NOT LISTED FOR SALE

2534 W Ocotillo Rd Phoenix, AZ 85017

Grandview Neighborhood

Estimated Value: $427,000 - $559,000

-- Bed
2 Baths
1,200 Sq Ft
$411/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $135,000 $112 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $2,734/month

157 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Washington High School Rated A-

About This Home

As of May 2015

Terrific Duplex Opportunity in a highley desirablrvArea with easy access to the Highway and walking distance to the future light rail station. Lots or room for parking. Both units have 3 bedrooms 2 baths. Each unit has its own A/C as well as there own hookup for washer and dryer.Excellent rental area. Great revenue producing property

Last Agent to Sell the Property

Luann Wilson

HomeSmart License #SA507710000 Listed on: 10/16/2014

HomeSmart

Last Buyer's Agent

Sarah Perry

Millennium Realty LLC License #BR588366000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 2006

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Maryland Elementary School
  • Washington High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • The owner pays for electricity, water
  • Legal Lot and Block 17 / 2
  • Assessor Parcel Number 156-01-042

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,031SF
  • Krall's Homesities Subdivision

Building Details

  • Operating Expense $1,021
  • Net Operating Income $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Glendale & 27th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2013
  • Directions: From I17, exit Glendale, go west to 27th Ave, south on 27, East on Ocotillo to property
  • Road Surface Type: Concrete
  • Subdivision Name: Krall's Homesities
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: 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:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Maryland Elementary School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Maryland Elementary School

Lot Info

  • Lot Size: 7,031SF
  • Additional Parcels: No
  • Parcel #: 156-01-042

Multi Family

  • Owner Pays: Electricity, Water
  • Tenant Pays: Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Property Net Operating Income: 1000.0
  • Annual Operating Expense: 1020.78

Tax Info

  • Tax Annual Amount: 1020.78
  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2014
Closed on
Mar 30, 2015
Sold by
Betty Svoboda Llc
Bought by
Yow Ken Hong Ghee and Yow Becky
Seller's Agent
Luann Wilson
HomeSmart
Buyer's Agent
Sarah Perry
Millennium Realty LLC
List Price
$157,000
Sold Price
$135,000
Premium/Discount to List
-$22,000
-14.01%
Current Estimated Value
$493,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,000
Avg. Annual Appreciation
13.25%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Svoboda Betty
Bought by
Betty Svoboda Llc

Purchase Details

Listed on
Dec 19, 2011
Closed on
Feb 21, 2012
Sold by
Asset Management Llc
Bought by
Svoboda Betty L
Seller's Agent
Nancy Chelin
HomeSmart
Buyer's Agent
Nancy Chelin
HomeSmart
Sold Price
$650

Purchase Details

Listed on
Dec 19, 2011
Closed on
Dec 14, 2011
Sold by
E Investment Properties Inc
Bought by
Asset Management Llc
Seller's Agent
Nancy Chelin
HomeSmart
Buyer's Agent
Nancy Chelin
HomeSmart
Sold Price
$650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,600
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
E Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,600
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2011
Sold by
Moreno Luis
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 13, 2006
Sold by
Banh Kathy
Bought by
Moreno Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2005
Sold by
Banh Danny
Bought by
Banh Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.93%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 26, 2005
Sold by
Demore Development Llc
Bought by
Banh Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.93%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Yow Ken Hong Ghee $135,000 Lawyers Title Of Arizona Inc
Betty Svoboda Llc -- None Available
Svoboda Betty L $109,900 Equity Title Agency Inc
Asset Management Llc $74,500 Fidelity Natl Title Agency I
E Investment Properties Inc $69,699 None Available
Deutsche Bank National Trust Company $98,800 None Available
Moreno Luis $275,000 Westland Title Agency Of Az
Banh Kathy -- Transnation Title
Banh Kathy $248,900 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asset Management Llc $59,600
Previous Owner Moreno Luis $220,000
Previous Owner Banh Kathy $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2015 05/15/15 Sold $135,000 -14.0% $113 / Sq Ft
03/22/2015 03/22/15 Pending -- -- --
10/16/2014 10/16/14 For Sale $157,000 0.0% $131 / Sq Ft
02/04/2012 02/04/12 Rented $650 0.0% --
01/29/2012 01/29/12 Under Contract -- -- --
12/19/2011 12/19/11 For Rent $650 -- --
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 $1,438 $11,759 -- --
2024 $1,412 $11,199 -- --
2023 $1,412 $31,350 $6,270 $25,080
2022 $1,366 $23,700 $4,740 $18,960
2021 $1,384 $21,270 $4,250 $17,020
2020 $1,349 $19,050 $3,810 $15,240
2019 $1,324 $16,430 $3,280 $13,150
2018 $1,290 $15,210 $3,040 $12,170
2017 $1,283 $12,960 $2,590 $10,370
2016 $1,260 $10,810 $2,160 $8,650
2015 $1,167 $9,350 $1,870 $7,480
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Luann Wilson

    HomeSmart

    Section Image

  • S

    Buyer's Agent in 2015

    Sarah Perry

    Millennium Realty LLC

    (602) 687-9183

    1 Total Sale

    Sarah Perry
    Section Image

  • N

    Seller's Agent in 2012

    Nancy Chelin

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5186507

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-042H

Arizona Maricopa County Phoenix 85017 Grandview

2534 W Ocotillo Rd, Phoenix, AZ

This home is located at 2534 W Ocotillo Rd, Phoenix, AZ 85017 since 16 October 2014 and is currently estimated at $493,000, approximately $410 per square foot. This property was built in 2006. 2534 W Ocotillo Rd is a home located in Maricopa County with nearby schools including Washington Elementary School, Palo Verde Middle School, and Washington 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.

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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