NOT LISTED FOR SALE

2531 E Electra Ln Phoenix, AZ 85024

Mountaingate Neighborhood

Estimated Value: $660,559 - $706,000

4 Beds
2 Baths
2,304 Sq Ft
$294/Sq Ft Est. Value

Last Sold May 11, 2017

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

Est. 81% increase in value since last sale

Current estimated payment $4,050/month

About This Home

As of May 2017

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!

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
$678,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,140
Avg. Annual Appreciation
7.59%
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,825
Interest Rate
6.35%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Open Kolupuri Padma $275,635
Closed Kolupuri Padma $288,048
Previous Owner Kolupuri Padma $300,000
Previous Owner Martos Steve $313,453
Previous Owner Martos Steve $328,700
Previous Owner Worle Evan $310,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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 -- --

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 $3,139 $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

    Seller's Agent in 2024

    Alex Abraham

    Unique Legacy Realty

    (602) 672-5346

    6 in this area

    153 Total Sales

    Alex Abraham
    Section Image
  • Ericka Vasquez

    Seller Co-Listing Agent in 2024

    Ericka Vasquez

    Unique Legacy Realty

    (602) 510-8757

    53 Total Sales

    Ericka Vasquez
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • Yana Miller

    Buyer's Agent in 2023

    Yana Miller

    eXp Realty

    (480) 269-1513

    6 Total Sales

    Yana Miller
    Section Image
  • Courtney Partridge

    Seller's Agent in 2017

    Courtney Partridge

    eXp Realty

    (480) 225-1485

    9 Total Sales

    Courtney Partridge
    Section Image

  • K

    Seller's Agent in 2013

    Karen Peck

    HomeSmart

    (480) 443-7400

    16 Total Sales

    Karen Peck
    Section Image
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Map

Arizona Maricopa County Phoenix 85024 Mountaingate

2531 E Electra Ln, Phoenix, AZ

This home is located at 2531 E Electra Ln, Phoenix, AZ 85024 and is currently estimated at $678,140, approximately $294 per square foot. 2531 E Electra Ln is a home located in Maricopa County with nearby schools including Boulder Creek Elementary School, Mountain Trail Middle School, and Pinnacle High School.

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.

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