NOT LISTED FOR SALE

936 W Mountain View Rd Unit 1-4 Phoenix, AZ 85021

North Mountain Village Neighborhood

Estimated Value: $840,000 - $2,766,788

-- Bed
-- Bath
820 Sq Ft
$2,175/Sq Ft Est. Value

Last Sold September 15, 2014

Last sale price $650,000 $793 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $10,047/month

38 Days on Market

Highlights

  • Multiple cooling system units
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of September 2014

4 4 plexes! MUCH EASIER TO FINANCE THAN AN APARTMENT BUILDING..15 of 16 UNITS OCCUPIED! CASH COW! THIS SALE INVOLVES 4 BUILDINGS, EACH CONSISTING of 4 UNITS. 16 TOTAL UNITS. ALL BUILDINGS CONSIST OF (4) 2 BED/1 BATH UNITS. ALL UNITS HAVE BEEN UPDATED WITH INTERIOR/EXTERIOR PAINT, NEW 12'' TILE, CEILING FANS & FIXTURES. ALL BLOCK CONSTRUCTION WITH INDIVIDUAL PATIOS. EACH UNIT HAS AN A/C! AMPLE PARKING. COMMUNITY LAUNDRY IS LOCATED IN THE CENTER OF THE COMMUNITY WITH A COMMON AREA YARD. THE APN'S INVOLVED IN THE SALE ARE 158-29-201,158-29-202,158-29-203,158-29-201. PLEASE CALL LISTING AGENT FOR APPOINTMENT. DO NOT DISTURB TENANT. ON SITE MANAGER AND MAINTENANCE. RENTS RANCGE FROM $500-$535 PER MONTH. LAUNDRY PRODUCES AN ADDITIONAL $250-300/MONTH. ALL UNITS INDIVIDUALLY METERED FOR ELECTRIC

Last Agent to Sell the Property

Michael Sims

My Home Group Real Estate License #SA556278000 Listed on: 06/13/2014

My Home Group Real Estate

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

  • $2,500

Year Built

  • Built in 1965

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Glendale High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 158-29-201

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are 43000
  • Ironwood Place Mcr 36 33 Subdivision

Building Details

  • Operating Expense $20,000
  • Gross Income $91,200
  • Net Operating Income $70,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: HATCHER AND 7TH AVE.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Fam
  • Number Of Buildings: 4
  • Year Built: 1965
  • Tax Year: 2013
  • Directions: West to 11th Avenue, North to Mountain view, FIRST BUILDING NORTH OF MOUNTAIN VIEW
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6000.0
  • Subdivision Name: IRONWOOD PLACE MCR 36-33
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 7000.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 43000
  • Additional Parcels: No
  • Parcel #: 158-29-201

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 16
  • Electric Expense: 1200.0
  • Annual Gross Income: 91200.0
  • Insurance Expense: 3300.0
  • Property Net Operating Income: 70600.0
  • Annual Operating Expense: 20000.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Book Number: 158.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2025
Sold by
Booza Ii Llc
Bought by
Snpat 936 Mountainview Llc
Total Days on Market
38
Current Estimated Value
$1,783,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,494,851
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$288,596

Purchase Details

Closed on
Jul 31, 2023
Sold by
Salamy Family Revocable Trust
Bought by
Booza Ii Llc

Purchase Details

Closed on
Jun 30, 2020
Sold by
Salamy Allyson
Bought by
Salamy Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2020
Sold by
Booza Llc
Bought by
Salamy Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2019
Sold by
Salamy Allyson M and Salamy Raymond C
Bought by
Salamy Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,812
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2019
Sold by
936 Mountainview Llc
Bought by
Salamy Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,812
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2019
Sold by
Bfl Consulting Llc
Bought by
936 Mountainview Llc

Purchase Details

Closed on
Jan 11, 2018
Sold by
Lombardi Brandon F
Bought by
Bfl Consulting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,900
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2017
Sold by
Zanadu Group Of Companies Llc
Bought by
Lombardi Brandon F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,900
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2017
Sold by
Lion Acquisitions Llc
Bought by
Zanadu Group Of Companies Llc

Purchase Details

Closed on
Jul 25, 2017
Sold by
Arvidson Thomas A and Crane Roberta L
Bought by
Lion Acquisitions Llc

