NOT LISTED FOR SALE

Estimated Value: $422,000 - $546,000

Studio
-- Bath
1,726 Sq Ft
$277/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $275,000 $159 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,567/month

1 Day on Market

Highlights

  • RV or Boat Parking
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of August 2020

LOCATION LOCATION LOCATION!!!! !fabulous Duplex in wonderful East Phoenix Unit #1, 2 BEDROOMS ONE BATHROOM Unit #2, 2 BEDROOMS ONE BATHROOM.. for the price of ONE 863 SQ/FT whit ceramic tile. Ceiling Fans, vertical blinds,block fenced patio the units are centrally located nearby to phoenix Airport, freeways access to downtown phoenix. don't Miss Out this great location. Check it Out !!! ROOF IS NEW GUARANTY IS TRANSFER TO NEW OWNER

Last Agent to Sell the Property

Alberto Avena

DeLex Realty License #SA569491000 Listed on: 06/29/2020

DeLex Realty

Co-Listed By

Madel Silva

DeLex Realty License #SA680207000

Last Buyer's Agent

Patrick Clark

Compass License #SA679204000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $959

Year Built

  • Built in 1960

Lot Details

  • 7,013

Parking

  • RV or Boat Parking

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Schools

  • Orangedale Junior High Prep Academy
  • Phoenix Union - Wilson College Preparatory High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 125-10-051

Community Details

Overview

  • 2 Units
  • Building Dimensions are 117X60
  • Sher Renee Estates 2 Subdivision

Building Details

  • Operating Expense $959
  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$959

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 48 th and Mcdowell rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: dele001
  • Co List Office Phone: 602-910-3002
  • Subdivision Name: SHER-RENEE ESTATES 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: RV/Boat Parking, Add'l Parking Avail
  • Attached Garage: No
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • High School: Phoenix Union - Wilson College Preparatory
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Orangedale Junior High Prep Academy

Lot Info

  • Lot Size: 117X60
  • Additional Parcels: No
  • Parcel #: 125-10-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 20400.0
  • Annual Operating Expense: 959.0

Tax Info

  • Tax Annual Amount: 959.0
  • Tax Book Number: 125.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Jul 22, 2020
Sold by
Diaz Bernave and Diaz Claudia
Bought by
Macias Gerardo and Macias Eusebia
Seller's Agent
Alberto Avena
DeLex Realty
Buyer's Agent
Patrick Clark
Compass
List Price
$268,900
Sold Price
$275,000
Premium/Discount to List
$6,100
2.27%
Current Estimated Value
$478,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,519
Avg. Annual Appreciation
10.66%
Original Mortgage
$218,762
Outstanding Balance
$193,984
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$284,535

Purchase Details

Closed on
Aug 18, 2009
Sold by
Covarrubias Oscar U
Bought by
Diaz Bernave and Diaz Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2006
Sold by
Covarrubias Ruth
Bought by
Covarrubias Oscar U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2004
Sold by
Covarrubias Victor M
Bought by
Covarrubias Oscar U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Macias Gerardo $275,000 Empire West Title Agency Llc
Diaz Bernave $80,000 Great American Title Agency
Covarrubias Oscar U -- Az Strategic Title Inc
Covarrubias Oscar U $130,000 Strategic Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macias Gerardo $218,762
Previous Owner Diaz Bernave $64,000
Previous Owner Covarrubias Oscar U $142,000
Previous Owner Covarrubias Oscar U $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2020 08/03/20 Sold $275,000 0.0% $159 / Sq Ft
06/30/2020 06/30/20 Off Market $275,000 -- --
06/30/2020 06/30/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $268,900 -- $156 / 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 $1,074 $8,415 -- --
2024 $1,001 $8,014 -- --
2023 $1,001 $30,670 $6,130 $24,540
2022 $965 $19,650 $3,930 $15,720
2021 $981 $15,460 $3,090 $12,370
2020 $963 $12,650 $2,530 $10,120
2019 $959 $11,230 $2,240 $8,990
2018 $904 $9,110 $1,820 $7,290
2017 $866 $7,300 $1,460 $5,840
2016 $847 $6,170 $1,230 $4,940
2015 $795 $7,050 $1,410 $5,640
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6096926

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-10-051