NOT LISTED FOR SALE

Estimated Value: $618,000 - $964,000

-- Bed
-- Bath
2,135 Sq Ft
$394/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $918,000 $430 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,563/month

21 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2022

WE L D O N is a 3-unit triplex located just northeast of the 15thAve and Osborn Road intersection in the heart of Midtown Phoenix. Nestled in a residential neighborhood, just across the street from
Clarendon Elementary School, the property is less than one and a half miles from Central Avenue. This iconic avenue runs through the center of the Innovation Corridor, one of the largest employment corridors
in the state. In addition to more than  171,000 employees and  1,700 companies that call it home, the area is ripe with some of the most popular entertainment and dining options in the valley.
Developed in 1949, Weldon is comprised of a one-bedroom unit covering 600 square feet, as well as two two-bedroom units offering 790 square feet each . Future ownership will have the opp improve operations of the property by eliminating loss-to-lease and
implementing a RUBS program on all three units.

Last Agent to Sell the Property

Adam Ottosen

REI Marketing License #SA585471000 Listed on: 01/17/2022

Last Buyer's Agent

Patrick Halpine

My Home Group Real Estate License #SA630078000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,259

Year Built

  • Built in 1949

Lot Details

  • 7,710

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 110-14-021

Community Details

Overview

  • 3 Units
  • Building Dimensions are 130x60x112x42
  • Clarendon Square Subdivision

Building Details

  • Operating Expense $10,901
  • Gross Income $47,652
  • Net Operating Income $38,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,259

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: 13th Ave & Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1949
  • Tax Year: 2021
  • Directions: From cross streets, south to Weldon Ave, property is on SW Corner of 13th Ave & Weldon
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2368.0
  • Subdivision Name: CLARENDON SQUARE
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Garage Details: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1574.0

Lot Info

  • Lot Size: 130x60x112x42
  • Additional Parcels: No
  • Parcel #: 110-14-021

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 47652.0
  • Insurance Expense: 825.0
  • Maintenance Expense: 1425.0
  • Property Net Operating Income: 38312.0
  • Annual Operating Expense: 10901.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1259.0
  • Tax Block: 2
  • Tax Book Number: 110.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Mar 7, 2022
Sold by
Wellempowered Cielo Azul Llc
Bought by
Baldini Family Trust
Seller's Agent
Adam Ottosen
REI Marketing
Buyer's Agent
Patrick Halpine
My Home Group Real Estate
List Price
$870,000
Sold Price
$918,000
Premium/Discount to List
$48,000
5.52%
Current Estimated Value
$840,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,407
Avg. Annual Appreciation
-2.46%

Purchase Details

Closed on
Mar 25, 2021
Sold by
Weiner Eric Michael and Weiner Adriana
Bought by
Wellempowered Cielo Azul Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2021
Sold by
1031 W Weldon Llc
Bought by
Weiner Eric Michael and Weiner Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2020
Sold by
Flewellen Brandford Charles Andrew and Flewellen Danielle Lajoyce
Bought by
1301 W Weldon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 16, 2018
Sold by
Flewellen Bradford Charles Andrew
Bought by
Flewellen Bradford Charles Andrew and Flewellen Danielle Lajoyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2018
Sold by
Flewellen Bradford Charles Andrew and Flewellen Danielle Lajoyce
Bought by
Flewellen Bradford Charles Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2017
Closed on
Oct 3, 2017
Sold by
Stella Rose Investments Llc
Bought by
Flewellen Bradford Charles Andrew and Flewellen Danielle Lajoyce
Seller's Agent
Daniel Kahn
E & G Real Estate Services
Buyer's Agent
Benjamin Ellis
E & G Real Estate Services
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.62%
Original Mortgage
$145,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2012
Sold by
Patrick Phoenix Housing Llc
Bought by
Stella Rose Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2012
Sold by
Asset Management Llc
Bought by
Patrick Phoenix Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2012
Sold by
Fimbres Inocente
Bought by
Asset Management Llc

Purchase Details

Closed on
Oct 26, 2007
Sold by
Lopez Mirna A
Bought by
Fimbres Inocente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,420
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 1995
Sold by
Hud
Bought by
Loya Jesus M and Loya Rosa F

Purchase Details

Closed on
May 11, 1994
Sold by
Berg Earl E
Bought by
Lomas Mtg Usa Inc

Purchase Details

Closed on
Feb 23, 1994
Sold by
Lomas Mtg Usa Inc
Bought by
Hud
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Baldini Family Trust $918,000 Landmark Title
Baldini Family Trust $918,000 Landmark Title
Wellempowered Cielo Azul Llc -- None Listed On Document
Weiner Eric Michael $610,000 Pioneer Title Agency Inc
1301 W Weldon Llc $425,000 Fidelity Natl Ttl Agcy Inc
Flewellen Bradford Charles Andrew -- Fidelity Natl Ttl Agcy Inc
Flewellen Bradford Charles Andrew -- Accommodation
Flewellen Bradford Charles Andrew -- Precision Title Agency Inc
Flewellen Bradford Charles Andrew $245,000 Chicago Title Agency Inc
Stella Rose Investments Llc $98,000 Title Management Agency Of A
Patrick Phoenix Housing Llc -- None Available
Asset Management Llc $67,000 Driggs Title Agency Inc
Fimbres Inocente -- Ticor Title Agency Of Arizon
Fembres Inocente $240,000 Ticor Title Agency Of Arizon
Loya Jesus M -- First Southwestern Title
Lomas Mtg Usa Inc -- Trans National Title Agency
Hud -- Trans National Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weiner Eric Michael $457,500
Previous Owner 1301 W Weldon Llc $318,750
Previous Owner Flewellen Bradford Charles Andrew $171,500
Previous Owner Flewellen Bradford Charles Andrew $145,000
Previous Owner Stella Rose Investments Llc $48,000
Previous Owner Fimbres Inocente $231,420
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $918,000 +5.5% $430 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/01/2022 01/01/22 For Sale $870,000 +255.1% $407 / Sq Ft
10/05/2017 10/05/17 Sold $245,000 -2.0% $115 / Sq Ft View Prior Sale
10/02/2017 10/02/17 For Sale $250,000 -- $117 / 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 $1,288 $10,266 -- --
2024 $1,245 $9,777 -- --
2023 $1,245 $42,010 $8,400 $33,610
2022 $1,238 $29,070 $5,810 $23,260
2021 $1,259 $25,570 $5,110 $20,460
2020 $1,227 $21,300 $4,260 $17,040
2019 $1,174 $18,210 $3,640 $14,570
2018 $1,135 $14,110 $2,820 $11,290
2017 $1,042 $12,880 $2,570 $10,310
2016 $1,005 $11,120 $2,220 $8,900
2015 $934 $9,810 $1,960 $7,850
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6342951

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-14-021