NOT LISTED FOR SALE

Estimated Value: $622,000 - $1,882,000

-- Bed
-- Bath
2,637 Sq Ft
$411/Sq Ft Est. Value

Last Sold December 12, 2018

Last sale price $675,000 $256 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,957/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 2-minute walk to Norton Park
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2018

Carol Avenue Garden Apartments is on the market! Fantastic opportunity! Seller says sell after 26 years of TLC on this income property. 3 buildings, 3 APN's...1313, 1317 & 1321 E Carol Avenue. Nine 2/1 units in 3 buildings, will not separate. Borders a beautiful Phoenix park. On a very quiet street! Beautiful grounds...over 1/2 acre total, laundry on site (commercial Huebsch washer), great parking! Rarely a vacancy in these units! Don't worry about any of the roofs or air conditioners as they have been replaced. Special fence installed on 3 sides. No seller financing. No showings until inspection period. Drive by only. Do not walk the property, DO NOT disturb the tenants.

Last Agent to Sell the Property

Curt Johnson

Compass License #SA572181000 Listed on: 11/28/2018

Compass

Last Buyer's Agent

Ron Johnson

Realty ONE Group License #SA046969000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,018

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Paved Parking

Schools

  • Washington Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 33
  • Assessor Parcel Number 159-31-108

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 28000
  • Bickerstaff Homes Subdivision

Building Details

  • Operating Expense $13,231
  • Net Operating Income $36,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,018

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd and Mountain View Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2018
  • Directions: From Cave Creek, go east on Mountain View to 13th St. Go right, south on 13th St 2 blocks to Carol Ave. Go left, properties are on your right.
  • Road Surface Type: Concrete
  • Subdivision Name: BICKERSTAFF HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 520.0
  • Trash Expense: 720.0
  • Annual Water Sewer Expense: 5271.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 28000
  • Additional Parcels: Yes
  • Parcel #: 159-31-108

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 9
  • Electric Expense: 768.0
  • Insurance Expense: 2434.0
  • Property Net Operating Income: 36869.0
  • Annual Operating Expense: 13231.0

Tax Info

  • Tax Annual Amount: 1018.0
  • Tax Book Number: 159.00
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2018
Closed on
Dec 10, 2018
Sold by
Lld Rentals Carol Llc
Bought by
Cl Kl Ll Holdings Llc
Seller's Agent
Curt Johnson
Compass
Buyer's Agent
Ron Johnson
Realty ONE Group
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$1,083,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,333
Avg. Annual Appreciation
7.71%
Original Mortgage
$675,000
Interest Rate
4.8%
Mortgage Type
Commercial
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
Cl Kl Ll Holdings Llc $675,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tombstone Llc $1,291,000
Closed Cl Kl Ll Holdings Llc $675,000
Closed Cl Kl Ll Holdings Llc $675,000
Previous Owner Deibert Linda Lee $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $675,000 0.0% $256 / Sq Ft
11/30/2018 11/30/18 Pending -- -- --
11/28/2018 11/28/18 For Sale $675,000 -- $256 / 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 $1,197 $9,787 -- --
2024 $1,175 $9,321 -- --
2023 $1,175 $38,460 $7,690 $30,770
2022 $1,137 $27,450 $5,490 $21,960
2021 $1,152 $23,380 $4,670 $18,710
2020 $1,123 $20,680 $4,130 $16,550
2019 $1,102 $18,100 $3,620 $14,480
2018 $1,074 $15,080 $3,010 $12,070
2017 $1,068 $12,000 $2,400 $9,600
2016 $1,049 $11,260 $2,250 $9,010
2015 $971 $9,380 $1,870 $7,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5851617

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-31-108