NOT LISTED FOR SALE

Estimated Value: $323,153 - $608,000

-- Bed
-- Bath
2,190 Sq Ft
$203/Sq Ft Est. Value

Last Sold October 15, 2012

Last sale price $115,000 $53 Per Sq Ft

Est. 287% increase in value since last sale

Current estimated payment $2,581/month

172 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of October 2012

REMODELED & NEW ROOF! Cap Rate 11.5, $1,500 monthly, 100% occupied. Good-looking triplex on quiet street lined with other well-maintained properties. Inside, all three units are 2/1 with over 700 square feet. All remodeled in 2011, updated 2012...new paint, windows, carpet, laminate floor, toilets, bathroom cabinets, kitchen countertops and sinks. Curb appeal enhanced by new outdoor pony walls between units, lighting, fresh painted trim, and 2 gorgeous orchid trees. This property's amenities boasts of security screen doors, individually lockable outside storage units, laundry on site, covered parking, and fenced in yard.

Last Agent to Sell the Property

Jim Swindle

Better Homes & Gardens Real Estate SJ Fowler License #BR639712000 Listed on: 03/18/2012

Last Buyer's Agent

John Candella

DeLex Realty License #SA016581000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,007

Year Built

  • Built in 1972

Lot Details

  • 7,449

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Schools

  • Alta Loma Elementary School
  • Deer Valley Middle School
  • Deer Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 159-13-001-E

Community Details

Overview

  • 3 Units
  • Building Dimensions are 60x121
  • Arbor Homes Subdivision

Building Details

  • Operating Expense $4,007
  • Gross Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,007

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2011
  • Directions: East to 17th Drive, then North to property on West side of street.
  • Road Surface Type: Asphalt
  • Subdivision Name: Arbor Homes
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Alta Loma School
  • High School: Deer Valley High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Deer Valley Middle School

Lot Info

  • Lot Size: 60x121
  • Additional Parcels: No
  • Parcel #: 159-13-001-E

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 17100.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 600.0
  • Annual Operating Expense: 4007.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1007.0
  • Tax Book Number: 159.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2012
Closed on
Sep 21, 2012
Sold by
Du Coeur Enterprises Llc
Bought by
Padilla Joseph and Padilla Barbara
Seller's Agent
Jim Swindle
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
John Candella
DeLex Realty
List Price
$139,000
Sold Price
$115,000
Premium/Discount to List
-$24,000
-17.27%
Total Days on Market
172
Current Estimated Value
$445,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,538
Avg. Annual Appreciation
11.28%
Original Mortgage
$86,250
Outstanding Balance
$60,975
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$384,564

Purchase Details

Closed on
Sep 12, 2011
Sold by
J Davis & Co Llc
Bought by
Du Coeur Enterprises Llc

Purchase Details

Closed on
Jun 24, 2011
Sold by
Lazic Predrag and Lazic Slavica
Bought by
J Davis & Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
4.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 6, 2005
Sold by
Roadrunner Trail Investments Llc
Bought by
Lazic Predrag and Lazic Slavica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 28, 1997
Sold by
Heyne Joseph T and Heyne Doris L
Bought by
Mccall Harold and Mccall Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
7.96%
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 Buyer Sale Price Title Company
Padilla Joseph $115,000 Security Title Agency
Du Coeur Enterprises Llc $86,500 Grand Canyon Title Agency In
J Davis & Co Llc $55,000 None Available
Lazic Predrag $225,000 Capital Title Agency Inc
Mccall Harold $72,500 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padilla Joseph $86,250
Previous Owner J Davis & Co Llc $38,500
Previous Owner Lazic Predrag $180,000
Previous Owner Mccall Harold $65,250
Closed Lazic Predrag $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2012 10/15/12 Sold $115,000 -17.3% $53 / Sq Ft
09/06/2012 09/06/12 Pending -- -- --
03/18/2012 03/18/12 For Sale $139,000 -- $63 / 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 $1,106 $9,039 -- --
2024 $1,085 $8,609 -- --
2023 $1,085 $33,630 $6,720 $26,910
2022 $1,050 $23,950 $4,790 $19,160
2021 $1,064 $20,360 $4,070 $16,290
2020 $1,037 $18,160 $3,630 $14,530
2019 $1,018 $15,930 $3,180 $12,750
2018 $991 $13,270 $2,650 $10,620
2017 $986 $11,100 $2,220 $8,880
2016 $969 $10,360 $2,070 $8,290
2015 $897 $8,810 $1,760 $7,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4733298

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-13-001E