NOT LISTED FOR SALE

16401 N 24th Place Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $557,828 - $664,000

6 Beds
3 Baths
2,442 Sq Ft
$250/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $410,000 $168 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,325/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System

About This Home

As of October 2020

Truly one of the nicest & cleanest Triplexes that I have listed in awhile. All two bedroom and leased (all) $960. Artificial Grass and backyards w/washer/dryer hookups inside. The pride of owenrship really shows! Drive by only and see document tab for more information. REALLY a special building! On a Cul-De-Sac as well. Buyer to verify all facts and figures. See the Virtual tour as well.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 09/04/2020

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $923

Year Built

  • Built in 1972

Lot Details

  • 8,712

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Palomino Primary Elementary School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 214-27-047

Community Details

Overview

  • 3 Units
  • Building Dimensions are UNK
  • Tres Casas Subdivision

Building Details

  • Operating Expense $7,423
  • Gross Income $33,523
  • Net Operating Income $26,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$923

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Cave Creek and Greenway Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2020
  • Directions: Turn north onto Cave Creek from Greenway Rd. Turn right on Grandview 0.1 miles. Turn Left on 24th Place. Property is on the corner
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 2800.0
  • Subdivision Name: TRES CASAS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 600.0

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 214-27-047

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 33523.2
  • Insurance Expense: 700.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 26099.0
  • Annual Operating Expense: 7423.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 923.0
  • Tax Book Number: 214.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Nov 22, 2020
Sold by
Eyer Benjamin and Joines Melissa
Bought by
Ip Phx Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$395,000
Sold Price
$410,000
Premium/Discount to List
$15,000
3.8%
Current Estimated Value
$611,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,707
Avg. Annual Appreciation
8.37%
Original Mortgage
$307,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 15, 2020
Sold by
Mazur Slawomir and Mazur Dorothy
Bought by
Eyer Benjamin and Joines Melissa
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$395,000
Sold Price
$410,000
Premium/Discount to List
$15,000
3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2012
Sold by
Engstrom Courtney Anne and Boreyko Courtney Anne
Bought by
Boreyko Benson Keith

Purchase Details

Closed on
Apr 24, 2012
Sold by
Sabel Mahvash
Bought by
Bmo Harris Bank Na

Purchase Details

Closed on
Mar 1, 2004
Sold by
Misaghi Iraj
Bought by
Sabet Mahvash

Purchase Details

Closed on
Jul 12, 2002
Sold by
Edwards Danny and Edwards Deeann
Bought by
Edwards Danny and Edwards Deeann

Purchase Details

Closed on
Dec 7, 2001
Sold by
Clark David J and Clark Marcella L
Bought by
Mazur Slawomir and Mazur Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2001
Sold by
Clark David J and Clark Marcella L
Bought by
Clark David J and Clark Marcella L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,800
Interest Rate
6.91%

Purchase Details

Closed on
May 31, 1996
Sold by
Clark David J and Clark Marcella L
Bought by
Clark David J and Clark Marcella L
Source: Public Records

Range of Values:

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Average Value
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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
Ip Phx Llc -- Accommodation
Eyer Benjamin $410,000 Empire West Title Agency Llc
Boreyko Benson Keith -- Security Title Agency
Bmo Harris Bank Na -- None Available
Sabet Mahvash -- North American Title Co
Edwards Danny -- North American Title Co
Mazur Slawomir $117,500 Stewart Title & Trust
Clark David J -- Stewart Title & Trust Phoeni
Clark David J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eyer Benjamin $307,500
Previous Owner Mazur Slawomir $94,000
Previous Owner Clark David J $93,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2020 10/26/20 Sold $410,000 +3.8% $168 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $395,000 -- $162 / 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 $980 $9,843 -- --
2024 $959 $9,374 -- --
2023 $959 $30,960 $6,190 $24,770
2022 $950 $22,070 $4,410 $17,660
2021 $952 $20,600 $4,120 $16,480
2020 $923 $18,260 $3,650 $14,610
2019 $924 $14,830 $2,960 $11,870
2018 $894 $14,210 $2,840 $11,370
2017 $857 $11,770 $2,350 $9,420
2016 $843 $14,260 $2,850 $11,410
2015 $780 $12,030 $2,400 $9,630
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2020

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    3 in this area

    119 Total Sales

    Linda Gerchick
    Section Image
  • Luis Espinoza

    Buyer's Agent in 2020

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    5 in this area

    123 Total Sales

    Luis Espinoza
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6127481

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-27-047

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

16401 N 24th Place, Phoenix, AZ

This home is located at 16401 N 24th Place, Phoenix, AZ 85032 since 04 September 2020 and is currently estimated at $611,707, approximately $250 per square foot. This property was built in 1972. 16401 N 24th Place is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle 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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