Seller's Agent in 2013
Antonio Pellegrini
MCO Realty
(480) 600-1057
71 Total Sales
2139 W Virginia Ave Phoenix, AZ 85009
Encanto-Palmcroft NeighborhoodEstimated Value: $264,000 - $1,211,000
Studio
13
Baths
4,896
Sq Ft
$192/Sq Ft
Est. Value
Highlights
- Central Air
- Concrete Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of May 2013This rare investment opportunity is now available at a significant discount. Surrounded by many newly renovated homes, this complex features mature landscaping on an irrigated lot and covered parking for 10 vehicles. With 12 units, this property has a large 1818 SQFT 3 bed/2 bath single family home, a 2 bed/2 bath single family home along with a duplex and two fourplexes. The duplex and fourplexes boast four 2 bed/1 bath units and six 1 bedroom units. Please call for any questions and do not disturb tenants. Units zoned for condominium conversion.
Last Agent to Sell the Property
MCO Realty License #SA627046000 Listed on: 01/30/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,146
Year Built
- Built in 1935
Lot Details
- 0.85
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Shake Roof
- Composition Roof
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Concrete Flooring
Parking
- 1 Open Parking Space
- 11 Parking Spaces
- 10 Covered Spaces
- Common or Shared Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Assessor Parcel Number 110-46-079
Community Details
Overview
- 5 Buildings
- 12 Units
- Building Dimensions are 37026SQFT
Building Details
- Operating Expense $33,722
- Gross Income $71,136
- Net Operating Income $33,704
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2013
Closed on
May 13, 2013
Sold by
Three Sticks Member Llc
Bought by
2139 Virginia Llc
Seller's Agent
Antonio Pellegrini
MCO Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,007
Avg. Annual Appreciation
5.46%
Original Mortgage
$356,250
Outstanding Balance
$252,668
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$685,339
Purchase Details
Closed on
Jun 15, 2011
Sold by
2139 W Virginia Llc
Bought by
Three Sticks Member Llc
Purchase Details
Closed on
Dec 5, 2007
Sold by
Medina Boris
Bought by
2139 W Virginia Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 20, 2006
Sold by
Forester Apartments Llc
Bought by
Medina Boris
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
6.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 2, 2006
Sold by
Sheen Jack
Bought by
Forester Apartment Llc and Forester Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
6.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 3, 2004
Sold by
Sheen Marjory Belle and Whaley Peggy
Bought by
Forester Apartments Llc
Purchase Details
Closed on
Apr 15, 2004
Sold by
Sheen Marjory Belle and Whaley Peggy
Bought by
Sheen Marjory Belle and Whaley Peggy
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2139 Virginia Llc | $475,000 | Magnus Title Agency | |
| Three Sticks Member Llc | -- | Accommodation | |
| 2139 W Virginia Llc | $800,000 | Camelback Title Agency Llc | |
| Medina Boris | $675,000 | Camelback Title Agency Llc | |
| Forester Apartment Llc | -- | Camelback Title Agency Llc | |
| Forester Apartments Llc | -- | -- | |
| Sheen Marjory Belle | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2139 Virginia Llc | $356,250 | |
| Previous Owner | 2139 W Virginia Llc | $80,000 | |
| Previous Owner | 2139 W Virginia Llc | $600,000 | |
| Previous Owner | Medina Boris | $526,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2013 05/31/13 | Sold | $475,000 | -4.0% | $97 / Sq Ft |
| 02/15/2013 02/15/13 | Pending | -- | -- | -- |
| 01/30/2013 01/30/13 | For Sale | $495,000 | -- | $101 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $3,605 | $25,382 | -- | -- |
| 2024 | $3,361 | $24,173 | -- | -- |
| 2023 | $3,361 | $102,500 | $20,500 | $82,000 |
| 2022 | $3,141 | $75,980 | $15,190 | $60,790 |
| 2021 | $3,123 | $65,750 | $13,150 | $52,600 |
| 2020 | $3,162 | $56,420 | $11,280 | $45,140 |
| 2019 | $3,158 | $45,270 | $9,050 | $36,220 |
| 2018 | $3,103 | $35,400 | $7,080 | $28,320 |
| 2017 | $3,022 | $36,260 | $7,250 | $29,010 |
| 2016 | $2,935 | $31,810 | $6,360 | $25,450 |
| 2015 | $2,706 | $26,170 | $5,230 | $20,940 |
Source: Public Records
Agents Affiliated with this Home
-
Antonio Pellegrini
-
Rick Horst
Buyer's Agent in 2013
Rick Horst
Keller Williams Arizona Realty
(480) 767-3014
32 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4882567
APN: 110-46-079
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.
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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