NOT LISTED FOR SALE

1716 W Shangri la Rd Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $616,000 - $644,000

4 Beds
-- Bath
3,220 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $565,000 $175 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,464/month

162 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of January 2023

This value-add Fourplex is located in Sunnyslope on Shangri-La Rd and 17th Avenue, about 3 miles from Sunnyslope High School and 1.7 miles from Interstate 17 Freeways. The property consists of four two-bedroom, one-bathroom units on a 10,759 SF lot. Each unit has its own private patio space and is separately metered for electricity. Current tenants pay $800 per month. The building is master metered for water with an average cost of $250 per month. DO NOT DISTURB TENANTS. DRIVE-BY ONLY.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 06/29/2022

Co-Listed By

Zachary Coty

R.O.I. Properties License #SA697361000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 159-12-046-N

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50 x ±215.33

Building Details

  • Operating Expense $1,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,248

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: 19th Ave and Peoria Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2021
  • Directions: From Peoria Ave head East on 19th Ave. Turn left on Shangri-La Rd and the property is located on the left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Tax Parcel Letter: N
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 50 x ±215.33
  • Additional Parcels: No
  • Parcel #: 159-12-046-N

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1248.0

Tax Info

  • Tax Annual Amount: 1248.0
  • Tax Book Number: 159.00
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jan 9, 2023
Sold by
Applied Investments Llc
Bought by
Yousif Gina T and Levin Jeffrey
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$750,000
Sold Price
$565,000
Premium/Discount to List
-$185,000
-24.67%
Views
18
Current Estimated Value
$630,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,409
Avg. Annual Appreciation
4.08%
Original Mortgage
$423,750
Outstanding Balance
$410,597
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$219,812

Purchase Details

Closed on
Aug 27, 2014
Sold by
Marcus Narcis and Marcus Monica
Bought by
Applied Investments Llc

Purchase Details

Closed on
Sep 4, 2002
Sold by
Englund William A
Bought by
Marcus Narcis and Marcus Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
6.37%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yousif Gina T $565,000 Pioneer Title
Applied Investments Llc $125,246 None Available
Marcus Narcis $167,850 American Title Ins Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yousif Gina T $423,750
Previous Owner Marcus Narcis $151,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2023 01/09/23 Sold $565,000 -13.1% $175 / Sq Ft
01/05/2023 01/05/23 Price Changed $650,000 0.0% $202 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
11/18/2022 11/18/22 Price Changed $650,000 -13.3% $202 / Sq Ft
11/18/2022 11/18/22 For Sale $750,000 +32.7% $233 / Sq Ft
11/16/2022 11/16/22 Off Market $565,000 -- --
06/29/2022 06/29/22 For Sale $750,000 -- $233 / 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 $1,297 $10,604 -- --
2024 $1,273 $10,099 -- --
2023 $1,273 $49,020 $9,800 $39,220
2022 $1,232 $34,580 $6,910 $27,670
2021 $1,248 $28,460 $5,690 $22,770
2020 $1,217 $24,730 $4,940 $19,790
2019 $1,194 $21,520 $4,300 $17,220
2018 $1,163 $17,970 $3,590 $14,380
2017 $1,157 $14,710 $2,940 $11,770
2016 $1,136 $13,970 $2,790 $11,180
2015 $1,052 $10,510 $2,100 $8,410
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image

  • Z

    Seller Co-Listing Agent in 2023

    Zachary Coty

    R.O.I. Properties

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6426086

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-12-046N

Arizona Maricopa County Phoenix 85029 North Mountain Village

1716 W Shangri la Rd, Phoenix, AZ

This home is located at 1716 W Shangri la Rd, Phoenix, AZ 85029 since 29 June 2022 and is currently estimated at $630,409, approximately $195 per square foot. This property was built in 1970. 1716 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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