NOT LISTED FOR SALE

Estimated Value: $363,402 - $467,000

4 Beds
-- Bath
1,681 Sq Ft
$260/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $279,000 $166 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,385/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of February 2020

Value add duplex investment opportunity in a high demand rental area of North Central Phoenix. Fully occupied community on a corner lot. Two spacious 2 bedroom/1 bathroom units individually metered for electricity with 840 SF of living space. Built of block construction in 1961, units are in good condition with in suite laundry, ceramic tile flooring throughout, tile surround showers, ceiling fans, and window coverings. Each units has a backyard and an attached carport space with extended driveway offering plenty of parking. The building is conveniently located in North Central phoenix off 19th and Peoria Ave, within just a few minutes of the Interstate 17 and Metrocenter Mall. Value add opportunity - update unit interiors and add curb appeal.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 01/16/2020

Coldwell Banker Commercial Realty

Last Buyer's Agent

Joshua Gonzalez

Compass License #SA576867000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $847

Year Built

  • Built in 1961

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Schools

  • Mountain View - Waddell Elementary And Middle School
  • Sunnyslope Elementary High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 193
  • Assessor Parcel Number 158-38-029

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6500 sf
  • Skycrest 2 Subdivision

Building Details

  • Operating Expense $847

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$847

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 19th and Cinnabar Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: SKYCREST 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Mountain View - Waddell
  • High School: Sunnyslope Elementary School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Mountain View - Waddell

Lot Info

  • Lot Size: 6500 sf
  • Additional Parcels: No
  • Parcel #: 158-38-029

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 847.0

Tax Info

  • Tax Annual Amount: 847.0
  • Tax Book Number: 158.00
  • Tax Lot: 193

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Feb 11, 2020
Sold by
Pkk Investments Llc
Bought by
Rodriguez Miguel Valencia
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Joshua Gonzalez
Compass
List Price
$279,000
Sold Price
$279,000
Current Estimated Value
$437,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,851
Avg. Annual Appreciation
8.12%
Original Mortgage
$150,000
Outstanding Balance
$132,815
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$305,037

Purchase Details

Closed on
Feb 26, 2019
Sold by
Kass Terry
Bought by
Pkk Investments Llc

Purchase Details

Closed on
Feb 7, 2019
Sold by
Ruckman Kass Mary and Kass Terry
Bought by
Kass Terry

Purchase Details

Closed on
Feb 6, 2019
Sold by
Pkk Investments Llc
Bought by
Tkmp Investments Llc

Purchase Details

Closed on
May 11, 2011
Sold by
Wasta Llc
Bought by
Pkk Investments Llc

Purchase Details

Closed on
Jan 21, 2011
Sold by
Wsnp Investments Llc
Bought by
Wasta Llc

Purchase Details

Closed on
Jan 6, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Wsnp Investments Llc

Purchase Details

Closed on
Nov 29, 2010
Sold by
Gastelum Emigdio and Gastellum Emigdio
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Aug 8, 2005
Sold by
Han Larry E
Bought by
Gastellum Emigdio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rodriguez Miguel Valencia $279,000 Grand Canyon Title Agency
Pkk Investments Llc $200,000 Pioneer Title Agency Inc
Kass Terry -- Pioneer Title Agency Inc
Tkmp Investments Llc -- Pioneer Title Agency Inc
Kass Terry $192,000 Pioneer Title Agency Inc
Pkk Investments Llc $70,439 Chicago Title
Pkk Investments Llc $70,439 Chicago Title
Wasta Llc $30,500 Great American Title Agency
Wsnp Investments Llc $30,500 Great American Title Agency
Deutsche Bank National Trust Company $46,000 Great American Title Agency
Gastellum Emigdio $190,000 Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Miguel Valencia $150,000
Previous Owner Gastellum Emigdio $152,000
Closed Gastellum Emigdio $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2020 02/25/20 Sold $279,000 0.0% $166 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $279,000 -- $166 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $955 $7,517 -- --
2024 $903 $7,159 -- --
2023 $903 $22,150 $4,430 $17,720
2022 $873 $16,820 $3,360 $13,460
2021 $884 $15,250 $3,050 $12,200
2020 $862 $14,970 $2,990 $11,980
2019 $847 $12,150 $2,430 $9,720
2018 $824 $7,880 $1,570 $6,310
2017 $820 $8,760 $1,750 $7,010
2016 $805 $8,000 $1,600 $6,400
2015 $746 $9,780 $1,950 $7,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6025313

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-38-029