NOT LISTED FOR SALE

1402 W Cheryl Dr Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $358,000 - $463,000

1 Bed
-- Bath
1,312 Sq Ft
$300/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $160,000 $122 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $2,127/month

32 Days on Market

Highlights

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

About This Home

As of June 2017

Well performing duplex with a lot of upside! This duplex is stabilized with long term tenants in place. During the 4 years that the Seller has owned this property there has been very low turnover. Maintenance calls are rare, and everything is in good shape. There is also the possibility of raising the rents to improve the CAP rate which is already in the double digits. Tenants pay for everything except water (which includes the sewer and trash service). No showings until your contract is accepted. Please do not disrupt the tenants.

Last Agent to Sell the Property

David Fisher

HomeSmart License #BR515477000 Listed on: 04/21/2017

Last Buyer's Agent

Rufino Mendoza

HomeSmart License #SA663387000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $514

Year Built

  • Built in 1954

Lot Details

  • 7,579

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Washington Elementary School - Phoenix
  • Mountain View - Waddell Middle School
  • Sunnyslope Elementary High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 158-27-011

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,574sf
  • Barnett Hts Subdivision

Building Details

  • Operating Expense $3,011
  • Gross Income $14,100
  • Net Operating Income $1,897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$514

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2016
  • Directions: South on 15th Ave, East on Cheryl to property.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: BARNETT HTS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • 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

Fee Information

  • Annual Water Sewer Expense: 1187.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Sunnyslope Elementary School
  • Middle Or Junior School: Mountain View - Waddell

Lot Info

  • Lot Size: 7,574sf
  • Additional Parcels: No
  • Parcel #: 158-27-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 14100.0
  • Insurance Expense: 710.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 1897.0
  • Annual Operating Expense: 3011.0

Tax Info

  • Tax Annual Amount: 514.0
  • Tax Book Number: 158.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jun 6, 2017
Sold by
Snipe Bite Llc
Bought by
Vanzquex Gustavo Vanzquex and Fernandez Leticia Villabnuea
Seller's Agent
David Fisher
HomeSmart
Buyer's Agent
Rufino Mendoza
HomeSmart
List Price
$134,900
Sold Price
$160,000
Premium/Discount to List
$25,100
18.61%
Current Estimated Value
$393,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,493
Avg. Annual Appreciation
11.11%

Purchase Details

Closed on
Aug 14, 2013
Sold by
Flip University Llc
Bought by
Snipe Bite Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
3.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 22, 2013
Sold by
Sheldon Peggy
Bought by
Flip University Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
3.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 20, 2001
Sold by
Jane Betty and Heintz Ross
Bought by
Sheldon Peggy Lou

Purchase Details

Closed on
Apr 4, 2001
Sold by
The Wesley E Sheldon Trust
Bought by
Jane Betty and Heintz Ross Jacob

Purchase Details

Closed on
May 5, 1994
Sold by
Sheldon Wesley E
Bought by
Sheldon Wesley E
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
Vanzquex Gustavo Vanzquex $160,000 First American Title Insuran
Snipe Bite Llc $115,000 None Available
Flip University Llc $66,400 None Available
Sheldon Peggy Lou -- --
Jane Betty -- --
Sheldon Wesley E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flip University Llc $57,000
Previous Owner Sheldon Peggy $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2017 06/16/17 Sold $160,000 -3.0% $122 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
04/21/2017 04/21/17 Price Changed $165,000 +22.3% $126 / Sq Ft
04/20/2017 04/20/17 For Sale $134,900 -- $103 / 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 $587 $4,802 -- --
2024 $577 $4,573 -- --
2023 $577 $24,910 $4,980 $19,930
2022 $558 $17,430 $3,480 $13,950
2021 $565 $15,120 $3,020 $12,100
2020 $551 $13,180 $2,630 $10,550
2019 $541 $10,460 $2,090 $8,370
2018 $527 $7,900 $1,580 $6,320
2017 $524 $7,550 $1,510 $6,040
2016 $514 $6,900 $1,380 $5,520
2015 $476 $5,720 $1,140 $4,580
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Fisher

    HomeSmart

    Section Image

  • R

    Buyer's Agent in 2017

    Rufino Mendoza

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5593697

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-27-011

Arizona Maricopa County Phoenix 85021 North Mountain Village

1402 W Cheryl Dr, Phoenix, AZ

This home is located at 1402 W Cheryl Dr, Phoenix, AZ 85021 since 21 April 2017 and is currently estimated at $393,493, approximately $299 per square foot. This property was built in 1954. 1402 W Cheryl Dr 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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