NOT LISTED FOR SALE

Estimated Value: $490,554 - $642,000

Studio
-- Bath
2,070 Sq Ft
$262/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $415,000 $200 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,940/month

5 Days on Market

Highlights

  • Central Heating and Cooling System
  • Sunnyslope High School Rated A
  • 3-minute walk to Norton Park

About This Home

As of April 2021

Beautiful block constructed triplex situated in this central PHX location with mountain views. Property features 3 year old AC units w/ warranty, new windows (2019), 2 car carport, 4 individual storage units, foam roof maintained by Brown Roofing every 5 years, low maintenance desert landscaping, replaced main water valve (2017), & low flow showers & toilets. Long term tenants are on month to month leases. All 3 units are 2 bed 1 bath. Bus stop in front of the building! Very desirable Sunnyslop high school. PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Alexander Cowan

HomeSmart Listed on: 04/01/2021

HomeSmart

Last Buyer's Agent

Josh Strong

Nhimble Homes License #SA687584000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,102

Year Built

  • Built in 1974

Lot Details

  • 0.41

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot METES AND BOUNDS
  • Assessor Parcel Number 159-38-063-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRREGULAR
  • Upshaw Desert View Subdivision

Building Details

  • Operating Expense $1,102
  • Gross Income $22,500
  • Net Operating Income $21,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,102

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: E HATCHER AND 12TH ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Co List Office Mls Id: trelr001
  • Co List Office Phone: 602-638-2500
  • Subdivision Name: UPSHAW DESERT VIEW
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Sunnyslope Elementary School

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 159-38-063-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 22500.0
  • Property Net Operating Income: 21375.0
  • Annual Operating Expense: 1102.0

Tax Info

  • Tax Annual Amount: 1102.0
  • Tax Book Number: 159.00
  • Tax Lot: METES AND BOUNDS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2022
Sold by
Rs Xii Phoenix Owner 1 Lp
Bought by
Star 2022-Sfr3 Borrower Lp
Current Estimated Value
$542,639

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 6, 2021
Sold by
1146 E Hatcher Llc
Bought by
Rs Xii Phoenix Owner 1 Lp
Seller's Agent
Alexander Cowan
HomeSmart
Buyer's Agent
Josh Strong
Nhimble Homes
List Price
$399,900
Sold Price
$415,000
Premium/Discount to List
$15,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pitts Jason L
Bought by
1146 E Hatcher Llc

Purchase Details

Listed on
Dec 17, 2014
Closed on
Oct 23, 2015
Sold by
Pitts Patricia Dowd
Bought by
Pitts Jason L
Seller's Agent
Jack Corder
Embassy Properties
Buyer's Agent
James Flinn
Towne Brokerage Services, Inc
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%
Original Mortgage
$120,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2014
Closed on
Oct 21, 2015
Sold by
Almquist Properties Llc
Bought by
Pitts Jason L
Seller's Agent
Jack Corder
Embassy Properties
Buyer's Agent
James Flinn
Towne Brokerage Services, Inc
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2003
Sold by
Almquist Brent Lee and Almquist Jodi Kathleen
Bought by
Almquist Properties Llc

Purchase Details

Closed on
Sep 25, 2000
Sold by
Gebbia Joseph A and Gebbia Lisa J
Bought by
Almquist Brent L

Purchase Details

Closed on
Aug 23, 1996
Sold by
Demichael Joseph A and Demichael Maria A
Bought by
Gebbia Joseph A and Gebbia Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
7.87%
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
Star 2022-Sfr3 Borrower Lp -- Os National
Rs Xii Phoenix Owner 1 Lp $415,000 First American Title Ins Co
1146 E Hatcher Llc -- None Available
Pitts Jason L -- Driggs Title Agency Inc
Pitts Jason L $160,000 Driggs Title Agency Inc
Almquist Properties Llc -- --
Almquist Brent Lee -- --
Almquist Brent L $120,000 Arizona Title Agency Inc
Gebbia Joseph A $74,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitts Jason L $120,000
Previous Owner Gebbia Joseph A $59,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2021 04/26/21 Sold $415,000 +3.8% $200 / Sq Ft
04/24/2021 04/24/21 For Sale $399,900 0.0% $193 / Sq Ft
04/24/2021 04/24/21 Price Changed $399,900 0.0% $193 / Sq Ft
04/01/2021 04/01/21 For Sale $399,900 +149.9% $193 / Sq Ft
10/23/2015 10/23/15 Sold $160,000 -8.6% $77 / Sq Ft View Prior Sale
09/15/2015 09/15/15 Pending -- -- --
12/13/2014 12/13/14 For Sale $175,000 -- $85 / 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 $1,220 $9,604 -- --
2024 $1,153 $9,146 -- --
2023 $1,153 $37,030 $7,400 $29,630
2022 $1,116 $25,910 $5,180 $20,730
2021 $1,130 $22,830 $4,560 $18,270
2020 $1,102 $20,470 $4,090 $16,380
2019 $1,082 $17,220 $3,440 $13,780
2018 $1,053 $14,170 $2,830 $11,340
2017 $1,048 $11,350 $2,270 $9,080
2016 $1,029 $10,960 $2,190 $8,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6215202

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-38-063B