NOT LISTED FOR SALE

Estimated Value: $372,523 - $739,000

-- Bed
-- Bath
2,611 Sq Ft
$235/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $163,000 $62 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $3,497/month

26 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of February 2014

GREAT TRIPLEX IN THE HEART OF CENTRAL PHOENIX-FULLY OCCUPIED-RENTED WITH EXCELLENT CASH FLOW WITH SOME GOV'T CONTRACTS AND LONG TERM TENANTS-LARGE 2 BEDROOM UNITS-ACROSS FROM ELEMENTARY SCHOOL-NEAR PHOENIX COLLEGE AND EZ ACCESS TO DOWNTOWN-LOVELY STREET-PRIME LOCATION-BEING SOLD WITH ADJACENT TRI-PLEX AT 1305 W.CLARENDON-BUY THEM BOTH FOR GOOD LONG TERM INVESTMENTS-DO NOT DISTURB TENANTS-DRIVE BY ONLY

Last Agent to Sell the Property

John Rucidlo

AgentHub 360, LLC License #BR006054000 Listed on: 01/04/2014

Last Buyer's Agent

John Kovalik

DeLex Realty License #SA529382000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $743

Year Built

  • Built in 1949

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Clarendon Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 110-14-001

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7723
  • Clarendon Square Subdivision

Building Details

  • Operating Expense $4,426
  • Gross Income $22,488
  • Net Operating Income $14,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$743

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: INDIAN SCHOOL & 15TH AVE
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1949
  • Mobile Home Prk Info Total Number Spaces: 3
  • Tax Year: 2013
  • Directions: OSBORN & 15TH AVE-NORTH TO CLARENDON-PROPERTY ON CORNER
  • Road Surface Type: Concrete, Alley
  • Subdivision Name: Clarendon Square
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: Clarendon School
  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 7723
  • Additional Parcels: Yes
  • Parcel #: 110-14-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 123.0
  • Annual Gross Income: 22488.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 14608.0
  • Annual Operating Expense: 4425.56

Tax Info

  • Tax Annual Amount: 742.56
  • Tax Block: 1
  • Tax Book Number: 110.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2014
Closed on
Feb 14, 2014
Sold by
Mendoza Andrea Perusquia and Martinez Juan Pablo
Bought by
Teuscher Juan Pablo Martinez
Seller's Agent
John Rucidlo
AgentHub 360, LLC
Buyer's Agent
John Kovalik
DeLex Realty
List Price
$172,900
Sold Price
$163,000
Premium/Discount to List
-$9,900
-5.73%
Current Estimated Value
$613,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,631
Avg. Annual Appreciation
13.61%
Original Mortgage
$122,250
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2014
Closed on
Jan 31, 2014
Sold by
Fava Jose and Andrade Sandra
Bought by
Teuscher Juan Pablo Martinez
Seller's Agent
John Rucidlo
AgentHub 360, LLC
Buyer's Agent
John Kovalik
DeLex Realty
List Price
$172,900
Sold Price
$163,000
Premium/Discount to List
-$9,900
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2001
Sold by
Aungst James M and Aungst Kelley R
Bought by
Fava Jose and Andrade Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,250
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1999
Sold by
Liu C H and Liu Carol
Bought by
Aungst James M and Aungst Kelly R
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
Teuscher Juan Pablo Martinez -- Clear Title Agency Of Arizon
Teuscher Juan Pablo Martinez $163,000 Clear Title Agency Of Arizon
Fava Jose $122,300 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teuscher Juan Pablo Martinez $739,000
Closed Teuscher Juan Pablo Martinez $122,250
Closed Teuscher Juan Pablo Martinez $122,250
Previous Owner Fava Jose $122,250
Previous Owner Fava Jose $110,250
Closed Aungst James M --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2014 02/28/14 Sold $163,000 -5.7% $62 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $172,900 -- $66 / 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 $1,298 $10,343 -- --
2024 $1,254 $9,851 -- --
2023 $1,254 $42,860 $8,570 $34,290
2022 $1,247 $29,770 $5,950 $23,820
2021 $1,268 $25,910 $5,180 $20,730
2020 $1,236 $21,580 $4,310 $17,270
2019 $1,182 $20,660 $4,130 $16,530
2018 $1,143 $17,770 $3,550 $14,220
2017 $1,050 $14,600 $2,920 $11,680
2016 $1,012 $12,620 $2,520 $10,100
2015 $941 $10,150 $2,030 $8,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5048803

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-14-001