NOT LISTED FOR SALE

2755 E Atlanta Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $460,654 - $664,000

-- Bed
-- Bath
3,049 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $197,000 $65 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $3,005/month

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2017

Fantastic centrally located Triplex income property! Two 3bd/2ba units and one 2bd/1ba. Community laundry room and exterior storage closets for each unit. Fenced property with new roof and AC on all units. Two units have been recently remolded and one of the tenants has lived in the property for over 10 years! Almost zero exterior maintenance so you can manage out of state or locally. Easy access to highways and shopping. HUGE incentive for investors looking to capitalize on the City of Phoenix Neighborhood Services... forgivable loans to rehab low income properties and the deadline is Dec. 15th for investors able to do a quick close.

Last Agent to Sell the Property

Richard Kovarik

HomeSmart License #SA623916000 Listed on: 11/03/2017

HomeSmart

Last Buyer's Agent

Kevin Langan

eXp Realty License #SA632130000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $816

Year Built

  • Built in 1985

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 146
  • Assessor Parcel Number 122-55-097

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7011 SF

Building Details

  • Operating Expense $816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$816

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 32ND ST & BROADWAY
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: None, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Lot Info

  • Lot Size: 7011 SF
  • Additional Parcels: No
  • Parcel #: 122-55-097

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Operating Expense: 816.0

Tax Info

  • Tax Annual Amount: 816.0
  • Tax Book Number: 122.00
  • Tax Lot: 146

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2018
Sold by
Langan Kevin T
Bought by
Kz Partners Llc
Current Estimated Value
$558,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$135,738
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$422,426

Purchase Details

Listed on
Nov 3, 2017
Closed on
Nov 29, 2017
Sold by
Hot Atlanta Llc
Bought by
Langan Kevin
Seller's Agent
Richard Kovarik
HomeSmart
Buyer's Agent
Kevin Langan
eXp Realty
List Price
$192,500
Sold Price
$197,000
Premium/Discount to List
$4,500
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%

Purchase Details

Closed on
Jun 1, 2009
Sold by
Kovarik Amber
Bought by
Kovarik Richard M

Purchase Details

Closed on
May 27, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Kovarik Richard M

Purchase Details

Closed on
Mar 31, 2009
Sold by
Tang Trina
Bought by
Ocwen Loan Servicing Llc

Purchase Details

Closed on
Mar 16, 2009
Sold by
Tang Trina
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jan 31, 2006
Sold by
Kemmesat Christopher M
Bought by
Tang Trina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2004
Sold by
Russell Bertrand and Russell Jeannette
Bought by
Kemmesat Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,400
Interest Rate
8.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2000
Sold by
Joksimovich Gordon
Bought by
Russell Bertrand and Russell Jeannette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
10.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 4, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,600
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 1995
Sold by
Deutsch Seymour
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,360
Interest Rate
7.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kz Partners Llc -- Accommodation
Langan Kevin T -- Magnus Title Agency Llc
Langan Kevin $197,000 Fidelity National Title Agen
Kovarik Richard M -- First American Title Ins Co
Kovarik Richard M $53,000 First American Title Ins Co
Ocwen Loan Servicing Llc $135,642 First American Title
Federal Home Loan Mortgage Corp $135,642 First American Title
Tang Trina $214,000 Lawyers Title Insurance Corp
Kemmesat Christopher M $152,000 First Financial Title Agency
Russell Bertrand $90,000 Nations Title Insurance
Joksimovich Gordon $51,000 Security Title Agency
Austin Funding Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Langan Kevin T $157,500
Previous Owner Tang Trina $171,200
Previous Owner Kemmesat Christopher M $144,400
Previous Owner Russell Bertrand $67,500
Previous Owner Joksimovich Gordon $30,600
Previous Owner Austin Funding Inc $18,360
Closed Russell Bertrand $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2017 11/30/17 Sold $197,000 +2.3% $65 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $192,500 -- $63 / 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 $973 $6,452 -- --
2024 $921 $6,145 -- --
2023 $921 $38,520 $7,700 $30,820
2022 $902 $27,010 $5,400 $21,610
2021 $921 $21,930 $4,380 $17,550
2020 $909 $17,860 $3,570 $14,290
2019 $880 $18,020 $3,600 $14,420
2018 $856 $14,710 $2,940 $11,770
2017 $816 $9,680 $1,930 $7,750
2016 $776 $8,220 $1,640 $6,580
2015 $731 $7,080 $1,410 $5,670
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Richard Kovarik

    HomeSmart

    Section Image
  • Kevin Langan

    Buyer's Agent in 2017

    Kevin Langan

    eXp Realty

    (480) 351-4900

    2 in this area

    51 Total Sales

    Kevin Langan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5683347

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-55-097

Arizona Maricopa County Phoenix 85040 South Mountain

2755 E Atlanta Ave, 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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