Seller's Agent in 2020
Joshua Willets
Grace CRE
(561) 473-4477
1 in this area
31 Total Sales
2516 N 48th Place Phoenix, AZ 85008
Camelback East Village NeighborhoodEstimated Value: $749,000 - $1,071,000
7
Beds
--
Bath
1,375
Sq Ft
$640/Sq Ft
Est. Value
Highlights
- Stone Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Phoenix Coding Academy Rated A
About This Home
As of December 2020Welcome to Stafford Village Apartments. On this parcel sits 2 duplexes in the convenient neighborhood of Papago Village in Arcadia Lite. The unit mix consist of one 3 bed/2bath, one 2 bed/1 bath and two 1bed/1bath apartments. Property features updated kitchen & bath, laminate OR sealed concrete flooring, all block construction, covered parking, updated windows, stainless steel appliances, washer dryer hook-up and central A/C. Cap Rate on current rent estimated at 5.18%, with rents of $1012 (x2 for 1 beds), $1075 (for the 2 bed), and $1385 (for the 3 bed) per month. ProForma Cap Rate estimated at 6.51%, based on market rents of $1150, (x2), $1400, and $1600, respectively. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,688
Year Built
- Built in 1959
Lot Details
- 10,803
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Stone
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 4 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- Paved Parking
- On-Street Parking
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 7
- Assessor Parcel Number 126-17-031
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 10,782
- Stafford Village 2 Subdivision
Building Details
- Operating Expense $14,868
- Gross Income $60,420
- Net Operating Income $45,552
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2020
Closed on
Dec 22, 2020
Sold by
Xing Wei
Bought by
Cactus North Llc
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Kathy Patino
Wise Choice Properties
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
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
$230,339
Avg. Annual Appreciation
7.99%
Original Mortgage
$335,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 25, 2020
Closed on
Dec 15, 2020
Sold by
Narrow Gate Properties Llc
Bought by
Xing Wei
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Kathy Patino
Wise Choice Properties
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 25, 2020
Closed on
Dec 14, 2020
Sold by
Johansen Marc C and Xing Wei
Bought by
Xing Wei
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Kathy Patino
Wise Choice Properties
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 8, 2019
Sold by
Poore Troy
Bought by
Narrow Gate 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
$262,500
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Sep 29, 2015
Closed on
Dec 16, 2015
Sold by
Sanchez Samuel
Bought by
Poore Troy
Seller's Agent
Mark Buonincontro
Elite Real Estate, LLC
Buyer's Agent
Sean Aske
Cambridge Properties
List Price
$298,900
Sold Price
$269,000
Premium/Discount to List
-$29,900
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%
Original Mortgage
$264,127
Interest Rate
4.4%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 26, 2006
Sold by
Azin Mohamad Javad and Azin Joseph
Bought by
Sanchez Jesse E and Sanchez Jenny M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.57%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Cactus North Llc | -- | None Available | |
| Xing Wei | $650,000 | Great American Title Agency | |
| Xing Wei | -- | Great American Title Agency | |
| Narrow Gate Properties Llc | $350,000 | Landmark Title Assurance Age | |
| Poore Troy | $269,000 | Old Republic Title Agency | |
| Sanchez Jesse E | $300,000 | Security Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Xing Wei | $335,000 | |
| Previous Owner | Poore Troy | $264,127 | |
| Previous Owner | Sanchez Jesse E | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2020 12/15/20 | Sold | $650,000 | -7.1% | $473 / Sq Ft |
| 12/08/2020 12/08/20 | For Sale | $700,000 | 0.0% | $509 / Sq Ft |
| 12/08/2020 12/08/20 | Price Changed | $700,000 | 0.0% | $509 / Sq Ft |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- |
| 08/25/2020 08/25/20 | For Sale | $700,000 | +160.2% | $509 / Sq Ft |
| 12/17/2015 12/17/15 | Sold | $269,000 | -10.0% | $196 / Sq Ft |
| 11/05/2015 11/05/15 | Pending | -- | -- | -- |
| 09/29/2015 09/29/15 | For Sale | $298,900 | -- | $217 / 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 | $1,778 | $14,803 | -- | -- |
| 2024 | $1,761 | $14,098 | -- | -- |
| 2023 | $1,761 | $55,020 | $11,000 | $44,020 |
| 2022 | $1,698 | $36,730 | $7,340 | $29,390 |
| 2021 | $1,726 | $32,720 | $6,540 | $26,180 |
| 2020 | $1,694 | $28,920 | $5,780 | $23,140 |
| 2019 | $1,688 | $25,820 | $5,160 | $20,660 |
| 2018 | $1,590 | $24,650 | $4,930 | $19,720 |
| 2017 | $1,523 | $17,310 | $3,460 | $13,850 |
| 2016 | $1,490 | $14,430 | $2,880 | $11,550 |
| 2015 | $1,398 | $12,720 | $2,540 | $10,180 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Willets
-
Sophia Baron
Seller Co-Listing Agent in 2020
Sophia Baron
Grace CRE
(480) 375-0227
1 in this area
84 Total Sales
-
Kathy Patino
Buyer's Agent in 2020
Kathy Patino
Wise Choice Properties
(602) 677-7722
1 in this area
88 Total Sales
-
Mark Buonincontro
Seller's Agent in 2015
Mark Buonincontro
Elite Real Estate, LLC
(623) 466-9200
18 Total Sales
-
Sean Aske
Buyer's Agent in 2015
Sean Aske
Cambridge Properties
(602) 888-1620
7 in this area
26 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6122572
APN: 126-17-031
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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