NOT LISTED FOR SALE

1322 W North Ln Unit 2 Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $515,000 - $544,000

-- Bed
2 Baths
775 Sq Ft
$688/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $445,000 $574 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,874/month

10 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of October 2021

This 1957 block-constructed single-level building has 2 two bedroom/one bath units. In excellent condition, both units were completely rehabbed. New appliances, fixtures, flooring, washer/dryer, covered patio and fenced in backyards, ETC. There is upside on the current rents. This is a great opportunity for an investor to purchase a stable, cash flowing, small apartment building in a great area. Tenants pay electric, water, sewer and trash.

Last Agent to Sell the Property

Terry Kass

Blue Saguaro Commercial Realty, LLC License #BR503783000 Listed on: 09/18/2021

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $556

Year Built

  • Built in 1957

Lot Details

  • 7,623

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Washington Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 158-27-041

Community Details

Overview

  • 2 Units
  • Building Dimensions are .17 acres
  • Romine Estates Lot 1 22 Subdivision

Building Details

  • Operating Expense $5,588
  • Gross Income $22,207
  • Net Operating Income $16,619

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$556

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Peoria Ave and 15th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2021
  • Directions: From 15th Avenue and Peoria, go south on 15th one block to North Lane, then east (left) to #1322
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1332.0
  • Subdivision Name: ROMINE ESTATES LOT 1-22
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Built-In Range, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

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

Lot Info

  • Lot Size: .17 acres
  • Additional Parcels: No
  • Parcel #: 158-27-041

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 22207.2
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 16619.0
  • Annual Operating Expense: 5588.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 556.0
  • Tax Book Number: 158.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2021
Closed on
Oct 26, 2021
Sold by
Tkmp Investments Llc
Bought by
Brewer Julie
Seller's Agent
Terry Kass
Blue Saguaro Commercial Realty, LLC
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$449,900
Sold Price
$445,000
Premium/Discount to List
-$4,900
-1.09%
Current Estimated Value
$532,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,923
Avg. Annual Appreciation
4.69%
Original Mortgage
$333,750
Outstanding Balance
$305,009
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$227,914

Purchase Details

Closed on
Feb 6, 2019
Sold by
Pkk Investments Llc
Bought by
Tkmp Investments Llc

Purchase Details

Closed on
May 11, 2011
Sold by
Wasta Llc
Bought by
Pkk Investments Llc

Purchase Details

Closed on
Dec 29, 2010
Sold by
Fannie Mae
Bought by
Wasta Llc

Purchase Details

Closed on
Sep 30, 2010
Sold by
Mahan Elvis
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 29, 2007
Sold by
Mine Llc
Bought by
Mahan Elvis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Waggoner Ronnie A and Waggoner Tina M
Bought by
Mine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2003
Sold by
Waggoner Ronnie A and Waggoner Tina
Bought by
Mine Llc

Purchase Details

Closed on
Oct 18, 1999
Sold by
Yuzuik Mark
Bought by
Waggoner Ronnie A and Waggoner Tina

Purchase Details

Closed on
Oct 15, 1999
Sold by
Garth Bonita J
Bought by
Yuzuik Mark
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
Brewer Julie $445,000 Empire West Title Agency Llc
Tkmp Investments Llc -- Pioneer Title Agency Inc
Pkk Investments Llc $68,707 Chicago Title
Wasta Llc $28,000 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $147,805 None Available
Mahan Elvis $180,000 Westland Title Agency Of Az
Mine Llc -- Westland Title Agency Of Az
Waggoner Ronnie A -- Westland Title Agency Of Az
Mine Llc -- --
Waggoner Ronnie A -- --
Yuzuik Mark $25,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brewer Julie $333,750
Previous Owner Mahan Elvis $144,000
Previous Owner Waggoner Ronnie A $71,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $445,000 -1.1% $574 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $449,900 -- $581 / 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 $577 $4,720 -- --
2024 $567 $4,496 -- --
2023 $567 $24,300 $4,860 $19,440
2022 $548 $17,230 $3,440 $13,790
2021 $556 $14,830 $2,960 $11,870
2020 $542 $12,920 $2,580 $10,340
2019 $532 $10,310 $2,060 $8,250
2018 $518 $7,780 $1,550 $6,230
2017 $515 $7,380 $1,470 $5,910
2016 $506 $6,760 $1,350 $5,410
2015 $468 $5,600 $1,120 $4,480
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Terry Kass

    Blue Saguaro Commercial Realty, LLC

  • Linda Gerchick

    Buyer's Agent in 2021

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    4 in this area

    119 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2021

    Linda CCIM

    Stephen Magee Int'l Properties

  • N

    Buyer Co-Listing Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6295536

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-27-041

Arizona Maricopa County Phoenix 85021 North Mountain Village

1322 W North Ln Unit 2, Phoenix, AZ

This home is located at 1322 W North Ln Unit 2, Phoenix, AZ 85021 since 18 September 2021 and is currently estimated at $532,923, approximately $687 per square foot. This property was built in 1957. 1322 W North Ln Unit 2 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

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