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8148 West Patrick Lane

8148 West Patrick Lane, Peoria, AZ 85383
Property in Patrick Acres
Sold Aug 09, 1994
$127,000
$90,000 by Colonial Mtg & Investment Inc
Mortgage Due Sep 01, 2024
Sold Jul 13, 1994
Transfer
$117,100 by Desert Development & Design Co
Mortgage
8148 West Patrick Lane has been categorized by the local assessors in Peoria, AZ as a residential type of property. The building on the property was first built in 1995 and is 29 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8148 West Patrick Lane has 1,721 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 38,972 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. 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 wood. 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. 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, 8148 West Patrick Lane sold most recently in Aug 3, 1994 for a total of $127,000. If you work out the math, that's approximately a cost of $73.79 per sqft. 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 $2,250 in taxes each year. 8148 West Patrick Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $47,130. If we break it down further, the land itself was valued at $9,420. Improvements to the property, however, were assessed at a total of $37,710. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 38,972
  • Total Building Area: 1,721
  • Gross Building Area: 1,721
  • Building Area: 1,721
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,721
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PATRICK ACRES
  • Land Acres: 0.895
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PATRICK ACRES MCR 377-47

Ownership

  • Current Owner : MORGAN JAMES J
  • Current Owner 2: MORGAN THERESA M
  • Previous Owner : DESERT DEVELOPMENT & DESIGN CORP
  • Owner Before Previous Owner: DESERT DEVELOPMENT & DESIGN CORP
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Peoria Unified School District
  • Census Tract: 613900

Zoning

  • Zoning: R-18

Geography

  • Assessors Map Reference: 37747
  • Parcel: 200-07-042
  • Lot: 5
  • Meridian: SEC 14 TWN 4N RNG 1E
  • Municipality: PEORIA
  • Latitude: 33.6929
  • Longitude: -112.235

    Address

  • Full Address: 8148 W Patrick Ln
  • Address - House Number: 8148
  • Street Direction: W
  • Address - Street Name: Patrick
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Peoria
  • Carrier Code: R033
  • 4-Digit Zip Code: 1610
  • Zip Code: 85383

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,250
  • Tax Rate Code Area: 111200

    Appraisal Valuation

  • Standard Deviation: 0.1047
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 89
  • Final Value: 670,815
  • High Value: 741,092
  • Low Value: 600,539

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,000
  • First Open Lien Mortgage Lender: COLONIAL MTG & INVESTMENT INC
  • First Open Lien Mortgage Recording Date: Aug 09, 1994
  • First Open Lien Mortgage Loan Amount: $90,000
  • 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: Sep 01, 2024

    Market Valuation

  • Market Total Value: $471,300
  • Market Land Value: $94,200
  • Market Improvement Value: $377,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,130
  • Assessed Land Value: $9,420
  • Assessed Improvements Value: $37,710

    Sales

  • Current Sale Contract Date: Aug 03, 1994
  • Current Sale Recording Date: Aug 09, 1994
  • Current Sale Transaction ID: 1015507984
  • Current Sale Price: $127,000
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: 94-0600205
  • Previous Sale Recording Date: Jul 13, 1994
  • Previous Sale Contract Date: Nov 30, 1993
  • Previous Sale Document Type: Joint Tenancy Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLONIAL MTG & INVESTMENT INC
  • First Mortgage Transaction Date: Aug 09, 1994
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2024

    Previous Mortgages

  • Previous Mortgage Lender: DESERT DEVELOPMENT & DESIGN CO
  • Previous Mortgage Transaction Date: Jul 13, 1994
  • Previous Mortgage Loan Amount: $117,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Patrick Acres



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8148 West Patrick Lane located in?
The 8148 West Patrick Lane is a located in the neighborhood of Patrick Acres in Patrick Acres, Peoria.
What is the average sales price for listings in 8148 West Patrick Lane?
The average sales price for units in 8148 West Patrick Lane is $0 currently.

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