NOT LISTED FOR SALE

2961 E Wier Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $496,773 - $534,000

6 Beds
-- Bath
2,470 Sq Ft
$209/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $510,000 $206 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,797/month

21 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2022

Amazing Investment Opportunity!!! 2 Charming 3 bed 1 bath properties already rented out until November and December 2022!!
Newer construction from just 2007 and several updates made to refresh and update the interior make of this property the perfect investment. The Space in each unit is perfect for any tenant needs.

Last Agent to Sell the Property

Andrea Castaneda

HomeSmart License #SA659422000 Listed on: 03/08/2022

HomeSmart

Last Buyer's Agent

Katherine Katz

West USA Realty License #BR664267000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $984

Year Built

  • Built in 2007

Lot Details

  • 7,884

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 122-60-005-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7891 SQFT
  • Wier Estates Lots 159 168 Subdivision

Building Details

  • Operating Expense $4,732
  • Gross Income $17,724
  • Net Operating Income $15,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$984

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Broadway and 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: WIER ESTATES LOTS 159-168
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7891 SQFT
  • Additional Parcels: No
  • Parcel #: 122-60-005-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 17724.0
  • Insurance Expense: 1548.0
  • Property Net Operating Income: 15524.0
  • Annual Operating Expense: 4732.0

Tax Info

  • Tax Annual Amount: 984.0
  • Tax Book Number: 122.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2025
Sold by
Jarrett Bradley Aaron and Charity Ann
Bought by
Jarrett Homes Llc
Current Estimated Value
$516,943

Purchase Details

Listed on
Mar 8, 2022
Closed on
May 3, 2022
Sold by
Pure Light Investments Llc
Bought by
Jarrett Bradley Aaron and Jarrett Charity Ann
Seller's Agent
Andrea Castaneda
HomeSmart
Buyer's Agent
Katherine Katz
West USA Realty
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$382,125
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 7, 2022
Sold by
Omar Albayati
Bought by
Pure Light Investments Llc
Seller's Agent
Andrea Castaneda
HomeSmart
Buyer's Agent
Katherine Katz
West USA Realty
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,125
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 7, 2021
Sold by
Hazeltine Joseph and Hazeltine Danielle
Bought by
Albayati Omar
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Nora Anaya
A.Z. & Associates
List Price
$375,000
Sold Price
$400,000
Premium/Discount to List
$25,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.92%
Original Mortgage
$320,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Hazeltine David G and Hazeltine Cynthia S
Bought by
Hazeltine Joseph and Hazeltine Danielle

Purchase Details

Closed on
Feb 9, 2012
Sold by
Stearns Bank Na
Bought by
Hazeltine David G and Hazeltine Cynthia S

Purchase Details

Closed on
Jul 7, 2011
Sold by
Rebl Holdings Llc
Bought by
Stearns Bank Na

Purchase Details

Closed on
Mar 6, 2007
Sold by
Carrera Alberto I and Carrera Alejandrina
Bought by
Rebl Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.23%
Mortgage Type
Construction
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
Jarrett Homes Llc -- Accommodation/Courtesy Recordi
Jarrett Bradley Aaron $509,500 Premier Title
Pure Light Investments Llc $510,000 Premier Title
Albayati Omar $400,000 Pioneer Title Agency Inc
Hazeltine Joseph $111,000 New Land Title Agency
Hazeltine David G $55,000 Fidelity Natl Title Agency I
Stearns Bank Na -- None Available
Rebl Holdings Llc -- The Talon Group Tramonto
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jarrett Bradley Aaron $382,125
Previous Owner Pure Light Investments Llc $410,000
Previous Owner Albayati Omar $320,000
Previous Owner Rebl Holdings Llc $209,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2022 04/11/22 Sold $510,000 +7.4% $206 / Sq Ft
03/08/2022 03/08/22 For Sale $475,000 +18.8% $192 / Sq Ft
09/02/2021 09/02/21 Sold $400,000 +6.7% $162 / Sq Ft View Prior Sale
07/30/2021 07/30/21 For Sale $375,000 -- $152 / 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 $1,052 $6,978 -- --
2024 $996 $6,646 -- --
2023 $996 $35,880 $7,170 $28,710
2022 $976 $24,620 $4,920 $19,700
2021 $996 $19,970 $3,990 $15,980
2020 $984 $16,450 $3,290 $13,160
2019 $952 $16,570 $3,310 $13,260
2018 $926 $13,750 $2,750 $11,000
2017 $883 $8,910 $1,780 $7,130
2016 $839 $7,610 $1,520 $6,090
2015 $790 $6,630 $1,320 $5,310
Source: Public Records

Agents Affiliated with this Home

  • Andrea Castaneda

    Seller's Agent in 2022

    Andrea Castaneda

    HomeSmart

    (480) 338-3991

    1 in this area

    66 Total Sales

    Andrea Castaneda
    Section Image
  • Katherine Katz

    Buyer's Agent in 2022

    Katherine Katz

    West USA Realty

    (480) 282-1615

    2 in this area

    102 Total Sales

    Katherine Katz
    Section Image
  • Patrick O'Sullivan

    Seller's Agent in 2021

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    1 in this area

    29 Total Sales

    Patrick O'Sullivan
    Section Image
  • Nora Anaya

    Buyer's Agent in 2021

    Nora Anaya

    A.Z. & Associates Real Estate Group

    2 in this area

    10 Total Sales

    Nora Anaya
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6373286

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-60-005A

Arizona Maricopa County Phoenix 85040 South Mountain

2961 E Wier 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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