2419 W Laurel Ln Phoenix, AZ 85029
North Mountain Village Neighborhood
2
Beds
1
Bath
1,066
Sq Ft
6,031
Sq Ft Lot
Highlights
- Private Pool
- No HOA
- Eat-In Kitchen
- Thunderbird High School Rated A-
- Covered patio or porch
- Tile Flooring
About This Home
As of July 2021Great Investment Opportunity. Fully renovated. Option for a 1031 Exchange. Property is close to freeway, parks, shopping, restaurants, and schools. Adorable and easy to manage single family residence. Fresh paint throughout. Updated cabinets with tile counter tops. Fenced pool. No HOA. Owner has never occupied premises, so no SPDS and no insurance claims loss history available. Property is leased for $892.50/month. This property is projected to generate total rents of $10,200 less 5% vacancy of $510 per year, equals $8,670 adjusted gross income. Then after projected expenses of $1,572 the net operating income is $7,098 per year based on pro forma. This is a 7.0% CAP Rate. Tenants Rights Prevail. Do Not Disturb. Seller may carry with 25% down, 3 years, 8% interest-only
Last Agent to Sell the Property
Gerchick Real Estate License #BR114848000 Listed on: 07/29/2011
Co-Listed By
Chris Norton
Get Multifamily License #SA641078000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $740
Year Built
- Built in 1970
Lot Details
- 6,031 Sq Ft Lot
- Desert faces the front of the property
- Block Wall Fence
Parking
- 1 Carport Space
Home Design
- Composition Roof
- Block Exterior
- Siding
Interior Spaces
- 1,066 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Microwave
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Private Pool
- Covered patio or porch
Schools
- Moon Valley High Elementary School
- Mountain Sky Middle School
- Thunderbird High School
Utilities
- Refrigerated Cooling System
- Heating Available
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Association fees include no fees
- Valley Vista 4B Subdivision
Listing and Financial Details
- Legal Lot and Block 497 / 12000
- Assessor Parcel Number 149-57-277
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2021
Closed on
Jul 9, 2021
Sold by
Brooks Connie
Bought by
Clark Shauna
Seller's Agent
Cynthia Gomez
DPR Realty LLC
Buyer's Agent
Curtis Johnson
eXp Realty
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%
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
$41,877
Avg. Annual Appreciation
3.37%
Original Mortgage
$8,439
Outstanding Balance
$7,746
Interest Rate
2.96%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$324,131
Purchase Details
Listed on
Jul 29, 2011
Closed on
May 27, 2014
Sold by
Berg Johnson Rental Properties Llc
Bought by
Brooks Connie
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Kris Macias
Century 21 Arizona Foothills
List Price
$100,000
Sold Price
$103,000
Premium/Discount to List
$3,000
3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.70%
Original Mortgage
$101,134
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 14, 2009
Sold by
Appb Management Llc
Bought by
Berg Johnson Rentalproperties Llc
Purchase Details
Closed on
Jun 29, 2009
Sold by
The Bank Of New York
Bought by
Appb Management Llc
Purchase Details
Closed on
Feb 10, 2009
Sold by
Domingo Robin W
Bought by
The Bank Of New York
Purchase Details
Closed on
Sep 28, 2005
Sold by
Perez Margarito and Hurtado Teresa
Bought by
Domingo Robin W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 1, 2002
Sold by
Perez Margarito E
Bought by
Perez Margarito E and Hurtado Teresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,800
Interest Rate
8.75%
Purchase Details
Closed on
Oct 14, 1998
Sold by
Zenillo Denise Carolan and Estate Of Theresa M Carolan
Bought by
Perez Margarito E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,957
Interest Rate
6.71%
Mortgage Type
FHA
Similar Home in Phoenix, AZ
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $290,000 | Fidelity Natl Ttl Agcy Inc | |
| Warranty Deed | $103,000 | Empire West Title Agency | |
| Warranty Deed | -- | Accommodation | |
| Cash Sale Deed | $41,500 | North American Title Company | |
| Trustee Deed | $35,617 | None Available | |
| Warranty Deed | $165,000 | Grand Canyon Title Agency In | |
| Interfamily Deed Transfer | -- | Arizona Title Agency Inc | |
| Warranty Deed | $74,400 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $8,439 | Second Mortgage Made To Cover Down Payment | |
| Open | $281,300 | New Conventional | |
| Previous Owner | $91,270 | FHA | |
| Previous Owner | $101,134 | FHA | |
| Previous Owner | $132,000 | Purchase Money Mortgage | |
| Previous Owner | $88,800 | No Value Available | |
| Previous Owner | $73,957 | FHA | |
| Closed | $33,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2021 07/14/21 | Sold | $290,000 | 0.0% | $272 / Sq Ft |
| 06/02/2021 06/02/21 | Price Changed | $290,000 | -9.4% | $272 / Sq Ft |
| 05/27/2021 05/27/21 | Price Changed | $320,000 | -8.6% | $300 / Sq Ft |
| 05/20/2021 05/20/21 | For Sale | $350,000 | +239.8% | $328 / Sq Ft |
| 06/09/2014 06/09/14 | Sold | $103,000 | +3.0% | $97 / Sq Ft |
| 04/25/2014 04/25/14 | Pending | -- | -- | -- |
| 07/30/2013 07/30/13 | For Sale | $100,000 | 0.0% | $94 / Sq Ft |
| 07/20/2013 07/20/13 | Pending | -- | -- | -- |
| 12/04/2012 12/04/12 | Price Changed | $100,000 | +3.1% | $94 / Sq Ft |
| 09/21/2012 09/21/12 | Price Changed | $97,000 | +5.4% | $91 / Sq Ft |
| 01/24/2012 01/24/12 | Price Changed | $92,000 | -11.5% | $86 / Sq Ft |
| 07/29/2011 07/29/11 | For Sale | $104,000 | -- | $98 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $756 | $7,055 | -- | -- |
| 2024 | $741 | $6,719 | -- | -- |
| 2023 | $741 | $21,310 | $4,260 | $17,050 |
| 2022 | $715 | $16,120 | $3,220 | $12,900 |
| 2021 | $733 | $14,410 | $2,880 | $11,530 |
| 2020 | $714 | $13,430 | $2,680 | $10,750 |
| 2019 | $700 | $11,370 | $2,270 | $9,100 |
| 2018 | $681 | $10,320 | $2,060 | $8,260 |
| 2017 | $679 | $9,350 | $1,870 | $7,480 |
| 2016 | $667 | $8,680 | $1,730 | $6,950 |
| 2015 | $618 | $8,000 | $1,600 | $6,400 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2021
Cynthia Gomez
DPR Realty
(602) 212-1600
1 in this area
2 Total Sales
-
Buyer's Agent in 2021
Curtis Johnson
eXp Realty
(480) 355-4055
3 in this area
445 Total Sales
-
A
Buyer Co-Listing Agent in 2021
Albert Kiersarsky
eXp Realty
(888) 897-7821
1 in this area
23 Total Sales
-
Seller's Agent in 2014
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
4 in this area
121 Total Sales
-
C
Seller Co-Listing Agent in 2014
Chris Norton
Get Multifamily
-
Buyer's Agent in 2014
Kris Macias
Century 21 Arizona Foothills
(602) 677-2351
41 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4624681
APN: 149-57-277
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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