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2602 East Kings Avenue

2602 East Kings Avenue, Phoenix, AZ 85032
Multifamily in Bell Park
Sold Jan 04, 2022
$298,000
$238,000 by Residential Property Investmen
Mortgage
Sold Nov 02, 2017
$122,000
2602 East Kings Avenue has been categorized by the local assessors in Phoenix, AZ as a residential type of property. The building on the property was first built in 1961 and is 63 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2602 East Kings Avenue has 350 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 7,518 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a mobile home style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as poor. 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 wood 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 aluminum. 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, 2602 East Kings Avenue was last sold in Jan 3, 2022 for $298,000. According to our calculations, that's $851.43 per sqft. Prior to that sales transaction, the property was sold for $122,000 in Oct 31, 2017. Current property owners are expected to pay $690 in taxes per year. The property on 2602 East Kings Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $8,530. To break that down further, the land itself was valued at $5,160. While improvements to the property were assessed at a total of $3,370. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Mobile home
  • Roof Cover Type: Aluminium
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,518
  • Total Building Area: 350
  • Gross Building Area: 350
  • Building Area: 350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 350
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELL PARK 4
  • Land Acres: 0.173
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: BELL PARK 4 MCR 84/33

Ownership

  • Current Owner : SIGMA PROPERTY INVESTMENTS LLC
  • Previous Owner : RESIDENTIAL PROP INVESTMENT & MGMT LLC
  • Owner Before Previous Owner: QUANTIC PROPERTIES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Paradise Valley Unified District
  • Census Tract: 103305

Zoning

  • Zoning: M-M

Geography

  • Assessors Map Reference: 8433
  • Parcel: 214-29-036
  • Lot: 187
  • Meridian: SEC 2 TWN 3N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.6364
  • Longitude: -112.026

    Address

  • Full Address: 2602 E Kings Ave
  • Address - House Number: 2602
  • Street Direction: E
  • Address - Street Name: Kings
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C031
  • 4-Digit Zip Code: 2928
  • Zip Code: 85032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $690
  • Tax Rate Code Area: 691300

    Appraisal Valuation

  • Standard Deviation: 0.1452
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 166,689
  • High Value: 190,907
  • Low Value: 142,471

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $238,000
  • First Open Lien Mortgage Lender: RESIDENTIAL PROPERTY INVESTMEN
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $238,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $85,300
  • Market Land Value: $51,600
  • Market Improvement Value: $33,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,530
  • Assessed Land Value: $5,160
  • Assessed Improvements Value: $3,370

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Transaction ID: 11876295776
  • Current Sale Price: $298,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20220010285
  • Previous Sale Recording Date: Nov 02, 2017
  • Previous Sale Contract Date: Oct 31, 2017
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL PROPERTY INVESTMEN
  • First Mortgage Transaction Date: Jan 04, 2022
  • First Mortgage Loan Amount: $238,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Paradise Valley



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2602 East Kings Avenue located in?
The 2602 East Kings Avenue is a multifamily located in the neighborhood of Bell Park in Paradise Valley, Phoenix.
What is the average sales price for listings in 2602 East Kings Avenue?
The average sales price for units in 2602 East Kings Avenue is $300,000 currently.

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