NOT LISTED FOR SALE

8122 N 33rd Ave Phoenix, AZ 85051

North Mountain Village Neighborhood

Estimated Value: $766,779 - $830,000

4 Beds
-- Bath
3,656 Sq Ft
$217/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $750,000 $205 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,636/month

8 Days on Market

Highlights

  • 8 Car Attached Garage
  • Central Air
  • Heat Pump System
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of January 2022

Stable, well-performing 4-plex in established N. Phx neighborhood close to I-17 freeway, light rail access, GCU, ASU West, and potential redevelopment projects at Metrocenter. Newer stucco building with (1) 3bed/2bath, (3) 2bed/1bath units and 4 garage spots, with a private yard for the main unit. Full renovation to the main 3/2 unit w/modern decor, along with many updates to the remaining 2/1 units. On-site laundry (2 washers/2 dryers) and all units indiv metered for electric (tenant paid). Property is in great condition with over $120k invested in renovations/improvements including new roof, dual-pane windows throughout, and new irrig. system. Main unit is vacant so property could qualify for FHA loan, all other units are MTM. Gross rents around $52000/yr with plenty of room for increase

Last Agent to Sell the Property

Chris Scott

HomeSmart License #SA650343000 Listed on: 11/20/2021

HomeSmart

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1974

Lot Details

  • 9,365

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Car Attached Garage
  • Over 1 Space Per Unit
  • Automatic Garage Door Opener
  • On-Street Parking

Schools

  • Alta Vista Elementary School
  • Palo Verde Middle School
  • Cortez High School

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 42
  • Assessor Parcel Number 150-09-909-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr 9382
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $11,391
  • Gross Income $50,874
  • Net Operating Income $39,447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,158

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave & Northern Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2021
  • Directions: From 35th Ave & Northern Ave: go East to 33rd Ave, North to property on left
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Add'l Parking Avail, Garage Door Opener, Attached, >1 Space Per Unit, On Street
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3634.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: Irr 9382
  • Additional Parcels: No
  • Parcel #: 150-09-909-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 50873.76
  • Insurance Expense: 1292.0
  • Maintenance Expense: 2007.0
  • Property Net Operating Income: 39447.0
  • Annual Operating Expense: 11391.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Book Number: 150.00
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Jan 5, 2022
Sold by
Garima Kakani
Bought by
Rathi Family 2020 Living Trust
Seller's Agent
Chris Scott
HomeSmart
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Total Days on Market
8
Current Estimated Value
$792,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,695
Avg. Annual Appreciation
1.31%
Original Mortgage
$562,500
Outstanding Balance
$523,741
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$260,324

Purchase Details

Listed on
Nov 20, 2021
Closed on
Dec 17, 2021
Sold by
Eric Valente Kevin
Bought by
Kakani Garima
Seller's Agent
Chris Scott
HomeSmart
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$523,741
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$260,324

Purchase Details

Closed on
May 1, 2018
Sold by
Tanner Dallas
Bought by
Valente Kevin Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
County Of Maricopa
Bought by
State Of Arizona

Purchase Details

Closed on
Jun 19, 2012
Sold by
Tanner Krista
Bought by
Tanner Dallas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2011
Sold by
Denegal Marc S
Bought by
Tanner Dallas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2005
Sold by
Clifton James M and Clifton Diane G
Bought by
Denegal Marc S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,600
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2003
Sold by
Tseng Chaoming J and Tseng Anna L
Bought by
Clifton James M and Clifton Diane G

Purchase Details

Closed on
Aug 9, 2002
Sold by
Filip Ioan and Filip Daniela
Bought by
Tseng Chaoming J and Tseng Anna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,375
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2000
Sold by
Allen Theodore Oscar
Bought by
Filip Ioan and Filip Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,201
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2000
Sold by
Allen Theodore Oscar
Bought by
Filip Ioan and Filip Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,201
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 1996
Sold by
Carpe Diem International Inc and Rahm Michael
Bought by
Allen Theodore Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,600
Interest Rate
7.34%
Mortgage Type
VA

Purchase Details

Closed on
Apr 20, 1993
Sold by
Furr J Allen and Furr Shirley E
Bought by
Carpe Diem International Inc and Rahm Michael
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
Rathi Family 2020 Living Trust -- --
Kakani Garima $750,000 American Title Services
Valente Kevin Eric $299,000 Magnus Title Agency
State Of Arizona -- None Available
Tanner Dallas -- Magnus Title Agency
Tanner Dallas $111,300 None Available
Denegal Marc S $369,500 Arizona Title Agency Inc
Clifton James M $260,000 Lawyers Title Insurance Corp
Tseng Chaoming J $248,500 Capital Title Agency Inc
Filip Ioan $220,000 American Title Insurance
Filip Ioan $220,000 American Title Insurance
Allen Theodore Oscar $134,000 Security Title Agency
Carpe Diem International Inc -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kakani Garima $562,500
Previous Owner Valente Kevin Eric $238,000
Previous Owner Valente Kevin Eric $239,200
Previous Owner Tanner Dallas $93,750
Previous Owner Tanner Dallas $111,300
Previous Owner Denegal Marc S $291,600
Previous Owner Tseng Chaoming J $186,375
Previous Owner Filip Ioan $218,201
Previous Owner Allen Theodore Oscar $132,600
Closed Denegal Marc S $54,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $750,000 0.0% $205 / Sq Ft
11/29/2021 11/29/21 Price Changed $750,000 +7.1% $205 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $700,000 -- $191 / 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 $2,244 $18,344 -- --
2024 $2,203 $17,470 -- --
2023 $2,203 $43,250 $8,650 $34,600
2022 $2,131 $31,250 $6,250 $25,000
2021 $2,158 $29,650 $5,930 $23,720
2020 $2,105 $28,210 $5,640 $22,570
2019 $2,066 $23,330 $4,660 $18,670
2018 $2,012 $21,180 $4,230 $16,950
2017 $2,002 $18,370 $3,670 $14,700
2016 $1,965 $16,500 $3,300 $13,200
2015 $1,820 $16,520 $3,300 $13,220
Source: Public Records

Agents Affiliated with this Home

  • Chris Scott

    Seller's Agent in 2022

    Chris Scott

    HomeSmart

    (602) 321-4163

    1 in this area

    66 Total Sales

    Chris Scott
    Section Image
  • Michael Gordon

    Buyer's Agent in 2022

    Michael Gordon

    Grace CRE

    (858) 774-6058

    2 in this area

    73 Total Sales

    Michael Gordon
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6323730

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-909A

Arizona Maricopa County Phoenix 85051 North Mountain Village

8122 N 33rd Ave, Phoenix, AZ

This home is located at 8122 N 33rd Ave, Phoenix, AZ 85051 since 20 November 2021 and is currently estimated at $792,695, approximately $216 per square foot. This property was built in 1974. 8122 N 33rd Ave is a home located in Maricopa County with nearby schools including Palo Verde Middle School, Alta Vista Elementary School, and Cortez 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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