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2817 East Michigan Avenue

2817 East Michigan Avenue, Phoenix, AZ 85032
Sold Nov 16, 2021
$490,000
$470,349 by Better Mortgage Corporation Is
Mortgage Due Feb 01, 2052
Sold Aug 06, 2021
$506,700
2817 East Michigan Avenue in Phoenix, AZ was first built in 2016 and is 8 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2817 East Michigan Avenue has 1,734 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,123 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of concrete. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with a refrigeration air conditioning system. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2817 East Michigan Avenue sold most recently in Nov 15, 2021 for a total of $490,000. If you work out the math, that's approximately a cost of $282.58 per sqft. Before that, the property was also sold for $506,700 in Jul 30, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,271 in taxes each year. 2817 East Michigan Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $42,180. If we break it down further, the land itself was valued at $8,430. Improvements to the property, however, were assessed at a total of $33,750. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,123
  • Total Building Area: 1,734
  • Gross Building Area: 1,734
  • Building Area: 1,734
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,734
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK 16
  • Land Acres: 0.141
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARK 16 MCR 1221-40

Ownership

  • Current Owner : MOTAMARRI VEERABABU
  • Current Owner 2: DODDI SIVANAGA JYOTSNA
  • Previous Owner : OPENDOOR PROPERTY TRUST I
  • Owner Before Previous Owner: SCOTT NICHOLAS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 122140
  • Parcel: 214-02-731
  • Lot: 4
  • Meridian: SEC 35 TWN 4N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.6522
  • Longitude: -112.021

    Address

  • Full Address: 2817 E Michigan Ave
  • Address - House Number: 2817
  • Street Direction: E
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C094
  • 4-Digit Zip Code: 1181
  • Zip Code: 85032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,271
  • Tax Rate Code Area: 691300

    Appraisal Valuation

  • Standard Deviation: 0.1856
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 511,636
  • High Value: 606,605
  • Low Value: 416,667

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $470,349
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION IS
  • First Open Lien Mortgage Recording Date: Feb 01, 2022
  • First Open Lien Mortgage Loan Amount: $470,349
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $421,800
  • Market Land Value: $84,300
  • Market Improvement Value: $337,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,180
  • Assessed Land Value: $8,430
  • Assessed Improvements Value: $33,750

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 16, 2021
  • Current Sale Transaction ID: 11865913848
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211225243
  • Previous Sale Recording Date: Aug 06, 2021
  • Previous Sale Contract Date: Jul 30, 2021
  • Previous Sale Amount: $506,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OPENDOOR HOME LOANS LLC
  • First Mortgage Transaction Date: Nov 16, 2021
  • First Mortgage Loan Amount: $465,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Paradise Valley



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Frequently Asked Questions

What neighborhood is 2817 East Michigan Avenue located in?
The 2817 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 2817 East Michigan Avenue?
The average sales price for units in 2817 East Michigan Avenue is $0 currently.

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