NOT LISTED FOR SALE

8841 N 2nd Way Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $729,000 - $871,000

-- Bed
-- Bath
3,596 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $800,000 $222 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,639/month

14 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 3-minute walk to Palma Park
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of October 2023

Outstanding Investment Opportunity: Fully Occupied Fourplex with Promising PotentialThis fourplex presents an outstanding investment opportunity, boasting four 2-bedroom, 2-bathroom units, each equipped with a laundry room. Two of these units feature washer/dryer appliances, enhancing tenant convenience. Currently fully occupied, this property offers immediate income, and there's even potential for increased returns. With covered parking and spacious living spaces, it's a highly desirable choice. Please respect tenant privacy with drive-by viewings only, and don't miss the chance to secure this lucrative investment opportunity.

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 09/07/2023

Keller Williams Realty Phoenix

Co-Listed By

Max Phillips

Keller Williams Realty Phoenix License #SA706828000

Last Buyer's Agent

Samantha Flatland

Keller Williams Realty Phoenix License #SA686841000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 1985

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 3 / H
  • Assessor Parcel Number 160-50-162

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Sunnyslope Subdivision

Building Details

  • Operating Expense $1,486
  • Gross Income $43,685
  • Net Operating Income $43,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,486

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: DUNLAP & 2ND WAY
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: DUNLAP TO 2ND WAY. SOUTH ON 2ND WAY TO THE PROPERTY.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • Subdivision Name: SUNNYSLOPE
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • 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:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 160-50-162

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 43684.61
  • Property Net Operating Income: 43181.0
  • Annual Operating Expense: 1486.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1486.0
  • Tax Block: H
  • Tax Book Number: 160.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2019
Sold by
Bethune Gary L and Bethune Karen M
Bought by
Phillips Fisher Living Trust
Current Estimated Value
$816,333

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
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2005
Sold by
Mahood Matthew and Mahood Penny
Bought by
Bethune Gary L and Bethune Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2004
Sold by
Mahood Matthew and Mahood Penny
Bought by
Mahood Matthew and Mahood Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2004
Sold by
Bednarz Michael and Bednarz Megan
Bought by
Mahood Matthew and Mahood Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2003
Sold by
Mills Phillip D and Mills Jody
Bought by
Bednarz Michael and Bednarz Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
5.87%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Phillips Fisher Living Trust $305,000 Pioneer Title Agency Inc
Bethune Gary L $360,000 Capital Title Agency Inc
Mahood Matthew -- Capital Title Agency Inc
Mahood Matthew -- Capital Title Agency Inc
Mahood Matthew $290,000 Capital Title Agency Inc
Bednarz Michael $260,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Kaden $847,717
Closed Phillips Roger D $205,000
Closed Phillips Fisher Living Trust $200,000
Previous Owner Bethune Gary L $252,000
Previous Owner Mahood Matt $29,000
Previous Owner Mahood Matthew $217,500
Previous Owner Mahood Matt $29,000
Previous Owner Bednarz Michael M $26,000
Previous Owner Bednarz Michael $208,000
Closed Bednarz Michael $21,000
Closed Bethune Gary L $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $800,000 +3.2% $222 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $775,000 -- $216 / 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 $1,565 $12,795 -- --
2024 $1,537 $12,186 -- --
2023 $1,537 $50,400 $10,080 $40,320
2022 $1,486 $35,480 $7,090 $28,390
2021 $1,506 $28,480 $5,690 $22,790
2020 $1,468 $25,160 $5,030 $20,130
2019 $1,441 $22,620 $4,520 $18,100
2018 $1,403 $19,100 $3,820 $15,280
2017 $1,396 $15,680 $3,130 $12,550
2016 $1,371 $14,750 $2,950 $11,800
2015 $1,270 $12,920 $2,580 $10,340
Source: Public Records

Agents Affiliated with this Home

  • Roger Phillips

    Seller's Agent in 2023

    Roger Phillips

    Keller Williams Realty Phoenix

    (626) 251-0111

    3 in this area

    40 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Max Phillips

    Keller Williams Realty Phoenix

    (310) 683-9025

    3 in this area

    11 Total Sales

    Section Image
  • Samantha Flatland

    Buyer's Agent in 2023

    Samantha Flatland

    Keller Williams Realty Phoenix

    (602) 904-0730

    1 in this area

    10 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6602872

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-162

Arizona Maricopa County Phoenix 85020 North Central

8841 N 2nd Way, Phoenix, AZ

This home is located at 8841 N 2nd Way, Phoenix, AZ 85020 since 07 September 2023 and is currently estimated at $813,000, approximately $226 per square foot. This property was built in 1985. 8841 N 2nd Way is a home located in Maricopa County with nearby schools including Desert View Elementary School, Royal Palm Middle School, and Sunnyslope 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

Nearby Homes