NOT LISTED FOR SALE

7241 E Belleview St Scottsdale, AZ 85257

South Scottsdale Neighborhood

Estimated Value: $1,561,560 - $1,834,000

16 Beds
-- Bath
2,640 Sq Ft
$634/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $800,000 $303 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $9,013/month

165 Days on Market

About This Home

As of April 2017

Prime location in Scottsdale and seller is motivated. This is a perfect value add project. All units are 2 bedroom 1 bath units. . Easily could raise rents once renovated. Block construction and has central air. On site laundry. This rehab was started and not complete. About 35% left new windows and floors most kitchens in but not finished. All facts and information is approximate buyer verify information.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/08/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Shane Anderson

Affinity Home Assets LLC License #SA648790000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,335

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Block Exterior

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 176
  • Assessor Parcel Number 131-38-018

Community Details

Overview

  • 2 Buildings
  • 9 Units
  • Building Dimensions are 100 FT X
  • New Papago Parkway 9 Subdivision

Building Details

  • Operating Expense $14,009
  • Gross Income $94,050
  • Net Operating Income $81,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,335

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: MF
  • Number Of Buildings: 2
  • Year Built: 1962
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: NEW PAPAGO PARKWAY 9
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 3000.0
  • Annual Water Sewer Expense: 2500.0

Lot Info

  • Lot Size: 100 FT X
  • Additional Parcels: Yes
  • Parcel #: 131-38-018

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 9
  • Electric Expense: 765.0
  • Annual Gross Income: 94050.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 81376.0
  • Annual Operating Expense: 14009.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1335.0
  • Tax Book Number: 131.00
  • Tax Lot: 176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2019
Sold by
Johnson Seth
Bought by
Belleview Investments Llc
Current Estimated Value
$1,674,520

Purchase Details

Listed on
Oct 8, 2016
Closed on
Apr 12, 2017
Sold by
Johnson Jennifer and Johnson Seth
Bought by
Johnson Seth and Johnson Jennifer
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Shane Anderson
Affinity Home Assets LLC
List Price
$900,000
Sold Price
$800,000
Premium/Discount to List
-$100,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%

Purchase Details

Listed on
Oct 8, 2016
Closed on
Apr 5, 2017
Sold by
Bellview Village Scottsdale Apts Llc
Bought by
Johnson Seth
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Shane Anderson
Affinity Home Assets LLC
List Price
$900,000
Sold Price
$800,000
Premium/Discount to List
-$100,000
-11.11%

Purchase Details

Listed on
Sep 18, 2015
Closed on
Sep 29, 2015
Sold by
Amon Kate B and Amon Lee
Bought by
Listyo Gondosinaryo
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.93%

Purchase Details

Closed on
Jul 7, 2011
Sold by
Amon Kate B and Amon Lee
Bought by
Amon Kate B and Amon Lee

Purchase Details

Closed on
Sep 18, 2007
Sold by
Amon Lee and Amon Kate Bernstein
Bought by
Amon Kate B and Amon Lee

Purchase Details

Closed on
Apr 12, 2005
Sold by
7241 E Belleview Street Lp
Bought by
Amon Lee and Amon Kate Bernstein

Purchase Details

Closed on
Apr 23, 2003
Sold by
Brueckman Carl and Brueckman Edeltrude
Bought by
7241 East Belleview Street Lp and Brueckman Carl

Purchase Details

Closed on
Jul 31, 2002
Sold by
Winston David
Bought by
Brueckman Carl T and Brueckman Edeltrude W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,750
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 1999
Sold by
Winston Rita
Bought by
Winston David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.5%

Purchase Details

Closed on
Oct 5, 1998
Sold by
Carpenter Carl S and Carpenter Margaret R
Bought by
Winston David

Purchase Details

Closed on
Oct 15, 1994
Sold by
Heinz Richard Jacob and Heinz Linda Singer
Bought by
Carpenter Carl S and Carpenter Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
8.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Belleview Investments Llc -- None Available
Johnson Seth -- Security Title Agency Inc
Johnson Seth $800,000 Security Title Agency Inc
Bellview Village Scottsdale Apts Llc -- Security Title Agency Inc
Listyo Gondosinaryo $525,000 First Arizona Title Agency
Amon Kate B -- None Available
Amon Kate B -- None Available
Amon Lee $595,000 Chicago Title Insurance Co
7241 East Belleview Street Lp -- --
Brueckman Carl T $409,000 Security Title Agency
Winston David -- First American Title
Winston David $223,100 First American Title
Carpenter Carl S $146,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brueckman Carl T $306,750
Previous Owner Winston David $176,000
Previous Owner Carpenter Carl S $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $800,000 -3.0% $303 / Sq Ft
03/10/2017 03/10/17 Price Changed $825,000 -3.5% $313 / Sq Ft
11/02/2016 11/02/16 Price Changed $855,000 -5.0% $324 / Sq Ft
10/08/2016 10/08/16 For Sale $900,000 +71.4% $341 / Sq Ft
10/06/2015 10/06/15 Sold $525,000 0.0% $199 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $525,000 -- $199 / 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 $1,615 $23,547 -- --
2024 $1,597 $22,426 -- --
2023 $1,597 $122,620 $24,520 $98,100
2022 $1,514 $87,380 $17,470 $69,910
2021 $1,606 $70,410 $14,080 $56,330
2020 $1,592 $65,250 $13,050 $52,200
2019 $1,540 $56,430 $11,280 $45,150
2018 $1,491 $45,970 $9,190 $36,780
2017 $1,430 $39,460 $7,890 $31,570
2016 $1,403 $30,970 $6,190 $24,780
2015 $1,335 $29,710 $5,940 $23,770
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    12 in this area

    84 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Shane Anderson

    Buyer's Agent in 2017

    Shane Anderson

    Affinity Home Assets LLC

    (760) 415-8170

    1 in this area

    42 Total Sales

    Shane Anderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5508821

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-38-018

Arizona Maricopa County Scottsdale 85257 South Scottsdale

7241 E Belleview St, Scottsdale, AZ

This home is located at 7241 E Belleview St, Scottsdale, AZ 85257 since 08 October 2016 and is currently estimated at $1,674,520, approximately $634 per square foot. This property was built in 1962. 7241 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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