NOT LISTED FOR SALE

2037 W Cypress St Phoenix, AZ 85009

Encanto-Palmcroft Neighborhood

Estimated Value: $389,137 - $493,000

4 Beds
3 Baths
1,375 Sq Ft
$315/Sq Ft Est. Value

Last Sold April 24, 2012

Last sale price $87,000 $63 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $2,376/month

11 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Multiple Heating Units
  • Maie Bartlett Heard Elementary School Rated 9+
  • Garage

About This Home

As of April 2012

Main house with 2 apartments in the back, in exceptionally good condition. Well cared for by owners for the last 22 years. Main house has 2 bedrooms - 1 bath. Each aparment has 1 bedroom - 1 bath. Main house has inside laundry. Apartments share laundry facility. Roof replaced less than a year ago. The 3 A/C units are all under 5 years old. Short sale opportunity.

Last Agent to Sell the Property

Gordon Baker

RE/MAX Alliance Group License #SA536186000 Listed on: 01/30/2012

RE/MAX Alliance Group

Last Buyer's Agent

Denise Pruitt

Arizona Best Real Estate License #SA531758000

Arizona Best Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $921

Year Built

  • Built in 1941

Lot Details

  • 5,881

Home Design

  • Composition Shingle Roof

Flooring

  • Wood
  • Painted or Stained Flooring
  • Carpet

Parking

  • Garage
  • Assigned Parking

Schools

  • Maie Bartlett Heard Elementary School
  • Central High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Additional Features

  • Oven or Range
  • Washer and Dryer Hookup

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $829 per year Dock Fee
  • 3 Units
  • Building Dimensions are 95' x 62'

Building Details

  • Insurance Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$921

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: BI Oven/Range, W/D Hookup
  • Construction Finish: Painted
  • Cross Street: McDowell Rd. and 19th Ave.
  • Floors: Carpet, Wood
  • Legal Info Lot Number: 7
  • Legal Info Range: 2E
  • Legal Info Section: 36
  • Legal Info Township: 2N
  • Other Type: House + Rental Units
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 1700
  • Marketing Name: 2 Bedrm House+2 Apartmnts
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 2.00
  • Map Code Grid: P33
  • Year Built: 1941
  • Tax Year: 2011
  • Directions: North on 19th Ave. to Monte Vista Rd. West on Monte Vista Rd. to 21st. Ave. North on Monte Vista Rd. to Cypress. House on corner of 21st. Ave and Cypress.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Shutters, Unfurnished

Exterior Features

  • Exterior Amenities: Landscape Wtr System
  • Roofing: Comp Shingle

Garage/Parking

  • Parking: 1 Space/Unit, Assigned, Garage
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 2.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Cooling: 2 or More Units, Electric
  • Heating: 2 or More Units, Electric, Heat Pump

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Maie Bartlett Heard School
  • Middle School: Maie Bartlett Heard School
  • High School: Central High School
  • Elementary School: Maie Bartlett Heard School
  • High School: Central High School
  • Junior High School: Maie Bartlett Heard School

Lot Info

  • Lot Size: 95' x 62'

Multi Family

  • Income And Expenses Adjusted Gross Inc: 11182.45
  • Income And Expenses Annual Ins Exp: 1800.00
  • Income And Expenses Annual Maint Exp: 480.00
  • Income And Expenses Annual Trash Exp: 960.00
  • Income And Expenses Annual Water Sewer Exp: 840.00
  • Income And Expenses Gross Annual Sch Inc: 11771.00
  • Income And Expenses Net Operating Income: 11771.00
  • Income And Expenses Operating Exp: 4909.00
  • Income And Expenses Totl Mnth Rntal Inc: 1350.00
  • Income And Expenses Vacancy Allowance: 0.05
  • Number Of One Bedroom Units: 2
  • Number Of Two Bedroom Units: 1
  • One Bedroom Units Avg Rent: 375.00
  • One Bedroom Units Avg Sq Ft: 400
  • One Bedroom Units Baths: 1
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 3.00
  • Two Bedroom Units Avg Rent: 600.00
  • Two Bedroom Units Avg Sq Ft: 975
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 829.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2012
Closed on
Apr 13, 2012
Sold by
Painter Robert Thomas and Painter Claudia H
Bought by
Fifi Llc
Seller's Agent
Gordon Baker
RE/MAX Alliance Group
Buyer's Agent
Denise Pruitt
Arizona Best Real Estate
List Price
$92,500
Sold Price
$87,000
Premium/Discount to List
-$5,500
-5.95%
Current Estimated Value
$433,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,534
Avg. Annual Appreciation
12.66%

Purchase Details

Closed on
Jul 7, 1999
Sold by
White Wyatt E and White Mary A
Bought by
Painter Robert Thomas and Painter Claudia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
9.99%
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
Fifi Llc $87,000 Chicago Title Agency Inc
Painter Robert Thomas -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Painter Robert Thomas $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2012 04/24/12 Sold $87,000 -5.9% $63 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
01/30/2012 01/30/12 For Sale $92,500 -- $67 / 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 $921 $6,884 -- --
2024 $912 $6,556 -- --
2023 $912 $24,700 $4,940 $19,760
2022 $879 $18,410 $3,680 $14,730
2021 $873 $16,010 $3,200 $12,810
2020 $883 $13,520 $2,700 $10,820
2019 $881 $11,270 $2,250 $9,020
2018 $866 $9,800 $1,960 $7,840
2017 $846 $8,720 $1,740 $6,980
2016 $822 $7,160 $1,430 $5,730
2015 $760 $6,110 $1,220 $4,890
Source: Public Records

Agents Affiliated with this Home

  • Gordon Baker

    Seller's Agent in 2012

    Gordon Baker

    RE/MAX

    (480) 326-8571

    75 Total Sales

    Gordon Baker
    Section Image
  • Denise Pruitt

    Buyer's Agent in 2012

    Denise Pruitt

    Arizona Best Real Estate

    (480) 390-3350

    84 Total Sales

    Denise Pruitt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4708629

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-53-035

Arizona Maricopa County Phoenix 85009 Encanto-Palmcroft

2037 W Cypress St, Phoenix, AZ

This home is located at 2037 W Cypress St, Phoenix, AZ 85009 since 30 January 2012 and is currently estimated at $433,534, approximately $315 per square foot. This property was built in 1941. 2037 W Cypress St is a home located in Maricopa County with nearby schools including Maie Bartlett Heard Elementary School, Phoenix Coding Academy, and Central 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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