NOT LISTED FOR SALE

Estimated Value: $600,000 - $849,000

8 Beds
-- Bath
29,415 Sq Ft
$23/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $700,000 $24 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,926/month

64 Days on Market

Highlights

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

About This Home

As of October 2021

All units are 2bed 1.5 bath, with washer and dryer hookups on each unit,

Last Agent to Sell the Property

Jonathan Luna

A.Z. & Associates License #SA633513000 Listed on: 08/02/2021

Co-Listed By

Ruben Luna

eXp Realty License #SA558959000

Last Buyer's Agent

Janet Love

Get Multifamily License #SA668148000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $950

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 116-23-175

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 6,432
  • Williams Place Subdivision

Building Details

  • Operating Expense $950
  • Gross Income $49,302
  • Net Operating Income $42,758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$950

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 12th ST & ROOSEVELT ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: azreg01
  • Co List Office Phone: 602-456-7600
  • Subdivision Name: WILLIAMS PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6,432
  • Additional Parcels: Yes
  • Parcel #: 116-23-175

Multi Family

  • Owner Pays: Other, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Annual Gross Income: 49302.0
  • Property Net Operating Income: 42758.0
  • Annual Operating Expense: 950.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 950.0
  • Tax Book Number: 116.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Sep 20, 2021
Sold by
Herrera Juan Manuel and Herrera Maria
Bought by
Jms Az Property Ii Llc
Seller's Agent
Jonathan Luna
A.Z. & Associates
Buyer's Agent
Janet Love
Get Multifamily
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$691,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,774
Avg. Annual Appreciation
-0.29%

Purchase Details

Closed on
May 30, 2013
Sold by
Bastion Us Homes I Llc
Bought by
Kibble Ron L and Kibble Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,637
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2003
Sold by
The Israel & Esther Cirilo Family Trust
Bought by
Herrera Juan Manuel and Herrera Maira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 4, 2001
Sold by
Cirilo Israel and Cirilo Esther L
Bought by
Cirilo Israel and Cirilo Esther L
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
Jms Az Property Ii Llc $750,000 Security Title Agency Inc
Kibble Ron L $124,900 Stewart Title & Trust Of Pho
Herrera Juan Manuel $165,000 Lawyers Title Of Arizona Inc
Cirilo Israel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kibble Ron L $122,637
Previous Owner Herrera Juan Manuel $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $700,000 -6.7% $24 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/09/2021 09/09/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $750,000 -- $25 / 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 $3,749 $7,406 -- --
2024 $981 $7,053 -- --
2023 $981 $34,710 $6,120 $28,590
2022 $946 $23,650 $4,170 $19,480
2021 $939 $19,770 $3,480 $16,290
2020 $950 $18,700 $3,290 $15,410
2019 $948 $14,430 $2,540 $11,890
2018 $932 $14,350 $2,530 $11,820
2017 $910 $11,980 $2,110 $9,870
2016 $884 $9,140 $1,610 $7,530
2015 $818 $7,270 $1,280 $5,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6273221

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-175