$147,500
SOLD APR 19, 2012

2202 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood
8 Beds
4 Baths
801 Sq Ft
0.27 Acres

Recently Sold

$184 Per Sq Ft

7% Above List Price

7 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

This property has been completely re-done from top to bottom. New tile flooring throughout the interior, new cabinets, new lighting fixtures, new exterior paint, new 30 year energy star rated roofing shingles, new air conditioners on all 4 units. With large patios and washer dryer hook ups in every unit these features are very popular with tenants.

Last Agent to Sell the Property

Andrew Thruston

P.J. Hussey & Associates, Inc License #BR549524000 Listed on: 03/27/2012

Last Buyer's Agent

Joseph Davis

CastleRock Communities License #BR511983000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,953

Year Built

  • Built in 1963

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Laundry

  • Washer and Dryer Hookup

Parking

  • On-Street Parking
  • Assigned Parking

Schools

  • Clarendon Elementary School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Community Details

  • $3,204 per year Dock Fee
  • 4 Units
  • Building Dimensions are LARGE

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,953

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range, Refrigerator, W/D Hookup
  • Construction Finish: Painted
  • Cross Street: INDIAN SCHOOL AND 23RD AVENUE
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 7
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 4200
  • Legal Description Abbrev: Indian Wells
  • Marketing Name: Indian Wells
  • Ownership: Fee Simple
  • Map Code Grid: P33
  • Year Built: 1963
  • Tax Year: 2011
  • Directions: From 23rd Ave. and Indian School go north on 23rd Ave. to Devonshire east to property on north side of the street.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping, Fenced, Green Landscaping, Landscape Wtr System, Patio/Balcony
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: 1 Space/Unit, Assigned, Free, Street Parking
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise, Master Meter
  • Electric: Individual Meter, SRP
  • Cooling: Electric, Individual
  • Heating: Electric, Heat Pump, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Clarendon School
  • Middle School: Clarendon School
  • High School: Central High School
  • Elementary School: Clarendon School
  • High School: Central High School
  • Junior High School: Clarendon School

Lot Info

  • Lot Size: LARGE

Multi Family

  • Income And Expenses Annual Landscape Exp: 900.00
  • Income And Expenses Annual Maint Exp: 2500.00
  • Income And Expenses Annual Mgmt Exp: 1850.00
  • Income And Expenses Net Operating Income: 21000.00
  • Income And Expenses Operating Exp: 8454.00
  • Income And Expenses Totl Mnth Rntal Inc: 21600.00
  • Income And Expenses Vacancy Allowance: 0.15
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 2
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 450.00
  • Two Bedroom Units Avg Sq Ft: 801
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 3204.00

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
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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 Type Sale Price Title Company
Warranty Deed -- Pioneer Title Agency Inc
Warranty Deed $387,500 Pioneer Title Agency Inc
Warranty Deed $259,500 Security Title Agency Inc
Warranty Deed $155,000 Security Title Agency
Cash Sale Deed $147,500 Lawyers Title Of Arizona Inc
Cash Sale Deed $60,000 Security Title Agency
Trustee Deed $250,262 None Available
Warranty Deed $265,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed -- --
Warranty Deed $225,780 Capital Title Agency Inc
Warranty Deed $155,000 Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Interfamily Deed Transfer -- Ati Title Agency
Interfamily Deed Transfer -- Ati Title Agency
Interfamily Deed Transfer -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $570,000 Commercial
Previous Owner $254,799 FHA
Previous Owner $108,500 Commercial
Previous Owner $238,500 Purchase Money Mortgage
Previous Owner $238,500 Purchase Money Mortgage
Previous Owner $203,202 Commercial
Previous Owner $100,000 Commercial
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4735374

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-048