2540 N 17th Way Phoenix, AZ 85006
Greenfield Acres Neighborhood
--
Bed
--
Bath
2,760
Sq Ft
10,585
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of July 20244-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
Matthews Real Estate Investment Services License #SA692958000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,268
Year Built
- Built in 1971
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
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%
Total Days on Market
28
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,608
Avg. Annual Appreciation
-1.19%
Original Mortgage
$625,000
Outstanding Balance
$620,776
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$295,616
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
Outstanding Balance
$620,776
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$295,616
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
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $925,000 | Commonwealth Land Title | |
| Warranty Deed | $925,000 | Commonwealth Land Title | |
| Interfamily Deed Transfer | -- | American Title Svc Agency Ll | |
| Warranty Deed | $202,000 | American Title Svc Agency Ll | |
| Cash Sale Deed | $109,900 | First American Title Ins Co | |
| Trustee Deed | $190,000 | First American Title | |
| Warranty Deed | $406,000 | Camelback Title Agency Llc | |
| Warranty Deed | -- | Camelback Title Agency Llc | |
| Interfamily Deed Transfer | -- | Camelback Title Agency Llc | |
| Warranty Deed | $316,300 | Camelback Title Agency Llc | |
| Interfamily Deed Transfer | -- | Camelback Title Agency Llc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $70,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $625,000 | New Conventional | |
| Closed | $625,000 | New Conventional | |
| Previous Owner | $151,500 | New Conventional | |
| Previous Owner | $40,600 | Credit Line Revolving | |
| Previous Owner | $324,800 | New Conventional | |
| Previous Owner | $189,780 | New Conventional | |
| Previous Owner | $69,990 | FHA |
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
| 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
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6706007
APN: 117-05-071A
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.
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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