NOT LISTED FOR SALE

1703 W Mountain View Rd Phoenix, AZ 85021

North Mountain Village Neighborhood
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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

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

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

  • Mitchell Drake

    Seller's Agent in 2023

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    3 in this area

    30 Total Sales

    Mitchell Drake
    Section Image
  • Puneet Chawla

    Buyer's Agent in 2023

    Puneet Chawla

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 327-8427

    1 in this area

    33 Total Sales

    Puneet Chawla
    Section Image

  • S

    Seller's Agent in 2016

    Scott Trevey

    REI Marketing

  • R

    Buyer's Agent in 2016

    Robert Dermer

    Century 21-Towne & Country

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6551334

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85021 North Mountain Village

1703 W Mountain View Rd, Phoenix, AZ

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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