NOT LISTED FOR SALE

Estimated Value: $641,000 - $861,852

4 Beds
-- Bath
1,188 Sq Ft
$645/Sq Ft Est. Value

Last Sold February 12, 2015

Last sale price $290,000 $244 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $4,444/month

198 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of February 2015

ONE of a Kind Deal! Stunning 4 Plex Homes (4 Individual 1200 Sq. Ft. 2 Storied Town Homes) in a great Rental location. 100% RENTED!!! Property managed by Professional Property Management firm!! Higher Profit Margins as Tenants pay for all Utilities!! All Units are monitored 24x7!! All Units have 4 Bedrooms and 2 Bathrooms with Private Backyards!! Extremely well maintained homes!! Not a thing that needs to be done on these units!! DRIVE BY ONLY. Please do NOT disturb tenants. PROPERTY IS SELLING TOGETHER WITH 1101 E. COCOPAH ST.

Last Listed By

Alex Abraham

Unique Legacy Realty License #SA637293000 Listed on: 05/07/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,421

Year Built

  • Built in 2005

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Tax Lot 11
  • Assessor Parcel Number 115-46-089

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11407
  • Hazel Margarite Place Subdivision

Building Details

  • Operating Expense $1,421

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,421

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: 7th St & Buckeye Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2013
  • Directions: 1-17 TO 7TH ST. GO NORTH, TURN RIGHT ON COCOPAH AND FOLLOW TO PROPERTY
  • Road Surface Type: Asphalt
  • Subdivision Name: HAZEL MARGARITE PLACE
  • 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
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: 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
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Other
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 11407
  • Additional Parcels: No
  • Parcel #: 115-46-089

Multi Family

  • Owner Pays: None
  • Tenant Pays: See Remarks, Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1421.0

Tax Info

  • Tax Annual Amount: 1421.0
  • Tax Book Number: 115.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2020
Sold by
Sagdeo Vivek
Bought by
Sweet Homes Llc
Total Days on Market
198
Current Estimated Value
$766,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$899,438
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$132,821

Purchase Details

Listed on
May 7, 2014
Closed on
Feb 6, 2015
Sold by
Sagdeo Anjali
Bought by
Sagdeo Vivek
Seller's Agent
Alex Abraham
Unique Legacy Realty
Buyer's Agent
Rhonda Nikole Green
Barrett Real Estate
List Price
$320,000
Sold Price
$290,000
Premium/Discount to List
-$30,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$217,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2014
Closed on
Jan 23, 2015
Sold by
Gpal Associates Llc
Bought by
Sagdeo Vivek
Seller's Agent
Alex Abraham
Unique Legacy Realty
Buyer's Agent
Rhonda Nikole Green
Barrett Real Estate
List Price
$320,000
Sold Price
$290,000
Premium/Discount to List
-$30,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2012
Sold by
Carm Llc
Bought by
Gpal Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2011
Sold by
Martino Richard and Martino Connie
Bought by
Carm Llc

Purchase Details

Closed on
Mar 12, 2010
Sold by
Tannous George
Bought by
Martino Richard and Martino Connie

Purchase Details

Closed on
Nov 2, 2007
Sold by
Tannous George
Bought by
Tannous George and Binyamin Emmanuel

Purchase Details

Closed on
Sep 16, 2005
Sold by
Am Builders Llc
Bought by
Tannous George N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 13, 2005
Sold by
Malko Maria A
Bought by
Tannous George N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2005
Sold by
Clegg Clyde D and Clegg Sherri L
Bought by
Am Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Sweet Homes Llc -- Os National Llc
Sagdeo Vivek -- American Title Svc Agency Ll
Sagdeo Vivek $290,000 American Title Svc Agency Ll
Gpal Associates Llc $205,000 American Title Service Agenc
Carm Llc -- None Available
Martino Richard $104,000 Fidelity National Title
Tannous George -- None Available
Tannous George N $515,000 Capital Title Agency Inc
Tannous George N -- Capital Title Agency Inc
Am Builders Llc $255,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sweet Homes Llc $1,000,000
Previous Owner Sagdeo Vivek $217,500
Previous Owner Gpal Associates Llc $164,000
Previous Owner Tannous George N $51,500
Previous Owner Tannous George N $412,000
Previous Owner Tannous George N $412,000
Previous Owner Am Builders Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2015 02/12/15 Sold $290,000 -9.4% $244 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $320,000 -- $269 / 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 $2,089 $15,624 -- --
2024 $2,069 $14,880 -- --
2023 $2,069 $53,500 $10,700 $42,800
2022 $1,996 $36,360 $7,270 $29,090
2021 $1,981 $30,310 $6,060 $24,250
2020 $2,003 $26,270 $5,250 $21,020
2019 $2,000 $24,210 $4,840 $19,370
2018 $1,966 $24,330 $4,860 $19,470
2017 $1,920 $20,730 $4,140 $16,590
2016 $1,865 $16,850 $3,370 $13,480
2015 $1,726 $14,630 $2,920 $11,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5117961

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-46-089