NOT LISTED FOR SALE

1702 W Shangri la Rd Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $358,126 - $502,000

-- Bed
-- Bath
2,100 Sq Ft
$212/Sq Ft Est. Value

Last Sold September 29, 2015

Last sale price $161,500 $77 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $2,469/month

62 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of September 2015

The newest property in the area build in 2001 a nice triplex, well maintained in very good condition noi of $1100 per month with a cap 8+. Do you want a good investment with a $700 rate per month , well this is it

Last Agent to Sell the Property

Archie Fisher

American Realty Brokers License #SA023498000 Listed on: 07/01/2015

American Realty Brokers

Last Buyer's Agent

Bill Scheidt

PMI East Valley License #BR649356000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $992

Year Built

  • Built in 2001

Lot Details

  • 8,146

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Glendale High Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 159-12-046

Community Details

Overview

  • 3 Units
  • Building Dimensions are 102X108

Building Details

  • Operating Expense $5,112
  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$992

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Peoria
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 2001
  • Tax Year: 2014
  • Directions: N on 19th Ave & Peoria, about 5 blocks N of Peoria is Shangri-la Rd, E on Shangri-la for 2 blocks NW corner of Shangri-la & 17th ave.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 1100.0
  • Annual Water Sewer Expense: 1100.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • Middle Or Junior School: Glendale High School

Lot Info

  • Lot Size: 102X108
  • Additional Parcels: No
  • Parcel #: 159-12-046

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 80.0
  • Insurance Expense: 440.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 13200.0
  • Annual Operating Expense: 5112.0

Tax Info

  • Tax Annual Amount: 992.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2015
Closed on
Sep 24, 2015
Sold by
Fisher Archie R and Fisher Mary E
Bought by
Lagrant Enterprises Llc
Seller's Agent
Archie Fisher
American Realty Brokers
Buyer's Agent
Bill Scheidt
PMI East Valley
List Price
$169,900
Sold Price
$161,500
Premium/Discount to List
-$8,400
-4.94%
Current Estimated Value
$445,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,032
Avg. Annual Appreciation
10.61%

Purchase Details

Closed on
Jul 2, 2015
Sold by
Home Investment Properties Ii
Bought by
Fisher Archie R and Fisher Mary E

Purchase Details

Closed on
Dec 29, 2006
Sold by
Home Investment Properties Ii
Bought by
Fisher Archie R and Fisher Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
May 31, 2000
Sold by
Fisher Archie R and Fisher Mary E
Bought by
City Of Phoenix
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
Lagrant Enterprises Llc $160,800 Magnus Title Agency Llc
Fisher Archie R -- None Available
Fisher Archie R -- Premier Title Group Maricopa
City Of Phoenix -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2015 09/29/15 Sold $161,500 -4.9% $77 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $169,900 -- $81 / 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 $1,177 $9,625 -- --
2024 $1,156 $9,167 -- --
2023 $1,156 $34,160 $6,830 $27,330
2022 $1,118 $24,110 $4,820 $19,290
2021 $1,132 $20,410 $4,080 $16,330
2020 $1,104 $18,710 $3,740 $14,970
2019 $1,084 $16,480 $3,290 $13,190
2018 $1,056 $13,830 $2,760 $11,070
2017 $1,050 $11,100 $2,220 $8,880
2016 $1,031 $10,610 $2,120 $8,490
2015 $955 $8,760 $1,750 $7,010
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Archie Fisher

    American Realty Brokers

    Section Image

  • B

    Buyer's Agent in 2015

    Bill Scheidt

    PMI East Valley

    12 Total Sales

    Bill Scheidt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5301516

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-12-046Q

Arizona Maricopa County Phoenix 85029 North Mountain Village

1702 W Shangri la Rd, Phoenix, AZ

This home is located at 1702 W Shangri la Rd, Phoenix, AZ 85029 since 01 July 2015 and is currently estimated at $445,532, approximately $212 per square foot. This property was built in 2001. 1702 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

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