Check Availability

1507 East Sheraton Lane

1507 East Sheraton Lane, Phoenix, AZ 85040
Property in Ridgefield
Sold Dec 16, 2015
$122,000
$237,000 by Define Mortgage Solutions Llc
Mortgage Due Jun 01, 2052
Sold May 27, 2005
$150,000
$120,000 by Us Bank Na Nd
Mortgage Due Jun 01, 2035
1507 East Sheraton Lane has been categorized by the local assessors in Phoenix, AZ as a residential type of property. The building on the property was first built in 2004 and is 20 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1507 East Sheraton Lane has 1,352 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 2,240 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 is one available parking space. 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 C by the local assessor. The roof of the building is made of concrete. The exterior walls of the building are made of a combination of material. 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. The property was last sold in Dec 4, 2015 for $122,000. That's $90.24 per sqft. Prior to that sales transaction, the property was also sold in May 10, 2005 for $150,000. 1507 East Sheraton Lane was last assessed in 2023. The total value of the property was assessed at $22,310. Specifically, the land the property is located on was valued at $4,460. While improvements on the property were assessed at a total of $17,850. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $968. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,240
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,352
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGEFIELD
  • Land Acres: 0.051
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIDGEFIELD MCR 616-08

Ownership

  • Current Owner : ORTIZ FRANCISCA
  • Previous Owner : VITAL PETE
  • Previous Owner 2: VITAL LYDIA VILLEGAS
  • Owner Before Previous Owner: MORRISSEY BRENDA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 115900

Zoning

  • Zoning: M-M

Geography

  • Assessors Map Reference: 61608
  • Parcel: 113-54-191
  • Lot: 174
  • Meridian: SEC 28 TWN 1N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.4001
  • Longitude: -112.049

    Address

  • Full Address: 1507 E Sheraton Ln
  • Address - House Number: 1507
  • Street Direction: E
  • Address - Street Name: Sheraton
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C003
  • 4-Digit Zip Code: 2375
  • Zip Code: 85040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $968
  • Tax Rate Code Area: 661300

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 336,600
  • High Value: 390,911
  • Low Value: 282,290

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $237,000
  • First Open Lien Mortgage Lender: DEFINE MORTGAGE SOLUTIONS LLC
  • First Open Lien Mortgage Recording Date: May 13, 2022
  • First Open Lien Mortgage Loan Amount: $237,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $223,100
  • Market Land Value: $44,600
  • Market Improvement Value: $178,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,310
  • Assessed Land Value: $4,460
  • Assessed Improvements Value: $17,850

    Sales

  • Current Sale Contract Date: Dec 04, 2015
  • Current Sale Recording Date: Dec 16, 2015
  • Current Sale Transaction ID: 1376700722
  • Current Sale Price: $122,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-0889207
  • Previous Sale Recording Date: May 27, 2005
  • Previous Sale Contract Date: May 10, 2005
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 16, 2015
  • First Mortgage Loan Amount: $122,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA ND
  • Previous Mortgage Transaction Date: May 27, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About South Mountain



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 7904 S 29th Place, Phoenix, AZ, 85042

$5,650 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,901 ft²
7904 S 29th Place, Phoenix, AZ, 85042 Listing by Susan Bassal
Unit for rent at 7904 S 24th Place, Phoenix, AZ, 85042

$3,180 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,243 ft²
7904 S 24th Place, Phoenix, AZ, 85042 Listing by Jalynn M Manser
Unit for rent at 1903 E Latona Road, Phoenix, AZ, 85042

$4,999 /mo

  • 4 Beds
  • 3 Baths
  • 2,987 ft²
1903 E Latona Road, Phoenix, AZ, 85042 Listing by Hannah Maman
Unit for rent at 2549 E Chipman Road, Phoenix, AZ, 85040

$2,699 /mo

  • 5 Beds
  • 2 Baths
  • 1,281 ft²
2549 E Chipman Road, Phoenix, AZ, 85040 Listing by Karl Kessler
Unit for rent at 5632 S. Montezuma St., Phoenix, AZ, 85041

$1,295 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
5632 S. Montezuma St. #5632 S. Montezuma St. # 03, Phoenix, AZ, 85041 Listing by Manager
Unit for rent at 2437 E Alta Vista Rd, Phoenix, AZ, 85042

$9,975 /mo

  • 5 Beds
  • 3 Baths
  • 2,450 ft²
2437 E Alta Vista Rd, Phoenix, AZ, 85042 Listing by Manager
Unit for rent at 1628r E Sunland Avenue, Phoenix, AZ, 85040

$2,440 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
1628r E Sunland Avenue, Phoenix, AZ, 85040 Listing by Manager

Frequently Asked Questions

What neighborhood is 1507 East Sheraton Lane located in?
The 1507 East Sheraton Lane is a located in the neighborhood of Ridgefield in South Mountain, Phoenix.
What is the average sales price for listings in 1507 East Sheraton Lane?
The average sales price for units in 1507 East Sheraton Lane is $0 currently.

Nearby Counties
Quantcast