NOT LISTED FOR SALE

10403 N 15th Ave Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $578,648

8 Beds
-- Bath
2,550 Sq Ft
$227/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $411,777 $161 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,133/month

3 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2020

Invest in Phoenix One of the Fastest Growing Metro's in the United States. This Property Features a Very High Demand Rental Location. Lots of Upside Potential. Competitively Priced. Increase Rents with TLC. This Property Has Been Partially Updated in 2015/2016. Roof, Water Heaters, Electrical, Paint & Plumbing Take Advantage of the Low Interest Rate Environment. Invest Today ! All Facts and Figures Approximate Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 10/09/2020

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $962

Year Built

  • Built in 1981

Lot Details

  • 7,536

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Sunnyslope Elementary High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 104
  • Assessor Parcel Number 158-27-068-H

Community Details

Overview

  • 4 Units
  • Building Dimensions are unk

Building Details

  • Operating Expense $11,306
  • Gross Income $34,105
  • Net Operating Income $22,942

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$962

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 15 AVE & PEORIA
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • High School: Sunnyslope Elementary School

Lot Info

  • Lot Size: unk
  • Additional Parcels: No
  • Parcel #: 158-27-068-H

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 144.0
  • Annual Gross Income: 34105.2
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 22942.0
  • Annual Operating Expense: 11306.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 962.0
  • Tax Book Number: 158.00
  • Tax Lot: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Subramaniam Somasundaram and Somasundaram Meena
Bought by
Purple Lotus Realty Llc
Current Estimated Value
$578,648

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 4, 2020
Sold by
Mst North Th Ave Llc
Bought by
Subramaniam Somasundaram and Somasundaram Meena
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$399,900
Sold Price
$411,777
Premium/Discount to List
$11,877
2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$308,832
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2012
Closed on
Oct 19, 2012
Sold by
Petrisko William J
Bought by
Mst North 15Th Aenue Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Jon Dzwonkoski
Red Brick Realty, LLC
List Price
$139,900
Sold Price
$141,000
Premium/Discount to List
$1,100
0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.11%
Original Mortgage
$105,750
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2012
Closed on
Oct 1, 2012
Sold by
Wasta Llc
Bought by
Petrisko William J
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Jon Dzwonkoski
Red Brick Realty, LLC
List Price
$139,900
Sold Price
$141,000
Premium/Discount to List
$1,100
0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2012
Closed on
Mar 16, 2012
Sold by
Federal National Mortgage Association
Bought by
Wasta Llc
Seller's Agent
Bret Bowdish
Arizona Executives
Buyer's Agent
Bret Bowdish
Arizona Executives
List Price
$84,900
Sold Price
$75,000
Premium/Discount to List
-$9,900
-11.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
215.11%

Purchase Details

Closed on
May 11, 2010
Sold by
Partida Fernando
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 24, 2005
Sold by
Biastoch Loyd
Bought by
Partida Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Purple Lotus Realty Llc -- Wfg National Title Ins Co
Subramaniam Somasundaram $411,777 Wfg National Title Ins Co
Mst North 15Th Aenue Llc -- None Available
Petrisko William J $141,000 Chicago Title Agency Inc
Wasta Llc $75,000 Service Link
Federal National Mortgage Association $274,979 First American Title
Partida Fernando $325,000 Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Subramaniam Somasundaram $308,832
Previous Owner Petrisko William J $105,750
Previous Owner Partida Fernando $244,000
Closed Partida Fernando $30,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2020 11/13/20 Sold $411,777 +3.0% $161 / Sq Ft
10/09/2020 10/09/20 For Sale $399,900 +183.6% $157 / Sq Ft
10/03/2012 10/03/12 Sold $141,000 +0.8% $55 / Sq Ft View Prior Sale
08/17/2012 08/17/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $139,900 +86.5% $55 / Sq Ft
03/16/2012 03/16/12 Sold $75,000 -11.7% $29 / Sq Ft View Prior Sale
03/07/2012 03/07/12 Pending -- -- --
02/03/2012 02/03/12 For Sale $84,900 -- $33 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,066 $8,389 -- --
2024 $1,007 $7,990 -- --
2023 $1,007 $42,700 $8,540 $34,160
2022 $975 $29,610 $5,920 $23,690
2021 $987 $24,400 $4,880 $19,520
2020 $962 $21,620 $4,320 $17,300
2019 $945 $17,560 $3,510 $14,050
2018 $920 $13,080 $2,610 $10,470
2017 $915 $13,030 $2,600 $10,430
2016 $899 $12,280 $2,450 $9,830
2015 $832 $10,360 $2,070 $8,290
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2020

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    3 in this area

    60 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2020

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    3 in this area

    29 Total Sales

    Steven Cvetanovich
    Section Image
  • Luis Espinoza

    Buyer's Agent in 2020

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    3 in this area

    115 Total Sales

    Luis Espinoza
    Section Image
  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    1 in this area

    22 Total Sales

    Terry Kass
    Section Image

  • B

    Seller's Agent in 2012

    Bret Bowdish

    Arizona Executives

    (602) 290-9191

    3 in this area

    83 Total Sales

    Bret Bowdish
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Jon Dzwonkoski

    Red Brick Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6144437

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-27-068H

Arizona Maricopa County Phoenix 85021 North Mountain Village

10403 N 15th Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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