Seller's Agent in 2021
Thomas Mastromatto
Mountain Lake Realty
(602) 888-7073
19 in this area
589 Total Sales
2607 E Monte Cristo Ave Phoenix, AZ 85032
Paradise Valley Village NeighborhoodEstimated Value: $592,000 - $668,000
Studio
--
Bath
2,792
Sq Ft
$229/Sq Ft
Est. Value
Highlights
- Evaporated cooling system
- Ceiling Fan
- Heating Available
- Ceramic Tile Flooring
About This Home
As of February 2021CASH FLOW! CASH FLOW! CASH Great investment opportunity with tons of positive cash flow! This property has been priced to sell quick and can produce great cash flow income. Come a take a
look don't miss out on this great income property
All tenants like to see many many years
Improvements 4x AC. 4x water heater, new
built 4 Showers , kitchen #1 Solid block building. 4 occupied units. 4 - one bedroom rent $750, $800, $750 and 1- two bedroom $760 All remodeled over the last 6 years with new cabinets, appliances, Dual Pane windows, tile or floors in all units. Tiled showers. Bathroom vanities. Added insulation. New light fixtures. No showings until 24 hour note Drive by only. One story only No HOA, No Pool No headache Landlord pays water, sewer, trash $230 month
Last Agent to Sell the Property
Mountain Lake Realty License #BR104207000 Listed on: 12/01/2020
Last Buyer's Agent
Susan McCall
Commercial Property Connect License #BR552939000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $810
Year Built
- Built in 1962
Lot Details
- 0.27
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
Schools
- Paradise Valley High Middle School
- Paradise Valley High School
Utilities
- Evaporated cooling system
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 9
- Assessor Parcel Number 214-40-043
Community Details
Overview
- 4 Units
- Building Dimensions are 92 X 127
Building Details
- Operating Expense $4,265
- Gross Income $37,920
- Net Operating Income $33,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 1, 2025
Sold by
Richards Elaine
Bought by
Castillo Fernando A and Castillo Luz Estela
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$597,438
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$41,008
Purchase Details
Listed on
Dec 1, 2020
Closed on
Feb 4, 2021
Sold by
Ovadia Chagi
Bought by
Richards Elaine
Seller's Agent
Thomas Mastromatto
Mountain Lake Realty
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$600,000
Sold Price
$400,000
Premium/Discount to List
-$200,000
-33.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$300,000
Interest Rate
2.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 2010
Sold by
Fannie Mae
Bought by
Ovadia Chagi
Purchase Details
Closed on
May 20, 2010
Sold by
Lawrence Joe and Deutsch Jill
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jul 25, 2006
Sold by
Brown John H
Bought by
Lawrence Joe and Deutsch Jill
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,720
Interest Rate
6.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 3, 2004
Sold by
Molitor Kristina
Bought by
Brown John H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 15, 2004
Sold by
Brown Jacqueline
Bought by
Brown John H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving
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
$160,000
Interest Rate
6.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 15, 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
$148,000
Interest Rate
6.73%
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
$129,150
Interest Rate
7.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 1, 1998
Sold by
Hampton Fred
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
$66,477
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 4, 1998
Sold by
Dunn James E and Dunn Velma Elaine
Bought by
Hampton Fred
Purchase Details
Closed on
Jan 9, 1998
Sold by
Hampton Brenda
Bought by
Hampton Fred
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Castillo Fernando A | $650,000 | Pioneer Title Agency | |
| Richards Elaine | $400,000 | Chicago Title Agency | |
| Ovadia Chagi | $50,000 | Stewart Title & Trust Of Pho | |
| Federal National Mortgage Association | $276,191 | First American Title | |
| Lawrence Joe | $325,900 | Tsa Title Agency | |
| Brown John H | $275,000 | Tsa Title Agency | |
| Brown John H | -- | Tsa Title Agency | |
| Molitor Kristina | $200,000 | Transnation Title Insurance | |
| Holub George | -- | Stewart Title & Trust | |
| Holub George | $161,481 | Stewart Title & Trust | |
| Flores Jeffrey R | $77,458 | Stewart Title & Trust | |
| Hampton Fred | $74,000 | Fidelity Title | |
| Hampton Fred | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Castillo Fernando A | $600,000 | |
| Previous Owner | Richards Elaine | $300,000 | |
| Previous Owner | Lawrence Joe | $260,720 | |
| Previous Owner | Brown John H | $27,500 | |
| Previous Owner | Brown John H | $220,000 | |
| Previous Owner | Brown John H | $220,000 | |
| Previous Owner | Molitor Kristina | $160,000 | |
| Previous Owner | Holub George | $148,000 | |
| Previous Owner | Holub George | $129,150 | |
| Previous Owner | Flores Jeffrey R | $66,477 | |
| Closed | Flores Jeffrey R | $9,000 | |
| Closed | Holub George | $16,148 | |
| Closed | Holub George | $18,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/09/2021 02/09/21 | Price Changed | $499,900 | +25.0% | $179 / Sq Ft |
| 02/08/2021 02/08/21 | Sold | $400,000 | 0.0% | $143 / Sq Ft |
| 01/07/2021 01/07/21 | Pending | -- | -- | -- |
| 12/22/2020 12/22/20 | Off Market | $400,000 | -- | -- |
| 12/09/2020 12/09/20 | Price Changed | $499,900 | -9.1% | $179 / Sq Ft |
| 12/07/2020 12/07/20 | Price Changed | $550,000 | -4.3% | $197 / Sq Ft |
| 12/01/2020 12/01/20 | Price Changed | $574,900 | -4.2% | $206 / Sq Ft |
| 12/01/2020 12/01/20 | For Sale | $600,000 | -- | $215 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $882 | $8,633 | -- | -- |
| 2024 | $841 | $8,222 | -- | -- |
| 2023 | $841 | $37,780 | $7,550 | $30,230 |
| 2022 | $833 | $30,470 | $6,090 | $24,380 |
| 2021 | $835 | $24,350 | $4,870 | $19,480 |
| 2020 | $809 | $20,860 | $4,170 | $16,690 |
| 2019 | $811 | $16,610 | $3,320 | $13,290 |
| 2018 | $784 | $14,350 | $2,870 | $11,480 |
| 2017 | $751 | $13,480 | $2,690 | $10,790 |
| 2016 | $739 | $11,150 | $2,230 | $8,920 |
| 2015 | $684 | $9,510 | $1,900 | $7,610 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Mastromatto
-
S
Buyer's Agent in 2021
Susan McCall
Commercial Property Connect
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6166395
APN: 214-40-043
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.
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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