3701 N Marshall Way, Scottsdale, AZ 85251 - MLS #5564000

images$3,950,000 images5 Beds

images5.5 Bath images6,602 sqft images2012

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Description

DOWNTOWN SCOTTSDALE- A very rare opportunity to purchase two adjacent parcels featuring a four-bed, four-bath CUSTOM HOME WITH SEPARATE GUEST HOUSE, on-site commercial restaurant and retail/office space. This stunning property has been featured in more than 40 publications including New York Times, Marie Claire and Esquire Magazine. PARCEL A is a new build completed in 2013 and includes a chef-driven restaurant and a fully furnished, custom four-bedroom (all en-suites) residence with chef’s gourmet kitchen with 10’ marble island, Ilve range, two sub-zero refrigerators, reclaimed wood floors, polished nickel fixtures, Victoria & Albert soaking tubs, Waterworks tile, 9’ walnut hand-made farm table, Kreiss & RH seating, stunning chandeliers, KingsDown mattresses and much, much more.

Supplements: With more than 2,900sf of exterior space, Parcel A features a one-of-a-kind 43' infinity, stainless steel lap pool, a chef's garden and a gas fireplace with antique Belgian brick and French fireback. Property includes a single car garage and three covered parking spaces. It currently operates as a 4-room boutique inn. The restuarant space is currently leased to a local chef and is one of the hottest restaurants in downtown Scottsdale, seating 30 inside and 70 for al fresco dining in the olive tree-shaded courtyard and new front patio. PARCEL B offers a guesthouse and three small retail/office spaces. Completely renovated in 2015, it features a 1,200sf loft apartment with wood and steel trusses, a steel staircase to a sleeping loft, French tile floors, a Bertazzoni range, custom bookshelves and a wood-burning stove. This apartment comes with its own private patios. Currently used as private residence. The retail/office spaces are approximately 525sf each, and could be home to retail boutiques (wine, flower and gifts, market items from restaurant, etc.) or private office space. Spaces are currently uses as office, fitness center and bike shop. Parcel includes three off-street parking spaces. Amazing opportunity to own your own live/work space with revenue-generating restaurant or continue to run as a successful boutique inn!

Property Features
Special Listing Cond: N/A
Add'l Property Use: Other
View: City Lights; Mountain(s)
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Fireplace Features: Fireplace Master Bdr; Exterior Fireplace
Flooring: Concrete; Wood
Window Features: Dual Pane; Low-Emissivity Windows; Vinyl Frame; Wood Frames
Private Pool Features: Heated; Lap
Spa: None
Community Features: Biking/Walking Path
Dining Area: Breakfast Bar; Dining in LR/GR
Kitchen Features: Gas Oven; Gas Range; Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Engy Star (See Rmks); Multiple Ovens; Non-laminate Counter; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Great Room; Guest Qtrs-Sep Entrn
Interior Features: Skylight(s); Vaulted Ceiling(s); 9+ Flat Ceilings; Fire Sprinkler System; No Interior Steps; Water Softener Owned; Water Purifier; Furnished(See Rmrks)
Technology: 3+ Exist Tele Lines; Pre-Wire Srnd Snd; Sat Dish Intrnt Lsd; High Speed Internet; Ntwrk Wrng Multi Rms
Exterior Features: Balcony; Patio; Separate Guest House; Storage; Other
Parking Features: Attch'd Gar Cabinets; Detached; Extended Length Garage; Garage Door Opener; Over Height Garage; RV Access/Parking
Construction: Wood Frame; Other
Const - Finish: Painted; Stucco
Roofing: Composition; Rolled
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat; Other; See Remarks
Heating: Electric
Plumbing: Engy Star Ht Wtr Htr; Gas Hot Water Heater; Propane Hot Wtr Htr
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Wrought Iron; Block; Wood
Property Description: North/South Exposure; Alley
Landscaping: Auto Timer H2O Front; Auto Timer H2O Back; None
Possession: By Agreement
Unit Style: Poolside; Courtyard Facing; Penthouse
Association Fee Incl: No Fees
Existing 1st Loan: Conventional
New Financing: Cash; Conventional
Disclosures: Seller Discl Avail
Contract Information
Sold Price: $3,950,000
Status: Closed
Current Price: $3,950,000
List Date: 2017-02-20
Type: Exclusive Right To Sell
Ownership: Fee Simple
Map Code/Grid: P37
House Number: 3701
Compass: N
Street Name: Marshall
St Suffix: Way
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
County Code: Maricopa
Assessor Number: 130-13-013-A
Subdivision: Ivy Court
Tax Year: 2016
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 5
Full Bathrooms: 5
Half Bathrooms: 1
Total Bathrooms: 5.5
Approx SQFT: 6602
Price/SqFt: 598.3
Horses: N
Builder Name: unknown
Year Built: 2012
Approx Lot SqFt: 12731
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: 3
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Tavan Elementary School
Jr. High School: Ingleside Middle School
High School: Arcadia High School
Remarks Misc
Cross Street: Goldwater and Marshall Way
Directions: North on Marshall Way to property
Geo Lat: 33.490685
Geo Lon: -111.927958
Status Change Info
Off Market Date: 2017-04-21
Under Contract Date: 2017-02-28
Close of Escrow Date: 2017-04-28
Sold Price: $3,950,000
Lot Number: 4
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 1
Carport Spaces: 3
Slab Parking Spaces: 3
Total Covered Spaces: 4
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $