NOT LISTED FOR SALE

2141 W Belmont Ave Phoenix, AZ 85021

Alhambra Neighborhood

Estimated Value: $684,000 - $1,120,000

-- Bed
-- Bath
1,560 Sq Ft
$548/Sq Ft Est. Value

Last Sold February 05, 2016

Last sale price $285,000 $183 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $4,607/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Washington High School Rated A-
  • Ceiling Fan

About This Home

As of February 2016

100% occupied! Individual A/C units. Tenants pay electric. All 2 bedroom one bath units with washer/dryer hookups in each unit. Long term tenants with a lot of upside in the rents. Only one unit has turned in the last 2 years and is rented at $600/month. The other 5 units are averaging close to $520/month. Roof is in need of replacement.Great location. Close to shopping and public transportation. Less than a half of a mile from the new light rail expansion and to the I17.

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 01/14/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Larry Wright

DeLex Realty License #SA031068000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1972

Lot Details

  • 0.4

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 9 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 85
  • Assessor Parcel Number 157-22-008

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 180 x 97
  • Vista Income Estates 2 Subdivision

Building Details

  • Operating Expense $13,461
  • Gross Income $172,800
  • Net Operating Income $24,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Northern
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2015
  • Directions: W to 21st ST, S to Belmont, W to property on south side of the road
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: VISTA INCOME ESTATES 2
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 180 x 97
  • Additional Parcels: No
  • Parcel #: 157-22-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 172800.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 5400.0
  • Property Net Operating Income: 24272.0
  • Annual Operating Expense: 13461.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1761.0
  • Tax Book Number: 157.00
  • Tax Lot: 85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2016
Closed on
Feb 3, 2016
Sold by
Ostroff Maury
Bought by
Scy Properties Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Current Estimated Value
$812,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527,028
Avg. Annual Appreciation
12.23%

Purchase Details

Closed on
Jan 16, 2004
Sold by
Mccassalin Wade L and Mccassalin Else
Bought by
Ostroff Maury

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.8%
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
Scy Properties Llc $280,000 First Arizona Title Agency
Ostroff Maury $270,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scy Properties Llc $350,000
Previous Owner Ostroff Maury $283,000
Previous Owner Ostroff Maury $253,000
Previous Owner Ostroff Maury $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2016 02/05/16 Sold $285,000 -5.0% $183 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $300,000 -- $192 / 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 $2,201 $17,993 -- --
2024 $2,161 $17,136 -- --
2023 $2,161 $61,770 $12,350 $49,420
2022 $2,090 $40,360 $8,070 $32,290
2021 $2,117 $38,620 $7,720 $30,900
2020 $2,064 $37,620 $7,520 $30,100
2019 $2,027 $30,410 $6,080 $24,330
2018 $1,973 $25,800 $5,160 $20,640
2017 $1,963 $24,010 $4,800 $19,210
2016 $1,928 $22,530 $4,500 $18,030
2015 $1,785 $18,660 $3,730 $14,930
Source: Public Records

Agents Affiliated with this Home

  • Brian Gaffney

    Seller's Agent in 2016

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    2 in this area

    24 Total Sales

    Section Image
  • Larry Wright

    Seller Co-Listing Agent in 2016

    Larry Wright

    DeLex Realty

    (602) 264-8400

    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2016

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    18 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5383282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-22-008

Arizona Maricopa County Phoenix 85021 Alhambra

2141 W Belmont Ave, Phoenix, AZ

This home is located at 2141 W Belmont Ave, Phoenix, AZ 85021 since 14 January 2016 and is currently estimated at $854,615, approximately $547 per square foot. This property was built in 1972. 2141 W Belmont Ave is a home located in Maricopa County with nearby schools including Orangewood School, Washington High School, and SC Jensen Online.

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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