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5040 North 2nd Street

5040 North 2nd Street, Phoenix, AZ 85012
Property in Windsor Square
Sold Feb 12, 2021
$410,000
Sold May 18, 2016
$376,000
$300,800 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2046
Local assessors in Phoenix, AZ have categorized 5040 North 2nd Street as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 7,261 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5040 North 2nd Street has a total of 1,885 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of block were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. 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, 5040 North 2nd Street sold most recently in Jan 26, 2021 for a total of $410,000. If you work out the math, that's approximately a cost of $217.51 per sqft. Before that, the property was also sold for $376,000 in May 2, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,121 in taxes each year. 5040 North 2nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $56,030. If we break it down further, the land itself was valued at $11,200. Improvements to the property, however, were assessed at a total of $44,830. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,261
  • Total Building Area: 1,885
  • Gross Building Area: 1,885
  • Building Area: 1,885
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,885
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WINDSOR SQUARE BLOCK 2 LOTS 1 THRU 31
  • Land Acres: 0.167
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WINDSOR SQUARE BLOCK 2 LOTS 1 THRU 31 MCR 20/37

Ownership

  • Current Owner : COOK RACHEL NICOLE
  • Previous Owner : DUNN MICHAEL A
  • Previous Owner 2: DUNN GRACE N
  • Owner Before Previous Owner: NICOLAIDES JOHN L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 107500

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 2037
  • Parcel: 162-20-062
  • Block: 2
  • Lot: 9
  • Meridian: SEC 17 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.5105
  • Longitude: -112.071

    Address

  • Full Address: 5040 N 2nd St
  • Address - House Number: 5040
  • Street Direction: N
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C032
  • 4-Digit Zip Code: 1502
  • Zip Code: 85012

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,121
  • Tax Rate Code Area: 381308

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 695,676
  • High Value: 800,021
  • Low Value: 591,331

    Market Valuation

  • Market Total Value: $560,300
  • Market Land Value: $112,000
  • Market Improvement Value: $448,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,030
  • Assessed Land Value: $11,200
  • Assessed Improvements Value: $44,830

    Sales

  • Current Sale Contract Date: Jan 26, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Transaction ID: 11817277377
  • Current Sale Price: $410,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210163595
  • Previous Sale Recording Date: May 18, 2016
  • Previous Sale Contract Date: May 02, 2016
  • Previous Sale Amount: $376,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Feb 12, 2021
  • First Mortgage Loan Amount: $397,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: May 18, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $300,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2046

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Frequently Asked Questions

What neighborhood is 5040 North 2nd Street located in?
The 5040 North 2nd Street is a located in the neighborhood of Windsor Square in Alhambra, Phoenix.
What is the average sales price for listings in 5040 North 2nd Street?
The average sales price for units in 5040 North 2nd Street is $0 currently.

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