NOT LISTED FOR SALE

Estimated Value: $399,000 - $520,303

-- Bed
2 Baths
1,826 Sq Ft
$243/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $143,500 $79 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $2,561/month

3 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A
  • Central Air

About This Home

As of May 2016

Look at CAP Rate! Priced to sell, selling as is. Large lot with 2 homes. Additional space on lot and zoned for an additional duplex on property. Great long term tenant in back home. New roof on front unit, new A/C's and exterior paint on both units. Back unit OCCUPIED, 1 bedroom 1 bath completely remodeled with new cabinets, appliances, and paint. Private gated yard; rent $565/mo. Front unit currently vacant, 2 bedrooms 1 bath has additional storage unit; rent $700 per month. 2 driveways with plenty of parking. Beautiful mt views, surrounded by amenities -Library, park, and more. Electric and gas separate meters, owner pays water. Great Investment Opportunity!

Last Listed By

Marcy Cork

HomeSmart Realty License #SA113719000 Listed on: 04/01/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $778

Year Built

  • Built in 1947

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • RV or Boat Parking

Schools

  • Washington Elementary School
  • Washington Elementary School - Phoenix Middle School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, sewer
  • The owner pays for trash collection, water
  • Tax Lot 18
  • Assessor Parcel Number 159-35-099

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 75 x 120
  • Waltmore Subdivision

Building Details

  • Operating Expense $2,338
  • Net Operating Income $12,722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$778

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2015
  • Directions: East on Dunlap to property on North side.
  • Road Surface Type: Asphalt
  • Subdivision Name: WALTMORE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • 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: RV/Boat Parking, Add'l Parking Avail
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

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

Lot Info

  • Lot Size: 75 x 120
  • Additional Parcels: No
  • Parcel #: 159-35-099

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Sewer
  • Number Of Units Total: 2
  • Property Net Operating Income: 12722.0
  • Annual Operating Expense: 2338.0

Tax Info

  • Tax Annual Amount: 778.0
  • Tax Book Number: 159.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 5, 2016
Sold by
Olaje Diana Nercedes
Bought by
Prado Vazquez Victor G
Seller's Agent
Marcy Cork
HomeSmart Realty
Buyer's Agent
Francisco Navarro
DeLex Realty
List Price
$139,999
Sold Price
$143,500
Premium/Discount to List
$3,501
2.5%
Total Days on Market
3
Current Estimated Value
$443,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,826
Avg. Annual Appreciation
14.62%
Original Mortgage
$140,900
Outstanding Balance
$114,421
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$378,320

Purchase Details

Listed on
Mar 8, 2013
Closed on
Jun 17, 2013
Sold by
Cork Marcella A and Cork Robert C
Bought by
December Llc
Seller's Agent
Gregory Hauger
Real Broker
Buyer's Agent
Marcy Cork
HomeSmart Realty
List Price
$30,000
Sold Price
$53,000
Premium/Discount to List
$23,000
76.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.32%

Purchase Details

Listed on
Mar 8, 2013
Closed on
Jun 5, 2013
Sold by
Lastre Henry and Lastre Stephanie
Bought by
Cork Marcella and Cork Robert
Seller's Agent
Gregory Hauger
Real Broker
Buyer's Agent
Marcy Cork
HomeSmart Realty
List Price
$30,000
Sold Price
$53,000
Premium/Discount to List
$23,000
76.67%

Purchase Details

Closed on
Jun 3, 2005
Sold by
Lastre Stephanie
Bought by
Lastre Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,750
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2005
Sold by
1008 E Dunlap Ave Llc
Bought by
Lastre Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,750
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2004
Sold by
Healy Thomas W and Healy Kathrine L
Bought by
1008 E Dunlap Ave Llc

Purchase Details

Closed on
Apr 24, 2003
Sold by
Oehlerking Theodore and Oehlerking Sharon K
Bought by
Healy Thomas W and Healy Kathrine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,300
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving

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
Prado Vazquez Victor G -- Pioneer Title Agency Inc
Prado Vazquez Victor G $143,500 Pioneer Title Agency Inc
December Llc -- Fidelity National Title Agen
Cork Marcella $53,000 Fidelity National Title Agen
Lastre Henry -- Fidelity National Title Agen
Lastre Henry -- Land Title Agency Of Az Inc
Lastre Henry $175,000 Land Title Agency Of Az Inc
1008 E Dunlap Ave Llc -- --
Healy Thomas W $113,728 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prado Vazquez Victor G $140,900
Closed Prado Vazquez Victor G $140,900
Previous Owner Lastre Henry $82,700
Previous Owner Lastre Henry $43,750
Previous Owner Lastre Henry $122,500
Previous Owner Healy Thomas W $11,300
Previous Owner Healy Thomas W $90,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $143,500 +2.5% $79 / Sq Ft
04/01/2016 04/01/16 For Sale $139,999 +164.1% $77 / Sq Ft
06/26/2013 06/26/13 Sold $53,000 0.0% $29 / Sq Ft
03/15/2013 03/15/13 Pending -- -- --
03/14/2013 03/14/13 Off Market $53,000 -- --
03/08/2013 03/08/13 For Sale $30,000 -- $16 / 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 $959 $7,837 -- --
2024 $941 $7,464 -- --
2023 $941 $31,930 $6,380 $25,550
2022 $910 $21,960 $4,390 $17,570
2021 $922 $18,550 $3,710 $14,840
2020 $899 $15,870 $3,170 $12,700
2019 $883 $13,610 $2,720 $10,890
2018 $860 $10,360 $2,070 $8,290
2017 $855 $8,960 $1,790 $7,170
2016 $840 $8,530 $1,700 $6,830
2015 $778 $7,130 $1,420 $5,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5421532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-35-099