$145,000
SOLD JUL 25, 2016
-- Bed
-- Bath
1,769 Sq Ft
871 Sq Ft Lot

Recently Sold

$82 Per Sq Ft

6% Below List Price

33 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2016

Large 2 Bedroom / 1 Bath units. Portland side apartment was recently remodeled - including new kitchen cabinets, appliances, bath cabinet and tub with tile surround. Great student rental property. 100% Occupied - both units rented to students. Historically, have had long term tenants. Washer/Dryer out side of Diamond unit. Each side has a private yard area. Note: Interior pictures are of remodeled unit. Other unit is all tile also. Located in Garfield Historic District. All information contained herein to be verified by buyer.

Last Agent to Sell the Property

Carol Wedepohl

Heritage Success Realty LLC License #BR024485000 Listed on: 05/20/2016

Last Buyer's Agent

Steven Stein

Roadrunner Management Realty License #BR532837000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $939

Year Built

  • Built in 1953

Home Design

  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 17
  • Assessor Parcel Number 116-23-183-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 137.82 x 49.95 x 135.93 x 49.98
  • Williams Place Add Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $7,136
  • Gross Income $15,264
  • Net Operating Income $12,954

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$939

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 12th St and Portland
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2015
  • Directions: Go east on Portland to duplex
  • Road Surface Type: Asphalt
  • Professional Management Expense: 954.0
  • Subdivision Name: WILLIAMS PLACE ADD
  • Tax Parcel Letter: A
  • 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:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Other, See Remarks
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Play Area

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 2946.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 137.82 x 49.95 x 135.93 x 49.98
  • Additional Parcels: No
  • Parcel #: 116-23-183-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 15264.0
  • Insurance Expense: 1175.0
  • Maintenance Expense: 1122.0
  • Property Net Operating Income: 12954.0
  • Annual Operating Expense: 7136.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 939.0
  • Tax Book Number: 116.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2016
Closed on
Jul 11, 2016
Sold by
Cornerstone Partners Llc
Bought by
Wu Michael
Seller's Agent
Carol Wedepohl
Heritage Success Realty LLC
Buyer's Agent
Steven Stein
Roadrunner Management Realty
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Current Estimated Value
$646,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,768
Avg. Annual Appreciation
17.36%
Original Mortgage
$100,000
Outstanding Balance
$48,278
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$566,148

Purchase Details

Closed on
Jun 30, 2010
Sold by
Cornerstone Southwest Properties Llc
Bought by
Cornerstone Partners Llc

Purchase Details

Closed on
Nov 22, 2006
Sold by
Srogoncik Jesse and Srogoncik Sandra
Bought by
Cornerstone Southwest Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,550
Interest Rate
6.38%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 6, 2006
Sold by
Urquhart Benjamin
Bought by
Srogoncik Jesse and Srogonicik Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,550
Interest Rate
6.38%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 22, 2003
Sold by
Kildew Floyd
Bought by
Kildew Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,250
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2003
Sold by
Equity Recovery Specialists Llc
Bought by
Kildew Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,250
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2003
Sold by
Afx Investments Llc
Bought by
Equity Recovery Specialists Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,250
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2002
Sold by
Vicente David
Bought by
Afx Investments Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 Driggs Title Agency Inc
Quit Claim Deed -- Accommodation
Warranty Deed -- Security Title Agency Inc
Joint Tenancy Deed $172,000 Security Title Agency Inc
Interfamily Deed Transfer -- Century Title Agency Inc
Warranty Deed $115,000 Century Title Agency Inc
Cash Sale Deed $67,000 First Financial Title Agency
Cash Sale Deed $57,000 First Financial Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Previous Owner $26,550 Stand Alone Second
Previous Owner $141,600 New Conventional
Previous Owner $103,250 Purchase Money Mortgage
Previous Owner $103,250 Purchase Money Mortgage
Previous Owner $15,000 Unknown
Previous Owner $82,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Rented $750 -6.3% --
10/24/2017 10/24/17 Under Contract -- -- --
10/07/2017 10/07/17 For Rent $800 +6.7% --
09/24/2016 09/24/16 Rented $750 0.0% --
09/18/2016 09/18/16 Under Contract -- -- --
09/13/2016 09/13/16 For Rent $750 0.0% --
07/25/2016 07/25/16 Sold $145,000 -6.5% $82 / Sq Ft
07/12/2016 07/12/16 For Sale $155,000 0.0% $88 / Sq Ft
07/12/2016 07/12/16 Price Changed $155,000 0.0% $88 / Sq Ft
05/20/2016 05/20/16 For Sale $155,000 0.0% $88 / Sq Ft
08/29/2013 08/29/13 Rented $600 0.0% --
08/15/2013 08/15/13 Under Contract -- -- --
07/25/2013 07/25/13 For Rent $600 -- --
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 $1,137 $8,505 -- --
2024 $1,126 $8,100 -- --
2023 $1,126 $34,460 $6,890 $27,570
2022 $1,086 $24,180 $4,830 $19,350
2021 $1,078 $20,910 $4,180 $16,730
2020 $1,091 $19,350 $3,870 $15,480
2019 $1,089 $14,010 $2,800 $11,210
2018 $1,070 $13,960 $2,790 $11,170
2017 $1,045 $12,060 $2,410 $9,650
2016 $1,015 $9,080 $1,810 $7,270
2015 $939 $7,550 $1,510 $6,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5446091

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-183A