NOT LISTED FOR SALE

1340 E Desert Cove Ave Phoenix, AZ 85020

North Mountain Village Neighborhood

Estimated Value: $536,162

-- Bed
3 Baths
2,855 Sq Ft
$188/Sq Ft Est. Value

Last Sold November 07, 2017

Last sale price $325,000 $114 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,039/month

137 Days on Market

Highlights

  • 1.04 Acre Lot
  • Ceramic Tile Flooring
  • Heating Available
  • Shadow Mountain High School Rated A-
  • Central Air

About This Home

As of November 2017

2,856 SF building, situated on just over an acre, and zoned R-8 (Residential with 8,000 SF minimum). Built in 1976, this property is in a transitional area in Phoenix experiencing some infill and redevelopment but with an industrial component. The most recent use was as a group home.CHAPTER 11 BANKRUPTCY TRUSTEE TO SELL PROPERTY***CURRENT OFFER $325,000 WILL BE SUBJECT TO HIGHEST AND BEST BID AT COURT HEARING TO APPROVE SALE***COURT DATE 10/26/2017 @ 11:00 A.M. @ US BANKRUPTCY COURT 230 N 1ST AVE PHX 85003 -COURTROOM 601 JUDGE PAUL SALA***TO BID MUST SUBMIT IN WRITING TO CO-LISTING AGENT ON OR BEFORE 5:00 P.M. THREE DAYS BEFORE THE HEARING AND SUBMIT CASH DEPOSIT OF $5,000 TO ESCROW AGENT*** BE AT THE COURTHOUSE @ 10:45 A.M. (15 min before hearing).

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 05/16/2017

Co-Listed By

Justin Cirell

R.O.I. Properties License #SA644392000

Last Buyer's Agent

Gary Schultz

HomeSmart License #SA664016000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,350

Year Built

  • Built in 1976

Lot Details

  • 1.04 Acre Lot
  • Block Wall Fence
  • Property is zoned R1-8

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shake Roof

Interior Spaces

  • 2,855 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 159-24-052-R

Community Details

Overview

  • Cactus Heights Lots 25 & 26 Blk 4 Subdivision

Building Details

  • Operating Expense $14
  • Net Operating Income $1

Property Details

Property Type

Other

Est. Annual Taxes

$2,350

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R1-8
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2016
  • Directions: Located just east of the Pointe Tapatio and just west of Cave Creek Road with easy access to SR 51
  • Lot Size Acres: 1.04
  • Professional Management Expense: 1.0
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: CACTUS HEIGHTS LOTS 25 & 26 BLK 4
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: R
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Ceramic Tile
  • Living Area: 2855.0

Exterior Features

  • Fencing: Other, See Remarks, Block
  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Other, Brick
  • Roof: Other, Shake
  • Construction:Other (See Remarks)23: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks

Fee Information

  • Annual Fuel Expense: 1.0
  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 1.0

Lot Info

  • Lot Size Sq Ft: 45346.0
  • Parcel #: 159-24-052-R

Multi Family

  • Electric Expense: 1.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Property Net Operating Income: 1.0
  • Annual Operating Expense: 14.0
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Book Number: 159.00
  • Tax Lot: 1
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2024
Sold by
Landin Joseph Glenn and Kelly Mary
Bought by
Jolly Holdings Llc
Current Estimated Value
$536,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$371,216
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$156,930

Purchase Details

Closed on
Jun 7, 2021
Sold by
H & S Enterprises Llc
Bought by
Glenn Landin Iii Joseph and Grace Landin Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
May 16, 2017
Closed on
Nov 6, 2017
Sold by
Tumbleweed Center For Youth Development
Bought by
H & S Enterprises Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Gary Schultz
HomeSmart
List Price
$450,000
Sold Price
$325,000
Premium/Discount to List
-$125,000
-27.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%

Purchase Details

Closed on
Dec 19, 2007
Sold by
Pp85 Mccandless Ranch Llc
Bought by
Tumbleweed Center For Youth Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2007
Sold by
The Pickering Partnership Of 85 Inc
Bought by
Pp85 Mccandless Ranch Llc

Purchase Details

Closed on
May 29, 2007
Sold by
Pickering Robert L
Bought by
Pickering Partnership Of 85 Inc

Purchase Details

Closed on
Feb 9, 1995
Sold by
Damiani Mary Leota
Bought by
Pickering Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
9.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 16, 1994
Sold by
Blanton Mary Leota
Bought by
Blanton Mary Leota
Source: Public Records

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
Jolly Holdings Llc -- --
Glenn Landin Iii Joseph $470,000 Pioneer Title Agency Inc
H & S Enterprises Llc $325,000 Grand Canyon Title Agency
Tumbleweed Center For Youth Development $465,000 Security Title Agency Inc
Pp85 Mccandless Ranch Llc -- Security Title Agency Inc
Pickering Partnership Of 85 Inc -- American Title Service Agenc
Pickering Robert L $136,000 Security Title Agency
Blanton Mary Leota -- --
Blanton Mary Leota -- --
Blanton Mary Leota -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jolly Holdings Llc $400,000
Previous Owner Glenn Landin Iii Joseph $410,000
Previous Owner Tumbleweed Center For Youth Development $701,250
Previous Owner Pickering Robert L $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2017 11/07/17 Sold $325,000 -18.5% $114 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
07/20/2017 07/20/17 Price Changed $399,000 -11.3% $140 / Sq Ft
05/01/2017 05/01/17 For Sale $450,000 -- $158 / 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 $2,350 $23,611 -- --
2024 $2,301 $22,487 -- --
2023 $2,301 $44,620 $8,920 $35,700
2022 $3,417 $50,730 $10,140 $40,590
2021 $3,427 $46,305 $9,255 $37,050
2020 $3,321 $42,150 $8,430 $33,720
2019 $3,325 $37,305 $7,455 $29,850
2018 $3,216 $23,500 $4,700 $18,800
2017 $0 $23,770 $4,750 $19,020
2016 $0 $25,160 $5,030 $20,130
2015 -- $24,930 $4,980 $19,950
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Justin Cirell

    Seller Co-Listing Agent in 2017

    Justin Cirell

    R.O.I. Properties

    (480) 356-1450

    6 Total Sales

    Justin Cirell
    Section Image

  • G

    Buyer's Agent in 2017

    Gary Schultz

    HomeSmart

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5606316

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-24-052R

Arizona Maricopa County Phoenix 85020 North Mountain Village

1340 E Desert Cove Ave, Phoenix, AZ

This home is located at 1340 E Desert Cove Ave, Phoenix, AZ 85020 since 16 May 2017 and is currently estimated at $536,162, approximately $187 per square foot. This property was built in 1976. 1340 E Desert Cove Ave 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

Nearby Homes