2701 W Ruth Ave Phoenix, AZ 85051
North Mountain Village Neighborhood
3
Beds
1.5
Baths
1,499
Sq Ft
6,713
Sq Ft Lot
Highlights
- No HOA
- Tile Flooring
- Wood Fence
- Eat-In Kitchen
- Remodeled Bathroom
- Heating Available
About This Home
As of November 2022Investment Opportunity! Occupied! Home recently remodeled with new tile, new carpet, new cabinets, new light fixtures, new counters, refinished and freshly painted walls. Major improvements to the plumbing and electrical systems. Located just seconds away from I-17. Property is leased for $775/mo until April 30, 2014. This property is projected to bring in total rents of $9,120 less 5% vacancy of -$456 per year so $8,664 gross income. Then after projected expenses of $2,808 the amount an investor would pocket is $5,856 per year based on pro forma. This is a 6.51% CAP Rate.
Last Agent to Sell the Property
Gerchick Real Estate License #BR114848000 Listed on: 07/28/2011
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $615
Year Built
- Built in 1954
Lot Details
- 6,713 Sq Ft Lot
- Desert faces the front of the property
- Wood Fence
- Chain Link Fence
Parking
- 1 Carport Space
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- 1,499 Sq Ft Home
- 1-Story Property
- Eat-In Kitchen
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Remodeled Bathroom
- Primary Bathroom is a Full Bathroom
- 1.5 Bathrooms
Schools
- Alta Vista Elementary School
- Palo Verde Middle School
- Cortez High School
Utilities
- Refrigerated Cooling System
- Heating Available
Community Details
- No Home Owners Association
- Association fees include no fees
- Alta Vista Subdivision
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 150-04-017
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2022
Closed on
Nov 21, 2022
Sold by
Lopez Hector and Lopez Kathryn A
Bought by
Aguilar Magdalena and Herrera Mauro Angel
Seller's Agent
Vincent Netzel
Realty ONE Group
Buyer's Agent
Luisa Ortega
eXp Realty
List Price
$399,900
Sold Price
$335,000
Premium/Discount to List
-$64,900
-16.23%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397
Avg. Annual Appreciation
0.04%
Original Mortgage
$328,932
Outstanding Balance
$319,372
Interest Rate
6.94%
Mortgage Type
FHA
Estimated Equity
$16,025
Purchase Details
Closed on
Jul 13, 2021
Sold by
Lopez Hector
Bought by
Lopez Hector and Sensibaugh Kathryn 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
2.96%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 28, 2011
Closed on
Oct 9, 2013
Sold by
Berg Johnson Rental Properties Llc
Bought by
Lopez Hector
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Ernesto Ibanez-Lopez
My Home Group Real Estate
List Price
$90,000
Sold Price
$90,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$88,369
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 22, 2009
Sold by
Appb Management Llc
Bought by
Berg Johnson Rentalproperties Llc
Purchase Details
Closed on
Jun 12, 2009
Sold by
Bayview Loan Servicing Llc
Bought by
Appb Management Llc
Purchase Details
Closed on
Mar 23, 2009
Sold by
Terrones Salvador and Valtierra Margarita
Bought by
Bayview Loan Servicing Llc
Purchase Details
Closed on
Jun 22, 2007
Sold by
Rojas Luis Fernando and Terones Salvador
Bought by
Terrones Salvador and Valtierra Margarita
Purchase Details
Closed on
Apr 4, 2007
Sold by
Terrones Salvador and Valterra Margarita
Bought by
Terrones Salvador and Rojas Luis Fernando
Purchase Details
Closed on
Sep 16, 2003
Sold by
Fast Darla K
Bought by
