NOT LISTED FOR SALE

Estimated Value: $614,000 - $2,759,773

Studio
4 Baths
820 Sq Ft
$2,067/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $2,750,000 $3,354 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $8,941/month

19 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of January 2025

16-unit multifamily opportunity located in the North Mountain Submarket of Phoenix, AZ. Originally built in 1965 and renovated in 2018, this asset is strategically positioned near the base of North Mountain, near many economic drivers such as the I-17 employment corridor, $1B redevelopment of the Metrocenter, and the North Mountain Redevelopment Area (NMRA). Additionally, the property consists of a desirable unit mix of 100% two-bedroom, one-bathroom floorplans across 4 separately parceled Fourplexes, allowing for residential or commercial financing. Community amenities include an on-site laundry facility, private patios, and a community common area where there is potential to build additional units.

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 10/09/2024

Last Buyer's Agent

Kinal Movalia

Realty ONE Group License #SA555652000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $877

Year Built

  • Built in 1965

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

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

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are 45,613 sq ft
  • Ironwood Place Subdivision

Building Details

  • Operating Expense $877
  • Gross Income $252,417
  • Net Operating Income $175,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$877

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: IRONWOOD PLACE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 45,613 sq ft
  • Additional Parcels: Yes
  • Parcel #: 158-29-201

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Number Of Units Total: 16
  • Annual Gross Income: 252417.0
  • Property Net Operating Income: 175346.0
  • Annual Operating Expense: 877.0

Tax Info

  • Tax Annual Amount: 877.0
  • Tax Book Number: 158.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Jan 6, 2025
Sold by
Booza Ii Llc
Bought by
Snpat 936 Mountainview Llc
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Kinal Movalia
Realty ONE Group
List Price
$2,895,000
Sold Price
$2,750,000
Premium/Discount to List
-$145,000
-5.01%
Views
7
Current Estimated Value
$1,695,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,054,742
Avg. Annual Appreciation
-38.35%
Original Mortgage
$1,500,000
Outstanding Balance
$1,485,555
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$209,703

Purchase Details

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

Purchase Details

Closed on
Jun 9, 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

Listed on
Sep 17, 2019
Closed on
Dec 6, 2019
Sold by
Salamy Allyson M and Salamy Raymond C
Bought by
Salamy Raymond C
Seller's Agent
Mariana Martin
The Brokery
Buyer's Agent
Joseph Willets
Grace CRE
List Price
$1,999,000
Sold Price
$1,999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.67%
Original Mortgage
$374,812
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2019
Closed on
Dec 3, 2019
Sold by
936 Mountainview Llc
Bought by
Salamy Raymond C
Seller's Agent
Mariana Martin
The Brokery
Buyer's Agent
Joseph Willets
Grace CRE
List Price
$1,999,000
Sold Price
$1,999,000

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

Purchase Details

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

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

Closed on
Aug 12, 2014
Sold by
Pierry Josh
Bought by
Arvidson Thomas A and Crane Roberta L

Home Financials for this Owner

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

Purchase Details

Closed on
Apr 22, 2013
Sold by
Pierry Juko Kohashi
Bought by
Pierry Josh

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
Apr 19, 2013
Sold by
Prima Property Investmenr Llc
Bought by
Pierry Josh

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

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
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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
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 Arvidson Thomas A $113,750
Previous Owner Pierry Josh $106,875
Previous Owner Prime Property Investments Llc $130,500
Previous Owner Mv Durango Llc $1,059,000
Previous Owner Bnixon Llc $504,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2025 01/10/25 Sold $2,750,000 -5.0% $3,354 / Sq Ft
10/09/2024 10/09/24 For Sale $2,895,000 +44.8% $3,530 / Sq Ft
12/13/2019 12/13/19 Sold $1,999,000 0.0% $2,438 / Sq Ft View Prior Sale
10/30/2019 10/30/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $1,999,000 -- $2,438 / 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 $928 $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: 6770776

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-201