NOT LISTED FOR SALE

720 E Siesta Dr Phoenix, AZ 85042

South Mountain Neighborhood

Estimated Value: $440,000 - $496,370

-- Bed
-- Bath
2,630 Sq Ft
$182/Sq Ft Est. Value

Last Sold November 12, 2024

Last sale price $506,000 $192 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,634/month

15 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

Investor Delight! This property is a 4-plex consisting of three 1 bedroom/1 bath units, and one 2 bedroom/1bath unit. All block construction with great rental potential. Ample parking spaces as well as lots of on-street parking. Great potential. Must see!

Last Agent to Sell the Property

James Diller

Real Broker License #BR681830000 Listed on: 09/03/2024

Real Broker

Last Buyer's Agent

James Diller

Real Broker License #BR681830000 Listed on: 09/03/2024

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,455

Year Built

  • Built in 1960

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 17
  • Assessor Parcel Number 300-76-017

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100.98 x 125.89 x 100.99 x 125.89
  • Country Club Villa Subdivision

Building Details

  • Operating Expense $1,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,455

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Baseline Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: COUNTRY CLUB VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: SRP
  • Cooling: 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

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 100.98 x 125.89 x 100.99 x 125.89
  • Additional Parcels: No
  • Parcel #: 300-76-017

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 4
  • Annual Operating Expense: 1455.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1455.0
  • Tax Book Number: 300.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Nov 14, 2024
Sold by
Khasim Richard and Khasim Liliana
Bought by
Rk And Lk Revocable Living Trust and Khasim
Seller's Agent
James Diller
Real Broker
Buyer's Agent
James Diller
Real Broker
List Price
$449,900
Sold Price
$506,000
Premium/Discount to List
$56,100
12.47%
Views
15
Current Estimated Value
$478,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,657
Avg. Annual Appreciation
-4.94%
Original Mortgage
$379,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2024
Closed on
Oct 28, 2024
Sold by
Sfr Rs Owner Lp
Bought by
Khasim Richard and Khasim Liliana
Seller's Agent
James Diller
Real Broker
Buyer's Agent
James Diller
Real Broker
List Price
$449,900
Sold Price
$506,000
Premium/Discount to List
$56,100
12.47%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2024
Closed on
Oct 21, 2024
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp
Seller's Agent
James Diller
Real Broker
Buyer's Agent
James Diller
Real Broker
List Price
$449,900
Sold Price
$506,000
Premium/Discount to List
$56,100
12.47%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2021
Sold by
Rs Phoenix Owner Lp
Bought by
Star 2021-Sfr1 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,524,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 22, 2019
Closed on
Jul 23, 2019
Sold by
Shfpcc Llc
Bought by
Rs Phoenix Owner Lp
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Scott Graden
GNS Realty- AZ, LLC
List Price
$280,000
Sold Price
$260,000
Premium/Discount to List
-$20,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%

Purchase Details

Closed on
Apr 4, 2013
Sold by
Cianey George Victor and Claney Charles G
Bought by
Shfpcc Llc

Purchase Details

Closed on
Jun 1, 2001
Sold by
Vip Construction Inc
Bought by
Srader Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
7.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rk And Lk Revocable Living Trust -- None Listed On Document
Rk And Lk Revocable Living Trust -- None Listed On Document
Khasim Richard $506,000 Stewart Title
Khasim Richard $506,000 Stewart Title
Sfr Rs Owner Lp $7,272,000 Essex Title Llc
Sfr Rs Owner Lp $7,272,000 Essex Title Llc
Star 2021-Sfr1 Borrower Lp -- New Title Company Name
Rs Phoenix Owner Lp $260,000 Premier Title Agency
Shfpcc Llc -- None Available
Srader Linda $42,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khasim Richard $379,500
Previous Owner Star 2021-Sfr1 Borrower Lp $312,524,000
Previous Owner Srader Linda $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2024 11/12/24 Sold $506,000 +1.2% $192 / Sq Ft
11/01/2024 11/01/24 Price Changed $499,900 0.0% $190 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/17/2024 09/17/24 Pending -- -- --
09/13/2024 09/13/24 Price Changed $499,900 +11.1% $190 / Sq Ft
09/03/2024 09/03/24 For Sale $449,900 +73.0% $171 / Sq Ft
07/30/2019 07/30/19 Sold $260,000 -7.1% $99 / Sq Ft View Prior Sale
01/18/2019 01/18/19 For Sale $280,000 -- $106 / 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 $1,538 $10,197 -- --
2024 $1,455 $9,712 -- --
2023 $1,455 $38,030 $7,600 $30,430
2022 $1,426 $24,530 $4,900 $19,630
2021 $1,455 $22,680 $4,530 $18,150
2020 $1,437 $18,170 $3,630 $14,540
2019 $1,391 $16,710 $3,340 $13,370
2018 $1,353 $13,470 $2,690 $10,780
2017 $1,290 $9,910 $1,980 $7,930
2016 $1,227 $10,220 $2,040 $8,180
2015 $1,155 $8,170 $1,630 $6,540
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James Diller

    Real Broker

    Section Image
  • Sophia Baron

    Seller's Agent in 2019

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    77 Total Sales

    Sophia Baron
    Section Image
  • Joshua Willets

    Seller Co-Listing Agent in 2019

    Joshua Willets

    Grace CRE

    (561) 473-4477

    26 Total Sales

    Joshua Willets
    Section Image
  • Scott Graden

    Buyer's Agent in 2019

    Scott Graden

    GNS Realty- AZ, LLC

    (480) 868-2946

    20 Total Sales

    Scott Graden
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6751968

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-76-017

Arizona Maricopa County Phoenix 85042 South Mountain

720 E Siesta Dr, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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