NOT LISTED FOR SALE

1521 E Ironwood Dr Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $455,329 - $544,000

Studio
-- Bath
1,872 Sq Ft
$264/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $210,000 $112 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $2,636/month

51 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Individual Controls for Heating

About This Home

As of February 2018

Great investment opportunity located in north central Phoenix.5 separate duplexes, each on their own individual parcel.It is located on a quiet, clean street with
nice mountain views,minutes from multiple hiking trails and
mountain preserves/parks, including North Mountain Park and Dreamy
Draw Recreation Area. The location is extremely central and allows
residents to enjoy so much of what central Phoenix has to
offer.With many dining,shopping & entertainment options, as well
as the 51 FWY close by,this
property offers a very desirable location for residents and has
consistently stayed fully occupied.
Every unit is a 2/1.Having separate parcels allows an investor to sell them off individually.Each unit is individually metered for
electric & each duplex has its own water meter and

Last Agent to Sell the Property

Patrick Burch

ABI Multifamily License #BR515118000 Listed on: 12/12/2017

Co-Listed By

John Klocek

ABI Multifamily License #SA657592000

Last Buyer's Agent

Joseph Sisneros

RE/MAX Elite License #BR557584000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $929

Year Built

  • Built in 1981

Lot Details

  • 6,665

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 159-29-051

Community Details

Overview

  • 2 Units
  • Building Dimensions are 84x75
  • Mountain Village Tr Subdivision

Building Details

  • Operating Expense $3,750
  • Gross Income $17,708
  • Net Operating Income $14,673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$929

Year Built

Built in 1981

Lot Details

6,665 Sq Ft Lot

Listing Details

  • Cross Street: 14th St. and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: MOUNTAIN VILLAGE TR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 84x75
  • Additional Parcels: No
  • Parcel #: 159-29-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 17708.0
  • Property Net Operating Income: 14673.0
  • Annual Operating Expense: 3749.94
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 928.94
  • Tax Block: 2
  • Tax Book Number: 159.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
Nagel Daniel A
Bought by
Daniel A Nagel Living Trust and Charene S Nagel Living Trust
Current Estimated Value
$493,332

Purchase Details

Closed on
Oct 5, 2020
Sold by
Nagel Daniel A
Bought by
Nagel Daniel A and Nagel Charene S

Purchase Details

Listed on
Dec 12, 2017
Closed on
Feb 14, 2018
Sold by
Nagel Charene and Nagel Daniel A
Bought by
Nagel Daniel A
Seller's Agent
Patrick Burch
ABI Multifamily
Buyer's Agent
Joseph Sisneros
RE/MAX Elite
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%

Purchase Details

Listed on
Dec 12, 2017
Closed on
Jan 30, 2018
Sold by
Rodaway Gene E
Bought by
Nagel Daniel A
Seller's Agent
Patrick Burch
ABI Multifamily
Buyer's Agent
Joseph Sisneros
RE/MAX Elite
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%

Purchase Details

Closed on
Jul 15, 2016
Sold by
Palich Milomir
Bought by
Rodaway Gene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2014
Sold by
1521 E Ironwood Dr Llc
Bought by
1521 E Ironwood Dr Llc

Purchase Details

Closed on
Jun 13, 1997
Sold by
Black Lynda K
Bought by
Palich Milomir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.98%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Daniel A Nagel Living Trust -- None Listed On Document
Nagel Daniel A -- None Available
Nagel Daniel A -- Lawyers Title Of Arizona Inc
Nagel Daniel A $800,000 Lawyers Title Of Arizona Inc
Rodaway Gene E $870,000 Driggs Title Agency Inc
1521 E Ironwood Dr Llc -- None Available
Palich Milomir $65,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodaway Gene E $609,000
Previous Owner Palich Milomir $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2018 02/22/18 Sold $210,000 -8.7% $112 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
01/12/2018 01/12/18 Price Changed $230,000 -4.2% $123 / Sq Ft
12/01/2017 12/01/17 For Sale $240,000 -- $128 / 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 $1,128 $8,877 -- --
2024 $1,066 $8,454 -- --
2023 $1,066 $30,630 $6,120 $24,510
2022 $1,031 $24,310 $4,860 $19,450
2021 $1,044 $21,980 $4,390 $17,590
2020 $1,018 $19,700 $3,940 $15,760
2019 $1,000 $14,370 $2,870 $11,500
2018 $974 $12,220 $2,440 $9,780
2017 $969 $9,630 $1,920 $7,710
2016 $951 $8,900 $1,780 $7,120
2015 $881 $8,650 $1,730 $6,920
Source: Public Records

Agents Affiliated with this Home

  • Patrick Burch

    Seller's Agent in 2018

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    35 Total Sales

    Patrick Burch
    Section Image
  • John Klocek

    Seller Co-Listing Agent in 2018

    John Klocek

    ABI Multifamily

    (602) 639-0088

    22 Total Sales

    John Klocek
    Section Image

  • J

    Buyer's Agent in 2018

    Joseph Sisneros

    RE/MAX

    (480) 626-5933

    34 Total Sales

    Joseph Sisneros
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5697933

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-051

Arizona Maricopa County Phoenix 85020 North Central

1521 E Ironwood Dr, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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