1402 W Mercer Ln Phoenix, AZ 85029
North Mountain Village Neighborhood
--
Bed
--
Bath
560
Sq Ft
7,928
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
- Heating System Uses Natural Gas
- Sunnyslope High School Rated A
About This Home
As of December 2019Fantastic TRIPLEX. Income property consists of one 2 bedroom/1 bath, one 1 bedroom/1 bath with a den, 1 studio, and 2 laundry rooms complete with washer/dryer packages. All 3 units
have separate Electrical & Gas meters. Property has been completely updated including cabinets, paint interior/exterior, windows, electrical, appliances (ranges/refrigerators), shower surrounds, tile floors, plumbing fixtures, bath accessories, kitchen and bathroom counters, toilets, new water
heaters, window treatments, plants, landscaping, hardware, doors, handles, lights, and fans. All new month to month leases in place as well. Room for 3 covered parking spaces and 8 additional spaces. Mountain views and HUGE covered patio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $671
Year Built
- Built in 1984
Home Design
- Block Exterior
Interior Spaces
- Ceiling Fan
Parking
- 8 Open Parking Spaces
- 11 Parking Spaces
- 3 Covered Spaces
Schools
- Mountain View Elementary School
- Royal Palm Middle School
- Sunnyslope High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 13
- Assessor Parcel Number 159-15-013
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 7919
- Mercer Heights Subdivision
Building Details
- Operating Expense $1,871
- Gross Income $21,600
- Net Operating Income $20,829
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 28, 2025
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp
Total Days on Market
16
Purchase Details
Closed on
Dec 14, 2021
Sold by
Rs Phoenix Owner 2 Lp
Bought by
Star 2021 Sfr2 Borrower Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,412,980
Interest Rate
3.11%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 5, 2019
Closed on
Nov 22, 2019
Sold by
Booza Llc
Bought by
Rs Phoenix Owner 2 Lp
Seller's Agent
Joseph Willets
Grace CRE
Buyer's Agent
Corey Wilson
HomeSmart
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Purchase Details
Listed on
May 9, 2017
Closed on
Jun 28, 2017
Sold by
Salamy Raymond Christopher
Bought by
Booza Llc
Seller's Agent
Travis Smith
My Home Group Real Estate
Buyer's Agent
tooraj Bakhtiari
RE/MAX Excalibur
List Price
$209,999
Sold Price
$209,999
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%
Original Mortgage
$157,499
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 6, 2017
Sold by
Ggb Enterprises Llc
Bought by
Maxton Oil & Gas Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 4, 2015
Sold by
Nueva Empresa Holdings Llc
Bought by
Mccala Kit
Purchase Details
Closed on
Sep 14, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Morneau Diana and Muzyk Lisa
Purchase Details
Closed on
Jul 14, 2009
Sold by
Aurora Loan Services Llc
Bought by
Federal Home Loan Mortgage Corp
Purchase Details
Closed on
Jun 30, 2009
Sold by
Wilhoit Daniel
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Apr 20, 2007
Sold by
Rothert Farms Co
Bought by
Wilhoit Daniel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 27, 2006
Sold by
Kalina Larry
Bought by
Rothert Farms Co
Purchase Details
Closed on
Dec 10, 2002
Sold by
Ivie Ronald
Bought by
Kalina Larry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
5.85%
Mortgage Type
New Conventional
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Stewart Title | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $290,000 | Premier Title Agency | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First Arizona Title Agency L | |
| Warranty Deed | $135,000 | First Arizona Title Agency | |
| Cash Sale Deed | $120,000 | First Arizona Title Agency | |
| Cash Sale Deed | $115,000 | Driggs Title Agency Inc | |
| Cash Sale Deed | $105,000 | Accommodation | |
| Special Warranty Deed | -- | None Available | |
| Corporate Deed | -- | Servicelink | |
| Trustee Deed | $65,000 | Servicelink | |
| Warranty Deed | $215,000 | Premier Title Group Maricopa | |
| Cash Sale Deed | $159,900 | Capital Title Agency Inc | |
| Warranty Deed | $97,000 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $256,412,980 | Commercial | |
| Previous Owner | $157,499 | New Conventional | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $133,000 | Purchase Money Mortgage | |
| Previous Owner | $14,550 | Stand Alone Second | |
| Previous Owner | $77,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $375,000 | 0.0% | -- |
| 05/06/2025 05/06/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | For Sale | $375,000 | +29.3% | -- |
| 12/10/2019 12/10/19 | Sold | $290,000 | -6.5% | $518 / Sq Ft |
| 11/11/2019 11/11/19 | Pending | -- | -- | -- |
| 11/02/2019 11/02/19 | For Sale | $310,000 | +47.6% | $554 / Sq Ft |
| 06/29/2017 06/29/17 | Sold | $209,999 | 0.0% | $375 / Sq Ft |
| 05/25/2017 05/25/17 | Pending | -- | -- | -- |
| 05/09/2017 05/09/17 | For Sale | $209,999 | -- | $375 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $766 | $6,265 | -- | -- |
| 2024 | $752 | $5,967 | -- | -- |
| 2023 | $752 | $24,900 | $4,980 | $19,920 |
| 2022 | $728 | $17,060 | $3,410 | $13,650 |
| 2021 | $737 | $15,620 | $3,120 | $12,500 |
| 2020 | $719 | $14,300 | $2,860 | $11,440 |
| 2019 | $706 | $11,800 | $2,360 | $9,440 |
| 2018 | $687 | $11,200 | $2,240 | $8,960 |
| 2017 | $684 | $9,360 | $1,870 | $7,490 |
| 2016 | $671 | $10,800 | $2,160 | $8,640 |
| 2015 | $622 | $8,970 | $1,790 | $7,180 |
Source: Public Records
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5602721
APN: 159-15-013
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.
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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