NOT LISTED FOR SALE

4224 S 24th St Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $588,000 - $641,000

-- Bed
-- Bath
2,960 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $500,000 $169 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,397/month

3 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2021

Wow! Investor special! Remodeled Phoenix 4 plex ready to be leased out for immediate cash flow! Gorgeous phoenix 2/1 units with like wood plank flooring throughout, updated kitchens, fresh neutral paint, spacious over sized upper bedrooms, washer/dryer hookups, premium corner lot, nearby by schools, off street parking, mountain views, great location and more!

Last Agent to Sell the Property

Dominic Arnold

AZ Prime Property Management License #BR639934000 Listed on: 06/12/2021

Last Buyer's Agent

Keith Grayson

Grayson Real Estate License #BR636932000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $896

Year Built

  • Built in 1961

Lot Details

  • 7,318

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Roosevelt Elementary School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 122-35-055

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Alicia 3 Subdivision

Building Details

  • Operating Expense $896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$896

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: NORTH OF BROADWAY/22ND PLACE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2020
  • Road Surface Type: Dedicated Street
  • Subdivision Name: ALICIA 3
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Stone, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • 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

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • 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:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Roosevelt Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 122-35-055

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 896.0

Tax Info

  • Tax Annual Amount: 896.0
  • Tax Book Number: 122.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Jul 19, 2021
Sold by
Fritkot Llc
Bought by
Martin Capital Management Llc
Seller's Agent
Dominic Arnold
AZ Prime Property Management
Buyer's Agent
Keith Grayson
Grayson Real Estate
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$609,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,224
Avg. Annual Appreciation
2.91%
Original Mortgage
$425,000
Outstanding Balance
$401,421
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$160,719

Purchase Details

Closed on
Mar 9, 2018
Sold by
Immo Global Llc
Bought by
Fritkot Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2018
Sold by
Xcaret Apartments Llc
Bought by
Immo Global Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2008
Sold by
Flores Gregorio Lopez and Lopez Greg
Bought by
Xcaret Apartments Llc

Purchase Details

Closed on
Jan 4, 2002
Sold by
Joksimovich Gordon
Bought by
Lopez Gregorio F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,800
Interest Rate
11.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 1996
Sold by
Norwest Bank Arizona Na
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 1996
Sold by
Weinman Susan
Bought by
Norwest Bank Arizona Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
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
Martin Capital Management Llc $500,000 Chicago Title Agency
Fritkot Llc $340,000 Security Title Agency Inc
Immo Global Llc $200,000 Security Title Agency Inc
Xcaret Apartments Llc -- None Available
Lopez Gregorio F -- Grand Canyon Title Agency In
Joksimovich Gordon $50,000 Security Title
Austin Funding Inc $35,000 Security Title Agency
Norwest Bank Arizona Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Capital Management Llc $425,000
Previous Owner Immo Global Llc $160,000
Previous Owner Lopez Gregorio F $109,800
Previous Owner Joksimovich Gordon $35,000
Previous Owner Austin Funding Inc $20,000
Closed Austin Funding Inc $10,000
Closed Lopez Gregorio F $6,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $500,000 -4.8% $169 / Sq Ft
07/23/2021 07/23/21 For Sale $525,000 0.0% $177 / Sq Ft
07/13/2021 07/13/21 For Sale $525,000 0.0% $177 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $525,000 -- $177 / 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 $933 $6,354 -- --
2024 $907 $6,051 -- --
2023 $907 $43,510 $8,700 $34,810
2022 $889 $27,720 $5,540 $22,180
2021 $907 $21,960 $4,390 $17,570
2020 $896 $18,680 $3,730 $14,950
2019 $866 $13,370 $2,670 $10,700
2018 $843 $9,820 $1,960 $7,860
2017 $804 $9,100 $1,820 $7,280
2016 $764 $8,300 $1,660 $6,640
2015 $720 $6,820 $1,360 $5,460
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dominic Arnold

    AZ Prime Property Management

    (480) 449-6632

    11 in this area

    129 Total Sales

    Dominic Arnold
    Section Image
  • Keith Grayson

    Buyer's Agent in 2021

    Keith Grayson

    Grayson Real Estate

    (602) 418-0350

    1 in this area

    40 Total Sales

    Keith Grayson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6249898

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-35-055

Arizona Maricopa County Phoenix 85040 South Mountain

4224 S 24th St, Phoenix, AZ

This home is located at 4224 S 24th St, Phoenix, AZ 85040 since 12 June 2021 and is currently estimated at $609,224, approximately $205 per square foot. This property was built in 1961. 4224 S 24th St 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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