NOT LISTED FOR SALE

6720 E Monterey Way Scottsdale, AZ 85251

South Scottsdale Neighborhood

Estimated Value: $842,000 - $1,223,126

1 Bed
4 Baths
1,440 Sq Ft
$728/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $395,000 $274 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $5,899/month

87 Days on Market

Highlights

  • Central Air
  • Tavan Elementary School Rated A
  • Heating Available

About This Home

As of December 2017

Great cash producing 4-plex in a desirable Scottsdale area near Old Town and Scottsdale Mall. Great long term tenants with rents as follows: A- $595 B- $600 C- $650 D- $695. Separate space for coin-op laundry room.
No FHA buyers. CASH or Conventional only.

Back on Market - Previous buyer couldn't secure their financing.

Last Agent to Sell the Property

James Miller

Dave Johnson Realty License #SA655143000 Listed on: 08/19/2017

Co-Listed By

David Johnson

Dave Johnson Realty License #BR626902000

Last Buyer's Agent

Amir Dorn

HomeSmart License #BR637991000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,144

Year Built

  • Built in 1960

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 74
  • Assessor Parcel Number 130-47-118

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9026
  • Holiday Park Subdivision

Building Details

  • Operating Expense $5,104
  • Gross Income $30,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,144

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd and 68th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 2
  • Year Built: 1960
  • Tax Year: 2016
  • Directions: From Thomas Rd go North on 68th St. West on Cherry Lynn Rd, North on 67 Pl, West on Earll Drive to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Co List Office Mls Id: dajo001
  • Co List Office Phone: 480-332-3262
  • Subdivision Name: HOLIDAY PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: 9026
  • Additional Parcels: No
  • Parcel #: 130-47-118

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30780.0
  • Annual Operating Expense: 5104.0

Tax Info

  • Tax Annual Amount: 1144.0
  • Tax Book Number: 130.00
  • Tax Lot: 74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2017
Closed on
Dec 12, 2017
Sold by
Bolen Christopher R and Bolen Mysha A
Bought by
Mehrnia Sanam
Seller's Agent
James Miller
Dave Johnson Realty
Buyer's Agent
Amir Dorn
HomeSmart
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%
Current Estimated Value
$1,048,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,375
Avg. Annual Appreciation
14.23%
Original Mortgage
$56,800
Outstanding Balance
$48,376
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,034,463

Purchase Details

Listed on
Aug 19, 2017
Closed on
Dec 11, 2017
Sold by
Needham Bradley
Bought by
Mehrnia Sanam
Seller's Agent
James Miller
Dave Johnson Realty
Buyer's Agent
Amir Dorn
HomeSmart
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Outstanding Balance
$48,376
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,034,463

Purchase Details

Listed on
Mar 19, 2013
Closed on
Jun 26, 2013
Sold by
Rymar Investments Llc
Bought by
Bolen Christopher R and Bolen Mysha A
Seller's Agent
Colleen Marotta
DPR Realty LLC
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$259,000
Sold Price
$230,000
Premium/Discount to List
-$29,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$172,500
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 19, 2013
Closed on
Jun 18, 2013
Sold by
Ryan Robert
Bought by
Rymar Investments Llc
Seller's Agent
Colleen Marotta
DPR Realty LLC
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$259,000
Sold Price
$230,000
Premium/Discount to List
-$29,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 19, 2013
Closed on
May 14, 2013
Sold by
Ryan Kathleen Brennan and Ryan Robert
Bought by
Ryan Robert
Seller's Agent
Colleen Marotta
DPR Realty LLC
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$259,000
Sold Price
$230,000
Premium/Discount to List
-$29,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 9, 2012
Closed on
Nov 12, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ryan Robert
Seller's Agent
Judy Berry
J L Berry Company
Buyer's Agent
Colleen Marotta
DPR Realty LLC
List Price
$174,900
Sold Price
$165,000
Premium/Discount to List
-$9,900
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.29%

