NOT LISTED FOR SALE

Estimated Value: $660,000 - $891,000

-- Bed
-- Bath
3,102 Sq Ft
$267/Sq Ft Est. Value

Last Sold December 17, 2015

Last sale price $200,000 $64 Per Sq Ft

Est. 314% increase in value since last sale

Current estimated payment $4,651/month

21 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to University Park
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of December 2015

This 4 plex has all 2 bedroom/1 bath units. Units are individually metered for electric. Downtown location, easy to rent. Close to University Park.
Drive by Only, Do Not Disturb Tenants.

Last Agent to Sell the Property

Robert Meador

Paramount Management & Realty, LLC License #SA563397000 Listed on: 11/04/2015

Last Buyer's Agent

Nicholas Estrada

4 U Realty Plus License #SA518214000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,017

Year Built

  • Built in 1986

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 9 / P
  • Assessor Parcel Number 111-28-131

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50 X 125
  • University Addition Subdivision

Building Details

  • Gross Income $23,674
  • Net Operating Income $14,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,017

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Directions: West on Van Buren to 10th Ave turn right to Polk, west on Polk to the property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1450.0
  • Subdivision Name: UNIVERSITY ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4108.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 50 X 125
  • Additional Parcels: No
  • Parcel #: 111-28-131

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 81.0
  • Annual Gross Income: 23674.36
  • Insurance Expense: 830.0
  • Maintenance Expense: 1900.0
  • Property Net Operating Income: 14500.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1017.0
  • Tax Block: P
  • Tax Book Number: 111.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2019
Sold by
Parra Soraya O
Bought by
Figueroa Maria D
Current Estimated Value
$828,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,706
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2019
Sold by
Chaidez Angulo Luis Axel
Bought by
Parra Soraya Olivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,706
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 4, 2015
Closed on
Dec 10, 2015
Sold by
Dascoli Ernest R and Dascoli Krystie L
Bought by
Chaidez Angulo Luis Axel
Seller's Agent
Robert Meador
Paramount Management & Realty, LLC
Buyer's Agent
Nicholas Estrada
4 U Realty Plus
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.47%
Original Mortgage
$155,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 29, 2014
Closed on
Apr 28, 2014
Sold by
Salloum Youssef N
Bought by
Dascoli Ernest R and Dascoli Krystie L
Seller's Agent
Lisa Eagan
Leagan Realty, LLC
Buyer's Agent
Robert Meador
Paramount Management & Realty, LLC
List Price
$160,000
Sold Price
$158,500
Premium/Discount to List
-$1,500
-0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%
Original Mortgage
$118,875
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2013
Closed on
Apr 23, 2013
Sold by
Salloum Mallory
Bought by
Salloum Youssef N
Seller's Agent
Amanda Spitler
eXp Realty
Buyer's Agent
Lisa Eagan
Leagan Realty, LLC
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.93%

Purchase Details

Closed on
Jan 14, 2011
Sold by
Godinez Ipolito and Marquez Veronica G
Bought by
Deysi Llc

Purchase Details

Closed on
Jan 6, 2010
Sold by
Federal National Mortgage Association
Bought by
Godinez Ipolito and Marquez Veronica G

Purchase Details

Closed on
Oct 21, 2009
Sold by
Albano Albert L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 16, 2007
Sold by
Albano Albert L
Bought by
Kahmia Llc

Purchase Details

Closed on
Nov 9, 2005
Sold by
1046 Polk Llc
Bought by
Albano Albert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Marquez Ronaldo A and Marquez Carolyn J
Bought by
1046 Polk Llc

Purchase Details

Closed on
Aug 18, 2000
Sold by
Stern Joel R and Stern Janet L
Bought by
Marquez Ronaldo A and Marquez Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,650
Interest Rate
8.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Figueroa Maria D -- American Title Svc Agcy Llc
Parra Soraya Olivas $350,000 American Title Svc Agcy Llc
Chaidez Angulo Luis Axel $200,000 Empire West Title Agency
Dascoli Ernest R $158,500 Us Title Agency Llc
Salloum Youssef N -- Stewart Title & Trust Of Pho
Salloun Youssef N $125,000 Stewart Title & Trust Of Pho
Deysi Llc $65,000 None Available
Deysi Llc $65,000 None Available
Godinez Ipolito $65,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $219,008 None Available
Kahmia Llc -- None Available
Albano Albert L $275,000 Ticor Title Agency Of Az Inc
1046 Polk Llc -- --
Marquez Ronaldo A $110,725 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Figueroa Maria D $500,000
Closed Figueroa Maria D $450,000
Previous Owner Figueroa Maria D $12,500
Previous Owner Parra Soraya Olivas $75,238
Previous Owner Parra Soraya Olivas $302,706
Previous Owner Chaidez Angulo Luis Axel $172,975
Previous Owner Chaidez Angulo Luis Axel $155,000
Previous Owner Dascoli Ernest R $118,875
Previous Owner Albano Albert L $210,000
Previous Owner Albano Albert L $206,000
Previous Owner Marquez Ronaldo A $175,500
Previous Owner Marquez Ronaldo A $99,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2015 12/17/15 Sold $200,000 -7.0% $64 / Sq Ft
11/25/2015 11/25/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $215,000 +35.6% $69 / Sq Ft
05/12/2014 05/12/14 Sold $158,500 -0.9% $51 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $160,000 +28.0% $52 / Sq Ft
05/01/2013 05/01/13 Sold $125,000 -3.8% $40 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
04/06/2013 04/06/13 For Sale $130,000 -- $42 / 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 $1,340 $10,018 -- --
2024 $1,327 $9,541 -- --
2023 $1,327 $42,670 $8,530 $34,140
2022 $1,280 $30,060 $6,010 $24,050
2021 $1,270 $27,600 $5,520 $22,080
2020 $1,285 $22,810 $4,560 $18,250
2019 $1,283 $19,660 $3,930 $15,730
2018 $1,261 $17,760 $3,550 $14,210
2017 $1,231 $15,250 $3,050 $12,200
2016 $1,196 $12,900 $2,580 $10,320
2015 $1,107 $10,450 $2,090 $8,360
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5359667

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-28-131