NOT LISTED FOR SALE

3516 W Vernon Ave Unit 3 Phoenix, AZ 85009

Maryvale Neighborhood

Estimated Value: $466,000 - $496,000

Studio
-- Bath
1,820 Sq Ft
$267/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $499,000 $274 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,610/month

73 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

This Tri-plex is currently fully occupied and consists of 2 (1 bed /1 bath) units and 1 (2 bed/ 1 bath) unit. Each individual unit features a private rear patio for tenants to enjoy. This well kept property could make for a great investment opportunity! Owner/ agent

Last Agent to Sell the Property

Kevin McGowin

Go Win Property Management License #BR687250000 Listed on: 08/14/2024

Last Buyer's Agent

Michael Escobedo

Jason Mitchell Real Estate License #SA662612000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,247

Year Built

  • Built in 1958

Lot Details

  • 7,754

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 108-14-031

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7,756 sq ft.
  • Fairfield Subdivision

Building Details

  • Operating Expense $1,247
  • Gross Income $35,853

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,247

Year Built

Built in 1958

Lot Details

7,754 Sq Ft Lot

Listing Details

  • Cross Street: From 35th Ave: Head west on W. Vernon
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: FAIRFIELD
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,756 sq ft.
  • Additional Parcels: No
  • Parcel #: 108-14-031

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 35853.0
  • Annual Operating Expense: 1247.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1247.0
  • Tax Book Number: 108.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Nov 19, 2024
Sold by
Km Lizard Properties Llc
Bought by
Hernandez Jorge and Hernandez Gelen
Seller's Agent
Kevin McGowin
Go Win Property Management
Buyer's Agent
Michael Escobedo
Jason Mitchell Real Estate
List Price
$550,000
Sold Price
$499,000
Premium/Discount to List
-$51,000
-9.27%
Views
19
Current Estimated Value
$486,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,850
Avg. Annual Appreciation
-2.07%
Original Mortgage
$374,250
Outstanding Balance
$369,922
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$116,228

Purchase Details

Listed on
May 31, 2024
Closed on
Jun 28, 2024
Sold by
3516 W Vernon Llc
Bought by
Km Lizard Properties Llc
Seller's Agent
Virginia Nickel
HomeSmart
Buyer's Agent
Kevin McGowin
Go Win Property Management
Sold Price
$418,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.71%
Original Mortgage
$294,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2024
Closed on
Jun 12, 2024
Sold by
3516 W Vernon Llc
Bought by
Km Lizard Properties Llc
Seller's Agent
Virginia Nickel
HomeSmart
Buyer's Agent
Kevin McGowin
Go Win Property Management
Sold Price
$418,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2020
Sold by
Derespinpo Laurence
Bought by
3516 W Vernon Llc

Purchase Details

Listed on
Dec 8, 2014
Closed on
Jan 9, 2015
Sold by
Derespino Deborah R
Bought by
Derespino Laurence J
Seller's Agent
Jack Cardinal
Cooper Cardinal and Company
Buyer's Agent
John Rucidlo
AgentHub 360, LLC
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.24%

Purchase Details

Listed on
Mar 26, 2013
Closed on
May 13, 2013
Sold by
Whiterock Capital Inc
Bought by
Azcc Ft Llc
Seller's Agent
Ericka Vasquez
Unique Legacy Realty
Buyer's Agent
Maria Gonzalez
Unique Legacy Realty
List Price
$45,000
Sold Price
$78,000
Premium/Discount to List
$33,000
73.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.82%

Purchase Details

Listed on
Mar 26, 2013
Closed on
Apr 18, 2013
Sold by
Whiterock Capital Inc
Bought by
Azcc Ft Llc
Seller's Agent
Ericka Vasquez
Unique Legacy Realty
Buyer's Agent
Maria Gonzalez
Unique Legacy Realty
List Price
$45,000
Sold Price
$78,000
Premium/Discount to List
$33,000
73.33%

Purchase Details

Listed on
Mar 26, 2013
Closed on
Apr 9, 2013
Sold by
Steffen Nancy
Bought by
Steffen Harvey W
Seller's Agent
Ericka Vasquez
Unique Legacy Realty
Buyer's Agent
Maria Gonzalez
Unique Legacy Realty
List Price
$45,000
Sold Price
$78,000
Premium/Discount to List
$33,000
73.33%

Purchase Details

Listed on
Mar 26, 2013
Closed on
Mar 10, 2013
Sold by
Steffen Harvey W
Bought by
Edrosolan Richard
Seller's Agent
Ericka Vasquez
Unique Legacy Realty
Buyer's Agent
Maria Gonzalez
Unique Legacy Realty
List Price
$45,000
Sold Price
$78,000
Premium/Discount to List
$33,000
73.33%

