$410,000
SOLD MAY 9, 2016
-- Bed
-- Bath
1,624 Sq Ft
0.53 Acres

Recently Sold

$252 Per Sq Ft

37% Below List Price

92 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Concrete Flooring
  • Sunnyslope High School Rated A
  • Ceiling Fan
  • Heating Available

About This Home

As of September 2017

8 UNITS , GREAT LOOKING BUILDINGS. ALL 2 BD ALL ON 1 LEVEL (4 DUPLEX'S).W/NEWER AC'S.UNITS HAVE BEEN RE-MODLED W/ NEW PAINT ECT. GOOD RENT HISTORY,EASY TO RENT. MOTIVATED SELLER!!! CONTACT US TODAY!

Last Agent to Sell the Property

Bianca Bennett

Prestige Realty License #SA641752000 Listed on: 11/23/2015

Prestige Realty

Last Buyer's Agent

Bianca Bennett

Prestige Realty License #SA641752000 Listed on: 11/23/2015

Prestige Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,512

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Glendale High Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 158-29-023

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are IRR
  • Ironwood Place Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $5,312
  • Gross Income $47,520
  • Net Operating Income $44,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,512

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: PEORIA & 11TH AV
  • Property Type: Multiple Dwellings
  • Zoning: MUL
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2015
  • Directions: N. ON 19TH AV TO PEORIA E.TO 11TH S.TO CHERYL PROPERTY ON CORNER OF 11TH AV & CHERYL
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: IRONWOOD PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Shutters2: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 3800.0

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 158-29-023

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 8
  • Annual Gross Income: 47520.0
  • Property Net Operating Income: 44000.0
  • Annual Operating Expense: 5311.6
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1511.6
  • Tax Book Number: 158.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Azip 11 Ave Llc
Bought by
11Auto Llc
Total Days on Market
92
Current Estimated Value
$995,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,783,000
Outstanding Balance
$2,676,455
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$1,765,087

Purchase Details

Closed on
Jun 26, 2019
Sold by
Saal Andrea
Bought by
Azip 11Th Ave Llc

Purchase Details

Listed on
Jul 13, 2017
Closed on
Sep 7, 2017
Sold by
11Th Avenue Apartments Llc
Bought by
Saal Andrea
Seller's Agent
Ryan Smith
ZENDOOR
Buyer's Agent
Stacy Fitzgerald
BLD Real Estate
List Price
$520,000
Sold Price
$510,000
Premium/Discount to List
-$10,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$357,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 23, 2015
Closed on
May 2, 2016
Sold by
Mangu Florica
Bought by
11Th Avenue Apartments Llc
Seller's Agent
Bianca Bennett
Prestige Realty
Buyer's Agent
Bianca Bennett
Prestige Realty
List Price
$649,999
Sold Price
$410,000
Premium/Discount to List
-$239,999
-36.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.00%
Original Mortgage
$307,500
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2014
Sold by
Zamfir Florica
Bought by
Mangu Dimitru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 30, 2001
Sold by
Rismoen Jeanette L
Bought by
Mangu Dumitru and Mangu Suzanne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2000
Sold by
Hays James C
Bought by
Rismoen Jeanette L and Rismoen Daniel Eric

Purchase Details

Closed on
Jul 31, 1995
Sold by
Handzel James M and Handzel Sharon C
Bought by
Hays James C and Hays Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,131
Interest Rate
7.61%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Stewart Title & Trust Of Phoen
Special Warranty Deed -- Stewart Title & Trust Of Phoen
Warranty Deed -- None Available
Warranty Deed $510,000 Empire West Title Agency Llc
Special Warranty Deed $410,000 Thomas Title & Escrow
Interfamily Deed Transfer -- Fidelity National Title Agen
Warranty Deed $278,000 First American Title
Interfamily Deed Transfer -- Ati Title Agency
Warranty Deed $207,500 Ati Title Agency
Joint Tenancy Deed $182,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,783,000 New Conventional
Closed $2,783,000 New Conventional
Previous Owner $500,000 Commercial
Previous Owner $357,000 Commercial
Previous Owner $307,500 Commercial
Previous Owner $45,000 Stand Alone Second
Previous Owner $208,500 New Conventional
Previous Owner $26,131 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $510,000 -1.9% $314 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $520,000 +26.8% $320 / Sq Ft
05/09/2016 05/09/16 Sold $410,000 -36.9% $252 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $649,999 -- $400 / 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 $1,863 $15,235 -- --
2024 $1,829 $14,509 -- --
2023 $1,829 $78,230 $15,640 $62,590
2022 $1,770 $54,510 $10,900 $43,610
2021 $1,793 $46,300 $9,260 $37,040
2020 $1,748 $41,070 $8,210 $32,860
2019 $1,716 $33,760 $6,750 $27,010
2018 $1,671 $28,410 $5,680 $22,730
2017 $1,663 $23,350 $4,670 $18,680
2016 $1,632 $22,500 $4,500 $18,000
2015 $1,512 $19,530 $3,900 $15,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5365981

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-023