NOT LISTED FOR SALE

1007 W Indian School Rd Phoenix, AZ 85013

Campus Vista Neighborhood

Estimated Value: $554,000 - $977,000

Studio
3 Baths
1,375 Sq Ft
$515/Sq Ft Est. Value

Sale Details

Date Sold: January 27, 2017

Last sale price $185,000 $135 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $3,927 / mo

189 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of January 2017

GREAT INVESTMENT PROPERTY * TRI-PLEX W LARGE 2-2BEDROOM (AVG 725 SQ FT) & 1-1BEDROOM (AVG 650 SQFT) UNITS * MOST ALL FLOORING IS TILE * LAUNDRY FACILITY AVAILABLE * LOW MAINTENANCE LANDSCAPING * ALL UNITS HAVE REAR PRIVATE COURTYARDS * MOST ALL AC UNITS ARE NEW * EACH UNITS HAS ONE ASSIGNED COVERED PARKING * EACH UNIT HAS STOVE AND FRIDGE * UNITS ARE MONEY MAKERS * CURRENT RENTS ARE WAY BELOW MARKET RENTS * CLOSE TO PUBLIC TRANSPORTATION * RETAIL * EACH UNIT IS OCCUPIED * THERE ARE A TOTAL OF 5 TRI-PLEX'S ALL MUST BE PURCHASED TOGETHER 841,1001, 1007, 1013, 1019 * CALL FOR MORE DETAILS AND INFORMATIO

Last Agent to Sell the Property

Angel Olvera

Realty Marketing Group License #BR033235000 Listed on: 06/16/2016

Co-Listed By

Peggie Simmons

Realty Marketing Group License #BR023095000

Last Buyer's Agent

Michael Collins

DeLex Realty License #BR108753000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $979

Year Built

  • Built in 1953

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 110-11-063

Community Details

Overview

  • 3 Units
  • Building Dimensions are 69X125
  • North Park Central Unit 5 Subdivision

Building Details

  • Operating Expense $4,927
  • Gross Income $22,200
  • Net Operating Income $17,273

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$979

Year Built

Built in 1953

Lot Details

8,799 Sq Ft Lot

Listing Details

  • Cross Street: 7TH AVE & INDIAN SCHOOL RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2015
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rmgp01
  • Co List Office Phone: 480-201-0654
  • Subdivision Name: NORTH PARK CENTRAL UNIT 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • 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

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2448.0

Schools

  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 69X125
  • Additional Parcels: No
  • Parcel #: 110-11-063

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 22200.0
  • Maintenance Expense: 780.0
  • Property Net Operating Income: 17273.0
  • Annual Operating Expense: 4927.0

Tax Info

  • Tax Annual Amount: 979.0
  • Tax Book Number: 110.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2019
Sold by
Hf Glendale Llc
Bought by
The Daphhe At Melrose Llc
Current Estimated Value
$707,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,893,750
Outstanding Balance
$802,236
Interest Rate
4.1%
Mortgage Type
Construction
Estimated Equity
-$94,569

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jan 20, 2017
Sold by
Quintero Jose J
Bought by
Hf Glendale Llc
Seller's Agent
Angel Olvera
Realty Marketing Group
Buyer's Agent
Michael Collins
DeLex Realty
List Price
$249,900
Sold Price
$185,000
Premium/Discount to List
-$64,900
-25.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.70%

Purchase Details

Closed on
Jan 28, 2011
Sold by
Anderson Ramona
Bought by
Quintero Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,225
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2004
Sold by
Weiss Jonathan R
Bought by
Anderson Victor and Anderson Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2002
Sold by
Shaffer Donald E and Shaffer Teresa A
Bought by
Weiss Jonathan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,404
Interest Rate
6.12%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 2002
Sold by
Vanvanphan Phi Van and Nguyen Vung T
Bought by
Shaffer Donald E and Shaffer Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,404
Interest Rate
6.12%
Mortgage Type
FHA
Source: Public Records
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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
The Daphhe At Melrose Llc $2,525,000 Chicago Title Agency Inc
Hf Glendale Llc $185,000 First American Title Ins Co
Quintero Jose J $70,000 Accommodation
Anderson Victor $172,500 First American Title Ins Co
Weiss Jonathan R $168,000 Lawyers Title Of Arizona Inc
Shaffer Donald E $117,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Daphhe At Melrose Llc $1,893,750
Previous Owner Quintero Jose J $68,225
Previous Owner Anderson Victor $138,000
Previous Owner Weiss Jonathan R $165,404
Previous Owner Shaffer Donald E $93,600
Closed Shaffer Donald E $17,550
Closed Anderson Victor $25,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2017 01/27/17 Sold $185,000 -17.7% $135 / Sq Ft
07/27/2016 07/27/16 Price Changed $224,900 -10.0% $164 / Sq Ft
06/16/2016 06/16/16 For Sale $249,900 -- $182 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,396 $10,754 -- --
2024 $1,304 $10,242 -- --
2023 $1,304 $32,930 $6,380 $26,550
2022 $1,296 $22,600 $4,380 $18,220
2021 $1,318 $19,720 $3,820 $15,900
2020 $1,285 $17,860 $3,570 $14,290
2019 $1,229 $16,170 $3,230 $12,940
2018 $1,189 $16,320 $3,260 $13,060
2017 $1,091 $13,420 $2,680 $10,740
2016 $1,053 $11,670 $2,330 $9,340
2015 $979 $10,450 $2,090 $8,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5458549

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-11-063

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