NOT LISTED FOR SALE

3239 W Madison St Phoenix, AZ 85009

Estrella Village Neighborhood

Estimated Value: $285,216 - $632,000

-- Bed
-- Bath
2,520 Sq Ft
$188/Sq Ft Est. Value

Last Sold January 30, 2014

Last sale price $125,000 $50 Per Sq Ft

Est. 280% increase in value since last sale

Current estimated payment $2,598/month

27 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Multiple Heating Units

About This Home

As of January 2014

Fantastic price for this cash flow gem -- 4 Plex of 2 bedroom 1 bath units -- fully occupied at $450 per unit-- -- 2 units have newer rooftop AC units and 2 have evap coolers****quiet semi-private courtyards outside each front door**tile through out units, ceiling fans, tile countertops in kitchens, full baths, freshly painted interiors, all appliances included**individually metered electric per unit, owner pays water, sewer and trash**

Last Agent to Sell the Property

David Hayes

Varsity Realty License #BR084362000 Listed on: 11/21/2013

Last Buyer's Agent

Monica Coker

HomeSmart License #SA641419000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $549

Year Built

  • Built in 1985

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Jack L Kuban Elementary School
  • Carl Hayden High School

Utilities

  • Evaporated cooling system
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water
  • Tax Lot 5
  • Assessor Parcel Number 109-40-100-J

Community Details

Overview

  • 4 Units
  • Building Dimensions are 133 x 60
  • Wormsers Subdivision

Building Details

  • Gross Income $20,520
  • Net Operating Income $15,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$549

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Washington and 33rd Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: South on 33rd Avenue to Madison.Parking is on south side of 4 plex off 33rd Avenue just a little south of Madison.(4 plex is between 32nd Dr. and 33rd Ave.
  • Road Surface Type: Asphalt
  • Subdivision Name: Wormsers
  • Tax Parcel Letter: J
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, 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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump, Evaporative Cooling
  • Heating: Individual, 2 or More Units, None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Jack L Kuban Elementary School
  • High School: Carl Hayden High School
  • Middle Or Junior School: Jack L Kuban Elementary School

Lot Info

  • Lot Size: 133 x 60
  • Additional Parcels: No
  • Parcel #: 109-40-100-J

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 20520.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 15540.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 549.0
  • Tax Book Number: 109.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2013
Closed on
Jan 29, 2014
Sold by
Coker Eduardo
Bought by
Celer Logistics Llc
Seller's Agent
David Hayes
Varsity Realty
Buyer's Agent
Monica Coker
HomeSmart
List Price
$124,900
Sold Price
$125,000
Premium/Discount to List
$100
0.08%
Current Estimated Value
$474,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,739
Avg. Annual Appreciation
12.06%
Original Mortgage
$93,750
Outstanding Balance
$71,147
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$403,592

Purchase Details

Listed on
Nov 21, 2013
Closed on
Jan 27, 2014
Sold by
Rjnn Investments Llc
Bought by
Coker Eduardo and Coker Eduardo L
Seller's Agent
David Hayes
Varsity Realty
Buyer's Agent
Monica Coker
HomeSmart
List Price
$124,900
Sold Price
$125,000
Premium/Discount to List
$100
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$71,147
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$403,592

Purchase Details

Closed on
Dec 14, 2010
Sold by
Raju Ravender
Bought by
Rjnn Investments Llc

Purchase Details

Closed on
Jun 14, 2010
Sold by
Ez Homes Inc
Bought by
Raju Ravender

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2010
Sold by
Pineda Rick
Bought by
Ez Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2005
Sold by
Erp Properties Llc
Bought by
Pineda Rick

Purchase Details

Closed on
May 13, 2005
Sold by
Pineda Rick
Bought by
Erp Properties Llc

Purchase Details

Closed on
Apr 13, 2004
Sold by
Wilson Ricky F and Wilson Sharon K
Bought by
Pineda Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2003
Sold by
Wilson Ricky F and Wilson Sharon
Bought by
Agape Real Estate Solutions Lp and Payne Madison Land Trust #3

Purchase Details

Closed on
Sep 11, 2000
Sold by
Payne Fred J and Payne Janet R
Bought by
Wilson Ricky F and Wilson Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
8.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1993
Sold by
Gregory James L and Smiraldo Sarah R
Bought by
Payne Fred J and Payne Janet
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Celer Logistics Llc -- Accommodation
Coker Eduardo $125,000 Equity Title Agency
Rjnn Investments Llc -- Equity Title Agency Inc
Rjnn Investments Llc -- None Available
Raju Ravender -- None Available
Ez Homes Inc $59,000 Fidelity Natl Title Ins Co
Pineda Rick $205,000 Security Title Agency Inc
Erp Properties Llc -- --
Pineda Rick $165,000 Westland Title Agency Of Az
Agape Real Estate Solutions Lp -- --
Wilson Ricky F $84,000 Lawyers Title Of Arizona Inc
Payne Fred J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coker Eduardo $93,750
Previous Owner Raju Ravender $50,000
Previous Owner Pineda Rick $148,400
Previous Owner Wilson Ricky F $75,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2014 01/30/14 Sold $125,000 +0.1% $50 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
11/21/2013 11/21/13 For Sale $124,900 0.0% $50 / Sq Ft
03/22/2013 03/22/13 Rented $450 -10.0% --
03/14/2013 03/14/13 Under Contract -- -- --
01/03/2013 01/03/13 For Rent $500 -- --
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 $952 $7,543 -- --
2024 $905 $7,183 -- --
2023 $905 $33,100 $6,620 $26,480
2022 $868 $22,310 $4,460 $17,850
2021 $919 $19,300 $3,860 $15,440
2020 $888 $16,350 $3,270 $13,080
2019 $878 $14,010 $2,800 $11,210
2018 $861 $11,260 $2,250 $9,010
2017 $828 $10,810 $2,160 $8,650
2016 $839 $8,350 $1,670 $6,680
2015 $782 $7,260 $1,450 $5,810
Source: Public Records

Agents Affiliated with this Home

  • David Hayes

    Seller's Agent in 2014

    David Hayes

    Varsity Realty

    (623) 455-8924

    29 Total Sales

    David Hayes
    Section Image
  • Monica Coker

    Buyer's Agent in 2014

    Monica Coker

    HomeSmart

    (480) 280-9425

    95 Total Sales

    Monica Coker
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5033942

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-40-100J

Arizona Maricopa County Phoenix 85009 Estrella Village

3239 W Madison St, Phoenix, AZ

This home is located at 3239 W Madison St, Phoenix, AZ 85009 since 21 November 2013 and is currently estimated at $474,739, approximately $188 per square foot. This property was built in 1985. 3239 W Madison St is a home located in Maricopa County with nearby schools including William R Sullivan Elementary School, Carl Hayden 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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