NOT LISTED FOR SALE

3116 E Chipman Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $446,851 - $525,000

6 Beds
3 Baths
2,112 Sq Ft
$233/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $380,000 $180 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,807/month

8 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2021

ATTENTION INVESTORS OPPORTUNITY !!!
ROOF IN GOOD CONDITIONS , AC'S GOOD CONDITIONS.
TRIPLEX BUILDING OCCUPIED DRIVE BY ONLY
NO SHOWINGS UNTIL AFTHER ACCEPTED OFFER.
MONTH TO MONTH TENANTS.

Unit # 1 3 BD 1 Bath $900

Unit # 2 2BD 1 Bath $700

Unit # 3. 1BD 1 Bath $600

Last Agent to Sell the Property

Ecxangari Espinoza

Pak Home Realty License #SA660969000 Listed on: 06/25/2021

Pak Home Realty

Co-Listed By

Daniel Barraza

My Home Group Real Estate License #SA639785000

Last Buyer's Agent

DeAnna Nelson

The Property Boutique License #BR582947000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $725

Year Built

  • Built in 1985

Lot Details

  • 7,405

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 26
  • Assessor Parcel Number 122-60-020-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7629
  • Wier Estates Lots 159 168 Subdivision

Building Details

  • Operating Expense $725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$725

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: BRODWAY & 32ND ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2020
  • Directions: South on 32nd St, West on Chipman Rd to property. NOT DISTURB TENANTS.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg16
  • Co List Office Phone: 602-525-3579
  • Subdivision Name: WIER ESTATES LOTS 159-168
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: 7629
  • Additional Parcels: No
  • Parcel #: 122-60-020-A

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 3
  • Annual Operating Expense: 725.0

Tax Info

  • Tax Annual Amount: 725.0
  • Tax Book Number: 122.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 20, 2021
Sold by
Hernandez Dora S and S H Inter Vivos Trust
Bought by
Martinez Rosa
Seller's Agent
Ecxangari Espinoza
Pak Home Realty
Buyer's Agent
DeAnna Nelson
The Property Boutique
List Price
$380,000
Sold Price
$380,000
Current Estimated Value
$492,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,713
Avg. Annual Appreciation
7.25%
Original Mortgage
$285,000
Outstanding Balance
$262,038
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$237,264

Purchase Details

Closed on
Jan 26, 2013
Sold by
Vargas Ernesto
Bought by
S H Inter Vivos Trust

Purchase Details

Closed on
Nov 12, 2010
Sold by
Hernandez Dora S
Bought by
Vargas Ernesto

Purchase Details

Closed on
Aug 3, 2010
Sold by
Martinez Michael
Bought by
Hernandez Dora S

Purchase Details

Closed on
Apr 10, 2010
Sold by
Hernandez Dora S
Bought by
Martinez Michael and The Robin Bowman Leslie Bowman Matt Conn

Purchase Details

Closed on
Oct 3, 2006
Sold by
Melero Jose and Melero Teresa
Bought by
Hernandez Dora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2005
Sold by
Lone Wolf Investments Llc
Bought by
Melero Jose and Melero Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2004
Sold by
Madanick Barbara
Bought by
Lone Wolf Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2004
Sold by
Gordon Properties Llc 1
Bought by
Madanick Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2002
Sold by
Joksimovich Gordon
Bought by
Gordon Properties Llc 1

Purchase Details

Closed on
Feb 28, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Purchase Details

Closed on
Aug 1, 1995
Sold by
Mortgage Service America Co
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
7.71%

Purchase Details

Closed on
Jan 4, 1995
Sold by
First California Mtg Co
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

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Range of Values:

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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
Martinez Rosa $380,000 Security Title Agency
S H Inter Vivos Trust -- None Available
Vargas Ernesto $27,500 Great American Title Agency
Hernandez Dora S -- None Available
Martinez Michael -- None Available
Hernandez Dora S $204,000 First Southwestern Title Age
Melero Jose $156,000 Lawyers Title Ins
Lone Wolf Investments Llc -- --
Madanick Barbara $133,000 First Financial Title Agency
Gordon Properties Llc 1 -- --
Joksimovich Gordon $37,500 Security Title Agency
Austin Funding Inc $17,500 Lawyers Title Of Arizona Inc
Federal Home Loan Mortgage Corporation -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Rosa $285,000
Previous Owner Hernandez Dora S $90,000
Previous Owner Hernandez Dora S $20,400
Previous Owner Hernandez Dora S $163,200
Previous Owner Melero Jose $124,800
Previous Owner Madanick Barbara $119,700
Previous Owner Austin Funding Inc $16,000
Closed Melero Jose $31,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $380,000 0.0% $180 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $380,000 -- $180 / 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 $755 $5,144 -- --
2024 $734 $4,899 -- --
2023 $734 $30,600 $6,120 $24,480
2022 $719 $21,470 $4,290 $17,180
2021 $734 $17,680 $3,530 $14,150
2020 $725 $14,360 $2,870 $11,490
2019 $702 $14,180 $2,830 $11,350
2018 $683 $10,420 $2,080 $8,340
2017 $651 $7,620 $1,520 $6,100
2016 $619 $6,480 $1,290 $5,190
2015 $583 $5,500 $1,100 $4,400
Source: Public Records

Agents Affiliated with this Home

  • Ecxangari Espinoza

    Seller's Agent in 2021

    Ecxangari Espinoza

    Pak Home Realty

    (480) 559-2547

    3 in this area

    76 Total Sales

    Ecxangari Espinoza
    Section Image
  • Daniel Barraza

    Seller Co-Listing Agent in 2021

    Daniel Barraza

    My Home Group Real Estate

    (623) 340-3957

    8 in this area

    376 Total Sales

    Daniel Barraza
    Section Image
  • DeAnna Nelson

    Buyer's Agent in 2021

    DeAnna Nelson

    The Property Boutique

    (602) 793-2923

    3 in this area

    45 Total Sales

    DeAnna Nelson
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6255750

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-60-020A

Arizona Maricopa County Phoenix 85040 South Mountain

3116 E Chipman Rd, Phoenix, AZ

This home is located at 3116 E Chipman Rd, Phoenix, AZ 85040 since 25 June 2021 and is currently estimated at $492,713, approximately $233 per square foot. This property was built in 1985. 3116 E Chipman Rd is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High 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

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