2719 W Maryland Ave Phoenix, AZ 85017
Grandview Neighborhood
--
Bed
--
Bath
1,550
Sq Ft
1983
Built
Highlights
- Evaporated cooling system
- Ceramic Tile Flooring
- Heating Available
- Washington High School Rated A-
About This Home
As of December 202419.4% cash-on-cash return when financing with 30% down! Currently 100% occupied and producing a good cash flow. Owner just installed (June 2012) five (5) new AC units & has made many improvements, including new exterior paint, new AC (window) units, new parking lot seal coat/re-stripe, and remodeling of some units. Unit mix is six (6) 1-bedrooms, one 2-bedroom, & one studio. Owner pays for water/trash; Individually metered (and/or submetered)for electric (SRP). On-site manager receives discounted rent ($250). Minimal landscaping helps keep expenses low. Laundry room provides addt'l monthly income as well. Drive by only; DO NOT disturb tenants/manager.
Last Agent to Sell the Property
Peak PM LLC License #BR038638000 Listed on: 02/20/2012
Last Buyer's Agent
Duane Mantey
American Realty Brokers License #SA579855000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,605
Year Built
- Built in 1983
Home Design
- Wood Frame Construction
- Built-Up Roof
- Block Exterior
Flooring
- Concrete
- Ceramic Tile
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Free Parking
- Paved Parking
Schools
- Washington Elementary School - Phoenix
- Montebello Middle School
- Washington Elementary School - Phoenix High School
Utilities
- Evaporated cooling system
- Cooling System Mounted To A Wall/Window
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 4
- Assessor Parcel Number 152-14-014-A
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 152 X 60
- Ambassador Heights Lot 4 Subdivision
Building Details
- Operating Expense $19,260
- Gross Income $44,712
- Net Operating Income $24,946
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 31, 2024
Closed on
Dec 2, 2024
Sold by
Crown Investment Company
Bought by
Rabadi Laith Samir and Rabadi Esmeralda Evelia
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$800,000
Sold Price
$680,000
Premium/Discount to List
-$120,000
-15%
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
-$93,890
Avg. Annual Appreciation
-16.84%
Original Mortgage
$600,000
Interest Rate
6.44%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 31, 2024
Closed on
Oct 15, 2024
Sold by
Sprouting Llc
Bought by
Crown Investment Company
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$800,000
Sold Price
$680,000
Premium/Discount to List
-$120,000
-15%
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
Interest Rate
6.44%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 31, 2024
Closed on
Oct 8, 2024
Sold by
Sprouting Llc
Bought by
Arbors Unlimited Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$800,000
Sold Price
$680,000
Premium/Discount to List
-$120,000
-15%
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
Interest Rate
6.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 3, 2020
Sold by
Palmark Investments Llc
Bought by
Sprouting Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 20, 2012
Closed on
Nov 6, 2012
Sold by
Equity Trust Co
Bought by
Palmark Investments Llc
Seller's Agent
Stephen Weber
Peak PM LLC
Buyer's Agent
Duane Mantey
American Realty Brokers
List Price
$230,000
Sold Price
$185,000
Premium/Discount to List
-$45,000
-19.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Purchase Details
Closed on
Mar 4, 2011
Sold by
Sanchez Ismael A and Sanchez Maria Eugenia C
Bought by
Equity Trust Co
Purchase Details
Closed on
May 4, 2006
Sold by
Boanca Daniel and Boanca Claudia C
Bought by
Sanchez Ismael A and Sanchez Maria Eugenia C
Purchase Details
Closed on
Apr 27, 2004
Sold by
Becker Michael F
Bought by
Boanca Daniel and Boanca Claudia C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 1998
Sold by
Utuva Investments Llc
Bought by
Becker Michael F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 18, 1995
Sold by
Old Standard Life Insurance Company
Bought by
Coker Shawn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 20, 1994
Sold by
Old Standard Life Insurance Company
Bought by
Old Standard Life Insurance Company
Similar Home in Phoenix, AZ
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $680,000 | Landmark Title | |
| Trustee Deed | $616,000 | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $530,000 | Chicago Title Agency Inc | |
| Cash Sale Deed | $185,000 | Chicago Title Agency Inc | |
| Warranty Deed | $93,500 | Equity Title Agency Inc | |
| Warranty Deed | $350,000 | Great American Title Agency | |
| Special Warranty Deed | $250,000 | Ticor Title Agency Of Az Inc | |
| Warranty Deed | -- | Lawers Title Of Arizona Inc | |
| Warranty Deed | -- | Lawyers Title Of Arizona Inc | |
| Warranty Deed | $100,000 | Security Title Agency | |
| Trustee Deed | -- | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Closed | $600,000 | New Conventional | |
| Previous Owner | $685,000 | Commercial | |
| Previous Owner | $365,000 | Commercial | |
| Previous Owner | $21,000 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $135,000 | Commercial | |
| Previous Owner | $95,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $680,000 | -15.0% | $439 / Sq Ft |
| 11/23/2024 11/23/24 | Pending | -- | -- | -- |
| 10/31/2024 10/31/24 | For Sale | $800,000 | +332.4% | $516 / Sq Ft |
| 10/31/2012 10/31/12 | Sold | $185,000 | -19.6% | $119 / Sq Ft |
| 09/27/2012 09/27/12 | Pending | -- | -- | -- |
| 02/20/2012 02/20/12 | For Sale | $230,000 | -- | $148 / 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 | $2,442 | $19,616 | -- | -- |
| 2024 | $2,439 | $19,013 | -- | -- |
| 2023 | $2,439 | $67,459 | $13,492 | $53,967 |
| 2022 | $2,404 | $50,852 | $10,165 | $40,687 |
| 2021 | $2,472 | $45,247 | $9,044 | $36,203 |
| 2020 | $2,410 | $38,923 | $7,779 | $31,144 |
| 2019 | $2,366 | $34,748 | $6,950 | $27,798 |
| 2018 | $2,304 | $32,545 | $6,501 | $26,044 |
| 2017 | $2,292 | $26,956 | $5,386 | $21,570 |
| 2016 | $2,251 | $20,468 | $4,094 | $16,374 |
| 2015 | $2,115 | $15,498 | $3,097 | $12,401 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2024
Beth Jo Zeitzer
R.O.I. Properties
-
Seller Co-Listing Agent in 2024
Jake Vice
R.O.I. Properties
(480) 273-0212
1 in this area
37 Total Sales
-
N
Buyer's Agent in 2024
Non-MLS Agent
Non-MLS Office
-
Seller's Agent in 2012
Stephen Weber
Peak PM LLC
(602) 920-6402
24 Total Sales
-
D
Buyer's Agent in 2012
Duane Mantey
American Realty Brokers
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4719746
APN: 152-14-014A
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
Nearby Homes
- 2840 W Marlette Ave
- 2829 W Marlette Ave
- 6629 N 27th Ave Unit 51
- 2922 W Citrus Way
- 2629 W Ocotillo Rd Unit 3
- 2687 W Ocotillo Rd Unit 21
- 3006 W Stella Ln
- 6130 N 27th Ave
- 6713 N 27th Ave
- 6714 N 26th Dr
- 2808 W Lawrence Rd
- 2605 W Rose Ln Unit B-202
- 2605 W Rose Ln Unit B201
- 2911 W Keim Dr
- 2616 W Berridge Ln Unit C2
- 2522 W Ocotillo Rd Unit 17
- 2427 W Citrus Way
- 2533 W Rose Ln Unit A8
- 6320 N 30th Dr
- 2537 W Rose Ln Unit A6