realtors® can include in their buyers search criteria parameters for a basement.  These include: finished, unfinished, full, partial, and/or walk-out. 

In the Phoenix area, basement homes that came up in my search to day range for a 1,244 square foot, 2 bedroom, 2 bath home in Phoenix priced at $29,900 all the way up to a 15,619 square foot home with 7 bedrooms, 13 baths in Paradise Valley that has your name all over if for a mere $15,850,000 – and literally, there is something in between at nearly all price points.
Click here to view a significant sampling of Phoenix area homes that include basements that are currently on the market.

One of my favorite communities in Scottsdale that has a handful of properties that have basement homes is Madrid along the Frank Lloyd Wright corridor in the ever-popular 85260.  I’ve written about Madrid in the past and will likely post a spotlight on the subdivision again shortly. 

I mention it because I found a wonderful bank owned property in that community today that has not only a basement, but a casita as well! A hoarder’s dream comes true (or a delight for the space deprived)!  This home features 7 beds, 5 ½ baths in 5,391 square feet and is offered at $840,000 – view the full listing here.

So dust off those Midwest dreams you suppressed to the very back of your brain – hit the Christmas in July sales and stock up! You can have that basement to store all your worldly possessions once again!

Photo from Flickr courtesy of jcestnik

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