M
Seller's Agent in 2024
Mike Loree
Phoenix Prestige Real Estate
(516) 633-1027
1 in this area
1 Total Sale
3237 W Melvin St Phoenix, AZ 85009
Estrella Village NeighborhoodEstimated Value: $373,000 - $577,000
Studio
--
Bath
1,242
Sq Ft
$386/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- No Heating
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of June 2024Well maintained 4-plex offers a great opportunity for FHA buyers or long-term investors. The unit mix features (4) two bed / one bath units. On-Site parking is available to tenants. Each unit is individually sub-metered for water. 3 tenants are month to month with ability to bring rents to Market. Conveniently, located in West Phoenix near I-10 and I-17 Freeways.
Last Agent to Sell the Property
Phoenix Prestige Real Estate License #SA706054000 Listed on: 04/22/2024
Last Buyer's Agent
Mike Loree
Everyday Investments Realty License #SA706054000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,511
Year Built
- Built in 1984
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 19 / 7
- Assessor Parcel Number 109-25-144-A
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 6725
- Terra Del Sol Subdivision
Building Details
- Operating Expense $6,712
- Gross Income $44,458
- Net Operating Income $38,032
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2024
Closed on
Jun 12, 2024
Sold by
Loree Michael and Loree Kerry
Bought by
Avidor Properties Llc
Seller's Agent
Mike Loree
Phoenix Prestige Real Estate
Buyer's Agent
Mike Loree
Phoenix Prestige Real Estate
List Price
$595,000
Sold Price
$526,000
Premium/Discount to List
-$69,000
-11.6%
Views
11
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
-$46,599
Avg. Annual Appreciation
-5.37%
Original Mortgage
$330,000
Outstanding Balance
$325,947
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$153,454
Purchase Details
Listed on
Oct 1, 2019
Closed on
Nov 19, 2019
Sold by
Shafer Shawn C and Miller Christopher C
Bought by
Lorae Michael and Lorae Kerry
Seller's Agent
Frances Gutierrez
Keller Williams Realty Sonoran Living
Buyer's Agent
Mary Chen
Compass
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.25%
Purchase Details
Closed on
Jul 17, 2012
Sold by
Wilhoit Rentals Llc
Bought by
Shafer Shawn C and Miller Christopher C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 17, 2012
Sold by
Kmd Holdings Llc
Bought by
Wilhoit Rentals Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2011
Sold by
Sandoval Jesse
Bought by
Ez Homes Inc
Purchase Details
Closed on
Sep 19, 2011
Sold by
Ez Homes Inc
Bought by
Kmd Holdings Llc
Purchase Details
Closed on
Jan 31, 2007
Sold by
Rental Property & Management Inc
Bought by
Sandoval Jesse
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Avidor Properties Llc | $526,000 | American Title Service Agency | |
| Lorae Michael | $255,000 | Security Title Agency Inc | |
| Shafer Shawn C | $94,000 | Chicago Title Agency Inc | |
| Wilhoit Rentals Llc | $75,000 | Stewart Title & Trust Of Pho | |
| Ez Homes Inc | $38,121 | None Available | |
| Kmd Holdings Llc | -- | None Available | |
| Sandoval Jesse | $289,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Avidor Properties Llc | $330,000 | |
| Previous Owner | Shafer Shawn C | $70,500 | |
| Previous Owner | Wilhoit Rentals Llc | $245,000 | |
| Previous Owner | Sandoval Jesse | $231,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $526,000 | -6.9% | $424 / Sq Ft | |
| 05/13/2024 05/13/24 | Pending | -- | -- | -- | |
| 05/06/2024 05/06/24 | Price Changed | $565,000 | -2.4% | $455 / Sq Ft | |
| 05/01/2024 05/01/24 | Price Changed | $579,000 | -2.7% | $466 / Sq Ft | |
| 04/22/2024 04/22/24 | For Sale | $595,000 | 0.0% | $479 / Sq Ft | |
| 08/12/2022 08/12/22 | Rented | $950 | 0.0% | -- | |
| 08/10/2022 08/10/22 | Under Contract | -- | -- | -- | |
| 06/17/2022 06/17/22 | Price Changed | $950 | -5.0% | $2 / Sq Ft | |
| 06/06/2022 06/06/22 | Price Changed | $1,000 | -9.1% | $2 / Sq Ft | |
| 05/31/2022 05/31/22 | For Rent | $1,100 | 0.0% | -- | |
| 11/26/2019 11/26/19 | Sold | $255,000 | +2.0% | $205 / Sq Ft | View Prior Sale |
| 11/14/2019 11/14/19 | For Sale | $250,000 | 0.0% | $201 / Sq Ft | |
| 11/14/2019 11/14/19 | Price Changed | $250,000 | 0.0% | $201 / Sq Ft | |
| 10/01/2019 10/01/19 | For Sale | $250,000 | +166.0% | $201 / Sq Ft | |
| 10/30/2012 10/30/12 | Sold | $94,000 | -5.1% | $151 / Sq Ft | View Prior Sale |
| 06/29/2012 06/29/12 | Pending | -- | -- | -- | |
| 06/11/2012 06/11/12 | For Sale | $99,000 | -- | $159 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,573 | $9,681 | -- | -- |
| 2024 | $1,547 | $9,220 | -- | -- |
| 2023 | $1,547 | $29,970 | $5,990 | $23,980 |
| 2022 | $1,475 | $20,120 | $4,020 | $16,100 |
| 2021 | $1,470 | $17,770 | $3,550 | $14,220 |
| 2020 | $1,443 | $15,360 | $3,070 | $12,290 |
| 2019 | $1,418 | $13,460 | $2,690 | $10,770 |
| 2018 | $1,421 | $12,180 | $2,430 | $9,750 |
| 2017 | $1,412 | $10,060 | $2,010 | $8,050 |
| 2016 | $1,368 | $9,020 | $1,800 | $7,220 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Loree
-
Cassie McClenaghan
Seller's Agent in 2022
Cassie McClenaghan
Patriot Property Management
(602) 616-9751
22 Total Sales
-
Frances Gutierrez
Seller's Agent in 2019
Frances Gutierrez
Keller Williams Realty Sonoran Living
(602) 980-3244
3 in this area
46 Total Sales
-
Mary Chen
Buyer's Agent in 2019
Mary Chen
Compass
(623) 696-7410
28 Total Sales
-
L
Seller's Agent in 2012
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
L
Seller Co-Listing Agent in 2012
Lois Kaipainen
Income Property Shop
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6695101
APN: 109-25-144A
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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