3151 E Chipman Rd Phoenix, AZ 85040
South Mountain Neighborhood
--
Bed
--
Bath
2,989
Sq Ft
0.25
Acres
Highlights
- Cooling Available
- Ceiling Fan
- Heating Available
- Phoenix Coding Academy Rated A
- Vinyl Flooring
About This Home
As of May 2025This well-maintained 4-unit building offers an excellent opportunity for investors or owner-occupants. Each unit features 2 spacious bedrooms, 1 full bath, and comfortable living areas designed for easy, low-maintenance living. Located in a desirable neighborhood with convenient access to local amenities, shopping, and public transportation, this property offers consistent rental income potential.
Last Agent to Sell the Property
Gile Commercial Real Estate License #SA663217000 Listed on: 12/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,058
Year Built
- Built in 1984
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Schools
- Roosevelt Elementary School
- Rover Elementary Middle School
- South Mountain High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 62
- Assessor Parcel Number 122-60-043
Community Details
Overview
- 4 Units
- Building Dimensions are 10876
- Wier Estates Lots 159 168 Subdivision
Building Details
- Operating Expense $1,058
- Gross Income $29,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
May 14, 2025
Sold by
Adan Az Llc
Bought by
Lee Preston V
Seller's Agent
Luis Espinoza
Gile Commercial Real Estate
Buyer's Agent
Jeff Setlow
eXp Realty
List Price
$750,000
Sold Price
$695,000
Premium/Discount to List
-$55,000
-7.33%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,182
Avg. Annual Appreciation
1.71%
Original Mortgage
$521,250
Outstanding Balance
$517,601
Interest Rate
5.82%
Mortgage Type
New Conventional
Estimated Equity
$180,581
Purchase Details
Closed on
Aug 4, 2022
Sold by
Devaraj and Prathibha
Bought by
Adan Az Llc
Purchase Details
Listed on
Jun 15, 2021
Closed on
Jul 15, 2021
Sold by
Milosevic Vlasta and Milosevic Nada
Bought by
Devaraj Prathab and Madhanakumar Prathibha
Seller's Agent
Alex Eremija
ProSmart Realty
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2001
Sold by
Milosevic Vlasta
Bought by
Milosevic Vlasta and Milosevic Nada
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.24%
Purchase Details
Closed on
Jan 3, 1996
Sold by
Blomberg Darrell C
Bought by
Milosevic Vlasta
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $695,000 | Title Services Of The Valley | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $500,000 | Dhi Title Agency | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Cash Sale Deed | $41,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $521,250 | New Conventional | |
| Previous Owner | $375,000 | New Conventional | |
| Previous Owner | $70,500 | Unknown | |
| Previous Owner | $59,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Sold | $695,000 | 0.0% | $233 / Sq Ft |
| 04/08/2025 04/08/25 | Off Market | $695,000 | -- | -- |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 01/19/2025 01/19/25 | Price Changed | $725,000 | -3.3% | $243 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $750,000 | +50.0% | $251 / Sq Ft |
| 07/16/2021 07/16/21 | Sold | $500,000 | 0.0% | $167 / Sq Ft |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- |
| 06/14/2021 06/14/21 | For Sale | $499,900 | -- | $167 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,058 | $7,205 | -- | -- |
| 2024 | $1,028 | $6,862 | -- | -- |
| 2023 | $1,028 | $43,620 | $8,720 | $34,900 |
| 2022 | $1,008 | $30,280 | $6,050 | $24,230 |
| 2021 | $1,028 | $24,200 | $4,840 | $19,360 |
| 2020 | $1,015 | $19,160 | $3,830 | $15,330 |
| 2019 | $983 | $18,730 | $3,740 | $14,990 |
| 2018 | $956 | $13,760 | $2,750 | $11,010 |
| 2017 | $911 | $10,300 | $2,060 | $8,240 |
| 2016 | $867 | $8,900 | $1,780 | $7,120 |
| 2015 | $816 | $7,700 | $1,540 | $6,160 |
Source: Public Records
Agents Affiliated with this Home
-
Luis Espinoza
Seller's Agent in 2025
Luis Espinoza
Gile Commercial Real Estate
(602) 373-9729
3 in this area
130 Total Sales
-
Jeff Setlow
Buyer's Agent in 2025
Jeff Setlow
eXp Realty
(480) 221-3327
1 in this area
47 Total Sales
-
Alex Eremija
Seller's Agent in 2021
Alex Eremija
ProSmart Realty
(480) 821-4232
2 in this area
58 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6790190
APN: 122-60-043
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.
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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