NOT LISTED FOR SALE
42 Beds
-- Bath
1,350 Sq Ft
1983 Built

Last Sold October 31, 2016

Last sale price $1,375,000 $1,019 Per Sq Ft

114 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of October 2016

Mountain View is a 26-unit garden-style apartment community located in a desirable north/central Phoenix neighborhood. Built in 1983 the property is made of block construction with pitched-composition shingle roofs, and is individually-metered for electricity and has copper plumbing. The unit mix consists of one-bedroom and two-bedroom floor plans that are spacious, well designed and average approximately 692 square feet. Interior unit amenities include fully appointed kitchens with full-size electric appliances, ceramic tile flooring, ceiling fans and mini blinds. The property is situated on approximately 0.65 acres and features low water use desert landscaping and mature shade trees. Community Amenities include a large swimming pool, an on-site laundry facility and secured parking access gates.

Over the last year, the North Phoenix submarket average rental rates increased by more than 6.67% to $0.98 PSF, while occupancy increased by 60 basis points respectively. Strategic path of growth positions Mountain View to benefit from accelerating fundamentals across the larger Phoenix metro. Numerous economic forecasts project Phoenix to lead major western markets in employment and population growth through 2017.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/16/2016

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/16/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,685

Year Built

  • Built in 1983

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 26 Open Parking Spaces
  • 26 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 158-23-063

Community Details

Overview

  • 2 Buildings
  • 26 Units
  • Building Dimensions are 28314
  • Mountain View Acres Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Net Operating Income $90,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,685

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1983
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: MOUNTAIN VIEW ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 26.0
  • Total Parking Spaces: 26.0
  • General Property Description:Uncvrd Parking Spcs: 26.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 28314
  • Additional Parcels: Yes
  • Parcel #: 158-23-063

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 26
  • Property Net Operating Income: 90735.0

Tax Info

  • Tax Annual Amount: 6684.88
  • Tax Book Number: 158.00
  • Tax Lot: 9

Range of Values:

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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
10/31/2016 10/31/16 Sold $1,375,000 0.0% $1,019 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/26/2016 08/26/16 Price Changed $1,375,000 -3.0% $1,019 / Sq Ft
05/16/2016 05/16/16 For Sale $1,417,000 -- $1,050 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5443655

Arizona Regional Multiple Listing Service (ARMLS)