NOT LISTED FOR SALE

1042 E Townley Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $300,000 - $671,000

6 Beds
5 Baths
1,278 Sq Ft
$451/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $380,000 $297 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,108/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Sunnyslope High School Rated A

About This Home

As of September 2019

Incredible investment! Well maintained 5 units with 4 one bedroom units in one building and 1 separate two bedroom unit. Features include assigned carports, security screens, refrigerators, ranges, central ACs, exterior paint 2019, roof 2015. Also available for sale on the same street are 7 individual units.

Last Agent to Sell the Property

Troy Koehler

Realty ONE Group License #SA543884000 Listed on: 08/15/2019

Last Buyer's Agent

Stacy Fitzgerald

BLD Real Estate License #BR572835000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,460

Year Built

  • Built in 1961

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 160-02-052-B

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 8024 sf

Building Details

  • Operating Expense $6,680
  • Gross Income $27,840
  • Net Operating Income $22,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,460

Year Built

Built in 1961

Lot Details

8,015 Sq Ft Lot

Listing Details

  • Cross Street: 7th St. and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Unknown
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 2498.0

Lot Info

  • Lot Size: 8024 sf
  • Additional Parcels: No
  • Parcel #: 160-02-052-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 27840.0
  • Insurance Expense: 2722.0
  • Property Net Operating Income: 22620.0
  • Annual Operating Expense: 6680.0

Tax Info

  • Tax Annual Amount: 1460.0
  • Tax Book Number: 160.00
  • Tax Lot: --

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Azip Llc
Bought by
11Auto Llc
Current Estimated Value
$575,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,783,000
Outstanding Balance
$2,433,542
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$1,857,766

Purchase Details

Listed on
Aug 15, 2019
Closed on
Sep 10, 2019
Sold by
Gomez Raul and Gomez Guadalupe
Bought by
Azip Llc
Seller's Agent
Troy Koehler
Realty ONE Group
Buyer's Agent
Stacy Fitzgerald
BLD Real Estate
List Price
$379,900
Sold Price
$380,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$285,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 1994
Sold by
Allen Marie H
Bought by
Austin Jon William and Austin Kathie Jones

Purchase Details

Closed on
Feb 20, 1979
Sold by
Frisby John and Banchik Norman
Bought by
Jones Austin Jon William and Jones Austin Kathie
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
11Auto Llc -- Stewart Title & Trust Of Phoen
11Auto Llc -- Stewart Title & Trust Of Phoen
Azip Llc $380,000 Pioneer Title Agency Inc
Austin Jon William -- --
Jones Austin Jon William -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 11Auto Llc $2,783,000
Closed 11Auto Llc $2,783,000
Previous Owner Azip Llc $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $380,000 0.0% $297 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $379,900 -- $297 / 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 $1,691 $13,311 -- --
2024 $1,598 $12,677 -- --
2023 $1,598 $57,800 $11,560 $46,240
2022 $1,546 $39,280 $7,850 $31,430
2021 $1,566 $36,610 $7,320 $29,290
2020 $1,527 $29,500 $5,900 $23,600
2019 $1,499 $25,520 $5,100 $20,420
2018 $1,460 $22,310 $4,460 $17,850
2017 $1,453 $17,680 $3,530 $14,150
2016 $1,426 $14,350 $2,870 $11,480
2015 $1,321 $12,670 $2,530 $10,140
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Troy Koehler

    Realty One Group

    (623) 334-3744

    9 Total Sales

    Troy Koehler
    Section Image
  • Stacy Fitzgerald

    Buyer's Agent in 2019

    Stacy Fitzgerald

    BLD Real Estate

    (623) 826-5729

    1 in this area

    12 Total Sales

    Stacy Fitzgerald
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5965197

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-02-052B

Arizona Maricopa County Phoenix 85020 North Central

1042 E Townley Ave, 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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