NOT LISTED FOR SALE

2840 E Atlanta Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $348,968 - $451,000

-- Bed
-- Bath
1,590 Sq Ft
$250/Sq Ft Est. Value

Last Sold February 15, 2013

Last sale price $61,000 $38 Per Sq Ft

Est. 552% increase in value since last sale

Current estimated payment $2,211/month

56 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of February 2013

Looking for investment property? Look no further! This duplex is ready for you. New air conditioner on each unit (less than a year old) New electrical panels outside. New bath tub, surround and shower valves. New kitchen cabinets and counter tops. Newer paint. Replaced closet doors. Major improvements also performed in 2007 such as plumbing, electrical, sheet rock, and flooring. This one won't last long! Fully leased for $1,000 a month; $500 each side. Long-term tenants!

Last Agent to Sell the Property

Gregory Hagopian

eXp Realty License #SA572175000 Listed on: 12/07/2012

eXp Realty

Last Buyer's Agent

Cory Tereick

DTD REALTY License #BR637238000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $480

Year Built

  • Built in 1985

Lot Details

  • 7,579

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • South Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 121
  • Assessor Parcel Number 122-61-076

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60x127
  • Weir Estates Subdivision

Building Details

  • Operating Expense $1,630
  • Gross Income $12,000
  • Net Operating Income $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$480

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2012
  • Directions: S on 32nd St, W on Atlanta at home.
  • Road Surface Type: Asphalt
  • Subdivision Name: Weir Estates
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 900.0

Schools

  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 60x127
  • Additional Parcels: No
  • Parcel #: 122-61-076

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 12000.0
  • Property Net Operating Income: 11000.0
  • Annual Operating Expense: 1630.3

Tax Info

  • Tax Annual Amount: 480.3
  • Tax Book Number: 122.00
  • Tax Lot: 121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2014
Sold by
Desert Peak Properties Llc
Bought by
Johnson Mike
Current Estimated Value
$397,742

Purchase Details

Closed on
Jun 26, 2014
Sold by
Johnson Yoke Mooi
Bought by
Johnson Mike

Purchase Details

Listed on
Dec 7, 2012
Closed on
Feb 13, 2013
Sold by
Leftwich Robert
Bought by
Desert Peak Properties Llc
Seller's Agent
Gregory Hagopian
eXp Realty
Buyer's Agent
Cory Tereick
DTD REALTY
List Price
$69,990
Sold Price
$61,000
Premium/Discount to List
-$8,990
-12.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.87%

Purchase Details

Closed on
Oct 3, 2012
Sold by
Lefwich Tracy
Bought by
Lefwich Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2011
Sold by
Tran Tracy Tram
Bought by
Leftwich Robert and Leftwich Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
4.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2006
Sold by
Tran Tim
Bought by
Tran Tracy Tram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,500
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 24, 2001
Sold by
Black Charles E
Bought by
Black Helen

Purchase Details

Closed on
Dec 7, 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
$54,000
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 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
$17,500
Interest Rate
9.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 1995
Sold by
Chase Manhattan Mtg Corp
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
$8,500
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 1995
Sold by
Christensen David and Batchelder Steve
Bought by
Chase Manhattan Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,500
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Johnson Mike $75,000 Driggs Title Agency Inc
Johnson Mike -- Driggs Title Agency Inc
Desert Peak Properties Llc $61,000 Old Republic Title Agency
Lefwich Robert -- Magnus Title Agency
Leftwich Robert $36,466 None Available
Tran Tracy Tram -- Nations Direct Title Agency
Tran Tracy Tram $145,000 Nations Direct Title Agency
Black Helen -- Security Title Agency
Russell Bertrand $60,000 American Title Insurance
Joksimovich Gordon $25,000 Security Title Agency
Austin Funding Inc $8,000 First Southwestern Title
Chase Manhattan Mtg Corp -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lefwich Robert $102,000
Previous Owner Leftwich Robert $27,500
Previous Owner Leftwich Robert $27,500
Previous Owner Tran Tracy Tram $14,500
Previous Owner Russell Bertrand $87,975
Previous Owner Russell Bertrand $54,000
Previous Owner Joksimovich Gordon $17,500
Previous Owner Austin Funding Inc $8,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2013 02/15/13 Sold $61,000 -12.8% $38 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
12/07/2012 12/07/12 For Sale $69,990 -- $44 / 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 $578 $3,934 -- --
2024 $561 $3,747 -- --
2023 $561 $25,830 $5,160 $20,670
2022 $550 $17,950 $3,590 $14,360
2021 $561 $14,830 $2,960 $11,870
2020 $554 $11,950 $2,390 $9,560
2019 $537 $11,720 $2,340 $9,380
2018 $522 $9,630 $1,920 $7,710
2017 $498 $6,280 $1,250 $5,030
2016 $473 $5,270 $1,050 $4,220
2015 $445 $4,480 $890 $3,590
Source: Public Records

Agents Affiliated with this Home

  • Gregory Hagopian

    Seller's Agent in 2013

    Gregory Hagopian

    eXp Realty

    (480) 382-4450

    1 in this area

    54 Total Sales

    Gregory Hagopian
    Section Image
  • Cory Tereick

    Buyer's Agent in 2013

    Cory Tereick

    DTD REALTY

    (602) 702-3601

    4 Total Sales

    Cory Tereick
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4860125

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-61-076

Arizona Maricopa County Phoenix 85040 South Mountain

2840 E Atlanta Ave, Phoenix, AZ

This home is located at 2840 E Atlanta Ave, Phoenix, AZ 85040 since 07 December 2012 and is currently estimated at $397,742, approximately $250 per square foot. This property was built in 1985. 2840 E Atlanta Ave 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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