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5640 South Montezuma Street

5640 South Montezuma Street, Phoenix, AZ 85041
Property in South Mountain
Sold Dec 21, 2021
$1,700,000
$1,181,000 by Cbre Capital Markets Inc
Mortgage Due Apr 01, 2029
Sold Sep 25, 2015
$178,000
$124,600 by Academy Mortgage Corp
Mortgage Due Oct 01, 2045
5640 South Montezuma Street in Phoenix, AZ was first built in 1964 and is 60 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. It is a single story home. 5640 South Montezuma Street has 2,632 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 14,810 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt and ply sheets in a built-up roof style. 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 tilt-up (pre-cast concrete) control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with a evaporative cooler. As for heating, the home is utilizing floor/wall 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, 5640 South Montezuma Street was last sold in Dec 20, 2021 for $1,700,000. According to our calculations, that's $645.90 per sqft. Prior to that sales transaction, the property was sold for $178,000 in Sep 10, 2015. Current property owners are expected to pay $946 in taxes per year. The property on 5640 South Montezuma Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $35,420. To break that down further, the land itself was valued at $7,080. While improvements to the property were assessed at a total of $28,340. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Tilt-up (pre-cast concrete)
  • Building Style: Quadplex
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 2,632
  • Gross Building Area: 2,632
  • Building Area: 2,632
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Evaporative cooler
  • Heating: Floor/wall
  • Heated Square Feet: 2,632
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.34
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: E2 E2 NE4 SW4 SW4 EX N 448 & EX S 105.73 & EX E 25 .34 AC

Ownership

  • Current Owner : 5632 5646 S MONTEZUMA ST LLC
  • Previous Owner : FALEWICZ CRIAG
  • Owner Before Previous Owner: ASHURT NSHE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 115802

Zoning

  • Zoning: M-M

Geography

  • Parcel: 113-39-015-C
  • Meridian: SEC 29 TWN 1N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.3945
  • Longitude: -112.078

    Address

  • Full Address: 5640 S Montezuma St
  • Address - House Number: 5640
  • Street Direction: S
  • Address - Street Name: Montezuma
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C016
  • 4-Digit Zip Code: 4825
  • Zip Code: 85041

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $946
  • Tax Rate Code Area: 661300

    Appraisal Valuation

  • Standard Deviation: 0.142
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 492,393
  • High Value: 562,352
  • Low Value: 422,433

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,181,000
  • First Open Lien Mortgage Lender: CBRE CAPITAL MARKETS INC
  • First Open Lien Mortgage Recording Date: Mar 21, 2022
  • First Open Lien Mortgage Loan Amount: $1,181,000
  • First Open Lien Mortgage Term: 84
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2029

    Market Valuation

  • Market Total Value: $354,200
  • Market Land Value: $70,800
  • Market Improvement Value: $283,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,420
  • Assessed Land Value: $7,080
  • Assessed Improvements Value: $28,340

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Transaction ID: 11875640230
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20211350836
  • Previous Sale Recording Date: Sep 25, 2015
  • Previous Sale Contract Date: Sep 10, 2015
  • Previous Sale Amount: $178,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 25, 2015
  • Previous Mortgage Loan Amount: $124,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About South Mountain



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Frequently Asked Questions

What neighborhood is 5640 South Montezuma Street located in?
The 5640 South Montezuma Street is a located in the neighborhood of South Mountain in South Mountain, Phoenix.
What is the average sales price for listings in 5640 South Montezuma Street?
The average sales price for units in 5640 South Montezuma Street is $0 currently.

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