Seller's Agent in 2019
Sophia Baron
Get Multifamily
(480) 375-0227
67 Total Sales
2829 W Melvin St Phoenix, AZ 85009
Estrella Village NeighborhoodEstimated Value: $394,000 - $796,000
Studio
1
Bath
1,242
Sq Ft
$480/Sq Ft
Est. Value
Highlights
- Evaporated cooling system
- Heating Available
- 4-minute walk to Willow Park
- Phoenix Coding Academy Rated A
About This Home
As of September 2019Willow Apartments is an amazing value add opportunity. 2825 W Melvin included in this sale. These are fully rented units all 2 bedroom one bath units. All units are month to month . Rents have not been raised in over 33 years current rents are at $375. Proforma rents should be at 700 each a month. All tenants pay for electric. 1986 construction, stucco finish, and currently have swamp coolers. All facts and figures are approximate buyer verify MLS information. Please drive by only tenants are unaware of the sale.
Last Agent to Sell the Property
Get Multifamily License #BR648866000 Listed on: 07/31/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,188
Year Built
- Built in 1986
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
Utilities
- Evaporated cooling system
- Heating Available
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection, landscaping
- Legal Lot and Block 11 / 10
- Assessor Parcel Number 109-27-134
Community Details
Overview
- 5 Buildings
- 9 Units
- Building Dimensions are 13000
- Willow Addition Subdivision
Building Details
- Operating Expense $19,376
- Gross Income $71,820
- Net Operating Income $52,444
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2019
Closed on
Sep 5, 2019
Sold by
Braden Charles and Mcsorley Kathy
Bought by
Arizona Land Owner Llc
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Lauren Hensley
My Home Group Real Estate
List Price
$585,000
Sold Price
$575,000
Premium/Discount to List
-$10,000
-1.71%
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
$21,701
Avg. Annual Appreciation
0.56%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arizona Land Owner Llc | $575,000 | Empire West Title Agency Llc |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2019 09/09/19 | Sold | $575,000 | -1.7% | $463 / Sq Ft |
| 07/31/2019 07/31/19 | For Sale | $585,000 | -- | $471 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,296 | $7,979 | -- | -- |
| 2024 | $1,275 | $7,599 | -- | -- |
| 2023 | $1,275 | $34,470 | $6,890 | $27,580 |
| 2022 | $1,216 | $23,130 | $4,620 | $18,510 |
| 2021 | $1,212 | $20,300 | $4,060 | $16,240 |
| 2020 | $1,190 | $17,510 | $3,500 | $14,010 |
| 2019 | $1,169 | $15,520 | $3,100 | $12,420 |
| 2018 | $1,171 | $12,750 | $2,550 | $10,200 |
| 2017 | $1,164 | $11,580 | $2,310 | $9,270 |
| 2016 | $1,127 | $8,750 | $1,750 | $7,000 |
| 2015 | $1,043 | $7,680 | $1,530 | $6,150 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia Baron
-
Joshua Willets
Seller Co-Listing Agent in 2019
Joshua Willets
Grace CRE
(561) 473-4477
17 Total Sales
-
Lauren Hensley
Buyer's Agent in 2019
Lauren Hensley
My Home Group Real Estate
(480) 818-7970
36 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5958970
APN: 109-27-134
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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