NOT LISTED FOR SALE

110 S 7th St Buckeye, AZ 85326

Estimated Value: $252,000 - $1,283,000

-- Bed
1 Bath
820 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold June 09, 2016

Last sale price $319,000 $389 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $4,667/month

29 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Floor Furnace
  • Evaporated cooling system

About This Home

As of June 2016

DO NOT DISTURB TENANTS! Fully rented cash cow in heart of Buckeye. Located just across the street from Buckeye Elementary. Large lot with room to build more units should buyer desire. This property has gross rents of $4325 and all tenants are on long term leases. That's over a 9% cap rate. Tons of Renovations have been made including new HVAC units on all 7 homes in 2013. Convenient location and easy to rent when they do become available. DO NOT DISTURB TENANTS! Call agent for additional details.

Last Agent to Sell the Property

Frank Pautz

West USA Realty License #SA631605000 Listed on: 04/11/2016

West USA Realty

Last Buyer's Agent

Frank Pautz

West USA Realty License #SA631605000 Listed on: 04/11/2016

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,993

Year Built

  • Built in 1984

Lot Details

  • 1.23

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Concrete

Parking

  • 14 Open Parking Spaces
  • 15 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Buckeye Elementary School
  • Buckeye Primary Middle School
  • Buckeye Union High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 400-25-001

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 112 X 480
  • Derosier Place Subdivision

Building Details

  • Operating Expense $18,973
  • Gross Income $49,305
  • Net Operating Income $32,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,993

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Buckeye (MC85) and 7Th St.
  • Legal Info Range: 3W
  • Property Type: Multiple Dwellings
  • Zoning: MR
  • Number Of Buildings: 4
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: South on 7th St to entrance to property.
  • Road Surface Type: Gravel, Dirt, Private Street
  • Professional Management Expense: 4700.0
  • Subdivision Name: DEROSIER PLACE
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Boundary Survey Avlb, Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition, Metal, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Individual, Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, 2 or More Units, Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Master Meter, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 4000.0

Schools

  • Elementary School: Buckeye Elementary School
  • High School: Buckeye Union High School
  • Middle Or Junior School: Buckeye Primary

Lot Info

  • Lot Size: 112 X 480
  • Additional Parcels: No
  • Parcel #: 400-25-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 7
  • Annual Gross Income: 49305.0
  • Insurance Expense: 2340.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 32325.0
  • Annual Operating Expense: 18973.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1993.0
  • Tax Book Number: 400.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2021
Sold by
7Th Street Residences Llc
Bought by
7Th Street Buckeye Llc
Current Estimated Value
$842,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$611,128
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$231,250

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 15, 2016
Sold by
Muller Jay and Muller Ann
Bought by
Muller Jay and Muller Ann
Seller's Agent
Frank Pautz
West USA Realty
Buyer's Agent
Frank Pautz
West USA Realty
List Price
$350,000
Sold Price
$319,000
Premium/Discount to List
-$31,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%
Original Mortgage
$254,800
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 14, 2016
Sold by
Muller Jay and Muller Ann
Bought by
7Th Street Residences Llc
Seller's Agent
Frank Pautz
West USA Realty
Buyer's Agent
Frank Pautz
West USA Realty
List Price
$350,000
Sold Price
$319,000
Premium/Discount to List
-$31,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,800
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2012
Sold by
Hanson Capital Group Llc
Bought by
Muller Jay and Muller Ann

Purchase Details

Closed on
May 2, 2012
Sold by
Nrn Properties Llc
Bought by
Hanson Capital Group Llc

Purchase Details

Closed on
Aug 5, 2011
Sold by
Cps Hanson Buckeye Llc
Bought by
Nrn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2011
Sold by
Cps Hanson Holdings
Bought by
Cps Hanson Buckeye

Purchase Details

Closed on
Apr 13, 2010
Sold by
Bayview Loan Servicing Llc
Bought by
C & S Hanson Holdings Llc

Purchase Details

Closed on
Feb 4, 2010
Sold by
Ponzo Dominick and Ponzo Clotilde
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Jan 18, 2007
Sold by
Bfi Financial Alliances Ltd Llc
Bought by
Ponzo Dominick and Ponzo Clotilde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2006
Sold by
Bought Right Llc
Bought by
Bfi Financial Alliances Ltd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2006
Sold by
Noble Ronald L and Noble Deloris J
Bought by
Bought Right Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.21%
Mortgage Type
Commercial
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
7Th Street Buckeye Llc $965,000 Fidelity Natl Ttl Agcy Inc
Muller Jay -- Nextitle
7Th Street Residences Llc $318,500 Nextitle
Muller Jay $175,000 Sterling Title Agency Llc
Hanson Capital Group Llc $140,000 None Available
Nrn Properties Llc -- None Available
Cps Hanson Buckeye -- None Available
C & S Hanson Holdings Llc $73,000 Chicago Title
Bayview Loan Servicing Llc $91,164 Servicelink
Ponzo Dominick $490,000 Capital Title Agency Inc
Bfi Financial Alliances Ltd Llc $460,000 Capital Title Agency Inc
Bought Right Llc $375,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7Th Street Buckeye Llc $675,000
Previous Owner 7Th Street Residences Llc $254,800
Previous Owner Nrn Properties Llc $136,000
Previous Owner Ponzo Dominick $392,000
Previous Owner Bfi Financial Alliances Ltd Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2016 06/09/16 Sold $319,000 -8.9% $389 / Sq Ft
04/11/2016 04/11/16 For Sale $350,000 0.0% $427 / Sq Ft
08/05/2015 08/05/15 Rented $625 0.0% --
07/31/2015 07/31/15 Off Market $625 -- --
07/02/2015 07/02/15 For Rent $625 -- --
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 $2,567 $21,814 -- --
2024 $2,569 $20,776 -- --
2023 $2,569 $46,540 $19,690 $26,850
2022 $2,577 $36,830 $12,480 $24,350
2021 $2,692 $34,770 $10,850 $23,920
2020 $2,558 $32,220 $8,260 $23,960
2019 $2,429 $31,510 $8,310 $23,200
2018 $2,307 $31,850 $8,070 $23,780
2017 $2,176 $31,350 $7,930 $23,420
2016 $2,119 $29,940 $5,790 $24,150
2015 $1,994 $28,563 $4,660 $23,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5426454

Arizona Regional Multiple Listing Service (ARMLS)

APN: 400-25-001