NOT LISTED FOR SALE

7101 E Wilshire Dr Scottsdale, AZ 85257

South Scottsdale Neighborhood
10 Beds
10 Baths
2,086 Sq Ft
1960 Built

Last Sold October 16, 2013

Last sale price $402,000 $193 Per Sq Ft

24 Days on Market

Highlights

  • 10 Car Attached Garage
  • Central Air
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

As of October 2013

Great outlook for development over the next 10 years in South Scottsdale & the Mcdowell Corridor.
Cash flow off the bat with a value add opportunity. All units are 2BR/1.5BA with vaulted ceilings and ceramic tile throughout. Private carport for each unit. http://www.azcentral.com/community/scottsdale/articles/20130814scottsdale-mcdowell-road-corridor-rebirth-is-primary-goal.html

Last Agent to Sell the Property

Zach Molbreak

ZRM Real Estate License #BR625048000 Listed on: 08/17/2013

Last Buyer's Agent

Dorothy Howerton

DPR Realty LLC License #SA110067000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,892

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Car Attached Garage
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 129-05-002-C

Community Details

Overview

  • 5 Units
  • Building Dimensions are 25483

Building Details

  • Operating Expense $12,442
  • Gross Income $43,409
  • Net Operating Income $32,522

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,892

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Scottsdale & Thomas Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2012
  • Directions: South on Scottsdale Rd to Virginia Ave, West on Virginia Ave, Take the 1st Left on 71st Pl and follow to Wilshire
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2600.0
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail, Attached, 1 Space/Unit, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 500.0
  • Annual Water Sewer Expense: 2025.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 25483
  • Additional Parcels: No
  • Parcel #: 129-05-002-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 5
  • Electric Expense: 525.0
  • Annual Gross Income: 43409.3
  • Insurance Expense: 2500.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 32521.78
  • Annual Operating Expense: 12442.22
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1892.22
  • Tax Book Number: 129.00
  • Tax Lot: n/a

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2013 10/16/13 Sold $402,000 -2.0% $193 / Sq Ft
09/10/2013 09/10/13 Pending -- -- --
08/17/2013 08/17/13 For Sale $410,000 -- $197 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2013

    Zach Molbreak

    ZRM Real Estate

    Section Image

  • D

    Buyer's Agent in 2013

    Dorothy Howerton

    DPR Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4985179

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Scottsdale 85257 South Scottsdale

7101 E Wilshire Dr, Scottsdale, AZ

This home is located at 7101 E Wilshire Dr, Scottsdale, AZ 85257 since 17 August 2013. This property was built in 1960. 7101 E Wilshire Dr is a home located in Maricopa County with nearby schools including Tonalea Middle School, Coronado High School, and Hirsch Academy A Challenge Foundation.

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

Nearby Homes