Purchase Details

Listed on
Jun 13, 2014
Closed on
Aug 12, 2014
Sold by
Pierry Josh
Bought by
Arvidson Thomas A and Crane Roberta L
Seller's Agent
Michael Sims
My Home Group Real Estate
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$699,900
Sold Price
$650,000
Premium/Discount to List
-$49,900
-7.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$113,750
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 18, 2013
Closed on
Apr 22, 2013
Sold by
Pierry Juko Kohashi
Bought by
Pierry Josh
Seller's Agent
Wallace Hardy
Realty Arizona Elite Group, LLC
Buyer's Agent
Michael Sims
My Home Group Real Estate
List Price
$584,000
Sold Price
$570,000
Premium/Discount to List
-$14,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$106,875
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 18, 2013
Closed on
Apr 19, 2013
Sold by
Prima Property Investmenr Llc
Bought by
Pierry Josh
Seller's Agent
Wallace Hardy
Realty Arizona Elite Group, LLC
Buyer's Agent
Michael Sims
My Home Group Real Estate
List Price
$584,000
Sold Price
$570,000
Premium/Discount to List
-$14,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,875
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2011
Sold by
E Investment Properties Inc
Bought by
Prime Property 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
$130,500
Interest Rate
4.63%
Mortgage Type
Unknown

Purchase Details

Closed on
May 17, 2011
Sold by
Fannie Mae
Bought by
E Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
4.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 2, 2011
Sold by
Wolfe Micheal P and Daugs Herold D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 25, 2007
Sold by
Daugs Herold D and Wolfe Michael P
Bought by
Mv Durango Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
6.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 4, 2006
Sold by
Bnixon Llc
Bought by
Mv Durango Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,059,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2005
Sold by
Ironwood/Phoenix Llc
Bought by
Bnixon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 1999
Sold by
Ironwood Suites Llc
Bought by
Wilson Brent and Wilson Sharman
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
Snpat 936 Mountainview Llc $2,750,000 Commonwealth Land Title
Snpat 936 Mountainview Llc $2,750,000 Commonwealth Land Title
Booza Ii Llc -- None Listed On Document
Salamy Family Revocable Trust -- None Listed On Document
Salamy Raymond C -- First American Title Ins Co
Salamy Raymond C -- First American Title
Salamy Raymond C -- Pioneer Title Agency Inc
Salamy Raymond C $499,750 Pioneer Title Agency Inc
Salamy Raymond C $499,750 Pioneer Title Agency Inc
936 Mountainview Llc -- Accommodation
Bfl Consulting Llc -- Pioneer Title Agency Inc
Lombardi Brandon F -- Accommodation
Zanadu Group Of Companies Llc $281,250 Pioneer Title Agency Inc
Lion Acquisitions Llc $1,050,000 Pioneer Title Agency Inc
Arvidson Thomas A $162,500 Lawyers Title Of Arizona Inc
Pierry Josh -- Stewart Title & Trust Of Pho
Pierry Josh $142,500 Stewart Title & Trust Of Pho
Prime Property Investments Llc $217,500 Fidelity Natl Title Ins Co
E Investment Properties Inc $48,000 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $289,531 None Available
Mv Durango Llc -- Magnus Title Agency
Mv Durango Llc $1,024,000 Fidelity National Title
Bnixon Llc $630,000 Fidelity National Title
Wilson Brent -- --
Perez Hernando -- --
Belnap Jeffrey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snpat 936 Mountainview Llc $1,500,000
Closed Snpat 936 Mountainview Llc $1,500,000
Previous Owner Salamy Raymond C $383,500
Previous Owner Salamy Raymond C $374,812
Previous Owner Lombardi Brandon F $210,900
Previous Owner Arvidson Thomas A $113,750
Previous Owner Pierry Josh $106,875
Previous Owner Prima Property Investments Llc $130,500
Previous Owner Prime Property Investments Llc $130,500
Previous Owner Wolfe Michael P $266,250
Previous Owner Mv Durango Llc $1,059,000
Previous Owner Bnixon Llc $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2014 09/15/14 Sold $650,000 -7.1% $793 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $699,900 +22.8% $854 / Sq Ft
04/29/2013 04/29/13 Sold $570,000 -2.4% $695 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
01/18/2013 01/18/13 For Sale $584,000 -- $712 / 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 $893 $7,303 -- --
2024 $877 $6,955 -- --
2023 $877 $43,210 $8,640 $34,570
2022 $848 $29,520 $5,900 $23,620
2021 $859 $23,650 $4,730 $18,920
2020 $838 $20,580 $4,110 $16,470
2019 $823 $17,450 $3,490 $13,960
2018 $801 $14,580 $2,910 $11,670
2017 $797 $12,530 $2,500 $10,030
2016 $783 $11,530 $2,300 $9,230
2015 $725 $9,620 $1,920 $7,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5130165

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-201