NOT LISTED FOR SALE

2217 E Cactus Rd Phoenix, AZ 85022

Paradise Valley Village Neighborhood

Estimated Value: $541,350 - $1,065,000

Studio
-- Bath
3,472 Sq Ft
$224/Sq Ft Est. Value

Last Sold February 22, 2016

Last sale price $275,000 $79 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $4,181/month

162 Days on Market

Highlights

  • Cooling Available
  • Mercury Mine Elementary School Rated A
  • Heating Available

About This Home

As of February 2016

Four plex fully occupied. No HOA. All 2 Bedroom & 2 Bathroom Units! Covered Parking, Laundry in Each Building, Large Living & Bed Rooms, Storage Space on Patio of Each Unit.

Last Agent to Sell the Property

Jordyn Weekly

West USA Realty License #SA657972000 Listed on: 07/31/2015

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,117

Year Built

  • Built in 1979

Lot Details

  • 9,060

Home Design

  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Paradise Valley High Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 314
  • Assessor Parcel Number 166-26-344

Community Details

Overview

  • 4 Units
  • Building Dimensions are 80x111
  • Paradise Valley West Subdivision

Building Details

  • Operating Expense $8,077
  • Gross Income $31,246
  • Net Operating Income $24,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,117

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Cactus Road & Cave Creek Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: PARADISE VALLEY WEST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile, Foam, Other, See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 694.0

Schools

  • Elementary School: Paradise Valley High School
  • High School: Shadow Mountain High School
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Lot Size: 80x111
  • Additional Parcels: No
  • Parcel #: 166-26-344

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 4000.0
  • Annual Gross Income: 31245.5
  • Insurance Expense: 600.0
  • Maintenance Expense: 1666.0
  • Property Net Operating Income: 24575.0
  • Annual Operating Expense: 8077.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1117.0
  • Tax Book Number: 166.00
  • Tax Lot: 314

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2023
Sold by
Cundy Michael and Cundy Tacey
Bought by
Cundy 2021 Revocable Trust and Cundy
Current Estimated Value
$777,838

Purchase Details

Listed on
Jul 31, 2015
Closed on
Feb 16, 2016
Sold by
New Age Real Estate Group
Bought by
Beasley Ralph and Beasley Peggy
Seller's Agent
Jordyn Weekly
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$310,000
Sold Price
$275,000
Premium/Discount to List
-$35,000
-11.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$82,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2012
Sold by
Defalco Gus and Defalco Jennifer
Bought by
New Age Real Estate Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
3.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 14, 2010
Sold by
Defalco Gus
Bought by
Defalco Gus and Defalco Jennifer

Purchase Details

Closed on
Jun 10, 2010
Sold by
Fannie Mae
Bought by
Defalco Gus

Purchase Details

Closed on
Mar 17, 2010
Sold by
Terzic Mirko
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 21, 2007
Sold by
Terzic Mara
Bought by
Terzic Mirko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Terzic Mirko
Bought by
Terzic Mara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2001
Sold by
Sekuljica Arsen
Bought by
Terzic Mirko and Terzic Mara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,583
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 1997
Sold by
Senska Edmund M and Senska Margaret A
Bought by
Sekuljica Arsen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,734
Interest Rate
7.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1995
Sold by
Coody Lawrence E and Coody Pamela V
Bought by
Senska Edmund M and Senska Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,150
Interest Rate
8.75%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Cundy 2021 Revocable Trust -- None Listed On Document
Beasley Ralph $275,000 First American Title Ins Co
New Age Real Estate Group Llc $220,000 Chicago Title Agency Inc
Defalco Gus -- None Available
Defalco Gus -- Lawyers Title Of Arizona Inc
Defalco Gus $111,500 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $339,139 First American Title
Terzic Mirko -- First American Title Ins Co
Terzic Mara -- Fidelity National Title
Terzic Mirko $160,000 Capital Title Agency
Sekuljica Arsen $140,000 First Southwestern Title
Senska Edmund M $113,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beasley Ralph $82,500
Previous Owner New Age Real Estate Group Llc $152,500
Previous Owner Terzic Mirko $319,000
Previous Owner Terzic Mara $269,500
Previous Owner Terzic Mirko $158,583
Previous Owner Sekuljica Arsen $137,734
Previous Owner Senska Edmund M $102,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2016 02/22/16 Sold $275,000 -11.3% $79 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
07/30/2015 07/30/15 For Sale $310,000 -- $89 / 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 $1,370 $13,405 -- --
2024 $1,306 $12,766 -- --
2023 $1,306 $42,010 $8,400 $33,610
2022 $1,293 $38,020 $7,600 $30,420
2021 $1,297 $36,520 $7,300 $29,220
2020 $1,257 $31,880 $6,370 $25,510
2019 $1,259 $26,630 $5,320 $21,310
2018 $1,217 $26,170 $5,230 $20,940
2017 $1,167 $25,870 $5,170 $20,700
2016 $1,147 $25,120 $5,020 $20,100
2015 $1,063 $21,250 $4,250 $17,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jordyn Weekly

    West USA Realty

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5314364

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-26-344

Arizona Maricopa County Phoenix 85022 Paradise Valley Village

2217 E Cactus Rd, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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