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2429 East Rancho Drive

2429 East Rancho Drive, Phoenix, AZ 85016
Sold Mar 24, 2022
$637,500
Buyer
Seller
$387,500 by First Republic Bank
Mortgage Due Apr 01, 2052
Sold Mar 07, 2007
$509,000
$407,200 by L & G Mortgagebanc Inc
Mortgage Due Apr 01, 2037
Local assessors in Phoenix, AZ have categorized 2429 East Rancho Drive as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 3,193 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2429 East Rancho Drive has a total of 1,789 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of tile. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2429 East Rancho Drive sold most recently in Mar 15, 2022 for a total of $637,500. If you work out the math, that's approximately a cost of $356.34 per sqft. Before that, the property was also sold for $509,000 in Feb 14, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,140 in taxes each year. 2429 East Rancho Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,500. If we break it down further, the land itself was valued at $10,500. Improvements to the property, however, were assessed at a total of $42,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,193
  • Total Building Area: 1,789
  • Gross Building Area: 1,789
  • Building Area: 1,789
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,789
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HEIGHTS OF BILTMORE
  • Land Acres: 0.073
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: HEIGHTS OF BILTMORE MCR 223-12

Ownership

  • Current Owner : AZ TWIN LLC
  • Previous Owner : ALAN ARIAV
  • Owner Before Previous Owner: HOPKINS ROBERT D
  • Owner Before Previous Owner 2: HOPKINS JANET L
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 107800

Zoning

  • Zoning: PAD-MD

Geography

  • Assessors Map Reference: 22312
  • Parcel: 164-69-187
  • Lot: 174
  • Meridian: SEC 14 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.5215
  • Longitude: -112.029

    Address

  • Full Address: 2429 E Rancho Dr
  • Address - House Number: 2429
  • Street Direction: E
  • Address - Street Name: Rancho
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C037
  • 4-Digit Zip Code: 2835
  • Zip Code: 85016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,140
  • Tax Rate Code Area: 381300

    Appraisal Valuation

  • Standard Deviation: 0.0598
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 97
  • Final Value: 638,421
  • High Value: 676,640
  • Low Value: 600,202

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $387,500
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Mar 24, 2022
  • First Open Lien Mortgage Loan Amount: $387,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $525,000
  • Market Land Value: $105,000
  • Market Improvement Value: $420,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,500
  • Assessed Land Value: $10,500
  • Assessed Improvements Value: $42,000

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Transaction ID: 11882817943
  • Current Sale Price: $637,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 264638
  • Previous Sale Recording Date: Mar 07, 2007
  • Previous Sale Contract Date: Feb 14, 2007
  • Previous Sale Amount: $509,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Mar 24, 2022
  • First Mortgage Loan Amount: $387,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: L & G MORTGAGEBANC INC
  • Previous Mortgage Transaction Date: Mar 07, 2007
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $407,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2037

About Camelback East



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Frequently Asked Questions

What neighborhood is 2429 East Rancho Drive located in?
The 2429 East Rancho Drive is a townhouse located in the neighborhood of Heights of Biltmore in Camelback East, Phoenix.
What is the average sales price for listings in 2429 East Rancho Drive?
The average sales price for units in 2429 East Rancho Drive is $0 currently.

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