Seller's Agent in 2020
Zack Mishkin
Orion Investment Real Estate
(602) 363-6363
2 Total Sales
9238 N 7th Ave Phoenix, AZ 85021
North Mountain Village Neighborhood
--
Bed
1
Bath
784
Sq Ft
6,534
Sq Ft Lot
Highlights
- Evaporated cooling system
- Ceiling Fan
- Multiple Heating Units
- Sunnyslope High School Rated A
- Vinyl Flooring
About This Home
As of November 2020Income, Income, Income!!!
Shangri-la is a high performing investment opportunity with immediate value-add upside. Buyer can add an additional $4,750-$5,350 of annual income by raising rents, charging for laundry and finishing out the RUBS program.
Shangri-la sits just over half a mile away from HonorHealth John C. Lincoln Medical Center, a 266-bed, full service hospital and all the retail shops which support it. Just steps from Shangri-la are the Grand Canal and the North Mountain & Shaw Butte Trailheads, which provide miles of hiking and biking trails.
Shangri-la provides strong cash flow with top of the market cap rates and all right in the heart of Phoenix's Central Corridor.
Last Agent to Sell the Property
Orion Investment Real Estate License #SA566430000 Listed on: 05/27/2020
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,887
Year Built
- Built in 1949
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 13 Open Parking Spaces
- 15 Parking Spaces
- 2 Covered Spaces
- Common or Shared Parking
Utilities
- Evaporated cooling system
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Multiple Heating Units
- Heating System Uses Natural Gas
- Heat Pump System
- Individual Controls for Heating
- Window Unit Heating System
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for gas, electricity, trash collection, water, sewer
- Tax Lot 1
- Assessor Parcel Number 158-31-002
Community Details
Overview
- 4 Buildings
- 8 Units
- Building Dimensions are 134x100
- Foothill Acres Lots 33 48, 58 59 Subdivision
Building Details
- Operating Expense $27,697
- Gross Income $84,406
- Net Operating Income $56,879
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2020
Closed on
Nov 24, 2020
Sold by
Bought by
Seller's Agent
Zack Mishkin
Orion Investment Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$748,000
Sold Price
$735,000
Premium/Discount to List
-$13,000
-1.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
0.028%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 28, 2018
Closed on
Oct 11, 2018
Sold by
Bought by
Seller's Agent
Thomas Ellis
Ellis/Arnold & Associates L.L.C.
Buyer's Agent
Christopher Risi
HomeSmart
List Price
$450,000
Sold Price
$362,500
Premium/Discount to List
-$87,500
-19.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.57%
Original Mortgage
$390,000
Interest Rate
0.045%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 6, 1978
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $735,000 | Premier Title | ||
| $362,500 | Premier Title Agency | ||
| -- | Stewart Title & Trust |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $514,500 | ||
| Previous Owner | $390,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2020 11/25/20 | Sold | $735,000 | -1.7% | $938 / Sq Ft | |
| 11/06/2020 11/06/20 | For Sale | $748,000 | 0.0% | $954 / Sq Ft | |
| 11/06/2020 11/06/20 | Price Changed | $748,000 | 0.0% | $954 / Sq Ft | |
| 08/31/2020 08/31/20 | Price Changed | $748,000 | -3.2% | $954 / Sq Ft | |
| 05/27/2020 05/27/20 | For Sale | $773,000 | +113.2% | $986 / Sq Ft | |
| 10/15/2018 10/15/18 | Sold | $362,500 | -8.2% | $462 / Sq Ft | View Prior Sale |
| 09/10/2018 09/10/18 | Price Changed | $395,000 | -12.2% | $504 / Sq Ft | |
| 08/28/2018 08/28/18 | For Sale | $450,000 | -- | $574 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,990 | $15,657 | ||
| 2024 | $1,880 | $14,912 | ||
| 2023 | $1,880 | $52,930 | $7,590 | $45,340 |
| 2022 | $1,819 | $35,210 | $5,050 | $30,160 |
| 2021 | $1,842 | $29,730 | $4,260 | $25,470 |
| 2020 | $1,796 | $26,160 | $3,750 | $22,410 |
| 2019 | $1,764 | $20,840 | $2,990 | $17,850 |
| 2018 | $1,717 | $17,160 | $2,460 | $14,700 |
| 2017 | $1,709 | $14,230 | $2,040 | $12,190 |
| 2016 | $1,678 | $13,280 | $1,900 | $11,380 |
| 2015 | $656 | $8,890 | $1,270 | $7,620 |
Source: Public Records
Agents Affiliated with this Home
-
Zack Mishkin
-
N
Buyer's Agent in 2020
Non-MLS Agent
Non-MLS Office
-
T
Seller's Agent in 2018
Thomas Ellis
Ellis/Arnold & Associates L.L.C.
-
C
Seller Co-Listing Agent in 2018
Clay Arnold
Ellis/Arnold & Associates L.L.C.
-
Christopher Risi
Buyer's Agent in 2018
Christopher Risi
HomeSmart
(480) 628-5588
32 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6085760
APN: 158-31-005
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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