NOT LISTED FOR SALE

Estimated Value: $476,979 - $560,000

Studio
-- Baths
2,792 Sq Ft
$181/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2015

Last sale price $190,000 $68 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $2,829 / mo

41 Days on Market

About This Home

As of September 2015

Great Cash flowing Investment!! All 4 units are 2b/1B Units, 720sf. 1 of the units has been remodeled in the last 2 years. All 4 have new Trane AC units and updated electrical panels. Rents average over $500/mo. This building is being sold along with 2629. Both share a courtyard with large trees. Plenty of parking. 2629 and 2637 can be purchased together or separately.

Last Agent to Sell the Property

Joshua Ezell

Breakthrough Real Estate & Property Management License #BR584885000 Listed on: 07/17/2015

Co-Listed By

Michael Ezell

West USA Realty License #SA634327000

Last Buyer's Agent

John Kovalik

DeLex Realty License #SA529382000

DeLex Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $728

Year Built

  • Built in 1962

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 214-40-047

Community Details

Overview

  • 4 Units
  • Building Dimensions are .28 acres
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $5,128
  • Gross Income $23,256
  • Net Operating Income $19,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$728

Year Built

Built in 1962

Lot Details

0.28 Acres

Listing Details

  • Cross Street: Greenway Rd. and Cave Creek Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: break001
  • Co List Office Phone: 602-938-5415
  • Subdivision Name: JOLLY ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3200.0

Lot Info

  • Lot Size: .28 acres
  • Additional Parcels: No
  • Parcel #: 214-40-047

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23256.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 19700.0
  • Annual Operating Expense: 5128.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 728.0
  • Tax Book Number: 214.00
  • Tax Lot: 13

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2021
Sold by
Island Time Management Llc
Bought by
Current Estimated Value
$501,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,193
Outstanding Balance
$346,326
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$158,169

Purchase Details

Listed on
Jul 17, 2015
Closed on
Sep 24, 2015
Sold by
Suzuki Enterprises Az Llc
Bought by
Island Time Management Llc
Seller's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
Buyer's Agent
John Kovalik
DeLex Realty
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$125,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 2014
Sold by
Suzuki Dean and Suzuki Ellen
Bought by
Suzuki Enterprises Az Llc

Purchase Details

Listed on
Sep 16, 2013
Closed on
Nov 6, 2013
Sold by
Rios Matuz Karla Zulema and Encinas Grijalva Julio Cesar
Bought by
Encinas Rios Rentals Llc
Seller's Agent
Joe Brady
Fathom Realty
Buyer's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.53%

Purchase Details

Closed on
Mar 29, 2013
Sold by
Rios Matus Karla Zulema
Bought by
Encinas Rios Rentals Llc

Purchase Details

Listed on
Sep 17, 2012
Closed on
Dec 19, 2012
Sold by
Kenton Michael
Bought by
Wasta Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Janelle Wood
Realty One Scottsdale LLC
List Price
$114,500
Sold Price
$100,000
Premium/Discount to List
-$14,500
-12.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%

Purchase Details

Listed on
Aug 29, 2011
Closed on
Sep 5, 2012
Sold by
Merritt Chris
Bought by
Kenton Michael
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$40,000
Sold Price
$50,000
Premium/Discount to List
$10,000
25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1,202.94%

Purchase Details

Closed on
Apr 25, 2012
Sold by
Merritt Chris Allen
Bought by
Merritt Chris

Purchase Details

Closed on
Jan 22, 2010
Sold by
Merritt Chris Allen
Bought by
Monte Cristo Arizona Llc

Purchase Details

Closed on
Aug 27, 2009
Sold by
Merritt Chris
Bought by
Merritt Chris Allen and The Chris Allen Merritt Revocable Trust

Purchase Details

Closed on
Jan 25, 2006
Sold by
2637 Monte Cristo Llc
Bought by
Merritt Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2004
Sold by
Gullen Richard B and Gullen Elizabeth A
Bought by
2637 Monte Cristo Llc

Purchase Details

Closed on
Nov 5, 2002
Sold by
Holub George and Holub Emily E
Bought by
Gullen Richard B and Gullen Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 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
6.84%

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
$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

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paradise Valley Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 First American Title Ins Co
Island Time Management Llc $190,000 Security Title Agency Inc
Suzuki Enterprises Az Llc $125,000 Fidelity National Title Agen
Encinas Rios Rentals Llc -- Fidelity National Title Agen
Suzuki Dean $125,000 Fidelity National Title Agen
Encinas Rios Rentals Llc -- None Available
Rios Matuz Karla Zulema -- None Available
Wasta Llc $55,000 Security Title Agency
Matuz Karla Zulema Rios $100,000 Security Title Agency
Kenton Michael $50,000 Chicago Title Agency Inc
Kenton Michael -- Chicago Title Agency Inc
Merritt Chris -- Chicago Title
Monte Cristo Arizona Llc -- None Available
Merritt Chris Allen -- None Available
Merritt Chris $326,000 Capital Title Agency Inc
2637 Monte Cristo Llc -- --
Gullen Richard B $200,000 Transnation Title Insurance
Holub George -- Stewart Title & Trust Phoeni
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $389,193
Previous Owner Island Time Management Llc $125,000
Previous Owner Merritt Chris $250,000
Previous Owner Gullen Richard B $180,000
Previous Owner Holub George $148,000
Previous Owner Holub George $129,150
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2015 09/30/15 Sold $190,000 -5.0% $68 / Sq Ft
08/26/2015 08/26/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $199,900 +59.9% $72 / Sq Ft
11/15/2013 11/15/13 Sold $125,000 -7.4% $45 / Sq Ft View Prior Sale
09/16/2013 09/16/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $135,000 +35.0% $48 / Sq Ft
12/21/2012 12/21/12 Sold $100,000 -12.7% $36 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $114,500 +129.0% $41 / Sq Ft
09/12/2012 09/12/12 Sold $50,000 +25.0% $72 / Sq Ft View Prior Sale
09/09/2011 09/09/11 Pending -- -- --
08/29/2011 08/29/11 For Sale $40,000 -- $57 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $885 $8,663
2024 $844 $8,250
2023 $844 $37,870 $7,570 $30,300
2022 $836 $30,550 $6,110 $24,440
2021 $838 $24,420 $4,880 $19,540
2020 $812 $20,920 $4,180 $16,740
2019 $813 $16,650 $3,330 $13,320
2018 $787 $14,380 $2,870 $11,510
2017 $754 $13,510 $2,700 $10,810
2016 $742 $11,170 $2,230 $8,940
2015 $687 $9,520 $1,900 $7,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5308551

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-047

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