NOT LISTED FOR SALE

2226 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $584,000 - $717,591

2 Beds
-- Bath
1,642 Sq Ft
$388/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $490,000 $298 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,533/month

3 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of June 2021

Great Opportunity To Own This Fourplex Just Minutes From GCU And Lots Of Businesses. This Sound Block Building Has Newer Roof. Newer HVAC Units And Several Updated Electric Panels. This Property Features Decorative Block Fence Surrounding A Private Common Courtyard With Mature Trees And Landscaping. Unlike Many Properties In The Area There Is Also A Private Gated Parking Area With Four Covered Spots. There Are Two 2 Bedroom Units, One 3 Bedroom Unit And One 1 Bedroom Unit. The 3 Bedroom Unit Has A Large Shared Fenced Back Yard. The Current Leases Are Month To Month And Very Much Under Current Market. Which Will Give You The Ability To Change Leases And Tenants Or Bring Current Tenants To Market Value Within 30 To 60 Days Of Ownership. DRIVE BY ONLY! DO NOT DISTURB TENANTS!!!

Last Agent to Sell the Property

David Kupfer

Keller Williams Realty Sonoran Living License #SA034283000 Listed on: 06/11/2021

Keller Williams Realty Sonoran Living

Co-Listed By

Nikki Kupfer

Keller Williams Realty Sonoran Living License #SA035511000

Last Buyer's Agent

Gunnar Kupfer

Keller Williams Realty Sonoran Living License #SA676902000

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,758

Year Built

  • Built in 1962

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Schools

  • Alma Elementary School
  • Alhambra High Middle School
  • Phoenix Union Cyber High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 112
  • Assessor Parcel Number 154-29-002-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 12632

Recreation

  • Community Playground

Building Details

  • Operating Expense $6,758
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,758

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Indian School and 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 2
  • Year Built: 1962
  • Tax Year: 2020
  • Directions: North on 23rd Ave from Indian School Rd East on Heatherbrae Dr to Property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Alley
  • Co List Office Mls Id: kwaf01
  • Co List Office Phone: 480-759-4300
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Common
  • 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:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 3240.0

Schools

  • Elementary School: Alma Elementary School
  • High School: Phoenix Union Cyber High School
  • Middle Or Junior School: Alhambra High School

Lot Info

  • Lot Size: 12632
  • Additional Parcels: No
  • Parcel #: 154-29-002-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Annual Gross Income: 25200.0
  • Insurance Expense: 1400.0
  • Annual Operating Expense: 6758.0

Tax Info

  • Tax Annual Amount: 1758.0
  • Tax Book Number: 154.00
  • Tax Lot: 112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2022
Sold by
Favaro and Susan
Bought by
Lakeside Partner Holdings Ltd Llc
Current Estimated Value
$637,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$364,046
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$273,602

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jun 19, 2021
Sold by
Orlando John James
Bought by
Lakeside Partner Holdings Ltd Llc
Seller's Agent
David Kupfer
Keller Williams Realty Sonoran Living
Buyer's Agent
Gunnar Kupfer
Keller Williams Realty Sonoran Living
List Price
$480,000
Sold Price
$490,000
Premium/Discount to List
$10,000
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
6.36%

Purchase Details

Listed on
Oct 15, 2014
Closed on
Nov 15, 2014
Sold by
John & Vince Properties Llc
Bought by
Orlando John James
Seller's Agent
zach blauvelt
My Home Group Real Estate
Buyer's Agent
Joi Orlando
HomeSmart
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.88%
Original Mortgage
$131,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2013
Sold by
Eadelman Andrew M
Bought by
John & Vince Properties Llc

Purchase Details

Closed on
Mar 20, 2002
Sold by
Rupp Vincent
Bought by
Rupp Vincent and Rupp Trust
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 Buyer Sale Price Title Company
Lakeside Partner Holdings Ltd Llc -- Old Republic Title
Favaro Richard -- Old Republic Title
Lakeside Partner Holdings Ltd Llc $490,000 Phoenix Title & Escrow Agency
Orlando John James $175,000 Security Title Agency
John & Vince Properties Llc $125,000 Chicago Title Agency Inc
Rupp Vincent -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Favaro Richard $392,000
Closed Lakeside Partner Holdings Ltd Llc $392,000
Previous Owner Orlando John James $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $490,000 -1.0% $298 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/14/2021 06/14/21 Price Changed $495,000 +3.1% $301 / Sq Ft
06/11/2021 06/11/21 For Sale $480,000 +174.3% $292 / Sq Ft
11/20/2014 11/20/14 Sold $175,000 0.0% $107 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
10/14/2014 10/14/14 For Sale $175,000 -- $107 / 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 $1,831 $12,746 -- --
2024 $1,840 $12,139 -- --
2023 $1,840 $44,660 $8,930 $35,730
2022 $1,811 $32,550 $6,510 $26,040
2021 $1,829 $28,460 $5,690 $22,770
2020 $1,758 $24,670 $4,930 $19,740
2019 $1,736 $20,660 $4,130 $16,530
2018 $1,603 $17,980 $3,590 $14,390
2017 $1,583 $15,760 $3,150 $12,610
2016 $1,516 $13,500 $2,700 $10,800
2015 $1,435 $11,470 $2,290 $9,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6249279

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-002B