8842 N 2nd Way Phoenix, AZ 85020
North Central Neighborhood
--
Bed
--
Bath
--
Sq Ft
6,273
Sq Ft Lot
Highlights
- Multiple cooling system units
- Central Heating and Cooling System
- 4-minute walk to Palma Park
- Sunnyslope High School Rated A
- Vinyl Flooring
About This Home
As of October 2024Seller Financing Available - Fully renovated and leased duplex on an R-5 lot that grosses $36,000 per year in rental income. Both units are two bedroom and one bath. There are 2 separate buildings each with wood fenced yards and laundry. Each unit has new HVAC, vinyl wood floors, Spanish tile showers, new plumbing/electric, new water heaters, new roofing, R-38 insulation, new windows, quartz counters, stainless steel appliances, and fresh paint inside and out. Professionally managed with one year leases and deposits on file. Tenants pay their own electric.
Last Agent to Sell the Property
Grayson Real Estate License #BR636932000 Listed on: 08/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $437
Year Built
- Built in 1973
Home Design
- Wood Frame Construction
- Composition Roof
- Foam Roof
- Stucco
Parking
- 3 Parking Spaces
- 3 Covered Spaces
- Common or Shared Parking
- Assigned Parking
Schools
- Desert View Elementary School
- Royal Palm Middle School
- Sunnyslope High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Additional Features
- Vinyl Flooring
- Property fronts an alley
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 6
- Assessor Parcel Number 160-50-146-F
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are 50 x 125
- Sunnyslope Subdivision
Building Details
- Operating Expense $3,068
- Gross Income $36,000
- Net Operating Income $32,951
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Sep 29, 2024
Sold by
Klg Investments Llc
Bought by
Turney Joshua
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mason Weiss
ATLAS AZ, LLC
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Total Days on Market
47
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,115
Avg. Annual Appreciation
-3.95%
Original Mortgage
$437,000
Outstanding Balance
$434,455
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$61,949
Purchase Details
Closed on
Apr 4, 2022
Sold by
Grayson Ii Keith L
Bought by
Klg 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
$380,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 21, 2021
Sold by
Applegate Capital Llc
Bought by
Eco Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 11, 2020
Sold by
Gasparro Antonio and Gasparro Anna
Bought by
Applegate Capital Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 14, 2001
Sold by
Foghorn Leghorn Enterprises Llc
Bought by
Kirsten Dennis W and Aratico Paul
Purchase Details
Closed on
Jun 29, 1999
Sold by
Schwahn Donald R and Schwahn Tracy Anne
Bought by
Sunnyslope Village Center Llc
Purchase Details
Closed on
Oct 11, 1995
Sold by
Lombardo Maurice and Lombardo Joan
Bought by
Lombardo Maurice and Lombardo Joan
Similar Homes in Phoenix, AZ
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 |
|---|---|---|---|
| Warranty Deed | $510,000 | Lawyers Title Of Arizona | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $182,000 | Pioneer Title Agency Inc | |
| Warranty Deed | $175,000 | Pioneer Title Agency Inc | |
| Warranty Deed | -- | -- | |
| Cash Sale Deed | $275,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $437,000 | New Conventional | |
| Previous Owner | $380,000 | New Conventional | |
| Previous Owner | $184,000 | Purchase Money Mortgage | |
| Previous Owner | $157,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $510,000 | -2.9% | -- |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | Price Changed | $525,000 | -4.5% | -- |
| 08/09/2024 08/09/24 | For Sale | $550,000 | -- | -- |
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 | $446 | $3,643 | -- | -- |
| 2024 | $437 | $3,470 | -- | -- |
| 2023 | $437 | $15,870 | $4,440 | $11,430 |
| 2022 | $423 | $10,360 | $2,900 | $7,460 |
| 2021 | $429 | $8,440 | $2,360 | $6,080 |
| 2020 | $418 | $7,390 | $2,070 | $5,320 |
| 2019 | $410 | $6,970 | $1,950 | $5,020 |
| 2018 | $400 | $5,960 | $1,670 | $4,290 |
| 2017 | $398 | $4,400 | $1,230 | $3,170 |
| 2016 | $390 | $3,940 | $1,100 | $2,840 |
| 2015 | $362 | $3,400 | $950 | $2,450 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Grayson
Seller's Agent in 2024
Keith Grayson
Grayson Real Estate
(602) 418-0350
6 in this area
37 Total Sales
-
Mason Weiss
M
Buyer's Agent in 2024
Mason Weiss
ATLAS AZ, LLC
(602) 481-0648
3 in this area
62 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6742197
APN: 160-50-146F
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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