NOT LISTED FOR SALE

1916 N 72nd Place Scottsdale, AZ 85257

South Scottsdale Neighborhood

Estimated Value: $614,019 - $1,078,000

-- Bed
-- Bath
1,936 Sq Ft
$437/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $280,000 $145 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $4,536/month

124 Days on Market

Highlights

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

About This Home

As of November 2014

Outstanding opportunity to own an investment property in prime Scottsdale location. Newly painted solid block construction and complete, quality interior remodel of the 2bd unit and one of the 1bd units including granite countertops, new porcelain tile, new bathroom vanities, fixtures and new appliances. Current NOI for this property is $20,901. There is a garage currently rented with the upgraded 1 bed unit, but could be rented with any of the units, or converted into an efficiency. All units include private block yard, and covered parking. Extensive maintenance and updates include recent replacement of all electrical panels, new fencing, and much more. Excellent location close to the metro stop,& located away from higher concentration of multi family properties means great rent rates. Low maintenance a€“ 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

Aza Wintersieck

Keller Williams Realty Sonoran Living License #SA636227000 Listed on: 07/02/2014

Last Buyer's Agent

Dana Dearien

Montebello Fine Properties License #BR528459000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $760

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 1
  • Assessor Parcel Number 131-18-001

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8392 FT
  • Scottsdale Estates Subdivision

Building Details

  • Operating Expense $6,079
  • Gross Income $26,220
  • Net Operating Income $20,901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$760

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: F/S Oven/Range
  • Appliances Included:FS OvenRange: 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: 8392 FT
  • Additional Parcels: Yes
  • Parcel #: 131-18-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 26220.0
  • Insurance Expense: 1488.0
  • Maintenance Expense: 1311.0
  • Property Net Operating Income: 20901.0
  • Annual Operating Expense: 6079.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 760.0
  • Tax Book Number: 131.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2014
Closed on
Nov 20, 2014
Sold by
Iron Rock Properties Llc
Bought by
Weller Sasha and Weller Jill
Seller's Agent
Aza Wintersieck
Keller Williams Realty Sonoran Living
Buyer's Agent
Dana Dearien
Montebello Fine Properties
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%
Current Estimated Value
$846,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,005
Avg. Annual Appreciation
10.49%
Original Mortgage
$210,000
Outstanding Balance
$161,459
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$684,546

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 and Wilson Darrell L

Purchase Details

Closed on
Mar 22, 2007
Sold by
Wilson Paul B
Bought by
Wilson Paul B and Wilson Darrell L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Weller Sasha $280,000 Driggs Title Agency Inc
Boulder Canyon Llc $355,000 Great American Title Agency
Paul B & Julianne M Wilson Trust -- None Available
Wilson Paul B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weller Sasha $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2014 11/26/14 Sold $280,000 -1.8% $145 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $285,000 -- $147 / 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 $1,083 $15,175 -- --
2024 $1,024 $14,452 -- --
2023 $1,024 $55,160 $11,030 $44,130
2022 $972 $37,580 $7,510 $30,070
2021 $1,032 $33,870 $6,770 $27,100
2020 $1,023 $28,920 $5,780 $23,140
2019 $992 $25,160 $5,030 $20,130
2018 $958 $22,360 $4,470 $17,890
2017 $912 $22,620 $4,520 $18,100
2016 $891 $17,120 $3,420 $13,700
2015 $848 $13,850 $2,770 $11,080
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Aza Wintersieck

    Keller Williams Realty Sonoran Living

  • Dana Dearien

    Buyer's Agent in 2014

    Dana Dearien

    Montebello Fine Properties

    (602) 697-5139

    6 in this area

    102 Total Sales

    Dana Dearien
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5139094

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-18-001

Arizona Maricopa County Scottsdale 85257 South Scottsdale

1916 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

Nearby Homes