NOT LISTED FOR SALE

Estimated Value: $645,000 - $1,078,000

1 Bed
-- Bath
2,640 Sq Ft
$344/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $167,500 $63 Per Sq Ft

Est. 443% increase in value since last sale

Current estimated payment $4,831/month

297 Days on Market

Highlights

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

About This Home

As of September 2014

Fully Occupied complex $495 in rent per unit! Stable property.

Last Agent to Sell the Property

Steve Olson

Keller Williams Realty Biltmore Partners License #SA582189000 Listed on: 09/17/2013

Last Buyer's Agent

Skyler Irvine

My Home Group Real Estate License #SA637738000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,022

Year Built

  • Built in 1985

Lot Details

  • 6,882

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 116-27-061

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6875 SF

Building Details

  • Operating Expense $11,240
  • Gross Income $22,458
  • Net Operating Income $12,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,022

Year Built

Built in 1985

Lot Details

6,882 Sq Ft Lot

Listing Details

  • Cross Street: 7th Street and McKinley
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2246.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: 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

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 6312.0

Lot Info

  • Lot Size: 6875 SF
  • Additional Parcels: No
  • Parcel #: 116-27-061

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 22458.0
  • Maintenance Expense: 1560.0
  • Property Net Operating Income: 12635.0
  • Annual Operating Expense: 11240.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1022.0
  • Tax Book Number: 116.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2013
Closed on
Sep 12, 2014
Sold by
Coffee Cup A Llc
Bought by
Rodriguez Kenneth
Seller's Agent
Steve Olson
Keller Williams Realty Biltmore Partners
Buyer's Agent
Skyler Irvine
My Home Group Real Estate
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%
Current Estimated Value
$909,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$741,500
Avg. Annual Appreciation
16.02%
Original Mortgage
$160,047
Outstanding Balance
$123,559
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$785,441

Purchase Details

Closed on
Jan 31, 2012
Sold by
Phx 300 1 Llc
Bought by
Coffee Cup A Llc

Purchase Details

Closed on
Jun 27, 2011
Sold by
Lucy Charm 3 Llc
Bought by
Phx 300 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2011
Sold by
Perfect Storm Real Estate Investments Ll
Bought by
Lucky Charm 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Perfect Storm Real Estate Investments Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2010
Sold by
Zavaleta Omar
Bought by
Deutsche Bank National Trust Company and American Home Mortgage Investment Trust

Purchase Details

Closed on
May 3, 2005
Sold by
Zavaleta Yolanda
Bought by
Zavaleta Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2005
Sold by
Zarco Dionicio Olvera
Bought by
Zavaleta Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2004
Sold by
Ledezma Miguel V and Ledezma Dora O
Bought by
Zarco Dionicio Olvera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,100
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2002
Sold by
Ledezma Miguel V
Bought by
Ledezma Miguel and Ledezma Dora O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
7.25%

Purchase Details

Closed on
Mar 22, 2000
Sold by
Singh Frank R and Singh Mary D
Bought by
Ledezma Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
8.24%
Mortgage Type
New Conventional
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
Rodriguez Kenneth $163,000 Magnus Title Agency
Coffee Cup A Llc $125,000 Fidelity National Title Agen
Phx 300 1 Llc $123,000 American Title Service Agenc
Lucky Charm 3 Llc -- Accommodation
Perfect Storm Real Estate Investments Ll -- Servicelink
Deutsche Bank National Trust Company $69,000 Accommodation
Zavaleta Omar -- First American Title Ins Co
Zavaleta Omar $206,000 First American Title Ins Co
Zarco Dionicio Olvera $169,900 Commonwealth Land Title Insu
Ledezma Miguel -- First Financial Title Agency
Ledezma Miguel $107,737 Nations Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Kenneth $160,047
Previous Owner Phx 300 1 Llc $74,000
Previous Owner Perfect Storm Real Estate Investments Ll $33,500
Previous Owner Zavaleta Omar $164,800
Previous Owner Zarco Dionicio Olvera $152,100
Previous Owner Ledezma Miguel $101,700
Previous Owner Ledezma Miguel $85,600
Closed Ledezma Miguel $10,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $167,500 -4.3% $63 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
09/16/2013 09/16/13 For Sale $175,000 -- $66 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,779 $12,524 -- --
2024 $1,659 $11,927 -- --
2023 $1,659 $49,410 $9,880 $39,530
2022 $1,600 $34,500 $6,900 $27,600
2021 $1,588 $28,530 $5,700 $22,830
2020 $1,606 $26,750 $5,350 $21,400
2019 $1,603 $19,600 $3,920 $15,680
2018 $1,576 $14,310 $2,860 $11,450
2017 $1,539 $14,410 $2,880 $11,530
2016 $1,495 $11,960 $2,390 $9,570
2015 $1,384 $11,400 $2,280 $9,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4999955

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-061

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