NOT LISTED FOR SALE

2549 E Chipman Rd Unit 1&2 Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $345,500 - $433,000

-- Bed
-- Bath
4,700 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $299,400 $64 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,312/month

38 Days on Market

Highlights

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

About This Home

As of October 2017

MAKE MONEY WITH THIS TWO SINGLE FAMILY HOME SET UP ON ONE DOUBLE APPROVED PHX. LOT.OWNER CAN CARRY PAPER CAN BE SPLIT INTO TWO SEPERATE S/F HOMES LOTS BUY ONE OR BOTH.. VERBAL OFFERS OK LETS TALK...PLEASE USE CEL # ONLY 602-570-6417 OWNER/BROKER DOES NOT E-MAIL OR FAX..PLEASE CALL ONLY

Last Agent to Sell the Property

Melvin Smith

New Home Realty License #BR012303000 Listed on: 08/25/2017

Last Buyer's Agent

Lucas Thomas

West USA Realty License #SA655549000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 2000

Lot Details

  • 0.35

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, landscaping
  • Tax Lot 55
  • Assessor Parcel Number 122-55-028-A

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 120X105
  • Ben Jo Estates Subdivision

Building Details

  • Operating Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: BROADWAY/24TH ST
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2000
  • Tax Year: 2016
  • Directions: SOUTH OF BROADWAY ON 28TH ST, WEST ON CHIPMAN
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: BEN-JO-ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Add'l Parking Avail
  • Attached Garage: No
  • 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:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 120X105
  • Additional Parcels: No
  • Parcel #: 122-55-028-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 600.0
  • Annual Operating Expense: 1800.0

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Book Number: 122.00
  • Tax Lot: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2017
Closed on
Oct 20, 2017
Sold by
Smith Melvin Robert
Bought by
M & T Properties Llc
Seller's Agent
Melvin Smith
New Home Realty
Buyer's Agent
Lucas Thomas
West USA Realty
List Price
$168,000
Sold Price
$299,400
Premium/Discount to List
$131,400
78.21%
Total Days on Market
38
Current Estimated Value
$389,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,975
Avg. Annual Appreciation
3.50%
Original Mortgage
$255,000
Outstanding Balance
$215,825
Interest Rate
3.78%
Mortgage Type
Seller Take Back
Estimated Equity
$173,550

Purchase Details

Closed on
Jun 16, 2006
Sold by
City Of Phoenix
Bought by
Smith Melvin Robert

Purchase Details

Closed on
May 19, 2006
Sold by
Smith Melvin Robert
Bought by
Smith Melvin Robert

Purchase Details

Closed on
Jun 14, 1999
Sold by
Noyd John Henry and Noyd Lois
Bought by
Smith Melvin Robert
Source: Public Records

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Range of Values:

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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
M & T Properties Llc $299,400 Wfg National Title Insurance
Smith Melvin Robert -- None Available
Smith Melvin Robert -- None Available
Smith Melvin Robert $5,884 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & T Properties Llc $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $299,400 -3.9% $64 / Sq Ft
09/11/2017 09/11/17 Price Changed $311,500 +85.4% $66 / Sq Ft
08/25/2017 08/25/17 For Sale $168,000 -- $36 / 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 $1,520 $10,348 -- --
2024 $1,477 $9,855 -- --
2023 $1,477 $29,100 $5,820 $23,280
2022 $1,447 $21,500 $4,300 $17,200
2021 $1,477 $20,200 $4,040 $16,160
2020 $1,458 $19,100 $3,820 $15,280
2019 $1,411 $17,320 $3,460 $13,860
2018 $1,373 $14,650 $2,930 $11,720
2017 $1,309 $12,110 $2,420 $9,690
2016 $1,245 $11,820 $2,360 $9,460
2015 $1,172 $9,360 $1,870 $7,490
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Melvin Smith

    New Home Realty

    (623) 566-4980

    3 Total Sales

    Melvin Smith
    Section Image
  • Lucas Thomas

    Buyer's Agent in 2017

    Lucas Thomas

    West USA Realty

    (602) 885-1148

    2 in this area

    25 Total Sales

    Lucas Thomas
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5651676

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-55-028A

Arizona Maricopa County Phoenix 85040 South Mountain

2549 E Chipman Rd Unit 1&2, Phoenix, AZ

This home is located at 2549 E Chipman Rd Unit 1&2, Phoenix, AZ 85040 since 25 August 2017 and is currently estimated at $389,375, approximately $82 per square foot. This property was built in 2000. 2549 E Chipman Rd Unit 1&2 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

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