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Phoenix 85042 South Mountain
746 E GARY Lane
Photo of 746 E GARY Lane
Sold on Dec 18, 2020

50

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Photo of 746 E GARY Lane
Photo of 746 E GARY Lane
$360,000
● House - Off Market

746 E GARY Lane

Phoenix, AZ 85042
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,935 Ft²
$494,382
RealtyHop Estimate
39.26%
Since Jan 1, 2021
AZ-Phoenix
Primary Model

About This Property

Beautiful, highly upgraded home!  Start with the premium lot that backs to common space also no direct neighbor to the east ($12,000 builder lot premium) and add over $60,000 in builder upgrades! Enjoy the great room concept with stunning kitchen.  The multi slide/arcadia doors are the show stopper here.  Perfect for the indoor outdoor Arizona lifestyle.  The north/south exposure gives you views of the city and South Mountain.  Upstairs you will find three bedrooms and a very nice sized loft!  Teen room?  Office? Second living room?  Perfect flex space to work your way.  Generous master suite with dual vanities and separate tub and shower.  The back yard features raised planters, perfect for the urban farmer!  Don't forget the community pool for those warm AZ days.  This one will go quick
Unit Size
1,935 Ft²
Days on Market
67 days
Land Size
0.12 acres
Price per sqft
$183
Property Type
House
Property Taxes
$224
HOA Dues
$144
Year Built
2015

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (ARMLS #6131790)

Price History

Date / Event Date Event Price
Dec 18, 2020 Sold
Premium
Sold
Sep 13, 2020 Listed by Long Realty Uptown $355,000
Listed by Long Realty Uptown
Oct 30, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,171
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGES AT VERONA
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: VILLAGES AT VERONA MCR 1180-49

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 116703

Zoning

  • Zoning: R-10

Geography

  • Parcel: 300-19-124
  • Lot: 81
  • Municipality: PHOENIX
  • Latitude: 33.3738
  • Longitude: -112.064

    Address

  • Full Address: 746 E Gary Ln
  • Address - House Number: 746
  • Street Direction: E
  • Address - Street Name: Gary
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C101
  • 4-Digit Zip Code: 6648
  • Zip Code: 85042

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $278,486
  • Tax Rate Code Area: 661300

    Appraisal Valuation

  • Standard Deviation: 0.1488
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 476,384
  • High Value: 547,294
  • Low Value: 405,475

    Market Valuation

  • Market Total Value: $350,600
  • Market Land Value: $70,100
  • Market Improvement Value: $280,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,060
  • Assessed Land Value: $7,010
  • Assessed Improvements Value: $28,050

    Sales

  • Current Sale Contract Date: Dec 10, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20201255158
  • Previous Sale Recording Date: Oct 30, 2015
  • Previous Sale Contract Date: Oct 28, 2015
  • Previous Sale Amount: $289,944
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Mountain

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$249

Below Asking

0.02%

Average Days on Market

75

Average Home Size

1858 ft²

Average Home Age

27.4 years

Currently For Sale

317 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2201 E Euclid Avenue, Phoenix, AZ, 85042

$6,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,895 ft²
2201 E Euclid Avenue, Phoenix, AZ, 85042 Listing by Carlie Back
Unit for rent at 1118 E Paseo Way, Phoenix, AZ, 85042

$5,700 /mo

  • 3 Beds
  • 3 Baths
  • 2,481 ft²
1118 E Paseo Way, Phoenix, AZ, 85042 Listing by Robert Maurice
Unit for rent at 417 E Summerside Road, Phoenix, AZ, 85042

$6,600 /mo

  • 4 Beds
  • 3 Baths
  • 3,160 ft²
417 E Summerside Road, Phoenix, AZ, 85042 Listing by Judith Crane

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Ken Elder, Long Realty Uptown
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6131790
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 746 East Gary Lane built and last sold?
The property at 746 East Gary Lane was built in 2015 and last sold on Dec 10, 2020 for $360,000.
How much is this home worth?
The estimated value of the home located at 746 East Gary Lane is $367,241.
What are some comparable homes to 746 East Gary Lane?
There are currently no comparable homes to 746 East Gary Lane.
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