NOT LISTED FOR SALE

301 E Verde Ln Phoenix, AZ 85012

Midtown Phoenix Neighborhood

Estimated Value: $530,000 - $693,888

4 Beds
2 Baths
1,363 Sq Ft
$469/Sq Ft Est. Value

Last Sold January 05, 2023

Last sale price $420,000 $308 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,755/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2023

AMAZING OPPORTUNITY to own a 2 unit property in North Central Phoenix! Two separately metered buildings; front house is a 3 bedroom 2 bath. Back house is a 1 bedroom 1 bath. covered parking in front. LIVE IN ONE HOUSE & RENT THE OTHER! or Cash Flow both! Needs a little TLC.. GREAT street parking and frontage on 3rd St. FANTASTIC URBAN LOCATION! NO HOA! Walking distance to everything! Near downtown, light rail, world class entertainment, restaurants, night life.

Last Agent to Sell the Property

Sean O'Carroll

Citiea License #BR041358000 Listed on: 12/13/2022

Citiea

Last Buyer's Agent

Sarah Hall

Real Broker License #SA686763000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,464

Year Built

  • Built in 1945

Lot Details

  • 7,275

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport
  • Paved Parking
  • On-Street Parking

Schools

  • Asu Preparatory Academy - Phoenix High Elementary School
  • Asu Preparatory Academy - Phoenix Middle School
  • Asu Preparatory Academy - Phoenix High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 23 / 2
  • Assessor Parcel Number 118-21-085

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 7283
  • Mayfair Subdivision

Building Details

  • Operating Expense $3,464
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,464

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 3rd St and Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2022
  • Directions: North on 3rd St to Verde Ln property is on the Southeast corner
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: MAYFAIR
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: None
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: ASU Preparatory Academy - Phoenix High School
  • High School: ASU Preparatory Academy - Phoenix High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: ASU Preparatory Academy - Phoenix Middle School

Lot Info

  • Lot Size: 7283
  • Additional Parcels: No
  • Parcel #: 118-21-085

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Property Net Operating Income: 15600.0
  • Annual Operating Expense: 3464.0

Tax Info

  • Tax Annual Amount: 3464.0
  • Tax Block: 2
  • Tax Book Number: 118.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Feb 17, 2023
Sold by
Argueta Pedro and Argueta Maria Lorena
Bought by
Aventura Investments Llc
Seller's Agent
Sean O'Carroll
Citiea
Buyer's Agent
Sarah Hall
Real Broker
List Price
$395,000
Sold Price
$420,000
Premium/Discount to List
$25,000
6.33%
Views
21
Current Estimated Value
$633,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,926
Avg. Annual Appreciation
15.92%

Purchase Details

Listed on
Dec 13, 2022
Closed on
Jan 5, 2023
Sold by
Sharons Love I Llc
Bought by
Argueta Pedro and Argueta Maria Lorena
Seller's Agent
Sean O'Carroll
Citiea
Buyer's Agent
Sarah Hall
Real Broker
List Price
$395,000
Sold Price
$420,000
Premium/Discount to List
$25,000
6.33%
Views
21

Purchase Details

Closed on
May 7, 2009
Sold by
Chylack John and Chylack Kim
Bought by
Sharons Love I Llc

Purchase Details

Closed on
Jan 7, 2003
Sold by
Chylack John P
Bought by
Chylack John P and Cho Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.96%

Purchase Details

Closed on
Jan 26, 2001
Sold by
Cho Kim Cho and Cho Sun
Bought by
Chylack John and Cho Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
7.13%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Erickson Leroy B and Erickson Pamala K
Bought by
Chylack John and Cho Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
7.13%

Purchase Details

Closed on
Mar 3, 1995
Sold by
Vanvalkenburgh Matthew M and Kessler Mary Ellen
Bought by
Vanvalkenburgh John T and Vanvalkenburgh Joyce K
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aventura Investments Llc -- --
Argueta Pedro $420,000 Navi Title
Sharons Love I Llc -- None Available
Chylack John P -- Security Title Agency
Chylack John -- Capital Title Agency
Chylack John $110,000 Capital Title Agency
Vanvalkenburgh John T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chylack John P $78,750
Previous Owner Chylack John $82,000
Previous Owner Chylack John $102,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2023 01/05/23 Sold $420,000 +6.3% $308 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $395,000 -- $290 / 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 $3,606 $28,733 -- --
2024 $3,483 $27,364 -- --
2023 $3,483 $51,110 $10,220 $40,890
2022 $3,464 $46,730 $9,340 $37,390
2021 $3,523 $39,600 $7,920 $31,680
2020 $3,434 $35,250 $7,050 $28,200
2019 $3,285 $31,320 $6,260 $25,060
2018 $3,176 $30,300 $6,060 $24,240
2017 $2,916 $25,930 $5,180 $20,750
2016 $2,041 $22,660 $4,530 $18,130
2015 $1,897 $20,580 $4,110 $16,470
Source: Public Records

Agents Affiliated with this Home

  • Sean O'Carroll

    Seller's Agent in 2023

    Sean O'Carroll

    Citiea

    (602) 370-0321

    1 in this area

    244 Total Sales

    Section Image
  • Sarah Hall

    Buyer's Agent in 2023

    Sarah Hall

    Real Broker

    (480) 645-2022

    1 in this area

    28 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Sarah Jefferson

    eXp Realty

  • T

    Buyer Co-Listing Agent in 2023

    Terri Witte

    Real Broker

    (888) 897-7821

    1 in this area

    141 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6497859

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-21-085

Arizona Maricopa County Phoenix 85012 Midtown Phoenix

301 E Verde Ln, Phoenix, AZ

This home is located at 301 E Verde Ln, Phoenix, AZ 85012 since 13 December 2022 and is currently estimated at $639,722, approximately $469 per square foot. This property was built in 1945. 301 E Verde Ln is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Phoenix Coding 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

Nearby Homes