NOT LISTED FOR SALE

2540 W Campbell Ave Phoenix, AZ 85017

Alhambra Neighborhood

Estimated Value: $433,000 - $700,000

4 Beds
4 Baths
1,950 Sq Ft
$313/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $572,000 $293 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,332/month

4 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating unit installed on the ceiling
  • Phoenix Coding Academy Rated A

About This Home

As of October 2021

Well maintained, 2/1 (3) units and one 3 bedroom unit all with 18'' tile flooring and granite and tile in kitchen and baths, two rehabbed w/in last 4 years, 2 in last year with fresh paint, doors, vanity, ceiling fans, etc. One new a/c unit & two new H20 heaters w/in last year, roof & overall property in good condition with no deferred maintenance. Gated property in good location close to freeway, GCU and downtown. One two story and two one story bldgs on gated property with potential to expand. Current tenants w/good pymt history & huge potential upside of $400/+ unit in rents. Parking for 8 vehicles. Yard area behind #1 and #3. Private laundry adjoining #4 may be converted to shared laundry.
Nearby shopping, entertainment, restaurants
Hurry, won't last long!.

Last Agent to Sell the Property

Michael Ezell

West USA Realty License #SA634327000 Listed on: 09/15/2021

West USA Realty

Co-Listed By

Charlotte Ezell

West USA Realty License #SA659578000

Last Buyer's Agent

Fabian Torres

Real Broker License #SA653654000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,315

Year Built

  • Built in 1986

Lot Details

  • 9,757

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Alhambra High Elementary School
  • Alhambra Traditional Middle School
  • Alhambra High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 154-12-017-F

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 9757

Building Details

  • Operating Expense $7,915
  • Gross Income $37,920
  • Net Operating Income $30,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,315

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: I-17 and Campbell
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1986
  • Tax Year: 2021
  • Directions: Exit I-17 north at Camelback. Continue on access road to Campbell. West on Campbell. Property on right.
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: wusa94
  • Co List Office Phone: 602-942-4200
  • Tax Parcel Letter: F
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Underground
  • Cooling: Central A/C, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Alhambra High School
  • High School: Alhambra High School
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: 9757
  • Additional Parcels: No
  • Parcel #: 154-12-017-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 37920.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 30705.0
  • Annual Operating Expense: 7915.0

Tax Info

  • Tax Annual Amount: 1315.0
  • Tax Book Number: 154.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Oct 7, 2021
Sold by
Kundert David A and Coleman Brenda M
Bought by
Murillo Ruben Torres
Seller's Agent
Michael Ezell
West USA Realty
Buyer's Agent
Fabian Torres
Real Broker
List Price
$549,900
Sold Price
$572,000
Premium/Discount to List
$22,100
4.02%
Current Estimated Value
$609,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,667
Avg. Annual Appreciation
1.63%
Original Mortgage
$554,766
Outstanding Balance
$505,895
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$103,772

Purchase Details

Listed on
Sep 21, 2017
Closed on
Oct 12, 2017
Sold by
Casasola Doris Adeli Perez and Casasola Doris Adelia Perez
Bought by
Kundert David A and Coleman Brenda M
Seller's Agent
Daniel Valdez
Westgate Homes Realty
Buyer's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.43%
Original Mortgage
$190,250
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2016
Sold by
Nicamex Llc
Bought by
Casasola Doris Adelia Perez

Purchase Details

Closed on
Jan 14, 2016
Sold by
Bloom & Young Investments Llc
Bought by
Nicamex Llc

Purchase Details

Closed on
Dec 13, 2012
Sold by
Bloom & Young Investments Llc
Bought by
2540 West Campbell Llc

Purchase Details

Closed on
Dec 26, 2008
Sold by
Wells Fargo Bank Na
Bought by
Bloom & Young Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2008
Sold by
Cortez Gloria and Mortgage Electronic Registrati
Bought by
Wells Fargo Bank Na and Lehman Abs Mortgage Loan Trust

