$750,000
SOLD DEC 23, 2021
-- Bed
-- Bath
1,813 Sq Ft
8,625 Sq Ft Lot

Recently Sold

$414 Per Sq Ft

7% Above List Price

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

Realty Executives License #SA536392000 Listed on: 11/03/2020

Realty Executives

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

Home Design

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

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating Available
  • Master Water Meter

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • 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
  • Year Built: 1948
  • Tax Year: 2019
  • Directions: EAST ON HATCHER TO 102 EAST HATCHER ON THE NORTH SIDE OF THE STREET
  • Road Surface Type: Asphalt
  • Subdivision Name: Piedmont
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • 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
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • 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
Realty Executives
Buyer's Agent
Edson Salas
ES Realty
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.32%
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

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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
Warranty Deed $362,500 Great American Ttl Agcy Inc
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $227,500 Russ Lyon Title Llc
Interfamily Deed Transfer $79,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $336,692 Future Advance Clause Open End Mortgage
Previous Owner $105,000 New Conventional
Previous Owner $147,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 For Sale $1,470,000 +117.8% --
10/22/2024 10/22/24 Price Changed $674,999 -0.7% --
10/06/2024 10/06/24 For Sale $679,999 0.0% --
10/02/2024 10/02/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $679,999 -9.3% --
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 $927 $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

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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