NOT LISTED FOR SALE

1105 E Butler Dr Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $732,000 - $1,142,000

Studio
13 Baths
-- Sq Ft
8,756 Sq Ft Lot

Last Sold April 28, 2020

Last sale price $1,015,000

Est. 11% decrease in value since last sale

Current estimated payment $4,933/month

15 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Sunnyslope High School Rated A
  • Ceiling Fan

About This Home

As of April 2020

This sale includes 8 units / Two 4 plexes on separate lots for easy residential financing. Additional property: 160-06-142-L (1111 E Butler Dr.) Located in Central Phoenix near the Phoenix Mountains Preserve, the I-51 freeway, and shopping, making it a trendy location with tenants and in the path of an ever-improving core. It is surrounded by mostly residential houses and beautiful scenery. Most of the units are very large (960 sf) 2 br. and 2 ba. units with lots of storage. Coin-op laundry for extra income. Easy care, low cost, desert landscaping. Lots of upgrades: newer kitchens, newer bathrooms, newer roofs, newer A/C units, fence, flooring +. 2 bonus landlord storage units. Many long term residents and LOTS of rent UPSIDE.

Last Agent to Sell the Property

Artur Ciesielski

HomeSmart License #SA527273000 Listed on: 02/17/2020

HomeSmart

Last Buyer's Agent

Janet Love

Get Multifamily License #SA668148000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,814

Year Built

  • Built in 1972

Lot Details

  • 8,756

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 15 Open Parking Spaces
  • 16 Parking Spaces
  • 1 Covered Space

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot K
  • Assessor Parcel Number 160-06-142-K

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are IRR
  • New Northtown 2 Subdivision

Building Details

  • Operating Expense $12,214
  • Gross Income $97,970
  • Net Operating Income $92,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,814

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 12th Street and Northern Ave.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2019
  • Road Surface Type: Treated
  • Subdivision Name: NEW NORTHTOWN 2
  • Tax Parcel Letter: K
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Stucco, Block, Frame - Metal, Frame - Wood
  • Roof: Built-Up, Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Heat Pump, 2 or More Units
  • Heating: Individual, Heat Pump, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1624.0
  • Annual Water Sewer Expense: 2427.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 160-06-142-K

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1149.0
  • Annual Gross Income: 97970.0
  • Insurance Expense: 2100.0
  • Maintenance Expense: 1100.0
  • Property Net Operating Income: 92600.0
  • Annual Operating Expense: 12214.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3814.0
  • Tax Book Number: 160.00
  • Tax Lot: K

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
Apr 21, 2020
Sold by
Blue Forest Properties Llc
Bought by
Habbaba Joseph and Habbaba Nawal
Seller's Agent
Artur Ciesielski
HomeSmart
Buyer's Agent
Janet Love
Get Multifamily
List Price
$1,150,000
Sold Price
$1,015,000
Premium/Discount to List
-$135,000
-11.74%
Current Estimated Value
$907,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$107,589
Avg. Annual Appreciation
-1.95%
Original Mortgage
$382,500
Outstanding Balance
$338,205
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$569,206

Purchase Details

Closed on
Jun 7, 2011
Sold by
Opara Teresa
Bought by
Blue Forest Properties Llc

Purchase Details

Closed on
May 11, 2005
Sold by
Ladish David J and Ladish Melanie S
Bought by
Opara Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,650
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2002
Sold by
Covaciu Cristian and Covaciu Magdalena
Bought by
Ilyayev Yakov

Purchase Details

Closed on
Jul 8, 2002
Sold by
Bangiyeva Rakhil
Bought by
Ilyayev Yakov

Purchase Details

Closed on
Apr 19, 2002
Sold by
Faust Timothy L and Faust Cathy S
Bought by
Covaciu Cristian and Covaciu Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,160
Interest Rate
7.12%
Mortgage Type
Commercial
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
Habbaba Joseph $510,000 Title Alliance Infinity Agcy
Blue Forest Properties Llc -- None Available
Opara Teresa $315,233 Title Partners Of Phoenix Ll
Ilyayev Yakov $235,000 Capital Title Agency Inc
Ilyayev Yakov -- Capital Title Agency Inc
Covaciu Cristian $182,700 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Habbaba Joseph $382,500
Previous Owner Opara Teresa $220,650
Previous Owner Covaciu Cristian $146,160
Closed Opara Teresa $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2020 04/28/20 Sold $1,015,000 -7.5% --
03/03/2020 03/03/20 Pending -- -- --
02/26/2020 02/26/20 Price Changed $1,097,000 -4.6% --
02/17/2020 02/17/20 For Sale $1,150,000 -- --
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 $2,254 $17,741 -- --
2024 $2,130 $16,896 -- --
2023 $2,130 $72,020 $14,400 $57,620
2022 $2,061 $51,350 $10,270 $41,080
2021 $2,087 $47,430 $9,480 $37,950
2020 $2,035 $37,310 $7,460 $29,850
2019 $1,998 $31,660 $6,330 $25,330
2018 $1,946 $27,770 $5,550 $22,220
2017 $1,936 $23,350 $4,670 $18,680
2016 $1,901 $20,530 $4,100 $16,430
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Artur Ciesielski

    HomeSmart

    (602) 761-4600

    2 Total Sales

    Artur Ciesielski
    Section Image
  • Janet Love

    Buyer's Agent in 2020

    Janet Love

    Get Multifamily

    (480) 369-2369

    1 in this area

    13 Total Sales

    Janet Love
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6038455

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-06-142K

Arizona Maricopa County Phoenix 85020 North Central

1105 E Butler Dr, 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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