NOT LISTED FOR SALE

2439 E Mobile Ln Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $498,000 - $1,158,000

2 Beds
8 Baths
700 Sq Ft
$1,342/Sq Ft Est. Value

Last Sold January 19, 2016

Last sale price $445,000 $636 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,054/month

277 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2016

Back On Market! Buyer did not qualify. Excellent 8 unit investment property, ALL 2 BEDROOMS! Currently FULLY RENTED; historically 100% Occupied. Potential to increase rents for even higher returns. All units completely remodeled and renovated, with permits, less than 5 years ago, including roof, dual pane windows, fixtures, dry wall, appliances and individual A/C units. Individually metered, on-site designated parking. High demand rental area - Excellent location with quick access to major freeways, I-10, I-17, US-60, Sky Harbor airport, ASU and a mile away from the Legacy golf resort. Recent rent roll and financials on file.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 04/01/2015

Last Buyer's Agent

Jeff Hicks

Fathom Realty Elite License #SA537901000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,188

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Roosevelt Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 88
  • Assessor Parcel Number 122-54-064-C

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are 14980
  • Ben Jo Estates Lots 137 158 Subdivision

Building Details

  • Operating Expense $1,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,188

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 24th Street and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2015
  • Road Surface Type: Dedicated Street
  • Subdivision Name: BEN-JO ESTATES LOTS 137-158
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric
  • 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

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 14980
  • Additional Parcels: No
  • Parcel #: 122-54-064-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Annual Operating Expense: 1188.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1188.0
  • Tax Book Number: 122.00
  • Tax Lot: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2016
Sold by
Lelbowiz Michael J
Bought by
Magnificent Rentals Llc
Current Estimated Value
$939,410

Purchase Details

Listed on
Apr 1, 2015
Closed on
Jan 14, 2016
Sold by
Mobile Investments Llc
Bought by
Great Western Property Management
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Jeff Hicks
Fathom Realty Elite
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%

Purchase Details

Closed on
Jan 16, 2013
Sold by
West Pioneer Invertments Llc
Bought by
Mobile Investments Llc

Purchase Details

Closed on
Jun 15, 2009
Sold by
West Pioneer Investments Llc
Bought by
West Pioneer Investments Llc

Purchase Details

Closed on
May 15, 2009
Sold by
Dts Investments Llc
Bought by
West Pioneer Investments Llc

Purchase Details

Closed on
May 1, 2009
Sold by
Santana Antonio I
Bought by
West Pioneer Investments Llc

Purchase Details

Closed on
Apr 27, 2009
Sold by
U S Bank National Association
Bought by
Dts Investments Llc

Purchase Details

Closed on
Apr 9, 2009
Sold by
U S Bank National Association
Bought by
Santana Antonio

Purchase Details

Closed on
Feb 26, 2009
Sold by
Olsen Allan G
Bought by
U S Bank National Association and Malt 2004 12

Purchase Details

Closed on
Aug 3, 2004
Sold by
Olsen Wendi Rae
Bought by
Olsen Allan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1998
Sold by
Anderson Ramon B and Anderson Joyce S
Bought by
Olsen Allan G and Olsen Wendi Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 1998
Sold by
Moyer John C
Bought by
Anderson Ramon B and Anderson Joyce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 1998
Sold by
Moyer John C
Bought by
Anderson Ramon B and Anderson Joyce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Magnificent Rentals Llc -- None Available
Great Western Property Management $445,000 Empire West Title Agency
Great Western Property Management $445,000 Empire West Title Agency
Mobile Investments Llc $350,000 Grand Canyon Title Agency In
West Pioneer Investments Llc -- None Available
West Pioneer Investments Llc -- None Available
West Pioneer Investments Llc $48,600 First American Title Ins Co
Dts Investments Llc $56,000 First American Title Ins Co
Dts Investments Llc $56,000 First American Title Ins Co
Santana Antonio $48,000 First American Title Ins Co
U S Bank National Association $43,775 None Available
U S Bank National Association $40,375 Security Title Agency
Olsen Allan G -- First Southwestern Title
Olsen Allan G -- First Southwestern Title
Olsen Allan G -- --
Anderson Ramon B $50,000 Capital Title Agency
Anderson Ramon B $50,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Allan G $123,000
Previous Owner Anderson Ramon B $45,000
Previous Owner Anderson Ramon B $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2016 01/19/16 Sold $445,000 -1.1% $636 / Sq Ft
01/03/2016 01/03/16 Pending -- -- --
04/01/2015 04/01/15 For Sale $450,000 -- $643 / 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 $1,581 $10,489 -- --
2024 $1,497 $9,989 -- --
2023 $1,497 $84,400 $16,880 $67,520
2022 $1,467 $59,410 $11,880 $47,530
2021 $1,497 $48,550 $9,710 $38,840
2020 $1,478 $47,310 $9,460 $37,850
2019 $1,430 $41,700 $8,340 $33,360
2018 $1,392 $38,700 $7,740 $30,960
2017 $1,327 $27,310 $5,460 $21,850
2016 $1,262 $26,420 $5,280 $21,140
2015 $1,188 $21,570 $4,310 $17,260
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2016

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    3 in this area

    114 Total Sales

    Linda Gerchick
    Section Image
  • Jeff Hicks

    Buyer's Agent in 2016

    Jeff Hicks

    Fathom Realty Elite

    (602) 410-3767

    2 in this area

    5 Total Sales

    Jeff Hicks
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5260368

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-54-064C

Arizona Maricopa County Phoenix 85040 South Mountain

2439 E Mobile Ln, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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