NOT LISTED FOR SALE

1215 E Mission Ln Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $363,000 - $530,000

6 Beds
-- Bath
1,850 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $365,000 $197 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,394/month

33 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 3-minute walk to Norton Park
  • Sunnyslope High School Rated A
  • No Heating

About This Home

As of November 2021

Massive opportunity awaits on this triplex project. All units are 2 beds/1 bath with possibility to expand further. Large lot and desirable location provide for huge value add opportunity or fix up and cash flow! Cash or Hard money only.

Last Agent to Sell the Property

Michael Sims

My Home Group Real Estate License #SA556278000 Listed on: 10/08/2021

My Home Group Real Estate

Last Buyer's Agent

Rachel Lopez

My Home Group Real Estate License #SA552513000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $918

Year Built

  • Built in 1954

Lot Details

  • 10,454

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • No Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 159-34-161-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10454

Building Details

  • Operating Expense $4,518
  • Gross Income $37,620
  • Net Operating Income $33,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$918

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Cave Creek/Hatcher
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R1-6]
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2021
  • Directions: From Cave Creek Rd, East on Hatcher to 12th St., South on 12th Street to Mission. East to property
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: 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
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise, Master Meter
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 10454
  • Additional Parcels: No
  • Parcel #: 159-34-161-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 37620.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 33100.0
  • Annual Operating Expense: 4518.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 918.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 11, 2021
Sold by
Sims Acquisition Company Llc
Bought by
Galpez Holdings Llc
Seller's Agent
Michael Sims
My Home Group Real Estate
Buyer's Agent
Rachel Lopez
My Home Group Real Estate
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%
Current Estimated Value
$427,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,947
Avg. Annual Appreciation
6.71%
Original Mortgage
$290,000
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2020
Sold by
Applegate Capital Llc
Bought by
Sims Acquisition Company Llc

Purchase Details

Closed on
Aug 30, 2000
Sold by
Olague David H
Bought by
Gasparro Antonio and Gasparro Anna

Purchase Details

Closed on
Nov 29, 1994
Sold by
Hostetler Jerry A and Hostetler Barbara J
Bought by
Olague David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,587
Interest Rate
9.25%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Galpez Holdings Llc $365,000 Navi Title Agency Pllc
Sims Acquisition Company Llc $200,000 Pioneer Title Agency Inc
Applegate Capital Llc $150,000 Pioneer Title Agency Inc
Gasparro Antonio $68,000 Arizona Title Agency Inc
Olague David H $50,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galpez Holdings Llc $202,000
Open Galpez Holdings Llc $330,000
Closed Galpez Holdings Llc $290,000
Previous Owner Olague David H $27,587
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $365,000 -3.7% $197 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $379,000 0.0% $205 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $379,000 0.0% $205 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $379,000 0.0% $205 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $379,000 -- $205 / 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 $954 $7,799 -- --
2024 $937 $7,428 -- --
2023 $937 $31,060 $6,210 $24,850
2022 $906 $22,120 $4,420 $17,700
2021 $918 $19,200 $3,840 $15,360
2020 $895 $16,820 $3,360 $13,460
2019 $878 $14,350 $2,870 $11,480
2018 $855 $10,760 $2,150 $8,610
2017 $851 $9,520 $1,900 $7,620
2016 $836 $8,920 $1,780 $7,140
2015 $774 $7,520 $1,500 $6,020
Source: Public Records

Agents Affiliated with this Home

  • Michael Sims

    Seller's Agent in 2021

    Michael Sims

    My Home Group

    (623) 466-3370

    1 in this area

    26 Total Sales

    Michael Sims
    Section Image

  • R

    Buyer's Agent in 2021

    Rachel Lopez

    My Home Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6304723

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-34-161B

Arizona Maricopa County Phoenix 85020 North Central

1215 E Mission Ln, Phoenix, AZ

This home is located at 1215 E Mission Ln, Phoenix, AZ 85020 since 08 October 2021 and is currently estimated at $427,947, approximately $231 per square foot. This property was built in 1954. 1215 E Mission Ln is a home located in Maricopa County with nearby schools including Desert View Elementary 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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