NOT LISTED FOR SALE

2545 W Novak Way Phoenix, AZ 85041

South Mountain Neighborhood

Estimated Value: $366,973 - $385,000

3 Beds
2 Baths
1,533 Sq Ft
$246/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $400,000 $261 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,143/month

About This Home

As of July 2022

Take a look at this renovated rental home in Phoenix. The kitchen features quartz countertops, modern appliances, and a charming bay window in the breakfast nook. The living room boasts an overhead fan and vinyl plank flooring with sliding glass doors leading to a covered patio in the large fenced backyard. The dining room offers a stylish button-style light and a cut-out to the kitchen. Rest comfortably in the main bedroom with a vaulted ceiling and en suite bathroom, which includes an oversized vanity and a combined bathtub and shower.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Jul 11, 2022
Sold by
David Mcfadgen Jr
Bought by
Yamasa Co Ltd
Seller's Agent
Richard Russ
Keller Williams Arizona Realty
Buyer's Agent
Richard Russ
Keller Williams Arizona Realty
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$377,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,757
Avg. Annual Appreciation
-1.90%

Purchase Details

Closed on
Jun 12, 2007
Sold by
Gregory Scot and Gregory Amy
Bought by
Fennell Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,900
Interest Rate
6.41%
Mortgage Type
VA

Purchase Details

Closed on
Feb 28, 2005
Sold by
Cornerstone Mountain West Llc
Bought by
Gregory Scot and Gregory Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Yamasa Co Ltd $400,000 Magnus Title
Fennell Marvin $219,900 First American Title Ins Co
Gregory Scot -- Lawyers Title Ins Corp
Cornerstone Mountain West Llc -- Lawyers Title Ins Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fennell Marvin $207,000
Previous Owner Fennell Marvin $215,987
Previous Owner Fennell Marvin $222,164
Previous Owner Fennell Marvin $219,900
Previous Owner Gregory Scot $60,000
Previous Owner Gregory Scot $128,000
Closed Gregory Scot $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2023 12/07/23 Rented $1,890 0.0% --
12/01/2023 12/01/23 Under Contract -- -- --
11/21/2023 11/21/23 Price Changed $1,890 -2.1% $1 / Sq Ft
11/16/2023 11/16/23 Price Changed $1,930 -3.7% $1 / Sq Ft
11/07/2023 11/07/23 Price Changed $2,005 -2.2% $1 / Sq Ft
11/02/2023 11/02/23 For Rent $2,050 +2.8% --
10/03/2022 10/03/22 Rented $1,995 0.0% --
09/14/2022 09/14/22 Under Contract -- -- --
09/13/2022 09/13/22 For Rent $1,995 0.0% --
09/13/2022 09/13/22 Price Changed $1,995 -2.2% $1 / Sq Ft
09/12/2022 09/12/22 Under Contract -- -- --
09/07/2022 09/07/22 For Rent $2,040 0.0% --
07/12/2022 07/12/22 Sold $400,000 -3.6% $261 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $415,000 -- $271 / Sq Ft

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 $1,688 $11,495 -- --
2024 $1,641 $10,948 -- --
2023 $1,641 $26,770 $5,350 $21,420
2022 $1,437 $19,850 $3,970 $15,880
2021 $1,482 $17,800 $3,560 $14,240
2020 $1,464 $16,110 $3,220 $12,890
2019 $1,414 $14,520 $2,900 $11,620
2018 $1,374 $13,970 $2,790 $11,180
2017 $1,280 $12,060 $2,410 $9,650
2016 $1,215 $10,710 $2,140 $8,570
2015 $1,129 $10,150 $2,030 $8,120
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tricia Gonzales

    Progress Residential

    (623) 201-8665

    Section Image
  • Richard Russ

    Seller's Agent in 2022

    Richard Russ

    Keller Williams Arizona Realty

    (480) 544-6345

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Map

Arizona Maricopa County Phoenix 85041 South Mountain

2545 W Novak Way, Phoenix, AZ

This home is located at 2545 W Novak Way, Phoenix, AZ 85041 and is currently estimated at $377,243, approximately $246 per square foot. 2545 W Novak Way is a home located in Maricopa County with nearby schools including Bernard Black Elementary School, Cesar Chavez 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.

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