Seller's Agent in 2021
Tom Palestina
ABI Multifamily
(602) 714-1400
1 in this area
41 Total Sales
5646 S 8th St Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $498,768
6
Beds
4
Baths
1,247
Sq Ft
$400/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of September 20214 Units, Built in 1940 & 1960, Garden-Style Property. Unit Mix Consists of (1) 3-Bed / 1-Bath Patio Home (1) 1- Bed / 1 Bath Patio Home & (2) 1-Bed / 1-Bath Units. Great Value-Add Opportunity Through Interior & Exterior Renovations. Property Has Easy access to Phoenix Sky Harbor AirPort and is Minutes from Salt River, I-17 Freeway, & Hayden Park.
Last Agent to Sell the Property
ABI Multifamily License #SA688331000 Listed on: 07/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $814
Year Built
- Built in 1960
Lot Details
- 10,019
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 6
- Assessor Parcel Number 113-57-009
Community Details
Overview
- 3 Buildings
- 4 Units
- Building Dimensions are 2,393
- Brookside Acres Subdivision
Building Details
- Operating Expense $814
- Gross Income $95
- Net Operating Income $25,469
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2021
Closed on
Sep 14, 2021
Sold by
Verma Ajay
Bought by
Seyna Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Nure Elatari
eXp Realty
List Price
$540,000
Sold Price
$485,000
Premium/Discount to List
-$55,000
-10.19%
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
$13,768
Avg. Annual Appreciation
0.65%
Original Mortgage
$409,500
Outstanding Balance
$372,058
Interest Rate
2.7%
Mortgage Type
Construction
Estimated Equity
$126,710
Purchase Details
Closed on
May 25, 2021
Sold by
Hartwick Scott L and Hendrix Patti L
Bought by
Verma Ajay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
2.9%
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 |
|---|---|---|---|
| Seyna Llc | $485,000 | American Title Svc Agcy Llc | |
| Verma Ajay | $380,000 | American Title Svc Agcy Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Seyna Llc | $409,500 | |
| Previous Owner | Verma Ajay | $304,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2021 09/15/21 | Sold | $485,000 | -8.5% | $389 / Sq Ft |
| 08/27/2021 08/27/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | Price Changed | $530,000 | -1.9% | $425 / Sq Ft |
| 07/01/2021 07/01/21 | For Sale | $540,000 | -- | $433 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $892 | $5,918 | -- | -- |
| 2024 | $845 | $5,636 | -- | -- |
| 2023 | $845 | $32,120 | $6,420 | $25,700 |
| 2022 | $806 | $21,910 | $4,380 | $17,530 |
| 2021 | $824 | $18,270 | $3,650 | $14,620 |
| 2020 | $814 | $15,960 | $3,190 | $12,770 |
| 2019 | $787 | $14,730 | $2,940 | $11,790 |
| 2018 | $766 | $10,850 | $2,170 | $8,680 |
| 2017 | $726 | $9,530 | $1,900 | $7,630 |
| 2016 | $690 | $7,720 | $1,540 | $6,180 |
| 2015 | $648 | $6,510 | $1,300 | $5,210 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Palestina
-
Bryce Neagle
Seller Co-Listing Agent in 2021
Bryce Neagle
ABI Multifamily
(602) 714-1400
1 in this area
30 Total Sales
-
Nure Elatari
Buyer's Agent in 2021
Nure Elatari
eXp Realty
(480) 270-5355
2 in this area
23 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6258542
APN: 113-57-009
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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