$291,000
SOLD JUL 16, 2015

3948 E Mercer Ln Phoenix, AZ 85028

Paradise Valley Village Neighborhood
3 Beds
2 Baths
1,776 Sq Ft
7,999 Sq Ft Lot

Recently Sold

$164 Per Sq Ft

10% Below List Price

0 Day on Market

Highlights

  • Mountain View
  • Corner Lot
  • No HOA
  • Mercury Mine Elementary School Rated A
  • Granite Countertops
  • Covered Patio or Porch

About This Home

As of May 2018

This home is located at 3948 E Mercer Ln, Phoenix, AZ 85028 and is currently priced at $291,000, approximately $163 per square foot. This property was built in 1961. 3948 E Mercer Ln is a home located in Maricopa County with nearby schools including Mercury Mine Elementary School, Shea Middle School, and Shadow Mountain High School.

Last Agent to Sell the Property

Danny Perkinson

Perk Prop Real Estate License #BR626253000 Listed on: 07/09/2015

Co-Listed By

Nicholas Mowery

Compass License #SA571444000

Last Buyer's Agent

Kevin Weil

RE/MAX Excalibur License #SA502994000

RE/MAX Excalibur

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1961

Lot Details

  • 7,999 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Corner Lot
  • Backyard Sprinklers

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Schools

  • Mercury Mine Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Cavalier Estates Amd Subdivision

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 166-45-039

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,079

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Cross Street: 40TH STREET & MERCER(SHEA & CACTUS)
  • Legal Info Range: 3E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2014
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2014
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2014
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1961
  • Tax Year: 2014
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: grst01
  • Co List Office Phone: 602-714-7000
  • Subdivision Name: CAVALIER ESTATES AMD
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, No Interior Steps, 3/4 Bath Master Bdrm, Granite Counters
  • Living Area: 1776.0
  • Stories: 1
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Disposal2: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Cook Top Elec: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Lot Features: Sprinklers In Rear, Corner Lot, Desert Front
  • Pool Features: None
  • View: Mountain(s)
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:No Fees: Yes

Schools

  • Elementary School: Mercury Mine Elementary School
  • High School: Shadow Mountain High School
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7999.0
  • Parcel #: 166-45-039
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1079.0
  • Tax Book Number: 166.00
  • Tax Lot: 39
  • Tax Map Number: 45.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2018
Closed on
May 15, 2018
Sold by
Kozak Debra L
Bought by
Kozak David
Seller's Agent
Kevin Weil
RE/MAX Excalibur
Buyer's Agent
Janine Brown
HomeSmart
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%
Current Estimated Value
$582,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,960
Avg. Annual Appreciation
8.71%
Original Mortgage
$252,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2018
Closed on
May 8, 2018
Sold by
3948 East Mercer Lane Llc
Bought by
Kozak David
Seller's Agent
Kevin Weil
RE/MAX Excalibur
Buyer's Agent
Janine Brown
HomeSmart
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2016
Closed on
Nov 1, 2016
Sold by
Peric Christopher Kihei
Bought by
3948 East Mercer Lane Llc
Seller's Agent
Laina Pippett
Rentals America
Buyer's Agent
Brandon Slevin
Real Broker
Sold Price
$1,675

Purchase Details

Listed on
Jul 9, 2015
Closed on
Jul 14, 2015
Sold by
Chester Robert L
Bought by
Peric Christopher Kihei
Seller's Agent
Danny Perkinson
Perk Prop Real Estate
Buyer's Agent
Kevin Weil
RE/MAX Excalibur
List Price
$325,000
Sold Price
$291,000
Premium/Discount to List
-$34,000
-10.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$232,800
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2014
Sold by
Mcmurray David P
Bought by
Chester Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2000
Sold by
Graber Barbara L and Daizadeh Barbara Louise
Bought by
Mcmurray David P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,250
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 1997
Sold by
Reich Melvin L and Reich Mary A
Bought by
Daizadeh Barbara Louise
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed $315,000 Old Republic Title Agency
Quit Claim Deed -- None Available
Special Warranty Deed $291,000 Security Title Agency Inc
Warranty Deed $190,000 Grand Canyon Title Agency In
Warranty Deed $125,000 Stewart Title & Trust
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $252,000 New Conventional
Previous Owner $232,800 New Conventional
Previous Owner $189,000 New Conventional
Previous Owner $121,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $315,000 0.0% $177 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
04/10/2018 04/10/18 Price Changed $314,900 -1.6% $177 / Sq Ft
03/12/2018 03/12/18 For Sale $319,900 0.0% $180 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/18/2018 02/18/18 For Sale $319,900 0.0% $180 / Sq Ft
12/01/2016 12/01/16 Rented $1,675 0.0% --
11/28/2016 11/28/16 Under Contract -- -- --
10/19/2016 10/19/16 Price Changed $1,675 -2.6% $1 / Sq Ft
10/13/2016 10/13/16 Price Changed $1,720 -1.4% $1 / Sq Ft
09/28/2016 09/28/16 For Rent $1,745 0.0% --
07/16/2015 07/16/15 Sold $291,000 -10.5% $164 / Sq Ft
07/09/2015 07/09/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $325,000 -- $183 / 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 $1,438 $17,045 -- --
2024 $1,405 $16,234 -- --
2023 $1,405 $36,350 $7,270 $29,080
2022 $1,392 $27,830 $5,560 $22,270
2021 $1,415 $25,070 $5,010 $20,060
2020 $1,367 $24,110 $4,820 $19,290
2019 $1,373 $21,780 $4,350 $17,430
2018 $1,323 $20,660 $4,130 $16,530
2017 $1,484 $19,120 $3,820 $15,300
2016 $1,459 $18,820 $3,760 $15,060
2015 $1,351 $17,250 $3,450 $13,800
Source: Public Records

Agents Affiliated with this Home

  • Kevin Weil

    Seller's Agent in 2018

    Kevin Weil

    RE/MAX

    (602) 793-7492

    1 in this area

    144 Total Sales

    Kevin Weil
    Section Image
  • Christa Weil

    Seller Co-Listing Agent in 2018

    Christa Weil

    RE/MAX

    1 in this area

    126 Total Sales

    Christa Weil
    Section Image

  • J

    Buyer's Agent in 2018

    Janine Brown

    HomeSmart

    (602) 568-1054

    11 Total Sales

    Janine Brown
    Section Image

  • L

    Seller's Agent in 2016

    Laina Pippett

    Rentals America

    (480) 374-5500

    Laina Pippett
    Section Image
  • Brandon Slevin

    Buyer's Agent in 2016

    Brandon Slevin

    Real Broker

    (602) 348-1437

    1 in this area

    31 Total Sales

    Brandon Slevin
    Section Image
  • Danny Perkinson

    Seller's Agent in 2015

    Danny Perkinson

    Perk Prop Real Estate

    (480) 247-1153

    89 Total Sales

    Danny Perkinson
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5305019

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-45-039

Arizona Maricopa County Phoenix 85028 Paradise Valley Village

3948 E Mercer Ln, Phoenix, AZ

This home is located at 3948 E Mercer Ln, Phoenix, AZ 85028 and is currently priced at $291,000, approximately $163 per square foot. This property was built in 1961. 3948 E Mercer Ln is a home located in Maricopa County with nearby schools including Mercury Mine Elementary School, Shea Middle School, and Shadow Mountain 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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