NOT LISTED FOR SALE

1316 W North Ln Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $262,000 - $542,000

-- Bed
3 Baths
672 Sq Ft
$627/Sq Ft Est. Value

Last Sold January 26, 2016

Last sale price $106,000 $158 Per Sq Ft

Est. 298% increase in value since last sale

Current estimated payment $2,434/month

69 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of January 2016

Income property opportunity. 3-Plex consisting 2 buildings, 1 with a 2 bedroom 1 bath apartment and another with 2 @ 2 bedroom 1 bath apartments. Lots of potential for the handyman type of buyer. Parking area with approx. 5 parking spaces. Each apartment is 672 square feet (approx.). Rents in the area range from $475-$550 for these types of units. This is a Fannie Mae Home Path property.

Last Agent to Sell the Property

Jerry A. Humphrey

Weichert, Realtors - Courtney Valleywide License #BR007018000 Listed on: 10/30/2015

Weichert, Realtors - Courtney Valleywide

Last Buyer's Agent

Rod Mohan

LPT Realty, LLC License #BR546279000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $651

Year Built

  • Built in 1986

Lot Details

  • 7,362

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

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

Utilities

  • Evaporated cooling system
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 158-27-040

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 7371
  • Romine Estates Lot 1 22 Subdivision

Building Details

  • Operating Expense $9,902
  • Gross Income $17,199
  • Net Operating Income $8,952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$651

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Peoria & 19th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Directions: East on Peoria to 15th Ave, south on 15th Ave to North, then turn East on North Lane to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1701.0
  • Subdivision Name: ROMINE ESTATES LOT 1-22
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood, Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Assigned, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 2850.0

Schools

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

Lot Info

  • Lot Size: 7371
  • Additional Parcels: No
  • Parcel #: 158-27-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 17199.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 8952.0
  • Annual Operating Expense: 9902.0
  • Vacancy Allowance Rate: 0.09

Tax Info

  • Tax Annual Amount: 651.0
  • Tax Book Number: 158.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2016
Sold by
Aguayo Ruben and Aguayo Naby
Bought by
Aguayo Ruben and Aguayo Naby
Total Days on Market
69
Current Estimated Value
$421,608

Purchase Details

Listed on
Oct 30, 2015
Closed on
Jan 20, 2016
Sold by
Fannie Mae
Bought by
Aguayo Ruben and Aguayo Naby
Seller's Agent
Jerry A. Humphrey
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Rod Mohan
LPT Realty, LLC
List Price
$125,900
Sold Price
$106,000
Premium/Discount to List
-$19,900
-15.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%

Purchase Details

Closed on
Oct 7, 2015
Sold by
Mahan Elvis J and Green Tree Servicing Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 2, 1995
Sold by
Moore John P and Moore Judith
Bought by
Mahan Elvis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,750
Interest Rate
8.86%
Mortgage Type
Commercial
Source: Public Records

Similar Homes in Phoenix, AZ

  • 10626 N 8th St, Phoenix, AZ 85020

    $497,000

    • 2 Beds
    • 2 Baths
    • 1,527 Sq Ft
    • 10626 N 8th St
    • Phoenix, AZ

    12' ceilings and beautiful architectural details including clerestory windows which give the space a lot of natural light. Both bedrooms are private suites. Low maintenance, mature landscaping, and very private back yard. A beautiful place you can make home. Home furnishings are available in a separate bill of sale. Stanning New wood plank flooring recently installed in living and dining rooms.

    Ronit Urman Urman

    Section Image
  • 913 E Beryl Ave, Phoenix, AZ 85020

    $335,000

    • 2 Beds
    • 2 Baths
    • 1,038 Sq Ft
    • 913 E Beryl Ave
    • Phoenix, AZ

    This property is centrally located in a quiet, well-maintained neighborhood governed by an HOA. Enjoy stunning mountain views and convenient access to excellent hiking trails right from your doorstep.The home features a recently updated primary bathroom and shower, along with a new water heater, HVAC unit and roof. Currently rented month to month, this presents a fantastic opportunity for a

    Jared English Congress Realty, Inc.

    Section Image
  • 11609 N 30th Ln, Phoenix, AZ 85029

    $324,000

    • 2 Beds
    • 2 Baths
    • 1,537 Sq Ft
    • 11609 N 30th Ln
    • Phoenix, AZ

    Seller may consider buyer concessions if made in an offer. Check out this stunner! This home has Fresh Interior Paint, Partial flooring replacement in some areas, New Appliances. A fireplace and a soft neutral color palette create a solid blank canvas for the living area. Relax in your primary suite with a walk in closet included. The primary bathroom features plenty of under sink storage

    Tara Jones Opendoor Brokerage, LLC

    Section Image
  • 609 E Royal Palm Square S, Phoenix, AZ 85020

    $474,900

    • 2 Beds
    • 2 Baths
    • 1,439 Sq Ft
    • 609 E Royal Palm Square S
    • Phoenix, AZ

    UNICORN ALERT! So rare, but they do exist! This fantastic patio home really clicks all the boxes! Tucked in the back of this superb neighborhood is this single level home with the Goldilocks sized backyard! Pull into the 2 car carport and you will see why this one is special. 2 good size bedrooms, 2 full baths, updated modern kitchen, plenty of natural light and it just feels open and inviting.

