Seller's Agent in 2015
David Benton
AXIS Real Estate
(602) 478-6117
28 Total Sales
822 E Montecito Ave Phoenix, AZ 85014
Central City NeighborhoodEstimated Value: $696,243 - $1,005,000
Studio
--
Bath
2,220
Sq Ft
$379/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of March 2015Great remodeled 4 Plex in the Heart of Downtown/North Phoenix. Everything was updated in 2013 at the property including roof, AC units, Exteriors facelift, all cosmetics, plumbing and electric. Good tenants with solid rental history. Almost 8% cap rate. Drive by Only! Please see photos.
Last Agent to Sell the Property
AXIS Real Estate License #SA578109000 Listed on: 10/20/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $795
Year Built
- Built in 1958
Lot Details
- 9,278
Home Design
- Composition Roof
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- Assigned Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 39
- Assessor Parcel Number 155-19-034
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 85' x 110'
Building Details
- Operating Expense $3,495
- Gross Income $33,180
- Net Operating Income $29,745
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 26, 2021
Sold by
Gordon Michael A
Bought by
Gordon Michael A and Gordon Brittany A
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
$200,000
Outstanding Balance
$181,356
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$660,455
Purchase Details
Closed on
Mar 26, 2020
Sold by
Leckey Brittany A
Bought by
Gordon Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$310,058
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$531,753
Purchase Details
Listed on
Oct 20, 2014
Closed on
Mar 1, 2015
Sold by
Cherrypick Invesments Llc
Bought by
Gordon Michael
Seller's Agent
David Benton
AXIS Real Estate
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Purchase Details
Closed on
Aug 9, 2013
Sold by
Rafael Investments Llc
Bought by
Cherrypick Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 6, 2012
Sold by
Peartree Desmond
Bought by
Rafael Investments Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gordon Michael A | -- | First American Title Ins Co | |
| Gordon Michael | -- | Chicago Title Agency | |
| Gordon Michael | $325,000 | First Arizona Title Agency | |
| Cherrypick Investments Llc | -- | Equity Title Agency Inc | |
| Rafael Investments Llc | $61,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gordon Michael A | $200,000 | |
| Open | Gordon Michael | $350,000 | |
| Previous Owner | Cherrypick Investments Llc | $593,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2015 03/03/15 | Sold | $325,000 | -13.3% | $146 / Sq Ft |
| 01/24/2015 01/24/15 | Pending | -- | -- | -- |
| 10/20/2014 10/20/14 | For Sale | $375,000 | -- | $169 / 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 | $3,178 | $24,476 | -- | -- |
| 2024 | $2,967 | $23,311 | -- | -- |
| 2023 | $2,967 | $66,510 | $13,300 | $53,210 |
| 2022 | $2,951 | $44,100 | $8,820 | $35,280 |
| 2021 | $3,001 | $36,270 | $7,250 | $29,020 |
| 2020 | $2,925 | $32,180 | $6,430 | $25,750 |
| 2019 | $2,798 | $31,180 | $6,230 | $24,950 |
| 2018 | $2,705 | $27,420 | $5,480 | $21,940 |
| 2017 | $2,484 | $26,180 | $5,230 | $20,950 |
| 2016 | $2,396 | $20,760 | $4,150 | $16,610 |
| 2015 | $965 | $10,960 | $2,190 | $8,770 |
Source: Public Records
Agents Affiliated with this Home
-
David Benton
-
Sophia Baron
Buyer's Agent in 2015
Sophia Baron
Grace CRE
(480) 375-0227
3 in this area
76 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5188117
APN: 155-19-034
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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