NOT LISTED FOR SALE

Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $507,000 - $540,000

Studio
-- Bath
2,178 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 28, 2013

Last sale price $60,000 $28 Per Sq Ft

Est. 774% increase in value since last sale

Current estimated payment $2,759/month

29 Days on Market

Highlights

  • Evaporated cooling system
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of August 2013

Short sale opportunity on this tri-plex in Central Phoenix. Great location and potential for a good rental income. Call with any questions.

Last Agent to Sell the Property

George Kleanthis

24/7 Real Estate, Inc License #BR569512000 Listed on: 05/20/2013

Last Buyer's Agent

George Kleanthis

24/7 Real Estate, Inc License #BR569512000 Listed on: 05/20/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $436

Year Built

  • Built in 1985

Lot Details

  • 7,144

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Roosevelt Elementary School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 27
  • Assessor Parcel Number 122-60-021-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7148 sf
  • Wier Estates Subdivision

Building Details

  • Operating Expense $436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$436

Year Built

Built in 1985

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Cross Street: 32nd Street and Broadway Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Subdivision Name: WIER ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School

Lot Info

  • Lot Size: 7148 sf
  • Additional Parcels: No
  • Parcel #: 122-60-021-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Operating Expense: 436.34

Tax Info

  • Tax Annual Amount: 436.34
  • Tax Book Number: 122.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2015
Sold by
Cardona Hugo
Bought by
Ds Inter Vivos Trust
Current Estimated Value
$524,333

Purchase Details

Closed on
Dec 11, 2013
Sold by
Acevedo Edwin
Bought by
Cardone Hugo

Purchase Details

Listed on
May 20, 2013
Closed on
Aug 25, 2013
Sold by
Acevedo Edwin
Bought by
Cardona Hugo
Seller's Agent
George Kleanthis
24/7 Real Estate, Inc
Buyer's Agent
George Kleanthis
24/7 Real Estate, Inc
List Price
$60,000
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.90%

Purchase Details

Closed on
Sep 12, 2012
Sold by
Acevedo Edwin
Bought by
S H Inter Vivos Trust

Purchase Details

Closed on
Oct 16, 2006
Sold by
Melero Jose and Melero Teresa
Bought by
Acevedo Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2005
Sold by
Lone Wolf Investments Llc
Bought by
Melero Jose and Melero Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
5.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2004
Sold by
Madanick Barbara
Bought by
Lone Wolf 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
$119,700
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Lovett Jill
Bought by
Madanick Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2004
Sold by
Madanick Fred
Bought by
Madanick Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2001
Sold by
Joksimovich Gordon
Bought by
Lovett Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,350
Interest Rate
12.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 28, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Purchase Details

Closed on
Oct 27, 1994
Sold by
Bernstein Ruben
Bought by
Austin Funding Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ds Inter Vivos Trust -- None Available
Cardone Hugo -- Title365 Agency
Cardona Hugo $60,000 Title365 Agency
S H Inter Vivos Trust -- None Available
Acevedo Edwin $204,000 First Southwestern Title Age
Melero Jose $156,000 Lawyers Title Ins
Lone Wolf Investments Llc -- --
Madanick Barbara $133,000 First Financial Title Agency
Madanick Barbara -- First Financial Title Agency
Lovett Jill $92,000 Grand Canyon Title Agency In
Joksimovich Gordon $37,500 Security Title Agency
Austin Funding Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acevedo Edwin $163,200
Previous Owner Melero Jose $124,800
Previous Owner Madanick Barbara $119,700
Previous Owner Madanick Barbara $119,700
Previous Owner Lovett Jill $77,350
Closed Melero Jose $23,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2013 08/28/13 Sold $60,000 0.0% $28 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $60,000 -- $28 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $785 $5,208 -- --
2024 $743 $4,960 -- --
2023 $743 $30,980 $6,190 $24,790
2022 $728 $21,760 $4,350 $17,410
2021 $743 $17,860 $3,570 $14,290
2020 $734 $14,500 $2,900 $11,600
2019 $710 $14,400 $2,880 $11,520
2018 $691 $11,700 $2,340 $9,360
2017 $659 $7,750 $1,550 $6,200
2016 $627 $6,570 $1,310 $5,260
Source: Public Records

Agents Affiliated with this Home

  • George Kleanthis

    Seller's Agent in 2013

    George Kleanthis

    24/7 Real Estate, Inc

    (630) 340-8344

    29 Total Sales

    George Kleanthis
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4954467

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-60-021A

Arizona Maricopa County Phoenix 85040

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

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