NOT LISTED FOR SALE

8845 N 2nd Way Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $420,130 - $1,066,000

-- Bed
-- Bath
3,596 Sq Ft
$222/Sq Ft Est. Value

Last Sold February 08, 2013

Last sale price $162,500 $45 Per Sq Ft

Est. 391% increase in value since last sale

Current estimated payment $4,365/month

20 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 3-minute walk to Palma Park
  • Sunnyslope High School Rated A
  • Heat Pump System

About This Home

As of February 2013

Located close to schools,hospital and businesses this fourplex is a great investment opportunity. All the tenants in this fully rented fourplex have been living here since the property was upgraded two years ago. Each unit comes with two bedroom , two bathrooms and all appliances including washer and dryer. Ceramic tiles in Kitchen, bathroom and living rooms with carpet in bedrooms. Ceiling fans in all units.

Available for viewing after contract has been signed.

THIS IS NOT A SHORT SALE

Last Agent to Sell the Property

Sherman Weekes

Crest Premier Properties Brokerage Email: crestpp@gmail.com License #SA550792000 Listed on: 12/01/2012

Co-Listed By

Euphemia Weekes

Crest Premier Properties Brokerage Email: crestpp@gmail.com License #BR524832000

Last Buyer's Agent

Marla Wicks

Better Homes & Gardens Real Estate SJ Fowler License #SA535997000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $839

Year Built

  • Built in 1985

Lot Details

  • 6,273

Home Design

  • Built-Up Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water
  • Legal Lot and Block 1 / 2015
  • Assessor Parcel Number 160-50-160

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6250 SQUARE FEET
  • Sunny Slope Subdivision

Building Details

  • Operating Expense $839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$839

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
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2012
  • Directions: DUNLAP TO 2ND WAY THEN SOUTH TO PROPERTY
  • Attribution Contact: crestpp@gmail.com
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: crep01
  • Co List Office Phone: 480-838-9558
  • Subdivision Name: SUNNY SLOPE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • 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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Sunnyslope High School

Lot Info

  • Lot Size: 6250 SQUARE FEET
  • Additional Parcels: No
  • Parcel #: 160-50-160

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 839.48

Tax Info

  • Tax Annual Amount: 839.48
  • Tax Block: 2015
  • Tax Book Number: 160.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2012
Closed on
Feb 28, 2013
Sold by
Xue Xinwei
Bought by
Deng Ying
Seller's Agent
Sherman Weekes
Crest Premier Properties
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Total Days on Market
20
Current Estimated Value
$797,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,210
Avg. Annual Appreciation
13.76%
Original Mortgage
$120,000
Outstanding Balance
$86,089
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$711,621

Purchase Details

Listed on
Dec 1, 2012
Closed on
Feb 12, 2013
Sold by
Royal Crown Properties Llc
Bought by
Deng Ying
Seller's Agent
Sherman Weekes
Crest Premier Properties
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$86,089
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$711,621

Purchase Details

Closed on
Oct 25, 2010
Sold by
Fannie Mae
Bought by
Royal Crown Properties Llc

Purchase Details

Closed on
Apr 16, 2010
Sold by
Montiel Elizabeth
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 25, 2005
Sold by
Stearn Edward P
Bought by
Montiel Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2004
Sold by
Bednarz Michael and Bednarz Megan
Bought by
Stearn Edward P

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
1.62%
Mortgage Type
Purchase Money Mortgage

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
5.6%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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
Deng Ying -- Chicago Title Agency Inc
Deng Ying $162,500 Chicago Title Agency Inc
Royal Crown Properties Llc $105,500 Stewart Title & Trust Of Pho
Federal National Mortgage Association $312,741 First American Title
Montiel Elizabeth $369,000 Grand Canyon Title Agency In
Stearn Edward P -- Capital Title Agency Inc
Bednarz Michael $260,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deng Ying $120,000
Closed Deng Ying $120,000
Previous Owner Montiel Elizabeth $295,200
Previous Owner Stearn Edward P $217,500
Previous Owner Bednarz Michael M $26,000
Previous Owner Bednarz Michael $208,000
Closed Stearn Edward P $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2013 02/08/13 Sold $162,500 -7.1% $45 / Sq Ft
12/21/2012 12/21/12 Pending -- -- --
12/01/2012 12/01/12 For Sale $175,000 -- $49 / 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 $1,585 $12,962 -- --
2024 $1,557 $12,345 -- --
2023 $1,557 $50,400 $10,080 $40,320
2022 $1,506 $35,480 $7,090 $28,390
2021 $1,525 $28,480 $5,690 $22,790
2020 $1,487 $25,160 $5,030 $20,130
2019 $1,460 $22,620 $4,520 $18,100
2018 $1,422 $19,100 $3,820 $15,280
2017 $1,414 $16,270 $3,250 $13,020
2016 $1,389 $15,300 $3,060 $12,240
2015 $1,286 $13,400 $2,680 $10,720
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sherman Weekes

    Crest Premier Properties

    (480) 706-0160

    17 Total Sales

    Sherman Weekes
    Section Image

  • E

    Seller Co-Listing Agent in 2013

    Euphemia Weekes

    Crest Premier Properties

    12 Total Sales

    Euphemia Weekes
    Section Image

  • M

    Buyer's Agent in 2013

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 343-8537

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4857256

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-160

Arizona Maricopa County Phoenix 85020 North Central

8845 N 2nd Way, Phoenix, AZ

This home is located at 8845 N 2nd Way, Phoenix, AZ 85020 since 01 December 2012 and is currently estimated at $797,710, approximately $221 per square foot. This property was built in 1985. 8845 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

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