NOT LISTED FOR SALE

Estimated Value: $526,265 - $623,000

Studio
-- Bath
1,737 Sq Ft
$339/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $358,000 $206 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,160/month

20 Days on Market

Highlights

  • Heated Community Pool
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of July 2020

A Historic Neighborhood Garfield gem... main house is a recently renovated 2 bedroom 1 bath which includes 2 studios. Renovation of the
main house done in 2018 from new A/C, electrical wiring, plumbing, roof and appliances. Property has a pool and a great 10x20 storage
unit. This is a highly desirable location and tenants all pay on-time. DO NOT DISTURB TENANTS. SHOWING AFTER SIGNED PURCHASE
AGREEMENT

Last Agent to Sell the Property

Mike Snitz

Realty ONE Group License #SA651575000 Listed on: 05/30/2020

Last Buyer's Agent

Molly Rodham

Compass License #SA657835000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $331

Year Built

  • Built in 1972

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Garfield Elementary And Middle School
  • North High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 28 / 7
  • Assessor Parcel Number 125-14-049

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 50x150
  • Villa Verde Condominum Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,178
  • Gross Income $25,800
  • Net Operating Income $18,271

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$331

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 12th Street & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1972
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: VILLA VERDE CONDOMINUM
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 318.46
  • Annual Water Sewer Expense: 1762.52

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Garfield School

Lot Info

  • Lot Size: 50x150
  • Additional Parcels: No
  • Parcel #: 125-14-049

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Electric Expense: 1426.16
  • Annual Gross Income: 25800.0
  • Maintenance Expense: 4340.0
  • Property Net Operating Income: 18271.32
  • Annual Operating Expense: 8178.14

Tax Info

  • Tax Annual Amount: 331.0
  • Tax Block: 7
  • Tax Book Number: 125.00
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
Payne Ryan Lamar
Bought by
K & R Payne Llc
Current Estimated Value
$589,316

Purchase Details

Closed on
Oct 4, 2022
Sold by
K & R Payne Llc
Bought by
Payne Ryan Lamar and Payne Kristin Aileen

Purchase Details

Listed on
May 30, 2020
Closed on
Sep 1, 2020
Sold by
Payne Ryan Lamar and Payne Kristin Aileen
Bought by
K & R Payne Llc
Seller's Agent
Mike Snitz
Realty ONE Group
Buyer's Agent
Molly Rodham
Compass
List Price
$364,500
Sold Price
$358,000
Premium/Discount to List
-$6,500
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.49%
Original Mortgage
$351,515
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
May 30, 2020
Closed on
Jul 20, 2020
Sold by
Livas Erik J
Bought by
Payne Ryan Lamar and Payne Kristin Aileen
Seller's Agent
Mike Snitz
Realty ONE Group
Buyer's Agent
Molly Rodham
Compass
List Price
$364,500
Sold Price
$358,000
Premium/Discount to List
-$6,500
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,515
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 25, 2018
Closed on
Oct 8, 2018
Sold by
Piurek Jeff
Bought by
Livas Erik J
Seller's Agent
Matthew Bieniek
Delex Realty
Buyer's Agent
Mike Snitz
Realty ONE Group
List Price
$315,000
Sold Price
$288,500
Premium/Discount to List
-$26,500
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$257,936
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2011
Sold by
Coronado Mercedes
Bought by
Piurek Jeff

Purchase Details

Closed on
Jan 1, 2010
Sold by
Coronado Mercedes
Bought by
Mercedes Coronado Revocable Trust

Purchase Details

Closed on
Jul 26, 2007
Sold by
Aurora Loan Services
Bought by
Coronado Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,675
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2007
Sold by
Lofontant Marc A
Bought by
Aurora Loan Services

Purchase Details

Closed on
Dec 20, 2005
Sold by
Sotelo Ramiro
Bought by
Lafontant Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,100
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 15, 2004
Sold by
1201 East Moreland
Bought by
Sotelo Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2003
Sold by
Marlow John and Marlow Kelee
Bought by
1201 East Moreland Llc

Purchase Details

Closed on
Apr 18, 2003
Sold by
Proulx Richard H
Bought by
Marlow John and Marlow Kellee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.37%
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
K & R Payne Llc -- --
Payne Ryan Lamar -- --
K & R Payne Llc -- None Available
Payne Ryan Lamar $358,000 Lawyers Title Of Arizona Inc
Livas Erik J $268,000 Old Republic Title Agency
Piurek Jeff $44,000 First American Title Ins Co
Mercedes Coronado Revocable Trust -- None Available
Coronado Mercedes $184,900 Multiple
Aurora Loan Services $221,163 First American Title
Lafontant Marc $229,000 Transnation Title Ins Co
Sotelo Ramiro $168,000 Security Title Agency Inc
1201 East Moreland Llc -- --
Marlow John $140,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Payne Ryan Lamar $351,515
Previous Owner Livas Erik J $257,936
Previous Owner Coronado Mercedes $138,675
Previous Owner Lafontant Marc $206,100
Previous Owner Sotelo Ramiro $151,200
Previous Owner Marlow John $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2020 07/27/20 Sold $358,000 -1.8% $206 / Sq Ft
05/29/2020 05/29/20 For Sale $364,500 +26.3% $210 / Sq Ft
10/22/2018 10/22/18 Sold $288,500 -8.4% $166 / Sq Ft View Prior Sale
10/13/2018 10/13/18 Price Changed $315,000 0.0% $181 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/25/2018 08/25/18 For Sale $315,000 -- $181 / 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 $1,199 $8,441 -- --
2024 $1,118 $8,039 -- --
2023 $1,118 $36,730 $7,340 $29,390
2022 $1,078 $26,150 $5,230 $20,920
2021 $1,070 $22,410 $4,480 $17,930
2020 $1,082 $19,550 $3,910 $15,640
2019 $1,080 $16,760 $3,350 $13,410
2018 $1,062 $13,860 $2,770 $11,090
2017 $1,037 $12,210 $2,440 $9,770
2016 $1,008 $9,380 $1,870 $7,510
2015 $932 $7,660 $1,530 $6,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6084427

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-058