NOT LISTED FOR SALE

1502 E Dunlap Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $359,000 - $5,249,632

-- Bed
2 Baths
57,600 Sq Ft
$49/Sq Ft Est. Value

Last Sold July 25, 2013

Last sale price $2,200,000 $38 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $18,501/month

46 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of July 2013

BEAUTIFUL RESIDENTIAL CONDO PROJECT CLOSE TO PIESTEWA PEAK MOUNTAIN. Attractive investment opportunity for developers or investors. Cap Rate-2 options: Buy Option-11.33%; Lease Option-7.29%. 8 Units available. Each unit has 2 car garage and are over 2,300 SF each: 3 bedrooms, 2.5 bathrooms, lofts, offices, etc., depending on floor plan (3 different floor plans). These luxurious condos also have 6 improved lots with either a peak, valley or hillside view. The project is ideal for the buyer that is ready to complete and take advantage of the current market conditions and sell the completed project to an end user. An attractive investment opportunity for developers and/or investors. (REF GPE3687)

Last Listed By

Ronald Genovese

Avison Young License #BR008010000 Listed on: 01/08/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,604

Year Built

  • Built in 2008

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Sunnyslope Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 1
  • Assessor Parcel Number 159-33-173

Community Details

Overview

  • 8 Buildings
  • 14 Units
  • Building Dimensions are Varies
  • Skyline Ridge At The Preserve Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,604

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Cross Street: E/NEC E. Dunlap Avenue & N. 14th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 8
  • Year Built: 2008
  • Tax Year: 2012
  • Directions: SR51 (Piestewa Fwy) to E. Northern Avenue west, then north on N. 14th Street and east on E. Dunlap Avenue.
  • Road Surface Type: Private Street
  • Subdivision Name: Skyline Ridge at the Preserve
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Amenities: None

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: Varies
  • Additional Parcels: Yes
  • Parcel #: 159-33-173

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 14
  • Annual Operating Expense: 11604.44

Tax Info

  • Tax Annual Amount: 11604.44
  • Tax Book Number: 159.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2013
Closed on
Jul 18, 2013
Sold by
Resolute Commercial Services Llc
Bought by
Paramount Skyline Llc
Seller's Agent
Ronald Genovese
Avison Young
Buyer's Agent
Ronald Genovese
Avison Young
List Price
$2,250,000
Sold Price
$2,200,000
Premium/Discount to List
-$50,000
-2.22%
Total Days on Market
46
Current Estimated Value
$2,804,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$604,316
Avg. Annual Appreciation
2.47%
Original Mortgage
$1,625,250
Interest Rate
3.98%
Mortgage Type
New Conventional

Range of Values:

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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
Paramount Skyline Llc $2,200,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez William $180,000
Open Paramount Skyline Llc $2,350,000
Closed Paramount Skyline Llc $1,625,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2013 07/25/13 Sold $2,200,000 -2.2% $38 / Sq Ft
02/22/2013 02/22/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $2,250,000 -- $39 / 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 -- -- -- --
2024 -- $50 $50 --
2023 -- $1,850 $1,850 --
2022 $0 $2,775 $2,775 $0
2021 $0 $2,775 $2,775 $0
2020 $0 $2,775 $2,775 $0
2019 $0 $2,775 $2,775 $0
2018 $0 $2,775 $2,775 $0
2017 $0 $2,775 $2,775 $0
2016 $0 $2,775 $2,775 $0
2015 -- $2,960 $2,960 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Ronald Genovese

    Avison Young

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4871011

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-33-173

Arizona Maricopa County Phoenix 85020 North Central

1502 E Dunlap Ave, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1502 E Dunlap Ave, Phoenix, AZ 85020 since 08 January 2013 and is currently estimated at $2,804,316, approximately $48 per square foot. This property was built in 2008. 1502 E Dunlap Ave is a home located in Maricopa County with nearby schools including Desert View Elementary School, Royal Palm Middle School, and Sunnyslope 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

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