Purchase Details

Closed on
Aug 23, 2012
Sold by
Steffen Harvey W
Bought by
Steffens Three Llc

Purchase Details

Closed on
Oct 26, 2005
Sold by
Steffen Nancy
Bought by
Steffen Harvey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 22, 2005
Sold by
Ayala Socorro
Bought by
Steffens Three Llc

Purchase Details

Closed on
Apr 14, 2004
Sold by
Ayala Ray M
Bought by
Ayala Socorro G

Purchase Details

Closed on
Jan 23, 2001
Sold by
River Of Life Tabernacle Inc
Bought by
River Of Life Tabernacle Inc

Purchase Details

Closed on
Mar 29, 2000
Sold by
Mcdonald Malcolm Charles
Bought by
Mcdonald Earlene

Purchase Details

Closed on
Mar 22, 2000
Sold by
Mcdonald Earlene and Beauchamp Deene K
Bought by
River Of Life Tabernacle Inc
Source: Public Records
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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
Hernandez Jorge $499,000 Sunbelt Title Agency
Hernandez Jorge $499,000 Sunbelt Title Agency
Km Lizard Properties Llc $418,000 First Integrity Title Agency O
Km Lizard Properties Llc $418,000 First Integrity Title Agency O
3516 W Vernon Llc -- None Available
Derespino Laurence J -- Security Title Agency
Derespino Laurence J $135,000 Security Title Agency
Azcc Ft Llc -- None Available
Azcc Ft Llc -- Accommodation
Whiterock Capital Llc -- Accommodation
Steffen Harvey W -- American Title Service Agenc
Steffen Harvey W -- American Title Service Agenc
Edrosolan Richard $78,000 American Title Service Agenc
Steffens Three Llc -- Accommodation
Steffen Harvey W -- Security Title Agency Inc
Steffen Harvey W -- Security Title Agency Inc
Steffens Three Llc $150,000 Security Title Agency Inc
Ayala Socorro G -- --
Ayala Socorro $75,000 Equity Title Agency Inc
River Of Life Tabernacle Inc -- Stewart Title & Tr Of Phoeni
Mcdonald Earlene -- --
River Of Life Tabernacle Inc $66,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Jorge $374,250
Closed Hernandez Jorge $374,250
Previous Owner Km Lizard Properties Llc $294,000
Previous Owner Km Lizard Properties Llc $294,000
Previous Owner Steffen Harvey W $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2024 11/21/24 Sold $499,000 0.0% $274 / Sq Ft
10/23/2024 10/23/24 Price Changed $499,000 -2.2% $274 / Sq Ft
10/21/2024 10/21/24 Price Changed $510,000 -0.5% $280 / Sq Ft
10/17/2024 10/17/24 Price Changed $512,500 -1.9% $282 / Sq Ft
10/15/2024 10/15/24 Price Changed $522,500 -0.5% $287 / Sq Ft
10/05/2024 10/05/24 Price Changed $525,000 -1.4% $288 / Sq Ft
09/30/2024 09/30/24 Price Changed $532,500 -0.5% $293 / Sq Ft
09/17/2024 09/17/24 Price Changed $535,000 -0.9% $294 / Sq Ft
09/09/2024 09/09/24 Price Changed $540,000 -0.9% $297 / Sq Ft
08/26/2024 08/26/24 Price Changed $545,000 -0.9% $299 / Sq Ft
08/14/2024 08/14/24 For Sale $550,000 +31.6% $302 / Sq Ft
06/28/2024 06/28/24 Sold $418,000 -3.9% $230 / Sq Ft View Prior Sale
06/21/2024 06/21/24 Price Changed $435,000 +222.2% $239 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
01/16/2015 01/16/15 Sold $135,000 0.0% $74 / Sq Ft View Prior Sale
12/18/2014 12/18/14 Pending -- -- --
12/03/2014 12/03/14 For Sale $135,000 +73.1% $74 / Sq Ft
04/19/2013 04/19/13 Sold $78,000 +73.3% $43 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $45,000 -- $25 / 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 $1,268 $7,808 -- --
2024 $1,247 $7,436 -- --
2023 $1,247 $30,260 $6,050 $24,210
2022 $1,151 $20,130 $4,020 $16,110
2021 $1,134 $18,150 $3,630 $14,520
2020 $1,112 $15,630 $3,120 $12,510
2019 $1,091 $10,620 $2,120 $8,500
2018 $1,112 $8,780 $1,750 $7,030
2017 $1,065 $8,770 $1,750 $7,020
2016 $1,032 $7,300 $1,460 $5,840
2015 $950 $7,100 $1,420 $5,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6743554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 108-14-031

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