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2534 North 87th Way

2534 North 87th Way, Scottsdale, AZ 85257
Sold Oct 08, 2021
$650,000
$520,000 by Envoy Mortgage Ltd
Mortgage Due Nov 01, 2051
Sold Jun 15, 2021
$660,100
2534 North 87th Way has been categorized by the local assessors in Scottsdale, AZ as a residential type of property. The building on the property was first built in 1972 and is 52 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2534 North 87th Way has 2,097 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,128 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2534 North 87th Way was last sold in Oct 4, 2021 for $650,000. According to our calculations, that's $309.97 per sqft. Prior to that sales transaction, the property was sold for $660,100 in Jun 14, 2021. Current property owners are expected to pay $1,725 in taxes per year. The property on 2534 North 87th Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $49,330. To break that down further, the land itself was valued at $9,860. While improvements to the property were assessed at a total of $39,470. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 5,128
  • Total Building Area: 2,097
  • Gross Building Area: 2,097
  • Building Area: 2,097
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,097
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PIMA MEADOWS 2 LOTS 65-78
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PIMA MEADOWS 2 LOTS 65-78 MCR 135-20

Ownership

  • Current Owner : MEVAWALA GEORGE
  • Previous Owner : OPENDOOR PROPERTY TRUST I
  • Owner Before Previous Owner: GINDLESPERGER MICHAEL R
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 26, 2024

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 217800

Zoning

  • Zoning: TH

Geography

  • Assessors Map Reference: 13520
  • Parcel: 131-42-161
  • Lot: 62
  • Meridian: SEC 36 TWN 2N RNG 4E
  • Municipality: SCOTTSDALE
  • Latitude: 33.4763
  • Longitude: -111.893

    Address

  • Full Address: 2534 N 87th Way
  • Address - House Number: 2534
  • Street Direction: N
  • Address - Street Name: 87th
  • Address - Suffix Type: Way
  • State: AZ
  • City Name: Scottsdale
  • Carrier Code: C009
  • 4-Digit Zip Code: 2421
  • Zip Code: 85257

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,725
  • Tax Rate Code Area: 481400

    Appraisal Valuation

  • Standard Deviation: 0.1479
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 753,091
  • High Value: 864,507
  • Low Value: 641,676

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $520,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $520,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $493,300
  • Market Land Value: $98,600
  • Market Improvement Value: $394,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,330
  • Assessed Land Value: $9,860
  • Assessed Improvements Value: $39,470

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859027925
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211090236
  • Previous Sale Recording Date: Jun 15, 2021
  • Previous Sale Contract Date: Jun 14, 2021
  • Previous Sale Amount: $660,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 2534 North 87th Way located in?
The 2534 North 87th Way is a house located in the neighborhood of Pima Meadows in South Scottsdale, Scottsdale.
What is the average sales price for listings in 2534 North 87th Way?
The average sales price for units in 2534 North 87th Way is $0 currently.

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