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Phoenix 85028 Mountain Side Estates
2460 E CHERYL Drive
Photo of 2460 E CHERYL Drive
Sold on Mar 27, 2024

79

Map

Photo of 2460 E CHERYL Drive
Photo of 2460 E CHERYL Drive
$825,000
● House - Off Market

2460 E CHERYL Drive

Phoenix, AZ 85028
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,452 Ft²
$4,329
Est. Monthly

About This Property

Magnificent 4-bedroom home nestled on a sprawling corner lot with breathtaking mountain views! The home features an enticing private heated pool and spa, complemented by a covered patio that invites relaxation and entertainment. The updated kitchen and bathrooms showcase modern elegance, while a built-in office/workspace adjacent to the primary bedroom provides a seamless blend of functionality and style. Embrace the seamless indoor-outdoor living experience with a slider door leading to the outdoor patio, where you can relish the fresh air and stunning surroundings. With no HOA to restrict your lifestyle, and a freshly painted exterior adding to the pristine curb appeal, this property exemplifies a rare opportunity for a lifestyle of unmatched refinement and tranquility!
Unit Size
2,452 Ft²
Days on Market
29 days
Land Size
0.25 acres
Price per sqft
$336
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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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: 5 months ago (ARMLS #6665233)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Feb 16, 2024 Listed by My Home Group Real Estate $825,000
Listed by My Home Group Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 2
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,991
  • Total Building Area: 2,452
  • Gross Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,452
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNTAIN SIDE ESTATES
  • Land Acres: 0000000252
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: MOUNTAIN SIDE ESTATES MCR 156-47

Neighborhood

  • School District Name: Paradise Valley Unified District
  • Census Tract: 104801

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: 15647
  • Parcel: 165-05-294
  • Lot: 1
  • Meridian: SEC 26 TWN 3N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.5788
  • Longitude: -112.028

    Address

  • Full Address: 2460 E Cheryl Dr
  • Address - House Number: 2460
  • Street Direction: E
  • Address - Street Name: Cheryl
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C050
  • 4-Digit Zip Code: 4317
  • Zip Code: 85028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,874
  • Tax Rate Code Area: 691300

    Appraisal Valuation

  • Standard Deviation: 0.06
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 97
  • Final Value: 815,326
  • High Value: 864,253
  • Low Value: 766,399

    Market Valuation

  • Market Total Value: $590,300
  • Market Land Value: $118,000
  • Market Improvement Value: $472,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,030
  • Assessed Land Value: $11,800
  • Assessed Improvements Value: $47,230

    Sales

  • Current Sale Contract Date: Mar 27, 2024
  • Current Sale Recording Date: Mar 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 156499
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 Paradise Valley

Stats & Trends

Median Asking:

$700,000

Sale Price/ft²

$375

Below Asking

0.02%

Average Days on Market

71

Average Home Size

3063 ft²

Average Home Age

33.9 years

Currently For Sale

811 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 1101 E Ruth Avenue, Phoenix, AZ, 85020

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,977 ft²
1101 E Ruth Avenue, Phoenix, AZ, 85020 Listing by Alec J Maher
Unit for rent at 1502 E Dunlap Avenue, Phoenix, AZ, 85020

$2,695 /mo

  • 4 Beds
  • 3 Baths
  • 2,446 ft²
1502 E Dunlap Avenue #4, Phoenix, AZ, 85020 Listing by Samir Sawhney
Unit for rent at 1221 E Mescal Street, Phoenix, AZ, 85020

$1,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,080 ft²
1221 E Mescal Street, Phoenix, AZ, 85020 Listing by Amy Krueger

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6665233
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 2460 East Cheryl Drive built and last sold?
The property at 2460 East Cheryl Drive was built in 1976 and last sold on Mar 27, 2024 for $825,000.
How much is this home worth?
The estimated value of the home located at 2460 East Cheryl Drive is $854,612.
What are some comparable homes to 2460 East Cheryl Drive?
There are currently no comparable homes to 2460 East Cheryl Drive.
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