NOT LISTED FOR SALE

Phoenix, AZ 85041

South Mountain Neighborhood

Estimated Value: $341,000 - $502,000

6 Beds
3 Baths
6,200 Sq Ft
$70/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $555,000 $90 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $2,394/month

6 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Heating unit installed on the ceiling

About This Home

As of March 2022

GREAT INCOME PROPERTY ,TRIPLEXS,3 APARTMENTS IN GREAT CONDITION AND ALL RENTED. IT PRACTICALLY PAYS FOR ITS SELF,ALL TENANTS CONTRACTS EXPIRE 12/31/2022..TENANTS PAY ELECTRIC , CABLE, AND GAS. OWNER PAYS WATER ,AND TRASH. DRIVE BY ONLY , NO SHOWING WITHOUT APPOINTMENT. MUST CALL LISTING AGENT. NEW DEVELOPMENTS ALL AROUND, WALL TO SOUTH MOUNTAINS.

Last Agent to Sell the Property

Carmen Estrada

DeLex Realty License #SA531216000 Listed on: 02/11/2022

DeLex Realty

Last Buyer's Agent

Carmen Estrada

DeLex Realty License #SA531216000 Listed on: 02/11/2022

DeLex Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.85

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco
  • Adobe

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces

Schools

  • Valley View Elementary School
  • Valley View Middle School
  • Phoenix Union Cyber High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 010 / 2002
  • Assessor Parcel Number 300-45-010

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 0.85 acres/37,026 s.f.
  • Triplex Subdivision

Building Details

  • Operating Expense $682,961
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: central s/baseline
  • Legal Info Range: 3e
  • Property Type: Multiple Dwellings
  • Zoning: r-3
  • Number Of Buildings: 2
  • Year Built: 1972
  • Tax Year: 2016
  • Road Surface Type: Gravel, Dirt, Concrete
  • Subdivision Name: triplex
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Adobe, Block, Frame - Wood
  • Roof: See Remarks, Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Adobe: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: SRP, City Electric, Individual Meter
  • Cooling: None, 2 or More Units, Central A/C, Electric, Ceiling Fan(s)
  • Heating: Electric, Natural Gas, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, None
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Trash Expense: 21660.84

Schools

  • Elementary School: Valley View Elementary School
  • High School: Phoenix Union Cyber High School
  • Middle Or Junior School: Valley View School

Lot Info

  • Lot Size: 0.85 acres/37,026 s.f.
  • Additional Parcels: No
  • Parcel #: 300-45-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Property Net Operating Income: 48000.0
  • Annual Operating Expense: 682960.84
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 661300.0
  • Tax Block: 2002
  • Tax Book Number: 300.00
  • Tax Lot: 010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2022
Closed on
Apr 4, 2022
Sold by
Solis Orosco Abel
Bought by
Wan Jun
Seller's Agent
Carmen Estrada
DeLex Realty
Buyer's Agent
Carmen Estrada
DeLex Realty
List Price
$540,000
Sold Price
$555,000
Premium/Discount to List
$15,000
2.78%
Current Estimated Value
$436,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,867
Avg. Annual Appreciation
-6.19%
Original Mortgage
$416,250
Outstanding Balance
$392,677
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$43,456

Purchase Details

Listed on
Feb 11, 2022
Closed on
Mar 28, 2022
Sold by
Solis Orosco Abel
Bought by
Wan Jun
Seller's Agent
Carmen Estrada
DeLex Realty
Buyer's Agent
Carmen Estrada
DeLex Realty
List Price
$540,000
Sold Price
$555,000
Premium/Discount to List
$15,000
2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Outstanding Balance
$392,677
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$43,456

Purchase Details

Closed on
Oct 23, 2020
Sold by
Orosco Abel Solis
Bought by
Orosco Abel Solis and Soliz Martha Orosco

Purchase Details

Closed on
May 9, 2019
Sold by
Solis Abelardo
Bought by
Solis Martha

Purchase Details

Closed on
Jul 3, 2017
Sold by
Kbd & Rr Investments Llc
Bought by
Orosco Abel Solis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2015
Sold by
Lynch Mark and Lynch Rocky
Bought by
Kbd&Rr Investments Llc

Purchase Details

Closed on
Mar 13, 2015
Sold by
M & L Southern Hospitality Llc
Bought by
Lynch Mark and Lynch Rocky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2011
Sold by
Shepard Kathleen and Shephard Kay
Bought by
M & L Southern Hospitality Llc

Purchase Details

Closed on
Dec 9, 2004
Sold by
Burkholder Phyllis J and Hamilton Susan B
Bought by
Fitzgerald Glenwood A and Shepard Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Purchase History

Date Buyer Sale Price Title Company
Wan Jun $555,000 Driggs Title Agency
Wan Jun $555,000 Driggs Title Agency
Orosco Abel Solis -- Driggs Title Agency Inc
Solis Martha -- Driggs Title Agency Inc
Orosco Abel Solis $175,000 Chicago Title Agency Inc
Kbd&Rr Investments Llc -- None Available
Lynch Mark $102,000 Grand Canyon Title Agency
M & L Southern Hospitality Llc $50,000 Driggs Title Agency Inc
Fitzgerald Glenwood A $310,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wan Jun $416,250
Closed Wan Jun $416,250
Previous Owner Orosco Abel Solis $131,250
Previous Owner Lynch Mark $76,500
Previous Owner Fitzgerald Glenwood A $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $555,000 +2.8% $90 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $540,000 -- $87 / 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 $1,379 $9,146 -- --
2024 $1,305 $8,710 -- --
2023 $1,305 $29,400 $5,880 $23,520
2022 $1,279 $24,700 $4,940 $19,760
2021 $1,305 $21,610 $4,320 $17,290
2020 $1,289 $18,620 $3,720 $14,900
2019 $1,247 $14,520 $2,900 $11,620
2018 $1,214 $15,170 $3,030 $12,140
2017 $1,157 $11,360 $2,270 $9,090
2016 $1,100 $8,510 $1,700 $6,810
2015 $1,036 $8,620 $1,720 $6,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carmen Estrada

    DeLex Realty

    Section Image
See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6354164

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-45-010

Arizona Maricopa County Phoenix 85041

South Mountain

Not Listed for Sale

MultiFamily

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