$65,000
SOLD DEC 23, 2019

18202 N Cave Creek Rd Unit 222 Phoenix, AZ 85032

Paradise Valley Neighborhood
2 Beds
2 Baths
836 Sq Ft
$266/mo HOA Fee

Recently Sold

$78 Per Sq Ft

3% Below List Price

2 Days on Market

Highlights

  • Unit is on the top floor
  • Breakfast Bar
  • Property is near a bus stop
  • Community Pool
  • No Interior Steps
  • Central Air

About This Home

As of December 2019

LUCRATIVE CASH FLOW OPPORTUNITY. Two bedroom two bath condo in up and coming development. Complex has new paint, newer parking lot, window screens and resurfaced pool. Current rents are about $800 per month which yields about a 9% cash flow after expenses. Unit has new interior paint, laminate bedroom floors, new blinds, and repainted cabinets. Water heater changed in 2018 with a warranty. Nice area on Cave Creek Rd near Union Hills. Close to shopping, the 101 and public transportation. Owner Agent

Last Agent to Sell the Property

Ronald Meronk

West USA Realty License #SA516836000 Listed on: 12/09/2019

West USA Realty

Last Buyer's Agent

John Tamayo

My Home Group Real Estate License #SA639397000

My Home Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $239

Year Built

  • Built in 1983

HOA Fees

  • $266 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 836 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Unit is on the top floor
  • Property is near a bus stop

Schools

  • Foothills Elementary School - Phoenix
  • Explorer Middle School
  • Paradise Valley High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Desert faces the front of the property

Listing and Financial Details

  • Tax Lot 222
  • Assessor Parcel Number 214-07-126

Community Details

Overview

  • Association fees include roof repair, trash, water, roof replacement, maintenance exterior
  • Peterson Company Association, Phone Number (480) 513-6846
  • Mountain Springs Terrace Condominium Subdivision

Amenities

  • Laundry Facilities
  • No Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$239

Year Built

Built in 1983

Lot Details

0

HOA Fees

$266 per month

Listing Details

  • Cross Street: Cave Creek Rd & Union Hills
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 266.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2019
  • Separate Den Office Sep Den Office: N
  • Year Built: 1983
  • Tax Year: 2019
  • Directions: South on Cave Creek from Union Hills about 1/4 mile. Complex on west side. Unit on second floor of the north east corner of the complex.
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: MOUNTAIN SPRINGS TERRACE CONDOMINIUM
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 266.0
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Breakfast Bar, No Interior Steps
  • Living Area: 836.0
  • Stories: 2
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Laundry: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Neighbor Below
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Unassigned
  • Attached Garage: No

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: None
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Bus Stop, Community Laundry
  • Association Fee: 266.0
  • Association Fee Frequency: Monthly
  • Association Name: Mountain Springs HOA
  • Phone: 480-513-6846
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Mountain Springs HOA
  • Association Fees:HOA Telephone4: 4805136846
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:HOA Management Company: Peterson Company
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Foothills Elementary School - Phoenix
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Explorer Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 84.0
  • Parcel #: 214-07-126

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 239.0
  • Tax Book Number: 214.00
  • Tax Lot: 222
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Dec 13, 2019
Sold by
Meronk Ronald
Bought by
Munoz Alejandro Amaro
Seller's Agent
Ronald Meronk
West USA Realty
Buyer's Agent
John Tamayo
My Home Group Real Estate
List Price
$67,000
Sold Price
$65,000
Premium/Discount to List
-$2,000
-2.99%
Current Estimated Value
$133,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,873
Avg. Annual Appreciation
13.74%

Purchase Details

Listed on
Sep 21, 2017
Closed on
Oct 3, 2017
Sold by
Harrison William J and Harrison Melinda E
Bought by
Meronk Ronald
Seller's Agent
Brenda Reed
Lake Pleasant Real Estate
Buyer's Agent
Ronald Meronk
West USA Realty
List Price
$49,500
Sold Price
$48,000
Premium/Discount to List
-$1,500
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%

Purchase Details

Listed on
Apr 27, 2017
Closed on
Jun 26, 2017
Sold by
Lovett Jeremy
Bought by
Harrison William J and Harrison Melinda E
Seller's Agent
Diana Creason
Sundial Real Estate
Buyer's Agent
Brenda Reed
Lake Pleasant Real Estate
List Price
$46,500
Sold Price
$40,000
Premium/Discount to List
-$6,500
-13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.77%

Purchase Details

Listed on
Feb 2, 2015
Closed on
Jun 4, 2015
Sold by
Jenkmanc Property Group Llc
Bought by
Lovett Jeremy
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Juan Mojica
eXp Realty
List Price
$36,900
Sold Price
$34,000
Premium/Discount to List
-$2,900
-7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%

Purchase Details

Listed on
Feb 2, 2015
Closed on
May 21, 2015
Sold by
Lovett Catherine
Bought by
Lovett Jeremy
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Juan Mojica
eXp Realty
List Price
$36,900
Sold Price
$34,000
Premium/Discount to List
-$2,900
-7.86%

Purchase Details

Listed on
Sep 1, 2011
Closed on
May 16, 2012
Sold by
E Investment Properties Inc
Bought by
Jenkmac Property Group Llc
Seller's Agent
Rusty Davis
Russ Lyon Sotheby's International Realty
Buyer's Agent
Theodore Sitek
Wise Choice Properties
List Price
$23,900
Sold Price
$21,900
Premium/Discount to List
-$2,000
-8.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.79%

