NOT LISTED FOR SALE

Estimated Value: $393,243 - $635,000

Studio
-- Bath
1,406 Sq Ft
$358/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $73,000 $52 Per Sq Ft

Est. 548% increase in value since last sale

Current estimated payment $2,574/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of January 2014

Duplex, located in Central Corridor. Great income property! Newer carpet and newer tile in the front unit, rent ready.

Last Agent to Sell the Property

Kelly Cook

Real Broker License #SA562405000 Listed on: 02/04/2013

Real Broker

Last Buyer's Agent

Joe Collins

My Home Group Real Estate License #SA632872000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $656

Year Built

  • Built in 1950

Lot Details

  • 6,142

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Lindbergh Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for water, sewer, cable TV
  • Tax Lot 2
  • Assessor Parcel Number 118-02-064

Community Details

Overview

  • 2 Units
  • Building Dimensions are 107 X 58

Building Details

  • Operating Expense $2,206
  • Gross Income $13,500
  • Net Operating Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$656

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 12 th St and Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • 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: Other, See Remarks

Schools

  • Elementary School: Lindbergh Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 107 X 58
  • Additional Parcels: No
  • Parcel #: 118-02-064

Multi Family

  • Owner Pays: Water, Sewer, Cable TV
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 13500.0
  • Insurance Expense: 350.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 10200.0
  • Annual Operating Expense: 2205.72

Tax Info

  • Tax Annual Amount: 655.72
  • Tax Book Number: 118.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2022
Sold by
Corrales Jesus E
Bought by
Gloria Jesus E and Gloria Estela
Current Estimated Value
$472,970

Purchase Details

Listed on
Feb 4, 2013
Closed on
Jan 7, 2014
Sold by
Corrales Estela Castro and Corrales Jesus Ernesto
Bought by
Corrales Jesus Ernesto
Seller's Agent
Kelly Cook
Real Broker
Buyer's Agent
Joe Collins
My Home Group Real Estate
List Price
$70,000
Sold Price
$73,000
Premium/Discount to List
$3,000
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.45%

Purchase Details

Closed on
Dec 9, 2004
Sold by
Medrano Irma Granados
Bought by
Castro Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2001
Sold by
Jackson Scott and Jackson Charla
Bought by
Granados Luz M and Granados Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,963
Interest Rate
6.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 2, 1999
Sold by
Pfeiffer Geoffrey E and Pfeiffer Lea M
Bought by
Jackson Scott

Purchase Details

Closed on
Feb 26, 1998
Sold by
Nagara Michel
Bought by
Pfeiffer Geoffrey E and Pfeiffer Lea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 1997
Sold by
Gondek David and Gondek David J
Bought by
Nagara Michel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
7.36%
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
Gloria Jesus E -- --
Corrales Jesus Ernesto -- Stewart Title & Trust Of Pho
Corrales Jesus E $73,000 Stewart Title & Trust Of Pho
Castro Joshua $139,000 Grand Canyon Title Agency In
Granados Luz M $117,000 Transnation Title Insurance
Jackson Scott $86,500 Transnation Title Insurance
Pfeiffer Geoffrey E $74,000 Arizona Title Agency Inc
Nagara Michel $54,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castro Joshua $111,200
Previous Owner Granados Luz M $115,963
Previous Owner Pfeiffer Geoffrey E $59,200
Previous Owner Nagara Michel $43,200
Closed Granados Luz M $5,950
Closed Castro Joshua $27,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2014 01/17/14 Sold $73,000 +4.3% $52 / Sq Ft
02/04/2013 02/04/13 Pending -- -- --
02/04/2013 02/04/13 For Sale $70,000 -- $50 / 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 $1,200 $9,245 -- --
2024 $1,121 $8,804 -- --
2023 $1,121 $31,710 $6,340 $25,370
2022 $1,115 $25,000 $5,000 $20,000
2021 $1,133 $21,710 $4,340 $17,370
2020 $1,105 $17,970 $3,590 $14,380
2019 $1,057 $15,830 $3,160 $12,670
2018 $1,022 $13,830 $2,760 $11,070
2017 $938 $11,480 $2,290 $9,190
2016 $905 $8,530 $1,700 $6,830
2015 $841 $7,800 $1,560 $6,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4884931

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-02-064