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2723 West Cottonwood Lane

2723 West Cottonwood Lane, Phoenix, AZ 85045
Sold Oct 07, 2015
$312,000
$249,600 by Bank Of America Na
Mortgage Due Nov 01, 2045
Sold May 31, 2012
$293,000
2723 West Cottonwood Lane 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 2004 and is 20 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2723 West Cottonwood Lane has 2,590 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 5,500 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 3 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 B by the local assessor. The roof of the building is made of concrete. The exterior walls of the building are made of a combination of material. 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, 2723 West Cottonwood Lane was last sold in Sep 9, 2015 for $312,000. According to our calculations, that's $120.46 per sqft. Prior to that sales transaction, the property was sold for $293,000 in Apr 23, 2012. Current property owners are expected to pay $2,788 in taxes per year. The property on 2723 West Cottonwood Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $41,670. To break that down further, the land itself was valued at $8,330. While improvements to the property were assessed at a total of $33,340. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 5,500
  • Total Building Area: 2,590
  • Gross Building Area: 2,590
  • Building Area: 2,590
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,590
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOOTHILLS RESERVE PARCEL D
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOOTHILLS RESERVE PARCEL D MCR 569-39

Ownership

  • Current Owner : CHEUNG LISA Y
  • Current Owner 2: CHEUNG LISA YIM FONG
  • Previous Owner : DATTANI KRISTIN
  • Owner Before Previous Owner: SPEEDWAGON RESIDENTIAL PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 116730

Zoning

  • Zoning: C-C

Geography

  • Assessors Map Reference: 56939
  • Parcel: 300-05-525
  • Lot: 25
  • Municipality: PHOENIX
  • Latitude: 33.2931
  • Longitude: -112.119

    Address

  • Full Address: 2723 W Cottonwood Ln
  • Address - House Number: 2723
  • Street Direction: W
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C012
  • 4-Digit Zip Code: 2228
  • Zip Code: 85045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,788
  • Tax Rate Code Area: 281300

    Appraisal Valuation

  • Standard Deviation: 0.1278
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 593,578
  • High Value: 669,452
  • Low Value: 517,703

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $249,600
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Oct 07, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $249,600
  • 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, 2045

    Market Valuation

  • Market Total Value: $416,700
  • Market Land Value: $83,300
  • Market Improvement Value: $333,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,670
  • Assessed Land Value: $8,330
  • Assessed Improvements Value: $33,340

    Sales

  • Current Sale Contract Date: Sep 09, 2015
  • Current Sale Recording Date: Oct 07, 2015
  • Current Sale Transaction ID: 1321919965
  • Current Sale Price: $312,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-0721948
  • Previous Sale Recording Date: May 31, 2012
  • Previous Sale Contract Date: Apr 23, 2012
  • Previous Sale Amount: $293,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 07, 2015
  • First Mortgage Loan Amount: $249,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2045

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2723 West Cottonwood Lane located in?
The 2723 West Cottonwood Lane is a located in the neighborhood of Foothills Reserve in Ahwatukee Foothills, Phoenix.
What is the average sales price for listings in 2723 West Cottonwood Lane?
The average sales price for units in 2723 West Cottonwood Lane is $0 currently.

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