NOT LISTED FOR SALE

Estimated Value: $958,000 - $1,500,290

Studio
-- Bath
2,867 Sq Ft
$419/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2021

Last sale price $975,000 $340 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,606 / mo

40 Days on Market

Highlights

  • Cooling Available
  • Mercury Mine Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of December 2021

M A D I S O N O N C A C T U S is a 4-unit
apartment community located on Cactus Road offering outstanding mobility through the expanding lifestyle and economic opportunities of the north Valley and easy access to the SR-51. Madison on Cactus is presented with access to a strong employment landscape led by
±169,100 total employees across four nearby employment corridors featuring tenants such as Vanguard, USAA, American Express, and Blue
Cross Blue Shield as well as awarding -winning healthcare through theMayo Clinic Phoenix Campus. The property also provides close proximity
to several north Valley shopping destinations including Desert RidgeMarketplace, High Street, Kierland Commons, and Scottsdale Quarter. Developed in 1971, Madison on Cactus is comprised 100% two-bedroom
floorplans all units include large front patios, are fully-renovated with
an average size of 750 square feet. Major systems such as the roof,
main electrical panels, select HVACs, windows, exterior paint,parking
surface and landscaping have also been completely renovated.

Last Agent to Sell the Property

Craig Young

Real Broker License #BR107286000 Listed on: 10/07/2021

Real Broker

Last Buyer's Agent

Joseph Ryan

Jason Mitchell Real Estate License #SA685533000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,066

Year Built

  • Built in 1971

Lot Details

  • 8,451

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 312
  • Assessor Parcel Number 166-26-004

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRREGULAR
  • Paradise Valley West Subdivision

Building Details

  • Operating Expense $15,564
  • Gross Income $64,651
  • Net Operating Income $62,966

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,066

Year Built

Built in 1971

Lot Details

8,451 Sq Ft Lot

Listing Details

  • Cross Street: CAVE CREEK ROAD & CACTUS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3148.0
  • Subdivision Name: PARADISE VALLEY WEST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3900.0

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 166-26-004

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 64651.3
  • Insurance Expense: 1850.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 62966.0
  • Annual Operating Expense: 15564.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1066.0
  • Tax Book Number: 166.00
  • Tax Lot: 312

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2024
Sold by
Bought by
Current Estimated Value
$1,202,097

Purchase Details

Closed on
Jan 29, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,335
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 27, 2021
Sold by
Bought by
Seller's Agent
Craig Young
Real Broker
Buyer's Agent
Joseph Ryan
Jason Mitchell Real Estate
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 1, 2021
Sold by
Bought by
Seller's Agent
Craig Young
Real Broker
Buyer's Agent
Joseph Ryan
Jason Mitchell Real Estate
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Purchase Details

Closed on
Jun 7, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,293,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 10, 2012
Sold by
Bought by
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$274,496
Premium/Discount to List
$45,496
19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 20, 2012
Sold by
Bought by
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$274,496
Premium/Discount to List
$45,496
19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,200
Interest Rate
6.39%

Purchase Details

Closed on
Feb 22, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,500,000 Chicago Title
-- Chicago Title
-- New Title Company Name
-- First American Title Ins Co
$975,000 First American Title Ins Co
$550,000 Chicago Title Agency Inc
-- American Title Svc Agcy Llc
$435,000 American Title Svc Agcy Llc
-- American Title Svc Agcy Llc
-- None Available
$1,601,300 Magnus Title Agency
$274,496 Magnus Title Agency
$304,691 Magnus Title Agency
-- Chicago Title Insurance Comp
-- Capital Title Agency Inc
-- --
$106,500 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,483,335
Previous Owner $524,000
Previous Owner $255,000
Previous Owner $255,000
Previous Owner $1,293,000
Previous Owner $239,691
Previous Owner $234,496
Previous Owner $220,500
Previous Owner $130,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $975,000 -11.4% $340 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $1,100,000 +300.7% $384 / Sq Ft
06/29/2012 06/29/12 Sold $274,496 +19.9% $96 / Sq Ft View Prior Sale
05/31/2012 05/31/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $229,000 -- $80 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,126 $11,015 -- --
2024 $1,073 $10,490 -- --
2023 $1,073 $36,610 $7,320 $29,290
2022 $1,063 $33,180 $6,630 $26,550
2021 $1,066 $32,110 $6,420 $25,690
2020 $1,033 $27,800 $5,560 $22,240
2019 $1,034 $23,010 $4,600 $18,410
2018 $1,000 $22,480 $4,490 $17,990
2017 $959 $21,280 $4,250 $17,030
2016 $943 $20,480 $4,090 $16,390
2015 $873 $17,310 $3,460 $13,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6304073

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-26-004

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