NOT LISTED FOR SALE

1431 E Cheryl Dr Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $595,000 - $610,000

5 Beds
5 Baths
2,521 Sq Ft
$239/Sq Ft Est. Value

Last Sold December 18, 2014

Last sale price $194,529 $77 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $3,268/month

16 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 3-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of December 2014

Great income producing property. 3 total units. Nicely maintained 1 bedroom and 1 bath home in the front (built 1962) and a newer duplex (built in 2002) in the rear. Duplex units are large (900+ sf) 2 bedroom, 2 baths with an open floor plan. All units are currently rented, and tenants would like to continue with lease if possible. However, could be great for someone looking to live in one of the units. Likely could live rent / mortgage free with the income produced by the other two units. Front home and each duplex unit have additional storage sheds. Total monthly rental income is $1795.

Last Agent to Sell the Property

Mark Perkins

HomeSmart Brokerage Phone: 6025188294 License #SA575721000 Listed on: 10/31/2014

HomeSmart

Co-Listed By

Alexa Perkins

HomeSmart Brokerage Phone: 6025188294 License #SA651514000

Last Buyer's Agent

Craig Frooninckx

DPR Realty LLC License #SA565206000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $724

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Schools

  • Washington Elementary School - Phoenix
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 159-29-009-D

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are Approx 70ft x 179ft

Building Details

  • Operating Expense $724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$724

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek & Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril04
  • Co List Office Phone: 602-230-7600
  • Tax Parcel Letter: D
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: Approx 70ft x 179ft
  • Additional Parcels: Yes
  • Parcel #: 159-29-009-D

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Operating Expense: 723.5

Tax Info

  • Tax Annual Amount: 723.5
  • Tax Book Number: 159.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2014
Closed on
Dec 8, 2014
Sold by
Glaze Gary and The Elenora M Glaze Trust
Bought by
Sopha Champi Pay and Sopha Ching
Seller's Agent
Mark Perkins
HomeSmart
Buyer's Agent
Craig Frooninckx
DPR Realty LLC
List Price
$195,900
Sold Price
$194,529
Premium/Discount to List
-$1,371
-0.7%
Current Estimated Value
$603,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,582
Avg. Annual Appreciation
10.88%
Original Mortgage
$145,896
Outstanding Balance
$112,084
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$491,027

Purchase Details

Closed on
Oct 29, 2004
Sold by
Mukherjee Ritwik and Mukherjee Julie
Bought by
Dunn Elenora M Glaze and Glaze Elenora M

Purchase Details

Closed on
Sep 26, 2002
Sold by
Glaze Elenora M and Elenora M Glaze Trust
Bought by
Mukherjee Ritwik and Mukherjee Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 27, 1999
Sold by
Glaze Elenora M
Bought by
Glaze Elenora M and Elenora M Glaze Trust

Purchase Details

Closed on
Feb 17, 1999
Sold by
Sanders Alma L
Bought by
Glaze Elenora
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sopha Champi Pay $194,529 Old Republic Title Agency
Dunn Elenora M Glaze $215,000 Fidelity National Title
Mukherjee Ritwik $190,000 Westland Title Agency Of Az
Glaze Elenora M -- --
Glaze Elenora $60,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sopha Champi Pay $145,896
Previous Owner Mukherjee Ritwik $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2014 12/18/14 Sold $194,529 -0.7% $77 / Sq Ft
11/16/2014 11/16/14 Pending -- -- --
10/31/2014 10/31/14 For Sale $195,900 -- $78 / 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 $1,119 $8,804 -- --
2024 $1,057 $8,385 -- --
2023 $1,057 $40,480 $8,090 $32,390
2022 $1,023 $28,400 $5,680 $22,720
2021 $1,036 $24,420 $4,880 $19,540
2020 $1,010 $22,250 $4,450 $17,800
2019 $992 $19,310 $3,860 $15,450
2018 $966 $16,080 $3,210 $12,870
2017 $961 $15,010 $3,000 $12,010
2016 $943 $14,080 $2,810 $11,270
2015 $874 $12,810 $2,560 $10,250
Source: Public Records

Agents Affiliated with this Home

  • Mark Perkins

    Seller's Agent in 2014

    Mark Perkins

    HomeSmart

    (602) 518-8294

    1 in this area

    86 Total Sales

    Mark Perkins
    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Alexa Perkins

    HomeSmart

    Section Image

  • C

    Buyer's Agent in 2014

    Craig Frooninckx

    DPR Realty

    (623) 979-3002

    11 Total Sales

    Craig Frooninckx
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5198099

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-009D

Arizona Maricopa County Phoenix 85020 North Central

1431 E Cheryl Dr, Phoenix, AZ

Not Listed for Sale

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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