NOT LISTED FOR SALE

2860 E Roeser Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $332,988 - $444,000

-- Bed
-- Bath
1,584 Sq Ft
$245/Sq Ft Est. Value

Last Sold January 22, 2020

Last sale price $211,000 $133 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,053/month

3 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • ENERGY STAR Qualified Equipment

About This Home

As of January 2020

Great money maker. Property has room to add additional unit. Already confirmed with the city of Phoenix. Tenants have been in place for 5 and 9 years in each of the two units. Both are 2 bedroom and 1 bath. Both have newer A/C units. Tenants pay their own electricity. Please do not disturb the tenants. Drive by's are best until we get a accepted offer.

Last Agent to Sell the Property

Jason Button

HUNT Real Estate ERA License #BR631499000 Listed on: 12/09/2019

Last Buyer's Agent

Dan Moore

West USA Realty License #SA032628000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $607

Year Built

  • Built in 1984

Lot Details

  • 8,625

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Martin Luther King Early Childhood Center Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • ENERGY STAR Qualified Equipment

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 162
  • Assessor Parcel Number 122-61-102

Community Details

Overview

  • 2 Units
  • Building Dimensions are 67x 126' 72''
  • Wier Estates Lots 159 168 Subdivision

Building Details

  • Operating Expense $5,657
  • Net Operating Income $11,659

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$607

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 32nd Street and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Professional Management Expense: 1800.0
  • Subdivision Name: WIER ESTATES LOTS 159-168
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • 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:Paved Parking: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Individual, Heat Pump, Electric, Ceiling Fan(s), ENERGY STAR Qualified Equipment
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 480.0
  • Annual Water Sewer Expense: 1320.0

Schools

  • Elementary School: Martin Luther King Early Childhood Center
  • High School: South Mountain High School
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 67x 126' 72''
  • Additional Parcels: No
  • Parcel #: 122-61-102

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 650.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 11659.38
  • Annual Operating Expense: 5657.0

Tax Info

  • Tax Annual Amount: 607.0
  • Tax Book Number: 122.00
  • Tax Lot: 162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Dec 23, 2019
Sold by
Button Jan and Button Marti
Bought by
Fuller Dale J
Seller's Agent
Jason Button
HUNT Real Estate ERA
Buyer's Agent
Dan Moore
West USA Realty
List Price
$205,000
Sold Price
$211,000
Premium/Discount to List
$6,000
2.93%
Current Estimated Value
$381,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,295
Avg. Annual Appreciation
10.84%
Original Mortgage
$158,250
Outstanding Balance
$139,874
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$248,123

Purchase Details

Listed on
Jan 6, 2017
Closed on
May 22, 2017
Sold by
Villegas Petra Medina De and Butinski Priscilla
Bought by
Button Jan and Button Marti
Seller's Agent
Ruben Luna
eXp Realty
Buyer's Agent
Jason Button
Coldwell Banker Realty
List Price
$129,000
Sold Price
$134,000
Premium/Discount to List
$5,000
3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.54%
Original Mortgage
$100,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2010
Sold by
Villegas Petra M
Bought by
Devillegas Petra Medina and Villegas Priscilla

Purchase Details

Closed on
Sep 26, 2009
Sold by
Villegas Priscilla and Villegas Arthur
Bought by
Villegas Petra M

Purchase Details

Closed on
Oct 9, 2008
Sold by
Villegas Margarito
Bought by
Villegas Priscilla and Villegas Arthur
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
Fuller Dale J $211,000 Chicago Title Agency
Button Jan $134,000 Equity Title Agency Inc
Devillegas Petra Medina -- None Available
Villegas Petra M -- None Available
Villegas Priscilla -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuller Dale J $158,250
Previous Owner Button Jan $100,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2020 01/22/20 Sold $211,000 +2.9% $133 / Sq Ft
01/22/2020 01/22/20 For Sale $205,000 0.0% $129 / Sq Ft
01/22/2020 01/22/20 Price Changed $205,000 0.0% $129 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
12/09/2019 12/09/19 For Sale $205,000 +53.0% $129 / Sq Ft
05/24/2017 05/24/17 Sold $134,000 +4.3% $85 / Sq Ft View Prior Sale
04/12/2017 04/12/17 Pending -- -- --
03/22/2017 03/22/17 Price Changed $128,500 -0.4% $81 / Sq Ft
03/10/2017 03/10/17 For Sale $129,000 0.0% $81 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $129,000 -- $81 / 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 $671 $4,451 -- --
2024 $635 $4,239 -- --
2023 $635 $26,120 $5,220 $20,900
2022 $622 $18,130 $3,620 $14,510
2021 $635 $15,060 $3,010 $12,050
2020 $627 $12,120 $2,420 $9,700
2019 $607 $11,810 $2,360 $9,450
2018 $591 $8,770 $1,750 $7,020
2017 $563 $6,320 $1,260 $5,060
2016 $535 $5,320 $1,060 $4,260
2015 $504 $4,510 $900 $3,610
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jason Button

    Hunt Real Estate

  • D

    Buyer's Agent in 2020

    Dan Moore

    West USA Realty

    (602) 686-3156

    12 Total Sales

    Dan Moore
    Section Image
  • Ruben Luna

    Seller's Agent in 2017

    Ruben Luna

    eXp Realty

    (602) 726-4215

    97 in this area

    1,894 Total Sales

    Ruben Luna
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6012796

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-61-102

Arizona Maricopa County Phoenix 85040 South Mountain

2860 E Roeser Rd, 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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