NOT LISTED FOR SALE

4005 S 24th Place Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $481,487 - $619,000

-- Bed
-- Bath
2,520 Sq Ft
$218/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $316,000 $125 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,184/month

15 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2020

Duplex available in Phoenix. 4 bed 2 bath with tenants in place. Currently leased through April of 2021. Great cash flowing asset to add to your portfolio. Low maintenance exterior with no deferred maintenance. Property is professionally managed. Tenants love these units. Under current market, value add upon renewal.

Last Agent to Sell the Property

Michael Hatch

Realty ONE Group License #SA660779000 Listed on: 08/19/2020

Co-Listed By

Max Dewitt

Realty ONE Group License #SA652423000

Last Buyer's Agent

Robert Tolnai

Best Homes Real Estate License #SA529823000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,194

Year Built

  • Built in 2003

Lot Details

  • 7,536

Parking

  • Assigned Parking

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Schools

  • Roosevelt Elementary School
  • Phoenix Union - Wilson College Preparatory High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 122-21-100

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7541
  • Peila Homes Subdivision

Building Details

  • Operating Expense $1,194
  • Gross Income $24,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,194

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: 24th St and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R35
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2019
  • Directions: Take 24th St North 3 streets. Right Turn at E. Jones to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog02
  • Co List Office Phone: 480-321-8100
  • Subdivision Name: PEILA HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, <1 Space Per Unit
  • Attached Garage: No
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • 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

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: Phoenix Union - Wilson College Preparatory
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Roosevelt Elementary School

Lot Info

  • Lot Size: 7541
  • Additional Parcels: No
  • Parcel #: 122-21-100

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 24468.0
  • Annual Operating Expense: 1194.0

Tax Info

  • Tax Annual Amount: 1194.0
  • Tax Book Number: 122.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Vantran Allen
Bought by
4005 S 24Th Pl Az Llc
Total Days on Market
15
Current Estimated Value
$548,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Outstanding Balance
$336,797
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$208,021

Purchase Details

Closed on
Jan 30, 2024
Sold by
Four Seasons Rental Properties Llc
Bought by
Vantran Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Outstanding Balance
$336,797
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$208,021

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 15, 2020
Sold by
Vantran Allen
Bought by
Four Seasons Rental Properties Llc
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Robert Tolnai
Best Homes Real Estate
List Price
$325,000
Sold Price
$316,000
Premium/Discount to List
-$9,000
-2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%
Original Mortgage
$237,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2013
Sold by
Paper Holdings Llc
Bought by
Trendy Investments Llc

Purchase Details

Closed on
Mar 8, 2013
Sold by
Preferred Property Inc
Bought by
Paper Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,818
Interest Rate
3.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 14, 2011
Sold by
Heritage Equity Investments Llc
Bought by
Preferred Property Inc

Purchase Details

Closed on
Apr 21, 2010
Sold by
Preferred Property Inc
Bought by
Advance Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,481
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2010
Sold by
Preferred Property Inc
Bought by
Heritage Equity Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,481
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2009
Sold by
Miaa 44 Enterprises Llc
Bought by
Preferred Property Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,481
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 20, 2009
Sold by
Sharp Greg
Bought by
Miaa 44 Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,481
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 13, 2005
Sold by
Sharp Theresa
Bought by
Sharp Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 9, 2005
Sold by
Sharp Greg
Bought by
Aaa Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2005
Sold by
Sharp Theresa
Bought by
Sharp Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2005
Sold by
Cole Theophilus Ted
Bought by
Sharp Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2003
Sold by
Kensington Holdings Llc
Bought by
Cole Theophilus Ted

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2002
Sold by
Consolidated Property Investments Corp I
Bought by
Kensington Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.6%

Purchase Details

Closed on
Jun 14, 2002
Sold by
Unten John E and Unten Janet R
Bought by
Consolidated Property Investments Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.6%
Source: Public Records

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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
4005 S 24Th Pl Az Llc -- --
Vantran Allen -- Great American Title Agency
Four Seasons Rental Properties Llc -- Accommodation
Vantran Allen $316,000 Great American Title Agency
Trendy Investments Llc -- None Available
Paper Holdings Llc -- None Available
Preferred Property Inc -- None Available
Preferred Property Inc -- None Available
Advance Holdings Llc -- None Available
Heritage Equity Investments Llc -- None Available
Preferred Property Inc -- None Available
Miaa 44 Enterprises Llc $64,198 None Available
Sharp Greg -- Ticor Title Co Of California
Sharp Greg -- Ticor Title Co Of California
Aaa Developers Llc -- Chicago Title Insurance Co
Sharp Greg -- Chicago Title Insurance Co
Sharp Greg $185,000 Chicago Title Insurance Co
Cole Theophilus Ted $187,500 Tsa Title Agency
Kensington Holdings Llc -- Century Title Agency
Consolidated Property Investments Corp $16,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vantran Allen $340,900
Previous Owner Vantran Allen $237,000
Previous Owner Paper Holdings Llc $138,818
Previous Owner Advance Holdings Llc $65,481
Previous Owner Advance Holdings Llc $65,481
Previous Owner Sharp Greg $144,000
Previous Owner Aaa Developers Llc $45,000
Previous Owner Sharp Greg $45,000
Previous Owner Sharp Greg $45,000
Previous Owner Cole Theophilus Ted $15,000
Previous Owner Kensington Holdings Llc $109,000
Previous Owner Consolidated Property Investments Corp $16,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $316,000 -2.8% $125 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $325,000 0.0% $129 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $325,000 -- $129 / 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 $1,286 $8,753 -- --
2024 $1,249 $8,336 -- --
2023 $1,249 $39,380 $7,870 $31,510
2022 $1,224 $24,660 $4,930 $19,730
2021 $1,249 $20,000 $4,000 $16,000
2020 $1,234 $18,030 $3,600 $14,430
2019 $1,194 $16,560 $3,310 $13,250
2018 $1,161 $13,760 $2,750 $11,010
2017 $1,107 $11,300 $2,260 $9,040
2016 $1,053 $9,950 $1,990 $7,960
2015 $991 $7,960 $1,590 $6,370
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Hatch

    Realty One Group

    (480) 788-8038

    2 in this area

    37 Total Sales

    Michael Hatch
    Section Image
  • Max Dewitt

    Seller Co-Listing Agent in 2020

    Max Dewitt

    Realty One Group

    (602) 725-0604

    9 in this area

    243 Total Sales

    Max Dewitt
    Section Image
  • Robert Tolnai

    Buyer's Agent in 2020

    Robert Tolnai

    Best Homes Real Estate

    (602) 516-5360

    7 in this area

    124 Total Sales

    Robert Tolnai
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6119718

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-21-100

Arizona Maricopa County Phoenix 85040 South Mountain

4005 S 24th Place, Phoenix, AZ

This home is located at 4005 S 24th Place, Phoenix, AZ 85040 since 19 August 2020 and is currently estimated at $548,122, approximately $217 per square foot. This property was built in 2003. 4005 S 24th Place is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain 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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