NOT LISTED FOR SALE

715 E Mobile Ln Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $438,294 - $643,000

1 Bed
7 Baths
545 Sq Ft
$979/Sq Ft Est. Value

Last Sold June 14, 2017

Last sale price $380,000 $697 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,981/month

83 Days on Market

Highlights

  • Community Playground
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of June 2017

Welcome to your newest investment! Beautifully remodeled apartments, all full of renters! Everything in this complex is either brand new or nicely updated! **Supplemental Upgrade List in Additional Documents**. 6 our of the 7 units have long term leases in place. There are very low costs and expenses because of the updates done on the property. The work has been done here. Just make us an offer and see the cash flow in!

Last Agent to Sell the Property

zach blauvelt

My Home Group Real Estate License #BR652152000 Listed on: 02/08/2017

My Home Group Real Estate

Last Buyer's Agent

Sarah Reiter

Argo Real Estate License #SA627709000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1973

Lot Details

  • 0.35

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Assigned Parking

Additional Features

  • Additional Parcels
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 113-48-026

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 120x128
  • Roeser Homes Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $13,287
  • Gross Income $267,006,588
  • Net Operating Income $36,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Broadway and 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 3
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: From Broadway and 7th St, go South on 7th to Mobile Ln, East to property on the right side.
  • Road Surface Type: Asphalt
  • Subdivision Name: ROESER HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 5400.0

Lot Info

  • Lot Size: 120x128
  • Additional Parcels: Yes
  • Parcel #: 113-48-026

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 267006588.0
  • Insurance Expense: 1282.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 36730.0
  • Annual Operating Expense: 13287.0
  • Vacancy Allowance Rate: 5000.0

Tax Info

  • Tax Annual Amount: 1605.0
  • Tax Book Number: 113.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2021
Sold by
Bruggman Tyler
Bought by
Tb Real Estate Llc
Current Estimated Value
$533,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$299,062
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$234,262

Purchase Details

Closed on
May 4, 2021
Sold by
Wiin Llc
Bought by
Vive Ama Rie 2019 Trust and Pereyra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$299,062
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$234,262

Purchase Details

Closed on
Jun 15, 2020
Sold by
Seven Doors Llc
Bought by
Pereyra Amanda and The Vive Ama Rie 2019 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2020
Sold by
Seven Door Llc
Bought by
Win Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2019
Sold by
Pereyra Amanda
Bought by
Seven Doors Llc

Purchase Details

Closed on
Sep 7, 2018
Sold by
Wiin Llc
Bought by
Peryra Amanda

Purchase Details

Listed on
Feb 8, 2017
Closed on
Jun 13, 2017
Sold by
Jv Casa West Llc
Bought by
Seven Door Llc
Seller's Agent
zach blauvelt
My Home Group Real Estate
Buyer's Agent
Sarah Reiter
Argo Real Estate
List Price
$419,000
Sold Price
$380,000
Premium/Discount to List
-$39,000
-9.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%
Original Mortgage
$243,750
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 10, 2016
Sold by
Jj Canty Enterprises Llc
Bought by
Jv Casa West Llc

Purchase Details

Closed on
Jul 6, 2016
Sold by
Rose Pond Llc
Bought by
Jj Canty Enterprises Llc

Purchase Details

Closed on
Jul 29, 2010
Sold by
Tnt Management Llc
Bought by
Rose Pond Llc

Purchase Details

Closed on
Jan 26, 2010
Sold by
Rose Pond Llc
Bought by
Tnt Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2001
Sold by
Federico Joseph
Bought by
Federico Adele L

Purchase Details

Closed on
Nov 27, 2000
Sold by
Klink Marianne
Bought by
Klink William D

Purchase Details

Closed on
Apr 3, 1998
Sold by
Juarez Robert A and Juarez Betty
Bought by
Remer Irvin
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 Buyer Sale Price Title Company
Tb Real Estate Llc -- Accommodation
Bruggman Tyler $440,000 East Title Agency
Vive Ama Rie 2019 Trust -- East Title
Pereyra Amanda -- Driggs Title Agency Inc
Win Llc -- Driggs Title Agency Inc
Seven Doors Llc -- None Available
Peryra Amanda $280,387 Chicago Title Agency Inc
Seven Door Llc $380,000 Lawyers Title
Jv Casa West Llc $244,000 Chicago Title Agency Inc
Jj Canty Enterprises Llc $230,000 Chicago Title Agency
Rose Pond Llc -- Security Title Agency Inc
Tnt Management Llc $230,000 Security Title Agency
Federico Adele L -- Security Title Agency
Federico Adele L $213,000 Security Title Agency
Klink William D -- --
Klink Kevin A $207,500 --
Remer Irvin $81,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruggman Tyler $330,000
Previous Owner Pereyra Amanda $287,000
Previous Owner Seven Door Llc $243,750
Previous Owner Tnt Management Llc $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2017 06/14/17 Sold $380,000 -8.4% $697 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
03/27/2017 03/27/17 Price Changed $414,900 -1.0% $761 / Sq Ft
02/08/2017 02/08/17 For Sale $419,000 -- $769 / 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 $1,967 $13,392 -- --
2024 $1,911 $12,755 -- --
2023 $1,911 $31,910 $6,380 $25,530
2022 $1,873 $22,670 $4,530 $18,140
2021 $1,911 $20,010 $4,000 $16,010
2020 $1,887 $15,020 $3,000 $12,020
2019 $1,826 $13,880 $2,770 $11,110
2018 $1,770 $18,300 $3,660 $14,640
2017 $1,687 $15,850 $3,170 $12,680
2016 $1,605 $13,610 $2,720 $10,890
2015 $1,511 $10,500 $2,100 $8,400
Source: Public Records

Agents Affiliated with this Home

  • z

    Seller's Agent in 2017

    zach blauvelt

    My Home Group

    (480) 722-9800

    8 Total Sales

    zach blauvelt
    Section Image

  • S

    Buyer's Agent in 2017

    Sarah Reiter

    Argo Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5558495

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-48-026

Arizona Maricopa County Phoenix 85040 South Mountain

715 E Mobile Ln, Phoenix, AZ

This home is located at 715 E Mobile Ln, Phoenix, AZ 85040 since 08 February 2017 and is currently estimated at $533,324, approximately $978 per square foot. This property was built in 1973. 715 E Mobile Ln is a home located in Maricopa County with nearby schools including Irene Lopez School, South Mountain High School, and Phoenix Coding Academy.

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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