NOT LISTED FOR SALE

Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $433,000 - $606,000

-- Bed
-- Bath
2,244 Sq Ft
$227/Sq Ft Est. Value

Last Sold October 18, 2017

Last sale price $189,000 $84 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $2,720/month

51 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2017

NICELY FENCED TRIPLEX FULLY OCCUPIED FOR THE LAST 5 YEARS.DO NOT DISTURB TENANTS. DRIVE BY ONLY. UPON ACCEPTED CONTRACT SCHEDULE APPOINTMENT WITH AGENT TO SEE INTERIOR. VERY GOOD RENTAL AREA. TENANTS ARE LONG TERM AND INTEND TO STAY THERE. RENTS ARE LOWER FOR THE AREA. ONE OF THE TENANTS TAKES CARE OF UPKEEPING. GOOD INVESTMENT PROPERTY. CLOSE TO PHOENIX DOWNTOWN AND FREEWAY I-17.OWNER/AGENT. 50% CLOSING FEE DISCOUNT AVAILABLE

Last Agent to Sell the Property

Alexandre Ganev

HomeSmart License #BR515973000 Listed on: 07/27/2017

HomeSmart

Last Buyer's Agent

DeAnna Nelson

The Property Boutique License #BR582947000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $635

Year Built

  • Built in 1986

Lot Details

  • 6,708

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 137
  • Assessor Parcel Number 122-55-085-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 60X119
  • Ben Jo Estates Lots 137 158 Subdivision

Building Details

  • Operating Expense $3,985
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$635

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: SOUTHERN AVE & 24TH STREET
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2016
  • Directions: FROM SOUTHERN AND 24TH ST GO NORTH ON 24TH STREET TO ROESER. EAST TO 25TH STREET. NORTH TO ATLANTA AVE. WEST TO PROPERTY ON SOUTH SIDE OF THE STREET.
  • Road Surface Type: Asphalt
  • Subdivision Name: BEN-JO ESTATES LOTS 137-158
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 200.0
  • Annual Water Sewer Expense: 2300.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 60X119
  • Additional Parcels: No
  • Parcel #: 122-55-085-B

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Insurance Expense: 650.0
  • Property Net Operating Income: 18000.0
  • Annual Operating Expense: 3985.0
  • Vacancy Allowance Rate: 0.3

Tax Info

  • Tax Annual Amount: 635.0
  • Tax Book Number: 122.00
  • Tax Lot: 137

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Oct 18, 2017
Sold by
Arizona Investment Properties Llc
Bought by
Martinez Rosa Patricia
Seller's Agent
Alexandre Ganev
HomeSmart
Buyer's Agent
DeAnna Nelson
The Property Boutique
List Price
$220,000
Sold Price
$189,000
Premium/Discount to List
-$31,000
-14.09%
Current Estimated Value
$480,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,791
Avg. Annual Appreciation
13.53%
Original Mortgage
$185,576
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 2012
Sold by
Ganev Alexandre
Bought by
Arizona Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2012
Sold by
Ganev Vania
Bought by
Ganev Alexandre

Purchase Details

Closed on
Nov 18, 2009
Sold by
Portillo Jesus Q
Bought by
Hidlago Blanca K

Purchase Details

Closed on
Feb 15, 2007
Sold by
J Portillos Property #2 Llc
Bought by
Portillo Jesus Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2007
Sold by
Nguyen Anh N
Bought by
Portillo Jesus Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Portillo Jesus
Bought by
J Portillos Property #2 Llc

Purchase Details

Closed on
Apr 13, 2005
Sold by
Baryln Investments Llc
Bought by
Portillo Jesus Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2002
Sold by
Barlyn Investments Llc
Bought by
Madanick Fred and 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
$87,350
Interest Rate
6.22%

Purchase Details

Closed on
May 29, 2002
Sold by
Madanick Frederick and Madanick Barbara
Bought by
Barlyn Investments Llc

Purchase Details

Closed on
Jan 17, 2001
Sold by
Madanick Fred and Madanick Barbara
Bought by
Barlyn Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,450
Interest Rate
7.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2000
Sold by
Joksimovich Gordon
Bought by
Madanick Fred and 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
$86,450
Interest Rate
7.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250
Interest Rate
7.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 1995
Sold by
Mortgage Service America Co
Bought by
Austin Funding Inc

Purchase Details

Closed on
Jan 4, 1995
Sold by
First California Mtg Company
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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
Martinez Rosa Patricia $189,000 Reliant Title Agency Llc
Arizona Investment Properties Llc -- Magnus Title Agency
Ganev Alexandre -- First American Title Ins Co
Ganev Alexandre $20,000 First American Title Ins Co
Grabowy Bryan $10,000 First American Title Ins Co
Hidlago Blanca K $52,000 Old Republic Title Agency
Portillo Jesus Q -- North American Title Company
Portillo Jesus Q -- North American Title Company
J Portillos Property #2 Llc -- None Available
J Portillos Property #2 Llc -- None Available
Portillo Jesus Q $140,000 Security Title Agency Inc
Madanick Fred -- Grand Canyon Title Agency In
Barlyn Investments Llc -- --
Madanick Frederick -- --
Barlyn Investments Inc -- --
Madanick Fred $91,000 American Title Insurance
Joksimovich Gordon $37,500 Security Title
Austin Funding Inc $17,500 Lawyers Title
Federal Home Loan Mortgage Corporation -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Rosa Partricia $247,500
Closed Martinez Rosa Patricia $185,576
Previous Owner Arizona Investment Properties Llc $55,000
Previous Owner Arizona Investment Properties Llc $50,000
Previous Owner Portillo Jesus Q $58,200
Previous Owner Portillo Jesus Q $105,000
Previous Owner Portillo Jesus Q $105,000
Previous Owner Portillo Jesus Q $98,000
Previous Owner Madanick Fred $87,350
Previous Owner Madanick Fred $86,450
Previous Owner Joksimovich Gordon $26,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2017 10/18/17 Sold $189,000 -5.5% $84 / Sq Ft
09/20/2017 09/20/17 Price Changed $199,900 0.0% $89 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
08/29/2017 08/29/17 Price Changed $199,900 -9.1% $89 / Sq Ft
08/03/2017 08/03/17 Price Changed $219,900 0.0% $98 / Sq Ft
07/27/2017 07/27/17 For Sale $220,000 -- $98 / 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 $776 $5,281 -- --
2024 $754 $5,029 -- --
2023 $754 $31,410 $6,280 $25,130
2022 $739 $22,050 $4,410 $17,640
2021 $753 $18,050 $3,610 $14,440
2020 $744 $14,670 $2,930 $11,740
2019 $720 $14,620 $2,920 $11,700
2018 $701 $10,770 $2,150 $8,620
2017 $668 $7,880 $1,570 $6,310
2016 $635 $6,670 $1,330 $5,340
2015 $598 $5,700 $1,140 $4,560
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Alexandre Ganev

    HomeSmart

    (480) 274-9662

    Section Image
  • DeAnna Nelson

    Buyer's Agent in 2017

    DeAnna Nelson

    The Property Boutique

    (602) 793-2923

    3 in this area

    42 Total Sales

    Section Image
See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5638810

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-55-085B

Arizona Maricopa County Phoenix 85040

South Mountain

This home since 27 July 2017 and is currently estimated at $509,231, approximately $226 per square foot. This property was built in 1986. This home is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High School, and Phoenix Coding Academy.

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