NOT LISTED FOR SALE

2128 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $356,000 - $708,000

9 Beds
1 Bath
1,125 Sq Ft
$514/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $512,000 $455 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,219/month

1 Day on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of March 2021

Great investment opportunity in an up and coming area near GCU. Main unit is 3 beds, 1.5 baths and 1,125sf. The three others are all 2 beds/1 bath and roughly 700sf each. Current rents are $575, $625, $625, and $750 (under market rent due to long term tenants being in place). Expenses listed are accurate to owner's knowledge. DRIVE BY ONLY UNDER ACCEPTED CONTRACT. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Michael D'Elena

Compass License #SA644866000 Listed on: 02/19/2021

Compass

Last Buyer's Agent

Wendy Heller

eXp Realty License #SA653397000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,762

Year Built

  • Built in 1962

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 154-29-051

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11,400
  • Indian Wells Subdivision

Building Details

  • Operating Expense $9,694
  • Gross Income $53,431,800
  • Net Operating Income $25,029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,762

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 23rd Ave & Indian School
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1962
  • Tax Year: 2020
  • Directions: Head north on 23rd Ave. Make a right on Devonshire. 4plex is on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: INDIAN WELLS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: 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:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2500.0

Lot Info

  • Lot Size: 11,400
  • Additional Parcels: No
  • Parcel #: 154-29-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 150.0
  • Annual Gross Income: 53431800.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3502.0
  • Property Net Operating Income: 25029.0
  • Annual Operating Expense: 9694.0
  • Vacancy Allowance Rate: 1635.0

Tax Info

  • Tax Annual Amount: 1762.0
  • Tax Book Number: 154.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Mar 16, 2021
Sold by
Pixivate Llc
Bought by
Shetty Vijesh and Shetty Seema
Seller's Agent
Michael D'Elena
Compass
Buyer's Agent
Wendy Heller
eXp Realty
List Price
$450,000
Sold Price
$512,000
Premium/Discount to List
$62,000
13.78%
Current Estimated Value
$578,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,329
Avg. Annual Appreciation
3.20%
Original Mortgage
$384,000
Outstanding Balance
$348,117
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$242,407

Purchase Details

Closed on
Aug 31, 2018
Sold by
Simon Joshua and Caldwell Alicia
Bought by
Pixivate Llc

Purchase Details

Listed on
May 18, 2018
Closed on
May 25, 2018
Sold by
Nguyen Stephen and The Nguyen Suuvan Trust
Bought by
Simon Joshua and Caldweel Alicia
Seller's Agent
Michael Hawkins
HomeSmart
Buyer's Agent
Michael D'Elena
Compass
List Price
$309,000
Sold Price
$283,000
Premium/Discount to List
-$26,000
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$206,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2016
Sold by
Nguyen Cuong
Bought by
Nguyen Stephen

Purchase Details

Closed on
Jun 15, 2015
Sold by
Nguyen Trang Luong
Bought by
Nguyen Cuong

Purchase Details

Closed on
Mar 3, 2009
Sold by
Licciani Douglas P and Licciani Defined Ben Douglas P
Bought by
2128 W Devonshire Llc

Purchase Details

Closed on
Aug 26, 2008
Sold by
Warm House Llc
Bought by
Licciani Douglas P and The Douglas P Licciani Defined

Purchase Details

Closed on
Sep 27, 2007
Sold by
Warm Houses Llc
Bought by
Douglas P Licciani Defined Benefit Plan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.66%
Mortgage Type
Assumption

Purchase Details

Closed on
Aug 3, 2007
Sold by
Munoz Maria
Bought by
Warm Houses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.66%
Mortgage Type
Assumption

Purchase Details

Closed on
Jul 31, 2007
Sold by
Colella Michael
Bought by
Munoz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.66%
Mortgage Type
Assumption

Purchase Details

Closed on
Apr 14, 2005
Sold by
2128 West Llc
Bought by
Colella Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2003
Sold by
Bookspan Richard A and Bookspan Susan H
Bought by
2128 W Llc

