10823 N 18th Ave Phoenix, AZ 85029
North Mountain Village NeighborhoodEstimated Value: $402,699 - $732,000
--
Bed
--
Bath
2,436
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Sunnyslope High School Rated A
About This Home
As of September 2018This is a fantastic opportunity to own a well cared for triplex with easily achievable upside. By just increasing rents by 8 cents a square foot or $50 a month you will be at a 6 CAP. Plus with great proximity to the light rail extension and the new Federal Opportunity Zone (see attached documents tab) this neighborhood is getting ready to experience tremendous growth in the coming years. As for the property it has been professionally managed and the owners are the kind of people that when something needs attention or repair they address it immediately. This isn't a property with deferred maintenance. In fact, two of the three units have been updated within the last 2 years. This is about as good as it gets for a triplex.
Last Agent to Sell the Property
Cambridge Properties License #SA525096000 Listed on: 06/14/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,025
Year Built
- Built in 1971
Lot Details
- 8,102
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Free Parking
- On-Street Parking
Schools
- Shaw Butte Elementary School
- Royal Palm Middle School
- Sunnyslope High School
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 6
- Assessor Parcel Number 159-13-016-D
Community Details
Overview
- 3 Units
- Building Dimensions are 62 x 130
- Desert Cove Extension Lots 1 4, 13 20, 29 32 Subdivision
Building Details
- Operating Expense $8,488
- Net Operating Income $11,735
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2018
Closed on
Sep 20, 2018
Sold by
Bierschbach James and Bierschbach Sara
Bought by
Torigoe Steve Takashi and Elortegui Angelica
Seller's Agent
Cory Mishkin
Cambridge Properties
Buyer's Agent
Cory Mishkin
Cambridge Properties
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Total Days on Market
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,425
Avg. Annual Appreciation
12.39%
Original Mortgage
$172,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 14, 2013
Closed on
Apr 15, 2013
Sold by
Pkk Investments Llc
Bought by
Bierschbach James and Bierschbach Sara
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
John Hill
Realty Executives
List Price
$119,000
Sold Price
$120,000
Premium/Discount to List
$1,000
0.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$90,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 19, 2011
Sold by
Chevelon Group Inc
Bought by
Pkk Investments Llc
Purchase Details
Closed on
May 21, 2009
Sold by
Ibrahimovic Ahmet and Ibrahimovic Enesa
Bought by
Chevelon Group Inc
Purchase Details
Closed on
Nov 30, 2006
Sold by
Ferzoco Lori A
Bought by
Ibrahimovic Ahmet and Ibrahimovic Enesa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6.32%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Oct 3, 2005
Sold by
Peicov Nelly
Bought by
Ferzoco Lori A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,850
Interest Rate
8.77%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 30, 2005
Sold by
Ferzoco Perry
Bought by
Ferzoco Lori A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,850
Interest Rate
8.77%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 29, 1996
Sold by
Highlands Property Ltd Partnership
Bought by
Peicov Nelly
Similar Home in Phoenix, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Torigoe Steve Takashi | $230,000 | American Title Service Agenc | |
| Bierschbach James | $120,000 | Chicago Title Agency Inc | |
| Pkk Investments Llc | $55,000 | Empire West Title Agency | |
| Chevelon Group Inc | $52,500 | None Available | |
| Ibrahimovic Ahmet | $250,000 | Capital Title Agency Inc | |
| Ferzoco Lori A | $203,000 | Title Security Agency Of Az | |
| Ferzoco Lori A | -- | Title Security Agency Of Az | |
| Peicov Nelly | $197,000 | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Torigoe Steve Takashi | $170,000 | |
| Closed | Torigoe Steve Takashi | $172,500 | |
| Previous Owner | Bierschbach James | $90,000 | |
| Previous Owner | Chevelon Group Inc | $50,000 | |
| Previous Owner | Ibrahimovic Ahmet | $37,500 | |
| Previous Owner | Ibrahimovic Ahmet | $187,500 | |
| Previous Owner | Ferzoco Lori A | $192,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2018 09/27/18 | Sold | $235,000 | -2.0% | $96 / Sq Ft |
| 07/26/2018 07/26/18 | Price Changed | $239,900 | -2.0% | $98 / Sq Ft |
| 07/12/2018 07/12/18 | Price Changed | $244,900 | 0.0% | $101 / Sq Ft |
| 06/14/2018 06/14/18 | Price Changed | $245,000 | -2.0% | $101 / Sq Ft |
| 06/14/2018 06/14/18 | For Sale | $249,900 | +108.3% | $103 / Sq Ft |
| 04/29/2013 04/29/13 | Sold | $120,000 | +0.8% | $49 / Sq Ft |
| 03/28/2013 03/28/13 | Pending | -- | -- | -- |
| 01/07/2013 01/07/13 | For Sale | $119,000 | -- | $49 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,148 | $9,390 | -- | -- |
| 2024 | $1,128 | $8,943 | -- | -- |
| 2023 | $1,128 | $36,200 | $7,240 | $28,960 |
| 2022 | $1,091 | $25,800 | $5,160 | $20,640 |
| 2021 | $1,105 | $21,900 | $4,380 | $17,520 |
| 2020 | $1,077 | $19,520 | $3,900 | $15,620 |
| 2019 | $1,058 | $17,170 | $3,430 | $13,740 |
| 2018 | $1,030 | $14,350 | $2,870 | $11,480 |
| 2017 | $1,025 | $11,450 | $2,290 | $9,160 |
| 2016 | $1,006 | $10,730 | $2,140 | $8,590 |
| 2015 | $932 | $9,130 | $1,820 | $7,310 |
Source: Public Records
Agents Affiliated with this Home
-
Cory Mishkin
Seller's Agent in 2018
Cory Mishkin
Cambridge Properties
(602) 820-9000
152 Total Sales
-
Terry Kass
Seller's Agent in 2013
Terry Kass
R.O.I. Properties
(602) 330-2525
1 in this area
29 Total Sales
-
Jon Dzwonkoski
Seller Co-Listing Agent in 2013
Jon Dzwonkoski
Red Brick Realty, LLC
(602) 471-9397
6 Total Sales
-
John Hill
Buyer's Agent in 2013
John Hill
Realty Executives
(480) 888-6365
26 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5780262
APN: 159-13-016D
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.
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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