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2602 East Michigan Avenue

2602 East Michigan Avenue, Phoenix, AZ 85032
Sold Apr 25, 2019
$229,000
$826,242,000 by Morgan Stanley Mortgage Capita
Mortgage
Sold Jan 07, 2019
$224,500
$400,000,000 by Deutsche Bank National Trust C
Mortgage
2602 East Michigan 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 1982 and is 42 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, 2602 East Michigan Avenue has 1,512 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 7,149 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 both a unknown and a unknown. 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. The property was last sold in Apr 18, 2019 for $229,000. That's $151.46 per sqft. Prior to that sales transaction, the property was also sold in Dec 27, 2018 for $224,500. 2602 East Michigan Avenue was last assessed in 2023. The total value of the property was assessed at $29,780. Specifically, the land the property is located on was valued at $5,950. While improvements on the property were assessed at a total of $23,830. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,324. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 5
  • 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

    Dimensions

  • Lot Size Square Feet: 7,149
  • Total Building Area: 1,512
  • Gross Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PEPPER RIDGE UNIT 3
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PEPPER RIDGE UNIT 3 MCR 231-08

Ownership

  • Current Owner : CERBERUS SFR HOLDINGS III LP
  • Previous Owner : OPENDOOR PROPERTY D LLC
  • Owner Before Previous Owner: YOSHIDA DANIEL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Paradise Valley Unified District
  • Census Tract: 619500

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 23108
  • Parcel: 214-06-203
  • Lot: 199
  • Meridian: SEC 35 TWN 4N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.6515
  • Longitude: -112.025

    Address

  • Full Address: 2602 E Michigan Ave
  • Legal Unit: 3
  • Address - House Number: 2602
  • Street Direction: E
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C095
  • 4-Digit Zip Code: 1028
  • Zip Code: 85032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,324
  • Tax Rate Code Area: 691300

    Appraisal Valuation

  • Standard Deviation: 0.1605
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 425,104
  • High Value: 493,342
  • Low Value: 356,866

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $826,242,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY MORTGAGE CAPITA
  • First Open Lien Mortgage Recording Date: Aug 20, 2020
  • First Open Lien Mortgage Loan Amount: $826,242,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $297,800
  • Market Land Value: $59,500
  • Market Improvement Value: $238,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,780
  • Assessed Land Value: $5,950
  • Assessed Improvements Value: $23,830

    Sales

  • Current Sale Contract Date: Apr 18, 2019
  • Current Sale Recording Date: Apr 25, 2019
  • Current Sale Transaction ID: 11600574810
  • Current Sale Price: $229,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190294320
  • Previous Sale Recording Date: Jan 07, 2019
  • Previous Sale Contract Date: Dec 27, 2018
  • Previous Sale Amount: $224,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: DEUTSCHE BANK NATIONAL TRUST C
  • Previous Mortgage Transaction Date: Jan 07, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $400,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Paradise Valley



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Frequently Asked Questions

What neighborhood is 2602 East Michigan Avenue located in?
The 2602 East Michigan Avenue is a house located in the neighborhood of Pepper Ridge in Paradise Valley, Phoenix.
What is the average sales price for listings in 2602 East Michigan Avenue?
The average sales price for units in 2602 East Michigan Avenue is $0 currently.

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