NOT LISTED FOR SALE

2201 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood
46 Beds
-- Bath
750 Sq Ft
1962 Built

Sale Details

Date Sold: September 15, 2017

Last sale price $1,515,000 $2,020 Per Sq Ft

36 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of September 2017

West Heatherbrae is an attractive single-story 23-unit, garden-style community located in a desirable central Phoenix neighborhood. The property is situated just north of Indian School Road and east of 23rd Avenue. Built in 1962 the property is made of block construction with pitched composition shingle roofs, and is individually-metered for electricity. The community's unit mix consists of all two-bedroom/one-bath floor plans that are spacious, well designed and average approximately 750 square feet. Interior unit amenities include full appointed kitchens with full-size electric appliances, ceiling fans, and vertical blinds.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 07/25/2017

Last Buyer's Agent

Stacy Fitzgerald

BLD Real Estate License #BR572835000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,384

Year Built

  • Built in 1962

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces

Lot Details

  • Additional Parcels

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 154-29-042-C

Community Details

Overview

  • 7 Buildings
  • 23 Units
  • Building Dimensions are 458.79' x 107.89' x 323.18' x 130.82'
  • Indian Wells Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $6,384
  • Gross Income $165,410
  • Net Operating Income $98,677

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,384

Year Built

Built in 1962

Listing Details

  • Cross Street: W. Heatherbrae Dr. & W, Devonshire Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 7
  • Year Built: 1962
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: INDIAN WELLS
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • 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: Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Lot Info

  • Lot Size: 458.79' x 107.89' x 323.18' x 130.82'
  • Additional Parcels: Yes
  • Parcel #: 154-29-042-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 23
  • Annual Gross Income: 165410.4
  • Property Net Operating Income: 98677.0
  • Annual Operating Expense: 6383.5
  • Vacancy Allowance Rate: 0.18

Tax Info

  • Tax Annual Amount: 6383.5
  • Tax Book Number: 154.00
  • Tax Lot: 1

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
Sep 2, 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
$2,990,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2020
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
$2,260,000
Interest Rate
0.028%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 30, 2017
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
$1,000,000
Interest Rate
0.0415%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2017
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
$1,000,000
Interest Rate
0.0415%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 8, 2013
Closed on
Jan 13, 2014
Sold by
Bought by
Seller's Agent
Bradley Goff
Newmark Multifamily
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0445%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2005
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
$1,074,000
Interest Rate
0.0565%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2002
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
$705,000
Interest Rate
0.0669%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 1977
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
$3,680,000 Chicago Title Agency Inc
$2,600,000 Chicago Title
$1,125,000 American Title
$1,196,000 American Title
$700,000 American Title Service Agenc
$375,000 Chicago Title
$465,000 None Available
-- --
$1,050,000 --
$940,000 Chicago Title Insurance Co
$490,000 First American Title
-- First American Title
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
Open $2,978,000
Closed $2,990,000
Previous Owner $2,260,000
Previous Owner $1,000,000
Previous Owner $400,000
Previous Owner $1,074,000
Previous Owner $705,000
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
09/15/2017 09/15/17 Sold $1,515,000 -5.3% $2,020 / Sq Ft
07/25/2017 07/25/17 For Sale $1,600,000 +128.6% $2,133 / Sq Ft
11/29/2013 11/29/13 Sold $700,000 -6.7% $933 / Sq Ft View Prior Sale
10/16/2013 10/16/13 Pending -- -- --
10/08/2013 10/08/13 For Sale $750,000 -- $1,000 / 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 $6,641 $42,004
2024 $6,063 $40,004
2023 $6,063 $187,900 $37,490 $150,410
2022 $5,969 $153,080 $30,540 $122,540
2021 $6,025 $138,910 $27,720 $111,190
2020 $5,792 $86,470 $17,250 $69,220
2019 $5,721 $61,750 $12,350 $49,400
2018 $5,282 $60,300 $12,030 $48,270
2017 $5,215 $73,290 $14,620 $58,670
2016 $4,995 $41,940 $8,370 $33,570
2015 $4,728 $34,030 $6,790 $27,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5637591

Arizona Regional Multiple Listing Service (ARMLS)
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