NOT LISTED FOR SALE

1410 W Cheryl Dr Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $185,253 - $380,000

-- Bed
-- Bath
988 Sq Ft
$260/Sq Ft Est. Value

Last Sold July 02, 2015

Last sale price $325,000 $329 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $1,366/month

102 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of July 2015

10-unit multifamily property in N Central Phoenix. A great play for any investor at $36,600/unit. Great location near mountains as well as near retail, restaurants and nightlife.
All units are 1/1 with tile flooring throughout. All units have private yard and attached storage room. Most units have newer A/C units. Grass landscape, common laundry for all units. 80% Leased
at time of listing but landlord will pay 1 year of rent for any vacant unit at close of escrow ($425/M) so your investor can buy effectively 100% leased product. Property professionally managed for last 2 years, Management can provide historical financials. Property is on 5 parcels, additional parcels are:158-27-009B, 158-27-004, 158-27-010B, 158-27-010A. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Tom Zarob

Phoenix Prestige Real Estate License #BR546214000 Listed on: 02/09/2015

Last Buyer's Agent

Mike Snitz

Realty ONE Group License #SA651575000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $258

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Mountain Sky Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 158-27-009-A

Community Details

Overview

  • 5 Buildings
  • 10 Units
  • Building Dimensions are Irr

Building Details

  • Operating Expense $17,298
  • Gross Income $50
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$258

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 15th Avenue & Peoria Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 5
  • Year Built: 1958
  • Tax Year: 2014
  • Directions: South on 15th Ave from Peoria, east on Cheryl Drive, property on N side of Cheryl.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2040.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2400.0
  • Annual Water Sewer Expense: 4800.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Middle Or Junior School: Mountain Sky Middle School

Lot Info

  • Lot Size: Irr
  • Additional Parcels: Yes
  • Parcel #: 158-27-009-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 10
  • Electric Expense: 600.0
  • Annual Gross Income: 50.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 4200.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 17298.0

Tax Info

  • Tax Annual Amount: 258.0
  • Tax Book Number: 158.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2015
Closed on
Jun 21, 2015
Sold by
Lakefront Holdings L Lp
Bought by
Psa Behavioral Health Agency
Seller's Agent
Tom Zarob
Phoenix Prestige Real Estate
Buyer's Agent
Mike Snitz
Realty ONE Group
List Price
$366,000
Sold Price
$325,000
Premium/Discount to List
-$41,000
-11.2%
Current Estimated Value
$256,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,582
Avg. Annual Appreciation
-2.20%
Original Mortgage
$243,750
Outstanding Balance
$192,378
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$66,593

Purchase Details

Closed on
Apr 19, 2012
Sold by
Oceana Llc
Bought by
Lakefront Holdings L Lp

Purchase Details

Closed on
Apr 9, 2009
Sold by
Gmac Mortgage Llc
Bought by
Oceana Llc

Purchase Details

Closed on
May 16, 2008
Sold by
Redden John and Mortgage Electronic Registrati
Bought by
Gmac Mortgage Llc
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
Psa Behavioral Health Agency $322,500 Empire West Title Agency
Lakefront Holdings L Lp $275,000 Chicago Title Agency Inc
Oceana Llc $30,900 First American Title Ins Co
Gmac Mortgage Llc $106,250 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Psa Behavioral Health Agency $243,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2015 07/02/15 Sold $325,000 -11.2% $329 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
02/08/2015 02/08/15 For Sale $366,000 -- $370 / 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 -- $3,636 -- --
2024 -- $3,463 -- --
2023 $0 $13,350 $4,200 $9,150
2022 $0 $11,940 $3,510 $8,430
2021 $0 $11,700 $3,510 $8,190
2020 $0 $11,625 $3,405 $8,220
2019 $0 $10,905 $3,060 $7,845
2018 $0 $4,500 $780 $3,720
2017 $0 $3,720 $640 $3,080
2016 $260 $3,570 $620 $2,950
2015 $241 $3,010 $520 $2,490
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tom Zarob

    Phoenix Prestige Real Estate

    (602) 708-1635

    1 in this area

    27 Total Sales

    Tom Zarob
    Section Image
  • Mike Snitz

    Buyer's Agent in 2015

    Mike Snitz

    Realty One Group

    (602) 327-2785

    5 in this area

    126 Total Sales

    Mike Snitz
    Section Image

  • M

    Buyer's Agent in 2015

    Michael Snitz

    eXp Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5234120

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-27-009A

Arizona Maricopa County Phoenix 85021 North Mountain Village

1410 W Cheryl Dr, Phoenix, AZ

This home is located at 1410 W Cheryl Dr, Phoenix, AZ 85021 since 09 February 2015 and is currently estimated at $256,418, approximately $259 per square foot. This property was built in 1958. 1410 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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