10035 N 11th Ave Phoenix, AZ 85021
North Mountain Village Neighborhood
--
Bed
--
Bath
1,624
Sq Ft
0.53
Acres
Highlights
- Cooling Available
- Community Playground
- Concrete Flooring
- Sunnyslope High School Rated A
- Ceiling Fan
- Heat Pump System
About This Home
As of September 2017Located in a gentrifying Central Phoenix neighborhood, the single-story, 8-unit property was built in 1964 of solid block construction. The unit mix consists of 88% two-bedroom units and 12% three-bedroom units averaging 834 square feet. The 8 units are all individually metered for electricity and the property has pitched composition shingle roofs. Situated on approximately 0.525 acres, 11th Aveneue Apartments is landscaped with a low-water desert landscaping. This low maintenance asset provides a terrific ease of management opportunity for an out-of-state investor. Click for more information. 11th Aveneue Apartments has great views of North Mountain and is just minutes from the preserve which offers 20 miles of hiking. The nearby Metrocenter Mall (Dillard's and Macy's anchored) offers tenants a variety of shopping and employment options. Just to the north of the property is Moon Mountain Elementary School and Thunderbird High School. Approximately two miles southwest of the property is a Phoenix Metro Light Rail station.
The North Phoenix submarket has had rental increases of more than 6.67% over the last year and we see room for continued growth as the average occupancy currently sits over 96%. Phoenix is projected to lead the west in employment and population growth for 2017. The property has convenient access to the Interstate-17, the Arizona State Route 101, and the State Route 51.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,632
Year Built
- Built in 1964
Home Design
- Brick Exterior Construction
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Concrete Flooring
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Schools
- Washington Elementary School - Phoenix
- Glendale High Middle School
- Glendale High School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 8
- Assessor Parcel Number 158-29-023
Community Details
Overview
- 4 Buildings
- 8 Units
- Building Dimensions are IRR
- Ironwood Place Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $1,632
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 19, 2024
Sold by
Azip 11 Ave Llc
Bought by
11Auto Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,783,000
Outstanding Balance
$2,676,455
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$1,786,235
Purchase Details
Closed on
Jun 26, 2019
Sold by
Saal Andrea
Bought by
Azip 11Th Ave Llc
Purchase Details
Listed on
Jul 13, 2017
Closed on
Sep 7, 2017
Sold by
11Th Avenue Apartments Llc
Bought by
Saal Andrea
Seller's Agent
Ryan Smith
ZENDOOR
Buyer's Agent
Stacy Fitzgerald
BLD Real Estate
List Price
$520,000
Sold Price
$510,000
Premium/Discount to List
-$10,000
-1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$357,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 23, 2015
Closed on
May 2, 2016
Sold by
Mangu Florica
Bought by
11Th Avenue Apartments Llc
Seller's Agent
Bianca Bennett
Prestige Realty
Buyer's Agent
Bianca Bennett
Prestige Realty
List Price
$649,999
Sold Price
$410,000
Premium/Discount to List
-$239,999
-36.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.00%
Original Mortgage
$307,500
Interest Rate
3.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 17, 2014
Sold by
Zamfir Florica
Bought by
Mangu Dimitru
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.4%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Apr 30, 2001
Sold by
Rismoen Jeanette L
Bought by
Mangu Dumitru and Mangu Suzanne R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
6.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 2, 2000
Sold by
Hays James C
Bought by
Rismoen Jeanette L and Rismoen Daniel Eric
Purchase Details
Closed on
Jul 31, 1995
Sold by
Handzel James M and Handzel Sharon C
Bought by
Hays James C and Hays Kathleen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,131
Interest Rate
7.61%
Mortgage Type
Seller Take Back
Similar Homes in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Stewart Title & Trust Of Phoen | |
| Special Warranty Deed | -- | Stewart Title & Trust Of Phoen | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $510,000 | Empire West Title Agency Llc | |
| Special Warranty Deed | $410,000 | Thomas Title & Escrow | |
| Interfamily Deed Transfer | -- | Fidelity National Title Agen | |
| Warranty Deed | $278,000 | First American Title | |
| Interfamily Deed Transfer | -- | Ati Title Agency | |
| Warranty Deed | $207,500 | Ati Title Agency | |
| Joint Tenancy Deed | $182,000 | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,783,000 | New Conventional | |
| Closed | $2,783,000 | New Conventional | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $357,000 | Commercial | |
| Previous Owner | $307,500 | Commercial | |
| Previous Owner | $45,000 | Stand Alone Second | |
| Previous Owner | $208,500 | New Conventional | |
| Previous Owner | $26,131 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2017 09/28/17 | Sold | $510,000 | -1.9% | $314 / Sq Ft |
| 07/18/2017 07/18/17 | Pending | -- | -- | -- |
| 07/10/2017 07/10/17 | For Sale | $520,000 | +26.8% | $320 / Sq Ft |
| 05/09/2016 05/09/16 | Sold | $410,000 | -36.9% | $252 / Sq Ft |
| 02/23/2016 02/23/16 | Pending | -- | -- | -- |
| 11/23/2015 11/23/15 | For Sale | $649,999 | -- | $400 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,863 | $15,235 | -- | -- |
| 2024 | $1,829 | $14,509 | -- | -- |
| 2023 | $1,829 | $78,230 | $15,640 | $62,590 |
| 2022 | $1,770 | $54,510 | $10,900 | $43,610 |
| 2021 | $1,793 | $46,300 | $9,260 | $37,040 |
| 2020 | $1,748 | $41,070 | $8,210 | $32,860 |
| 2019 | $1,716 | $33,760 | $6,750 | $27,010 |
| 2018 | $1,671 | $28,410 | $5,680 | $22,730 |
| 2017 | $1,663 | $23,350 | $4,670 | $18,680 |
| 2016 | $1,632 | $22,500 | $4,500 | $18,000 |
| 2015 | $1,512 | $19,530 | $3,900 | $15,630 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2017
Ryan Smith
ZENDOOR
(602) 566-7203
-
Buyer's Agent in 2017
Stacy Fitzgerald
BLD Real Estate
(623) 826-5729
1 in this area
11 Total Sales
-
Seller's Agent in 2016
Bianca Bennett
Prestige Realty
(480) 773-7400
11 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5632722
APN: 158-29-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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