NOT LISTED FOR SALE

1646 W Shangri la Rd Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $417,917 - $672,000

8 Beds
8 Baths
1,650 Sq Ft
$345/Sq Ft Est. Value

Last Sold June 08, 2012

Last sale price $140,000 $85 Per Sq Ft

Est. 307% increase in value since last sale

Current estimated payment $3,161/month

15 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of June 2012

All 4 Units are Rented Out***This Property is has a nice cash flow!! Not a bank owned or short sale!! Great area and excellent investment opportunity. The units have been remodeled in the last year. Do not Disturb the Tenants.

Last Agent to Sell the Property

Chase Caldwell

Caldwell and Associates, L.L.C. License #BR108413000 Listed on: 03/24/2012

Last Buyer's Agent

Marla Wicks

Better Homes & Gardens Real Estate SJ Fowler License #SA535997000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,576

Year Built

  • Built in 1981

Lot Details

  • 9,845

Parking

  • Over 1 Space Per Unit

Home Design

  • Built-Up Roof
  • Block Exterior

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Laundry

  • Washer and Dryer Hookup

Schools

  • Washington Elementary School - Phoenix

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,339 per year Dock Fee
  • 4 Units
  • Building Dimensions are 9845

Building Details

  • Insurance Expense $1,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,576

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: Dishwasher, Disposal, Refrigerator, W/D Hookup
  • Cross Street: Peoria/19th Ave
  • Floors: Carpet, Ceramic Tile, Concrete
  • Legal Info Range: 3E
  • Legal Info Section: 19
  • Legal Info Township: 3N
  • Roads Streets: Asphalt
  • Property Type: F
  • Marketing Name: Shangri La
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 6.00
  • Map Code Grid: M34
  • Year Built: 1981
  • Tax Year: 2011
  • Directions: North on Peoria from 19th Avenue to Shangri La Road. Then go East to the building. Do not Disturb Tenants!
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Built-Up
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit
  • Total Parking Spaces: 6.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • Elementary School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 9845

Multi Family

  • Income And Expenses Annual Ins Exp: 1339.00
  • Income And Expenses Annual Maint Exp: 1000.00
  • Income And Expenses Annual Water Sewer Exp: 2400.00
  • Income And Expenses Net Operating Income: 20700.00
  • Income And Expenses Operating Exp: 6078.00
  • Income And Expenses Totl Mnth Rntal Inc: 1725.00
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Sq Ft: 825
  • Two Bedroom Units Baths: 2

Tax Info

  • Taxes: 1339.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2013
Sold by
Tang Yi
Bought by
Zhao Jianwu
Current Estimated Value
$569,229

Purchase Details

Listed on
Mar 24, 2012
Closed on
Jun 5, 2012
Sold by
Tang Yi
Bought by
Zhao Jianwu
Seller's Agent
Chase Caldwell
Caldwell and Associates, L.L.C.
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$98,000
Outstanding Balance
$67,726
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$501,503

Purchase Details

Listed on
Mar 24, 2012
Closed on
May 29, 2012
Sold by
Best Of The West Investments Llc
Bought by
Zhao Jianwu
Seller's Agent
Chase Caldwell
Caldwell and Associates, L.L.C.
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Outstanding Balance
$67,726
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$501,503

Purchase Details

Closed on
Mar 9, 2011
Sold by
Alvarez Oscar L and Alvarez Diana C
Bought by
Ez Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2011
Sold by
Ez Homes Inc
Bought by
Best In The West Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2000
Sold by
Gianforte Salvatore and Gianforte Arcangela
Bought by
Alvarez Oscar L and Alvarez Diana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,100
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1998
Sold by
Gianforte Salvatore and Gianforte Arcangela
Bought by
Gianforte Salvatore and Gianforte Arcangela

Purchase Details

Closed on
Mar 8, 1996
Sold by
Klebba Bruno and Klebba Apolonia
Bought by
Gianforte Salvatore and Gianforte Arcangela
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhao Jianwu -- Chicago Title Agency Inc
Zhao Jianwu -- Guaranty Title Agency
Zhao Jianwu $140,000 Guaranty Title Agency
Ez Homes Inc $66,300 None Available
Best In The West Investments Llc -- None Available
Alvarez Oscar L $158,000 North American Title Agency
Gianforte Salvatore -- --
Gianforte Salvatore $76,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Jianwu $98,000
Previous Owner Ez Homes Inc $58,000
Previous Owner Best In The West Investments Llc $58,000
Previous Owner Alvarez Oscar L $150,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $140,000 -6.6% $85 / Sq Ft
04/08/2012 04/08/12 Pending -- -- --
03/24/2012 03/24/12 For Sale $149,900 -- $91 / 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 $1,576 $12,887 -- --
2024 $1,547 $12,274 -- --
2023 $1,547 $49,250 $9,850 $39,400
2022 $1,497 $34,650 $6,930 $27,720
2021 $1,516 $28,370 $5,670 $22,700
2020 $1,479 $24,930 $4,980 $19,950
2019 $1,452 $21,850 $4,370 $17,480
2018 $1,414 $18,300 $3,660 $14,640
2017 $1,406 $15,000 $3,000 $12,000
2016 $1,381 $14,300 $2,860 $11,440
2015 $1,279 $12,060 $2,410 $9,650
Source: Public Records

Agents Affiliated with this Home

  • Chase Caldwell

    Seller's Agent in 2012

    Chase Caldwell

    Caldwell and Associates, L.L.C.

    (480) 635-1245

    10 Total Sales

    Chase Caldwell
    Section Image

  • M

    Buyer's Agent in 2012

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4737204

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-11-027H

Arizona Maricopa County Phoenix 85029 North Mountain Village

1646 W Shangri la Rd, Phoenix, AZ

This home is located at 1646 W Shangri la Rd, Phoenix, AZ 85029 since 24 March 2012 and is currently estimated at $569,229, approximately $344 per square foot. This property was built in 1981. 1646 W Shangri la Rd 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

Nearby Homes