NOT LISTED FOR SALE

2540 E Electra Ln Phoenix, AZ 85024

Mountaingate Neighborhood

Estimated Value: $677,875 - $732,000

4 Beds
2 Baths
2,303 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $370,000 $161 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,924/month

Highlights

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

About This Home

As of July 2022

Look no further! This single-level beauty is the one for you! Offering attractive curb appeal w/low-care landscape. Discover a charming interior filled w/luxurious light fixtures, vaulted ceilings, handsome tile flooring throughout the entire house, archways, and neutral palette. Cook your favorite recipes in this impeccable kitchen equipped w/black SS appliances, cabinetry w/crown moulding, granite counters, tile backsplash, walk-in pantry, & center island w/breakfast bar. Inside the main bedroom you'll find a spotless bathroom w/dual sinks, separate tub, & walk-in closet. Huge grassy backyard w/covered patio and storage shed has so much potential for your landscape ideas. What are you waiting for? Make this gem yours today!

Last Agent to Rent the Property

Alex Abraham

Unique Legacy Realty License #SA637293000 Listed on: 06/24/2022

Last Renter's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.27 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,303 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Solar Screens
  • Tile Flooring
  • Mountain Views

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Mountain Trail Middle School
  • Pinnacle High School

Utilities

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

Listing and Financial Details

  • Property Available on 6/24/22
  • Rent includes gardening service
  • 12-Month Minimum Lease Term
  • Tax Lot 5
  • Assessor Parcel Number 212-42-226

Community Details

Overview

  • Property has a Home Owners Association
  • Desert Peak Association, Phone Number (602) 906-4940
  • Built by DR Horton
  • Desert Peak Unit 1 Subdivision, Sonoran Floorplan

Recreation

  • Community Playground
  • 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: Other, Gardening Service
  • Available Date: 2022-06-24

Listing Details

  • Cross Street: Cave Creek & Desert Peak
  • Legal Info Range: 3E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Solar Panels Grid: On
  • Solar Panelsk W: 8.0
  • 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
  • Master Model: Sonoran
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.27
  • Subdivision Name: DESERT PEAK UNIT 1
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Washer Hookup: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 2303.0
  • Stories: 1
  • Window Features: Solar Screens
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Direct Access, Garage Door Opener
  • Attached Garage: No
  • Garage 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: Washer Hookup, 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: Playground, Biking/Walking Path
  • Association Fee Frequency: Quarterly
  • Association Name: Desert Peak
  • Phone: 602-906-4940
  • Association: Yes
  • Pets Allowed: Call

Schools

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

Lot Info

  • Lot Size Sq Ft: 11808.0
  • Parcel #: 212-42-226
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: DR Horton

Tax Info

  • Tax Book Number: 212.00
  • Tax Lot: 5
  • Tax Map Number: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2017
Closed on
May 25, 2017
Sold by
Mccrum Ivan Douglas and Mccrum Arnulfa Martinez
Bought by
Bankar Mayur and Kulkarni Mukta
Seller's Agent
Darr Colburn
HomeSmart
Buyer's Agent
Alex Abraham
Unique Legacy Realty
List Price
$390,000
Sold Price
$370,000
Premium/Discount to List
-$20,000
-5.13%
Current Estimated Value
$704,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,155
Avg. Annual Appreciation
7.72%
Original Mortgage
$351,500
Outstanding Balance
$291,973
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$408,496

Purchase Details

Closed on
Oct 1, 2013
Sold by
Mccrum Eric
Bought by
Mccrum Eric and Mccrum Ivan Douglas

Purchase Details

Closed on
Oct 3, 2007
Sold by
D R Horton Inc Dietz Crane
Bought by
Mccrum Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,892
Interest Rate
6.4%
Mortgage Type
New Conventional
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
Bankar Mayur $370,000 First American Title Insuran
Mccrum Eric -- None Available
Mccrum Eric $383,615 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bankar Mayur $351,500
Previous Owner Mccrum Eric $306,892
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Rented $2,850 0.0% --
06/30/2022 06/30/22 Under Contract -- -- --
06/24/2022 06/24/22 For Rent $2,850 0.0% --
05/31/2017 05/31/17 Sold $370,000 -5.1% $160 / Sq Ft View Prior Sale
04/14/2017 04/14/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $390,000 -- $169 / 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 $2,822 $32,585 -- --
2024 $2,687 $31,034 -- --
2023 $2,687 $50,950 $10,190 $40,760
2022 $2,662 $39,830 $7,960 $31,870
2021 $2,705 $37,770 $7,550 $30,220
2020 $2,613 $36,060 $7,210 $28,850
2019 $2,625 $34,380 $6,870 $27,510
2018 $2,529 $31,970 $6,390 $25,580
2017 $2,415 $30,820 $6,160 $24,660
2016 $2,377 $30,410 $6,080 $24,330
2015 $2,205 $27,920 $5,580 $22,340
Source: Public Records

Agents Affiliated with this Home

  • Alex Abraham

    Landlord's Agent in 2022

    Alex Abraham

    Unique Legacy Realty

    (602) 672-5346

    6 in this area

    148 Total Sales

    Alex Abraham
    Section Image

  • N

    Tenant's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

  • Darr Colburn

    Seller's Agent in 2017

    Darr Colburn

    HomeSmart

    (602) 564-1814

    1 in this area

    70 Total Sales

    Darr Colburn
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6423307

Arizona Regional Multiple Listing Service (ARMLS)

APN: 212-42-226

Arizona Maricopa County Phoenix 85024 Mountaingate

2540 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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