Seller's Agent in 2022
Dallin Hammond
ABI Multifamily
(602) 714-1400
4 in this area
37 Total Sales
1538 W Peoria Ave Phoenix, AZ 85029
North Mountain Village NeighborhoodEstimated Value: $627,878 - $666,000
6
Beds
--
Bath
2,800
Sq Ft
$231/Sq Ft
Est. Value
Highlights
- Cooling Available
- Vinyl Flooring
- Individual Controls for Heating
- Sunnyslope High School Rated A
About This Home
As of July 20221538 W Peoria Ave is a garden-style apartment building built in 1971 that has been fully renovated with new vinyl-plank flooring throughout, all-new kitchen appliances, kitchen cabinets, in-suite washers & dryers, as well as updated bathrooms. It is currently fully occupied. The unit mix is (2) 1 bedroom / 1 bathroom & (2) 2 bedroom / 1 bathroom units. ~5.8% CAP rate on trailing 3 financials. Property is on a quiet street and has easy access to the I-17 Freeway. All Units are individually metered for Electricity. Property is fully occupied, drive by tours only until contract acceptance.
Last Agent to Sell the Property
ABI Multifamily License #SA677560000 Listed on: 05/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,370
Year Built
- Built in 1971
Lot Details
- 0.29
Home Design
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Vinyl Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 31
- Assessor Parcel Number 159-14-041
Community Details
Overview
- 4 Units
- Building Dimensions are 84.94x149.38x82.03x148.56
- Desert Cove Extension Lots 1 4, 13 20, 29 32 Subdivision
Building Details
- Operating Expense $1,370
- Gross Income $59,356
- Net Operating Income $42,386
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2022
Closed on
Jul 5, 2022
Sold by
Peoria Ave Apartments Llc
Bought by
Bratcher Clifford Jay and Bratcher Rosalinda Marie
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Douglas Thoene
HomeSmart
List Price
$695,000
Sold Price
$690,000
Premium/Discount to List
-$5,000
-0.72%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,280
Avg. Annual Appreciation
-1.93%
Original Mortgage
$500,001
Outstanding Balance
$475,735
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$171,985
Purchase Details
Closed on
Jan 25, 2021
Sold by
Fox Investment Group Llc
Bought by
Peoria Ave Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 4, 2012
Closed on
Feb 1, 2012
Sold by
Wasta Llc
Bought by
Fox Bradley and Gibson Erika
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Janice Delong
HomeSmart
List Price
$119,000
Sold Price
$119,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.22%
Original Mortgage
$89,250
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 12, 2011
Sold by
Us Bank National Association
Bought by
Wasta Llc
Purchase Details
Closed on
Mar 7, 2011
Sold by
Roy John H and Roy Graceial
Bought by
Bank Of America National Association
Purchase Details
Closed on
Mar 30, 2005
Sold by
Boldea Sorin
Bought by
Roy John H and Roy Graciela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
5.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2002
Sold by
Parkin Patricia J and Patricia J Parkin 1984 Trust
Bought by
Boldea Sorin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
6.24%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 28, 2001
Sold by
Pham Phu and Pham Thongphoune
Bought by
Parkin Patricia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,174
Interest Rate
6.91%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 19, 2000
Sold by
Gomez Gilbert Paul and Gomez Catherine Irene
Bought by
Pham Phu and Pham Thongphoune
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,150
Interest Rate
8.06%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 16, 1996
Sold by
Musick Walter J and Musick Lena A
Bought by
Gomez Gilbert Paul and Gomez Catherine Irene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,200
Interest Rate
7.1%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bratcher Clifford Jay | $690,000 | Fidelity National Title | |
| Peoria Ave Apartments Llc | $375,000 | Title Alliance Of Phoenix Ag | |
| Fox Bradley | $119,000 | Chicago Title Agency Inc | |
| Wasta Llc | $42,000 | Lawyers Title Of Arizona Inc | |
| Bank Of America National Association | $60,888 | Accommodation | |
| Roy John H | $258,000 | Security Title Agency | |
| Boldea Sorin | $173,469 | Old Republic Title Ins Agenc | |
| Parkin Patricia J | $150,500 | Capital Title Agency | |
| Pham Phu | $117,000 | Fidelity National Title | |
| Gomez Gilbert Paul | $71,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bratcher Clifford Jay | $500,001 | |
| Previous Owner | Peoria Ave Apartments Llc | $195,500 | |
| Previous Owner | Fox Bradley | $89,250 | |
| Previous Owner | Roy John H | $206,400 | |
| Previous Owner | Boldea Sorin | $138,750 | |
| Previous Owner | Parkin Patricia J | $148,174 | |
| Previous Owner | Pham Phu | $111,150 | |
| Previous Owner | Gomez Gilbert Paul | $57,200 | |
| Closed | Boldea Sorin | $17,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/06/2022 07/06/22 | Sold | $690,000 | -0.7% | $246 / Sq Ft |
| 05/12/2022 05/12/22 | For Sale | $695,000 | +484.0% | $248 / Sq Ft |
| 02/10/2012 02/10/12 | Sold | $119,000 | 0.0% | $85 / Sq Ft |
| 01/09/2012 01/09/12 | Pending | -- | -- | -- |
| 01/04/2012 01/04/12 | For Sale | $119,000 | -- | $85 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,423 | $11,639 | -- | -- |
| 2024 | $1,398 | $11,085 | -- | -- |
| 2023 | $1,398 | $45,450 | $9,090 | $36,360 |
| 2022 | $1,352 | $32,050 | $6,410 | $25,640 |
| 2021 | $1,370 | $26,630 | $5,320 | $21,310 |
| 2020 | $1,335 | $23,150 | $4,630 | $18,520 |
| 2019 | $1,311 | $19,900 | $3,980 | $15,920 |
| 2018 | $1,277 | $16,560 | $3,310 | $13,250 |
| 2017 | $1,270 | $13,560 | $2,710 | $10,850 |
| 2016 | $1,247 | $12,950 | $2,590 | $10,360 |
| 2015 | $1,155 | $11,110 | $2,220 | $8,890 |
Source: Public Records
Agents Affiliated with this Home
-
Dallin Hammond
-
Carson Griesemer
Seller Co-Listing Agent in 2022
Carson Griesemer
ABI Multifamily
(602) 714-1400
2 in this area
25 Total Sales
-
Douglas Thoene
Buyer's Agent in 2022
Douglas Thoene
HomeSmart
(602) 818-0533
3 in this area
41 Total Sales
-
Terry Kass
Seller's Agent in 2012
Terry Kass
Coldwell Banker Commercial Realty
(602) 330-2525
1 in this area
23 Total Sales
-
Janice Delong
Buyer's Agent in 2012
Janice Delong
HomeSmart
(602) 315-0159
1 in this area
203 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6402340
APN: 159-14-041
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.
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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