NOT LISTED FOR SALE

2822 E Chipman Rd Unit 40A Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $401,000 - $424,000

0.11 Acre
$3,759,900 Price per Acre
4,914 Sq Ft Lot

Last Sold July 01, 2022

Last sale price $95,000

Est. 335% increase in value since last sale

Current estimated payment $2,326/month

7 Days on Market

About This Lot

As of July 2022

Great opportunity to build a cash flowing investment property. Single family home or multi-tenant. 3 units were on the property prior to removing the structures.

Last Listed By

Richard Kovarik

HomeSmart License #SA623916000 Listed on: 05/25/2022

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $501

Year Built

  • 2023

Lot Details

  • 4,914 Sq Ft Lot
  • Property is zoned M-H-R-3

Schools

  • Percy L Julian Elementary And Middle School
  • Bicentennial South High School

Community Details

  • No Home Owners Association
  • Phoenix Mini House No. 15 Subdivision

Listing and Financial Details

  • Tax Lot 40A
  • Assessor Parcel Number 122-61-117

Property Details

Property Type

Land

Est. Annual Taxes

$501

Year Built

2023

Lot Details

0

Listing Details

  • Cross Street: 28th street
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: M-H-R-3
  • Tax Year: 2021
  • Directions: I-10 to 32nd street, south to Chipman Road, west to property
  • Horses: No
  • Lot Size Acres: 0.11
  • Subdivision Name: PHOENIX MINI HOUSE NO. 15
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2023

Exterior Features

  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Percy L Julian School
  • High School: Bicentennial South School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 37x128
  • Lot Size Sq Ft: 4914.0
  • Additional Parcels: No
  • Parcel #: 122-61-117
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 501.0
  • Tax Book Number: 122.00
  • Tax Lot: 40A
  • Tax Map Number: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Trejo Juan
Bought by
Sanchez Jorge A Lopez and Perez Alondra Emiliano
Total Days on Market
7
Current Estimated Value
$413,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,700
Outstanding Balance
$392,593
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$20,996

Purchase Details

Listed on
May 25, 2022
Closed on
Jun 20, 2022
Sold by
Amber Kovarik
Bought by
Trejo Juan
Seller's Agent
Richard Kovarik
HomeSmart
Buyer's Agent
Kathy Pacheco Pietz
Realty ONE Group
List Price
$105,000
Sold Price
$95,000
Premium/Discount to List
-$10,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.95%

Purchase Details

Closed on
Jul 26, 2011
Sold by
Kovarik Richard M
Bought by
Kovarik Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
Almeida Hugo M
Bought by
Davis Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,810
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2004
Sold by
Davis Moline
Bought by
Davis Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,810
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Almeida Ernesto
Bought by
Almeida Hugo M

Purchase Details

Closed on
Nov 4, 1997
Sold by
Almeda Ernesto and Almeda Sylvia
Bought by
Almeda Ernesto

Range of Values:

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Average Value
Not Available
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
Sanchez Jorge A Lopez $410,000 Magnus Title Agency
Trejo Juan $95,000 Millennium Title Company
Kovarik Amber -- American Title Service Agenc
Kovarik Amber $30,000 American Title Service Agenc
Davis Mark $120,900 Capital Title Agency Inc
Davis Mark -- Capital Title Agency Inc
Almeida Hugo M -- --
Almeda Ernesto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jorge A Lopez $397,700
Previous Owner Kovarik Amber $25,000
Previous Owner Kovarik Amber $25,000
Previous Owner Davis Mark $123,000
Previous Owner Davis Mark $108,810
Previous Owner Almeida Ernesto $13,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $95,000 -9.5% --
06/01/2022 06/01/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $105,000 -- --
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 $397 $16,154 -- --
2024 $386 $2,574 $2,574 --
2023 $386 $8,685 $8,685 $0
2022 $378 $4,245 $4,245 $0
2021 $501 $11,450 $2,290 $9,160
2020 $495 $10,300 $2,060 $8,240
2019 $479 $8,730 $1,740 $6,990
2018 $466 $7,030 $1,400 $5,630
2017 $444 $5,830 $1,160 $4,670
2016 $422 $4,760 $950 $3,810
2015 $398 $3,710 $740 $2,970
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Richard Kovarik

    HomeSmart

    (480) 361-1450

    Section Image
  • Kathy Pacheco Pietz

    Buyer's Agent in 2022

    Kathy Pacheco Pietz

    Realty One Group

    (602) 738-5836

    8 in this area

    57 Total Sales

    Kathy Pacheco Pietz
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6405845

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-61-117

Arizona Maricopa County Phoenix 85040 South Mountain

2822 E Chipman Rd Unit 40A, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2822 E Chipman Rd Unit 40A, Phoenix, AZ 85040 since 25 May 2022 and is currently estimated at $413,589. This property was built in 2023. 2822 E Chipman Rd Unit 40A is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High School, and Phoenix Coding Academy.

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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