NOT LISTED FOR SALE

7225 E Belleview St Scottsdale, AZ 85257

South Scottsdale Neighborhood

Estimated Value: $890,560 - $1,566,000

-- Bed
-- Bath
2,655 Sq Ft
$439/Sq Ft Est. Value

Last Sold February 17, 2012

Last sale price $268,000 $101 Per Sq Ft

Est. 335% increase in value since last sale

Current estimated payment $6,310/month

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Individual Controls for Heating
  • Ceramic Tile Flooring

About This Home

As of February 2012

WOW, A TRADITIONAL SALE - NOT A SHORT SALE OR BANK OWNED! 8 UNITS (TWO 4PLEXS ON ONE PARCEL) JOINED BY A BREEZE WAY AND LAUNDRY ROOM. TWO 2BDRM/1BA UNITS AND SIX 1BDRM/1BA UNITS. GOOD RENTAL AREA DUE TO LOCATION. WALK TO SKYSONG, SHOPPING, PUBLIC TRANSPORTATION. CLOSE TO ASU AND FREEWAY ACCESS.

Last Agent to Sell the Property

Karin Noffsinger

HomeSmart License #SA096004101 Listed on: 01/13/2012

HomeSmart

Last Buyer's Agent

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000

Coldwell Banker Commercial Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,551

Year Built

  • Built in 1962

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 175
  • Assessor Parcel Number 131-38-017

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 0.3 ACRES
  • New Papago Parkway Unit 9 Subdivision

Building Details

  • Operating Expense $9,571
  • Gross Income $76
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,551

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: SCOTTSDALE RD & MCDOWELL RD
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5, M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2011
  • Directions: S ON SCOTTSDALE RD. TO BELLEVIEW, E ON BELLEVIEW TO PROPERTY ON RIGHT (S SIDE).
  • Road Surface Type: Dedicated Street, Sidewalk(s)
  • Subdivision Name: NEW PAPAGO PARKWAY UNIT 9
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, 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: Free, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 0.3 ACRES
  • Additional Parcels: No
  • Parcel #: 131-38-017

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 960.0
  • Annual Gross Income: 76.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 1560.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 9571.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1551.0
  • Tax Book Number: 131.00
  • Tax Lot: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2012
Closed on
Feb 14, 2012
Sold by
Mancilla Ubaldo
Bought by
Robinson George Ryan and Ledohowski Lea Joel
Seller's Agent
Karin Noffsinger
HomeSmart
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$275,000
Sold Price
$268,000
Premium/Discount to List
-$7,000
-2.55%
Current Estimated Value
$1,165,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$897,187
Avg. Annual Appreciation
11.39%

Purchase Details

Closed on
Oct 8, 2002
Sold by
Anderman William H and Anderman Jean A
Bought by
Mancilla Ubaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 3, 1997
Sold by
Jose Raul
Bought by
Anderman William H and Anderman Jean A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.45%
Mortgage Type
Seller Take Back
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
Robinson George Ryan $268,000 First American Title Ins Co
Mancilla Ubaldo $330,000 Old Republic Title Agency
Anderman William H $200,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mancilla Ubaldo $30,000
Previous Owner Anderman William H $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2012 02/17/12 Sold $268,000 -2.5% $101 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $275,000 -- $104 / 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 $1,578 $23,009 -- --
2024 $1,561 $21,913 -- --
2023 $1,561 $119,850 $23,970 $95,880
2022 $1,479 $85,430 $17,080 $68,350
2021 $1,569 $68,920 $13,780 $55,140
2020 $1,556 $63,850 $12,770 $51,080
2019 $1,504 $55,130 $11,020 $44,110
2018 $1,457 $44,900 $8,980 $35,920
2017 $1,397 $38,560 $7,710 $30,850
2016 $1,371 $30,260 $6,050 $24,210
2015 $1,304 $29,000 $5,800 $23,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Karin Noffsinger

    HomeSmart

    Section Image
  • Terry Kass

    Buyer's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4701211

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-38-017

Arizona Maricopa County Scottsdale 85257 South Scottsdale

7225 E Belleview St, Scottsdale, AZ

This home is located at 7225 E Belleview St, Scottsdale, AZ 85257 since 13 January 2012 and is currently estimated at $1,165,187, approximately $438 per square foot. This property was built in 1962. 7225 E Belleview St is a home located in Maricopa County with nearby schools including Yavapai Elementary School, Tonalea Middle School, and Coronado 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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