NOT LISTED FOR SALE

2202 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $402,000 - $700,303

-- Bed
4 Baths
801 Sq Ft
$706/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $387,500 $484 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,163/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

Excellent Income Opportunity with 100% occupancy. All 2 bedroom units. TWO MILES from Grand Canyon University. **Eight units total for sale - must sell with 2210 W Devonshire Ave - MLS 6043134

Last Agent to Sell the Property

David Montaner

Elite Partners License #SA654828000 Listed on: 02/28/2020

Elite Partners

Last Buyer's Agent

Tyler Davis

Real Broker License #SA688422000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,852

Year Built

  • Built in 1961

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 154-29-048

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11880
  • Indian Wells Subdivision

Building Details

  • Operating Expense $5,952
  • Gross Income $30,000
  • Net Operating Income $24,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,852

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Indian School & 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2019
  • Directions: West on Indian School, North on 23rd Ave, Right on Devonshire
  • Road Surface Type: Asphalt
  • Subdivision Name: INDIAN WELLS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11880
  • Additional Parcels: No
  • Parcel #: 154-29-048

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 30000.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 24048.0
  • Annual Operating Expense: 5952.0

Tax Info

  • Tax Annual Amount: 1852.0
  • Tax Book Number: 154.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2020
Sold by
Davis Matthew I and Davis Michelle R
Bought by
Md Realty Devonshire Llc
Current Estimated Value
$565,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 28, 2020
Closed on
Mar 30, 2020
Sold by
Trautman Christopher
Bought by
Davis Matthew I and Davis Michelle R
Seller's Agent
David Montaner
Elite Partners
Buyer's Agent
Tyler Davis
Real Broker
List Price
$357,500
Sold Price
$387,500
Premium/Discount to List
$30,000
8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%

Purchase Details

Listed on
Sep 21, 2017
Closed on
Oct 9, 2017
Sold by
2202 W Devonshire Ave Llc
Bought by
Trautman Christopher
Seller's Agent
Youssef Salloum
Realty Executives
Buyer's Agent
David Montaner
A.Z. & Associates
List Price
$265,000
Sold Price
$259,500
Premium/Discount to List
-$5,500
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.03%
Original Mortgage
$254,799
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 19, 2013
Closed on
Apr 3, 2014
Sold by
Lopez John J
Bought by
Salloum Youssef and Salloum Mallory
Seller's Agent
Lindsay Baker
Evolution Real Estate, LLC
Buyer's Agent
Steve Russell
RE/MAX Solutions
List Price
$165,000
Sold Price
$155,000
Premium/Discount to List
-$10,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.86%
Original Mortgage
$108,500
Interest Rate
4.28%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 27, 2012
Closed on
Apr 9, 2012
Sold by
Lousararian George E and Lousararian Vivian R
Bought by
Lopez John J
Seller's Agent
Andrew Thruston
P.J. Hussey & Associates, Inc
Buyer's Agent
Joseph Davis
CastleRock Communities
List Price
$137,900
Sold Price
$147,500
Premium/Discount to List
$9,600
6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.47%

Purchase Details

Closed on
Jan 25, 2010
Sold by
Wells Fargo Bank Na
Bought by
Lousararian George E and Lousararian Vivian R

Purchase Details

Closed on
Jul 15, 2009
Sold by
Gonzalez Aide and Argent Mortgage Company Llc
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 11, 2005
Sold by
Boquecosa Brian and 301 Investments Llc
Bought by
Gonzalez Aide

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Gonzalez Jesus
Bought by
Gonzalez Aide

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2004
Sold by
Boquecosa Brian
Bought by
301 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2003
Sold by
Seng Salim and Kuon Heng Kim
Bought by
Boquecosa Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,202
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2001
Sold by
Murray Jack T and Murray Lisa A
Bought by
Kuon Heng Kim

