NOT LISTED FOR SALE

Estimated Value: $379,000 - $527,685

5 Beds
3 Baths
-- Sq Ft
0.27 Acres

Last Sold August 20, 2021

Last sale price $465,000

Est. 2% increase in value since last sale

Current estimated payment $2,583/month

104 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to Mountain View Park
  • Sunnyslope High School Rated A

About This Home

As of August 2021

We are pleased to announce a attractive 3 units on one parcel in the heart of North Phoenix. One is a single family home that has 3 bedroom one bath and a one bedroom one bath duplex. Newer roof newer paint and plumbing over 100k in capital expenditures. Washer and dryer hook up in home. Duplex market rents are $850-to $950 for the one beds currently $500-$600. Home is currently rented at $1375. Proforma rents for house $1450-$1550. Currently collecting $2,500. All facts and figures are approximate buyer verify mls information. Drive by only tenants are unaware of the sale.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 04/06/2021

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $689

Year Built

  • Built in 1965

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Additional Parcels
  • Cooling Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 158-29-006-F

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are irr
  • Ironwood Place Subdivision

Building Details

  • Operating Expense $8,474
  • Gross Income $37,335
  • Net Operating Income $28,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$689

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: Peoria/7th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2019
  • Directions: WEST TO 9TH AVE, NORTH TO CHERYL, EAST TO 8TH AVE, SOUTH TO PROPERTY
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1965.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: Ironwood Place
  • Tax Parcel Letter: F
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Brick Veneer, Painted, Stucco, Block, Brick, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 158-29-006-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 120.0
  • Annual Gross Income: 37335.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 28861.0
  • Annual Operating Expense: 8474.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 689.0
  • Tax Book Number: 158.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Richards Elaine
Bought by
Gerrard Paul and Gerrard Kimberly
Current Estimated Value
$475,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$364,109
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$162,622

Purchase Details

Listed on
Apr 6, 2021
Closed on
Aug 18, 2021
Sold by
Hamid Umair and Hamid Umair Komal
Bought by
Richards Elaine
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$490,000
Sold Price
$465,000
Premium/Discount to List
-$25,000
-5.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$348,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2020
Closed on
Feb 17, 2020
Sold by
Duane Properties 1 Llc
Bought by
Hamid Umair and Hamid Umair Komal
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$355,000
Sold Price
$362,000
Premium/Discount to List
$7,000
1.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.71%
Original Mortgage
$209,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2017
Sold by
Duane Paul F and Duane Jeanne M
Bought by
Duane Properties 1 Llc

Purchase Details

Closed on
Jan 30, 2017
Sold by
Duane Properties 1 Llc
Bought by
Duane Paul F and Duane Jeanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 23, 2015
Closed on
Jan 22, 2016
Sold by
Center Street Lending Fund Iv Spe Llc
Bought by
Duane Properties 1 Llc
Seller's Agent
Mario Montoya
480 Realty & Property Management
Buyer's Agent
Rena Chavez
HomeSmart
List Price
$130,000
Sold Price
$110,000
Premium/Discount to List
-$20,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.64%

Purchase Details

Closed on
Jun 23, 2015
Sold by
D D D & N Investments Llc
Bought by
Center Street Lending Fund Iv Spe Llc

Purchase Details

Closed on
Mar 21, 2014
Sold by
Bjt Holdings Llc
Bought by
Ddd & N Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2012
Sold by
Hoyle Thomas L
Bought by
Wilhoit Rentals Llc

Purchase Details

Closed on
Mar 8, 2012
Sold by
Wilhoit Rentals Llc
Bought by
Bjt Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Hoyle Thomas

Purchase Details

Closed on
Feb 8, 2011
Sold by
Sotelo Antonio and Sotelo Laura
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 30, 2006
Sold by
Sotelo Antonio and Sotelo Laura
Bought by
Walla Properties Llc

Purchase Details

Closed on
Jan 7, 2005
Sold by
Raymar Southwest Properties Llc
Bought by
Sotelo Antonio and Sotelo Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2004
Sold by
Speth Maria Crimi
Bought by
Raymar Southwest Properties Llc

Purchase Details

Closed on
Feb 4, 2003
Sold by
Specialty Properties Investments Corp
Bought by
Speth Maria

Purchase Details

Closed on
Mar 14, 2002
Sold by
Foresight Investment Group Llc
Bought by
Specialty Properties Investments Corp

Purchase Details

Closed on
Apr 13, 2001
Sold by
Pauwels Gerald E and Williams Tom
Bought by
Foresight Investment Group Llc

Purchase Details

Closed on
Jul 16, 1999
Sold by
Woodard William Michael and Woodard Pamela W
Bought by
Pauwels Gerald E and Williams Tom
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gerrard Paul $500,000 Pioneer Title Services
Richards Elaine $465,000 Chicago Title Agency
Hamid Umair $362,000 Chicago Title Agency
Duane Properties 1 Llc -- None Available
Duane Paul F -- Pioneer Title Agency Inc
Duane Properties 1 Llc $115,000 First American Title Ins Co
Center Street Lending Fund Iv Spe Llc $111,897 None Available
Ddd & N Investments Llc $139,000 Clear Title Agency Of Arizon
Wilhoit Rentals Llc $30,000 Guaranty Title Agency
Bjt Holdings Llc $119,000 Stewart Title & Trust Of Pho
Hoyle Thomas $30,000 None Available
Deutsche Bank National Trust Company $43,740 None Available
Walla Properties Llc -- None Available
Sotelo Antonio $190,000 North American Title Company
Raymar Southwest Properties Llc -- --
Speth Maria $154,500 Westland Title Agency Of Az
Specialty Properties Investments Corp -- --
Foresight Investment Group Llc $94,000 Century Title Agency Inc
Pauwels Gerald E $93,824 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerrard Paul $375,000
Previous Owner Richards Elaine $348,750
Previous Owner Hamid Umair $209,000
Previous Owner Duane Paul F $77,000
Previous Owner Ddd & N Investments Llc $97,000
Previous Owner Bjt Holdings Llc $95,000
Previous Owner Sotelo Antonio $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $465,000 0.0% --
07/19/2021 07/19/21 Pending -- -- --
06/12/2021 06/12/21 Price Changed $465,000 -2.1% --
05/07/2021 05/07/21 Price Changed $475,000 -3.1% --
04/06/2021 04/06/21 For Sale $490,000 +35.4% --
03/04/2020 03/04/20 Sold $362,000 +2.0% --
01/09/2020 01/09/20 For Sale $355,000 +222.7% --
01/29/2016 01/29/16 Sold $110,000 -15.4% --
01/13/2016 01/13/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $130,000 -- --
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 $748 $6,119 -- --
2024 $735 $5,827 -- --
2023 $735 $31,080 $6,210 $24,870
2022 $711 $21,270 $4,250 $17,020
2021 $720 $18,370 $3,670 $14,700
2020 $702 $15,880 $3,170 $12,710
2019 $689 $13,230 $2,640 $10,590
2018 $671 $11,080 $2,210 $8,870
2017 $668 $9,480 $1,890 $7,590
2016 $656 $8,900 $1,780 $7,120
2015 $607 $7,260 $1,450 $5,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6217369

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-006F