NOT LISTED FOR SALE

Estimated Value: $792,000 - $885,159

-- Bed
-- Bath
3,656 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $860,000 $235 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,889/month

6 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Heating unit installed on the ceiling
  • Cooling Available

About This Home

As of December 2023

This home is located at 3302 W Loma Ln, Phoenix, AZ 85051 since 19 October 2023 and is currently estimated at $838,290, approximately $229 per square foot. This property was built in 1974. 3302 W Loma Ln is a home located in Maricopa County with nearby schools including Palo Verde Middle School, Alta Vista Elementary School, and Cortez High School.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 10/19/2023

Last Buyer's Agent

Lisa Harris

Jason Mitchell Real Estate License #SA680217000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,251

Year Built

  • Built in 1974

Lot Details

  • 8,146

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 150-09-880

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8152
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $17,515
  • Gross Income $71,453
  • Net Operating Income $54,177

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,251

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3585.0
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Ceiling Fan(s)
  • Heating: Individual, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 8152
  • Additional Parcels: No
  • Parcel #: 150-09-880

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 3130.0
  • Annual Gross Income: 71452.72
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1900.0
  • Property Net Operating Income: 54177.0
  • Annual Operating Expense: 17515.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 2251.0
  • Tax Book Number: 150.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Nov 22, 2023
Sold by
3302 W Loma Lane Llc
Bought by
Stuart Kurt L and Stuart-Trickett Sarah E
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Lisa Harris
Jason Mitchell Real Estate
List Price
$860,000
Sold Price
$860,000
Total Days on Market
6
Views
8
Current Estimated Value
$838,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,710
Avg. Annual Appreciation
-1.70%
Original Mortgage
$645,000
Outstanding Balance
$636,032
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$202,258

Purchase Details

Closed on
Jun 14, 2021
Sold by
Sarbinoff Ryan and Smith Christopher
Bought by
M & Cs Holdings Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2021
Sold by
Stetler Alexis
Bought by
Sarbinoff Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2020
Sold by
Shubair Joseph
Bought by
M & Cs Holdings Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2010
Sold by
First Properties Llc
Bought by
Shubair Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,704
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2008
Sold by
Rajbharti Nilesh and Rajbharti Pearlie
Bought by
First Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,150
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2008
Sold by
Vallejo Street Llc
Bought by
Rajbharti Nilesh and Rajbharti Pearlie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,150
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2008
Sold by
Keira Llc
Bought by
Vallejo Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,150
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2005
Sold by
Oreilly Michael
Bought by
Keira Llc

Purchase Details

Closed on
May 9, 2002
Sold by
Auld Kathleen
Bought by
Oreilly Michael

Purchase Details

Closed on
Jun 7, 2000
Sold by
Dube William E
Bought by
Swain Richard J and Swain Nancy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,100
Interest Rate
8.67%
Mortgage Type
Trade

Purchase Details

Closed on
Dec 30, 1998
Sold by
Larriva Michael T and Larriva Barbara O
Bought by
Dube William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Stuart Kurt L $860,000 Navi Title Agency
3302 W Loma Lane Llc -- None Listed On Document
M & Cs Holdings Az Llc -- Accommodation
Sarbinoff Ryan -- Clear Title Agency Of Az
Smith Christopher -- Clear Title Agency Of Az
M & Cs Holdings Az Llc $340,000 Great American Title Agency
Shubair Joseph $130,000 Clear Title Agency Of Arizon
First Properties Llc -- Security Title Agency
Rajbharti Nilesh $274,500 Security Title Agency Inc
Vallejo Street Llc -- Security Title Agency Inc
Keira Llc -- --
Oreilly Michael -- North American Title Co
Oreilly Michael $243,000 North American Title Co
Swain Richard J $207,900 North American Title Agency
Dube William E $167,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stuart Kurt L $645,000
Previous Owner Cms Equity Inc $5,000,000
Previous Owner Sarbinoff Ryan $448,000
Previous Owner M & Cs Holdings Az Llc $374,000
Previous Owner Shubair Joseph $126,704
Previous Owner Rajbharti Nilesh $192,150
Previous Owner Oreilly Michael $55,000
Previous Owner Oreilly Michael $175,500
Previous Owner Oreilly Michael $29,500
Previous Owner Swain Richard J $187,100
Previous Owner Dube William E $150,000
Previous Owner Larriva Michael T $82,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $860,000 0.0% $235 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/19/2023 10/19/23 For Sale $860,000 -- $235 / 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 $2,202 $18,006 -- --
2024 $2,162 $17,148 -- --
2023 $2,162 $42,580 $8,510 $34,070
2022 $2,092 $30,780 $6,150 $24,630
2021 $2,119 $29,080 $5,810 $23,270
2020 $2,066 $27,670 $5,530 $22,140
2019 $2,028 $23,020 $4,600 $18,420
2018 $1,975 $20,950 $4,190 $16,760
2017 $1,965 $18,180 $3,630 $14,550
2016 $1,929 $16,250 $3,250 $13,000
2015 $1,787 $16,330 $3,260 $13,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6620025

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-880