$585,000
SOLD MAY 12, 2025
-- Bed
-- Bath
2,816 Sq Ft
7,231 Sq Ft Lot

Recently Sold

$208 Per Sq Ft

9% Below List Price

105 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2025

Want to do a House Hack? Check out this 4-Plex. Each private residence has two bedrooms and one bath all on a single level. Upon entering through the gated entrance you will see well-appointed private entrances. The floor plans are open-concept and spacious with an abundance of storage. Professionally maintained and managed, the exterior was recently painted. The community has a nice private patio area for enjoying the Phoenix climate. The location is surrounded by redevelopment and growth, with a large age-restricted community being built one block away. Contact Listing Broker for lucrative financing options as an Owner Occupant doing a House Hack! See attached Rent and Property Details in Documents!

Last Agent to Sell the Property

Roberta Candelaria

Phoenix Urban Spaces License #BR561500000 Listed on: 12/26/2024

Last Buyer's Agent

Juan Olivas

American Freedom Realty License #SA701550000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking

Schools

  • Wilson Elementary Middle School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 19 / 4
  • Assessor Parcel Number 121-65-082

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7250
  • El Molino Place Subdivision

Building Details

  • Operating Expense $6,472
  • Gross Income $41,100
  • Net Operating Income $33,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,047

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Van Buren and 24th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: UNKNOWN
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: EL MOLINO PLACE
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4185.0

Schools

  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Wilson Elementary School

Lot Info

  • Lot Size: 7250
  • Additional Parcels: No
  • Parcel #: 121-65-082

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 41100.0
  • Insurance Expense: 1240.0
  • Property Net Operating Income: 33864.0
  • Annual Operating Expense: 6472.0

Tax Info

  • Tax Annual Amount: 1047.0
  • Tax Block: 4
  • Tax Book Number: 121.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2024
Closed on
May 5, 2025
Sold by
Mandalia Shelina and Adams Joyce
Bought by
Arambula Quezada Sandra G
Seller's Agent
Roberta Candelaria
Phoenix Urban Spaces
Buyer's Agent
Juan Olivas
American Freedom Realty
List Price
$639,900
Sold Price
$585,000
Premium/Discount to List
-$54,900
-8.58%
Views
59
Current Estimated Value
$592,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,151
Avg. Annual Appreciation
1.98%
Original Mortgage
$438,750
Outstanding Balance
$436,008
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$156,143

Purchase Details

Closed on
Nov 15, 2021
Sold by
Mandalia Shelina
Bought by
Mandalia Shelina and Adams Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
2.99%

Purchase Details

Closed on
Nov 11, 2021
Sold by
Adams Shannon and Adams Joyce
Bought by
Adams Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
2.99%

Purchase Details

Closed on
Jun 14, 2011
Sold by
2905 Monroe Street Limited Partnership
Bought by
Mandalia Shelina

Purchase Details

Closed on
Nov 5, 2004
Sold by
Rogers Kelly W and Rogers Debbie A
Bought by
2905 Monroe Steet Lp
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 Type Sale Price Title Company
Warranty Deed $585,000 Driggs Title Agency
Interfamily Deed Transfer -- Old Republic Title Agency
Interfamily Deed Transfer -- Old Republic Title Agency
Quit Claim Deed -- Old Republic Title
Cash Sale Deed $58,000 Clear Title Agency Of Arizon
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $438,750 New Conventional
Previous Owner $247,000 No Value Available
Previous Owner $247,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Sold $585,000 -0.8% $208 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $589,900 -4.8% $209 / Sq Ft
02/07/2025 02/07/25 Price Changed $619,900 -3.1% $220 / Sq Ft
12/26/2024 12/26/24 For Sale $639,900 -- $227 / 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 $1,120 $8,030 -- --
2024 $1,052 $7,648 -- --
2023 $1,052 $37,760 $7,550 $30,210
2022 $991 $26,660 $5,330 $21,330
2021 $1,006 $20,400 $4,080 $16,320
2020 $1,002 $17,280 $3,450 $13,830
2019 $997 $14,950 $2,990 $11,960
2018 $985 $12,050 $2,410 $9,640
2017 $916 $12,230 $2,440 $9,790
2016 $938 $9,600 $1,920 $7,680
2015 $871 $7,800 $1,560 $6,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6797645

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-65-082