NOT LISTED FOR SALE

Estimated Value: $727,000 - $808,000

4 Beds
-- Bath
2,192 Sq Ft
$343/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $700,000 $319 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,157/month

65 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of February 2022

Fabulous 4 plex in Central Phoenix. This fully occupied 4 plex is a fantastic opportunity to freshen up and increase rents ASAP or A great Redevelopment opportunity. See neighboring properties that have been redeveloped. DO NOT DISTRUB TENATS. NO SIGN. ACCESS ONLY AFTER FULLY ACCEPTED OFFER.

Last Agent to Sell the Property

Candy Jenkins

Coldwell Banker Realty License #SA628254000 Listed on: 11/29/2021

Coldwell Banker Realty

Co-Listed By

Donna Hunter

Coldwell Banker Realty License #SA579437000

Last Buyer's Agent

Kevin Simshauser

HomeSmart License #SA678575000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,407

Year Built

  • Built in 1948

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 118-17-061

Community Details

Overview

  • 4 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $1,407
  • Gross Income $37,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,407

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 12th Street & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cbrb07
  • Co List Office Phone: 480-291-1600
  • Garage Yn: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 118-17-061

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 37800.0
  • Annual Operating Expense: 1407.0

Tax Info

  • Tax Annual Amount: 1407.0
  • Tax Book Number: 118.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Feb 23, 2022
Sold by
1117 E Whitton Ave Llc
Bought by
Aurum Funding Inc
Seller's Agent
Candy Jenkins
Coldwell Banker Realty
Buyer's Agent
Kevin Simshauser
HomeSmart
List Price
$800,000
Sold Price
$700,000
Premium/Discount to List
-$100,000
-12.5%
Current Estimated Value
$751,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,358
Avg. Annual Appreciation
1.85%
Original Mortgage
$660,000
Outstanding Balance
$611,691
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$139,667

Purchase Details

Listed on
Apr 16, 2013
Closed on
Jul 25, 2013
Sold by
Hillerson Jane S
Bought by
1117 E Whitton Ave Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Trish Benninger
Berkshire Hathaway HomeServices Arizona Properties
List Price
$315,000
Sold Price
$308,000
Premium/Discount to List
-$7,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.92%
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
Aurum Funding Inc $700,000 Landmark Title
1117 E Whitton Ave Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aurum Funding Inc $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $700,000 -6.7% $319 / Sq Ft
01/28/2022 01/28/22 Price Changed $750,000 -6.3% $342 / Sq Ft
11/29/2021 11/29/21 For Sale $800,000 +159.7% $365 / Sq Ft
06/28/2013 06/28/13 Sold $308,000 -2.2% $141 / Sq Ft View Prior Sale
06/09/2013 06/09/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $315,000 -- $144 / 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 $2,731 $21,028 -- --
2024 $2,549 $20,027 -- --
2023 $2,549 $47,680 $9,530 $38,150
2022 $2,379 $37,610 $7,520 $30,090
2021 $2,434 $31,870 $6,370 $25,500
2020 $2,370 $23,370 $4,670 $18,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6328275

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-17-061A