NOT LISTED FOR SALE

Estimated Value: $994,000 - $1,570,000

6 Beds
2 Baths
-- Sq Ft
8,320 Sq Ft Lot

Last Sold August 31, 2021

Last sale price $1,275,000

Est. 1% decrease in value since last sale

Current estimated payment $6,997/month

5 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Central Air
  • 4-minute walk to Walton Park

About This Home

As of August 2021

Amazing four-plex on one of the best streets in one of the best neighborhoods in the city. Watch the video for a layout of this unique property. A duplex sits closest to the street. Here, 2 2-bedroom 1 bath units with hardwood floors, fireplaces and beautiful light/windows are just the beginning. A gate on the east side of the house leads to a central courtyard with a 50+ year old Ficus Nitida and wonderful lush landscape. 2 studios are on the second level. One with exposed beams and an artist's vibe - the other a decidedly more metropolitan feel. Both have patios and overlook the main courtyard. Beneath one is a community room, with kitchen, bath, laundry and living space. Beneath the other is a large storage area that could house a full laundry if the new owners wanted to lease... the community room for additional income. Current rents are month-to-month and the duplex's east unit is vacant to show buyers. Also listed in residential MLS# 6266119.

Last Agent to Sell the Property

Don Mertes

HomeSmart License #SA116470000 Listed on: 07/17/2021

HomeSmart

Last Buyer's Agent

James Judge

HomeSmart License #SA673050000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,623

Year Built

  • Built in 1930

Lot Details

  • 8,320

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Paved Parking
  • On-Street Parking

Schools

  • Kenilworth Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 118-56-008

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 65 x 129
  • North Chelsea Subdivision

Amenities

  • Clubhouse

Building Details

  • Operating Expense $10,999
  • Gross Income $50,400
  • Net Operating Income $43,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,623

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: McDowell and Central Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R 1-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2020
  • Directions: McDowell Rd to 3rd Ave, then north to Granada and east to property.
  • Road Surface Type: Concrete
  • Subdivision Name: NORTH CHELSEA
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Clubhouse: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Brick
  • Roof: Other, Built-Up

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Paved, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Other, See Remarks
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Annual Fuel Expense: 629.99
  • Annual Water Sewer Expense: 2187.36

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 65 x 129
  • Additional Parcels: No
  • Parcel #: 118-56-008

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 508.67
  • Annual Gross Income: 50400.0
  • Insurance Expense: 684.33
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 43023.73
  • Annual Operating Expense: 10999.27

Tax Info

  • Tax Annual Amount: 3623.0
  • Tax Book Number: 118.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2022
Sold by
Gordon Cummings Benjamin and Gordon Deborah M
Bought by
Granada Casitas Llc
Current Estimated Value
$1,259,725

Purchase Details

Closed on
Jan 12, 2022
Sold by
Gordon Cummings Benjamin and Gordon Deborah M
Bought by
Granada Casitas Llc

Purchase Details

Listed on
Jul 17, 2021
Closed on
Aug 25, 2021
Sold by
Zautra Eva
Bought by
Cummings Deborah M and Cummings Scott H
Seller's Agent
Don Mertes
HomeSmart
Buyer's Agent
James Judge
HomeSmart
List Price
$1,250,000
Sold Price
$1,275,000
Premium/Discount to List
$25,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.32%
Original Mortgage
$931,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2017
Closed on
Jun 23, 2017
Sold by
Smith Elizabeth A and David Henry Battenhouse Estate
Bought by
Zautra Eva
Seller's Agent
Angela Horga
Century 21 Northwest
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$419,900
Sold Price
$400,000
Premium/Discount to List
-$19,900
-4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.14%
Source: Public Records

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
Granada Casitas Llc -- None Listed On Document
Granada Casitas Llc -- None Listed On Document
Cummings Deborah M $1,250,000 Driggs Title Agency Inc
Zautra Eva $400,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cummings Deborah M $931,250
Previous Owner Battenhouse David H $235,575
Previous Owner Battenhouse David H $262,000
Closed Battenhouse David H --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,275,000 +2.0% --
07/22/2021 07/22/21 Pending -- -- --
07/17/2021 07/17/21 For Sale $1,250,000 +212.5% --
08/15/2017 08/15/17 Sold $400,000 -4.7% --
08/15/2017 08/15/17 Price Changed $419,900 0.0% --
06/23/2017 06/23/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $419,900 -- --
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 $3,747 $31,604 -- --
2024 $3,711 $30,099 -- --
2023 $3,711 $84,600 $16,920 $67,680
2022 $3,569 $77,870 $15,570 $62,300
2021 $3,572 $78,980 $15,790 $63,190
2020 $3,623 $74,480 $14,890 $59,590
2019 $3,624 $68,980 $13,790 $55,190
2018 $3,560 $52,000 $10,400 $41,600
2017 $3,433 $50,850 $10,170 $40,680
2016 $3,335 $43,920 $8,780 $35,140
2015 $3,039 $40,730 $8,140 $32,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6266098

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-56-008