NOT LISTED FOR SALE

2020 W Cactus Rd Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $508,000 - $674,523

-- Bed
-- Bath
3,600 Sq Ft
$164/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $665,000 $185 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,492/month

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Thunderbird High School Rated A-

About This Home

As of November 2023

A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. Extensively remodeled in 2020 with new flooring, new kitchen cabinets and appliances, new vanities, tubs and toilets popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owner 4 plex buildings. Units C and D have private small fenced yards. Roof was new in 2018 and unit B and C had new AC units installed in 2019. 100% occupied at below market rates. All tenants are month to month so rents can be raised. Market rents indicate a $1250-$1350 per month rate is possible., making the CAP rate a terrific 7%+. Community laundry. NO HOA! For owner occupants there is a fully ASSUMABLE FHA loan with a fixed rate of 2.99%!

Last Agent to Sell the Property

Jeffery Chesleigh

HomeSmart License #SA014098000 Listed on: 09/07/2023

HomeSmart

Last Buyer's Agent

Max Patton

Realty ONE Group License #SA688621000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,668

Year Built

  • Built in 1963

Lot Details

  • 9,583

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Schools

  • Shaw Butte Elementary School
  • Washington Elementary School - Phoenix Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 149-04-016

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unlnown
  • Garden Villas Subdivision

Building Details

  • Operating Expense $9,394
  • Gross Income $41,400
  • Net Operating Income $32,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,668

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 19th Avenue and Cactus Rd.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2022
  • Directions: From I-17 head east on Cactus to Garden Villas on the north side of the road just before 19th Ave.
  • Road Surface Type: Asphalt
  • Subdivision Name: Garden Villas
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes

Fee Information

  • Trash Expense: 1680.0
  • Annual Water Sewer Expense: 1761.0

Schools

  • Elementary School: Shaw Butte School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: Unlnown
  • Additional Parcels: No
  • Parcel #: 149-04-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 41400.0
  • Insurance Expense: 4285.0
  • Property Net Operating Income: 32006.0
  • Annual Operating Expense: 9394.0

Tax Info

  • Tax Annual Amount: 1668.0
  • Tax Book Number: 149.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Dec 22, 2020
Sold by
Cactus Plex 1 Llc
Bought by
Sayles Sean J
Seller's Agent
Lisa Miguel
West USA Realty
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$480,000
Sold Price
$485,000
Premium/Discount to List
$5,000
1.04%
Current Estimated Value
$605,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,793
Avg. Annual Appreciation
4.43%
Original Mortgage
$435,215
Interest Rate
2.6%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 8, 2017
Closed on
Mar 30, 2018
Sold by
Cole Richard J
Bought by
Cactus Plex 1 Llc
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$267,700
Sold Price
$257,700
Premium/Discount to List
-$10,000
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.29%
Original Mortgage
$193,016
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2017
Closed on
Feb 5, 2018
Sold by
Barnes Jeffrey and Barnes Natalie
Bought by
Cole Richard J
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$267,700
Sold Price
$257,700
Premium/Discount to List
-$10,000
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,016
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2014
Sold by
Barnes Jeffrey
Bought by
Barnes Jeffrey and Barnes Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,100
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2009
Sold by
Barnes Natalie
Bought by
Barnes Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2009
Sold by
Bowen John
Bought by
Barnes Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2006
Sold by
Elkhorn Properties Llc
Bought by
Bowen John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,900
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2006
Sold by
Mello Gina
Bought by
Bowen John

Purchase Details

Closed on
May 13, 2005
Sold by
Gonzalez Sandra A
Bought by
Elkhorn Properties Llc

