NOT LISTED FOR SALE

3702 W Dunlap Ave Phoenix, AZ 85051

North Mountain Village Neighborhood

Estimated Value: $634,000 - $650,000

-- Bed
-- Bath
3,360 Sq Ft
$191/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $246,000 $73 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $3,534/month

200 Days on Market

About This Home

As of March 2016

WELL MAINTAINED FOUR-PLEX ON A NICE LOT. EXCELLENT PERFORMANCE AND APPRECIATION ALL UNITS MAINTAIN CONSISTENT OCCUPANCY WHICH MAKES THIS A GREAT INVESTMENT PROPERTY!
The second Parcel is #149-39-101-B
*Can be bought with MLS# 5313536 Hard to find ALL 2 bedrooms with 100% Occupancy! Right on the Lightrail that is being completed NOW! Coupled with the property next to this one-buying 8 units with Residential Financing is always a plus! In really nice shape and there is a possibility of additional income by installing the Laundry Room. Open and there are fenced courtyards for the Tenants-A real winner!

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 07/29/2015

Last Buyer's Agent

Donna Scovil

Century 21 Northwest License #SA047214000

Century 21 Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,261

Year Built

  • Built in 1964

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Schools

  • Cactus Wren Elementary School
  • Cholla Complex Middle School
  • Cortez High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 149-39-010-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Parkwood Sub Unit No 1 Subdivision

Building Details

  • Operating Expense $6,971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,261

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 37TH AVE & DUNLAP
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2015
  • Directions: N. ON 37TH AVE. PROPERTY SITS ON THE NE CORNER OF 37TH AVE & DUNLAP
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10.0
  • Subdivision Name: PARKWOOD SUB UNIT NO 1
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Common
  • 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:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • 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

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Cactus Wren Elementary School
  • High School: Cortez High School
  • Middle Or Junior School: Cholla Complex

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 149-39-010-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Annual Operating Expense: 6971.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1261.0
  • Tax Book Number: 149.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2017
Sold by
Lanini Erik
Bought by
Playa De Negro Properties Llc
Current Estimated Value
$642,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Outstanding Balance
$106,449
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$788,551

Purchase Details

Closed on
Sep 26, 2017
Sold by
Lanini Heidi
Bought by
Lanini Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Outstanding Balance
$106,449
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$788,551

Purchase Details

Closed on
Dec 19, 2016
Sold by
Lanini Erik
Bought by
Playa De Negro Properties Llc

Purchase Details

Listed on
Jul 29, 2015
Closed on
Mar 29, 2016
Sold by
Gf3 Investments Llc
Bought by
Lanini Erik
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Donna Scovil
Century 21 Northwest
List Price
$285,000
Sold Price
$246,000
Premium/Discount to List
-$39,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.56%
Original Mortgage
$179,200
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2015
Closed on
Mar 21, 2016
Sold by
Lanini Heidi and Lanini Erik
Bought by
Lanini Erik
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Donna Scovil
Century 21 Northwest
List Price
$285,000
Sold Price
$246,000
Premium/Discount to List
-$39,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2005
Sold by
Callis D Michael and Callis Marsha L
Bought by
Fong Gwilym

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 13, 2002
Sold by
Patton Robert W and Patton Patricia A
Bought by
Callis D Michael and Callis Marsha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
5.82%

Purchase Details

Closed on
Dec 15, 1995
Sold by
Formoso Peter and Formoso Aurelya
Bought by
Patton Robert W and Patton Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.37%
Mortgage Type
Commercial
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
Playa De Negro Properties Llc -- Accommodation
Lanini Erik -- Dhi Title Agency
Playa De Negro Properties Llc -- None Available
Lanini Erik $246,000 Empire West Title Agency
Lanini Erik -- Empire West Title Agency
Fong Gwilym $329,000 Capital Title Agency Inc
Callis D Michael $187,000 Capital Title Agency Inc
Patton Robert W $100,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanini Erik $186,000
Previous Owner Lanini Erik $179,200
Previous Owner Lanini Erik $179,200
Previous Owner Fong Gwilym $263,200
Previous Owner Callis D Michael $149,600
Previous Owner Patton Robert W $80,000
Closed Fong Gwilym $32,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $246,000 -13.7% $73 / Sq Ft
02/14/2016 02/14/16 Pending -- -- --
07/29/2015 07/29/15 For Sale $285,000 -- $85 / 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 $1,554 $12,704 -- --
2024 $1,526 $12,099 -- --
2023 $1,526 $46,310 $7,860 $38,450
2022 $1,476 $30,160 $5,120 $25,040
2021 $1,495 $27,160 $4,610 $22,550
2020 $1,457 $22,940 $3,890 $19,050
2019 $1,431 $21,470 $3,640 $17,830
2018 $1,393 $17,630 $2,990 $14,640
2017 $1,386 $15,740 $2,670 $13,070
2016 $1,361 $15,990 $2,710 $13,280
2015 $1,261 $13,490 $2,290 $11,200
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2016

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    4 in this area

    119 Total Sales

    Linda Gerchick
    Section Image
  • Donna Scovil

    Buyer's Agent in 2016

    Donna Scovil

    Century 21 Northwest

    (623) 329-0665

    2 in this area

    51 Total Sales

    Donna Scovil
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5313532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-39-010A

Arizona Maricopa County Phoenix 85051 North Mountain Village

3702 W Dunlap Ave, Phoenix, AZ

This home is located at 3702 W Dunlap Ave, Phoenix, AZ 85051 since 29 July 2015 and is currently estimated at $642,000, approximately $191 per square foot. This property was built in 1964. 3702 W Dunlap Ave 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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