Seller's Agent in 2024
Chris Scott
HomeSmart
(602) 321-4163
6 in this area
55 Total Sales
2311 W Fairmount Ave Phoenix, AZ 85015
Alhambra NeighborhoodEstimated Value: $440,648 - $466,000
Studio
--
Bath
1,816
Sq Ft
$249/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of September 2024This prime duplex offers an exceptional investment opportunity in the heart of Metro Phoenix. Featuring two beautifully remodeled units, each with 2 beds and 2 baths, this property is ideal for investors seeking a high-quality, low-maintenance addition to their portfolio. Both units have been recently updated with upgraded kitchens featuring quartz countertops, subway tile backsplash, and stainless steel appliances. Interiors include ceramic tile flooring throughout, a modern design, and no popcorn ceilings. The property has newer vinyl dual-pane windows, newer water heaters, in-unit laundry facilities, and modern ABS plumbing. Exterior highlights include on-site covered parking, a private courtyard, private storage areas, and block fencing. Centrally located near major freeways and... transportation hubs, this property offers easy access to Downtown Phoenix, attractions, major employers, medical hubs, and leading universities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,270
Year Built
- Built in 1981
Lot Details
- Property fronts an alley
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- 2 Covered Spaces
- Common or Shared Parking
- On-Street Parking
Schools
- Westwood Primary Elementary School
- R E Simpson Middle School
- Central High School
Utilities
- Multiple cooling system units
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 39
- Assessor Parcel Number 110-04-029
Community Details
Overview
- 2 Units
- Building Dimensions are 8688
- Gerardo Park Lots 11 39 Subdivision
Building Details
- Operating Expense $6,226
- Gross Income $36,829
- Net Operating Income $30,603
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2024
Closed on
Aug 28, 2024
Sold by
Hole Travis and Hole Amanda
Bought by
Arocha Sergio Arturo
Seller's Agent
Chris Scott
HomeSmart
Buyer's Agent
Rafal Sikorski
eXp Realty
List Price
$440,000
Sold Price
$440,000
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,026
Avg. Annual Appreciation
1.76%
Original Mortgage
$432,030
Outstanding Balance
$427,192
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$24,470
Purchase Details
Listed on
Feb 13, 2020
Closed on
Jun 8, 2020
Sold by
Coconut Properties Llc
Bought by
Hole Travis and Hole Amanda
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Chris Scott
HomeSmart
List Price
$349,000
Sold Price
$303,000
Premium/Discount to List
-$46,000
-13.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$227,250
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 3, 2020
Sold by
Krell Mason
Bought by
Cocount Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,476
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 25, 2019
Sold by
The District Phx Llc
Bought by
Krell Mason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 24, 2019
Sold by
Krell Chole and Krell Mason
Bought by
Krell Mason and Krell Chole
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 10, 2011
Sold by
Fuerza Capital Llc
Bought by
Dammeyer Paul and Dammeyer Scott
Purchase Details
Closed on
Dec 8, 2010
Sold by
Us Bank National Association
Bought by
Fuerza Capital Llc
Purchase Details
Closed on
Mar 31, 2010
Sold by
Cerros Obed
Bought by
Us Bank National Association
Purchase Details
Closed on
Oct 19, 2005
Sold by
Cerros Obed
Bought by
Cerros Obed and Cerros Leonardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 21, 2003
Sold by
Smiley Fred I and Smiley Charlene H
Bought by
Shaiyah Monera J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
5.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2000
