$2,700,000
SOLD APR 14, 2025
-- Bed
-- Bath
2,668 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$1,012 Per Sq Ft

16% Below List Price

32 Days on Market

Highlights

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

About This Home

As of April 2025

Three fourplexes located next to each other. 7238, 7240, and 7302 E Belleview Street.
Property consists of 9 1bed/1bath and 3 2bed/1bath units with varying levels of renovations. Fully occupied property with value add opportunities. Please reach out for more information.

Last Agent to Sell the Property

Jackson Everhart

Orion Investment Real Estate License #SA689433000 Listed on: 02/10/2025

Last Buyer's Agent

Cody Leslie

Orion Investment Real Estate License #SA712178000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $925

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 163
  • Assessor Parcel Number 131-38-005-B

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 21060
  • New Papago Parkway 9 Subdivision

Building Details

  • Operating Expense $925
  • Gross Income $163,400
  • Net Operating Income $137,574

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$925

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road and McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Directions: East of Scottsdale on E. Belleview.
  • Road Surface Type: Asphalt
  • Subdivision Name: NEW PAPAGO PARKWAY 9
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 21060
  • Additional Parcels: Yes
  • Parcel #: 131-38-005-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Annual Gross Income: 163400.0
  • Property Net Operating Income: 137574.0
  • Annual Operating Expense: 925.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 925.0
  • Tax Book Number: 131.00
  • Tax Lot: 163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 11, 2025
Sold by
Pmrlg Enterprises 1 Llc
Bought by
Victor Jin Revocable Family Trust and Jin
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Cody Leslie
Orion Investment Real Estate
List Price
$3,200,000
Sold Price
$2,700,000
Premium/Discount to List
-$500,000
-15.62%
Views
13
Current Estimated Value
$2,037,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$662,500
Avg. Annual Appreciation
-42.22%

Purchase Details

Listed on
May 10, 2013
Closed on
Jun 20, 2013
Sold by
Robinson George Ryan and Ledohowski Lea Joel
Bought by
Seventy Two Forty Llc
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Kyle Bates
Real Broker
List Price
$177,000
Sold Price
$175,000
Premium/Discount to List
-$2,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.07%
Original Mortgage
$87,500
Interest Rate
3.48%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 2013
Sold by
Community Services Of Arizona Inc
Bought by
Robison George Ryan and Ledohowski Lea Joel

Purchase Details

Closed on
Mar 1, 2013
Sold by
Ledohowski Lea Joel
Bought by
Robison George Ryan

Purchase Details

Closed on
Mar 13, 2007
Sold by
Kucera Greg
Bought by
Community Services Of Arizona Inc

Purchase Details

Closed on
Aug 18, 2005
Sold by
Kargozar David
Bought by
Kucera Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,700
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2004
Sold by
Mara Gilmore and Mara Jiji Anne
Bought by
Kargozar David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2003
Sold by
Wagner Robert and Wagner Gerry
Bought by
Mara Gilmore and Mara Jiji Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,800
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2002
Sold by
Attili Crystal
Bought by
Wagner Robert E and Wagner Gerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2001
Sold by
Meier Ramon and Meier Ruth
Bought by
Attili Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,800
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $2,700,000 Commonwealth Land Title
Warranty Deed $175,000 Driggs Title Agency Inc
Cash Sale Deed $144,000 American Title Service Agenc
Interfamily Deed Transfer -- American Title Service Agenc
Warranty Deed $335,000 Transnation Title Ins Co
Warranty Deed $321,000 --
Warranty Deed $262,500 Capital Title Agency Inc
Warranty Deed $222,000 Capital Title Agency Inc
Warranty Deed $181,000 Security Title Agency
Warranty Deed $163,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $87,500 Seller Take Back
Previous Owner $3,000,000 Unknown
Previous Owner $224,700 Purchase Money Mortgage
Previous Owner $157,500 New Conventional
Previous Owner $199,800 New Conventional
Previous Owner $144,000 New Conventional
Previous Owner $145,800 New Conventional
Closed $78,700 No Value Available
Closed $80,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $2,700,000 -9.8% $1,012 / Sq Ft
02/20/2025 02/20/25 Price Changed $2,995,000 -6.4% $1,123 / Sq Ft
02/10/2025 02/10/25 For Sale $3,200,000 +1728.6% $1,199 / Sq Ft
06/26/2013 06/26/13 Sold $175,000 -1.1% $66 / Sq Ft
06/06/2013 06/06/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $177,000 -- $66 / 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 $925 $13,490 -- --
2024 $915 $12,848 -- --
2023 $915 $69,650 $13,930 $55,720
2022 $867 $50,010 $10,000 $40,010
2021 $920 $40,510 $8,100 $32,410
2020 $912 $37,410 $7,480 $29,930
2019 $882 $32,110 $6,420 $25,690
2018 $854 $26,160 $5,230 $20,930
2017 $819 $22,820 $4,560 $18,260
2016 $804 $17,420 $3,480 $13,940
2015 $765 $16,550 $3,310 $13,240
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6818217

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-38-005B