    Nicholas Yale Brokers Hub Realty, LLC

    Section Image
  • 1017 E Maryland Ave Unit 236, Phoenix, AZ 85014

    $335,000

    • 2 Beds
    • 2 Baths
    • 1,008 Sq Ft
    • 1017 E Maryland Ave
    • Unit 236
    • Phoenix, AZ

    Welcome to 1017 E Maryland Ave #236 - a refreshed 2-bed, 2-bath condo nestled in a well-kept Phoenix community. This upstairs unit has been thoughtfully updated by its new investor-owner, blending style with everyday comfort.The kitchen now features warm butcher block countertops and a fun, eye-catching backsplash that adds personality to the space. Vaulted ceilings and a cozy fireplace create a

    Saro Hagobian Barrett Real Estate

    Section Image
  • 6103 N 13th St, Phoenix, AZ 85014

    $440,000

    • 2 Beds
    • 2 Baths
    • 1,819 Sq Ft
    • 6103 N 13th St
    • Phoenix, AZ

    Come see the large open floorplan this 2 bed, 2 bath patio home boasts in the beautiful Villa De Las Rosas subdivision. Home features newer cabinetry and countertops throughout. Your new home Showcases a stunning mid-century modern fireplace that highlights the charm of its early 1970s build. One of only four units in the community with a private patio. Enjoy the convenience of a two-car garage,

    Eric Fox Keller Williams Realty Sonoran Living

    Section Image
  • 33 W Missouri Ave Unit 10, Phoenix, AZ 85013

    $440,000

    • 2 Beds
    • 2 Baths
    • 1,595 Sq Ft
    • 33 W Missouri Ave
    • Unit 10
    • Phoenix, AZ

    A rare find in the North Central Corridor, this charming single-level townhome puts you close to everything you love about Central Phoenix. With 2 bedrooms and 2 bathrooms, the layout offers great flow, vaulted ceilings, and abundant natural light. The interior was repainted and new carpet installed in 2025, while a new AC unit (2024) ensures year-round comfort. Enjoy a spacious front courtyard

    Joshua Hill Compass

    Section Image
  • 5234 N 15th Dr, Phoenix, AZ 85015

    $328,000

    • 2 Beds
    • 2 Baths
    • 1,034 Sq Ft
    • 5234 N 15th Dr
    • Phoenix, AZ

    This two master bedroom patio home is spacious and designed for easy living. Nestled into a private community this patio home has vaulted ceilings and a small patio with complete privacy. Easy access to I-17 and the 51 your new patio home is private and quite lifestyle

    Mike Snitz Realty ONE Group

    Section Image
  • 927 E Charleston Ave Unit 927, Phoenix, AZ 85022

    $340,000

    • 2 Beds
    • 2 Baths
    • 1,214 Sq Ft
    • 927 E Charleston Ave
    • Unit 927
    • Phoenix, AZ

    Come check out this freshly painted 2-bedroom, 2-bathroom single-story home w/ 2 Car Garage, tucked away in the beautiful and peaceful Charleston Place Community. Vaulted ceilings greet you upon entry enhancing the spaciousness. Modern stylish design & abundant natural light creates a bright and inviting atmosphere throughout. Kitchen recently updated with flat top stove & gray painted cabinets

    Eric Swiatek RE/MAX Desert Showcase

    Section Image
See All Homes in Phoenix

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Aguayo Ruben -- None Available
Aguayo Ruben $106,000 Old Republic Title Agency
Federal National Mortgage Association $112,391 None Available
Mahan Elvis J $65,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mahan Elvis J $105,800
Previous Owner Mahan Elvis J $113,000
Previous Owner Mahan Elvis J $61,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2016 01/26/16 Sold $106,000 -15.8% $158 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
10/30/2015 10/30/15 For Sale $125,900 -- $187 / 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 $802 $6,559 -- --
2024 $788 $6,247 -- --
2023 $788 $32,120 $6,420 $25,700
2022 $762 $22,830 $4,560 $18,270
2021 $772 $19,380 $3,870 $15,510
2020 $752 $17,500 $3,500 $14,000
2019 $739 $14,310 $2,860 $11,450
2018 $720 $10,730 $2,140 $8,590
2017 $716 $10,330 $2,060 $8,270
2016 $703 $9,720 $1,940 $7,780
2015 $651 $8,000 $1,600 $6,400
Source: Public Records

Agents Affiliated with this Home

  • Jerry A. Humphrey

    Seller's Agent in 2016

    Jerry A. Humphrey

    Weichert, Realtors - Courtney Valleywide

    (480) 688-3888

    32 Total Sales

    Jerry A. Humphrey
    Section Image
  • Rod Mohan

    Buyer's Agent in 2016

    Rod Mohan

    LPT Realty, LLC

    (480) 398-6872

    1 in this area

    54 Total Sales

    Rod Mohan
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5357038

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-27-040

Arizona Maricopa County Phoenix 85021 North Mountain Village

1316 W North Ln, Phoenix, AZ

This home is located at 1316 W North Ln, Phoenix, AZ 85021 since 30 October 2015 and is currently estimated at $421,608, approximately $627 per square foot. This property was built in 1986. 1316 W North Ln 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

Nearby Homes