NOT LISTED FOR SALE

Estimated Value: $300,000 - $342,000

5 Beds
1 Bath
1,759 Sq Ft
$184/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $213,000 $121 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,836/month

12 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of October 2020

Cash flowing value add duplex in the booming downtown Phoenix area. 2 detached homes, Front house 4 bedroom 2 bath new roof 2019 tenant has lived at the property 5+ years window ac units current rent $825. Back house 2 bedroom 1 bath tenant lived at the property several years and has brand new central AC unit, current rent $725. Check the rental prices in the area, major upside for the savvy investor. Both tenants on month to month leases and currently split the water bill themselves. Sale is as is, seller will make no repairs.

Last Agent to Sell the Property

Andrew Jonovich

Realty85 License #SA663375000 Listed on: 09/03/2020

Last Buyer's Agent

Kerri Vasquez

Camelback Executive Realtors License #SA684612000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $478

Year Built

  • Built in 1949

Lot Details

  • 6,490

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Silvestre S Herrera Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, landscaping
  • Tax Lot 44
  • Assessor Parcel Number 115-43-091

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 127X51
  • Lincoln Park Subdivision

Building Details

  • Operating Expense $478
  • Gross Income $18,600
  • Net Operating Income $18,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$478

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: Buckeye & 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2019
  • Directions: E on Buckeye to S 11th Street. S to Pima Street. East on Pima to Property on left.
  • Road Surface Type: Asphalt
  • Subdivision Name: LINCOLN PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Central A/C
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Silvestre S Herrera School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 127X51
  • Additional Parcels: No
  • Parcel #: 115-43-091

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: Gas, Electricity, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Property Net Operating Income: 18600.0
  • Annual Operating Expense: 478.0

Tax Info

  • Tax Annual Amount: 478.0
  • Tax Book Number: 115.00
  • Tax Lot: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 16, 2020
Sold by
Mccullough Codie and Mccullough Sean
Bought by
Vasquez Jose P and Vasquez Kerri A
Seller's Agent
Andrew Jonovich
Realty85
Buyer's Agent
Kerri Vasquez
Camelback Executive Realtors
List Price
$210,000
Sold Price
$213,000
Premium/Discount to List
$3,000
1.43%
Current Estimated Value
$324,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,255
Avg. Annual Appreciation
9.35%
Original Mortgage
$149,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2020
Sold by
Vasquez Jose and Vasquez Kerri
Bought by
Baino Llc

Purchase Details

Listed on
Apr 27, 2019
Closed on
Jun 26, 2019
Sold by
Titanium Investments Llc
Bought by
Mccullough Scan and Mccullough Codie
Seller's Agent
Jeremy Demers
Zion Realty, LLC
Buyer's Agent
Andrew Jonovich
Realty85
List Price
$154,900
Sold Price
$154,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%
Original Mortgage
$116,175
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2018
Sold by
Galan Ignacio Ayala and Vazquez Carmen
Bought by
Titanium Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
4.5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 2, 2015
Sold by
Agr Investments Llc
Bought by
Galan Ignacio Ayala and Vazquez Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,500
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2014
Sold by
Spencers Investing Llc
Bought by
1106 E Pima Llc

Purchase Details

Closed on
Sep 26, 2012
Sold by
King Ann
Bought by
Spencers Ivesting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2012
Sold by
Bakerson Llc
Bought by
King Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 9, 2012
Sold by
Halbert Daniel S
Bought by
Bakerson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 1, 2011
Sold by
Fannie Mae
Bought by
Ozvest Inc

Purchase Details

Closed on
Feb 23, 2011
Sold by
Shaw Lee B and Shaw Tracey D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 8, 2007
Sold by
Shaw Lee B
Bought by
Shaw Lee B and Shaw Tracey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,600
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
Sold by
Shaw Tracey D
Bought by
Shaw Lee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 19, 2005
Sold by
Leon Hector and Romo Silvia
Bought by
Better Choice Investments Llc

Purchase Details

Closed on
Jan 29, 2004
Sold by
Guerrero Jeff and Guerrero Karen
Bought by
Leon Hector and Romo Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
11.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2003
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Guerrero Jeff and Guerrero Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2002
Sold by
Bank Of America N A
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 18, 2001
Sold by
Desert Sky Acquisitions Llc
Bought by
Urquidez Michael and Hanamaikai Janelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
6.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2000
Sold by
Diaz Anna Marie Robles and Diaz Anna Marie R
Bought by
Desert Sky Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
8.2%
Source: Public Records

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
Vasquez Jose P $213,000 Driggs Title Agency Inc
Baino Llc -- Accommodation
Mccullough Scan $154,900 Driggs Title Agency Inc
Titanium Investments Llc $103,000 Driggs Title Agency Inc
Galan Ignacio Ayala $106,000 Security Title Agency Inc
Agr Investments Llc $80,000 Security Title Agency Inc
1106 E Pima Llc -- Chicago Title Agency Inc
Spencers Ivesting Llc $47,500 Chicago Title Agency Inc
King Ann $35,000 Security Title Agency
Bakerson Llc -- Security Title Agency
Halbert Daniel S -- Security Title Agency
Halbert Daniel S $23,000 Security Title Agency
Ozvest Inc $34,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $202,467 None Available
Shaw Lee B -- North American Title Co
Shaw Lee B -- North American Title Co
Shaw Lee B $160,000 North American Title Co
Better Choice Investments Llc -- --
Leon Hector -- Guaranty Title Agency
Guerrero Jeff $40,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation -- --
Bank Of America N A $58,950 --
Urquidez Michael $79,900 Security Title Agency
Desert Sky Acquisitions Llc $31,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vasquez Jose P $149,100
Previous Owner Mccullough Scan $116,175
Previous Owner Ttitanium Investments Llc $97,000
Previous Owner Titanium Investments Llc $97,000
Previous Owner Galan Ignacio Ayala $79,500
Previous Owner Spencers Ivesting Llc $45,000
Previous Owner King Ann $12,000
Previous Owner Shaw Lee B $173,600
Previous Owner Shaw Lee B $112,000
Previous Owner Leon Hector $75,000
Previous Owner Guerrero Jeff $55,000
Previous Owner Urquidez Michael $77,500
Previous Owner Desert Sky Acquisitions Llc $28,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $213,000 +1.4% $121 / Sq Ft
10/21/2020 10/21/20 Price Changed $210,000 0.0% $119 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $210,000 +35.6% $119 / Sq Ft
06/28/2019 06/28/19 Sold $154,900 0.0% $88 / Sq Ft
06/05/2019 06/05/19 For Sale $154,900 0.0% $88 / Sq Ft
06/05/2019 06/05/19 Price Changed $154,900 0.0% $88 / Sq Ft
04/26/2019 04/26/19 For Sale $154,900 -- $88 / 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 $557 $4,169 -- --
2024 $552 $3,971 -- --
2023 $552 $21,000 $4,200 $16,800
2022 $532 $14,330 $2,860 $11,470
2021 $528 $10,700 $2,140 $8,560
2020 $535 $8,980 $1,790 $7,190
2019 $478 $7,830 $1,560 $6,270
2018 $525 $7,370 $1,470 $5,900
2017 $512 $6,350 $1,270 $5,080
2016 $498 $5,730 $1,140 $4,590
2015 $460 $4,810 $960 $3,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6127097

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-43-091