NOT LISTED FOR SALE

2601 E Monte Cristo Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $412,797 - $573,000

-- Bed
-- Bath
2,093 Sq Ft
$239/Sq Ft Est. Value

Last Sold December 16, 2019

Last sale price $260,000 $124 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,709/month

19 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of December 2019

MULTIFAMILY TRI-PLEX INVESTMENT OPPORTUNITY PROVIDING IMMEDIATE CASH-FLOW! This is a great Tri-Plex with all Two Bedroom/One Bath units. Each unit has a secure, gated front patio entrance, and private back yard area. All of the units have ceramic tile floors, and are in good shape. Rents are way below market, new buyer has significant upside. This is a very desirable rental area, and units rent quickly. There is also access to employment, entertainment, transportation, parks, and schools very near by. Property has extra land to the east of patio fenceline, and also a closed off alley in back that could be utilized for more parking or even to build carports or storage units.

Last Agent to Sell the Property

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 10/22/2019

SVN/Desert Commercial Advisors

Last Buyer's Agent

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 10/22/2019

SVN/Desert Commercial Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $601

Year Built

  • Built in 1962

Lot Details

  • 8,451

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Abraham Lincoln Traditional Elementary School
  • Paradise Valley High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 214-40-042

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8427
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $5,401
  • Gross Income $23,940
  • Net Operating Income $18,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$601

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2019
  • Directions: North on Cave Creek. East on Paradise Ln. South on 27th St. West on Monte Cristo to property on south side of street
  • Road Surface Type: Asphalt
  • Subdivision Name: Jolly Acres
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Central A/C, 2 or More Units
  • Heating: Central, Heat Pump, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Abraham Lincoln Traditional School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 8427
  • Additional Parcels: No
  • Parcel #: 214-40-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 23940.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 18539.0
  • Annual Operating Expense: 5401.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 601.0
  • Tax Book Number: 214.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Dec 13, 2019
Sold by
2601 E Monte Cristo Llc
Bought by
Alexander Joseph S
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Carrick Sears
SVN/Desert Commercial Advisors
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$500,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,949
Avg. Annual Appreciation
11.99%
Original Mortgage
$195,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pitts Jason L
Bought by
2601 E Monte Cristo Llc

Purchase Details

Listed on
Sep 1, 2016
Closed on
Oct 21, 2016
Sold by
Dowd Pitts Patricia and Pitts Jason L
Bought by
Pitts Jason L
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%
Original Mortgage
$105,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2013
Sold by
Lucy Charm 2 Llc
Bought by
Perez Perfect Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.18%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2013
Sold by
Perfect Storm Real Estate Investments Ll
Bought by
Lucky Charm 2 Llc

Purchase Details

Listed on
Jan 18, 2012
Closed on
Mar 23, 2012
Sold by
Pm Properties Southwest Llc
Bought by
Mee Patrick and Mee Sandra
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$49,000
Sold Price
$40,000
Premium/Discount to List
-$9,000
-18.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.57%
Original Mortgage
$39,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 2006
Sold by
Mee Patrick and Mee Sandra
Bought by
Pm Properties Southwest Llc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Molitor Kristina
Bought by
Mee Patrick and Mee Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,700
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2002
Sold by
Holub George and Holub Emily E
Bought by
Molitor Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 21, 2001
Sold by
Jolly Acres Llc
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.84%

Purchase Details

Closed on
Dec 27, 1999
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,850
Interest Rate
7.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 1999
Sold by
Dunn James E and Dunn Velma Elaine
Bought by
Flores Jeffrey R and Flores Kathleen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.63%
Mortgage Type
New Conventional
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
Alexander Joseph S $260,000 Empire West Title Agency Llc
2601 E Monte Cristo Llc -- None Available
Pitts Jason L -- Pioneer Title Agency Inc
Pitts Jason L $140,000 Pioneer Title Agency Inc
Perez Perfect Holdings Llc $290,000 American Title Service Agenc
Lucky Charm 2 Llc -- American Title Service Agenc
Mee Patrick -- Chicago Title
Perfect Storm Real Estate Investments Ll $40,000 Chicago Title
Pm Properties Southwest Llc $205,900 None Available
Mee Patrick $205,900 Tsa Title Agency
Molitor Kristina $150,000 Transnation Title Insurance
Holub George -- Stewart Title & Trust Phoeni
Holub George $121,114 Stewart Title & Trust
Flores Jeffrey R $74,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Joseph S $195,000
Previous Owner Pitts Jason L $105,000
Previous Owner Perez Perfect Holdings Llc $232,000
Previous Owner Perfect Storm Real Estate Investments Ll $46,300
Previous Owner Mee Patrick $164,700
Previous Owner Molitor Kristina $120,000
Previous Owner Holub George $116,000
Previous Owner Holub George $96,850
Previous Owner Flores Jeffrey R $52,500
Closed Holub George $12,111
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $260,000 -3.7% $124 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $270,000 +86.2% $129 / Sq Ft
09/16/2016 09/16/16 Sold $145,000 -2.7% $69 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $149,000 0.0% $71 / Sq Ft
10/21/2015 10/21/15 Rented $500 0.0% --
10/06/2015 10/06/15 Under Contract -- -- --
09/25/2015 09/25/15 For Rent $500 +25.3% --
08/15/2014 08/15/14 Rented $399 -20.0% --
08/13/2014 08/13/14 Under Contract -- -- --
06/25/2014 06/25/14 For Rent $499 0.0% --
03/29/2012 03/29/12 Sold $40,000 -18.4% $19 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $49,000 -- $23 / 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 $637 $6,401 -- --
2024 $624 $6,096 -- --
2023 $624 $27,730 $5,540 $22,190
2022 $618 $22,570 $4,510 $18,060
2021 $619 $18,580 $3,710 $14,870
2020 $600 $16,310 $3,260 $13,050
2019 $601 $13,130 $2,620 $10,510
2018 $581 $11,320 $2,260 $9,060
2017 $557 $10,380 $2,070 $8,310
2016 $548 $8,450 $1,690 $6,760
2015 $507 $7,100 $1,420 $5,680
Source: Public Records

Agents Affiliated with this Home

  • Carrick Sears

    Seller's Agent in 2019

    Carrick Sears

    SVN/Desert Commercial Advisors

    (602) 327-0325

    1 in this area

    19 Total Sales

    Carrick Sears
    Section Image
  • Terry Kass

    Seller's Agent in 2016

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    1 in this area

    23 Total Sales

    Terry Kass
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Mark Skelpsa

    HomeSmart Realty

    Section Image

  • J

    Seller's Agent in 2015

    Jason Mendoza

    My Rental Superstore

    (602) 327-5584

    19 Total Sales

    Jason Mendoza
    Section Image
  • Ronni Zeigler

    Buyer's Agent in 2014

    Ronni Zeigler

    Realty One Group

    (480) 330-6745

    2 in this area

    29 Total Sales

    Ronni Zeigler
    Section Image

  • L

    Seller's Agent in 2012

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5995330

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-042

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2601 E Monte Cristo Ave, Phoenix, AZ

This home is located at 2601 E Monte Cristo Ave, Phoenix, AZ 85032 since 22 October 2019 and is currently estimated at $500,949, approximately $239 per square foot. This property was built in 1962. 2601 E Monte Cristo Ave is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle 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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