Purchase Details

Closed on
Feb 21, 2005
Sold by
Gonzalez Marco Anthony
Bought by
Gonzalez Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 17, 2004
Sold by
Kliegl Jerald J and Kliegl Yachodara
Bought by
Davi Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2004
Sold by
Ameetec Systems Llc
Bought by
Kliegl Jerald J and Kliegl Yachodara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,637
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2001
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Mee John M and Mee Grace W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sayles Sean J $462,000 Driggs Title Agency Inc
Cactus Plex 1 Llc -- None Available
Cole Richard J $257,354 Chicago Title Agency Inc
Barnes Jeffrey -- First Arizona Title Agency
Barnes Jeffrey S -- Chicago Title
Barnes Jeffrey $105,000 Chicago Title
Bowen John $379,900 Capital Title Agency Inc
Bowen John -- Capital Title Agency Inc
Elkhorn Properties Llc -- --
Gonzalez Sandra A -- Capital Title Agency Inc
Gonzalez Sandra A $320,000 Capital Title Agency Inc
Davi Gary $265,000 Capital Title Agency Inc
Kliegl Jerald J $212,250 Capital Title Agency Inc
Mee John M $186,000 Stewart Title & Trust Phoeni
Mee Warren H -- Stewart Title & Trust Phoeni
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sayles Sean J $435,215
Previous Owner Cole Richard J $193,016
Previous Owner Barnes Jeffrey $117,000
Previous Owner Barnes Jeffrey $100,100
Previous Owner Barnes Jeffrey $78,750
Previous Owner Bowen John $303,900
Previous Owner Gonzalez Sandra A $64,000
Previous Owner Gonzalez Sandra A $224,000
Previous Owner Davi Gary $185,500
Previous Owner Kliegl Jerald J $201,637
Previous Owner Mee John M $148,800
Closed Mee John M $33,333
Closed Davi Gary $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Sold $665,000 -4.9% $185 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $699,500 +44.2% $194 / Sq Ft
02/16/2021 02/16/21 Sold $485,000 +1.0% $135 / Sq Ft
02/11/2021 02/11/21 For Sale $480,000 0.0% $133 / Sq Ft
02/11/2021 02/11/21 Price Changed $480,000 0.0% $133 / Sq Ft
12/04/2020 12/04/20 Price Changed $480,000 -3.8% $133 / Sq Ft
10/20/2020 10/20/20 For Sale $499,000 +93.6% $139 / Sq Ft
02/08/2018 02/08/18 Sold $257,700 -3.7% $72 / Sq Ft
12/05/2017 12/05/17 Price Changed $267,700 0.0% $74 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $267,700 -- $74 / 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 $1,757 $14,363 -- --
2024 $1,725 $13,679 -- --
2023 $1,725 $38,310 $7,660 $30,650
2022 $1,668 $26,460 $5,290 $21,170
2021 $1,690 $24,810 $4,960 $19,850
2020 $1,648 $22,810 $4,560 $18,250
2019 $1,618 $19,930 $3,980 $15,950
2018 $1,575 $16,300 $3,260 $13,040
2017 $1,567 $15,270 $3,050 $12,220
2016 $1,539 $14,760 $2,950 $11,810
2015 $1,425 $14,450 $2,890 $11,560
Source: Public Records

Agents Affiliated with this Home

  • Jeffery Chesleigh

    Seller's Agent in 2023

    Jeffery Chesleigh

    HomeSmart

    (480) 399-3480

    4 in this area

    124 Total Sales

    Section Image
  • Max Patton

    Buyer's Agent in 2023

    Max Patton

    Realty One Group

    (480) 703-6953

    1 in this area

    49 Total Sales

    Section Image
  • Lisa Miguel

    Seller's Agent in 2021

    Lisa Miguel

    West USA Realty

    (480) 444-6058

    2 in this area

    139 Total Sales

    Section Image

  • J

    Seller's Agent in 2018

    Jake Allen

    Tradelands Realty

    (480) 610-6833

    47 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6601899

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-04-016

Arizona Maricopa County Phoenix 85029 North Mountain Village

2020 W Cactus Rd, Phoenix, AZ

This home is located at 2020 W Cactus Rd, Phoenix, AZ 85029 since 07 September 2023 and is currently estimated at $588,631, approximately $163 per square foot. This property was built in 1963. 2020 W Cactus Rd is a home located in Maricopa County with nearby schools including Shaw Butte School, Mountain Sky Jr. High School, and Thunderbird 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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