NOT LISTED FOR SALE

Estimated Value: $346,000 - $462,000

0.18 Acre
$2,153,356 Price per Acre
7,666 Sq Ft Lot

Last Sold March 13, 2015

Last sale price $38,500

Est. 907% increase in value since last sale

Current estimated payment $2,174/month

5 Days on Market

About This Lot

As of March 2015

Owner/Agent. This is a great lot, ready to be built on. It has all the right zoning. It is Multi Family, Medium Density. It is right in the middle of phoenix, with great freeway access, and very close to the airport.

Last Agent to Sell the Property

Eric Millsap

HomeSmart License #SA652625000 Listed on: 02/13/2015

HomeSmart

Last Buyer's Agent

Lee Mashburn

Mashburn Real Estate Services License #BR008040000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $225

Lot Details

  • 7,666 Sq Ft Lot
  • Property is zoned M-M

Eco-Friendly Details

  • North or South Exposure

Community Details

  • No Home Owners Association
  • Lancaster Manors Subdivision

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 125-32-061-A

Property Details

Property Type

Land

Est. Annual Taxes

$225

Lot Details

0

Listing Details

  • Cross Street: 40th St and Van Buren
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Zoning: M-M
  • Tax Year: 2014
  • Lot Size Acres: 0.18
  • Road Surface Type: Curb(s) & Gutter(s)
  • Subdivision Name: Lancaster Manors
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Lot Features: North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: None
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 132*60
  • Lot Size Sq Ft: 7666.0
  • Additional Parcels: No
  • Parcel #: 125-32-061-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 224.92
  • Tax Book Number: 125.00
  • Tax Lot: 60
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2016
Sold by
Habitat For Humanity Central Arizona
Bought by
Guta Sinke Tafa and Aligel Assefa Regassa
Current Estimated Value
$387,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$111,703
Interest Rate
3.73%
Mortgage Type
Seller Take Back
Estimated Equity
$275,901

Purchase Details

Listed on
Feb 13, 2015
Closed on
Mar 11, 2015
Sold by
Millsap Eric
Bought by
Habitat For Humanity Central Arizona
Seller's Agent
Eric Millsap
HomeSmart
Buyer's Agent
Lee Mashburn
Mashburn Real Estate Services
List Price
$44,900
Sold Price
$38,500
Premium/Discount to List
-$6,400
-14.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.39%

Purchase Details

Closed on
Dec 16, 2011
Sold by
Uphoff Carl E
Bought by
Millsap Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
3.93%
Mortgage Type
Seller Take Back
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
Guta Sinke Tafa $155,000 Pioneer Title Agency Inc
Habitat For Humanity Central Arizona $38,500 Pioneer Title Agency Inc
Millsap Eric $10,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guta Sinke Tafa $140,000
Previous Owner Millsap Eric $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2015 03/13/15 Sold $38,500 -14.3% --
02/18/2015 02/18/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $44,900 -- --
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 $1,335 $12,722 -- --
2024 $1,322 $12,116 -- --
2023 $1,322 $31,800 $6,360 $25,440
2022 $1,271 $22,380 $4,470 $17,910
2021 $1,309 $23,150 $4,630 $18,520
2020 $1,283 $23,610 $4,720 $18,890
2019 $1,280 $19,580 $3,910 $15,670
2018 $1,198 $14,170 $2,830 $11,340
2017 $1,144 $11,330 $2,260 $9,070
2016 $258 $14,640 $14,640 $0
2015 $259 $2,919 $2,919 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5236354

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-32-061A