NOT LISTED FOR SALE

1559 W Mercer Ln Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $700,000

-- Bed
-- Bath
3,227 Sq Ft
$217/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $550,000 $170 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,863/month

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceiling Fan
  • Sunnyslope High School Rated A
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of September 2023

Nice 4 Unit Fourplex. Great opportunity for Investor to grab this one quick! Close to I-17. All Units have 2 Bedrooms ,2 Full Bathrooms and 1 Fireplace.
Downstairs units have their own backyard* Upstair units have vaulted ceilings and private balconies* Landlord owns all appliances and convey with property* Roof replaced 2021* New exterior paint 2022*
Buyer to verify all facts and figures.

Last Listed By

Bea Lyman

Keller Williams Integrity First License #BR105721000 Listed on: 09/19/2023

Keller Williams Integrity First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,689

Year Built

  • Built in 1984

Lot Details

  • 4,312

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Schools

  • Shaw Butte Elementary School
  • Mountain Sky Middle School
  • Greenway High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 17
  • Assessor Parcel Number 159-14-083

Community Details

Overview

  • 4 Units
  • Building Dimensions are 68' x 63'
  • Muy Felices Casas Lt 1 20 Tr A G Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $13,783
  • Gross Income $60,612
  • Net Operating Income $48,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,689

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3A
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2022
  • Directions: FROM 19TH AVE & PEORIA*S ON 19TH AVE.*E ON SAGUARO TO COMPLEX*N TO 16TH AVE* SECOND BUILDING ON RIGHT
  • Road Surface Type: Asphalt, Private Street
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: MUY FELICES CASAS LT 1-20 TR A-G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1272.0

Schools

  • Elementary School: Shaw Butte School
  • High School: Greenway High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Mountain Sky Middle School

Lot Info

  • Lot Size: 68' x 63'
  • Additional Parcels: No
  • Parcel #: 159-14-083

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 60612.0
  • Insurance Expense: 695.0
  • Property Net Operating Income: 48517.8
  • Annual Operating Expense: 13783.0

Tax Info

  • Tax Annual Amount: 1689.0
  • Tax Book Number: 159.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Sep 28, 2023
Sold by
Novus Holdings Lllp
Bought by
Phoenix Capital Investments Llc
Seller's Agent
Bea Lyman
Keller Williams Integrity First
Buyer's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
List Price
$690,000
Sold Price
$550,000
Premium/Discount to List
-$140,000
-20.29%
Total Days on Market
0
Views
9
Current Estimated Value
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,000
Avg. Annual Appreciation
16.16%

Purchase Details

Listed on
Jul 12, 2022
Closed on
Dec 6, 2022
Sold by
Kimble Timothy J and Kimble Shauna K
Bought by
Novus Holdings Lllp
Seller's Agent
Lindsay Baker
Evolution Real Estate, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$699,950
Sold Price
$660,000
Premium/Discount to List
-$39,950
-5.71%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.16%
Original Mortgage
$430,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Kimble Christina
Bought by
Kimble Donald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2010
Sold by
Kimble Donald W and Kimble Timothy
Bought by
Kimble Timothy J and Kimble Shauna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2009
Sold by
Kimble Christina M
Bought by
Kimble Donald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2007
Sold by
Hibbert Chris and Stucke Janet
Bought by
Zaisan Llc

