NOT LISTED FOR SALE

2957 E Atlanta Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $490,544 - $542,000

-- Bed
-- Bath
2,112 Sq Ft
$249/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $485,000 $230 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,821/month

34 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating unit installed on the ceiling
  • Phoenix Coding Academy Rated A

About This Home

As of September 2023

A great multifamily property. Priced to sell. All units are occupied. All units are 2 bedrooms, 1 bath, nice size units, 724 sf each.

Last Agent to Sell the Property

Jared English

Congress Realty, Inc. Brokerage Phone: 888-881-4118 License #BR569813000 Listed on: 06/27/2023

Last Buyer's Agent

Barbara Hoffman

DeLex Realty License #SA044665000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $719

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

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

Schools

  • Roosevelt Elementary School

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 140
  • Assessor Parcel Number 122-60-088-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are Wier Estates
  • Wier Estates Lots 11 32, 53 74 Subdivision

Building Details

  • Operating Expense $10,528
  • Gross Income $39,480
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$719

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: E Southern Ave and E Broadway Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Road Surface Type: Concrete
  • Professional Management Expense: 1764.0
  • Subdivision Name: WIER ESTATES LOTS 11-32, 53-74
  • Tax Parcel Letter: B
  • 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: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, 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: City Electric
  • Cooling: Central Air
  • Heating: Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1085.0
  • Annual Water Sewer Expense: 6000.0

Schools

  • Elementary School: Roosevelt Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Wier Estates
  • Additional Parcels: No
  • Parcel #: 122-60-088-B

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 39480.0
  • Property Net Operating Income: 27000.0
  • Annual Operating Expense: 10528.0

Tax Info

  • Tax Annual Amount: 719.0
  • Tax Book Number: 122.00
  • Tax Lot: 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Sep 6, 2023
Sold by
Stardom Portfolio 1 Llc
Bought by
Lge Oluwadamilola J and Jekel Elizabeth
Seller's Agent
Jared English
Congress Realty, Inc.
Buyer's Agent
Barbara Hoffman
DeLex Realty
List Price
$529,000
Sold Price
$485,000
Premium/Discount to List
-$44,000
-8.32%
Views
14
Current Estimated Value
$526,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,136
Avg. Annual Appreciation
3.57%
Original Mortgage
$476,215
Outstanding Balance
$466,115
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$60,021

Purchase Details

Closed on
Aug 1, 2015
Sold by
Stardom Portfolio Llc
Bought by
Stardom Portfolio 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,500,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2012
Sold by
Rivera Juan Carlos and Rivera Araceli
Bought by
Stardom Homes Llc

Purchase Details

Closed on
Apr 18, 2006
Sold by
Valadez Jaime and Valadez Guillermina
Bought by
Rivera Juan Carlos and Rivera Araceli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2006
Sold by
Estrada Luz Maria
Bought by
Valadez Jaime and Valadez Guillermina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,900
Interest Rate
6.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 8, 2004
Sold by
Cordova Jose A
Bought by
Estrada Luz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2004
Sold by
Arreola Ramon
Bought by
Cordova Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 1996
Sold by
Arreola Raul R and Arreola Ramona
Bought by
Arreola Ramon

Purchase Details

Closed on
Jul 3, 1995
Sold by
Stanchart Mtg Company
Bought by
Arreola Raul R and Arreola Ramona

Purchase Details

Closed on
Mar 9, 1995
Sold by
Federal National Mortgage Association
Bought by
Stanchart Mtg Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lge Oluwadamilola J $485,000 Great American Title Agency
Stardom Portfolio 1 Llc -- None Available
Stardom Portfolio Llc -- None Available
Jankov Ronald -- None Available
Stardom Homes Llc $46,000 None Available
Rivera Juan Carlos $205,000 Lawyers Title Insurance Corp
Valadez Jaime $169,900 North American Title Co
Estrada Luz Maria -- --
Cordova Jose A $122,000 Grand Canyon Title Agency In
Arreola Ramon -- Fiesta Title & Escrow Agency
Arreola Raul R $20,000 Lawyers Title Of Arizona Inc
Stanchart Mtg Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lge Oluwadamilola J $476,215
Previous Owner Stardom Portfolio 1 Llc $9,500,000
Previous Owner Rivera Juan Carlos $153,750
Previous Owner Valadez Jaime $49,900
Previous Owner Cordova Jose A $115,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $485,000 -8.3% $230 / Sq Ft
08/26/2023 08/26/23 Price Changed $529,000 0.0% $250 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $529,000 -- $250 / 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 $775 $5,144 -- --
2024 $734 $4,899 -- --
2023 $734 $30,620 $6,120 $24,500
2022 $719 $21,500 $4,300 $17,200
2021 $734 $17,710 $3,540 $14,170
2020 $725 $14,370 $2,870 $11,500
2019 $702 $14,200 $2,840 $11,360
2018 $683 $10,420 $2,080 $8,340
2017 $651 $7,630 $1,520 $6,110
2016 $619 $6,480 $1,290 $5,190
2015 $583 $5,510 $1,100 $4,410
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jared English

    Congress Realty, Inc.

    (888) 881-4118

    16 in this area

    4,010 Total Sales

    Jared English
    Section Image
  • Barbara Hoffman

    Buyer's Agent in 2023

    Barbara Hoffman

    DeLex Realty

    (480) 543-9424

    2 in this area

    2 Total Sales

    Barbara Hoffman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6573656

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-60-088B

Arizona Maricopa County Phoenix 85040 South Mountain

2957 E Atlanta Ave, 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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