Purchase Details

Closed on
Jul 27, 2012
Sold by
Kass Caroline Lisa
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 14, 2005
Sold by
Lutgens Brett
Bought by
Kass Caroline Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2005
Sold by
Maguire James Patrick
Bought by
Breaux Josh and Breaux Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2002
Sold by
Ashcroft Alan and Ashcroft Nancy
Bought by
Maguire James Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2001
Sold by
Vance James W
Bought by
Ashcroft Alan and Ashcroft Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 1999
Sold by
Veneciano Elena H
Bought by
Vance James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1994
Sold by
Oaks Cary J and Oaks Karen L
Bought by
Veneciano Elena H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
8.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 17, 1994
Sold by
Drew Brian D
Bought by
Oaks Cary J and Oaks Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
8.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mehrnia Sanam $395,000 Greystone Title Agency Llc
Mehrnia Sanam -- Greystone Title Agency Llc
Bolen Christopher R $230,000 First American Title Ins Co
Rymar Investments Llc -- First American Title Ins Co
Ryan Robert -- First American Title Ins Co
Ryan Robert -- None Available
Federal Home Loan Mortgage Corporation $165,879 Security Title Agency
Kass Caroline Lisa -- Stewart Title & Trust Of Pho
Kass Caroline Lisa $399,000 Stewart Title & Trust Of Pho
Breaux Josh $345,000 Chicago Title Insurance Co
Maguire James Patrick $220,000 First American Title Ins Co
Ashcroft Alan $195,000 Capital Title Agency Inc
Vance James W $130,000 North American Title Agency
Veneciano Elena H $72,500 United Title Agency
Oaks Cary J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehrnia Sanam $56,800
Previous Owner Bolen Christopher R $172,500
Previous Owner Kass Caroline Lisa $319,200
Previous Owner Breaux Josh $264,000
Previous Owner Maguire James Patrick $22,500
Previous Owner Maguire James Patrick $191,250
Previous Owner Ashcroft Alan $156,000
Previous Owner Vance James W $104,000
Previous Owner Veneciano Elena H $7,500
Closed Ashcroft Alan $29,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $395,000 -1.3% $274 / Sq Ft
11/11/2017 11/11/17 Pending -- -- --
11/01/2017 11/01/17 For Sale $400,000 0.0% $278 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $400,000 +73.9% $278 / Sq Ft
06/28/2013 06/28/13 Sold $230,000 -11.2% $160 / Sq Ft
05/15/2013 05/15/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $259,000 +57.0% $180 / Sq Ft
11/28/2012 11/28/12 Sold $165,000 -5.7% $115 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
08/07/2012 08/07/12 For Sale $174,900 -- $121 / 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 $1,310 $18,857 -- --
2024 $1,298 $17,959 -- --
2023 $1,298 $67,800 $13,560 $54,240
2022 $1,225 $47,910 $9,580 $38,330
2021 $1,303 $40,130 $8,020 $32,110
2020 $1,292 $33,610 $6,720 $26,890
2019 $1,256 $26,700 $5,340 $21,360
2018 $1,212 $24,180 $4,830 $19,350
2017 $1,164 $22,610 $4,520 $18,090
2016 $1,144 $20,210 $4,040 $16,170
2015 $1,088 $18,720 $3,740 $14,980
Source: Public Records

Agents Affiliated with this Home

  • James Miller

    Seller's Agent in 2017

    James Miller

    Dave Johnson Realty

    (480) 369-4618

    69 Total Sales

    James Miller
    Section Image

  • D

    Seller Co-Listing Agent in 2017

    David Johnson

    Dave Johnson Realty

    (520) 906-8111

    54 Total Sales

    David Johnson
    Section Image

  • A

    Buyer's Agent in 2017

    Amir Dorn

    HomeSmart

    (480) 217-1118

    3 in this area

    10 Total Sales

    Amir Dorn
    Section Image

  • C

    Seller's Agent in 2013

    Colleen Marotta

    DPR Realty

    (602) 565-9970

    10 Total Sales

    Colleen Marotta
    Section Image
  • Judy Berry

    Seller's Agent in 2012

    Judy Berry

    J L Berry Company

    (602) 380-5171

    27 Total Sales

    Judy Berry
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5648835

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-118

Arizona Maricopa County Scottsdale 85251 South Scottsdale

6720 E Monterey Way, Scottsdale, AZ

This home is located at 6720 E Monterey Way, Scottsdale, AZ 85251 since 19 August 2017 and is currently estimated at $1,048,375, approximately $728 per square foot. This property was built in 1960. 6720 E Monterey Way is a home located in Maricopa County with nearby schools including Tavan Elementary School, Ingleside Middle School, and Arcadia 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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