Purchase Details

Closed on
May 25, 2005
Sold by
Hibbert Christopher T
Bought by
Hibbert Christopher T and Stucke Janet A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2005
Sold by
Hernandez Antonio and Hernandez Sandra B
Bought by
Hibbert Christopher T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2003
Sold by
Clearwater Jeffrey and Clearwater Gerry
Bought by
Hernandez Antonio and Hernandez Sandra B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 1999
Sold by
Norlien Kenneth H and Norlien Rosa I
Bought by
Clearwater Jeffrey and Clearwater Gerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 1995
Sold by
Skene Alan B and Rufli Ursula Skene
Bought by
Norlien Kenneth H and Norlien Rosa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
7.36%
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
Phoenix Capital Investments Llc $550,000 Title Alliance
Novus Holdings Lllp $660,000 Greystone Title
Kimble Donald W -- Equity Title Agency Inc
Kimble Timothy J -- Equity Title Agency Inc
Kimble Donald W -- Equity Title Agency Inc
Kimble Donald W $93,500 Equity Title Agency Inc
Zaisan Llc -- None Available
Hibbert Christopher T -- Tsa Title Agency
Hibbert Christopher T $325,000 Tsa Title Agency
Hernandez Antonio $205,000 Capital Title Agency Inc
Clearwater Jeffrey $153,000 Security Title Agency
Norlien Kenneth H $106,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Novus Holdings Lllp $430,000
Previous Owner Grand Canyon Real Estate Holdings Llc $475,000
Previous Owner Kimble Donald W $97,500
Previous Owner Kimble Donald W $93,500
Previous Owner Hibbert Christopher T $260,000
Previous Owner Hernandez Antonio $184,500
Previous Owner Clearwater Jeffrey $122,400
Previous Owner Norlien Kenneth H $74,200
Closed Hibbert Christopher T $32,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $550,000 -20.3% $170 / Sq Ft
09/28/2023 09/28/23 Price Changed $690,000 0.0% $214 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $690,000 +4.5% $214 / Sq Ft
12/06/2022 12/06/22 Sold $660,000 0.0% $205 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
08/28/2022 08/28/22 Off Market $660,000 -- --
07/12/2022 07/12/22 For Sale $699,950 0.0% $217 / Sq Ft
08/15/2018 08/15/18 Rented $725 0.0% --
07/25/2018 07/25/18 Price Changed $725 -3.3% $1 / Sq Ft
07/21/2018 07/21/18 For Rent $750 -- --
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 $1,779 $14,542 -- --
2024 $1,746 $13,850 -- --
2023 $1,746 $47,250 $9,450 $37,800
2022 $1,689 $30,150 $6,030 $24,120
2021 $1,711 $24,850 $4,970 $19,880
2020 $1,668 $22,210 $4,440 $17,770
2019 $1,638 $18,400 $3,680 $14,720
2018 $1,595 $15,620 $3,120 $12,500
2017 $1,587 $15,330 $3,060 $12,270
2016 $1,558 $14,150 $2,830 $11,320
2015 $1,443 $14,070 $2,810 $11,260
Source: Public Records

Agents Affiliated with this Home

  • Bea Lyman

    Seller's Agent in 2023

    Bea Lyman

    Keller Williams Integrity First

    (480) 309-3975

    1 in this area

    53 Total Sales

    Bea Lyman
    Section Image
  • Melody Bramer

    Seller Co-Listing Agent in 2023

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    1 in this area

    18 Total Sales

    Melody Bramer
    Section Image
  • David Arustamian

    Buyer's Agent in 2023

    David Arustamian

    Russ Lyon Sotheby's International Realty

    (480) 331-0707

    1 in this area

    438 Total Sales

    David Arustamian
    Section Image
  • Lindsay Baker

    Seller's Agent in 2022

    Lindsay Baker

    Evolution Real Estate, LLC

    (480) 227-7945

    1 in this area

    28 Total Sales

    Lindsay Baker
    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

  • Donna Allman

    Seller's Agent in 2018

    Donna Allman

    RE/MAX

    (480) 340-2808

    2 in this area

    160 Total Sales

    Donna Allman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6606952

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-14-083

Arizona Maricopa County Phoenix 85029 North Mountain Village

1559 W Mercer Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1559 W Mercer Ln, Phoenix, AZ 85029 since 19 September 2023 and is currently priced at $700,000, approximately $216 per square foot. This property was built in 1984. 1559 W Mercer Ln is a home located in Maricopa County with nearby schools including Shaw Butte 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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