Seller's Agent in 2021
Susan Hernandez
HomeSmart
(480) 600-9930
6 in this area
69 Total Sales
5640 S Montezuma St Phoenix, AZ 85041
South Mountain NeighborhoodEstimated Value: $602,000 - $644,000
Studio
--
Bath
2,632
Sq Ft
$238/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of December 2021Property must be purchased with adjacent properties at 5632 and 5646 S Montezuma. These Baseline Corridor Four-Plexes, built in 1963-1964, are single-story buildings with 12 two bedroom/one bath units. Each are on individual parcels with large lots with mature irrigated landscape. In excellent condition, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015, new parking lot and almost half of the units have new ACs. This is a great opportunity for an investor to purchase 12 units with residential financing in a high rental demand area. The area offers easy access to multiple employment opportunities, retail, and the light rail will be completed in the next couple of years.
Last Agent to Sell the Property
HomeSmart License #BR564506000 Listed on: 10/12/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $946
Year Built
- Built in 1964
Lot Details
- 0.34
Home Design
- Foam Roof
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
- On-Street Parking
Schools
- Sunland Elementary Middle School
- South Mountain High School
Utilities
- Central Air
- Heating Available
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 113-39-015-C
Community Details
Overview
- 4 Units
- Building Dimensions are 14,810 SF
Building Details
- Operating Expense $5,721
- Gross Income $30,102
- Net Operating Income $22,471
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2021
Closed on
Dec 20, 2021
Sold by
Falewicz Criag
Bought by
5632 5646 S Montezuma St Llc
Seller's Agent
Susan Hernandez
HomeSmart
Buyer's Agent
Julia Kovalyova
Realty ONE Group
List Price
$640,000
Sold Price
$566,666
Premium/Discount to List
-$73,334
-11.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,001
Avg. Annual Appreciation
2.33%
Purchase Details
Closed on
Feb 6, 2021
Sold by
Falewicz Craig
Bought by
Montezuma One Llc
Purchase Details
Closed on
Sep 10, 2015
Sold by
Ashurt Nshe
Bought by
Falewicz Craig
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,600
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 27, 2015
Sold by
Gha Assets Llc
Bought by
Nshe Ashurst Llc
Purchase Details
Closed on
Sep 12, 2013
Sold by
Brouse Olver
Bought by
Gha Assets Llc
Purchase Details
Listed on
Jan 27, 2012
Closed on
Jun 5, 2012
Sold by
Brouse Victoria
Bought by
Brouse Oliver
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%
Original Mortgage
$90,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 10, 2011
Sold by
5640 Montezuma Llc
Bought by
Takada Property 1 Llc
Purchase Details
Closed on
Jun 17, 2009
Sold by
Kato Ken
Bought by
5640 Montezuma Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2009
Sold by
Aurora Loan Services Llc
Bought by
Kato Ken
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 11, 2008
Sold by
Lemons Ward and Lemons Lisa
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Apr 28, 2005
Sold by
Matthews William D and Matthews Christina M
Bought by
Lemons Ward and Lemons Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5632 5646 S Montezuma St Llc | $1,700,000 | First American Title Ins Co | |
| Montezuma One Llc | -- | None Available | |
| Falewicz Craig | $178,000 | Old Republic Title Agency | |
| Nshe Ashurst Llc | $506,500 | Fidelity Natl Title Agency | |
| Gha Assets Llc | -- | None Available | |
| Brouse Oliver | -- | Chicago Title | |
| Brouse Oliver | $120,000 | Chicago Title | |
| Takada Property 1 Llc | $192,000 | Empire West Title Agency | |
| 5640 Montezuma Llc | -- | Great American Title Agency | |
| Kato Ken | -- | Great American Title Agency | |
| Kato Ken | $45,000 | Lsi Title Agency Inc | |
| Aurora Loan Services Llc | $122,320 | None Available | |
| Lemons Ward | $235,000 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Falewicz Craig | $124,600 | |
| Previous Owner | Brouse Oliver | $90,000 | |
| Previous Owner | Kato Ken | $25,000 | |
| Previous Owner | Lemons Ward | $188,000 | |
| Closed | Lemons Ward | $47,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/21/2021 12/21/21 | Sold | $566,666 | -5.6% | $215 / Sq Ft | |
| 10/19/2021 10/19/21 | Price Changed | $600,000 | -6.3% | $228 / Sq Ft | |
| 10/12/2021 10/12/21 | For Sale | $640,000 | +433.3% | $243 / Sq Ft | |
| 06/14/2012 06/14/12 | Sold | $120,000 | -11.1% | $195 / Sq Ft | View Prior Sale |
| 04/16/2012 04/16/12 | Pending | -- | -- | -- | |
| 01/27/2012 01/27/12 | For Sale | $135,000 | -- | $220 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $999 | $6,628 | -- | -- |
| 2024 | $946 | $6,312 | -- | -- |
| 2023 | $946 | $35,420 | $7,080 | $28,340 |
| 2022 | $927 | $24,770 | $4,950 | $19,820 |
| 2021 | $946 | $20,770 | $4,150 | $16,620 |
| 2020 | $934 | $17,760 | $3,550 | $14,210 |
| 2019 | $904 | $16,030 | $3,200 | $12,830 |
| 2018 | $880 | $11,680 | $2,330 | $9,350 |
| 2017 | $838 | $10,830 | $2,160 | $8,670 |
| 2016 | $797 | $9,450 | $1,890 | $7,560 |
| 2015 | $751 | $7,600 | $1,520 | $6,080 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Hernandez
-
Julia Kovalyova
Buyer's Agent in 2021
Julia Kovalyova
Realty One Group
(520) 437-1838
3 in this area
43 Total Sales
-
Terry Kass
Seller's Agent in 2012
Terry Kass
Coldwell Banker Commercial Realty
(602) 330-2525
21 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6306359
APN: 113-39-015C
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.
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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