J
Seller's Agent in 2020
Jake Allen
Tradelands Realty
(480) 610-6833
2 in this area
40 Total Sales
2731 E Southgate Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $680,000 - $981,626
Studio
--
Bath
2,376
Sq Ft
$344/Sq Ft
Est. Value
Highlights
- Community Barbecue Grill
- Central Heating and Cooling System
- Ceiling Fan
- Phoenix Coding Academy Rated A
About This Home
As of May 20208% CAP RATE! CASH FLOW! Its like having 4 single family homes. Walking distance to Large established well known companies and factories – work opportunities in area are endless! Property features two free standing duplexes (4 total units). Built in 2006, each unit 1200 SqFt w/own 2 car garage & fenced in yard. Three of the units are 4 bed 2 bath and 4th unit (was owner occupied) & redone by the owner with 3 bed (large Master) & 2 baths. All units feature tile throughout ground floor & bathrooms. The kitchens have all been upgraded & feature backsplash, fridge, dishwasher, microwave. All units have stackable washers/dryer. The grounds are well kept with plenty of space in common area. Owner has never had issue renting the units & keeping them full w/good quality tenants. Bring Us an Offer!
Last Agent to Sell the Property
Tradelands Realty License #SA569290000 Listed on: 05/08/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,271
Year Built
- Built in 2006
Lot Details
- 0.39
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
Parking
- 11 Open Parking Spaces
- 19 Parking Spaces
- 8 Covered Spaces
- Assigned Parking
Schools
- Roosevelt Elementary School
- Percy L Julian Middle School
- South Mountain High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for water, sewer, cable TV
- The owner pays for landscaping
- Tax Lot 65
- Assessor Parcel Number 122-20-110
Community Details
Overview
- 4 Buildings
- 4 Units
- Building Dimensions are IRR
- Peila Homes Subdivision
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $6,461
- Gross Income $63,840
- Net Operating Income $60,739
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 26, 2024
Sold by
Keyless Homes Llc
Bought by
Frances Garrett Estates Llc
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
$400,000
Outstanding Balance
$394,240
Interest Rate
6.74%
Mortgage Type
Seller Take Back
Estimated Equity
$424,167
Purchase Details
Listed on
May 8, 2020
Closed on
May 26, 2020
Sold by
Brown Michael Scott and Brown Inrgid Barros
Bought by
Keyless Homes Llc
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Daniel Schaffler
Compass
List Price
$749,900
Sold Price
$720,000
Premium/Discount to List
-$29,900
-3.99%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Original Mortgage
$300,000
Interest Rate
3.3%
Mortgage Type
Unknown
Purchase Details
Listed on
Mar 15, 2016
Closed on
May 5, 2016
Sold by
Tobler Remi
Bought by
Brown Ii Michael Scott and Brown Ingrid Barros
Seller's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Brian Kulpaca
ProSmart Realty
List Price
$419,000
Sold Price
$419,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.23%
Original Mortgage
$411,410
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 24, 2008
Sold by
Tobler Samantha C
Bought by
Tobler Remi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,250
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 29, 2008
Sold by
Deutsche Bank National Trust
Bought by
Tobler Remi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,250
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 3, 2008
Sold by
Mcgraw Louis
Bought by
Detuche Bank National Trust Co and New Century Alternative Mortgage Loan Tr
Purchase Details
Closed on
Mar 1, 2006
Sold by
Am Builders Llc
Bought by
Mcgraw Louis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,700
Interest Rate
6.25%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Aug 26, 2005
Sold by
Felix Harry Ortega
Bought by
Am Builders Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 9, 2005
Sold by
Mcgraw Laurie
Bought by
Mcgraw Louis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.72%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Frances Garrett Estates Llc | $900,000 | Clear Title Agency Of Arizona | |
| Keyless Homes Llc | $720,000 | Commonwealth Title | |
| Brown Ii Michael Scott | $419,000 | Grand Canyon Title Agency | |
| Tobler Remi | -- | Great American Title Agency | |
| Tobler Remi | $271,000 | Great American Title Agency | |
| Detuche Bank National Trust Co | $316,000 | Great American Title Agency | |
| Mcgraw Louis | $530,000 | Capital Title Agency Inc | |
| Am Builders Llc | $74,000 | -- | |
| Mcgraw Louis | -- | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Frances Garrett Estates Llc | $400,000 | |
| Previous Owner | Keyless Homes Llc | $300,000 | |
| Previous Owner | Brown Ii Michael Scott | $411,410 | |
| Previous Owner | Tobler Remi | $203,250 | |
| Previous Owner | Tobler Remi | $203,250 | |
| Previous Owner | Mcgraw Louis | $81,700 | |
| Previous Owner | Mcgraw Louis | $417,000 | |
| Previous Owner | Am Builders Llc | $230,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/29/2020 05/29/20 | Sold | $720,000 | -4.0% | $303 / Sq Ft | |
| 05/16/2020 05/16/20 | Pending | -- | -- | -- | |
| 05/08/2020 05/08/20 | For Sale | $749,900 | +79.0% | $316 / Sq Ft | |
| 05/06/2016 05/06/16 | Sold | $419,000 | 0.0% | $176 / Sq Ft | View Prior Sale |
| 03/29/2016 03/29/16 | Pending | -- | -- | -- | |
| 03/15/2016 03/15/16 | For Sale | $419,000 | -- | $176 / 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 | $2,511 | $16,650 | -- | -- |
| 2024 | $2,376 | $15,857 | -- | -- |
| 2023 | $2,376 | $75,550 | $15,110 | $60,440 |
| 2022 | $2,329 | $46,510 | $9,300 | $37,210 |
| 2021 | $2,376 | $35,310 | $7,060 | $28,250 |
| 2020 | $2,347 | $32,320 | $6,460 | $25,860 |
| 2019 | $2,271 | $29,300 | $5,860 | $23,440 |
| 2018 | $2,210 | $24,300 | $4,860 | $19,440 |
| 2017 | $2,106 | $19,860 | $3,970 | $15,890 |
| 2016 | $2,003 | $18,100 | $3,620 | $14,480 |
| 2015 | $1,886 | $14,530 | $2,900 | $11,630 |
Source: Public Records
Agents Affiliated with this Home
-
Jake Allen
-
Daniel Schaffler
Buyer's Agent in 2020
Daniel Schaffler
Compass
(480) 340-6246
5 in this area
136 Total Sales
-
Scott Bartlowe
Seller's Agent in 2016
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
(480) 649-3536
1 in this area
35 Total Sales
-
Brian Kulpaca
Buyer's Agent in 2016
Brian Kulpaca
ProSmart Realty
(602) 686-3304
18 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6075868
APN: 122-20-110
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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