$117,900
SOLD APR 27, 2012

5725 S 32nd Ln Unit 1 Phoenix, AZ 85041

Laveen Neighborhood
4 Beds
3 Baths
2,230 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

6% Below List Price

70 Days on Market

Highlights

  • Transportation Service
  • City Lights View
  • Loft
  • Phoenix Coding Academy Rated A
  • Santa Fe Architecture
  • Corner Lot

About This Home

As of April 2012

TENANT OCCUPIED HOME, INVESTOR SPECIAL! TENANT PAYS $1,250/MONTH! Quick close possible. This 4 bedroom newly remodeled home has a large great room, a downstairs office (could be a 5th BR), and features newtile downstairs and upstairs in bathrooms. Larger 2,230 SF home priced at just $56/SF. New countertops and black appliances. This home is located in south Phoenix in a nice community of newer homes, and is right across the street from a park! Landscaping is low maintenance. Great location to schools and shopping. Perfect investment opportunity! After expenses a healthy return can be realized, the cap rate is 8.07% A Home Warranty is included!

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/02/2011

Co-Listed By

Mike Stohler

Leading Edge Real Estate LLC License #SA640553000

Last Buyer's Agent

Wade Denman

Denman Realty Group, L.L.C License #BR116073000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,979

Year Built

  • Built in 2005

Lot Details

  • Desert faces the front of the property
  • Desert Landscape
  • Corner Lot

Parking

  • 2 Car Garage

Property Views

  • City Lights
  • Mountain

Home Design

  • Santa Fe Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,230 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Loft
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom

Schools

  • Roosevelt Elementary School
  • Roosevelt Elementary Middle School
  • Phoenix Union Cyber High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Multiple Phone Lines
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a bus stop

Community Details

Overview

  • $1,105 per year Dock Fee
  • Association fees include common area maintenance
  • Built by DR HORTON

Amenities

  • Transportation Service

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,979

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Cross Street: Southern and 35th Ave
  • Legal Info Lot Number: 244
  • Legal Info Range: 2E
  • Legal Info Section: 26
  • Legal Info Township: 1N
  • Property Type: A
  • Unit Style: Two Levels
  • Technology: 3+ Exist Tele Lines, Cable TV Avail, High Speed Internet Available, Pre-Wire Sat Dish
  • Assessor Parcel Number: 263.00
  • Hndrd Blk Directionl: S
  • Hundred Block: 7600
  • Legal Description Abbrev: PARK MEADOWS UNIT 1
  • Type: ER
  • Ownership: Fee Simple
  • Architecture: Territorial/Santa Fe
  • Assessor Parcel Number: 105-68-263
  • HOA Association Fee: 51.00
  • HOA Paid Frequency: Monthly
  • HOA Fees: Y
  • Total Monthly Fee Equivalent: 51.00
  • Construction Finish: Stucco
  • Dwelling Type: Single Family - Detached
  • Encoded Features: 43RO2G
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2005
  • Map Code Grid: R33
  • Primary Bathroom Type: Full Bth Master Bdrm
  • Mfg Home Features: In Subdivision
  • Miscellaneous: Home Warranty
  • Numberof Interior Levels: 2
  • Parking Spaces Garage Spaces: 2.00
  • Parking Spaces Total Covered Spaces: 2.00
  • Price per Sq Ft: 52.86
  • Property Group Id: 19990816212109142258000000
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2005
  • Tax Year: 2011
  • Directions: East on Southern - North on 33rd Ave - West on Jessica Ln - North on 32nd Lane
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Features: 9+ Flat Ceilings
  • Bedrooms: 4
  • Bedrooms Plus: 6.00
  • Other Rooms: Loft
  • Bathrooms: 3.00
  • Laundry: Wshr/Dry HookUp Only
  • Flooring: Carpet, Vinyl
  • Fireplace: No Fireplace
  • Dining Area: Eat-in Kitchen
  • Estimated Lot Sq Ft: 4950.00
  • Estimated Sq Ft: 2230.00
  • Kitchen Features: Dishwasher, Kitchen Island, Pantry, Range/Oven Elec
  • Source Of Sq Ft: County Assessor

Exterior Features

  • Exterior Stories: 2
  • Landscaping: Desert Front, Yrd Wtring Sys Front
  • Roofing: Tile
  • Fencing: See Remarks
  • Construction: Frame - Wood
  • Exterior Features: Patio
  • Pool Private: No Pool
  • Flood Zone: Yes

Utilities

  • Water: City Water
  • Utilities: City Electric, SRP
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric

Condo/Co-op/Association

  • Community Features: Children's Playgrnd, Near Bus Stop, Transportation Svcs
  • Fee Include: Common Area Maint

Schools

  • Elementary School: Roosevelt Elementary School
  • Middle School: Roosevelt Elementary School
  • High School: Phoenix Union Cyber High School
  • Elementary School: Roosevelt Elementary School
  • High School: Phoenix Union Cyber High School
  • Jr High School: Roosevelt Elementary School

Lot Info

  • Property Description: City Light View(s), Corner Lot, Mountain View(s)

Building Info

  • Builder Name: DR HORTON

Tax Info

  • Taxes: 1104.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2011
Closed on
Apr 13, 2012
Sold by
Diamondback Investments Llc
Bought by
Pyle John
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Wade Denman
Denman Realty Group, L.L.C
List Price
$125,000
Sold Price
$117,900
Premium/Discount to List
-$7,100
-5.68%
Total Days on Market
70
Current Estimated Value
$423,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,545
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Oct 18, 2011
Sold by
The Bank Of New York Mellon
Bought by
Diamondback Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2011
Sold by
Abadalla Abay
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 18, 2005
Sold by
D R Horton Inc Dietz Crane
Bought by
Abdalla Abay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,045
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Type Sale Price Title Company
Cash Sale Deed $117,900 Empire West Title Agency
Special Warranty Deed $69,000 Fidelity Natl Title Ins Co
Trustee Deed $172,318 None Available
Corporate Deed $187,828 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $77,000 New Conventional
Previous Owner $95,000 Purchase Money Mortgage
Previous Owner $169,045 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2020 08/01/20 Rented $1,650 0.0% --
07/31/2020 07/31/20 Under Contract -- -- --
07/23/2020 07/23/20 For Rent $1,650 +4.8% --
07/19/2019 07/19/19 Rented $1,575 0.0% --
07/15/2019 07/15/19 Under Contract -- -- --
06/25/2019 06/25/19 For Rent $1,575 +58.3% --
11/01/2012 11/01/12 Rented $995 -5.2% --
10/25/2012 10/25/12 Under Contract -- -- --
09/21/2012 09/21/12 For Rent $1,050 0.0% --
04/27/2012 04/27/12 Sold $117,900 -5.7% $53 / Sq Ft
04/16/2012 04/16/12 Price Changed $125,000 0.0% $56 / Sq Ft
03/19/2012 03/19/12 Price Changed $125,000 0.0% $56 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
12/02/2011 12/02/11 For Sale $125,000 -- $56 / 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 $1,979 $13,471 -- --
2024 $1,922 $12,829 -- --
2023 $1,922 $27,820 $5,560 $22,260
2022 $1,884 $20,870 $4,170 $16,700
2021 $1,922 $19,680 $3,930 $15,750
2020 $1,899 $17,630 $3,520 $14,110
2019 $1,837 $15,630 $3,120 $12,510
2018 $1,788 $15,170 $3,030 $12,140
2017 $1,704 $13,380 $2,670 $10,710
2016 $1,620 $12,200 $2,440 $9,760
2015 $1,525 $10,470 $2,090 $8,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4689651

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-68-263