NOT LISTED FOR SALE

2531 E Electra Ln Phoenix, AZ 85024

Mountaingate Neighborhood

Estimated Value: $641,934 - $680,000

4 Beds
2 Baths
2,304 Sq Ft
$290/Sq Ft Est. Value

Last Sold May 11, 2017

Last sale price $375,000 $163 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,774/month

Highlights

  • Vaulted Ceiling
  • Granite Countertops
  • 2 Car Direct Access Garage
  • Mountain Trail Middle School Rated A-
  • Covered Patio or Porch
  • Double Vanity

About This Home

As of January 2024

Looking for the perfect place to call home? This lovely rental property nestled in Desert Peak is the one! Discover a perfectly flowing layout showcasing neutral palette throughout, tile flooring, striking vaulted ceilings, & arched doorways. The impressive kitchen is ready for you to cook delicious meals offering staggered wood cabinets adorned with crown moulding, stainless steel appliances, granite counters, stylish tile backsplash, modern recessed lighting, a walk-in pantry, & an island complete with a breakfast bar. Main bedroom enjoys a private bathroom including dual sinks & a walk-in closet. Plus, a spacious backyard featuring a covered patio & an ample patio perfect for your gatherings! This beauty won't disappoint!

Last Agent to Rent the Property

Alex Abraham

Unique Legacy Realty License #SA637293000 Listed on: 01/05/2024

Co-Listed By

Ericka Vasquez

Unique Legacy Realty License #BR528645000

Last Renter's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 6,372 Sq Ft Lot
  • Block Wall Fence
  • Artificial Turf

Parking

  • 2 Car Direct Access Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Mountain Trail Middle School
  • North Canyon High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Property Available on 1/5/24
  • Rent includes rental tax
  • 12-Month Minimum Lease Term
  • Tax Lot 16
  • Assessor Parcel Number 212-42-237

Community Details

Overview

  • Property has a Home Owners Association
  • Desert Peak Association, Phone Number (480) 719-4524
  • Built by D R HORTON HOMES
  • Desert Peak Unit 1 Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: Rental Tax
  • Available Date: 2024-01-05

Listing Details

  • Cross Street: Cave Creek Rd & Desert Peak Pkwy
  • Legal Info Range: 3E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2007
  • Rental Info H O A Fee Paid Freq: Quarterly
  • Rental Info H O A Name: Desert Peak
  • Non Assistive Animals: Call
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.15
  • Co List Office Mls Id: eulr01
  • Co List Office Phone: 602-510-8757
  • Subdivision Name: DESERT PEAK UNIT 1
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2304.0
  • Stories: 1
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Direct Access, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Association Fee Frequency: Quarterly
  • Association Name: Desert Peak
  • Phone: 480-719-4524
  • Association: Yes
  • Pets Allowed: Call

Schools

  • High School: North Canyon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Mountain Trail Middle School

Lot Info

  • Lot Size Sq Ft: 6372.0
  • Parcel #: 212-42-237

Building Info

  • Builder Name: D R HORTON HOMES

Tax Info

  • Tax Book Number: 212.00
  • Tax Lot: 16
  • Tax Map Number: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2017
Closed on
Mar 21, 2017
Sold by
Martos Steve
Bought by
Kolupuri Padma and Reddi Neelkanth
Seller's Agent
Courtney Partridge
eXp Realty
Buyer's Agent
Alex Abraham
Unique Legacy Realty
List Price
$389,900
Sold Price
$375,000
Premium/Discount to List
-$14,900
-3.82%
Current Estimated Value
$668,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,984
Avg. Annual Appreciation
6.98%
Original Mortgage
$300,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2013
Closed on
Aug 16, 2013
Sold by
Worle Evan and Worle Kelly
Bought by
Martos Steve
Seller's Agent
Karen Peck
HomeSmart
Buyer's Agent
Courtney Partridge
eXp Realty
List Price
$357,400
Sold Price
$346,000
Premium/Discount to List
-$11,400
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.23%
Original Mortgage
$328,700
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2007
Sold by
D R Horton Inc Dietz Crane
Bought by
Worle Evan and Worle Kelly
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
Kolupuri Padma $375,000 First American Title Insuran
Martos Steve $346,000 Fidelity National Title Agen
Worle Evan $330,448 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kolupuri Padma $300,000
Previous Owner Martos Steve $328,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2024 01/10/24 Rented $2,850 0.0% --
01/08/2024 01/08/24 Under Contract -- -- --
01/05/2024 01/05/24 For Rent $2,850 -1.7% --
10/10/2023 10/10/23 Rented $2,900 +1.8% --
10/09/2023 10/09/23 Under Contract -- -- --
09/27/2023 09/27/23 For Rent $2,850 0.0% --
05/11/2017 05/11/17 Sold $375,000 -3.8% $163 / Sq Ft View Prior Sale
03/19/2017 03/19/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $389,900 +12.7% $169 / Sq Ft
09/17/2013 09/17/13 Sold $346,000 -3.2% $150 / Sq Ft View Prior Sale
09/03/2013 09/03/13 For Sale $357,400 0.0% $155 / Sq Ft
09/03/2013 09/03/13 Price Changed $357,400 0.0% $155 / Sq Ft
07/22/2013 07/22/13 Pending -- -- --
07/21/2013 07/21/13 Pending -- -- --
07/13/2013 07/13/13 For Sale $357,400 0.0% $155 / Sq Ft
06/12/2012 06/12/12 Rented $1,790 -0.3% --
06/11/2012 06/11/12 Under Contract -- -- --
04/12/2012 04/12/12 For Rent $1,795 -- --
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 $3,222 $31,532 -- --
2024 $2,600 $30,030 -- --
2023 $2,600 $47,620 $9,520 $38,100
2022 $2,576 $37,170 $7,430 $29,740
2021 $2,618 $35,400 $7,080 $28,320
2020 $2,528 $33,710 $6,740 $26,970
2019 $2,540 $32,030 $6,400 $25,630
2018 $2,447 $29,710 $5,940 $23,770
2017 $2,337 $28,700 $5,740 $22,960
2016 $2,300 $28,180 $5,630 $22,550
2015 $2,134 $26,170 $5,230 $20,940
Source: Public Records

Agents Affiliated with this Home

  • Alex Abraham

    Landlord's Agent in 2024

    Alex Abraham

    Unique Legacy Realty

    (602) 672-5346

    6 in this area

    148 Total Sales

    Alex Abraham
    Section Image
  • Ericka Vasquez

    Landlord's Co-Listing Agent in 2024

    Ericka Vasquez

    Unique Legacy Realty

    (602) 510-8757

    48 Total Sales

    Ericka Vasquez
    Section Image

  • N

    Tenant's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • Yana Miller

    Buyer's Agent in 2023

    Yana Miller

    eXp Realty

    (480) 269-1513

    10 Total Sales

    Yana Miller
    Section Image
  • Courtney Partridge

    Seller's Agent in 2017

    Courtney Partridge

    eXp Realty

    (480) 225-1485

    10 Total Sales

    Courtney Partridge
    Section Image

  • K

    Seller's Agent in 2013

    Karen Peck

    HomeSmart

    (480) 443-7400

    13 Total Sales

    Karen Peck
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6646195

Arizona Regional Multiple Listing Service (ARMLS)

APN: 212-42-237

Arizona Maricopa County Phoenix 85024 Mountaingate

2531 E Electra Ln, Phoenix, AZ

Not Listed for Sale

Detached

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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