$155,000
SOLD APR 29, 2014

2202 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood
-- Bed
-- Bath
801 Sq Ft
0.27 Acres

Recently Sold

$194 Per Sq Ft

6% Below List Price

92 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

JUST REDUCED!! Excellent income property with 100% occupancy! These buildings have newer roofs and air conditioners (2012), each unit with a washer/dryer hook up, many units with the appliances included. New security doors installed on each unit this year and security lighting in the parking area. Full inventory list and financials available upon offer acceptance. Units have all been maintained and have happy, paying tenants. Each unit has a private patio and features two bedrooms and a full jack and jill bathroom. Must be sold with adjacent property MLS # 5044403

Last Agent to Sell the Property

Lindsay Baker

Evolution Real Estate, LLC License #BR579474000 Listed on: 12/19/2013

Last Buyer's Agent

Steve Russell

RE/MAX Solutions License #SA649415000

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,264

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • 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 $7,569
  • Net Operating Income $16,936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,264

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Indian School & 23rd Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2013
  • Directions: North on 23rd Ave to Devonshire, East to Property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1920.0
  • Subdivision Name: Indian Wells
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: 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: 1685.03

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, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 16936.44
  • Annual Operating Expense: 7569.01

Tax Info

  • Tax Annual Amount: 1263.98
  • 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
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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: 5044409

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-048