NOT LISTED FOR SALE

2547 E Marguerite Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $509,000 - $550,233

-- Bed
-- Bath
1,984 Sq Ft
$266/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $503,000 $254 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,866/month

107 Days on Market

Highlights

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

About This Home

As of January 2024

Clean Tri-plex with solid rental history. 3 Residential rental units, one 1X1 one 2x1 and one 3X1. Property has block perimeter privacy wall with gated access from front and rear. Floor plans are open and have individual HVAC units and IN-UNIT washers & dryers. Large paved parking area.

Last Agent to Sell the Property

Rich Kort

Good Oak Real Estate License #BR109131000 Listed on: 07/08/2023

Good Oak Real Estate

Last Buyer's Agent

Stephen Phelps

Real Broker License #SA698470000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $579

Year Built

  • Built in 1985

Lot Details

  • 7,362

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 97
  • Assessor Parcel Number 122-57-068-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irreg
  • Broadway Estates Subdivision

Building Details

  • Operating Expense $7,212
  • Gross Income $35,432
  • Net Operating Income $28,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$579

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Broadway/32ND ST
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily R-
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: West to 27th ST, south to Marguerite west to property on south side of street.
  • Road Surface Type: Asphalt
  • Subdivision Name: BROADWAY ESTATES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2563.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Irreg
  • Additional Parcels: No
  • Parcel #: 122-57-068-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 35432.1
  • Insurance Expense: 1049.0
  • Maintenance Expense: 2771.0
  • Property Net Operating Income: 28578.0
  • Annual Operating Expense: 7212.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 579.0
  • Tax Book Number: 122.00
  • Tax Lot: 97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2023
Closed on
Feb 1, 2024
Sold by
Teplik Kevin James
Bought by
Crawlspace Llc
Seller's Agent
Rich Kort
Good Oak Real Estate
Buyer's Agent
Stephen Phelps
Real Broker
List Price
$515,000
Sold Price
$503,000
Premium/Discount to List
-$12,000
-2.33%
Views
30
Current Estimated Value
$514,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,227
Avg. Annual Appreciation
1.37%
Original Mortgage
$477,850
Outstanding Balance
$471,339
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$42,454

Purchase Details

Listed on
Jul 8, 2023
Closed on
Jan 19, 2024
Sold by
Arias Children 2021 Trust
Bought by
Teplik Kevin James
Seller's Agent
Rich Kort
Good Oak Real Estate
Buyer's Agent
Stephen Phelps
Real Broker
List Price
$515,000
Sold Price
$503,000
Premium/Discount to List
-$12,000
-2.33%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,850
Outstanding Balance
$471,339
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$42,454

Purchase Details

Closed on
Mar 12, 2021
Sold by
Arias Milton and Arias Krystina L
Bought by
Arias Milton and Arias Krystina L

Purchase Details

Listed on
Mar 1, 2020
Closed on
May 22, 2020
Sold by
Smith Daniel
Bought by
Rs Phoenix Owner 4 L P
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Rich Kort
Good Oak Real Estate
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$225,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2020
Closed on
Apr 23, 2020
Sold by
Myers Maye E and Myers Robert A
Bought by
Arias Milton and Arias Krysina L
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Rich Kort
Good Oak Real Estate
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2019
Sold by
Monson Chrtis
Bought by
The Myers Family Bypass Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2018
Sold by
Aboveboard Marketing Llc
Bought by
Smith Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2014
Closed on
Jan 20, 2015
Sold by
Fannie Mae
Bought by
Monson Curtis
Seller's Agent
Jerry A. Humphrey
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Amy Wright
HomeSmart
List Price
$67,800
Sold Price
$68,000
Premium/Discount to List
$200
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.11%

Purchase Details

Listed on
Dec 19, 2014
Closed on
Dec 30, 2014
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association
Seller's Agent
Jerry A. Humphrey
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Amy Wright
HomeSmart
List Price
$67,800
Sold Price
$68,000
Premium/Discount to List
$200
0.29%

Purchase Details

Listed on
Dec 19, 2014
Closed on
Dec 2, 2014
Sold by
Felldin Brenda
Bought by
Jpmorgan Chase Bank National Association
Seller's Agent
Jerry A. Humphrey
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Amy Wright
HomeSmart
List Price
$67,800
Sold Price
$68,000
Premium/Discount to List
$200
0.29%

