NOT LISTED FOR SALE

18017 N 40th Place Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $764,093 - $866,000

1 Bed
-- Bath
3,472 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $416,000 $120 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,486/month

60 Days on Market

Highlights

  • Cooling Available
  • Whispering Wind Academy Rated A-
  • Heating Available

About This Home

As of October 2017

Seller is motivated bring your offer's now! This building is the heart of Phoenix and super close to Pardise Valley! Newer construction and all 2 bedroom and bath units. All have washer and dryer hookups. Rents have never been raised month to month leases at 635. Market rent is 800 plus. Self managed out of state. Financial information will be limited. Drive by only tenant filled. All facts and figures are approximate buyer verify info.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 07/11/2017

Last Buyer's Agent

Eric Fellows

Realty ONE Group License #SA538075000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,606

Year Built

  • Built in 2006

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 215-16-079

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $8,412
  • Gross Income $36,480
  • Net Operating Income $28,068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,606

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Union Hills & 40th Place
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 2006
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: 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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1500.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 215-16-079

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 36480.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 28068.0
  • Annual Operating Expense: 8412.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1606.0
  • Tax Book Number: 215.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2017
Closed on
Oct 25, 2017
Sold by
Nejad Kouroush
Bought by
Coronado Arturo O and Coronado Mary Rose P
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Eric Fellows
Realty ONE Group
List Price
$420,000
Sold Price
$416,000
Premium/Discount to List
-$4,000
-0.95%
Current Estimated Value
$819,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,023
Avg. Annual Appreciation
8.85%
Original Mortgage
$291,200
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2006
Sold by
Aston Jim R
Bought by
Nejad Kouroush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,250
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2006
Sold by
Aston Ina L
Bought by
Aston Jim R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.28%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 24, 2005
Sold by
Allen Robert Zachery
Bought by
Aston James R and Aston Ina L

Purchase Details

Closed on
Jun 14, 2004
Sold by
Ashworth Martha
Bought by
Allen Robert Zachary

Purchase Details

Closed on
May 21, 2002
Sold by
Ashworth Maynard R
Bought by
Ashworth Martha

Purchase Details

Closed on
Mar 26, 2002
Sold by
Lieurance Wright & Ray Pc
Bought by
Suiter Robert L
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
Coronado Arturo O $416,000 Roc Title Agency Llc
Nejad Kouroush $468,000 Scottsdale Title Co Llc
Aston Jim R -- Transnation Title Ins Co
Aston James R -- --
Allen Robert Zachary $65,000 Transnation Title
Ashworth Martha -- Security Title Agency
Ashworth Martha $39,900 Security Title Agency
Suiter Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coronado Arturo O $291,200
Previous Owner Nejad Kouroush $350,250
Previous Owner Aston Jim R $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2017 10/27/17 Sold $416,000 -1.0% $120 / Sq Ft
07/10/2017 07/10/17 For Sale $420,000 -- $121 / 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 $1,867 $18,758 -- --
2024 $1,828 $17,865 -- --
2023 $1,828 $54,610 $10,920 $43,690
2022 $1,810 $42,380 $8,470 $33,910
2021 $1,815 $39,550 $7,910 $31,640
2020 $1,759 $38,360 $7,670 $30,690
2019 $1,761 $30,550 $6,110 $24,440
2018 $1,703 $26,900 $5,380 $21,520
2017 $1,633 $25,210 $5,040 $20,170
2016 $1,606 $21,560 $4,310 $17,250
2015 $1,487 $27,060 $5,410 $21,650
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    83 Total Sales

    Sophia Baron
    Section Image
  • Eric Fellows

    Buyer's Agent in 2017

    Eric Fellows

    Realty One Group

    (480) 406-5883

    6 in this area

    49 Total Sales

    Eric Fellows
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5631307

Arizona Regional Multiple Listing Service (ARMLS)

APN: 215-16-079

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

18017 N 40th Place, Phoenix, AZ

This home is located at 18017 N 40th Place, Phoenix, AZ 85032 since 11 July 2017 and is currently estimated at $819,023, approximately $235 per square foot. This property was built in 2006. 18017 N 40th Place is a home located in Maricopa County with nearby schools including Whispering Wind Academy, Sunrise Middle School, and Paradise Valley 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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