Seller's Agent in 2025
John Galaviz
eXp Realty
(623) 215-5659
6 in this area
121 Total Sales
806 E Montecito Ave Phoenix, AZ 85014
Central City Neighborhood
--
Bed
--
Bath
1,478
Sq Ft
9,104
Sq Ft Lot
Highlights
- Central Heating and Cooling System
- Phoenix Coding Academy Rated A
- Concrete Flooring
About This Home
As of March 2025Triplex Opportunity in Central Phoenix - Turnkey and Updated! This is an ideal investment with each unit already rented out at market price. Also perfect for multi-generational living and within the FHA loan limit! Each unit is designed to provide privacy and comfort featuring separate entrances, private outdoor spaces, parking, and private laundry for each unit. One 2 bed/1 bath unit and two 1 bed/1 bath units. Smaller units updated in 2021 including floors, bathrooms, light electrical, and countertops. Largest unit updated 2024 with new HVAC, ductwork, flooring, kitchen cabinets/counters, bathroom remodel, electrical panel and more. New roofs on both units 2023. Whether you're looking to expand your portfolio, or live in one unit while renting out the others, this is not one to miss!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,243
Year Built
- Built in 1971
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete
- Vinyl
Parking
- 4 Open Parking Spaces
- 5 Parking Spaces
- Carport
- Paved Parking
- On-Street Parking
Schools
- Osborn Middle School
- North High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- The owner pays for landscaping
- Tax Lot 36
- Assessor Parcel Number 155-19-031
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 9095SF
- Carolyn Place Subdivision
Building Details
- Operating Expense $1,243
- Gross Income $53,040
- Net Operating Income $53,040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 29, 2024
Sold by
Black Canyon Equity Llc
Bought by
Desert Jasmine Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$366,205
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$359,628
Purchase Details
Listed on
Feb 26, 2018
Closed on
Apr 23, 2018
Sold by
Morando Joseph
Bought by
Msb Group Llc
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Geri Valdez
The Melcher Agency
List Price
$186,000
Sold Price
$170,000
Premium/Discount to List
-$16,000
-8.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.35%
Original Mortgage
$153,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Feb 26, 2018
Closed on
Mar 14, 2018
Sold by
Valdez Geronima
Bought by
Morando Joseph
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Geri Valdez
The Melcher Agency
List Price
$186,000
Sold Price
$170,000
Premium/Discount to List
-$16,000
-8.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 5, 2009
Sold by
Valdez Geronima R
Bought by
Valdez Geronima and Trejo Trust
Purchase Details
Closed on
Aug 15, 2003
Sold by
Valdez Eszikel F
Bought by
Valdez Geronima R
Purchase Details
Closed on
Jul 23, 2001
Sold by
Catalano James C and Catalano Kirsten M
Bought by
Valdez Eszikel F and Valdez Geronima R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.09%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Special Warranty Deed | $465,000 | First American Title Insurance | |
| Warranty Deed | $435,000 | First American Title Insurance | |
| Special Warranty Deed | $210,000 | Empire West Title Agency Llc | |
| Warranty Deed | $170,000 | First American Title Insuran | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $120,000 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $370,000 | New Conventional | |
| Previous Owner | $127,500 | New Conventional | |
| Previous Owner | $153,000 | Purchase Money Mortgage | |
| Previous Owner | $71,792 | Commercial | |
| Previous Owner | $113,000 | Commercial | |
| Previous Owner | $108,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2025 03/11/25 | Sold | $705,000 | -9.0% | $477 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | For Sale | $775,000 | +355.9% | $524 / Sq Ft |
| 03/16/2018 03/16/18 | Sold | $170,000 | -8.6% | $115 / Sq Ft |
| 02/26/2018 02/26/18 | Pending | -- | -- | -- |
| 02/26/2018 02/26/18 | For Sale | $186,000 | -- | $126 / 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 | $1,243 | $9,903 | -- | -- |
| 2024 | $1,200 | $9,431 | -- | -- |
| 2023 | $1,200 | $40,660 | $8,130 | $32,530 |
| 2022 | $1,194 | $27,950 | $5,590 | $22,360 |
| 2021 | $1,214 | $24,250 | $4,850 | $19,400 |
| 2020 | $1,183 | $21,050 | $4,210 | $16,840 |
| 2019 | $1,132 | $19,910 | $3,980 | $15,930 |
| 2018 | $1,095 | $17,310 | $3,460 | $13,850 |
| 2017 | $1,005 | $16,000 | $3,200 | $12,800 |
| 2016 | $969 | $12,230 | $2,440 | $9,790 |
| 2015 | $901 | $9,580 | $1,910 | $7,670 |
Source: Public Records
Agents Affiliated with this Home
-
John Galaviz
-
Michael Hoffman
Buyer's Agent in 2025
Michael Hoffman
HomeSmart
(480) 628-7969
2 in this area
141 Total Sales
-
Jessica Driscoll Hoffman
Buyer Co-Listing Agent in 2025
Jessica Driscoll Hoffman
HomeSmart
(480) 628-7969
3 in this area
118 Total Sales
-
Mario Romero
Seller's Agent in 2018
Mario Romero
The Melcher Agency
(602) 920-0306
4 in this area
77 Total Sales
-
Geri Valdez
Seller Co-Listing Agent in 2018
Geri Valdez
The Melcher Agency
(602) 672-3877
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6800733
APN: 155-19-031
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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