Sold by
Hud
Bought by
Smiley Fred I and Smiley Charlene H
Purchase Details
Closed on
Sep 13, 2000
Sold by
Gmac Mtg Corp
Bought by
Hud
Purchase Details
Closed on
Jun 21, 1996
Sold by
Hud
Bought by
Fashakin David O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,477
Interest Rate
8.39%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 9, 1996
Sold by
Fleet Mtg Corp
Bought by
Hud
Purchase Details
Closed on
Nov 30, 1995
Sold by
Denney Patricia L
Bought by
Fleet Mtg Corp and Fleet Real Estate Funding Corp
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arocha Sergio Arturo | $440,000 | American Title Service Agency | |
| Hole Travis | $303,000 | Empire West Title Agency Llc | |
| Cocount Properties Llc | $245,000 | West Title Agency | |
| Krell Mason | $210,000 | Valleywide Title Agency | |
| The District Phx Llc | $160,000 | Valleywide Title Agency | |
| Krell Mason | -- | Valleywide Title Agency | |
| Dammeyer Paul | $100,000 | Sterling Title Agency Llc | |
| Fuerza Capital Llc | $21,000 | First American Title Ins Co | |
| Us Bank National Association | $65,000 | Accommodation | |
| Cerros Obed | -- | -- | |
| Cerros Obed | -- | Title Security Agency Of Az | |
| Cerros Obed | $197,000 | Title Security Agency Of Az | |
| Shaiyah Monera J | $126,000 | Lawyers Title Ins Corp | |
| Smiley Fred I | -- | First Southwestern Title | |
| Hud | -- | Security Title Agency | |
| Gmac Mtg Corp | $67,880 | Security Title Agency | |
| Gmac Mtg Corp | $67,880 | Security Title Agency | |
| Fashakin David O | -- | First Southwestern Title | |
| Hud | -- | First Southwestern Title | |
| Fleet Mtg Corp | -- | First Southwestern Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arocha Sergio Arturo | $432,030 | |
| Previous Owner | Hole Travis | $227,250 | |
| Previous Owner | Cocount Properties Llc | $252,476 | |
| Previous Owner | Krell Mason | $2,000,000 | |
| Previous Owner | Cerros Obed | $157,600 | |
| Previous Owner | Shaiyah Monera J | $94,500 | |
| Previous Owner | Fashakin David O | $75,477 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/19/2024 09/19/24 | Sold | $440,000 | 0.0% | $242 / Sq Ft | |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- | |
| 07/12/2024 07/12/24 | For Sale | $440,000 | +45.2% | $242 / Sq Ft | |
| 06/12/2020 06/12/20 | Sold | $303,000 | -3.8% | $167 / Sq Ft | View Prior Sale |
| 05/09/2020 05/09/20 | Pending | -- | -- | -- | |
| 04/07/2020 04/07/20 | Price Changed | $315,000 | -9.5% | $173 / Sq Ft | |
| 03/27/2020 03/27/20 | Price Changed | $348,000 | -0.3% | $192 / Sq Ft | |
| 02/24/2020 02/24/20 | For Sale | $349,000 | 0.0% | $192 / Sq Ft | |
| 02/18/2020 02/18/20 | Pending | -- | -- | -- | |
| 02/13/2020 02/13/20 | For Sale | $349,000 | -- | $192 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,391 | $8,800 | -- | -- |
| 2024 | $1,270 | $8,381 | -- | -- |
| 2023 | $1,270 | $29,210 | $5,840 | $23,370 |
| 2022 | $1,251 | $21,500 | $4,300 | $17,200 |
| 2021 | $1,262 | $18,750 | $3,750 | $15,000 |
| 2020 | $1,214 | $16,430 | $3,280 | $13,150 |
| 2019 | $1,199 | $13,730 | $2,740 | $10,990 |
| 2018 | $1,107 | $11,950 | $2,390 | $9,560 |
| 2017 | $1,093 | $10,600 | $2,120 | $8,480 |
| 2016 | $1,046 | $9,020 | $1,800 | $7,220 |
| 2015 | $990 | $7,520 | $1,500 | $6,020 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Scott
-
Rafal Sikorski
R
Buyer's Agent in 2024
Rafal Sikorski
eXp Realty
(480) 699-1820
1 in this area
55 Total Sales
-
Linda Gerchick
Seller's Agent in 2020
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
8 in this area
108 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6730301
APN: 110-04-029
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.
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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