NOT LISTED FOR SALE

2241 N 29th St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $460,761 - $878,000

-- Bed
-- Bath
2,859 Sq Ft
$224/Sq Ft Est. Value

Last Sold October 03, 2013

Last sale price $200,000 $70 Per Sq Ft

Est. 221% increase in value since last sale

Current estimated payment $3,721/month

15 Days on Market

Highlights

  • Cooling Available
  • The Creighton Academy Rated 9+
  • Heat Pump System

About This Home

As of October 2013

This is a well maintained, easy to rent, turnkey investment property. They dont come any cleaner or nicer than this. NEW ROOF, NEWER AC UNITS....Lots of upgrades. WELL MAINTAINED! Laundry income too and a great location. DRIVE-BY ONLY. Nice up and coming residential neighborhood with easy access to Arcadia, The Biltmore, Camelback corridor and the 202 freeway. A profitable, easy to manage, investment with a CAP rate over 7%. Replacements include tile, showers, vanity, faucets, tub, fridges, stoves, ceiling fans, and much more.

Last Listed By

John Oliver

Century 21 Arizona Foothills License #SA542407000 Listed on: 08/10/2013

Century 21 Arizona Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $897

Year Built

  • Built in 1963

Lot Details

  • 7,623

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Tax Lot 46
  • Assessor Parcel Number 120-26-077

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $3,752
  • Gross Income $25,400
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$897

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: THOMAS & 29TH STREET
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2012
  • Directions: S. on 29th St. from Thomas. Just south of Oak
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • 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:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 467.0
  • Annual Water Sewer Expense: 2088.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 120-26-077

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25400.0
  • Property Net Operating Income: 15400.0
  • Annual Operating Expense: 3752.0

Tax Info

  • Tax Annual Amount: 897.0
  • Tax Book Number: 120.00
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2014
Sold by
Pinzon Luis A
Bought by
Lp Property Rentals Llc
Total Days on Market
15
Current Estimated Value
$641,440

Purchase Details

Listed on
Aug 10, 2013
Closed on
Aug 26, 2013
Sold by
Schultz Robert John and Schultz Paula Ann
Bought by
Pinzon Luis A
Seller's Agent
John Oliver
Century 21 Arizona Foothills
Buyer's Agent
Peter McCormick
HomeSmart
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.57%
Original Mortgage
$150,000
Interest Rate
4.57%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2005
Sold by
Schultz Robert John
Bought by
Schultz Robert John and Schultz Paula Ann

Purchase Details

Closed on
Feb 20, 2004
Sold by
Velez Anadeli
Bought by
Saxton Randy William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2000
Sold by
Daniels Linchong C
Bought by
Velez Anadeli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,802
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
May 17, 1996
Sold by
Smith Allie Ann and The Smith Family Trust
Bought by
Daniels Linchong C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
7.8%
Mortgage Type
New Conventional

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
Lp Property Rentals Llc -- Security Title Agency
Pinzon Luis A $200,000 First American Title Ins Co
Schultz Robert John -- --
Saxton Randy William -- Tsa Title Agency
Velez Anadeli $123,000 American Title Insurance
Daniels Linchong C $65,000 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pinzon Luis A $150,000
Previous Owner Schultz Robert John $57,360
Previous Owner Schultz Robert John $95,771
Previous Owner Schultz Robert J $83,700
Previous Owner Saxton Randy William $127,000
Previous Owner Velez Anadeli $122,802
Previous Owner Daniels Linchong C $45,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2013 10/03/13 Sold $200,000 -4.8% $70 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
08/10/2013 08/10/13 For Sale $210,000 -- $73 / 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 $1,759 $13,529 -- --
2024 $1,739 $12,884 -- --
2023 $1,739 $49,320 $9,860 $39,460
2022 $1,670 $36,760 $7,350 $29,410
2021 $1,711 $29,860 $5,970 $23,890
2020 $1,669 $24,280 $4,850 $19,430
2019 $1,658 $20,280 $4,050 $16,230
2018 $1,624 $18,550 $3,710 $14,840
2017 $1,561 $17,110 $3,420 $13,690
2016 $1,500 $14,750 $2,950 $11,800
2015 $1,396 $13,030 $2,600 $10,430
Source: Public Records

Agents Affiliated with this Home

  • John Oliver

    Seller's Agent in 2013

    John Oliver

    Century 21 Arizona Foothills

    (602) 790-8140

    1 in this area

    13 Total Sales

    John Oliver
    Section Image
  • Peter McCormick

    Buyer's Agent in 2013

    Peter McCormick

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4981574

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-26-077

Arizona Maricopa County Phoenix 85008 Camelback East Village

2241 N 29th St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2241 N 29th St, Phoenix, AZ 85008 since 10 August 2013 and is currently estimated at $641,440, approximately $224 per square foot. This property was built in 1963. 2241 N 29th St is a home located in Maricopa County with nearby schools including The Creighton Academy, 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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