NOT LISTED FOR SALE

2323 W Fairmount Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $416,413 - $562,000

Studio
-- Bath
2,664 Sq Ft
$175/Sq Ft Est. Value

Last Sold September 04, 2024

Last sale price $450,000 $169 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,598/month

73 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2024

All 2 bedroom/2 bath triplex. End units have huge side, front and backyards. Dedicated off street parking 2 spots per unit. 2 units are updated.

Last Agent to Sell the Property

Cari Darcus

Northpoint Asset Management License #BR693969000 Listed on: 06/12/2024

Last Buyer's Agent

Justin Titus

My Home Group Real Estate License #SA687713000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,544

Year Built

  • Built in 1981

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 37
  • Assessor Parcel Number 110-04-027

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRREG
  • Gerardo Park Lots 1 10 Subdivision

Building Details

  • Operating Expense $6,884
  • Gross Income $36,000
  • Net Operating Income $29,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,544

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Indian School/23rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 2340.0
  • Subdivision Name: GERARDO PARK LOTS 1-10
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRREG
  • Additional Parcels: No
  • Parcel #: 110-04-027

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 3
  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 29116.0
  • Annual Operating Expense: 6884.0

Tax Info

  • Tax Annual Amount: 1544.0
  • Tax Book Number: 110.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Sep 17, 2024
Sold by
Papabear Properties Llc
Bought by
Ehsaan Properties Llc
Seller's Agent
Cari Darcus
Northpoint Asset Management
Buyer's Agent
Justin Titus
My Home Group Real Estate
List Price
$550,000
Sold Price
$450,000
Premium/Discount to List
-$100,000
-18.18%
Views
29
Current Estimated Value
$472,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,255
Avg. Annual Appreciation
2.34%

Purchase Details

Listed on
Nov 3, 2016
Closed on
Oct 24, 2016
Sold by
Koosh Llc
Bought by
Papabear Properties Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jonathan Pear
Success Property Brokers
List Price
$189,000
Sold Price
$177,000
Premium/Discount to List
-$12,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%

Purchase Details

Closed on
Jan 24, 2011
Sold by
Maland Thomas
Bought by
Koosh Llc

Purchase Details

Closed on
Dec 5, 2006
Sold by
Alanis Hugo and Alanis Gloria
Bought by
Maland Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 1999
Sold by
Shields Cynthia R and Maynard Debra K
Bought by
Alanis Hugo and Alanis Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,806
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1994
Sold by
Cisneros Henry G
Bought by
Shields Cynthia R and Maynard Debra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,824
Interest Rate
8.3%
Mortgage Type
FHA
Source: Public Records
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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
Ehsaan Properties Llc $450,000 Security Title Agency
Papabear Properties Llc $177,000 Chicago Title Agency
Koosh Llc $60,500 Old Republic Title Agency
Maland Thomas $260,000 Great American Title Agency
Alanis Hugo $106,000 Capital Title Agency
Shields Cynthia R -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maland Thomas $208,000
Previous Owner Alanis Hugo $104,806
Previous Owner Shields Cynthia R $69,824
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/04/2024 09/04/24 Sold $450,000 -8.0% $169 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $489,000 -4.1% $184 / Sq Ft
07/17/2024 07/17/24 Price Changed $510,000 -7.3% $191 / Sq Ft
06/12/2024 06/12/24 For Sale $550,000 +210.7% $206 / Sq Ft
10/28/2016 10/28/16 Sold $177,000 -6.3% $66 / Sq Ft View Prior Sale
10/18/2016 10/18/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $189,000 -- $71 / 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 $1,691 $10,694 -- --
2024 $1,544 $10,185 -- --
2023 $1,544 $36,060 $7,210 $28,850
2022 $1,520 $27,060 $5,410 $21,650
2021 $1,534 $23,330 $4,660 $18,670
2020 $1,475 $20,570 $4,110 $16,460
2019 $1,457 $17,450 $3,490 $13,960
2018 $1,345 $15,000 $3,000 $12,000
2017 $1,328 $13,410 $2,680 $10,730
2016 $1,272 $11,580 $2,310 $9,270
2015 $1,204 $9,680 $1,930 $7,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6718301

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-027

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