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ARIZONA REAL ESTATE & HOUSING NEWS

New single-family homes starting in the $400,000s for sale in north Phoenix

Thirty-five affordable homes are officially on the metro Phoenix. Homes at the new Phoenix infill community start in the $400,000 range.

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PHOENIX — Aspiring homeowners can now apply to buy one of 35 homes at a new Phoenix housing community, the brokers behind the project announced Friday.

The community near 12th Street and Bell Road, which is called Encanto at Bell Park, has floorplans that range from 1,323 to 1,912 square feet.

Prices for the homes start in the $400,000s. The residences come in a variety of colors, including yellow and light blue.

Home shoppers can call the sales team directly at 602-330-3148 or fill out a contact form online.

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More details about new Phoenix housing community

The infill community is the result of a partnership between developers Encanto Living — which has built over 150 homes across the Valley since 2015 — and Tidestone Partners.

Keith Mishkin, the president and CEO of broker Cambridge Properties, said he’s looking forward to pairing potential buyers with these new homes.

“We are excited to partner once again with Encanto Living to provide new and existing [Arizona] residents the opportunity to buy attainable new single-family homes in the metro-Phoenix area,” Mishkin said in a Friday news release.

Those who buy homes in the community can secure a 4.99% interest rate on a 30-year fixed loan.

This is notable because many local housing experts have noted the role interest rates play in the Valley’s ongoing affordable housing shortage.

Serena O'Sullivan KTAR News Reporter and Editor

Serena O’Sullivan is a Phoenix-based news reporter and content editor for KTAR.com, where she covers local and national stories with a digital-first approach. Her reporting has appeared in major outlets including USA Today, Arizona Republic, Phoenix… Read more

Comments

11 Comments

G
gary6449 1 year ago

It's not even "plywood" - it's this "chipwood" stuff that more closely resembles a coarse cardboard !
It swells up and falls apart if it rains when the "house" is still under construction ..

T
TopCat Truths 1 year ago

If you didn’t elect Biden interest rate would be much less. You get what ya vote for.

OldGuyFromPhoenix
OldGuyFromPhoenix 1 year ago

$400,000 at 5% interest for a 1300 sq ft plywood house is what passes as "affordable housing"?