NOT LISTED FOR SALE

2535 E Kings Ave Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $388,000 - $549,000

2 Beds
-- Bath
1,792 Sq Ft
$250/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $410,000 $229 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,515/month

67 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of January 2024

Your opportunity to get into your first house hack or buy a high demand income property! Great slump block duplex in NorthEast Phoenix! Each unit has 2 bedrooms, 1 bathroom, 1 carport, indoor laundry, nice floorplan, good-size private backyards. Each unit is individually heated/cooled, electric and gas metered. Water meter is shared. West unit is occupied with a month-month resident of 10+ years. Vacant unit has fresh paint, flooring, and hardware. Come see if this is your new home or next investment property!

PLEASE DO NOT DISTURB RESIDENTS.
No sign on property. Seller is a licensed real estate agent in the state of Arizona/Owner Agent.

Last Agent to Sell the Property

Justin Livingstone

Century 21 Northwest License #SA677538000 Listed on: 10/03/2023

Century 21 Northwest

Last Buyer's Agent

Henry Hechavarria

HomeSmart License #SA659965000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1973

Lot Details

  • 7,492

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 214-27-039

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7506
  • Lookout Mountain Vista Subdivision

Building Details

  • Operating Expense $3,218
  • Gross Income $34,767
  • Net Operating Income $31,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 26TH ST & BELL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2022
  • Directions: SOUTH TO KINGS AVE WEST TO PROPERTY
  • Road Surface Type: Asphalt
  • Subdivision Name: LOOKOUT MOUNTAIN VISTA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Rolled/Hot Mop
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 7506
  • Additional Parcels: No
  • Parcel #: 214-27-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 34767.36
  • Property Net Operating Income: 31549.36
  • Annual Operating Expense: 3218.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 818.0
  • Tax Book Number: 214.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Jan 5, 2024
Sold by
Livingstone Justin
Bought by
Molinares Enrique R
Seller's Agent
Justin Livingstone
Century 21 Northwest
Buyer's Agent
Henry Hechavarria
HomeSmart
List Price
$410,000
Sold Price
$410,000
Views
19
Current Estimated Value
$448,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,799
Avg. Annual Appreciation
5.70%
Original Mortgage
$328,000
Outstanding Balance
$324,026
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$124,773

Purchase Details

Listed on
May 7, 2022
Closed on
Jun 15, 2022
Sold by
Wnm King Llc
Bought by
Livingston Justin
Seller's Agent
Pete Tuccio
Apartment & Home Solutions
Buyer's Agent
Pete Tuccio
Apartment & Home Solutions
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$310,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2018
Sold by
Rogers Mark and Rogers Michele
Bought by
Wnm King Llc

Purchase Details

Closed on
May 10, 2004
Sold by
Mathers Gary L
Bought by
Rogers Mark and Rogers Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 1998
Sold by
Mathers Gary L
Bought by
Mathers Gary Lee and Gary Lee Mathers Trust

Purchase Details

Closed on
Jun 28, 1995
Sold by
Bryan Charles S
Bought by
Mathers Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,200
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Molinares Enrique R $410,000 Driggs Title Agency
Livingston Justin $360,000 Premier Title
Wnm King Llc -- None Available
Rogers Mark $114,000 Stewart Title & Trust Of Pho
Mathers Gary Lee -- --
Mathers Gary L $59,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molinares Enrique R $328,000
Previous Owner Livingston Justin $310,000
Previous Owner Rogers Michele $84,000
Previous Owner Rogers Mark $48,465
Previous Owner Rogers Mark $91,200
Previous Owner Mathers Gary L $47,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $410,000 0.0% $229 / Sq Ft
01/02/2024 01/02/24 For Sale $410,000 0.0% $229 / Sq Ft
12/11/2023 12/11/23 For Sale $410,000 0.0% $229 / Sq Ft
12/05/2023 12/05/23 For Sale $410,000 0.0% $229 / Sq Ft
10/05/2023 10/05/23 For Sale $410,000 +13.9% $229 / Sq Ft
07/01/2022 07/01/22 Sold $360,000 -9.8% $201 / Sq Ft
05/07/2022 05/07/22 For Sale $399,000 -- $223 / 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 $844 $8,483 -- --
2024 $827 $8,079 -- --
2023 $827 $26,310 $5,260 $21,050
2022 $818 $18,280 $3,650 $14,630
2021 $821 $17,180 $3,430 $13,750
2020 $796 $15,210 $3,040 $12,170
2019 $796 $12,260 $2,450 $9,810
2018 $770 $11,930 $2,380 $9,550
2017 $738 $9,830 $1,960 $7,870
2016 $726 $11,700 $2,340 $9,360
2015 $672 $9,910 $1,980 $7,930
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Justin Livingstone

    Century 21 Northwest

    (623) 628-8079

    1 in this area

    8 Total Sales

    Justin Livingstone
    Section Image
  • Henry Hechavarria

    Buyer's Agent in 2024

    Henry Hechavarria

    HomeSmart

    (602) 754-6576

    6 in this area

    50 Total Sales

    Henry Hechavarria
    Section Image

  • P

    Seller's Agent in 2022

    Pete Tuccio

    Apartment & Home Solutions

    (520) 727-5691

    3 in this area

    25 Total Sales

    Pete Tuccio
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6612715

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-27-039

Arizona Maricopa County Phoenix 85032 Paradise Valley

2535 E Kings Ave, Phoenix, AZ

This home is located at 2535 E Kings Ave, Phoenix, AZ 85032 since 03 October 2023 and is currently estimated at $448,799, approximately $250 per square foot. This property was built in 1973. 2535 E Kings Ave is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle 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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