NOT LISTED FOR SALE

11003 N 15th Ave Unit 5,6,7,8 Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $422,610 - $690,000

2 Beds
4 Baths
621 Sq Ft
$903/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $205,000 $330 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $3,163/month

133 Days on Market

Highlights

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

About This Home

As of December 2016

This is a SWEET Sunnyslope DEAL! What an incredible opportunity to get a cashflowing, multi-unit investment that has been COMPLETELY UPDATED. All redone including: Roof, full remodel of each kitchen and bath including granite countertops & appliances! All units have tile floors throughout, new doors & security door, new lights, new windows,new main water feedline, & new laundry room. All individual central HVAC & are separately metered electric. One brand new HVAC unit too. Easy maintenance landscaping with drip system. Extra storage area for each unit. Sitting on a HUGE corner lot surrounded by mountain views & single family. Potential RENTAL UPSIDE!This must be sold with 4plex next door MLS 5474329. NO SHOWINGS WITHOUT AN ACCEPTED CONTRACT! DO NOT WALK THE GROUNDS OR DISTURB THE TENANT

Last Agent to Sell the Property

Jeanne Mohammadian

DPR Realty LLC License #SA561471000 Listed on: 07/22/2016

Last Buyer's Agent

Andrew Tate

Keller Williams Arizona Realty License #BR038343000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1963

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Mountain View Elementary School
  • Sunnyslope Elementary Middle School
  • Sunnyslope High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 11003
  • Assessor Parcel Number 159-10-020-H

Community Details

Overview

  • 4 Units
  • Building Dimensions are 13199
  • Desert Cove Subdivision

Building Details

  • Operating Expense $5,340
  • Gross Income $25,200
  • Net Operating Income $19,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,100

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Desert Cove
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2016
  • Directions: From Peoria, go north on 15th Ave, property on east side on the orner of Desert Cove & 15th Ave NO SHOWINGS WITHOUT AN ACCEPTED CONTRACT! DO NOT WALK THE GROUNDS OR DISTURB THE TENANTS!
  • Road Surface Type: Asphalt
  • Subdivision Name: Desert Cove
  • Tax Parcel Letter: H
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: 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:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Annual Fuel Expense: 300.0
  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Mountain View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Sunnyslope Elementary School

Lot Info

  • Lot Size: 13199
  • Additional Parcels: No
  • Parcel #: 159-10-020-H

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 300.0
  • Annual Gross Income: 25200.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 19941.0
  • Annual Operating Expense: 5340.0

Tax Info

  • Tax Annual Amount: 1100.0
  • Tax Book Number: 159.00
  • Tax Lot: 11003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Dec 12, 2016
Sold by
Laymans Service Co Llc
Bought by
Better Place Investments Llc
Seller's Agent
Jeanne Mohammadian
DPR Realty LLC
Buyer's Agent
Andrew Tate
Keller Williams Arizona Realty
List Price
$240,000
Sold Price
$205,000
Premium/Discount to List
-$35,000
-14.58%
Current Estimated Value
$560,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,653
Avg. Annual Appreciation
12.48%

Purchase Details

Closed on
Sep 28, 2009
Sold by
Federal National Mortgage Association
Bought by
Wachovia Mortgage Corporation

Purchase Details

Closed on
Sep 22, 2009
Sold by
Wachovia Mortgage Corporation
Bought by
Laymans Service Co Llc

Purchase Details

Closed on
Jul 6, 2009
Sold by
Juarez Moises G
Bought by
Wachovia Mortgage Corporation

Purchase Details

Closed on
Feb 11, 2009
Sold by
Juarez Moises G
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 27, 2005
Sold by
Phoenix Apartments Llc
Bought by
Juarez Moises G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 21, 2002
Sold by
Walter John A and Walter Candie Kay
Bought by
Leavitt Lamont

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 1998
Sold by
Carpenter Marshall M and Carpenter Mary W
Bought by
Walter Ii John A and Walter Candie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 3, 1996
Sold by
Carpenter Marshall M and Carpenter Mary W
Bought by
Carpenter Marshall M and Carpenter Mary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
8.75%
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
Better Place Investments Llc $205,000 Chicago Title Agency Inc
Wachovia Mortgage Corporation -- First American Title Ins Co
Laymans Service Co Llc $61,900 First American Title Ins Co
Wachovia Mortgage Corporation $66,750 None Available
Federal National Mortgage Association $187,066 None Available
Juarez Moises G $183,000 Security Title Agency Inc
Phoenix Apartment Llc -- Security Title Agency Inc
Leavitt Lamont $140,000 Security Title Agency
Walter Ii John A $97,500 Fidelity Title
Carpenter Marshall M -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Juarez Moises G $220,000
Previous Owner Juarez Moises G $210,000
Previous Owner Juarez Moises G $126,000
Previous Owner Leavitt Lamont $126,000
Previous Owner Walter Ii John A $78,000
Previous Owner Carpenter Marshall M $59,500
Closed Walter Ii John A $9,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $205,000 -14.6% $330 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
11/14/2016 11/14/16 For Sale $240,000 0.0% $386 / Sq Ft
11/14/2016 11/14/16 Price Changed $240,000 +17.1% $386 / Sq Ft
07/25/2016 07/25/16 Off Market $205,000 -- --
07/22/2016 07/22/16 For Sale $230,000 -- $370 / 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 $1,294 $10,579 -- --
2024 $1,270 $10,075 -- --
2023 $1,270 $45,780 $9,150 $36,630
2022 $1,190 $32,070 $6,410 $25,660
2021 $1,208 $26,600 $5,320 $21,280
2020 $1,178 $21,400 $4,280 $17,120
2019 $1,156 $18,210 $3,640 $14,570
2018 $1,125 $13,670 $2,730 $10,940
2017 $1,120 $12,370 $2,470 $9,900
2016 $1,100 $11,780 $2,350 $9,430
2015 $1,019 $10,100 $2,020 $8,080
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jeanne Mohammadian

    DPR Realty

    Section Image
  • Andrew Tate

    Buyer's Agent in 2016

    Andrew Tate

    Keller Williams Arizona Realty

    (480) 203-7498

    11 Total Sales

    Andrew Tate
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5474313

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-10-020H

Arizona Maricopa County Phoenix 85029 North Mountain Village

11003 N 15th Ave Unit 5,6,7,8, Phoenix, AZ

This home is located at 11003 N 15th Ave Unit 5,6,7,8, Phoenix, AZ 85029 since 22 July 2016 and is currently estimated at $560,653, approximately $902 per square foot. This property was built in 1963. 11003 N 15th Ave Unit 5,6,7,8 is a home located in Maricopa County with nearby schools including Mountain View Elementary School, Sunnyslope High School, and Vista College Prep- Metro North.

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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