NOT LISTED FOR SALE

1220 W South Mountain Ave Phoenix, AZ 85041

South Mountain Neighborhood

Estimated Value: $513,828

6.36 Acres
$80,791 Price per Acre
277,042 Sq Ft Lot

Last Sold February 15, 2017

Last sale price $125,000

Est. 311% increase in value since last sale

Current estimated payment $2,751/month

210 Days on Market

Highlights

  • 6.36 Acre Lot
  • Mountain View
  • No HOA
  • Phoenix Coding Academy Rated A

About This Lot

As of February 2017

BANK OWNED. Rare opportunity for an urban farm, equestrian facility, nursery, custom home with acreage, or other unique use. A long, mesquite tree-lined driveway takes you into the expansive 6.3 acre parcel, with separation by the CAP canal from northern neighbors. Great views of South Mountain from the entry & Downtown Phoenix skyline to the north. City water & SRP electric appear to be near the property line. A large portion of the property has been cleared & leveled & is ready for farming. Property's irrigation rights per SRP are 11 acre-feet per year (9,823 gallons per day). SRP irrigation line is at South Mountain Ave. Deed restrictions in place - property cannot be split, no structure over 10,000 sq ft or more than 30' in height. Buyer to verify all material facts, utilities, etc.

Last Agent to Sell the Property

Gene Montemore

Compass License #SA531107000 Listed on: 06/27/2016

Compass

Last Buyer's Agent

Gene Montemore

Compass License #SA531107000 Listed on: 06/27/2016

Compass

Property Details

Property Type

  • Land

Lot Details

  • 6.36 Acre Lot
  • Chain Link Fence
  • Property is zoned R1-10

Additional Features

  • Mountain Views
  • North or South Exposure
  • Grandfathered Water Rights

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 300-48-003-F

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Cross Street: Baseline / 7th Ave
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R1-10
  • Tax Year: 2015
  • Directions: (S) on 7th Ave to South Mountain Ave. (W) to property on right.
  • Lot Size Acres: 6.36
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Agricultural, Recreational

Exterior Features

  • Fencing: Chain Link
  • Lot Features: See Remarks, Other, Mountain View(s), North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise, Wtr Rghts Grndfthrd

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 276838.0
  • Additional Parcels: No
  • Parcel #: 300-48-003-F
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3827.0
  • Tax Book Number: 300.00
  • Tax Lot: -
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2018
Sold by
Wasson Danny
Bought by
Depadisnel Llc
Current Estimated Value
$513,828

Purchase Details

Listed on
Jun 27, 2016
Closed on
Jan 24, 2017
Sold by
Bmo Harris Bank Na
Bought by
Wasson Danny
Seller's Agent
Gene Montemore
Compass
Buyer's Agent
Gene Montemore
Compass
List Price
$268,900
Sold Price
$125,000
Premium/Discount to List
-$143,900
-53.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.80%

Purchase Details

Closed on
May 25, 2016
Sold by
Gallegos Michael E and M & I Marshall & Ilsley Bank
Bought by
Bmo Harris Bank Na

Purchase Details

Closed on
Jul 12, 2005
Sold by
Sundlof Kenneth C
Bought by
Gallegos Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2004
Sold by
Scc Canyon Ii Llc
Bought by
Capital Pacific Holdings Llc

Purchase Details

Closed on
Sep 14, 2002
Sold by
Chew Matthew K and Stromberg Juliet C
Bought by
Sundlof Kenneth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
6.24%
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
Depadisnel Llc $280,000 First American Title Insuran
Wasson Danny $125,000 Security Title Agency
Bmo Harris Bank Na $277,272 None Available
Gallegos Michael E $530,000 --
Capital Pacific Holdings Llc $552,000 --
Sundlof Kenneth C $245,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallegos Michael E $520,000
Previous Owner Sundlof Kenneth C $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2017 02/15/17 Sold $125,000 -53.5% --
01/23/2017 01/23/17 Pending -- -- --
06/27/2016 06/27/16 For Sale $268,900 -- --
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 $323 $2,202 $2,202 --
2024 $314 $2,097 $2,097 --
2023 $314 $3,361 $3,361 $0
2022 $308 $3,163 $3,163 $0
2021 $314 $55,875 $55,875 $0
2020 $310 $2,842 $2,842 $0
2019 $300 $2,694 $2,694 $0
2018 $4,205 $42,330 $42,330 $0
2017 $4,007 $33,645 $33,645 $0
2016 $3,812 $34,755 $34,755 $0
2015 $3,827 $35,120 $35,120 $0
Source: Public Records

Agents Affiliated with this Home

  • Gene Montemore

    Seller's Agent in 2017

    Gene Montemore

    Compass

    (480) 529-4363

    79 Total Sales

    Gene Montemore
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5462902

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-48-003F

Arizona Maricopa County Phoenix 85041 South Mountain

1220 W South Mountain Ave, Phoenix, AZ

This home is located at 1220 W South Mountain Ave, Phoenix, AZ 85041 since 27 June 2016 and is currently estimated at $513,828. 1220 W South Mountain Ave is a home located in Maricopa County with nearby schools including Valley View School, Cesar Chavez High School, and Phoenix Coding Academy.

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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