$1,135,000
SOLD AUG 7, 2015

12906 W Redfield Rd El Mirage, AZ 85335

-- Bed
-- Bath
1,308 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$868 Per Sq Ft

7% Below List Price

71 Days on Market

About This Home

As of December 2017

10 SINGLE FAMILY HOMES AS A BULK SALE PACKAGE. OFFERED AT $1,217,000, AVERAGE PRICE PER HOME IS $121,700. 9 HOMES ARE 3BR, 2BA, 1 HOME IS 2BR,1BA. 7 HOMES ARE LOCATED IN EL MIRAGE, 2 IN PHOENIX, 1 IN YOUNGSTOWN. MONTHLY RENTAL INCOME = $8550.00, ANNUAL RENTAL INCOME = $102,600. ALL 10 HOMES WERE BUILT BETWEEN 2000-2004, ALL HAVE 2 CAR GARAGES W/OPENERS. ALL 10 HOMES ARE OCCUPIED WITH TENANTS UNDER ANNUAL LEASE AGREEMENTS, ARE OWNED FREE & CLEAR AND ARE IN VERY GOOD CONDITION.

Last Agent to Sell the Property

Erich Robinson

The Robinson Group License #BR529082000 Listed on: 05/14/2015

Co-Listed By

Jarrod Robinson

The Robinson Group License #BR563156000

Last Buyer's Agent

Dana Dearien

Montebello Fine Properties License #BR528459000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $850

Year Built

  • Built in 2000

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Tax Lot 228
  • Assessor Parcel Number 501-33-375

Community Details

Overview

  • 10 Buildings
  • 10 Units
  • Building Dimensions are 5162
  • Rancho El Mirage Parcel A Subdivision

Building Details

  • Operating Expense $4,036
  • Gross Income $92,340
  • Net Operating Income $80,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$850

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: DYASRT & THUNDERBIRD ROAD
  • Legal Info Range: 1W
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 10
  • Year Built: 2000
  • Tax Year: 2014
  • Directions: NORTH ON DYSART, RIGHT ON VIA CAMILLE, LEFT ON 130TH LANE, RIGHT ON REDFIELD TO PROPERTY
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: trfg01
  • Co List Office Phone: 602-396-2000
  • Subdivision Name: RANCHO EL MIRAGE PARCEL A
  • Garage Yn: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: 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, Stucco, Frame - Wood
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 5162
  • Additional Parcels: Yes
  • Parcel #: 501-33-375

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 10
  • Annual Gross Income: 92340.0
  • Property Net Operating Income: 80370.15
  • Annual Operating Expense: 4036.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 850.0
  • Tax Book Number: 501.00
  • Tax Lot: 228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2017
Closed on
Dec 8, 2017
Sold by
Webb Daniel T
Bought by
Ruelas Richard and Ruelas Stephanie
Seller's Agent
Dana Dearien
Montebello Fine Properties
Buyer's Agent
Kelly Bridges
eXp Realty
List Price
$179,000
Sold Price
$185,000
Premium/Discount to List
$6,000
3.35%
Current Estimated Value
$349,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,275
Avg. Annual Appreciation
8.77%
Original Mortgage
$175,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2017
Sold by
Webb Shari A and Webb Daniel T
Bought by
Webb Daniel T and Webb Shari A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2015
Closed on
Aug 3, 2015
Sold by
B & H Azprop6 Llc
Bought by
Dswebb Llc
Seller's Agent
Erich Robinson
The Robinson Group
Buyer's Agent
Dana Dearien
Montebello Fine Properties
List Price
$1,217,000
Sold Price
$1,135,000
Premium/Discount to List
-$82,000
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.09%

Purchase Details

Closed on
Jun 6, 2012
Sold by
Resource Properties Llc
Bought by
B & H Azprop6 Llc

Purchase Details

Closed on
Oct 6, 2008
Sold by
Ez Homes Inc
Bought by
Resource 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
$63,665
Interest Rate
6.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 23, 2008
Sold by
Fallers Chad
Bought by
Ez Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,665
Interest Rate
6.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 12, 2005
Sold by
Smith Diana E
Bought by
Fallers Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,800
Interest Rate
10.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2000
Sold by
Dietz Crane Homes Llc
Bought by
Smith Diana E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,120
Interest Rate
8.22%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $185,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- Clear Title Agency Of Arizon
Warranty Deed -- Clear Title Agency Of Arizon
Cash Sale Deed $105,000 Driggs Title Agency Inc
Cash Sale Deed $89,900 First American Title Ins Co
Quit Claim Deed -- None Available
Trustee Deed $72,700 None Available
Warranty Deed $212,000 Security Title Agency Inc
Warranty Deed $84,249 Security Title Agency
Quit Claim Deed -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,500 New Conventional
Closed $175,750 New Conventional
Previous Owner $120,000 New Conventional
Previous Owner $60,000 Unknown
Previous Owner $63,665 Unknown
Previous Owner $137,800 Purchase Money Mortgage
Previous Owner $20,000 Credit Line Revolving
Previous Owner $84,120 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2017 12/20/17 Sold $185,000 0.0% $141 / Sq Ft
11/18/2017 11/18/17 Pending -- -- --
11/18/2017 11/18/17 Price Changed $185,000 +3.4% $141 / Sq Ft
11/15/2017 11/15/17 For Sale $179,000 -84.2% $137 / Sq Ft
08/07/2015 08/07/15 Sold $1,135,000 -6.7% $868 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $1,217,000 -- $930 / 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 $852 $9,162 -- --
2024 $835 $8,726 -- --
2023 $835 $24,280 $4,850 $19,430
2022 $838 $18,330 $3,660 $14,670
2021 $885 $16,750 $3,350 $13,400
2020 $889 $15,020 $3,000 $12,020
2019 $862 $13,070 $2,610 $10,460
2018 $852 $11,650 $2,330 $9,320
2017 $915 $10,230 $2,040 $8,190
2016 $885 $9,430 $1,880 $7,550
2015 $823 $9,270 $1,850 $7,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5280030

Arizona Regional Multiple Listing Service (ARMLS)

APN: 501-33-375