NOT LISTED FOR SALE

1910 N 72nd Place Scottsdale, AZ 85257

South Scottsdale Neighborhood

Estimated Value: $675,000 - $1,194,000

-- Bed
4 Baths
1,750 Sq Ft
$561/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $280,000 $160 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $5,262/month

31 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Pima Elementary School Rated A-

About This Home

As of August 2014

Outstanding opportunity to own a total of 4 units in prime Scottsdale location. Newly painted solid block construction and complete, quality interior remodel of the 2 bed unit and one of the 1 bed units including granite countertops, new porcelain tile, new bathroom vanities, fixtures and new appliances. Current NOI for this property is $23,135. The other 1 bed unit, and the efficiency unit have not been updated and have long time tenants, and are rented month to month for below market rents. All units include private block yard spaces, and covered parking. Low maintenance – DO NOT Disturb Tenants. Close to Fashion Square, Scottsdale Community College, ASU, and all that Downtown Scottsdale has to offer.

Last Agent to Sell the Property

Kelly Darling

eXp Realty License #SA633231000 Listed on: 07/02/2014

eXp Realty

Co-Listed By

Aza Wintersieck

Keller Williams Realty Sonoran Living License #SA636227000

Last Buyer's Agent

Morfia Apostolis

eXp Realty License #SA638593000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $902

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Tonalea K-8 Elementary School
  • Supai Middle School
  • Coronado Elementary High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 131-18-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 8200 FT
  • Scottsdale Estates Subdivision

Building Details

  • Operating Expense $6,150
  • Gross Income $26,584
  • Net Operating Income $22,135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$902

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Rd & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Professional Management Expense: 600.0
  • Co List Office Mls Id: kwsl02
  • Co List Office Phone: 480-948-3338
  • Subdivision Name: SCOTTSDALE ESTATES
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved Parking, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, 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

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Tonalea K-8
  • High School: Coronado Elementary School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Supai Middle School

Lot Info

  • Lot Size: 8200 FT
  • Additional Parcels: Yes
  • Parcel #: 131-18-002

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 26583.85
  • Insurance Expense: 1359.0
  • Maintenance Expense: 1369.0
  • Property Net Operating Income: 22135.0
  • Annual Operating Expense: 6150.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 902.0
  • Tax Book Number: 131.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2014
Closed on
Aug 14, 2014
Sold by
Iron Rock Properties Llc
Bought by
The Afsa Family Trust
Seller's Agent
Kelly Darling
eXp Realty
Buyer's Agent
Morfia Apostolis
eXp Realty
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%
Current Estimated Value
$980,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,938
Avg. Annual Appreciation
11.67%

Purchase Details

Closed on
Jul 1, 2013
Sold by
Boulder Canyon Llc
Bought by
Iron Rock Properties Llc

Purchase Details

Closed on
Jun 14, 2013
Sold by
Wilson Paul B and Wilson Julianne M
Bought by
Boulder Canyon Llc

Purchase Details

Closed on
Aug 17, 2011
Sold by
Wilson Paul B and Wilson Darrell L
Bought by
Paul B & Julianne M Wilson Trust

Purchase Details

Closed on
Oct 1, 2001
Sold by
The Wilson Family Trust
Bought by
Wilson Luramae and The Wilson Family Trust

Purchase Details

Closed on
Aug 18, 1997
Sold by
Wilson Floyd E and Wilson Luramae B
Bought by
Wilson Floyd E and Wilson Luramae
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
The Afsa Family Trust $280,000 Driggs Title Agency Inc
Iron Rock Properties Llc -- None Available
Boulder Canyon Llc $355,000 Great American Title Agency
Paul B & Julianne M Wilson Trust -- None Available
Wilson Luramae -- --
Wilson Floyd E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2014 08/15/14 Sold $280,000 -5.1% $160 / Sq Ft
08/02/2014 08/02/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $295,000 -- $169 / 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 $1,295 $18,147 -- --
2024 $1,225 $17,283 -- --
2023 $1,225 $66,760 $13,350 $53,410
2022 $1,163 $45,000 $9,000 $36,000
2021 $1,234 $39,170 $7,830 $31,340
2020 $1,224 $32,700 $6,540 $26,160
2019 $1,186 $28,330 $5,660 $22,670
2018 $1,145 $25,330 $5,060 $20,270
2017 $1,090 $26,430 $5,280 $21,150
2016 $1,065 $20,050 $4,010 $16,040
2015 $1,014 $16,160 $3,230 $12,930
Source: Public Records

Agents Affiliated with this Home

  • Kelly Darling

    Seller's Agent in 2014

    Kelly Darling

    eXp Realty

    (480) 442-5474

    Kelly Darling
    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Aza Wintersieck

    Keller Williams Realty Sonoran Living

  • Morfia Apostolis

    Buyer's Agent in 2014

    Morfia Apostolis

    eXp Realty

    (480) 322-6404

    2 in this area

    109 Total Sales

    Morfia Apostolis
    Section Image

  • E

    Buyer's Agent in 2014

    Efmorfia Apostolis

    Keller Williams Arizona Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5139093

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-18-002

Arizona Maricopa County Scottsdale 85257 South Scottsdale

1910 N 72nd Place, Scottsdale, AZ

Not Listed for Sale

MultiFamily

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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