$940,000
SOLD APR 30, 2025

3524 W Dunlap Ave Unit 112 Phoenix, AZ 85051

North Mountain Village Neighborhood
-- Bed
-- Bath
1,251 Sq Ft
44 Sq Ft Lot

Recently Sold

$751 Per Sq Ft

15% Below List Price

146 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 5-minute walk to Cortez Park
  • Ceramic Tile Flooring

About This Home

As of April 2025

Total 8 units of townhomes all 2 bedrooms/1.5bathroom in a community of total 99 units of Dunlap Condominiums. This is not apartment complex, but 8 units spread across the community of 15 building. Each unit large 1108sq as townhome, all units rented, each unit with Washer/Dryer, individual water heater and HVAC, Tenant pay for electricity. Average rent $1200 to 1500 for each unit in this community. HOA fee $300 each covering insurance, common area maintenance, and water, sewer, trash.

Last Agent to Sell the Property

Zongfu Li

Lichi Investment, LLC License #BR578246000 Listed on: 10/31/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $440

Year Built

  • Built in 1974

Lot Details

  • Additional Parcels

Home Design

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

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 16 Parking Spaces
  • Carport

Schools

  • Cortez High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 112
  • Assessor Parcel Number 149-39-478

Community Details

Overview

  • 8 Buildings
  • 8 Units
  • Building Dimensions are 700sqft
  • Dunlap Condominums Subdivision

Building Details

  • Operating Expense $51,440
  • Gross Income $115,200
  • Net Operating Income $68,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$440

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave and Dunlap
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 8
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Directions: Behind the car wash
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5000.0
  • Subdivision Name: DUNLAP CONDOMINUMS
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 700sqft
  • Additional Parcels: Yes
  • Parcel #: 149-39-478

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 8
  • Electric Expense: 1000.0
  • Annual Gross Income: 115200.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 68000.0
  • Annual Operating Expense: 51440.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 440.0
  • Tax Book Number: 149.00
  • Tax Lot: 112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Apr 30, 2025
Sold by
Lj Phoenician Acquisitions Llc
Bought by
Hari Pujya Llc
Seller's Agent
Zongfu Li
Lichi Investment, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,100,000
Sold Price
$940,000
Premium/Discount to List
-$160,000
-14.55%
Total Days on Market
146
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%

Purchase Details

Closed on
Jun 21, 2022
Sold by
Lj Phoenician Properties Llc
Bought by
Lj Phoenician Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 22, 2022
Sold by
Tmg Real Estate Llc
Bought by
Lj Phoenician Properties Llc
Seller's Agent
Dominic Arnold
AZ Prime Property Management
Buyer's Agent
Non-MLS Agent
Non-MLS Office
Sold Price
$1,195

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 21, 2022
Sold by
Huilliecourt & Col Llc
Bought by
Tmg Real Estate Llc
Seller's Agent
Dominic Arnold
AZ Prime Property Management
Buyer's Agent
Non-MLS Agent
Non-MLS Office
Sold Price
$1,195

Purchase Details

Closed on
Apr 27, 2015
Sold by
International Property Source Llc
Bought by
Huilliecourt & Col Llc

Purchase Details

Closed on
Dec 1, 2014
Sold by
Derendal Stephanie
Bought by
True Freedom Achievers Llc

Purchase Details

Closed on
Mar 23, 2011
Sold by
Krueger Amy
Bought by
Derendal Stephanie

Purchase Details

Closed on
May 4, 2009
Sold by
Deutsche Bank National Trust
Bought by
Krueger Amy

Purchase Details

Closed on
Nov 13, 2008
Sold by
Martinez Blanca
Bought by
Deutsche Bank National Trust Company and Morgan Stanley Abs Capital I Inc Trust 2

Purchase Details

Closed on
Jan 9, 2006
Sold by
Sher Joy Llc
Bought by
Martinez Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
9.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $940,000 Pioneer Title Agency
Warranty Deed -- Pioneer Title
Warranty Deed $130,000 Wfg National Title Insurance C
Warranty Deed $89,000 Wfg National Title Insurance C
Cash Sale Deed $65,000 Security Title Agency
Cash Sale Deed $45,000 Security Title Agency
Cash Sale Deed $7,500 Clear Title Agency
Cash Sale Deed $5,000 First Arizona Title Agency
Cash Sale Deed $10,500 Great American Title Agency
Trustee Deed $92,000 Great American Title Agency
Warranty Deed $93,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,200,000 New Conventional
Previous Owner $1,980,000 New Conventional
Previous Owner $83,700 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $940,000 -10.5% $751 / Sq Ft
12/01/2024 12/01/24 Price Changed $1,050,000 -4.5% $839 / Sq Ft
10/31/2024 10/31/24 For Sale $1,100,000 0.0% $879 / Sq Ft
02/01/2022 02/01/22 Rented $1,195 0.0% --
01/20/2022 01/20/22 For Rent $1,195 0.0% --
01/17/2022 01/17/22 Rented $1,195 0.0% --
01/03/2022 01/03/22 For Rent $1,195 -- --
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 $440 $3,595 -- --
2024 $432 $3,424 -- --
2023 $432 $8,350 $1,670 $6,680
2022 $418 $6,630 $1,320 $5,310
2021 $423 $6,730 $1,340 $5,390
2020 $412 $5,660 $1,130 $4,530
2019 $405 $4,410 $880 $3,530
2018 $394 $3,500 $700 $2,800
2017 $259 $3,010 $600 $2,410
2016 $255 $2,920 $580 $2,340
2015 $236 $2,310 $460 $1,850
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2025

    Zongfu Li

    Lichi Investment, LLC

    (480) 248-4618

    24 in this area

    82 Total Sales

    Zongfu Li
    Section Image

  • N

    Buyer's Agent in 2025

    Non-MLS Agent

    Non-MLS Office

  • D

    Seller's Agent in 2022

    Dominic Arnold

    AZ Prime Property Management

    (480) 449-6632

    17 in this area

    133 Total Sales

    Dominic Arnold
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6778033

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-39-478

Arizona Maricopa County Phoenix 85051 North Mountain Village

3524 W Dunlap Ave Unit 112, Phoenix, AZ

This home is located at 3524 W Dunlap Ave Unit 112, Phoenix, AZ 85051 and is currently priced at $940,000, approximately $751 per square foot. This property was built in 1974. 3524 W Dunlap Ave Unit 112 is a home located in Maricopa County with nearby schools including Cactus Wren Elementary School, Cholla Middle School, and Cortez High School.

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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