NOT LISTED FOR SALE

12428 N Desert Sage Dr Unit A/B Fountain Hills, AZ 85268

Estimated Value: $722,000 - $809,000

5 Beds
2 Baths
2,600 Sq Ft
$300/Sq Ft Est. Value

Last Sold September 25, 2012

Last sale price $225,000 $87 Per Sq Ft

Est. 247% increase in value since last sale

Current estimated payment $4,212/month

137 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available
  • Fountain Hills Middle School Rated A-
  • Garage

About This Home

As of September 2012

APPROVED SHORT SALE!! BACK ON MARKET! GREAT INVESTMENT OPPORTUNITY WITH ONE TENANT IN PLACE ON THE 'A' SIDE. QUIET FOUNTAIN HILLS NEIGHBORHOOD. JUST NEEDS A LITTLE TLC.

Last Agent to Sell the Property

Lisa Murray

Russ Lyon Sotheby's International Realty License #BR557263000 Listed on: 03/15/2012

Last Buyer's Agent

Lisa Murray

RE/MAX Excalibur License #BR557263000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 1987

Lot Details

  • 0.33

Parking

  • Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile

Laundry

  • Washer and Dryer Hookup

Schools

  • Fountain Hills High Elementary School
  • Fountain Hills High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electric, sewer, trash, water
  • The owner pays for sewer

Community Details

Overview

  • $1,174 per year Dock Fee
  • 2 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,498

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Tax Municipality: Fountain Hills
  • Appliances Included: BI Oven/Range, Dishwasher, Disposal, Refrigerator, W/D Hookup
  • Construction Finish: Painted, Stucco
  • Cross Street: Fountain Hills Blvd and Arroyo Vista
  • Floors: Carpet, Ceramic Tile
  • Legal Info Lot Number: 24
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 12000
  • Legal Description Abbrev: Fountain Hills Az Fp 206 Tr A-C
  • Marketing Name: Investment Opportunity
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 3.00
  • Map Code Grid: L40
  • Year Built: 1987
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping, Fenced, Landscape Wtr System, Patio/Balcony
  • Roofing: Tile
  • Construction: Frame - Wood

Garage/Parking

  • Parking: Garage
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 3.00

Utilities

  • Water: Private Franchise
  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Fountain Hills High School
  • High School: Fountain Hills High School
  • Junior High School: Fountain Hills High School

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Adjusted Gross Inc: 21600.00
  • Income And Expenses Annual Ins Exp: 1500.00
  • Income And Expenses Annual Landscape Exp: 700.00
  • Income And Expenses Annual Maint Exp: 500.00
  • Income And Expenses Gross Annual Sch Inc: 21600.00
  • Income And Expenses Net Operating Income: 19200.00
  • Income And Expenses Operating Exp: 3874.00
  • Income And Expenses Totl Mnth Rntal Inc: 1750.00
  • Number Of Three Bedroom Units: 1
  • Number Of Two Bedroom Units: 1
  • Owner Pays: Sewer
  • Tenant Pays: Cable TV, Electric, Sewer, Trash, Water
  • Three Bedroom Units Avg Rent: 950.00
  • Three Bedroom Units Avg Sq Ft: 1500
  • Three Bedroom Units Baths: 1
  • Total Numberof Buildings: 1
  • Total Numberof Units: 2.00
  • Two Bedroom Units Avg Rent: 800.00
  • Two Bedroom Units Avg Sq Ft: 1100
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1174.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
Sep 14, 2012
Sold by
Howard Michael
Bought by
Fayad Sameer Dalton and Bandol Emanuela
Seller's Agent
Lisa Murray
Russ Lyon Sotheby's International Realty
Buyer's Agent
Lisa Murray
Russ Lyon Sotheby's International Realty
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$780,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,853
Avg. Annual Appreciation
9.97%

Purchase Details

Closed on
Feb 27, 2006
Sold by
Skripchak Olexandra
Bought by
Howard Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Kern Phyliss L
Bought by
Howard Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
5.5%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 23, 2003
Sold by
Kern Bradley J
Bought by
Kern Phyllis L

Purchase Details

Closed on
May 8, 2002
Sold by
Leavy Anna Mary
Bought by
Kern Phyliss L and Kern Bradley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Fayad Sameer Dalton $225,000 Fidelity Natl Title Agency I
Howard Michael -- Westland Title Agency
Howard Michael $330,000 Security Title Agency
Howard Michael -- Security Title Agency
Kern Phyllis L -- --
Kern Phyliss L $252,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Michael $360,000
Previous Owner Howard Michael $5,000
Previous Owner Howard Michael $308,750
Previous Owner Kern Phyliss L $201,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2012 09/25/12 Sold $225,000 0.0% $87 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $225,000 -- $87 / 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 $1,498 $25,980 -- --
2024 $1,438 $24,743 -- --
2023 $1,438 $56,820 $11,360 $45,460
2022 $1,407 $50,630 $10,120 $40,510
2021 $1,529 $47,550 $9,510 $38,040
2020 $1,501 $39,670 $7,930 $31,740
2019 $1,527 $33,000 $6,600 $26,400
2018 $1,521 $30,710 $6,140 $24,570
2017 $1,464 $28,530 $5,700 $22,830
2016 $1,449 $28,470 $5,690 $22,780
2015 $1,341 $23,680 $4,730 $18,950
Source: Public Records

Agents Affiliated with this Home

  • Lisa Murray

    Seller's Agent in 2012

    Lisa Murray

    Russ Lyon Sotheby's International Realty

    (602) 400-0250

    38 in this area

    63 Total Sales

    Lisa Murray
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4738058

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-05-268

Arizona Maricopa County Fountain Hills 85268

12428 N Desert Sage Dr Unit A/B, Fountain Hills, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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