Terrones Salvador and Valtierra Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 1995
Sold by
Jungwirth Bryan
Bought by
Fast Darla K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,450
Interest Rate
7.37%
Mortgage Type
New Conventional
Similar Home in Phoenix, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $335,000 | Empire Title Services | |
| Warranty Deed | -- | Security Title | |
| Warranty Deed | $90,000 | Empire West Title Agency | |
| Quit Claim Deed | -- | Accommodation | |
| Cash Sale Deed | $36,000 | Chicago Title | |
| Trustee Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $106,000 | Fidelity National Title | |
| Warranty Deed | $57,200 | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $328,932 | FHA | |
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $88,369 | FHA | |
| Previous Owner | $186,000 | Unknown | |
| Previous Owner | $106,000 | New Conventional | |
| Previous Owner | $55,450 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2022 11/21/22 | Sold | $335,000 | 0.0% | $285 / Sq Ft |
| 10/06/2022 10/06/22 | Price Changed | $335,000 | -2.9% | $285 / Sq Ft |
| 09/27/2022 09/27/22 | Price Changed | $345,000 | -2.8% | $293 / Sq Ft |
| 09/13/2022 09/13/22 | Price Changed | $355,000 | -1.4% | $302 / Sq Ft |
| 09/01/2022 09/01/22 | Price Changed | $360,000 | -2.7% | $306 / Sq Ft |
| 08/20/2022 08/20/22 | Price Changed | $370,000 | -2.6% | $315 / Sq Ft |
| 08/07/2022 08/07/22 | Price Changed | $380,000 | -2.3% | $323 / Sq Ft |
| 08/03/2022 08/03/22 | Price Changed | $389,000 | -1.5% | $331 / Sq Ft |
| 07/28/2022 07/28/22 | Price Changed | $394,900 | -1.3% | $336 / Sq Ft |
| 07/21/2022 07/21/22 | For Sale | $399,900 | +344.3% | $340 / Sq Ft |
| 10/28/2013 10/28/13 | Sold | $90,000 | 0.0% | $60 / Sq Ft |
| 08/30/2013 08/30/13 | Pending | -- | -- | -- |
| 05/30/2013 05/30/13 | For Sale | $90,000 | 0.0% | $60 / Sq Ft |
| 05/25/2013 05/25/13 | Pending | -- | -- | -- |
| 11/30/2012 11/30/12 | Price Changed | $90,000 | +3.4% | $60 / Sq Ft |
| 09/28/2012 09/28/12 | Price Changed | $87,000 | +6.1% | $58 / Sq Ft |
| 07/27/2012 07/27/12 | Price Changed | $82,000 | +13.9% | $55 / Sq Ft |
| 01/06/2012 01/06/12 | Price Changed | $72,000 | -27.3% | $48 / Sq Ft |
| 07/28/2011 07/28/11 | For Sale | $99,000 | -- | $66 / 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 | $669 | $6,246 | -- | -- |
| 2024 | $656 | $5,949 | -- | -- |
| 2023 | $656 | $22,480 | $4,490 | $17,990 |
| 2022 | $633 | $17,050 | $3,410 | $13,640 |
| 2021 | $649 | $15,320 | $3,060 | $12,260 |
| 2020 | $632 | $14,150 | $2,830 | $11,320 |
| 2019 | $620 | $12,000 | $2,400 | $9,600 |
| 2018 | $603 | $11,110 | $2,220 | $8,890 |
| 2017 | $601 | $8,830 | $1,760 | $7,070 |
| 2016 | $590 | $9,200 | $1,840 | $7,360 |
| 2015 | $547 | $7,280 | $1,450 | $5,830 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Vincent Netzel
Realty One Group
(602) 920-6652
3 in this area
46 Total Sales
-
Buyer's Agent in 2022
Luisa Ortega
eXp Realty
(602) 510-0866
2 in this area
29 Total Sales
-
Seller's Agent in 2013
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
4 in this area
121 Total Sales
-
Seller Co-Listing Agent in 2013
Patrick O'Sullivan
Get Multifamily
(602) 842-5050
3 in this area
30 Total Sales
-
Buyer's Agent in 2013
Ernesto Ibanez-Lopez
My Home Group Real Estate
(602) 488-1327
9 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4625171
APN: 150-04-017
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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