NOT LISTED FOR SALE

2980 W Foothill Dr Phoenix, AZ 85027

North Deer Valley Neighborhood
23 Beds
-- Bath
1,490 Sq Ft
1951 Built

Last Sold August 08, 2014

Last sale price $855,000 $574 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System

About This Home

As of August 2014

PROPERTY 100% OCCUPIED-DO NOT DISTURB TENANTS- SHOWINGS BY APPT Superior northwest Phoenix location, just west of I-17 and north of Highway 101. OCGreat mix of one and two-bedroom units in this private garden-style setting. Buildings are single-level frame & stucco, or block & stucco with pitched roofs and are individually metered for electricity. Recent capital improvements include the installation of all new roofs, soffits and complete exterior repaint. All windows upgraded to energy efficient double-pane. Many units upgraded with tile, new fixtures and appliances. Tenants enjoy private and semi-private fenced side and rear yards and an on-site laundry facility. Property stays fully occupied in this sub-market with scarcity of competing apartment rentals in the area (upside in ren

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 03/25/2014

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,350

Year Built

  • Built in 1951

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 26 Open Parking Spaces
  • 26 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 206-04-028-C

Community Details

Overview

  • 9 Buildings
  • 16 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $41,104
  • Gross Income $111,166
  • Net Operating Income $61,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,350

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: 29th Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2013
  • Directions: i-17 to Deer Valley Road, west to 31st Avenue, north on 31st Avenue 3 blocks to Foothill Drive, east to property on north.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2876.87
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 26.0
  • Total Parking Spaces: 26.0
  • General Property Description:Uncvrd Parking Spcs: 26.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 932.0
  • Annual Water Sewer Expense: 5114.87

Schools

  • Junior High Dist: Deer Valley Unified District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 206-04-028-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 16
  • Electric Expense: 1572.76
  • Annual Gross Income: 111165.65
  • Insurance Expense: 2300.46
  • Maintenance Expense: 18306.37
  • Property Net Operating Income: 61861.16
  • Annual Operating Expense: 41103.73
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4349.86
  • Tax Book Number: 206.00
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2014 08/08/14 Sold $855,000 -14.1% $574 / Sq Ft
06/03/2014 06/03/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $995,000 -- $668 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Scott Trevey

    REI Marketing

  • Rick Horst

    Buyer's Agent in 2014

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    37 Total Sales

    Rick Horst
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5091662

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85027 North Deer Valley

2980 W Foothill Dr, Phoenix, AZ

This home is located at 2980 W Foothill Dr, Phoenix, AZ 85027 since 25 March 2014. This property was built in 1951. 2980 W Foothill Dr is a home located in Maricopa County with nearby schools including Paseo Hills Elementary School, Barry Goldwater High School, and Reid Traditional Schools - Valley Academy.

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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