NOT LISTED FOR SALE

3531 W Moreland St Phoenix, AZ 85009

Estrella Village Neighborhood

Estimated Value: $272,000 - $301,000

4 Beds
1 Bath
612 Sq Ft
$466/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $214,000 $350 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,585/month

4 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2020

Rare opportunity alert! Duplex at 100K/door in Phoenix! Both units currently tenant occupied. Perfect for an investor who doesn't want to worry about vacancy, or maybe you want to live in one unit and rent out the other, or maybe it can be an AirBNB! The possibilities are endless! This great opportunity won't last long!

Last Agent to Sell the Property

Tucker Swann

eXp Realty License #SA678526000 Listed on: 07/24/2020

eXp Realty

Last Buyer's Agent

Tanya Moreno

eXp Realty License #SA680359000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,068

Year Built

  • Built in 1944

Lot Details

  • 6,447

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water
  • Legal Lot and Block 15 / 19
  • Assessor Parcel Number 106-08-062

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 6460
  • West Phoenix No 4 Subdivision

Building Details

  • Operating Expense $3,919
  • Gross Income $17,670
  • Net Operating Income $15,749

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,068

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: 35th Ave and Roosevelt
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2019
  • Directions: From intersection: North on 35th Ave. West on Moreland. Property is on the south side of the road. No sign on property.
  • Road Surface Type: Gravel
  • Subdivision Name: WEST PHOENIX NO 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 250.0
  • Annual Water Sewer Expense: 1000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6460
  • Additional Parcels: No
  • Parcel #: 106-08-062

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 17670.0
  • Insurance Expense: 1351.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 15749.0
  • Annual Operating Expense: 3919.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1068.0
  • Tax Block: 19
  • Tax Book Number: 106.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 27, 2020
Sold by
Vasquez Daniel
Bought by
Rodas Leidy Vasquez
Seller's Agent
Tucker Swann
eXp Realty
Buyer's Agent
Tanya Moreno
eXp Realty
List Price
$199,000
Sold Price
$214,000
Premium/Discount to List
$15,000
7.54%
Current Estimated Value
$282,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,987
Avg. Annual Appreciation
5.74%
Original Mortgage
$203,300
Outstanding Balance
$180,415
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$104,792

Purchase Details

Closed on
Apr 9, 2020
Sold by
Farrell Daniel J and Farrell Sandra L
Bought by
Front Porch Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2006
Sold by
Pijas Mildred
Bought by
Farrell Daniel J and Farrell Sandra L
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
Rodas Leidy Vasquez -- Fidelity Natl Ttl Agcy Inc
Rodas Leidy Vasquez $214,000 Fidelity Natl Ttl Agcy Inc
Arise Ventures Llc -- Fidelity Natl Ttl Agcy Inc
Front Porch Homes Llc $143,500 Pioneer Title Agency Inc
Farrell Daniel J $112,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodas Leidy Vasquez $203,300
Previous Owner Front Porch Homes Llc $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $214,000 +7.5% $350 / Sq Ft
08/28/2020 08/28/20 Price Changed $199,000 0.0% $325 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $199,000 -- $325 / 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 $1,071 $7,295 -- --
2024 $1,056 $6,947 -- --
2023 $1,056 $19,450 $3,890 $15,560
2022 $1,001 $12,580 $2,510 $10,070
2021 $961 $11,720 $2,340 $9,380
2020 $1,087 $10,870 $2,170 $8,700
2019 $1,068 $7,560 $1,510 $6,050
2018 $473 $6,270 $1,250 $5,020
2017 $470 $4,510 $900 $3,610
2016 $455 $4,160 $830 $3,330
2015 $421 $3,210 $640 $2,570
Source: Public Records

Agents Affiliated with this Home

  • Tucker Swann

    Seller's Agent in 2020

    Tucker Swann

    eXp Realty

    (480) 540-6117

    71 Total Sales

    Tucker Swann
    Section Image
  • Tanya Moreno

    Buyer's Agent in 2020

    Tanya Moreno

    eXp Realty

    (928) 257-7248

    12 in this area

    140 Total Sales

    Tanya Moreno
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6108044

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-08-062

Arizona Maricopa County Phoenix 85009 Estrella Village

3531 W Moreland St, Phoenix, AZ

This home is located at 3531 W Moreland St, Phoenix, AZ 85009 since 24 July 2020 and is currently estimated at $285,207, approximately $466 per square foot. This property was built in 1944. 3531 W Moreland St is a home located in Maricopa County with nearby schools including Alta E Butler 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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