Purchase Details

Closed on
Mar 26, 2003
Sold by
Manke David and Sierra Trust
Bought by
Bookspan Richard A and Bookspan Susan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2001
Sold by
Manke David
Bought by
Zuber Gary and The Sierra Trust

Purchase Details

Closed on
Mar 29, 2000
Sold by
J & B Associates
Bought by
Manke David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,750
Interest Rate
8.24%
Mortgage Type
Commercial
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
Shetty Vijesh $512,000 Grand Canyon Title Agency
Pixivate Llc $283,000 None Available
Simon Joshua $283,000 First American Title Insuran
Simon Joshua $283,000 First American Title Insuran
Nguyen Stephen $175,000 None Available
Nguyen Cuong -- Fidelity Natl Title Agency
Nguyen Cuong $148,000 Fidelity Natl Title Agency
Gc Real Estate Investment Group Llc $115,000 Fidelity Natl Title Agency
2128 W Devonshire Llc $290,000 Greystone Title Agency
Licciani Douglas P -- None Available
Douglas P Licciani Defined Benefit Plan -- Camelback Title Agency
Warm Houses Llc $334,140 Camelback Title Agency Llc
Munoz Maria $300,000 Camelback Title Agency Llc
Colella Michael $285,000 Fidelity National Title
2128 W Llc -- --
Bookspan Richard A -- Old Republic Title Agency
Zuber Gary -- Arizona Title Agency Inc
Manke David $121,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shetty Vijesh $384,000
Previous Owner Simon Joshua $206,250
Previous Owner Warm Houses Llc $50,000
Previous Owner Munoz Maria $290,000
Previous Owner Colella Michael $185,250
Previous Owner Bookspan Richard A $166,400
Previous Owner Manke David $90,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $512,000 +13.8% $455 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $450,000 +45.6% $400 / Sq Ft
06/18/2018 06/18/18 For Sale $309,000 0.0% $275 / Sq Ft
06/18/2018 06/18/18 Price Changed $309,000 +9.2% $275 / Sq Ft
06/15/2018 06/15/18 Sold $283,000 -8.4% $252 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $309,000 -- $275 / 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 $1,836 $12,780 -- --
2024 $1,845 $12,172 -- --
2023 $1,845 $45,710 $9,140 $36,570
2022 $1,816 $30,820 $6,160 $24,660
2021 $1,833 $28,580 $5,710 $22,870
2020 $1,762 $24,200 $4,840 $19,360
2019 $1,741 $20,070 $4,010 $16,060
2018 $1,607 $17,200 $3,440 $13,760
2017 $1,587 $15,830 $3,160 $12,670
2016 $1,520 $13,700 $2,740 $10,960
2015 $1,439 $11,720 $2,340 $9,380
Source: Public Records

Agents Affiliated with this Home

  • Michael D'Elena

    Seller's Agent in 2021

    Michael D'Elena

    Compass

    (602) 317-4761

    9 in this area

    215 Total Sales

    Michael D'Elena
    Section Image
  • Wendy Heller

    Buyer's Agent in 2021

    Wendy Heller

    eXp Realty

    (480) 524-0442

    2 in this area

    54 Total Sales

    Wendy Heller
    Section Image
  • Michael Hawkins

    Seller's Agent in 2018

    Michael Hawkins

    HomeSmart

    (602) 430-7512

    19 Total Sales

    Michael Hawkins
    Section Image
  • Michelle McQuade-Smith

    Buyer Co-Listing Agent in 2018

    Michelle McQuade-Smith

    Real Broker

    (760) 702-6499

    10 Total Sales

    Michelle McQuade-Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6196352

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-051

Arizona Maricopa County Phoenix 85015 Alhambra

2128 W Devonshire Ave, Phoenix, AZ

This home is located at 2128 W Devonshire Ave, Phoenix, AZ 85015 since 19 February 2021 and is currently estimated at $578,329, approximately $514 per square foot. This property was built in 1962. 2128 W Devonshire Ave is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Phoenix Coding Academy.

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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