NOT LISTED FOR SALE

Estimated Value: $472,000 - $633,000

-- Bed
-- Bath
2,080 Sq Ft
$271/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $365,000 $175 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,075/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2020

Outstanding beautiful TURNKEY triplex in a great location close to downtown, freeways and the airport. This is a fully occupied, easy, low maintenance investment. Each unit is very functional with large rooms, inside laundry rooms and private yards. The current owners have renovated the property in last few years with new HVAC units, new water heaters, new kitchens, bathrooms, new tile/laminate flooring, double pane windows on south side, xeriscape landscaping, and adding private yards for each unit. This property offers great upside .Current rents are low for the area, ($750, $750 and $875) due to the current owners not realizing that rents have been rising.

Last Agent to Sell the Property

Anne Hillyard

HomeSmart License #SA642499000 Listed on: 03/05/2020

HomeSmart

Last Buyer's Agent

Emir Lopez

Lake Pleasant Real Estate License #SA668385000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $835

Year Built

  • Built in 1978

Lot Details

  • 6,752

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Excelencia Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 22 / 3
  • Assessor Parcel Number 121-79-072

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6759 sqft
  • Elsinore Subdivision

Building Details

  • Operating Expense $5,361
  • Gross Income $28,500
  • Net Operating Income $23,974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$835

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: Roosevelt and 24th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1978
  • Tax Year: 2019
  • Directions: From Roosevelt and 24th St, take Roosevelt east to 25th Place. Turn left on 25th place. The property is the 2nd building on left side after Portland street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1080.0
  • Subdivision Name: ELSINORE
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Excelencia School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Excelencia School

Lot Info

  • Lot Size: 6759 sqft
  • Additional Parcels: No
  • Parcel #: 121-79-072

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 28500.0
  • Insurance Expense: 1046.0
  • Property Net Operating Income: 23974.0
  • Annual Operating Expense: 5361.0

Tax Info

  • Tax Annual Amount: 835.0
  • Tax Block: 3
  • Tax Book Number: 121.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Plaisted Robert
Bought by
Barkwald Investments Llc
Current Estimated Value
$563,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2021
Sold by
Barkwald Investments Llc
Bought by
Plaisted Robert Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2020
Closed on
May 29, 2020
Sold by
Plaisted Robret
Bought by
Barkwald Investments Llc
Seller's Agent
Anne Hillyard
HomeSmart
Buyer's Agent
Emir Lopez
Lake Pleasant Real Estate
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%
Original Mortgage
$273,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 7, 2020
Sold by
Kirkpatrick Chad I and Kirkpatrick Candida A
Bought by
Plaisted Robert Dennis
Seller's Agent
Anne Hillyard
HomeSmart
Buyer's Agent
Emir Lopez
Lake Pleasant Real Estate
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2012
Closed on
Nov 27, 2012
Sold by
330 Holdings Llc
Bought by
Kirkpatrick Chad L and Kirkpatrick Candida A
Buyer's Agent
Anne Hillyard
HomeSmart
List Price
$84,000
Sold Price
$70,000
Premium/Discount to List
-$14,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.08%

Purchase Details

Closed on
Jul 27, 2009
Sold by
Nm Properties Llc
Bought by
330 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2009
Sold by
L A Moon Investments Llc
Bought by
Nm 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
$169,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2009
Sold by
Fannie Mae
Bought by
L A Moon Investments Llc

Purchase Details

Closed on
May 3, 2008
Sold by
Fernandez Silvia and Mortgage Electronic Registrati
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 3, 2006
Sold by
Saunders Ronald O and Saunders Frances E
Bought by
Fernandez Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,400
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2000
Sold by
Bagby John R B and Bagby Linda Nell
Bought by
Saunders Ronald O and Saunders Frances E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,150
Interest Rate
8.27%
Mortgage Type
Seller Take Back
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
Barkwald Investments Llc -- None Listed On Document
Plaisted Robert Dennis -- Empire West Title Agency Llc
Barkwald Investments Llc -- None Available
Plaisted Robert Dennis $355,000 Stewart Ttl & Tr Of Phoenix
Kirkpatrick Chad L $70,000 American Title Service Agenc
330 Holdings Llc -- Empire West Title Agency Llc
Nm Properties Llc -- None Available
L A Moon Investments Llc $40,000 Lawyers Title Insurance Corp
Federal National Mortgage Association $175,948 First American Title
Fernandez Silvia $226,000 Westland Title Agency Of Az
Saunders Ronald O $83,500 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plaisted Robert Dennis $277,200
Previous Owner Plaisted Robert Dennis $273,750
Previous Owner 330 Holdings Llc $169,000
Previous Owner Fernandez Silvia $203,400
Previous Owner Saunders Ronald O $75,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2020 04/16/20 Sold $365,000 -2.7% $175 / Sq Ft
03/05/2020 03/05/20 For Sale $375,000 +435.7% $180 / Sq Ft
11/30/2012 11/30/12 Sold $70,000 -16.7% $34 / Sq Ft View Prior Sale
10/14/2012 10/14/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $84,000 -- $40 / 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 $885 $6,811 -- --
2024 $875 $6,487 -- --
2023 $875 $30,750 $6,150 $24,600
2022 $841 $22,710 $4,540 $18,170
2021 $861 $18,620 $3,720 $14,900
2020 $840 $15,960 $3,190 $12,770
2019 $835 $13,010 $2,600 $10,410
2018 $817 $10,430 $2,080 $8,350
2017 $786 $10,660 $2,130 $8,530
2016 $755 $8,550 $1,710 $6,840
2015 $703 $6,700 $1,340 $5,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6046447

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-79-072