NOT LISTED FOR SALE

8837 N 2nd Way Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $334,236 - $521,000

-- Bed
-- Bath
912 Sq Ft
$446/Sq Ft Est. Value

Last Sold November 27, 2013

Last sale price $144,000 $158 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $2,216/month

261 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • 3-minute walk to Palma Park
  • Sunnyslope High School Rated A

About This Home

As of November 2013

This is a great opportunity to purchase a small professionally managed four-plex
with some positive upside potential. There are two two bedroom units and two one
bedroom units that rent well and are situated in a great rental location.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 02/09/2013

Coldwell Banker Commercial Realty

Co-Listed By

Jon Dzwonkoski

Red Brick Realty, LLC License #BR643387000

Last Buyer's Agent

Fernando Diaz

My Home Group Real Estate License #SA648126000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $571

Year Built

  • Built in 1969

Lot Details

  • 6,273

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 160-50-164

Community Details

Overview

  • 4 Units
  • Building Dimensions are UNK
  • Sunny Slope Subdivision

Building Details

  • Operating Expense $571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$571

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: Central Ave and Northern
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Year Built: 1969
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: SUNNY SLOPE
  • 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: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 160-50-164

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 571.0

Tax Info

  • Tax Annual Amount: 571.0
  • Tax Book Number: 160.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2013
Closed on
Oct 28, 2013
Sold by
Cardone Daniel J
Bought by
Campos Humberto
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Fernando Diaz
My Home Group Real Estate
List Price
$159,000
Sold Price
$144,000
Premium/Discount to List
-$15,000
-9.43%
Current Estimated Value
$406,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,559
Avg. Annual Appreciation
9.00%
Original Mortgage
$141,391
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2011
Sold by
Cardone Kimberly D
Bought by
Cardone Daniel J

Purchase Details

Closed on
Sep 30, 2011
Sold by
Caliber Auction Homes Llc
Bought by
Cardone Daniel J

Purchase Details

Closed on
Jun 2, 2011
Sold by
Rapid Real Estate Deals Llc
Bought by
Caliber Auction Homes Llc

Purchase Details

Closed on
Nov 6, 2007
Sold by
Jensen Raymond L
Bought by
Jensen Helga Schild Paulas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 7, 1996
Sold by
Jensen Helga Schild Paulas and Paulas George
Bought by
Jensen Helga Schild Paulas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Campos Humberto $144,000 Clear Title Agency Of Arizon
Cardone Daniel J -- Pioneer Title Agency Inc
Cardone Daniel J $139,900 Pioneer Title Agency Inc
Caliber Auction Homes Llc $80,000 Stewart Title & Trust Of Pho
Jensen Helga Schild Paulas -- Fidelity National Title
Rapid Real Estate Deals Llc $180,000 Fidelity National Title
Jensen Helga Schild Paulas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campos Humberto $141,391
Previous Owner Rapid Real Estate Deals Llc $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2013 11/27/13 Sold $144,000 -9.4% $158 / Sq Ft
10/28/2013 10/28/13 Pending -- -- --
02/09/2013 02/09/13 For Sale $159,000 -- $174 / 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 $1,009 $7,936 -- --
2024 $953 $7,558 -- --
2023 $953 $29,730 $5,940 $23,790
2022 $922 $20,880 $4,170 $16,710
2021 $934 $17,710 $3,540 $14,170
2020 $910 $15,680 $3,130 $12,550
2019 $894 $13,780 $2,750 $11,030
2018 $870 $11,710 $2,340 $9,370
2017 $866 $9,270 $1,850 $7,420
2016 $850 $8,500 $1,700 $6,800
2015 $787 $7,110 $1,420 $5,690
Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2013

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    22 Total Sales

    Terry Kass
    Section Image

  • J

    Seller Co-Listing Agent in 2013

    Jon Dzwonkoski

    Red Brick Realty, LLC

  • F

    Buyer's Agent in 2013

    Fernando Diaz

    My Home Group Real Estate

    (602) 232-2700

    32 Total Sales

    Fernando Diaz
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4888107

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-164

Arizona Maricopa County Phoenix 85020 North Central

8837 N 2nd Way, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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