NOT LISTED FOR SALE

2701 E Wood St Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $533,204 - $685,000

6 Beds
-- Bath
2,464 Sq Ft
$237/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $515,000 $209 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,170/month

6 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of May 2022

EXCITING opportunity to purchase this income producing duplex in a great location!! 1,232 Sq. Ft. PER unit. 2,464 total square feet. Custom wrought iron security fencing around property. Four total parking areas. 2-car carport and 2-car concrete slab parking. TENANTS RIGHTS - PLEASE DO NOT DISTURB TENANTS. Once an offer is accepted you will be able to view the units. This one won't last long. Call me today.

Last Agent to Sell the Property

Gina McMullen

Redfin Corporation License #SA558365000 Listed on: 04/21/2022

Last Buyer's Agent

Rachel Yusupova

HomeSmart License #SA550147000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,342

Year Built

  • Built in 2007

Lot Details

  • 7,623

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Percy L Julian Elementary And Middle School
  • South Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 133
  • Assessor Parcel Number 122-20-074

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60 x 130 x 59 x 130
  • North Broadway Estates 1 Lots 141 159 Subdivision

Building Details

  • Operating Expense $1,342
  • Gross Income $27,600
  • Net Operating Income $26,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,342

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Broadway & 27th
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH BROADWAY ESTATES 1 LOTS 141-159
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other, Paved, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Percy L Julian School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 60 x 130 x 59 x 130
  • Additional Parcels: No
  • Parcel #: 122-20-074

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 27600.0
  • Property Net Operating Income: 26258.0
  • Annual Operating Expense: 1342.0

Tax Info

  • Tax Annual Amount: 1342.0
  • Tax Book Number: 122.00
  • Tax Lot: 133

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 23, 2022
Sold by
Hrabik Kenneth E and Hrabik Evangeline C
Bought by
Bakhshi Farshid
Seller's Agent
Gina McMullen
Redfin Corporation
Buyer's Agent
Rachel Yusupova
HomeSmart
List Price
$550,000
Sold Price
$515,000
Premium/Discount to List
-$35,000
-6.36%
Current Estimated Value
$583,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,801
Avg. Annual Appreciation
3.50%
Original Mortgage
$412,000
Outstanding Balance
$388,740
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$195,061

Purchase Details

Closed on
May 1, 2020
Sold by
Hrabik
Bought by
Hrabik Kenneth E

Purchase Details

Closed on
Aug 22, 2019
Sold by
Hrabik Kenneth E
Bought by
Hrabik Evangeline C and Kenneth E Hrabik Family Trust

Purchase Details

Closed on
Jan 31, 2019
Sold by
Hrabik Evangelinie C and Kenneth E Hrabik Family Trust
Bought by
Hrabik Kenneth E

Purchase Details

Listed on
Jun 13, 2017
Closed on
Jun 30, 2017
Sold by
H&M Enterprises & Holdings Llc
Bought by
Hrabik Evangeline C and The Kenneth E Hrabik Family Trust
Seller's Agent
R Carl Cunningham
My Home Group Real Estate
Buyer's Agent
Roseanne Boston
Realty ONE Group
List Price
$209,900
Sold Price
$215,000
Premium/Discount to List
$5,100
2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Apr 29, 2010
Sold by
Deines Robert L and Deines Elaine M
Bought by
H&M Enterprises & Holdings Llc

Purchase Details

Closed on
Nov 30, 2007
Sold by
Rebl Holdings Llc
Bought by
Deines Robert L and Deines Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2006
Sold by
Bada Michael G and Bada Patricia A
Bought by
Rebl 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
$65,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2000
Sold by
Overstreet A L and Overstreet Charlene
Bought by
Bada Michael G and Bada Patricia A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bakhshi Farshid $515,000 Pioneer Title
Hrabik Kenneth E -- None Available
Hrabik Evangeline C -- None Available
Hrabik Kenneth E -- None Available
Hrabik Evangeline C $215,000 First Arizona Title Agency L
H&M Enterprises & Holdings Llc $67,201 First American Title
Deines Robert L -- Grand Cyn Title Agency Inc
Rebl Holdings Llc $75,500 The Talon Group Tramonto
Bada Michael G $32,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakhshi Farshid $412,000
Previous Owner Deines Robert L $215,000
Previous Owner Rebl Holdings Llc $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2022 05/25/22 Sold $515,000 -6.4% $209 / Sq Ft
04/21/2022 04/21/22 For Sale $550,000 +155.8% $223 / Sq Ft
07/06/2017 07/06/17 Sold $215,000 +2.4% $87 / Sq Ft View Prior Sale
06/19/2017 06/19/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $209,900 -- $85 / 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 $1,418 $9,407 -- --
2024 $1,343 $8,959 -- --
2023 $1,343 $39,200 $7,840 $31,360
2022 $1,316 $24,480 $4,890 $19,590
2021 $1,342 $19,850 $3,970 $15,880
2020 $1,326 $17,930 $3,580 $14,350
2019 $1,283 $16,480 $3,290 $13,190
2018 $1,248 $13,680 $2,730 $10,950
2017 $1,190 $11,250 $2,250 $9,000
2016 $1,132 $9,920 $1,980 $7,940
2015 $1,065 $7,980 $1,590 $6,390
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gina McMullen

    Redfin Corporation

  • Rachel Yusupova

    Buyer's Agent in 2022

    Rachel Yusupova

    HomeSmart

    (602) 741-4343

    9 in this area

    91 Total Sales

    Rachel Yusupova
    Section Image

  • R

    Seller's Agent in 2017

    R Carl Cunningham

    My Home Group

  • Roseanne Boston

    Buyer's Agent in 2017

    Roseanne Boston

    Realty One Group

    (602) 525-7034

    67 Total Sales

    Roseanne Boston
    Section Image

  • R

    Buyer's Agent in 2017

    Rosey Boston

    My Home Group

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6387275

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-20-074

Arizona Maricopa County Phoenix 85040 South Mountain

2701 E Wood St, 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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