NOT LISTED FOR SALE

12707 W Amy Dr Surprise, AZ 85378

Estimated Value: $788,481 - $828,000

8 Beds
-- Bath
3,000 Sq Ft
$269/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $622,000 $207 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,405/month

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of February 2022

Cash Cow! All 4 units are 2BD/1BA averaging 750 square feet. Each unit has washer and dryer hook-ups. The landscaping is low-maintenance desert. The units have been recently renovated with both interior and exterior improvements. 4 of 4 units have had recent interior renovations. The two units are renting at $900 currently, one at $800 and one at $700 last two tenants will be receiving a rent increase notice. Newer HVAC, New windows, new tile flooring on all units. Same Units (newly updated) across the street pending, with asking $950,000

Last Agent to Sell the Property

Patricia Ortega

Keller Williams, Professional Partners License #BR652879000 Listed on: 01/18/2022

Last Buyer's Agent

Patty Ortega

Cornerstone Real Estate License #BR652879000

Cornerstone Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $842

Year Built

  • Built in 1986

Lot Details

  • 5,793

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Dysart Elementary School
  • Dysart High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 501-18-270

Community Details

Overview

  • 4 Units
  • Cottonwood Estates Unit 1 Lot 1 12 Subdivision

Building Details

  • Operating Expense $6,242
  • Gross Income $42,800
  • Net Operating Income $36,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$842

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Grand & Dysart
  • Legal Info Range: 1W
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: COTTONWOOD ESTATES UNIT 1 LOT 1-12
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Steel Frame, Wood Frame, Painted, Stucco
  • Roof: Composition
  • Construction:Steel Frame: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Dysart Elementary School
  • High School: Dysart High School
  • Junior High Dist: Dysart Unified District
  • Middle Or Junior School: Dysart Elementary School

Lot Info

  • Additional Parcels: No
  • Parcel #: 501-18-270

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 42800.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 36800.0
  • Annual Operating Expense: 6242.0

Tax Info

  • Tax Annual Amount: 842.0
  • Tax Book Number: 501.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Feb 23, 2022
Sold by
Las Casas Mias Iii Llc
Bought by
Jain Shalabh
Seller's Agent
Patricia Ortega
Keller Williams, Professional Partners
Buyer's Agent
Patty Ortega
Cornerstone Real Estate
List Price
$585,000
Sold Price
$622,000
Premium/Discount to List
$37,000
6.32%
Current Estimated Value
$824,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,977
Avg. Annual Appreciation
7.01%
Original Mortgage
$466,500
Outstanding Balance
$437,125
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$369,245

Purchase Details

Closed on
Oct 18, 2021
Sold by
Lmr Investing And Holdings Llc
Bought by
Las Casas Mias Iii Llc

Purchase Details

Listed on
Sep 24, 2015
Closed on
Dec 17, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lmr Investing & Holdings Llc
Seller's Agent
Andrew Monaghan
Real Broker
Buyer's Agent
Patty Ortega
Cornerstone Real Estate
List Price
$154,900
Sold Price
$120,000
Premium/Discount to List
-$34,900
-22.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.01%

Purchase Details

Closed on
Aug 19, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 13, 2007
Sold by
Rankin Robert Rollie and Rankin Blanca A
Bought by
Rankin Robert Rollie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2001
Sold by
Rankin Robert Rollie
Bought by
Rankin Robert Rollie and Rankin Blanca A

Purchase Details

Closed on
Mar 30, 2001
Sold by
Rankin Blanca A
Bought by
Rankin Robert Rollie

Purchase Details

Closed on
Nov 20, 2000
Sold by
Vaage Gary
Bought by
Rankin Robert Rollie

Purchase Details

Closed on
Jun 20, 1996
Sold by
Sanders Dale L and Sanders Golda R
Bought by
Vaage Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
8.03%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jain Shalabh $622,000 Landmark Title
Las Casas Mias Iii Llc -- None Available
Lmr Investing & Holdings Llc $120,000 Stewart Title
Federal Home Loan Mortgage Corporation -- None Available
Nationstar Mortgage Llc $118,043 None Available
Rankin Robert Rollie -- Commerce Title Company
Rankin Robert Rollie -- Capital Title Agency
Rankin Robert Rollie -- Capital Title Agency Inc
Rankin Robert Rollie $144,200 Capital Title Agency Inc
Vaage Gary $70,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Shalabh $466,500
Previous Owner Rankin Robert Rollie $208,000
Previous Owner Rankin Robert R $176,800
Previous Owner Vaage Gary $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2022 02/23/22 Sold $622,000 0.0% $207 / Sq Ft
01/21/2022 01/21/22 Price Changed $622,000 +6.3% $207 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $585,000 +387.5% $195 / Sq Ft
12/28/2015 12/28/15 Sold $120,000 -22.5% $40 / Sq Ft View Prior Sale
12/07/2015 12/07/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $154,900 -- $52 / 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 $834 $9,167 -- --
2024 $820 $8,731 -- --
2023 $820 $44,880 $8,970 $35,910
2022 $811 $30,800 $6,160 $24,640
2021 $842 $27,160 $5,430 $21,730
2020 $832 $20,600 $4,120 $16,480
2019 $807 $20,050 $4,010 $16,040
2018 $792 $19,830 $3,960 $15,870
2017 $736 $12,680 $2,530 $10,150
2016 $711 $11,450 $2,290 $9,160
2015 $649 $9,270 $1,850 $7,420
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Patricia Ortega

    Keller Williams, Professional Partners

  • Patty Ortega

    Buyer's Agent in 2022

    Patty Ortega

    Cornerstone Real Estate

    (602) 921-3605

    2 in this area

    36 Total Sales

    Patty Ortega
    Section Image
  • Andrew Monaghan

    Seller's Agent in 2015

    Andrew Monaghan

    Real Broker

    (602) 541-9416

    9 in this area

    127 Total Sales

    Andrew Monaghan
    Section Image

  • C

    Seller Co-Listing Agent in 2015

    Charlie Sykes

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6343393

Arizona Regional Multiple Listing Service (ARMLS)

APN: 501-18-270

Arizona Maricopa County Surprise 85378

12707 W Amy Dr, Surprise, AZ

Not Listed for Sale

MultiFamily

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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