NOT LISTED FOR SALE

3021 E Waltann Ln Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $357,797 - $560,000

-- Bed
-- Bath
2,520 Sq Ft
$191/Sq Ft Est. Value

Last Sold July 09, 2013

Last sale price $139,000 $55 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $2,744/month

16 Days on Market

Highlights

  • Multiple cooling system units
  • Paradise Valley High School Rated A
  • Ceiling Fan

About This Home

As of July 2013

All large 2 bed 840 sq ft units! Clean block constructed triplex in North Phoenix in very desirable Paradise School District! All units remodeled with many updates including dual pane windows and dual pane arcadia sliding doors, tile flooring, paint, kitchens, ceiling fans and appliances, Two new A/C's and all new H2O heaters. All units 100% occupied at $550 per month with long term tenants an annual gross income of $19,800 and NO HOA! This is a turnkey investment with no deferred maintenance. Tenant occupied please do not disturb tenants

Last Agent to Sell the Property

Joseph Cohan

IRS/International Realty Services, Inc. License #BR104965000 Listed on: 05/16/2013

Last Buyer's Agent

Marla Wicks

DeLex Realty License #SA537509000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $677

Year Built

  • Built in 1983

Lot Details

  • 8,843

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Palomino Primary Elementary School
  • Palomino Intermediate School
  • Paradise Valley High School

Utilities

  • Multiple cooling system units
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Tax Lot 28
  • Assessor Parcel Number 214-37-040-C

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8822

Building Details

  • Operating Expense $4,754
  • Gross Income $18,810
  • Net Operating Income $16,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$677

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: GREENWAY & 30TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2012
  • Directions: NORTH ON 30TH TO WALTANN WEST TO THE PROPERTY
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Water Source: City Franchise, Master Meter

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Middle Or Junior School: Palomino Intermediate School

Lot Info

  • Lot Size: 8822
  • Additional Parcels: No
  • Parcel #: 214-37-040-C

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 18810.0
  • Insurance Expense: 677.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 16023.0
  • Annual Operating Expense: 4754.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 677.0
  • Tax Book Number: 214.00
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2013
Closed on
Jun 27, 2013
Sold by
Cohan Joseph W and Cohan Jacqueline G
Bought by
Zhu Haixiang and Diao Li
Seller's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$145,000
Sold Price
$139,000
Premium/Discount to List
-$6,000
-4.14%
Current Estimated Value
$481,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,199
Avg. Annual Appreciation
10.81%
Original Mortgage
$90,750
Outstanding Balance
$66,080
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$414,508

Purchase Details

Closed on
Jan 5, 2010
Sold by
Us Bank National Association
Bought by
Cohan Joseph W and Cohan Jacqueline G

Purchase Details

Closed on
Oct 30, 2009
Sold by
Lusk Jonathan
Bought by
Us Bank National Association

Purchase Details

Closed on
Apr 5, 2006
Sold by
Johnson Kelly
Bought by
Lusk Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
10.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2005
Sold by
Guzman Reineiro
Bought by
Johnson Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,750
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Zhu Haixiang $149,000 Chicago Title Agency Inc
Cohan Joseph W $53,350 First American Title Ins Co
Us Bank National Association $239,026 Accommodation
Lusk Jonathan $237,000 Old Republic Title Agency
Johnson Kelly $195,000 Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Haixiang $90,750
Previous Owner Lusk Jonathan $237,000
Previous Owner Johnson Kelly $126,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2013 07/09/13 Sold $139,000 -4.1% $55 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $145,000 -- $58 / 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 $1,039 $10,437 -- --
2024 $1,017 $9,940 -- --
2023 $1,017 $31,920 $6,380 $25,540
2022 $1,007 $22,700 $4,540 $18,160
2021 $1,010 $21,110 $4,220 $16,890
2020 $979 $18,920 $3,780 $15,140
2019 $980 $15,450 $3,090 $12,360
2018 $948 $14,820 $2,960 $11,860
2017 $908 $12,280 $2,450 $9,830
2016 $893 $11,000 $2,200 $8,800
2015 $827 $9,380 $1,870 $7,510
Source: Public Records

Agents Affiliated with this Home

  • Joseph Cohan

    Seller's Agent in 2013

    Joseph Cohan

    IRS/International Realty Services, Inc.

    1 in this area

    7 Total Sales

    Section Image

  • M

    Buyer's Agent in 2013

    Marla Wicks

    DeLex Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4937245

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-37-040C

Arizona Maricopa County Phoenix 85032 Paradise Valley

3021 E Waltann Ln, Phoenix, AZ

This home is located at 3021 E Waltann Ln, Phoenix, AZ 85032 since 16 May 2013 and is currently estimated at $481,199, approximately $190 per square foot. This property was built in 1983. 3021 E Waltann Ln is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

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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