NOT LISTED FOR SALE

4535 E Mercer Ln Phoenix, AZ 85028

Paradise Valley Neighborhood

Estimated Value: $868,000 - $1,199,023

3 Beds
2.5 Baths
2,074 Sq Ft
$471/Sq Ft Est. Value

Last Sold June 24, 2014

Last sale price $351,010 $169 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $5,690/month

10 Days on Market

Highlights

  • Private Pool
  • 0.53 Acre Lot
  • Private Yard
  • Sequoya Elementary School Rated A
  • Santa Fe Architecture
  • No HOA

About This Home

As of June 2014

What a location what an opportunity. 3 bedroom 2.5 bath single level, territorial style home located on nearly 1/2 an acre. Very workable floor plan with living room, dining room, family room and breakfast area. Fireplace, pool, side entry 2 car garage. The home does need some TLC and that is what makes this such a great opportunity, especially in this location. Purchase this home with as little as 5% down! Approved for Home Path Renovation Mortgage financing. Restrictions may apply.

Last Listed By

Jerry A. Humphrey

Weichert, Realtors - Courtney Valleywide License #BR007018000 Listed on: 04/23/2014

Weichert, Realtors - Courtney Valleywide

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1971

Lot Details

  • 0.53 Acre Lot
  • Desert faces the front of the property
  • Wood Fence
  • Block Wall Fence
  • Backyard Sprinklers
  • Private Yard
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Santa Fe Architecture
  • Fixer Upper
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,074 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Eat-In Kitchen

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Outdoor Features

  • Private Pool
  • Covered patio or porch
  • Fire Pit

Location

  • Property is near a bus stop

Schools

  • Sequoya Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Gerald Estates 2 Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 167-72-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,881

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Tatum & Shea
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1971
  • Tax Year: 2013
  • Directions: West on Shea, North on 46th Street, West on Mercer.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.53
  • Subdivision Name: Gerald Estates 2
  • Architectural Style: Territorial/Santa Fe
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Concrete
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Fire Pit, Family Room
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, 3/4 Bath Master Bdrm, High Speed Internet
  • Living Area: 2074.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Fireplace:Firepit: Yes

Exterior Features

  • Fencing: Block, Wood
  • Exterior Features: Circular Drive, Covered Patio(s), Private Yard
  • Lot Features: Sprinklers In Rear, Desert Front, Grass Back
  • Pool Features: Private
  • Pool Private: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Block
  • Property Condition: Fixer
  • Roof: Built-Up
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • 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

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Sequoya Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22976.0
  • Parcel #: 167-72-018
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1880.56
  • Tax Book Number: 167.00
  • Tax Lot: 16
  • Tax Map Number: 72.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2014
Closed on
Jun 5, 2014
Sold by
Fannie Mae
Bought by
Dearing Robert J and Dearing Linnea Dearing
Seller's Agent
Jerry A. Humphrey
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Mary Murphy
HomeSmart
List Price
$345,000
Sold Price
$351,010
Premium/Discount to List
$6,010
1.74%
Total Days on Market
10
Current Estimated Value
$976,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,246
Avg. Annual Appreciation
9.46%
Original Mortgage
$266,400
Outstanding Balance
$205,269
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$737,130

Purchase Details

Closed on
Oct 17, 2013
Sold by
Schumacher Robert C
Bought by
Federal National Morgage Association

Purchase Details

Closed on
Oct 3, 2002
Sold by
Schumacher Angela M
Bought by
Schumacher Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.05%

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
Dearing Robert J $351,010 Servicelink
Federal National Morgage Association $384,264 Great American Title Agency
Schumacher Robert C -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dearing Ann L $100,000
Open Dearing Robert J $266,400
Previous Owner Schumacher Robert C $45,350
Previous Owner Schumacher Robert C $359,650
Previous Owner Schumacher Robert C $32,500
Previous Owner Schumacher Robert C $260,000
Previous Owner Schumacher Robert C $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2014 06/24/14 Sold $351,010 +1.7% $169 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
04/23/2014 04/23/14 For Sale $345,000 -- $166 / 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 $2,695 $39,641 -- --
2024 $2,614 $37,753 -- --
2023 $2,614 $59,680 $11,930 $47,750
2022 $2,518 $44,910 $8,980 $35,930
2021 $2,647 $39,230 $7,840 $31,390
2020 $2,605 $37,820 $7,560 $30,260
2019 $2,517 $37,780 $7,550 $30,230
2018 $2,437 $33,100 $6,620 $26,480
2017 $2,312 $31,600 $6,320 $25,280
2016 $2,249 $30,800 $6,160 $24,640
2015 $2,068 $30,820 $6,160 $24,660
Source: Public Records

Agents Affiliated with this Home

  • Jerry A. Humphrey

    Seller's Agent in 2014

    Jerry A. Humphrey

    Weichert, Realtors - Courtney Valleywide

    (480) 688-3888

    32 Total Sales

    Jerry A. Humphrey
    Section Image
  • Mary Murphy

    Buyer's Agent in 2014

    Mary Murphy

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5105559

Arizona Regional Multiple Listing Service (ARMLS)

APN: 167-72-018

Arizona Maricopa County Phoenix 85028 Paradise Valley

4535 E Mercer Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 4535 E Mercer Ln, Phoenix, AZ 85028 since 23 April 2014 and is currently estimated at $976,256, approximately $470 per square foot. This property was built in 1971. 4535 E Mercer Ln is a home located in Maricopa County with nearby schools including Sequoya Elementary School, Cocopah Middle School, and Chaparral 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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