NOT LISTED FOR SALE

2241 E Cactus Rd Phoenix, AZ 85022

Paradise Valley Neighborhood

Estimated Value: $883,000 - $1,409,000

-- Bed
-- Bath
3,472 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $304,691 $88 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $6,257/month

14 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Mercury Mine Elementary School Rated A

About This Home

As of June 2012

Great Setting in Single Family Neighborhood! EZ Access - Close to Hwy 51 / 101 & Cave Creek Parkway! All Units are 2 Bed / 2 Bath! All Tile - Updated and Fully Occupied! Rents are $600
Seller is willing to Carry w/Money Down. This is one of 7 Buildings to be sold at the same time. Do Not Disturb Tenants!!

Last Listed By

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 05/17/2012

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 1979

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 318
  • Assessor Parcel Number 166-26-348

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7807

Building Details

  • Gross Income $28,800
  • Net Operating Income $21,131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$978

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road & Cactus
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2011
  • Directions: Located on South Side of Cactus - East of Cave Creek Road
  • Road Frontage Type: Alley
  • Professional Management Expense: 2880.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 429.0
  • Annual Water Sewer Expense: 1560.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 7807
  • Additional Parcels: No
  • Parcel #: 166-26-348

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 28800.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21131.0

Tax Info

  • Tax Annual Amount: 978.0
  • Tax Book Number: 166.00
  • Tax Lot: 318

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Cactus Road Llc
Bought by
Two Two Cactus Llc
Total Days on Market
14
Current Estimated Value
$1,109,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,860,000
Outstanding Balance
$4,622,726
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
-$3,513,726

Purchase Details

Closed on
Feb 18, 2021
Sold by
Na Cactus 5 Llc
Bought by
Cactus Road Llc

Purchase Details

Closed on
Feb 8, 2021
Sold by
Cactus 7 Llc
Bought by
Na Cactus 5 Llc

Purchase Details

Closed on
Jun 1, 2016
Sold by
Na Cactus 5 Llc
Bought by
Cactus 7 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,293,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 10, 2012
Sold by
Giat Nir
Bought by
Na Cactus 5 Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$304,691
Premium/Discount to List
$75,691
33.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 20, 2012
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Giat Nir
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$304,691
Premium/Discount to List
$75,691
33.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 18, 2007
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Mckinivan Charles and Mckinivan Dolores M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.51%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 14, 2002
Sold by
Paravac Ozren and Paravac Ljiljana
Bought by
Mckinivan Charles and Mckinivan Dolores C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 6, 1998
Sold by
Carroll Eugene W and Carroll Noemi
Bought by
Paravac Ozren and Paravac Ljiljana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,575
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1996
Sold by
Schaffron Herbert B
Bought by
Carroll Eugene W and Carroll Noemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
8.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1996
Sold by
Schaffron Florence H
Bought by
Schaffron Herbert B and Fhs Irrevocable Trust

Purchase Details

Closed on
Aug 16, 1994
Sold by
Mcconnell Michael S
Bought by
Schaffron Florence H

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Two Two Cactus Llc $6,250,000 American Title Services
Cactus Road Llc $2,500,000 American Title Svc Agcy Llc
Na Cactus 5 Llc -- American Title Svc Agcy Llc
Cactus 7 Llc -- None Available
Na Cactus 5 Llc $1,601,300 Magnus Title Agency
Giat Nir $304,691 Magnus Title Agency
Giat Nir $304,691 Magnus Title Agency
Mckinivan Charles -- Chicago Title Insurance Comp
Mckinivan Charles $180,000 First American Title Ins Co
Paravac Ozren $150,400 First American Title
Carroll Eugene W $137,000 Nations Title Insurance
Schaffron Herbert B -- --
Schaffron Florence H $109,000 Network Escrow & Title Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Two Two Cactus Llc $4,860,000
Previous Owner Cactus 7 Llc $1,293,000
Previous Owner Giat Nir $239,691
Previous Owner Mckinivan Charles $245,000
Previous Owner Mckinivan Charles $144,000
Previous Owner Paravac Ozren $146,575
Previous Owner Carroll Eugene W $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $304,691 +33.1% $88 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $229,000 -- $66 / 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 $1,313 $13,191 -- --
2024 $1,286 $12,563 -- --
2023 $1,286 $41,320 $8,260 $33,060
2022 $1,224 $37,420 $7,480 $29,940
2021 $1,231 $35,770 $7,150 $28,620
2020 $1,192 $31,230 $6,240 $24,990
2019 $1,195 $26,260 $5,250 $21,010
2018 $1,154 $25,860 $5,170 $20,690
2017 $1,106 $25,600 $5,120 $20,480
2016 $1,087 $24,710 $4,940 $19,770
2015 $1,007 $20,980 $4,190 $16,790
Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2012

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    4 in this area

    37 Total Sales

    Rick Horst
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4761057

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-26-348

Arizona Maricopa County Phoenix 85022 Paradise Valley

2241 E Cactus Rd, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2241 E Cactus Rd, Phoenix, AZ 85022 since 17 May 2012 and is currently estimated at $1,109,000, approximately $319 per square foot. This property was built in 1979. 2241 E Cactus Rd is a home located in Maricopa County with nearby schools including Mercury Mine Elementary School, Shea Middle School, and Shadow Mountain High School.

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

Nearby Homes