NOT LISTED FOR SALE

2234 E Sheridan St Phoenix, AZ 85006

Estimated Value: $496,652 - $690,000

4 Beds
2 Baths
2,056 Sq Ft
$290/Sq Ft Est. Value

Last Sold April 05, 2017

Last sale price $150,000 $73 Per Sq Ft

Est. 297% increase in value since last sale

Current estimated payment $3,442/month

772 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of April 2017

BACK ON THE MARKET! Buyer unable to qualify! Great INCOME opportunity!! Landlord has been the owner since 1981!!! Always maintained, this duplex has over 2,000 square feet. Each unit has two bedrooms and one bath. The front house has hardwood floors and a fireplace, and the back unit has central air and heating. Washer and dryer in laundry area available to tenants to share. Basement storage in front house and storage and back yard available for either unit. Each unit has a long term tenant. BACKUP OFFERS BEING ACCEPTED!!!

Last Listed By

Teri Ellis

Homes Arizona Real Estate, LLC License #BR524660000 Listed on: 12/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $998

Year Built

  • Built in 1940

Lot Details

  • 6,882

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Foam Roof

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 117-08-089

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 0
  • Avalon Annex Subdivision

Building Details

  • Operating Expense $3,358
  • Net Operating Income $12,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$998

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 22nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 2
  • Year Built: 1940
  • Tax Year: 2015
  • Directions: North on 24th Street from McDowell, left or west on Oak, North on 22nd Street, left or west on Sheridan. Home is on right
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: Avalon Annex
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition, Foam

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Central, Window/Wall Unit(s), Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Furnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 117-08-089

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 500.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 12540.0
  • Annual Operating Expense: 3358.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 998.0
  • Tax Book Number: 117.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2014
Closed on
Mar 30, 2017
Sold by
Tang Yi
Bought by
Zhao Jianwu
Seller's Agent
Teri Ellis
Homes Arizona Real Estate, LLC
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$179,400
Sold Price
$150,000
Premium/Discount to List
-$29,400
-16.39%
Total Days on Market
772
Current Estimated Value
$595,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,913
Avg. Annual Appreciation
18.85%
Original Mortgage
$113,250
Outstanding Balance
$61,619
Interest Rate
4.16%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$550,137

Purchase Details

Closed on
Mar 16, 2001
Sold by
Ellis Teri Schienle and Ellis Roland
Bought by
Ellis Hebert Roland and Ellis Teri

Purchase Details

Closed on
Oct 16, 1995
Sold by
Ellis Teri Schienle and Ellis Roland
Bought by
Ellis Teri Schienle and Ellis Roland

Purchase Details

Closed on
Sep 6, 1994
Sold by
Schienle Raymond L and Schienle Teri
Bought by
Ellis Roland and Ellis Teri

Purchase Details

Closed on
Jul 13, 1994
Sold by
Thompson Willie L
Bought by
Hawkins Roy D and Hawkins Idella M

Range of Values:

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Average Value
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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
Zhao Jianwu -- Chicago Title
Zhao Jianwu $151,000 Chicago Title Agency Inc
Ellis Hebert Roland -- First American Title
Ellis Teri Schienle -- First American Title Co
Ellis Roland -- --
Hawkins Roy D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Jianwu $113,250
Previous Owner Ellis Hebert Roland $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2017 04/05/17 Sold $150,000 -16.4% $73 / Sq Ft
03/08/2017 03/08/17 For Sale $179,400 0.0% $87 / Sq Ft
03/08/2017 03/08/17 Price Changed $179,400 0.0% $87 / Sq Ft
03/07/2017 03/07/17 For Sale $179,400 0.0% $87 / Sq Ft
03/07/2017 03/07/17 Price Changed $179,400 0.0% $87 / Sq Ft
02/14/2017 02/14/17 For Sale $179,400 0.0% $87 / Sq Ft
02/14/2017 02/14/17 Price Changed $179,400 0.0% $87 / Sq Ft
01/18/2017 01/18/17 Pending -- -- --
01/06/2017 01/06/17 Pending -- -- --
01/03/2017 01/03/17 Pending -- -- --
11/02/2016 11/02/16 For Sale $179,400 0.0% $87 / Sq Ft
10/31/2016 10/31/16 Price Changed $179,400 0.0% $87 / Sq Ft
09/20/2016 09/20/16 For Sale $179,400 0.0% $87 / Sq Ft
09/20/2016 09/20/16 Price Changed $179,400 -5.3% $87 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
12/08/2014 12/08/14 For Sale $189,400 -- $92 / 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 $1,272 $9,783 -- --
2024 $1,257 $9,317 -- --
2023 $1,257 $36,030 $7,200 $28,830
2022 $1,180 $26,910 $5,380 $21,530
2021 $1,212 $22,670 $4,530 $18,140
2020 $1,182 $18,400 $3,680 $14,720
2019 $1,174 $15,360 $3,070 $12,290
2018 $1,150 $12,860 $2,570 $10,290
2017 $1,105 $12,510 $2,500 $10,010
2016 $1,061 $10,460 $2,090 $8,370
2015 $988 $9,200 $1,840 $7,360
Source: Public Records

Agents Affiliated with this Home

  • Teri Ellis

    Seller's Agent in 2017

    Teri Ellis

    Homes Arizona Real Estate, LLC

    Section Image

  • M

    Buyer's Agent in 2017

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 343-8537

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5208688

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-08-089

Arizona Maricopa County Phoenix 85006

2234 E Sheridan St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2234 E Sheridan St, Phoenix, AZ 85006 since 08 December 2014 and is currently estimated at $595,913, approximately $289 per square foot. This property was built in 1940. 2234 E Sheridan St is a home located in Maricopa County with nearby schools including William T Machan Elementary School, Camelback High School, 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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