NOT LISTED FOR SALE

1507 E Sheraton Ln Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $325,901 - $382,000

3 Beds
2.5 Baths
1,352 Sq Ft
$257/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $122,000 $90 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $2,012/month

7 Days on Market

Highlights

  • Eat-In Kitchen
  • Dual Vanity Sinks in Primary Bathroom
  • 4-minute walk to Ridgefield Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of December 2015

This home is located at 1507 E Sheraton Ln, Phoenix, AZ 85040 since 17 October 2015 and is currently estimated at $346,975, approximately $256 per square foot. This property was built in 2004. 1507 E Sheraton Ln is a home located in Maricopa County with nearby schools including Irene Lopez School, South Mountain High School, and Phoenix Coding Academy.

Last Agent to Sell the Property

Dion Rosemond

Rosemond Real Estate License #BR527258000 Listed on: 10/17/2015

Last Buyer's Agent

Hector Gomez

My Home Group Real Estate License #SA531775000

My Home Group Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $859

Year Built

  • Built in 2004

Lot Details

  • 2,240 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,352 Sq Ft Home
  • 2-Story Property

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Schools

  • Roosevelt Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • Association fees include ground maintenance
  • Brown Community Association, Phone Number (480) 539-1396
  • Ridgefield Subdivision

Listing and Financial Details

  • Tax Lot 174
  • Assessor Parcel Number 113-54-191

Home Details

Home Type

Single Family

Est. Annual Taxes

$859

Year Built

Built in 2004

Lot Details

0

HOA Fees

$90 per month

Parking

1

Listing Details

  • Cross Street: 16th Street & Southern
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 90.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2004
  • Tax Year: 2015
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.05
  • Subdivision Name: Ridgefield
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 90.0
  • Dining Area:Breakfast Bar: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, Double Vanity, Full Bth Master Bdrm
  • Living Area: 1352.0
  • Stories: 2
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Cook Top Elec: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 1.0
  • Garage Spaces: 1.0

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: Management
  • Association Fee: 90.0
  • Association Fee Frequency: Monthly
  • Association Name: Brown Community
  • Phone: 480-539-1396
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 405.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Brown Community
  • Association Fees:HOA Telephone4: 480-539-1396
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: Phoenix Union Cyber High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2240.0
  • Parcel #: 113-54-191
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 859.0
  • Tax Book Number: 113.00
  • Tax Lot: 174
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2015
Closed on
Dec 4, 2015
Sold by
Vital Pete and Vital Lydia Villegas
Bought by
Ortiz Francisca
Seller's Agent
Dion Rosemond
Rosemond Real Estate
Buyer's Agent
Hector Gomez
My Home Group Real Estate
List Price
$122,000
Sold Price
$122,000
Current Estimated Value
$346,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,975
Avg. Annual Appreciation
11.14%
Original Mortgage
$0
Interest Rate
3.94%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 10, 2005
Sold by
Morrissey Brenda M
Bought by
Vital Pete and Vital Lillee

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
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2004
Sold by
K Hovnanian Great Western Homes Llc
Bought by
Morrissey Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,301
Interest Rate
5.95%
Mortgage Type
FHA
Source: Public Records

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
Ortiz Francisca $122,000 Old Republic Title Agency
Vital Pete $150,000 Transnation Title
Morrissey Brenda M $115,080 Lawyers Title Ins
K Hovnanian Great Western Homes Llc $64,637 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Francisca $122,000
Previous Owner Vital Pete $120,000
Previous Owner Morrissey Brenda M $113,301
Closed Vital Pete $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $122,000 0.0% $90 / Sq Ft
10/24/2015 10/24/15 Pending -- -- --
10/17/2015 10/17/15 For Sale $122,000 -- $90 / 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 $999 $7,582 -- --
2024 $968 $7,221 -- --
2023 $968 $22,310 $4,460 $17,850
2022 $948 $17,050 $3,410 $13,640
2021 $978 $14,970 $2,990 $11,980
2020 $966 $14,180 $2,830 $11,350
2019 $933 $12,600 $2,520 $10,080
2018 $906 $10,650 $2,130 $8,520
2017 $845 $9,800 $1,960 $7,840
2016 $801 $8,870 $1,770 $7,100
2015 $859 $7,300 $1,460 $5,840
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dion Rosemond

    Rosemond Real Estate

    (623) 680-9754

    1 in this area

    12 Total Sales

    Dion Rosemond
    Section Image
  • Hector Gomez

    Buyer's Agent in 2015

    Hector Gomez

    My Home Group

    (602) 299-4639

    2 in this area

    11 Total Sales

    Hector Gomez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5350341

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-54-191

Arizona Maricopa County Phoenix 85040 South Mountain

1507 E Sheraton Ln, Phoenix, AZ

This home is located at 1507 E Sheraton Ln, Phoenix, AZ 85040 since 17 October 2015 and is currently estimated at $346,975, approximately $256 per square foot. This property was built in 2004. 1507 E Sheraton Ln is a home located in Maricopa County with nearby schools including Irene Lopez School, South Mountain High School, and Phoenix Coding Academy.

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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