by Daniel Benson | Belfiore Real Estate Consulting
On Thursday September 30th, Mattamy Homes successfully closed on an 8.6 acre parcel that has received preliminary plat approval from the Goodyear City Council. Mattamy received the preplat approval at the September 28, 2015 council meeting which will allow the builder to develop 48 – 45’x100’ duplex lots (click here to view the preliminary plat submittal). The transaction closed for $1,312,500 ($27,344 per lot / $608 per front foot) and was based upon the preliminary plat status of the lots (click here to view the affidavit). The seller in the transaction was Crown-Phoenix Palm Valley I LLC (Voyager Properties).
The parcel is located at the northeast corner of 146th Avenue and Camelback Road, within Belfiore’s North Goodyear Submarket. Mattamy is actively selling three different single family detached housing products in adjacent parcels which it also picked up from Voyager Properties back in June of 2013.
According to Mattamy, development is expected to begin in early 2016 with a sales opening date targeted for late 2016.