Purchase Details

Listed on
Sep 1, 2011
Closed on
Mar 28, 2012
Sold by
18202 Cave Creek 222 Llc
Bought by
E Investment Properties Inc
Seller's Agent
Rusty Davis
Russ Lyon Sotheby's International Realty
Buyer's Agent
Theodore Sitek
Wise Choice Properties
List Price
$23,900
Sold Price
$21,900
Premium/Discount to List
-$2,000
-8.37%

Purchase Details

Closed on
Jan 26, 2011
Sold by
Gray Benjamin
Bought by
18202 Cave Creek 222 Llc

Purchase Details

Closed on
Apr 23, 2010
Sold by
G8 Capital Fund V Llc
Bought by
Gray Benjamin

Purchase Details

Closed on
Sep 22, 2009
Sold by
Hurley Kathleen J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 5, 2007
Sold by
New Mountain Springs Terrace Condo Llc
Bought by
Hurley Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,850
Interest Rate
7.12%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $65,000 Clear Title Agency Of Az
Warranty Deed $48,000 First American Title Insuran
Warranty Deed $40,000 Fidelity National Title Agen
Cash Sale Deed $34,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Cash Sale Deed $27,900 Fidelity National Title Agen
Cash Sale Deed $21,900 Fidelity Natl Title Agency I
Special Warranty Deed -- Fidelity Natl Title Agency I
Quit Claim Deed -- Lawyers Title Of Arizona Inc
Cash Sale Deed $18,000 Lawyers Title Of Arizona Inc
Trustee Deed $67,444 First American Title
Special Warranty Deed $552,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $62,850 New Conventional
Previous Owner $62,850 New Conventional
Previous Owner $344,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $65,000 -3.0% $78 / Sq Ft
12/09/2019 12/09/19 For Sale $67,000 +39.6% $80 / Sq Ft
10/09/2017 10/09/17 Sold $48,000 -3.0% $57 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $49,500 +23.8% $59 / Sq Ft
06/30/2017 06/30/17 Sold $40,000 -14.0% $48 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $46,500 +36.8% $56 / Sq Ft
06/15/2015 06/15/15 Sold $34,000 -7.9% $41 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $36,900 0.0% $44 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
03/30/2015 03/30/15 Price Changed $36,900 -7.5% $44 / Sq Ft
02/02/2015 02/02/15 For Sale $39,900 +33.0% $48 / Sq Ft
03/18/2014 03/18/14 Sold $30,000 -14.3% $36 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
12/20/2013 12/20/13 Price Changed $35,000 -12.3% $42 / Sq Ft
08/08/2013 08/08/13 For Sale $39,900 +82.2% $48 / Sq Ft
04/05/2012 04/05/12 Sold $21,900 0.0% $26 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
02/27/2012 02/27/12 Price Changed $21,900 -2.2% $26 / Sq Ft
01/22/2012 01/22/12 Price Changed $22,400 -2.2% $27 / Sq Ft
12/27/2011 12/27/11 Price Changed $22,900 -4.2% $27 / Sq Ft
12/04/2011 12/04/11 Price Changed $23,900 0.0% $29 / Sq Ft
12/02/2011 12/02/11 For Sale $23,900 +9.1% $29 / Sq Ft
10/06/2011 10/06/11 Off Market $21,900 -- --
09/01/2011 09/01/11 For Sale $24,900 -- $30 / 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 $253 $2,540 -- --
2024 $248 $2,419 -- --
2023 $248 $8,410 $1,680 $6,730
2022 $245 $6,020 $1,200 $4,820
2021 $246 $5,470 $1,090 $4,380
2020 $238 $5,280 $1,050 $4,230
2019 $239 $4,900 $980 $3,920
2018 $231 $3,850 $770 $3,080
2017 $221 $3,130 $620 $2,510
2016 $217 $2,880 $570 $2,310
2015 $201 $2,150 $430 $1,720
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ronald Meronk

    West USA Realty

    (480) 209-7344

    1 in this area

    13 Total Sales

    Section Image
  • John Tamayo

    Buyer's Agent in 2019

    John Tamayo

    My Home Group

    (623) 986-4200

    1 in this area

    254 Total Sales

    Section Image
  • Brenda Reed

    Seller's Agent in 2017

    Brenda Reed

    Lake Pleasant Real Estate

    (602) 909-4405

    140 Total Sales

    Section Image

  • D

    Seller's Agent in 2017

    Diana Creason

    Sundial Real Estate

    (480) 966-2170

    12 Total Sales

    Section Image
  • Pat Hune

    Seller's Agent in 2015

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    1 in this area

    63 Total Sales

    Section Image
  • Juan Mojica

    Buyer's Agent in 2015

    Juan Mojica

    eXp Realty

    (602) 687-0628

    25 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6012927

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-07-126

Arizona Maricopa County Phoenix 85022 Paradise Valley

18202 N Cave Creek Rd Unit 222, Phoenix, AZ

This home is located at 18202 N Cave Creek Rd Unit 222, Phoenix, AZ 85032 and is currently priced at $65,000, approximately $77 per square foot. This property was built in 1983. 18202 N Cave Creek Rd Unit 222 is a home located in Maricopa County with nearby schools including Echo Mountain Primary School, Echo Mountain Intermediate School, and Vista Verde Middle 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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