NOT LISTED FOR SALE

509 E Belmont Ave Phoenix, AZ 85020

Alhambra Neighborhood

Estimated Value: $1,218,000 - $1,362,000

5 Beds
4.5 Baths
3,168 Sq Ft
$413/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $1,000,000 $316 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,323/month

125 Days on Market

Highlights

  • Guest House
  • Private Pool
  • Two Primary Bathrooms
  • Madison Richard Simis School Rated A-
  • Solar Power System
  • Contemporary Architecture

About This Home

As of December 2022

Welcome to Palm Heights! This 5 bedroom 4.5 bathroom home with a separate guest house and pool is located in desirable North Central Phoenix and is situated on over a quarter acre irrigated lot. Upgraded throughout, this home is a mix of elegance and charm and is great for entertaining. Split primary bedroom w/ gorgeous upgraded spa like bathroom. Large second bedroom w/ an ensuite bathroom perfect for extended family, live-ins.. Permitted guest house w/ separate AC, plumbing, electrical can be a pool house, home office, work out room, man cave or she shed. Pebble tec pool with grotto waterfall. Back yard with separate areas for entertainiing, BBQ's and relaxing by the gas firepits. The possibilities are endless! Madison school district, nearby shopping & easy access to the 51 & 101.

Last Agent to Sell the Property

Justin Korenblitt

HomeSmart License #SA640897000 Listed on: 07/08/2022

HomeSmart

Co-Listed By

Cindy Rango

HomeSmart License #BR502546000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,298

Year Built

  • Built in 1948

Lot Details

  • 0.26 Acre Lot
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,168 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Pool Updated in 2021
  • Private Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Madison #1 Middle Elementary School
  • Madison Meadows Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Mini Split Heat Pump
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Solar Power System
  • Guest House
  • Flood Irrigation

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Palm Heights 2 Subdivision

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 160-38-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,298

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Cross Street: 7th St & Northern
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2017
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2017
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2017
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2017
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2021
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1948
  • Tax Year: 2021
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.26
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: PALM HEIGHTS 2
  • Architectural Style: Contemporary
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 315.66
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Construction Brick: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, 2 Master Baths, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Living Area: 3168.0
  • Stories: 1
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio, Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back, Irrigation Front, Irrigation Back, Flood Irrigation
  • Pool Features: Private
  • Pool Private: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Brick, Frame - Wood
  • Other Structures: Guest House
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

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

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Mini Split, Electric, Natural Gas
  • Security: Security System Leased, Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • 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 Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Madison #1 Middle School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11134.0
  • Parcel #: 160-38-024
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNK

Tax Info

  • Tax Annual Amount: 5298.0
  • Tax Book Number: 160.00
  • Tax Lot: 14
  • Tax Map Number: 38.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Dec 14, 2022
Sold by
Ghazi-Askar Ahmad A and Anushka Tanya
Bought by
Joost Martin R and Husted Courtney
Seller's Agent
Justin Korenblitt
HomeSmart
Buyer's Agent
Linda Patterson
West USA Realty
List Price
$1,350,000
Sold Price
$1,000,000
Premium/Discount to List
-$350,000
-25.93%
Views
8
Current Estimated Value
$1,307,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,892
Avg. Annual Appreciation
9.14%
Original Mortgage
$800,000
Outstanding Balance
$773,129
Interest Rate
6.51%
Mortgage Type
New Conventional
Estimated Equity
$534,763

Purchase Details

Listed on
Feb 5, 2017
Closed on
May 24, 2017
Sold by
Jbm Holdings Llc
Bought by
Ghazi Askar Ahmad A and Kinra Anushka Tanya
Seller's Agent
Byron Applegate
Pivotal Real Estate Solutions, LLC
Buyer's Agent
Hilary Sutter
My Home Group Real Estate
List Price
$725,000
Sold Price
$680,000
Premium/Discount to List
-$45,000
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$544,000
Interest Rate
4.08%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 31, 2015
Sold by
Stenger Ralph Edmund and Stenger April Marie
Bought by
Jbm 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
$409,402
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joost Martin R $1,000,000 Old Republic Title
Ghazi Askar Ahmad A $680,000 Pioneer Title Agency Inc
Jbm Holdings Llc $397,000 Fidelity Natl Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joost Martin R $800,000
Previous Owner Ghazi Askar Ahmad A $544,000
Previous Owner Jbm Holdings Llc $409,402
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2022 12/15/22 Sold $1,000,000 -8.7% $316 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/27/2022 10/27/22 Price Changed $1,095,000 -8.4% $346 / Sq Ft
09/12/2022 09/12/22 Price Changed $1,195,000 -6.3% $377 / Sq Ft
07/15/2022 07/15/22 Price Changed $1,275,000 -5.6% $402 / Sq Ft
07/08/2022 07/08/22 For Sale $1,350,000 +98.5% $426 / Sq Ft
05/26/2017 05/26/17 Sold $680,000 -6.2% $215 / Sq Ft View Prior Sale
04/06/2017 04/06/17 Pending -- -- --
02/04/2017 02/04/17 For Sale $725,000 -- $229 / 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 $5,896 $49,861 -- --
2024 $5,427 $47,486 -- --
2023 $5,427 $86,430 $17,280 $69,150
2022 $5,247 $64,050 $12,810 $51,240
2021 $5,298 $59,450 $11,890 $47,560
2020 $4,481 $49,750 $9,950 $39,800
2019 $4,379 $44,730 $8,940 $35,790
2018 $4,264 $42,410 $8,480 $33,930
2017 $3,854 $35,230 $7,040 $28,190
2016 $4,239 $31,060 $6,210 $24,850
2015 $3,456 $28,820 $5,760 $23,060
Source: Public Records

Agents Affiliated with this Home

  • Justin Korenblitt

    Seller's Agent in 2022

    Justin Korenblitt

    HomeSmart

    (602) 478-6582

    1 in this area

    8 Total Sales

    Justin Korenblitt
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Cindy Rango

    HomeSmart

  • L

    Buyer's Agent in 2022

    Linda Patterson

    West USA Realty

    (602) 418-4313

    2 in this area

    106 Total Sales

    Linda Patterson
    Section Image

  • B

    Seller's Agent in 2017

    Byron Applegate

    Pivotal Real Estate Solutions, LLC

  • Hilary Sutter

    Buyer's Agent in 2017

    Hilary Sutter

    My Home Group

    (480) 201-2963

    3 in this area

    170 Total Sales

    Hilary Sutter
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6430781

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-38-024

Arizona Maricopa County Phoenix 85020 Alhambra

509 E Belmont Ave, Phoenix, AZ

Not Listed for Sale

Detached

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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