NOT LISTED FOR SALE

Estimated Value: $509,521 - $553,000

5 Beds
-- Bath
1,453 Sq Ft
$366/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $460,000 $317 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,181/month

11 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of October 2021

Excellent investment opportunity with no HOA! Corner lot, low maintenance triplex with slump block all around in great location. One 1 bed, 1 bath and two 2 bed 1 bath units. All units occupied with long term renters but with no current lease. New owner can get new leases signed and raise rents to market value. All tile flooring with private yards for each unit. Large lot in great location with covered parking, laundry room and storage rooms. Tenants pay gas and electric for their unit, owner pays water and small electric bill for the laundry room (avg $120 and $25 per month).

Last Listed By

Stacie Whitfield

Flat List RE License #BR538018000 Listed on: 08/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,054

Year Built

  • Built in 1970

Lot Details

  • 10,759

Home Design

  • Built-Up Roof

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Kerr Elementary School
  • Kings Ridge Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 60
  • Assessor Parcel Number 137-32-166-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10742
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $4,394
  • Gross Income $32,010
  • Net Operating Income $29,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,054

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Brown & Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2021
  • Attribution Contact: azhomes@flatlist.com
  • Road Surface Type: Asphalt
  • Subdivision Name: ENCHANTED VILLAGE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1440.0

Schools

  • Elementary School: Kerr Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kings Ridge School

Lot Info

  • Lot Size: 10742
  • Additional Parcels: No
  • Parcel #: 137-32-166-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 300.0
  • Annual Gross Income: 32010.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 29660.0
  • Annual Operating Expense: 4393.84
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1053.84
  • Tax Book Number: 137.00
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Oct 14, 2021
Sold by
Sheedy Anthony R
Bought by
Grout Jeremy Reed and Kelly Grout Allysen
Seller's Agent
Stacie Whitfield
Flat List RE
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%
Total Days on Market
11
Current Estimated Value
$555,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,306
Avg. Annual Appreciation
4.16%
Original Mortgage
$345,000
Outstanding Balance
$318,002
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$213,378

Purchase Details

Listed on
Jun 16, 2015
Closed on
Jul 21, 2015
Sold by
Danny Perkinson Pllc
Bought by
Sheedy Anthony R
Seller's Agent
Danny Perkinson
Perk Prop Real Estate
Buyer's Agent
Dee O'Leary
Hometown USA, LLC
List Price
$195,000
Sold Price
$190,950
Premium/Discount to List
-$4,050
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.16%
Original Mortgage
$197,250
Interest Rate
4.01%
Mortgage Type
VA

Purchase Details

Closed on
Jan 8, 2015
Sold by
Goodman Cody
Bought by
Danny Perkinson Pllc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 20, 2013
Closed on
Jun 5, 2014
Sold by
Olivera Telesforo
Bought by
Goodman Cody
Seller's Agent
Jose Ramirez
Colonial Realty, LLC
Buyer's Agent
Jose Ramirez
Colonial Realty, LLC
List Price
$110,000
Sold Price
$120,000
Premium/Discount to List
$10,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.68%

Purchase Details

Closed on
Feb 28, 2006
Sold by
Meneses Gloria
Bought by
Olivera Telesforo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,850
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2006
Sold by
Soto Alfred W and Soto Marie
Bought by
Olivera Telesforo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,850
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2001
Sold by
Barton Charles H and Barton Drema G
Bought by
Soto Alfred W and Soto Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
7.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1998
Sold by
James Paul E and James Dori L
Bought by
Barton Charles H and Barton Drema G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1997
Sold by
Valencia David C and Valencia Enedina A
Bought by
James Paul E and James Dori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
7.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 29, 1994
Sold by
Valencia David C and Valencia Enedina A
Bought by
Valencia David C and Valencia Enedina A

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
Grout Jeremy Reed $460,000 Old Republic Title Agency
Sheedy Anthony R $190,950 Empire West Title Agency
Danny Perkinson Pllc $175,000 Empire West Title Agency Llc
Goodman Cody $120,000 American Title Service Agenc
Olivera Telesforo G -- Camelback Title Agency Llc
Olivera Telesforo $302,500 Camelback Title Agency Llc
Soto Alfred W $136,000 Fidelity National Title
Barton Charles H $120,000 Chicago Title Insurance Co
James Paul E $98,500 Chicago Title Insurance Co
Valencia David C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grout Jeremy Reed $345,000
Previous Owner Sheedy Anthony R $71,200
Previous Owner Sheedy Anthony R $197,250
Previous Owner Danny Perkinson Pllc $140,000
Previous Owner Olivera Telesforo G $226,850
Previous Owner Soto Alfred W $122,000
Previous Owner Soto Alfred W $122,400
Previous Owner Barton Charles H $108,000
Previous Owner James Paul E $78,800
Closed James Paul E $9,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $460,000 -8.0% $317 / Sq Ft
10/01/2021 10/01/21 Price Changed $500,000 0.0% $344 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $500,000 +161.8% $344 / Sq Ft
07/24/2015 07/24/15 Sold $190,950 -2.1% $131 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $195,000 +62.5% $134 / Sq Ft
06/23/2014 06/23/14 Sold $120,000 +9.1% $83 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
12/20/2013 12/20/13 For Sale $110,000 -- $76 / 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 $1,054 $10,743 -- --
2024 $1,063 $10,231 -- --
2023 $1,063 $36,320 $7,260 $29,060
2022 $1,041 $27,830 $5,560 $22,270
2021 $1,054 $23,500 $4,700 $18,800
2020 $1,040 $21,380 $4,270 $17,110
2019 $972 $17,610 $3,520 $14,090
2018 $933 $15,480 $3,090 $12,390
2017 $905 $12,810 $2,560 $10,250
2016 $888 $12,160 $2,430 $9,730
2015 $835 $10,730 $2,140 $8,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6285798

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-166A