NOT LISTED FOR SALE

2602 E Monte Vista Rd Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $392,000 - $481,320

Studio
-- Bath
946 Sq Ft
$456/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $195,000 $206 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,325/month

8 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2019

Fix up opportunity. 4 - 1 bedroom 1 bath units in two separate duplexes on one parcel, on corner lot. Separate Electric and Gas meters. Roof and Electrical breakers were replaced sometime in the year of 2000's. Two units were refurbished in the past, two are in need. Plenty of room for expansion, upward or out This can remain as rental units or live in one unit and rent the others out to cover mortgage. Current rents below market. Great cash flow property once repairs are done. The area is always in demand for rental units since it is central to freeways Scottsdale, Tempe, Sky Harbor Airport, and hospitals etc. Location! Location! Location! Centrally Located. Great Investment Opportunity!!! Time for another investor to profit! Hurry, won't last!

Last Agent to Sell the Property

Denise Venturelli

New Venture Realty Brokerage Phone: 602-763-9795 License #BR548729000 Listed on: 12/29/2018

Last Buyer's Agent

Yvonne Matejka

Real Broker License #BR663616000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $891

Year Built

  • Built in 1950

Lot Details

  • 8,712

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Monte Vista Elementary Middle School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 120-30-016-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 60' X 150'
  • Sunset Acres Subdivision

Building Details

  • Operating Expense $4,731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$891

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 24th St and North of McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: SUNSET ACRES
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Creighton Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 60' X 150'
  • Additional Parcels: No
  • Parcel #: 120-30-016-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1200.0
  • Annual Operating Expense: 4731.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 891.0
  • Tax Book Number: 120.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2023
Sold by
Z Edge Of All Trades Llc
Bought by
Z13 Llc
Current Estimated Value
$431,580

Purchase Details

Listed on
Dec 29, 2018
Closed on
Feb 5, 2019
Sold by
I M In Mud Llc
Bought by
Z Edge Of All Trades Llc
Seller's Agent
Denise Venturelli
New Venture Realty
Buyer's Agent
Yvonne Matejka
Real Broker
List Price
$220,000
Sold Price
$195,000
Premium/Discount to List
-$25,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$195,608
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 29, 2018
Closed on
Jan 22, 2019
Sold by
Murray Ronald W
Bought by
I M In Mud Llc
Seller's Agent
Denise Venturelli
New Venture Realty
Buyer's Agent
Yvonne Matejka
Real Broker
List Price
$220,000
Sold Price
$195,000
Premium/Discount to List
-$25,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,608
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1997
Sold by
Lint John C
Bought by
Murray Ronald W

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
7.7%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Z13 Llc -- None Listed On Document
Z Edge Of All Trades Llc $199,000 Empire West Title Agency Llc
I M In Mud Llc $195,000 Magnus Title Agency Llc
Murray Ronald W $65,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner I M In Mud Llc $195,608
Previous Owner Murray Ronald W $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $195,000 -11.4% $206 / Sq Ft
01/23/2019 01/23/19 For Sale $220,000 0.0% $233 / Sq Ft
01/23/2019 01/23/19 Price Changed $220,000 0.0% $233 / Sq Ft
01/06/2019 01/06/19 Price Changed $220,000 -4.3% $233 / Sq Ft
01/06/2019 01/06/19 Price Changed $230,000 -4.2% $243 / Sq Ft
12/29/2018 12/29/18 For Sale $240,000 -- $254 / 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 $1,002 $7,423 -- --
2024 $954 $7,069 -- --
2023 $954 $31,010 $6,200 $24,810
2022 $916 $22,080 $4,410 $17,670
2021 $939 $18,050 $3,610 $14,440
2020 $916 $14,880 $2,970 $11,910
2019 $909 $13,250 $2,650 $10,600
2018 $891 $11,060 $2,210 $8,850
2017 $856 $10,320 $2,060 $8,260
2016 $823 $8,350 $1,670 $6,680
Source: Public Records

Agents Affiliated with this Home

  • Denise Venturelli

    Seller's Agent in 2019

    Denise Venturelli

    New Venture Realty

    (602) 763-9795

    93 Total Sales

    Denise Venturelli
    Section Image
  • Yvonne Matejka

    Buyer's Agent in 2019

    Yvonne Matejka

    Real Broker

    (480) 334-9590

    53 Total Sales

    Yvonne Matejka
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5861269

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-30-016B

Arizona Maricopa County Phoenix 85008 Central City

2602 E Monte Vista Rd, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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