NOT LISTED FOR SALE
24 Beds
-- Bath
1,150 Sq Ft
1982 Built

Sale Details

Date Sold: August 21, 2023

Last sale price $2,266,000 $1,970 Per Sq Ft

19 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Sunnyslope High School Rated A

About This Home

As of August 2023

16-unit apartment community located at 1703 West Mountain View Road in Phoenix, AZ. Situated in the sought-after Mountain View Acres subdivision of Phoenix. Constructed in 1982, the building features (8) 1-bedroom / 1-bathroom and (8) 2-bedroom / 1-bathroom units. The asset includes (3) fully renovated units and (13) classic units with potential for upgrades. The apartment community provides parking for each unit and on-site laundry facilities.
The location is minutes away from North Mountain, known for its numerous hiking trails, and within walking distance of the Arizona Canal Trail. Moreover, Mountain View Apartments is also conveniently located close to the I-17 Highway and is within biking distance to the 19th Avenue and Dunlap light rail station.

Last Agent to Sell the Property

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 05/02/2023

Last Buyer's Agent

Puneet Chawla

Better Homes & Gardens Real Estate SJ Fowler License #SA664712000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,214

Year Built

  • Built in 1982

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, sewer, landscaping
  • Legal Lot and Block 12 / 1
  • Assessor Parcel Number 158-21-074

Community Details

Overview

  • 16 Units
  • Building Dimensions are 10,600
  • Idle Ease Subdivision

Building Details

  • Operating Expense $4,214
  • Gross Income $593,520
  • Net Operating Income $195,118

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,214

Year Built

Built in 1982

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: IDLE EASE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 10,600
  • Additional Parcels: Yes
  • Parcel #: 158-21-074

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Annual Gross Income: 593520.0
  • Property Net Operating Income: 195118.0
  • Annual Operating Expense: 4214.0
  • Vacancy Allowance Rate: 3.5

Tax Info

  • Tax Annual Amount: 4214.0
  • Tax Block: 1
  • Tax Book Number: 158.00
  • Tax Lot: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Aug 21, 2023
Sold by
Bought by
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Puneet Chawla
Better Homes & Gardens Real Estate SJ Fowler
List Price
$2,560,000
Sold Price
$2,266,000
Premium/Discount to List
-$294,000
-11.48%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,662,000
Interest Rate
0.0681%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,000
Interest Rate
0.0416%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
0.046%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 16, 2015
Closed on
May 10, 2016
Sold by
Bought by
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Robert Dermer
Century 21-Towne & Country
List Price
$872,000
Sold Price
$830,000
Premium/Discount to List
-$42,000
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
0.0371%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.0381%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 13, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0408%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,266,000 American Title Service Agency
$2,320,000 Chicago Title
$975,000 Chicago Title Agency Inc
$830,000 American Title Svc Agency Ll
$500,000 Great Amer Title Agency Inc
$550,000 American Title Svc Agency Ll
$684,000 American Title Svc Agency Ll
$450,000 Chicago Title Agency Inc
-- None Available
$270,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,662,000
Previous Owner $1,856,000
Previous Owner $731,250
Previous Owner $581,000
Previous Owner $120,000
Previous Owner $547,200
Previous Owner $547,200
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2023 08/21/23 Sold $2,266,000 -11.5% $1,970 / Sq Ft
07/11/2023 07/11/23 Price Changed $2,560,000 0.0% $2,226 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $2,560,000 +208.4% $2,226 / Sq Ft
05/13/2016 05/13/16 Sold $830,000 -4.8% $722 / Sq Ft View Prior Sale
03/16/2016 03/16/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $872,000 -- $758 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,610 $36,276
2024 $4,356 $34,549
2023 $4,356 $148,560 $23,660 $124,900
2022 $4,214 $111,960 $17,830 $94,130
2021 $4,268 $89,900 $14,320 $75,580
2020 $4,162 $76,590 $12,200 $64,390
2019 $4,086 $67,180 $10,700 $56,480
2018 $3,979 $52,940 $8,430 $44,510
2017 $3,959 $50,490 $8,040 $42,450
2016 $3,887 $44,950 $7,160 $37,790
2015 $3,600 $35,930 $5,720 $30,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6551334

Arizona Regional Multiple Listing Service (ARMLS)
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