Seller's Agent in 2024
Claire Ackerman
Compass
(480) 272-0958
5 in this area
235 Total Sales
2903 E Atlanta Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $441,000 - $562,000
--
Bed
--
Bath
2,211
Sq Ft
$236/Sq Ft
Est. Value
Highlights
- Central Air
- Ceiling Fan
- Heat Pump System
- Phoenix Coding Academy Rated A
- Vinyl Flooring
About This Home
As of June 2024DRIVE BY ONLY - Do not disturb the tenants. Here is your opportunity to own an excellent stabilized tri-plex in Wier Estates. All units are 2 bed/1 bath. This triplex is a rare find with great income potential. 2 of the 3 units have been renovated. Unit 1 & 2 have long term tenants in place for 20 years, you can ''update'' the last unit & creating an opportunity for potential additional income. Each unit has its own electric meter, tenants pay their own APS bills. Landlord pays for water/sewer & trash, which is one meter for the building. Be the proud owner of this multi-dwelling in a high demand area. Buyer to verify all facts and figures. Drive by only to take a look.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $708
Year Built
- Built in 1984
Lot Details
- 7,275
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Free Parking
- Paved Parking
- On-Street Parking
- Assigned Parking
Schools
- Roosevelt Elementary School
- South Mountain High School
Utilities
- Central Air
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 134
- Assessor Parcel Number 122-61-095-A
Community Details
Overview
- 3 Units
- Building Dimensions are 7269
- Wier Estates Subdivision
Building Details
- Operating Expense $9,405
- Gross Income $49,200
- Net Operating Income $40,503
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2024
Closed on
Jun 26, 2024
Sold by
Singhal Tripti and Bamishaye Emmanuel
Bought by
Gallegos Gustavo Contreras
Seller's Agent
Claire Ackerman
Compass
Buyer's Agent
Jay Martinez
Luxe Real Estate Group
List Price
$560,000
Sold Price
$557,000
Premium/Discount to List
-$3,000
-0.54%
Views
5
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
-$34,152
Avg. Annual Appreciation
-4.13%
Original Mortgage
$278,500
Outstanding Balance
$275,193
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$247,655
Purchase Details
Listed on
Sep 23, 2022
Closed on
Nov 7, 2022
Sold by
Martinez Juan Jose
Bought by
Singhal Tripti and Bamishaye Emmanuel
Seller's Agent
Juan Ayala
A.Z. & Associates
Buyer's Agent
Michelle Minik
Realty of America LLC
List Price
$564,999
Sold Price
$530,000
Premium/Discount to List
-$34,999
-6.19%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$397,500
Interest Rate
6.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2021
Sold by
Chavez Juan Oarellano and Oarellano Juan
Bought by
Martinez Juan Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 12, 2021
Sold by
Laforest Gary T and Laforest Jodee
Bought by
Oarellano Juan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 10, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Pecha Joseph C and Pecha Catherine A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gallegos Gustavo Contreras | $557,000 | 100 Title Agency Llc | |
| Singhal Tripti | $530,000 | Fidelity National Title | |
| Martinez Juan Jose | $399,000 | Driggs Title Agency Inc | |
| Oarellano Juan | $312,000 | Security Title Agency Inc | |
| Pecha Joseph C | $13,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gallegos Gustavo Contreras | $278,500 | |
| Previous Owner | Singhal Tripti | $397,500 | |
| Previous Owner | Martinez Juan Jose | $350,000 | |
| Previous Owner | Oarellano Juan | $281,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $557,000 | -0.5% | $252 / Sq Ft | |
| 06/02/2024 06/02/24 | Pending | -- | -- | -- | |
| 05/30/2024 05/30/24 | For Sale | $560,000 | +5.7% | $253 / Sq Ft | |
| 11/07/2022 11/07/22 | Sold | $530,000 | -6.2% | $240 / Sq Ft | View Prior Sale |
| 11/02/2022 11/02/22 | Price Changed | $564,999 | 0.0% | $256 / Sq Ft | |
| 10/09/2022 10/09/22 | Pending | -- | -- | -- | |
| 10/08/2022 10/08/22 | Pending | -- | -- | -- | |
| 09/23/2022 09/23/22 | For Sale | $564,999 | -- | $256 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $748 | $4,964 | -- | -- |
| 2024 | $708 | $4,728 | -- | -- |
| 2023 | $708 | $31,320 | $6,260 | $25,060 |
| 2022 | $694 | $22,000 | $4,400 | $17,600 |
| 2021 | $708 | $18,060 | $3,610 | $14,450 |
| 2020 | $700 | $14,650 | $2,930 | $11,720 |
| 2019 | $677 | $14,480 | $2,890 | $11,590 |
| 2018 | $659 | $11,830 | $2,360 | $9,470 |
| 2017 | $628 | $7,830 | $1,560 | $6,270 |
| 2016 | $597 | $6,660 | $1,330 | $5,330 |
| 2015 | $562 | $5,480 | $1,090 | $4,390 |
Source: Public Records
Agents Affiliated with this Home
-
Claire Ackerman
-
Jay Martinez
Buyer's Agent in 2024
Jay Martinez
Luxe Real Estate Group
(602) 369-7450
2 in this area
55 Total Sales
-
Juan Ayala
Seller's Agent in 2022
Juan Ayala
A.Z. & Associates Real Estate Group
(602) 553-4400
4 in this area
86 Total Sales
-
Michelle Minik
Buyer's Agent in 2022
Michelle Minik
Realty of America LLC
(623) 777-5810
5 in this area
266 Total Sales
-
James Rumpf
Buyer Co-Listing Agent in 2022
James Rumpf
West USA Realty
(623) 707-5930
1 in this area
25 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6711891
APN: 122-61-095A
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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