NOT LISTED FOR SALE

Estimated Value: $491,901 - $624,000

-- Bed
-- Bath
2,048 Sq Ft
$268/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $360,000 $176 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,160/month

7 Days on Market

Highlights

  • Evaporated cooling system
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2020

This is a great opportunity to own a triplex located in between the desirable Garfield Historical District and North Garfield Historical District. All three units are well maintained and updated in the last couple years. All three tenants are on a month to month with rents under average for this size unit. All three units have individual meters for gas and electricity which are paid by the tenants.

Last Agent to Sell the Property

George Laughton

My Home Group Real Estate License #SA579470000 Listed on: 10/02/2020

My Home Group Real Estate

Co-Listed By

Juan Ramirez

Jason Mitchell Real Estate License #SA582207000

Last Buyer's Agent

Belinda Butler Li

My Home Group Real Estate License #SA670656000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1964

Lot Details

  • 5,750

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Legal Lot and Block 22 / 4
  • Assessor Parcel Number 116-56-096-D

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • La Tourrette Place Subdivision

Building Details

  • Operating Expense $2,784
  • Gross Income $28,200
  • Net Operating Income $14,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 16th St and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2020
  • Directions: From I-10, South on 16th St, West on Roosevelt, North on 15th St to property on SE corner.
  • Road Surface Type: Concrete
  • Co List Office Mls Id: myhg21
  • Co List Office Phone: 623-242-9459
  • Subdivision Name: LA TOURRETTE PLACE
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 116-56-096-D

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 28200.0
  • Maintenance Expense: 50.0
  • Property Net Operating Income: 14557.0
  • Annual Operating Expense: 2784.0
  • Vacancy Allowance Rate: 2.0

Tax Info

  • Tax Annual Amount: 1174.0
  • Tax Block: 4
  • Tax Book Number: 116.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Oct 29, 2020
Sold by
Cid Abel
Bought by
Moore Minea L
Seller's Agent
George Laughton
My Home Group Real Estate
Buyer's Agent
Belinda Butler Li
My Home Group Real Estate
List Price
$359,000
Sold Price
$360,000
Premium/Discount to List
$1,000
0.28%
Current Estimated Value
$548,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,975
Avg. Annual Appreciation
9.66%
Original Mortgage
$288,000
Outstanding Balance
$259,610
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$291,696

Purchase Details

Closed on
Nov 1, 2006
Sold by
Decid Olga Ramirez
Bought by
Cid Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,900
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Gill Tej
Bought by
Cid Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,900
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2005
Sold by
Rudin James G
Bought by
Gill Tej

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 28, 2003
Sold by
Musse Abdi Abschir
Bought by
Rudin James G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2003
Sold by
Musse Abdi Abschir
Bought by
Rudin James G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2001
Sold by
Taylor Lisa M
Bought by
Musse Abdi Abschir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.91%
Mortgage Type
Assumption

Purchase Details

Closed on
Dec 16, 1999
Sold by
Abramo Peter Vincent
Bought by
Taylor Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,561
Interest Rate
7.69%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 4, 1996
Sold by
Hossa Edward J and Hossa Julie Ann
Bought by
Abramo Peter Vincent and Jdj College Fund Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,006
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Moore Minea L $360,000 Chicago Title Agency Inc
Cid Abel -- Security Title Agency Inc
Cid Abel $227,000 Security Title Agency
Gill Tej $215,000 Arizona Title Agency Inc
Rudin James G $135,000 Arizona Title Agency Inc
Rudin James G $165,000 Arizona Title Agency Inc
Musse Abdi Abschir $162,132 Security Title Agency
Taylor Lisa M $163,000 Security Title Agency
Abramo Peter Vincent $135,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Minea L $288,000
Previous Owner Cid Abel $52,250
Previous Owner Cid Abel $158,900
Previous Owner Gill Tej $161,250
Previous Owner Rudin James G $108,000
Previous Owner Rudin James G $132,000
Previous Owner Musse Abdi Abschir $20,000
Previous Owner Taylor Lisa M $147,561
Previous Owner Abramo Peter Vincent $49,006
Previous Owner Hossa Edward J $71,111
Closed Rudin James G $24,750
Closed Rudin James G $20,250
Closed Gill Tej $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $360,000 +0.3% $176 / Sq Ft
09/22/2020 09/22/20 For Sale $359,000 -- $175 / 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 $1,225 $9,159 -- --
2024 $1,213 $8,723 -- --
2023 $1,213 $36,820 $7,360 $29,460
2022 $1,170 $26,110 $5,220 $20,890
2021 $1,161 $22,410 $4,480 $17,930
2020 $1,174 $21,070 $4,210 $16,860
2019 $1,173 $15,450 $3,090 $12,360
2018 $1,153 $13,780 $2,750 $11,030
2017 $1,126 $13,410 $2,680 $10,730
2016 $1,093 $10,220 $2,040 $8,180
2015 $1,012 $8,450 $1,690 $6,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6137741

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-56-096D