2201 E Cactus Rd Phoenix, AZ 85022
Paradise Valley Neighborhood
--
Bed
--
Bath
2,867
Sq Ft
8,451
Sq Ft Lot
Highlights
- Cooling Available
- Mercury Mine Elementary School Rated A
- Individual Controls for Heating
About This Home
As of December 2021M 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
REI Marketing License #BR107286000 Listed on: 10/07/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,066
Year Built
- Built in 1971
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 6, 2024
Sold by
Azrei Llc
Bought by
Value Creation Llc
Current Estimated Value
Purchase Details
Closed on
Jan 29, 2024
Sold by
Value Creation Llc
Bought by
Azrei Llc
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
David Dubiel William
Bought by
2201 E Cactus Llc
Seller's Agent
Craig Young
REI Marketing
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
8.71%
Purchase Details
Listed on
Oct 7, 2021
Closed on
Nov 1, 2021
Sold by
Wei Hongru
Bought by
Dubiel William David
Seller's Agent
Craig Young
REI Marketing
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
Evolve Equity Llc
Bought by
Madison On Cactus Llc
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
Bullinger Kassandra
Bought by
Bullinger Luke
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
Na Cactus 5 Llc
Bought by
Evolve Equity Llc
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
Cactus 7 Llc
Bought by
Na Cactus 5 Llc
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
Na Cactus 5 Llc
Bought by
Cactus 7 Llc
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
Giat Nir
Bought by
Na Cactus 5 Llc
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
12.72%
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
Mckinivan Charles and Mckinivan Dolores C
Bought by
Giat Nir
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
Mckinivan Charles and Mckinivan Dolores M
Bought by
Mckinivan Charles and Mckinivan Dolores M
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
Mckinivan Charles and Mckinivan Delores C
Bought by
Mckinivan Charles and Mckinivan Dolores C
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
Mckinivan Charles and Mckinivan Dolores C
Bought by
Mckinivan Charles and Mckinivan Dolores C
Purchase Details
Closed on
Apr 13, 1994
Sold by
Brassea Anthony P and Brassea Leatrice
Bought by
Mckinivan Charles and Mckinivan Dolores
Similar Home in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $1,500,000 | Chicago Title | |
| Warranty Deed | -- | Chicago Title | |
| Special Warranty Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Warranty Deed | $975,000 | First American Title Ins Co | |
| Special Warranty Deed | $550,000 | Chicago Title Agency Inc | |
| Interfamily Deed Transfer | -- | American Title Svc Agcy Llc | |
| Special Warranty Deed | $435,000 | American Title Svc Agcy Llc | |
| Special Warranty Deed | -- | American Title Svc Agcy Llc | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $1,601,300 | Magnus Title Agency | |
| Warranty Deed | $274,496 | Magnus Title Agency | |
| Warranty Deed | $304,691 | Magnus Title Agency | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Comp | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $106,500 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,483,335 | Seller Take Back | |
| Previous Owner | $524,000 | Construction | |
| Previous Owner | $255,000 | Commercial | |
| Previous Owner | $255,000 | Commercial | |
| Previous Owner | $1,293,000 | Commercial | |
| Previous Owner | $239,691 | Unknown | |
| Previous Owner | $234,496 | Seller Take Back | |
| Previous Owner | $220,500 | New Conventional | |
| Previous Owner | $196,350 | Unknown | |
| Previous Owner | $130,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 Compared to Growth
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 | $1,096 | $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
-
Seller's Agent in 2021
Craig Young
REI Marketing
(480) 773-2183
5 in this area
181 Total Sales
-
Buyer's Agent in 2021
Joseph Ryan
Jason Mitchell Real Estate
(602) 615-1330
4 in this area
43 Total Sales
-
Seller's Agent in 2012
Rick Horst
Keller Williams Arizona Realty
(480) 767-3014
4 in this area
36 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6304073
APN: 166-26-004
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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