NOT LISTED FOR SALE

102 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $433,000 - $665,000

-- Bed
4 Baths
1,813 Sq Ft
$303/Sq Ft Est. Value

Last Sold December 23, 2021

Last sale price $750,000 $414 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $2,949/month

378 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of December 2021

GREAT INCOME PROPERTY POTENTIAL. THIS LISTING IS FOR 2 LOTS WITH A FOUR-PLEX ON EACH 102 EAST HATCHER AND 9404 NORTH 2ND PLACE. 102 HATCHER IS 4-ONE BEDROOM UNITS, 9404 2ND PLACE IS 4-TWO BEDROOM UNITS. PROPERTY IS BEING SOLD AS-IS WITH NO REPAIRS TO BE MADE BY SELLER. DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Gary Heaps

Fathom Realty Elite License #SA536392000 Listed on: 11/03/2020

Fathom Realty Elite

Last Buyer's Agent

Edson Salas

ES Realty License #BR578194000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $853

Year Built

  • Built in 1948

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 41 & 42
  • Assessor Parcel Number 159-44-041

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 15,912
  • Piedmont Subdivision

Building Details

  • Operating Expense $853
  • Gross Income $41,040
  • Net Operating Income $41,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$853

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: CENTRAL ROAD & HATCHER ROAD
  • Property Type: Multiple Dwellings
  • Zoning: R-5 & R1-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: Piedmont
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 15,912
  • Additional Parcels: Yes
  • Parcel #: 159-44-041

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Annual Gross Income: 41040.0
  • Property Net Operating Income: 41440.0
  • Annual Operating Expense: 853.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 853.0
  • Tax Book Number: 159.00
  • Tax Lot: 41 & 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Nov 3, 2021
Sold by
Dewall Karen and Dewall Karen D
Bought by
102 E Hatcher Operations Llc
Seller's Agent
Gary Heaps
Fathom Realty Elite
Buyer's Agent
Edson Salas
ES Realty
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Current Estimated Value
$549,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$200,764
Avg. Annual Appreciation
-7.48%
Original Mortgage
$336,692
Interest Rate
2.98%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 15, 2021
Sold by
Gaylyn B Betker Trust and Little Charlotte
Bought by
Dewall Karen D

Purchase Details

Closed on
Mar 17, 2017
Sold by
Betker Gaylyn B
Bought by
Betker Gaylyn B and Gaylyn B Betker Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2016
Sold by
Betker Gaylyn B
Bought by
Betker Gaylyn B and Gaylyn B Betker Trust

Purchase Details

Closed on
Aug 24, 2016
Sold by
Dewall Karen and Dewall Betker Karen
Bought by
Betker Gaylyn B

Purchase Details

Closed on
Feb 16, 2005
Sold by
Maccarone Mariano and Maccarone Giuseppa
Bought by
Betker Gaylyn B and Betker Karen Dewall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1995
Sold by
Bruce Holley Inc and Holley Bruce
Bought by
B H Property & Management Inc and Holley Bruce
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
102 E Hatcher Operations Llc $362,500 Great American Ttl Agcy Inc
Dewall Karen D -- None Listed On Document
Betker Gaylyn B -- Accommodation
Betker Gaylyn B -- First American Title
Betker Gaylyn B -- None Available
Betker Gaylyn B -- None Available
Betker Gaylyn B $227,500 Russ Lyon Title Llc
B H Property & Management Inc $79,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 102 E Hatcher Operations Llc $336,692
Previous Owner Betker Gaylyn B $105,000
Previous Owner Betker Gaylyn B $147,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2021 12/23/21 Sold $750,000 0.0% $414 / Sq Ft
11/03/2020 11/03/20 Off Market $750,000 -- --
10/16/2020 10/16/20 For Sale $700,000 -- $386 / 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 $963 $7,577 -- --
2024 $910 $7,216 -- --
2023 $910 $30,060 $6,010 $24,050
2022 $880 $21,280 $4,250 $17,030
2021 $891 $18,250 $3,650 $14,600
2020 $869 $15,810 $3,160 $12,650
2019 $853 $13,660 $2,730 $10,930
2018 $831 $10,420 $2,080 $8,340
2017 $827 $9,050 $1,810 $7,240
2016 $812 $8,280 $1,650 $6,630
2015 $752 $7,110 $1,420 $5,690
Source: Public Records

Agents Affiliated with this Home

  • Gary Heaps

    Seller's Agent in 2021

    Gary Heaps

    Fathom Realty Elite

    (602) 989-8122

    1 in this area

    22 Total Sales

    Gary Heaps
    Section Image
  • Edson Salas

    Buyer's Agent in 2021

    Edson Salas

    ES Realty

    (602) 319-0985

    4 in this area

    77 Total Sales

    Edson Salas
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6155349

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-44-041

Arizona Maricopa County Phoenix 85020 North Central

102 E Hatcher Rd, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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