NOT LISTED FOR SALE

11002 N 15th Ave Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $485,256 - $720,000

-- Bed
-- Bath
3,300 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $184,000 $56 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $3,553/month

5 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heat Pump System
  • Sunnyslope High School Rated A

About This Home

As of February 2013

GREAT INVESTMENT OPPORTUNITY. THIS 4 FLEX IS VERY LOW MAINTENANCE AND HAS BEEN WELL CARED FOR. IN 2011 THE ROOF AND A/C UNITS WERE REPLACED AND THE EXTERIOR WAS PAINTED. ALL UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. THERE IS ALSO A COIN OP WASHER AND DRYER FOR ADDITIONAL MONTHLY INCOME. CARPORT, STORAGE ROOMS, PRIVATE PATIOS AND BALCONY FOR EACH UNIT.

Last Agent to Sell the Property

Monica Thomas

HomeSmart License #SA113942000 Listed on: 01/20/2013

HomeSmart

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,067

Year Built

  • Built in 1983

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Washington Elementary School - Phoenix
  • Glendale High School

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 159-11-020-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9583

Building Details

  • Operating Expense $6,799
  • Gross Income $26,700
  • Net Operating Income $24,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,067

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 15TH AVE & PEORIA
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2011
  • Directions: FROM PEORIA GO NORTH ON 15TH AVE TO PROPERTY LOCATED ON THE NORTH EAST CORNER OF 15TH AVE AND DESERT COVE.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks, Tile, Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1572.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 9583
  • Additional Parcels: No
  • Parcel #: 159-11-020-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26700.0
  • Insurance Expense: 1330.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 24812.0
  • Annual Operating Expense: 6799.0

Tax Info

  • Tax Annual Amount: 1067.0
  • Tax Book Number: 159.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2013
Closed on
Feb 25, 2013
Sold by
Kudu Properties Llc
Bought by
Lasser Enterprises Llc
Seller's Agent
Monica Thomas
HomeSmart
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$189,000
Sold Price
$184,000
Premium/Discount to List
-$5,000
-2.65%
Current Estimated Value
$630,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,064
Avg. Annual Appreciation
10.18%

Purchase Details

Closed on
Mar 15, 2011
Sold by
Reiter Jeffrey and Reiter Babara
Bought by
Kudu Properties Llc

Purchase Details

Closed on
Aug 4, 2010
Sold by
First Sunride Group Llc
Bought by
Baltes David and Baltes Kathie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2010
Sold by
Baltes David and Baltes Kathie
Bought by
Reiter Jeffrey and Reiter Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2006
Sold by
Baltes David and Baltes Kathie
Bought by
First Sunride Group Llc

Purchase Details

Closed on
May 22, 2006
Sold by
Ladd Nelson S
Bought by
Baltes David and Baltes Kathie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
6.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 1998
Sold by
Ladd Nelson S
Bought by
Ladd Nelson S and The Nelson S Ladd Revocable Family Trust

Purchase Details

Closed on
May 27, 1994
Sold by
Ladd Apartments Ii Ltd
Bought by
Ladd Nelson S
Source: Public Records

Range of Values:

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Average Value
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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
Lasser Enterprises Llc $184,000 Magnus Title Agency
Kudu Properties Llc -- Accommodation
Baltes David -- Great American Title Agency
Reiter Jeffrey $100,000 Great American Title Agency
First Sunride Group Llc -- Chicago Title Insurance Co
Baltes David $369,900 Tsa Title Agency
Ladd Nelson S -- --
Ladd Nelson S $40,332 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiter Jeffrey $75,000
Previous Owner Baltes David $37,000
Previous Owner Baltes David $295,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $184,000 -2.6% $56 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/20/2013 01/20/13 For Sale $189,000 -- $57 / 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 $1,429 $11,684 -- --
2024 $1,403 $11,127 -- --
2023 $1,403 $50,150 $10,030 $40,120
2022 $1,357 $35,170 $7,030 $28,140
2021 $1,375 $28,780 $5,750 $23,030
2020 $1,340 $25,360 $5,070 $20,290
2019 $1,316 $22,270 $4,450 $17,820
2018 $1,282 $18,560 $3,710 $14,850
2017 $1,275 $16,130 $3,220 $12,910
2016 $1,252 $15,380 $3,070 $12,310
2015 $1,159 $12,980 $2,590 $10,390
Source: Public Records

Agents Affiliated with this Home

  • Monica Thomas

    Seller's Agent in 2013

    Monica Thomas

    HomeSmart

    (602) 550-5003

    10 Total Sales

    Monica Thomas
    Section Image
  • Rick Horst

    Buyer's Agent in 2013

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    3 in this area

    36 Total Sales

    Rick Horst
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4877923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-11-020B

Arizona Maricopa County Phoenix 85029 North Mountain Village

11002 N 15th Ave, Phoenix, AZ

This home is located at 11002 N 15th Ave, Phoenix, AZ 85029 since 20 January 2013 and is currently estimated at $630,064, approximately $190 per square foot. This property was built in 1983. 11002 N 15th Ave is a home located in Maricopa County with nearby schools including Shaw Butte School, Royal Palm Middle School, and Sunnyslope High School.

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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