NOT LISTED FOR SALE

1224 E Mercer Ln Phoenix, AZ 85020

North Mountain Village Neighborhood

Estimated Value: $405,377 - $449,000

3 Beds
2 Baths
1,568 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $296,000 $189 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,361/month

12 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Central Air
  • Shadow Mountain High School Rated A-
  • Dual Vanity Sinks in Primary Bathroom
  • High Speed Internet

About This Home

As of July 2022

Great investor opportunity! 3 bed / 2 bath single level home in quiet, no HOA community of Palo Verde Hills. Bring some TLC to make this house a home. Probate situation. All content to convey w/ home & no repairs will be made. Located in the Paradise Valley school district w/ easy freeway access & tons of shopping & dining choices just minutes away. Easy to show, come take a look today!

Last Agent to Sell the Property

Jeannette Mackin

eXp Realty Brokerage Phone: 480-270-5782 License #SA681611000 Listed on: 06/15/2022

eXp Realty

Last Buyer's Agent

Martin Monge Kotake

Property Hub LLC License #SA672058000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $334

Year Built

  • Built in 1962

Lot Details

  • 6,147

Parking

  • 2 Carport Spaces

Home Design

  • Fixer Upper
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Schools

  • Larkspur Elementary School
  • Shea Middle School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 6,147 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Palo Verde Hills Subdivision

Listing and Financial Details

  • Tax Lot 323
  • Assessor Parcel Number 159-23-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$334

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek & Thunderbird
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1962
  • Tax Year: 2021
  • Directions: Head Southwest on Cave Creek. Right on Desert Cove Ave. Left on 12th St. Left on Mercer Ln. Home will be on the left.
  • Attribution Contact: 480-270-5782
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: PALO VERDE HILLS
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Pantry, 3/4 Bath Master Bdrm, Double Vanity, High Speed Internet, Laminate Counters
  • Living Area: 1568.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Elec: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Other
  • Lot Features: Dirt Back, Gravel/Stone Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Block
  • Patio And Porch Features: Covered Patio(s)
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Larkspur Elementary School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6147.0
  • Parcel #: 159-23-024
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 334.0
  • Tax Book Number: 159.00
  • Tax Lot: 323
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2024
Sold by
Rayman Investments Llc
Bought by
Rodriguez Melissa Felix
Current Estimated Value
$431,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$332,958
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$89,665

Purchase Details

Closed on
Jan 11, 2023
Sold by
Ea Properties Llc
Bought by
Rayman Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 11, 2022
Sold by
Aboud Diane Kristine and Aboud James
Bought by
Black Arrow Capital Llc
Seller's Agent
Jeannette Mackin
eXp Realty
Buyer's Agent
Martin Monge Kotake
Property Hub LLC
List Price
$325,000
Sold Price
$296,000
Premium/Discount to List
-$29,000
-8.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%
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
Rodriguez Melissa Felix $420,000 Driggs Title Agency
Rayman Investments Llc -- --
Black Arrow Capital Llc $296,000 American Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Melissa Felix $335,000
Previous Owner Rayman Investments Llc $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2022 07/13/22 Sold $296,000 -7.2% $189 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/24/2022 06/24/22 Price Changed $319,000 -1.8% $203 / Sq Ft
06/23/2022 06/23/22 For Sale $325,000 0.0% $207 / Sq Ft
06/19/2022 06/19/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $325,000 -- $207 / 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 $899 $9,031 -- --
2024 $880 $8,601 -- --
2023 $880 $27,630 $5,520 $22,110
2022 $342 $21,570 $4,310 $17,260
2021 $334 $19,030 $3,800 $15,230
2020 $310 $17,260 $3,450 $13,810
2019 $299 $14,100 $2,820 $11,280
2018 $276 $12,470 $2,490 $9,980
2017 $249 $11,080 $2,210 $8,870
2016 $231 $10,470 $2,090 $8,380
2015 $201 $9,450 $1,890 $7,560
Source: Public Records

Agents Affiliated with this Home

  • Jeannette Mackin

    Seller's Agent in 2022

    Jeannette Mackin

    eXp Realty

    (480) 759-4300

    1 in this area

    56 Total Sales

    Jeannette Mackin
    Section Image

  • M

    Buyer's Agent in 2022

    Martin Monge Kotake

    Property Hub LLC

    (480) 468-6445

    2 in this area

    84 Total Sales

    Martin Monge Kotake
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6417436

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-23-024

Arizona Maricopa County Phoenix 85020 North Mountain Village

1224 E Mercer Ln, Phoenix, AZ

This home is located at 1224 E Mercer Ln, Phoenix, AZ 85020 since 15 June 2022 and is currently estimated at $431,094, approximately $274 per square foot. This property was built in 1962. 1224 E Mercer Ln is a home located in Maricopa County with nearby schools including Larkspur Elementary School, Shea Middle School, and Shadow Mountain 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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