T
Seller's Agent in 2022
Trent Powell
HomeSmart
(480) 834-1525
2 in this area
5 Total Sales
7616 E Polk St Scottsdale, AZ 85257
South Scottsdale Neighborhood
--
Bed
--
Bath
1,040
Sq Ft
0.3
Acres
Highlights
- Central Air
- Heating Available
- 5-minute walk to Indian Bend Park
- Ceiling Fan
About This Home
As of September 2022Great investment property in the heart of Scottsdale.
The 2 single family homes currently sit on 13,000 sqft and have awesome potential to build 6-10 units in their place if desired. Must also purchase MLS 6400676 which is the property connected just West and has a 6-plex that currently sits on a 11,000 sqft lot.
All units are rented with a month to month contract. Properties have been well maintained but updating may be needed.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $757
Year Built
- Built in 1960
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Common or Shared Parking
Utilities
- Central Air
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for water, landscaping
- Assessor Parcel Number 131-15-001-L
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are 127.30 x 100
Building Details
- Operating Expense $757
- Gross Income $15,000
- Net Operating Income $12,368
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2022
Closed on
Sep 27, 2022
Sold by
Dsc3 Llc
Bought by
Polk Devco Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,667
Avg. Annual Appreciation
3.71%
Purchase Details
Listed on
May 16, 2022
Closed on
Jun 21, 2022
Sold by
Fa Charles E and Fa Ladawn
Bought by
Dsc3 Llc
Seller's Agent
Trent Powell
HomeSmart
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$450,000
Sold Price
$450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.99%
Original Mortgage
$405,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 29, 2014
Sold by
Powell Carroll L and Powell Charles E
Bought by
The Charles E & Ladawn Powell Revocable
Purchase Details
Closed on
May 20, 1997
Sold by
Powell Merle S
Bought by
Famil Powell Merle S and Merle S Powell Revocable Family Trust
Purchase Details
Closed on
Feb 10, 1997
Sold by
Sheehan Loura Bell and Sheehan Laura Bell
Bought by
Powell Merle Shelton
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Empire Title Company Ltd | |
| Warranty Deed | $450,000 | New Title Company Name | |
| Interfamily Deed Transfer | $450,000 | Chicago Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Cash Sale Deed | $65,000 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $405,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $525,000 | -12.5% | $417 / Sq Ft |
| 09/06/2022 09/06/22 | Pending | -- | -- | -- |
| 09/05/2022 09/05/22 | For Sale | $600,000 | +33.3% | $476 / Sq Ft |
| 06/22/2022 06/22/22 | Sold | $450,000 | 0.0% | $433 / Sq Ft |
| 05/21/2022 05/21/22 | Pending | -- | -- | -- |
| 05/17/2022 05/17/22 | For Sale | $450,000 | 0.0% | $433 / Sq Ft |
| 05/17/2022 05/17/22 | Off Market | $450,000 | -- | -- |
| 05/16/2022 05/16/22 | For Sale | $450,000 | -- | $433 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,473 | $36,544 | $36,544 | -- |
| 2024 | $751 | $34,804 | $34,804 | -- |
| 2023 | $751 | $28,560 | $5,710 | $22,850 |
| 2022 | $713 | $19,130 | $3,820 | $15,310 |
| 2021 | $757 | $17,900 | $3,580 | $14,320 |
| 2020 | $751 | $17,610 | $3,520 | $14,090 |
| 2019 | $724 | $15,180 | $3,030 | $12,150 |
| 2018 | $701 | $11,750 | $2,350 | $9,400 |
| 2017 | $672 | $11,710 | $2,340 | $9,370 |
| 2016 | $659 | $8,730 | $1,740 | $6,990 |
| 2015 | $627 | $9,010 | $1,800 | $7,210 |
Source: Public Records
Agents Affiliated with this Home
-
Trent Powell
-
L
Seller's Agent in 2022
Linda Gerchick
Gerchick Real Estate
-
L
Buyer's Agent in 2022
Linda CCIM
Stephen Magee Int'l Properties
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6400701
APN: 131-15-001L
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.
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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