NOT LISTED FOR SALE

Estimated Value: $338,205 - $643,000

1 Bed
-- Bath
3,618 Sq Ft
$141/Sq Ft Est. Value

Sale Details

Date Sold: February 7, 2014

Last sale price $150,000 $41 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $2,868 / mo

90 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Cooling Available

About This Home

As of February 2014

Possibility of 8 units with residential financing! 2820 E Monte Cristo can be sold together with 2814 E Monte Cristo. Preferred unit mix in Palomino Point! 3 bed/3 bath, 2 bed/2 bath, 2 bed/1.5 bath townhouse and a large 1 bed/1 bath. HOA pays water/sewer/trash and landscaping. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/14/2013

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Joseph Cohan

IRS/International Realty Services, Inc. License #BR104965000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,207

Year Built

  • Built in 1982

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 10 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 37
  • Assessor Parcel Number 214-39-065

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are irr

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $21,395
  • Gross Income $47,477
  • Net Operating Income $23,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,207

Year Built

Built in 1982

Lot Details

5,750 Sq Ft Lot

Listing Details

  • Cross Street: Greenway/32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 214-39-065

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 47476.8
  • Insurance Expense: 2400.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 23233.0
  • Annual Operating Expense: 21395.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2207.0
  • Tax Book Number: 214.00
  • Tax Lot: 37

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Jan 17, 2014
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
List Price
$169,000
Sold Price
$150,000
Premium/Discount to List
-$19,000
-11.24%
Current Estimated Value
$509,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,301
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Jul 12, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 23, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,125,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,257,450
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 Chicago Title Agency Inc
-- Chicago Title Agency Inc
$103,000 Chicago Title Agency Inc
$380,000 None Available
-- Tsa Title Agency
$380,000 Tsa Title Agency
-- Tsa Title Agency
$17,300,000 --
$12,100,000 Fidelity National Title
-- First American Title
-- Fidelity Title
-- Fidelity Title
$123,000 Fidelity Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $77,250
Previous Owner $304,000
Previous Owner $13,125,000
Previous Owner $11,257,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/07/2014 02/07/14 Sold $150,000 -11.2% $41 / Sq Ft
01/12/2014 01/12/14 Pending -- -- --
10/14/2013 10/14/13 For Sale $169,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,405 $13,747 -- --
2024 $1,340 $13,092 -- --
2023 $1,340 $38,920 $7,780 $31,140
2022 $1,326 $26,750 $5,350 $21,400
2021 $1,330 $22,880 $4,570 $18,310
2020 $1,289 $20,230 $4,040 $16,190
2019 $1,291 $17,900 $3,580 $14,320
2018 $1,248 $15,720 $3,140 $12,580
2017 $1,197 $14,850 $2,970 $11,880
2016 $1,177 $13,280 $2,650 $10,630
2015 $1,090 $12,480 $2,490 $9,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5014592

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-065

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