NOT LISTED FOR SALE

1232 E Mountain View Rd Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $473,860 - $600,000

-- Bed
2 Baths
766 Sq Ft
$709/Sq Ft Est. Value

Last Sold January 21, 2014

Last sale price $120,000 $157 Per Sq Ft

Est. 353% increase in value since last sale

Current estimated payment $3,148/month

29 Days on Market

Highlights

  • Wood Flooring
  • Sunnyslope High School Rated A
  • Central Heating and Cooling System

About This Home

As of January 2014

NOT A SHORT SALE AND NOT AN REO. Quick response from a private seller. This remodeled steel studs construction (no termite issues ever), turnkey duplex features large over 1,100 sq.ft. units that feel very spacious. It includes roomy living rooms, attractive bathrooms, upper unit has two full bathrooms. This property is projected to generate total rents of $15,960 per year adjusted gross income. Then after projected expenses of $2,478 the net operating income is $13,482 per year. This is a 10.5% CAP Rate (very attractive number for investors). Should take 9.5 years to pay it self, plus property appreciates each day.

Last Listed By

Alex Kalaj

HomeSmart License #SA635785000 Listed on: 11/10/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $369

Year Built

  • Built in 1986

Lot Details

  • 8,320

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

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

Schools

  • Washington Elementary School - Phoenix
  • Glendale High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 30
  • Assessor Parcel Number 159-30-034

Community Details

Overview

  • 2 Units
  • Building Dimensions are 8,313 Sq. Ft.

Building Details

  • Operating Expense $2,478
  • Gross Income $15,960
  • Net Operating Income $13,482

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$369

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK RD. AND MOUNTAIN VIEW RD.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2013
  • Directions: From Peoria Ave. and Cave Creek Rd. Head south on Cave Creek Rd. to Mountain View Rd.left to property on north side of Mountain View Rd.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Metal
  • Roof: Composition
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • 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:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 648.0
  • Annual Water Sewer Expense: 672.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 8,313 Sq. Ft.
  • Additional Parcels: No
  • Parcel #: 159-30-034

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 15960.0
  • Insurance Expense: 489.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 13482.0
  • Annual Operating Expense: 2478.08

Tax Info

  • Tax Annual Amount: 369.08
  • Tax Book Number: 159.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Gallegos Donald J and Gallegos Nina R
Bought by
J Venture 04 Llc
Total Days on Market
29
Current Estimated Value
$543,465

Purchase Details

Listed on
Nov 10, 2013
Closed on
Jan 17, 2014
Sold by
Kalaj Management Llc
Bought by
Gallegos Donald J and Gallegos Nina R
Seller's Agent
Alex Kalaj
HomeSmart
Buyer's Agent
Courtney Dunlap
Meka Realty
List Price
$127,500
Sold Price
$120,000
Premium/Discount to List
-$7,500
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.18%
Original Mortgage
$96,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 19, 2010
Sold by
Kalaj Lek
Bought by
Kalas Management Llc

Purchase Details

Closed on
Jan 28, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Kalaj Lek

Purchase Details

Closed on
Sep 10, 2008
Sold by
Zarsoza Dante and Zarzosa Dante R
Bought by
Hsbc Bank Usa Na and Naac Mortgage Pass Through Certificates

Purchase Details

Closed on
Oct 19, 2006
Sold by
Agundez Luz
Bought by
Zarsoza Dante and Zarzosa Dante

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 1, 2005
Sold by
Geiger Alan and Geiger Mevelyn
Bought by
Zarsoza Danta R and Agundez Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2003
Sold by
Beliak Jacob S and Beliak Mary Jane
Bought by
Geiger Alan and Geiger Mevelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 1996
Sold by
Beliak Jacob S and Beliak Mary Jane
Bought by
Beliak Jacob S and Beliak Mary Jane

Purchase Details

Closed on
Feb 14, 1995
Sold by
Kirgan Donald L and Kirgan Rosemae
Bought by
Kirgan Donald L and Kirgan Rosemae

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
J Venture 04 Llc -- None Listed On Document
Gallegos Donald J $120,000 Driggs Title Agency Inc
Kalas Management Llc -- None Available
Kalaj Lek $29,900 Great American Title Agency
Hsbc Bank Usa Na $164,589 Great American Title Agency
Zarsoza Dante -- Ticor Title Agency Of Az Inc
Zarsoza Danta R $164,000 First American Title Ins Co
Geiger Alan $103,000 Arizona Title Agency Inc
Beliak Jacob S -- --
Kirgan Donald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallegos Donald J $147,000
Previous Owner Gallegos Donald J $96,000
Previous Owner Zarsoza Dante $40,000
Previous Owner Zarsoza Dante $150,000
Previous Owner Zarsoza Danta R $114,800
Previous Owner Geiger Alan $82,400
Closed Geiger Alan $15,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2014 01/21/14 Sold $120,000 -5.9% $157 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
11/10/2013 11/10/13 For Sale $127,500 -- $166 / 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 $1,270 $10,385 -- --
2024 $1,247 $9,891 -- --
2023 $1,247 $36,400 $7,280 $29,120
2022 $1,206 $25,380 $5,070 $20,310
2021 $1,222 $21,430 $4,280 $17,150
2020 $1,191 $19,420 $3,880 $15,540
2019 $1,170 $17,160 $3,430 $13,730
2018 $1,139 $21,180 $4,230 $16,950
2017 $2,606 $21,550 $4,310 $17,240
2016 $387 $3,920 $780 $3,140
2015 $358 $3,450 $690 $2,760
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alex Kalaj

    HomeSmart

  • Courtney Dunlap

    Buyer's Agent in 2014

    Courtney Dunlap

    Meka Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5028549

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-30-034

Arizona Maricopa County Phoenix 85020 North Central

1232 E Mountain View Rd, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1232 E Mountain View Rd, Phoenix, AZ 85020 since 10 November 2013 and is currently estimated at $543,465, approximately $709 per square foot. This property was built in 1986. 1232 E Mountain View Rd is a home located in Maricopa County with nearby schools including Sunnyslope Elementary School, Sunnyslope High School, and Montessori Day Public Schools Chartered - Mountainside.

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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