$362,500
SOLD OCT 15, 2018

9238 N 7th Ave Phoenix, AZ 85021

North Mountain Village Neighborhood
-- Bed
-- Bath
784 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$462 Per Sq Ft

19% Below List Price

18 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of November 2020

MAJOR REDUCTION! SOLD ''AS IS'' Seller reduced $55K to assist Buyer w/ plumbing, sewer, electrical, fencing, & cooling repairs/up-grades. Less than $50K per door with an 8.9% Cap. Great Potential! 8 units, 2-single family detached homes, 1 4-plex & 1 duplex. Vacancies are rare in this complex. The 4-plex was rebuilt to current codes (block const.) in 2013/2014 after a fire. The 2 Bdr. SFD home was remodeled in 2018 with $16,000 in improvements. See Documents. The owner has maintained the property with care. Owner on adjacent site to the west. 14 parking spaces 12 uncovered & 2 covered, 1 handicap. Property is zoned C-2 Gen. Comm. None of the tenants are under any State Housing Funding. See COP Housing Voucher. Tenants are month to month. See rent schedules/expenses, LBP, MKT. in docs.

Last Agent to Sell the Property

Thomas Ellis

Ellis/Arnold & Associates L.L.C. License #BR039879000 Listed on: 08/28/2018

Co-Listed By

Clay Arnold

Ellis/Arnold & Associates L.L.C. License #BR037110000

Last Buyer's Agent

Christopher Risi

HomeSmart License #SA670706000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,829

Year Built

  • Built in 1952

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 14 Open Parking Spaces
  • 16 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Schools

  • Washington Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 158-31-005

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are 100'x134' & 100' x 66'
  • Foothill Acres Lots 33 48, 58 59 Subdivision

Building Details

  • Operating Expense $17,600
  • Gross Income $50,880
  • Net Operating Income $35,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,829

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 7th Ave. & Hatcher Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2 Commercial
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2017
  • Directions: North on 7th Ave from W. Dunlap Ave. to property entrance approximately 140' south of W. Hatcher Rd. on the west side of 7th Ave.
  • Road Surface Type: Asphalt, Private Street
  • Co List Office Mls Id: tjea01
  • Co List Office Phone: 602-320-1606
  • Subdivision Name: FOOTHILL ACRES LOTS 33-48, 58-59
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Free, Common
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Window/Wall Unit, Electric, 2 or More Units
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 795.0
  • Trash Expense: 540.0
  • Annual Water Sewer Expense: 3776.0

Schools

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

Lot Info

  • Lot Size: 100'x134' & 100' x 66'
  • Additional Parcels: Yes
  • Parcel #: 158-31-005

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 8
  • Electric Expense: 5730.0
  • Annual Gross Income: 50880.0
  • Insurance Expense: 1750.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 35109.0
  • Annual Operating Expense: 17600.0

Tax Info

  • Tax Annual Amount: 1829.0
  • Tax Book Number: 158.00
  • Tax Lot: 1

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

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zack Mishkin

    Seller's Agent in 2020

    Zack Mishkin

    Orion Investment Real Estate

    (602) 363-6363

    1 in this area

    3 Total Sales

    Zack Mishkin
    Section Image

  • 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.

    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Clay Arnold

    Ellis/Arnold & Associates L.L.C.

    Section Image
  • Christopher Risi

    Buyer's Agent in 2018

    Christopher Risi

    HomeSmart

    (480) 628-5588

    33 Total Sales

    Christopher Risi
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5813076

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-31-005

Arizona Maricopa County Phoenix 85021 North Mountain Village

9238 N 7th Ave, Phoenix, AZ

This home is located at 9238 N 7th Ave, Phoenix, AZ 85021 and is currently priced at $362,500, approximately $462 per square foot. This property was built in 1952. 9238 N 7th Ave is a home located in Maricopa County with nearby schools including Mountain View Elementary School, Sunnyslope High School, and Bennett Academy – Venture Site.

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