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Phoenix 85016 Cavalier Villa
2339 E MONTECITO Avenue
Photo of 2339 E MONTECITO Avenue
Sold on Jun 17, 2022

25

Map

Photo of 2339 E MONTECITO Avenue
Photo of 2339 E MONTECITO Avenue
$500,000
● House - Off Market

2339 E MONTECITO Avenue

Phoenix, AZ 85016
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,272 Ft²
$469,858
RealtyHop Estimate
-5.84%
Since Jul 1, 2022
AZ-Phoenix
Primary Model

About This Property

Beautifully updated home in the coveted Biltmore area. Lovely masonry ranch home with great room, ceramic tile, recessed lighting, bright white cabinets and quartz counters, split bedroom plan, large laundry room and nice sized lot! Primary suite has dual closets, dual vanities, lovely tiled shower and back yard access.  Guest rooms are nicely sized, sharing a pretty main bath.  The hvac and roof were replaced in 2016, along with dual pane windows. Conveniently located to Biltmore shopping, the 51 and easy access to Scottsdale or downtown Phoenix. Schedule your showing before this one is gone!
Unit Size
1,272 Ft²
Days on Market
43 days
Land Size
0.14 acres
Price per sqft
$392
Property Type
House
Property Taxes
$210
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (ARMLS #6389556)

Price History

Date / Event Date Event Price
May 28, 2023 No longer available -
No longer available
May 26, 2023 Sold
Premium
Sold
Apr 1, 2023 Listed by Long Realty Uptown $520,000
Listed by Long Realty Uptown
Jun 17, 2022 Sold
Premium
Sold
Apr 25, 2022 Listed by Long Realty Uptown $499,000
Listed by Long Realty Uptown
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 13
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,107
  • Total Building Area: 1,272
  • Gross Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAVALIER VILLA 1
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: CAVALIER VILLA 1 MCR 53/36

Neighborhood

  • School District Name: Madison Elementary District
  • Census Tract: 108502

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 5336
  • Parcel: 163-33-021
  • Lot: 21
  • Meridian: SEC 22 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.499
  • Longitude: -112.031

    Address

  • Full Address: 2339 E Montecito Ave
  • Address - House Number: 2339
  • Street Direction: E
  • Address - Street Name: Montecito
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C059
  • 4-Digit Zip Code: 6217
  • Zip Code: 85016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $254,672
  • Tax Rate Code Area: 381300

    Appraisal Valuation

  • Standard Deviation: 0.1492
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 533,353
  • High Value: 612,963
  • Low Value: 453,743

    Market Valuation

  • Market Total Value: $389,800
  • Market Land Value: $77,900
  • Market Improvement Value: $311,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,980
  • Assessed Land Value: $7,790
  • Assessed Improvements Value: $31,190

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 275600
  • Previous Sale Recording Date: Jun 17, 2022
  • Previous Sale Contract Date: Jun 16, 2022
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Camelback East

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$387

Below Asking

0.03%

Average Days on Market

92

Average Home Size

2260 ft²

Average Home Age

41.4 years

Currently For Sale

800 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3229 E Campbell Avenue, Phoenix, AZ, 85018

$9,995 /mo

  • 4 Beds
  • 3 Baths
  • 3,110 ft²
3229 E Campbell Avenue, Phoenix, AZ, 85018 Listing by Scott Graden
Unit for rent at 3229 E Roma Avenue, Phoenix, AZ, 85018

$9,995 /mo

  • 4 Beds
  • 5 Baths
  • 3,629 ft²
3229 E Roma Avenue, Phoenix, AZ, 85018 Listing by Amanda Jo Wallman
Unit for rent at 3057 E Rose Lane, Phoenix, AZ, 85016

$7,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,470 ft²
3057 E Rose Lane, Phoenix, AZ, 85016 Listing by Kelly Martin

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Ken Elder, Long Realty Uptown
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6389556
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 2339 East Montecito Avenue built and last sold?
The property at 2339 East Montecito Avenue was built in 1953 and last sold on May 26, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 2339 East Montecito Avenue is $517,130.
What are some comparable homes to 2339 East Montecito Avenue?
There are currently no comparable homes to 2339 East Montecito Avenue.
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