Seller's Agent in 2024
Keith Grayson
Grayson Real Estate
(602) 418-0350
7 in this area
36 Total Sales
8842 N 2nd Way Phoenix, AZ 85020
North Central NeighborhoodEstimated Value: $409,000 - $523,000
--
Bed
1
Bath
--
Sq Ft
1973
Built
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
Flooring
- Vinyl Flooring
Parking
- 3 Parking Spaces
- Carport
- 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
Listing and Financial Details
- 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
Barrett Real Estate
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
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
-$21,115
Avg. Annual Appreciation
-3.74%
Original Mortgage
$437,000
Outstanding Balance
$432,274
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$56,611
Purchase Details
Closed on
Apr 4, 2022
Sold by
Grayson Ii Keith L
Bought by
Klg Investments Llc
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
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Turney Joshua | $510,000 | Lawyers Title Of Arizona | |
| Klg Investments Llc | -- | -- | |
| Eco Properties Llc | $182,000 | Pioneer Title Agency Inc | |
| Applegate Capital Llc | $175,000 | Pioneer Title Agency Inc | |
| Kirsten Dennis W | -- | -- | |
| Sunnyslope Village Center Llc | $275,000 | -- | |
| Lombardo Maurice | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Turney Joshua | $437,000 | |
| Previous Owner | Eco Properties Llc | $184,000 | |
| Previous Owner | Applegate Capital Llc | $157,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 | $463 | $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
-
Mason Weiss
M
Buyer's Agent in 2024
Mason Weiss
Barrett Real Estate
(602) 481-0648
3 in this area
78 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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