NOT LISTED FOR SALE

Estimated Value: $418,040

Studio
-- Bath
1,400 Sq Ft
$299/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2016

Last sale price $135,000 $96 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $2,349 / mo

369 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2016

Excellent CASH FLOW rental property with low taxes, low maintenance and great tenants who pay on time. Too many interior and exterior improvements to list for these 2-bedroom duplex units. True 9% CAP Investment! Low expenses, most capital items are relatively new and excellent potential for upside rents. This is a terrific cash flow investment for your client looking for good, long term monthly income.

Last Agent to Sell the Property

Jon Conelly

FSR Realty License #BR094120000 Listed on: 06/23/2015

Last Buyer's Agent

Jon Conelly

Mandalay Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $444

Year Built

  • Built in 1950

Lot Details

  • 7,928

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 121-72-015

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7942

Building Details

  • Operating Expense $889
  • Net Operating Income $13,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$444

Year Built

Built in 1950

Lot Details

7,928 Sq Ft Lot

Listing Details

  • Cross Street: 32nd Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, 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:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 7942
  • Additional Parcels: No
  • Parcel #: 121-72-015

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 445.0
  • Property Net Operating Income: 13675.0
  • Annual Operating Expense: 889.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 444.0
  • Tax Book Number: 121.00
  • Tax Lot: 15

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Bought by
Current Estimated Value
$418,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,554
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2011
Sold by
Bought by

Purchase Details

Closed on
May 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0627%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
0.0589%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
0.0691%

Purchase Details

Closed on
Sep 20, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
0.0691%

Purchase Details

Closed on
May 24, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
0.0867%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$135,000 Pioneer Title Agency Inc
$35,200 Great American Title Agency
$47,000 Great American Title Agency
-- North American Title Co
$105,000 First American Title Ins Co
-- Land Title Agency
-- Land Title Agency
$57,500 Capital Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $132,554
Previous Owner $100,000
Previous Owner $21,000
Previous Owner $84,000
Previous Owner $63,000
Previous Owner $51,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/23/2016 12/23/16 Sold $135,000 0.0% $96 / Sq Ft
08/05/2016 08/05/16 Off Market $135,000 -- --
06/20/2016 06/20/16 Pending -- -- --
06/08/2016 06/08/16 Price Changed $139,900 -6.7% $100 / Sq Ft
06/17/2015 06/17/15 For Sale $149,900 -- $107 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $643 $5,114
2024 $611 $4,870
2023 $611 $24,030 $4,800 $19,230
2022 $586 $17,670 $3,530 $14,140
2021 $605 $14,760 $2,950 $11,810
2020 $589 $12,210 $2,440 $9,770
2019 $586 $9,670 $1,930 $7,740
2018 $573 $7,810 $1,560 $6,250
2017 $550 $7,850 $1,570 $6,280
2016 $528 $6,160 $1,230 $4,930
2015 $492 $4,850 $970 $3,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5297615

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-72-015

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