NOT LISTED FOR SALE

Estimated Value: $490,677 - $694,000

1 Bed
-- Bath
1,152 Sq Ft
$521/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $500,000 $434 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,257/month

7 Days on Market

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 5-minute walk to Mountain View Park
  • Sunnyslope High School Rated A

About This Home

As of January 2021

Excellent Opportunity to own a cash flowing asset in an up and coming neighborhood. This quad-plex has undergone significant capital improvements, including a new roof, new A/C units, new electrical wiring, new plumbing, new dual pane windows, new cosmetic upgrades to the bathrooms, porcelain tile floors, updated kitchens, stainless steel appliances, recessed lighting, private patios and large common area,, security gates and more. Property is professionally managed with ability for new owner to take advantage of increasing the current rents. Do not disturb occupants

Last Agent to Sell the Property

Kevin Simshauser

HomeSmart License #SA678575000 Listed on: 11/25/2020

Last Buyer's Agent

Kimberly Schmidt

HomeSmart License #BR664412000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $822

Year Built

  • Built in 1981

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Glendale High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 158-29-014

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11,337 SF
  • Ironwood Place Subdivision

Building Details

  • Operating Expense $822
  • Gross Income $41,488
  • Net Operating Income $37,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$822

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 7th Ave and Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Year Built: 1981
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: IRONWOOD PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 11,337 SF
  • Additional Parcels: No
  • Parcel #: 158-29-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 41487.84
  • Property Net Operating Income: 37436.0
  • Annual Operating Expense: 822.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 822.0
  • Tax Book Number: 158.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Jan 12, 2021
Sold by
10033 9Th Ave Llc
Bought by
Kriegsfeld Matthew S and Kriegsfeld Mary T
Seller's Agent
Kevin Simshauser
HomeSmart
Buyer's Agent
Kimberly Schmidt
HomeSmart
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%
Current Estimated Value
$600,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,669
Avg. Annual Appreciation
5.51%
Original Mortgage
$375,000
Outstanding Balance
$338,282
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$304,495

Purchase Details

Closed on
Feb 20, 2020
Sold by
Gonzalez Cruz Robles
Bought by
Martin Joyce A

Purchase Details

Closed on
Oct 22, 2019
Sold by
True Freedom Achievers Llc
Bought by
10033 9Th Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 26, 2019
Sold by
Martin Joyce Anne and Rebelez Cruz Gonzalez
Bought by
Freedom Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 19, 2019
Sold by
Freedom Real Estate Llc
Bought by
Tru Freedom Achiveves Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 6, 2015
Sold by
Martin Joyce Anne
Bought by
Martin Joyce Anne and Rebelez Cruz Gonzalez

Purchase Details

Closed on
Jun 27, 2013
Sold by
Ling Robert
Bought by
Martin Joyce Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
3.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 1, 2011
Sold by
Four J Enterprises
Bought by
Ling Robert

Purchase Details

Closed on
Apr 8, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Four J Enterprises

Purchase Details

Closed on
Oct 29, 2009
Sold by
Cheeseboro Benjamin
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jul 12, 2005
Sold by
Cheeseboro Benjamin
Bought by
The Benjamin Cheeseboro Living Trust and Cheeseboro Benjamin

Purchase Details

Closed on
Apr 6, 2005
Sold by
Nguyen Molly
Bought by
Cheeseboro Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2004
Sold by
Atkinson Karen A
Bought by
Nguyen Molly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,675
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Ordonez Wayne
Bought by
Atkinson Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 1999
Sold by
Fry Stephen Eugene
Bought by
Ordonez Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,327
Interest Rate
6.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kriegsfeld Matthew S $500,000 Old Republic Title Agency
Martin Joyce A -- Wfg National Title Ins Co
10033 9Th Ave Llc $270,000 Driggs Title Agency Inc
Freedom Real Estate Llc $220,000 West Title
Tru Freedom Achiveves Llc $257,000 West Title
Martin Joyce Anne -- None Available
Martin Joyce Anne $54,000 None Available
Ling Robert $90,000 Lawyers Title Of Arizona Inc
Four J Enterprises $75,000 First American Title Ins Co
Hsbc Bank Usa National Association $110,000 Accommodation
The Benjamin Cheeseboro Living Trust -- --
Cheeseboro Benjamin $250,000 Security Title Agency Inc
Nguyen Molly $224,500 Tsa Title Agency
Atkinson Karen A $182,000 Tsa Title Agency
Ordonez Wayne $112,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kriegsfeld Matthew S $375,000
Previous Owner 10033 9Th Ave Llc $243,000
Previous Owner Tru Freedom Achiveves Llc $225,000
Previous Owner Cheeseboro Benjamin $175,000
Previous Owner Nguyen Molly $168,675
Previous Owner Atkinson Karen A $163,800
Previous Owner Ordonez Wayne $112,327
Closed Cheeseboro Benjamin $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2021 01/28/21 Sold $500,000 +0.2% $434 / Sq Ft
01/21/2021 01/21/21 For Sale $499,000 0.0% $433 / Sq Ft
01/21/2021 01/21/21 Price Changed $499,000 0.0% $433 / Sq Ft
01/14/2021 01/14/21 Price Changed $499,000 0.0% $433 / Sq Ft
11/27/2020 11/27/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $499,000 -- $433 / 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 $876 $7,162 -- --
2024 $860 $6,821 -- --
2023 $860 $37,250 $7,450 $29,800
2022 $832 $26,110 $5,220 $20,890
2021 $843 $22,300 $4,460 $17,840
2020 $822 $19,950 $3,990 $15,960
2019 $807 $16,110 $3,220 $12,890
2018 $786 $13,610 $2,720 $10,890
2017 $782 $11,530 $2,300 $9,230
2016 $767 $10,900 $2,180 $8,720
2015 $711 $8,900 $1,780 $7,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6164699

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-014