Purchase Details

Closed on
Jan 19, 2007
Sold by
Cortez Emilio and Cortez Gloria
Bought by
Cortez Gloria and Delgadillo Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,750
Interest Rate
11.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2001
Sold by
Griswold Robert M and Griswold Jenny C
Bought by
Cortez Emilio and Delgadillo Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 1995
Sold by
Ng Dixon
Bought by
Griswold Robert M and Griswold Jenny C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
9.21%
Mortgage Type
Commercial
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
Murillo Ruben Torres $572,000 Magnus Title Agency Llc
Kundert David A $272,500 First American Title Insuran
Casasola Doris Adelia Perez $128,500 Empire West Title Agency
Nicamex Llc $107,000 None Available
2540 West Campbell Llc -- None Available
Bloom & Young Investments Llc $72,000 Landamerica Title Agency
Wells Fargo Bank Na $216,000 Accommodation
Cortez Gloria -- Fidelity National Title
Cortez Emilio $125,000 Grand Canyon Title Agency In
Griswold Robert M $80,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murillo Ruben Torres $554,766
Previous Owner Kundert David A $190,250
Previous Owner Bloom & Young Investments Llc $138,750
Previous Owner Cortez Gloria $225,750
Previous Owner Cortez Emilio $118,750
Previous Owner Griswold Robert M $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2021 10/22/21 Sold $572,000 +4.0% $293 / Sq Ft
09/21/2021 09/21/21 For Sale $549,900 0.0% $282 / Sq Ft
09/21/2021 09/21/21 Price Changed $549,900 0.0% $282 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/17/2021 09/17/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $549,999 +100.0% $282 / Sq Ft
11/15/2017 11/15/17 Sold $275,000 -3.5% $141 / Sq Ft View Prior Sale
10/05/2017 10/05/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $285,000 -- $146 / 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 $1,317 $9,167 -- --
2024 $1,323 $8,731 -- --
2023 $1,323 $33,680 $6,730 $26,950
2022 $1,303 $27,730 $5,540 $22,190
2021 $1,315 $26,960 $5,390 $21,570
2020 $1,264 $23,480 $4,690 $18,790
2019 $1,249 $17,350 $3,470 $13,880
2018 $1,153 $14,400 $2,880 $11,520
2017 $1,138 $14,750 $2,950 $11,800
2016 $1,090 $11,020 $2,200 $8,820
2015 $1,032 $8,870 $1,770 $7,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Ezell

    Seller's Agent in 2021

    Michael Ezell

    West USA Realty

    (602) 524-2333

    1 in this area

    10 Total Sales

    Michael Ezell
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Charlotte Ezell

    West USA Realty

    (623) 363-8493

    1 in this area

    8 Total Sales

    Charlotte Ezell
    Section Image

  • F

    Buyer's Agent in 2021

    Fabian Torres

    Real Broker

    (480) 685-2760

    2 in this area

    37 Total Sales

    Fabian Torres
    Section Image

  • D

    Seller's Agent in 2017

    Daniel Valdez

    Westgate Homes Realty

    (602) 525-4991

    2 in this area

    20 Total Sales

    Daniel Valdez
    Section Image
  • Joshua Ezell

    Buyer's Agent in 2017

    Joshua Ezell

    Breakthrough Real Estate & Property Management

    (602) 821-7460

    9 Total Sales

    Joshua Ezell
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6293500

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-12-017F

Arizona Maricopa County Phoenix 85017 Alhambra

2540 W Campbell Ave, Phoenix, AZ

This home is located at 2540 W Campbell Ave, Phoenix, AZ 85017 since 15 September 2021 and is currently estimated at $609,667, approximately $312 per square foot. This property was built in 1986. 2540 W Campbell Ave is a home located in Maricopa County with nearby schools including Granada East Primary School, Granada West School, and Alhambra 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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