NOT LISTED FOR SALE

2540 N 17th Way Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $853,000 - $902,000

-- Bed
-- Bath
2,760 Sq Ft
$321/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $925,000 $335 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,793/month

28 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of July 2024

4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, this asset features an ideal unit mix of 100% two bedroom floorplans averaging 693 sq. ft. per unit. Current ownership has extensively remodeled two of the units. This well maintained asset has an ideal location, sitting right across the street from Phoenix Children's Hospital, just minutes from Downtown Phoenix and the Biltmore Fashion Park, and near major transportation routes such as the 51 and 10 Freeways. Currently there is one furnished unit being rented to traveling nurses, which allows for a rent premium of approximately $470 per month.

CONTACT AGENT FOR COPY OF OFFERING MEMORANDUM

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 05/16/2024

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 05/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,268

Year Built

  • Built in 1971

Lot Details

  • 10,585

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 35
  • Assessor Parcel Number 117-05-071-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $8,468
  • Gross Income $56,842
  • Net Operating Income $49,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,268

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Yale
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 117-05-071-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 56842.0
  • Insurance Expense: 2800.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 49864.0
  • Annual Operating Expense: 8468.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1268.0
  • Tax Book Number: 117.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 29, 2024
Sold by
Zall Eileen and Desvergnes Eileen
Bought by
Vardiabasis Nicolas
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Views
22
Current Estimated Value
$886,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,437
Avg. Annual Appreciation
-3.62%
Original Mortgage
$625,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 23, 2024
Sold by
Zall Eileen and Desvergnes Eileen
Bought by
Vardiabasis Nicolas
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2014
Closed on
Jan 8, 2015
Sold by
Zall David K and Zall Eileen
Bought by
Zall Eileen
Seller's Agent
Trevor Van Huizen
DF
Buyer's Agent
Shannon Lewis
Rosewood Sales Group, LLC
List Price
$205,000
Sold Price
$202,000
Premium/Discount to List
-$3,000
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.27%
Original Mortgage
$151,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2014
Closed on
Jan 6, 2015
Sold by
Vanhuizen Trevor L
Bought by
Zall Eileen
Seller's Agent
Trevor Van Huizen
DF
Buyer's Agent
Shannon Lewis
Rosewood Sales Group, LLC
List Price
$205,000
Sold Price
$202,000
Premium/Discount to List
-$3,000
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vanhuizen Trevor L

Purchase Details

Closed on
Dec 4, 2008
Sold by
Lara Jose A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Sep 28, 2006
Sold by
Silva Ernesto
Bought by
Lara Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,600
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 22, 2006
Sold by
Lara Jose A
Bought by
Josiah Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,600
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 27, 2005
Sold by
Johns Elmer L and Johns Bonnie J
Bought by
Silva Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,780
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2005
Sold by
Silva Monica G
Bought by
Silva Ernesto A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,780
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2004
Sold by
Johns Elmer L and Johns Bonnie J
Bought by
Johns Elmer L and Johns Bonnie J

Purchase Details

Closed on
Apr 16, 2001
Sold by
Park Jennifer C
Bought by
Park Jennifer C and The Jennifer C Park Family Trust

Purchase Details

Closed on
Oct 30, 1997
Sold by
Labarbera Sam B and Labarbera Janet R
Bought by
Johns Elmer L and Johns Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,990
Interest Rate
7.33%
Mortgage Type
FHA
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
Vardiabasis Nicolas $925,000 Commonwealth Land Title
Vardiabasis Nicolas $925,000 Commonwealth Land Title
Zall Eileen -- American Title Svc Agency Ll
Zall Eileen $202,000 American Title Svc Agency Ll
Vanhuizen Trevor L $109,900 First American Title Ins Co
Federal Home Loan Mortgage Corp $190,000 First American Title
Lara Jose A $406,000 Camelback Title Agency Llc
Josiah Ii Llc -- Camelback Title Agency Llc
Lara Jose A -- Camelback Title Agency Llc
Silva Ernesto $316,300 Camelback Title Agency Llc
Silva Ernesto A -- Camelback Title Agency Llc
Johns Elmer L -- --
Park Jennifer C -- --
Johns Elmer L $70,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vardiabasis Nicolas $633,000
Closed Vardiabasis Nicolas $625,000
Closed Vardiabasis Nicolas $625,000
Previous Owner Kez Properties Llc $345,000
Previous Owner Zall Eileen $151,500
Previous Owner Lara Jose A $40,600
Previous Owner Josiah Ii Llc $324,800
Previous Owner Silva Ernesto $189,780
Previous Owner Johns Elmer L $69,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $925,000 -2.1% $335 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
05/24/2024 05/24/24 Price Changed $945,000 -5.0% $342 / Sq Ft
05/21/2024 05/21/24 For Sale $995,000 0.0% $361 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $995,000 +392.6% $361 / Sq Ft
01/14/2015 01/14/15 Sold $202,000 -1.5% $73 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
12/05/2014 12/05/14 For Sale $205,000 -- $74 / 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 $1,335 $10,271 -- --
2024 $1,320 $9,782 -- --
2023 $1,320 $48,730 $9,740 $38,990
2022 $1,268 $36,500 $7,300 $29,200
2021 $1,299 $27,820 $5,560 $22,260
2020 $1,267 $23,910 $4,780 $19,130
2019 $1,259 $20,150 $4,030 $16,120
2018 $1,233 $17,530 $3,500 $14,030
2017 $1,185 $15,850 $3,170 $12,680
2016 $1,139 $13,410 $2,680 $10,730
2015 $1,060 $11,450 $2,290 $9,160
Source: Public Records

Agents Affiliated with this Home

  • Brad Skenderian

    Seller's Agent in 2024

    Brad Skenderian

    Matthews Real Estate Investment Services

    (949) 533-5594

    2 in this area

    15 Total Sales

    Brad Skenderian
    Section Image

  • N

    Buyer Co-Listing Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • K

    Seller Co-Listing Agent in 2015

    Kevin Wyatt

    HomeSmart

  • S

    Buyer's Agent in 2015

    Shannon Lewis

    Rosewood Sales Group, LLC

    11 Total Sales

    Shannon Lewis
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6706007

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-05-071A

Arizona Maricopa County Phoenix 85006 Central City

2540 N 17th Way, Phoenix, AZ

This home is located at 2540 N 17th Way, Phoenix, AZ 85006 since 16 May 2024 and is currently estimated at $886,563, approximately $321 per square foot. This property was built in 1971. 2540 N 17th Way is a home located in Maricopa County with nearby schools including Loma Linda Elementary School, North High School, and Phoenix Coding Academy.

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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