Purchase Details

Closed on
Apr 19, 2001
Sold by
Seng Salim
Bought by
Kuon Heng Kim

Purchase Details

Closed on
Apr 22, 1999
Sold by
Murray Jack Thomas and Murray Lisa Annette
Bought by
Murray Jack T and Murray Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
11.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 1996
Sold by
Orsburn Dayton and Orsburn Leah
Bought by
Orsburn Dayton and Spindler Fred O
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Md Realty Devonshire Llc -- Pioneer Title Agency Inc
Davis Matthew I $387,500 Pioneer Title Agency Inc
Trautman Christopher $259,500 Security Title Agency Inc
Salloum Youssef $155,000 Security Title Agency
Lopez John J $147,500 Lawyers Title Of Arizona Inc
Lousararian George E $60,000 Security Title Agency
Wells Fargo Bank Na $250,262 None Available
Gonzalez Aide $265,000 Capital Title Agency Inc
Gonzalez Aide -- Capital Title Agency Inc
301 Investments Llc -- --
Boquecosa Brian $225,780 Capital Title Agency Inc
Kuon Heng Kim $155,000 Security Title Agency
Kuon Heng Kim -- Security Title Agency
Murray Jack T -- Ati Title Agency
Murray Jack T -- Ati Title Agency
Orsburn Dayton -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Md Realty Devonshire Llc $570,000
Previous Owner Trautman Christopher $254,799
Previous Owner Salloum Youssef $108,500
Previous Owner Gonzalez Aide $238,500
Previous Owner Gonzalez Aide $238,500
Previous Owner Boquecosa Brian $203,202
Previous Owner Murray Jack T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $387,500 +8.4% $484 / Sq Ft
04/24/2020 04/24/20 Price Changed $357,500 0.0% $446 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $357,500 +37.8% $446 / Sq Ft
10/27/2017 10/27/17 Sold $259,500 -2.1% $324 / Sq Ft
09/21/2017 09/21/17 For Sale $265,000 +71.0% $331 / Sq Ft
04/29/2014 04/29/14 Sold $155,000 -6.1% $194 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
12/19/2013 12/19/13 For Sale $165,000 +11.9% $206 / Sq Ft
04/19/2012 04/19/12 Sold $147,500 +7.0% $184 / Sq Ft
04/03/2012 04/03/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $137,900 -- $172 / 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 $1,953 $13,597 -- --
2024 $1,963 $12,950 -- --
2023 $1,963 $48,500 $9,700 $38,800
2022 $1,932 $31,730 $6,340 $25,390
2021 $1,951 $29,680 $5,930 $23,750
2020 $1,875 $25,220 $5,040 $20,180
2019 $1,852 $20,780 $4,150 $16,630
2018 $1,710 $17,760 $3,550 $14,210
2017 $1,688 $17,070 $3,410 $13,660
2016 $1,617 $14,800 $2,960 $11,840
2015 $1,531 $12,650 $2,530 $10,120
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Montaner

    Elite Partners

    Section Image
  • Tyler Davis

    Buyer's Agent in 2020

    Tyler Davis

    Real Broker

    (602) 622-5788

    1 in this area

    37 Total Sales

    Tyler Davis
    Section Image

  • Y

    Seller's Agent in 2017

    Youssef Salloum

    Realty Executives

  • Lindsay Baker

    Seller's Agent in 2014

    Lindsay Baker

    Evolution Real Estate, LLC

    (480) 227-7945

    22 Total Sales

    Lindsay Baker
    Section Image

  • S

    Buyer's Agent in 2014

    Steve Russell

    RE/MAX

    Section Image
  • Andrew Thruston

    Seller's Agent in 2012

    Andrew Thruston

    P.J. Hussey & Associates, Inc

    (623) 628-5513

    1 in this area

    46 Total Sales

    Andrew Thruston
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6043114

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-048

Arizona Maricopa County Phoenix 85015 Alhambra

2202 W Devonshire Ave, Phoenix, AZ

This home is located at 2202 W Devonshire Ave, Phoenix, AZ 85015 since 28 February 2020 and is currently estimated at $565,826, approximately $706 per square foot. This property was built in 1961. 2202 W Devonshire Ave is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Phoenix Coding Academy.

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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