Purchase Details

Closed on
Jul 8, 2014
Sold by
Fannie Mae
Bought by
Smith Daniel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2005
Sold by
Rossetti Anthony
Bought by
Felldin Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,700
Interest Rate
5.84%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 1, 2003
Sold by
Adame Martina
Bought by
Felldin Brenda A

Purchase Details

Closed on
Mar 28, 2000
Sold by
Newman Gail K
Bought by
Scurran Jeffery A and Scurran Joan A

Purchase Details

Closed on
Mar 20, 2000
Sold by
Scurran Jeffery A and Scurran Joan A
Bought by
Adame Martina A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Crawlspace Llc -- Professional Escrow Services
Teplik Kevin James $503,000 Chicago Title Agency
Arias Milton -- None Available
Rs Phoenix Owner 4 L P $244,800 None Available
Arias Milton $300,000 American Title Svc Agcy Llc
The Myers Family Bypass Trust $219,000 American Title Service Agenc
Smith Daniel -- Lawyers Title Of Arizona Inc
Monson Curtis $68,000 Lawyers Title Of Arizona Inc
Federal National Mortgage Association -- Accommodation
Jpmorgan Chase Bank National Association $106,904 Accommodation
Smith Daniel R -- None Available
Felldin Brenda -- Security Title Agency Inc
Felldin Brenda -- Security Title Agency Inc
Felldin Brenda A $89,500 --
Scurran Jeffery A $49,000 --
Adame Martina A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teplik Kevin James $477,850
Previous Owner Arias Children 2021 Trust $321,000
Previous Owner Arias Milton $225,000
Previous Owner Smith Daniel $134,400
Previous Owner Smith Daniel R $55,000
Previous Owner Felldin Brenda $98,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $503,000 +0.6% $254 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/13/2023 10/13/23 Price Changed $500,000 -2.9% $252 / Sq Ft
10/05/2023 10/05/23 For Sale $515,000 0.0% $260 / Sq Ft
09/26/2023 09/26/23 Price Changed $515,000 0.0% $260 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $515,000 0.0% $260 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
08/03/2023 08/03/23 Price Changed $515,000 -2.8% $260 / Sq Ft
07/10/2023 07/10/23 For Sale $530,000 +76.7% $267 / Sq Ft
04/21/2020 04/21/20 Sold $300,000 -4.8% $151 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/01/2020 03/01/20 For Sale $315,000 +363.2% $159 / Sq Ft
01/23/2015 01/23/15 Sold $68,000 +0.3% $34 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/19/2014 12/19/14 For Sale $67,800 -- $34 / 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 $608 $4,139 -- --
2024 $591 $3,942 -- --
2023 $591 $29,250 $5,850 $23,400
2022 $579 $20,550 $4,110 $16,440
2021 $591 $16,930 $3,380 $13,550
2020 $583 $13,730 $2,740 $10,990
2019 $565 $13,550 $2,710 $10,840
2018 $549 $9,960 $1,990 $7,970
2017 $524 $7,300 $1,460 $5,840
2016 $498 $5,320 $1,060 $4,260
2015 $469 $4,530 $900 $3,630
Source: Public Records

Agents Affiliated with this Home

  • Rich Kort

    Seller's Agent in 2024

    Rich Kort

    Good Oak Real Estate

    (602) 316-5273

    2 in this area

    49 Total Sales

    Section Image
  • Stephen Phelps

    Buyer's Agent in 2024

    Stephen Phelps

    Real Broker

    (888) 897-7821

    1 in this area

    91 Total Sales

    Section Image

  • S

    Seller's Agent in 2020

    Scott Trevey

    REI Marketing

  • Jerry A. Humphrey

    Seller's Agent in 2015

    Jerry A. Humphrey

    Weichert, Realtors - Courtney Valleywide

    (480) 688-3888

    1 in this area

    29 Total Sales

    Section Image

  • A

    Buyer's Agent in 2015

    Amy Wright

    HomeSmart

    (206) 321-3219

    5 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6578457

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-57-068A

Arizona Maricopa County Phoenix 85040 South Mountain

2547 E Marguerite Ave, Phoenix, AZ

This home is located at 2547 E Marguerite Ave, Phoenix, AZ 85040 since 08 July 2023 and is currently estimated at $528,558, approximately $266 per square foot. This property was built in 1985. 2547 E Marguerite Ave is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain 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

Nearby Homes