NOT LISTED FOR SALE

Estimated Value: $806,000 - $896,606

Studio
-- Bath
2,760 Sq Ft
$307/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $866,000 $314 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,573/month

10 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Madison Heights Elementary School Rated A-

About This Home

As of September 2022

Very well managed and maintained fourplexes . All 2/1 units at $875 to 900 per month with room to raise those rents around $350 or more per door. All leases are current, long term tenants, and most ( 9 or 10 of the 12 across all three buildings) leases are up in Sept/Oct . Do not disturb tenants. 1 Vacant Unit recently rehabbed can be rented for 1250+.

Last Agent to Sell the Property

Shane Cook

eXp Realty License #SA585717000 Listed on: 07/19/2022

eXp Realty

Co-Listed By

Jamison Sweet

eXp Realty License #SA637728000

Last Buyer's Agent

Allie Myers

eXp Realty License #SA669418000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,659

Year Built

  • Built in 1972

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Madison Elementary School
  • North High School

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 160-22-114

Community Details

Overview

  • 4 Units
  • Building Dimensions are 136 x 75
  • Mission Viejo Section 3 Subdivision

Building Details

  • Operating Expense $1,659
  • Gross Income $43,200
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,659

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 16TH STREET AND GLENDALE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2021
  • Co List Office Mls Id: xpre18
  • Co List Office Phone: 888-897-7821
  • Subdivision Name: MISSION VIEJO SECTION 3
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Individual
  • 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: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Madison Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 136 x 75
  • Additional Parcels: No
  • Parcel #: 160-22-114

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 43200.0
  • Property Net Operating Income: 39000.0
  • Annual Operating Expense: 1659.0

Tax Info

  • Tax Annual Amount: 1659.0
  • Tax Book Number: 160.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 29, 2022
Sold by
1313 Vista Llc
Bought by
1325 Sumida Vista Llc
Seller's Agent
Shane Cook
eXp Realty
Buyer's Agent
Allie Myers
eXp Realty
List Price
$1,100,000
Sold Price
$866,000
Premium/Discount to List
-$234,000
-21.27%
Views
3
Current Estimated Value
$846,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,598
Avg. Annual Appreciation
-0.70%

Purchase Details

Closed on
May 17, 2011
Sold by
Cave Beverly
Bought by
1313 Vista Llc

Purchase Details

Closed on
Jan 5, 2001
Sold by
Cave Beverly and Cave Norman Edward
Bought by
Cave Beverly and The Beverly Cave Revocable Trust
Source: Public Records
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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
1325 Sumida Vista Llc $866,000 Phoenix Az Title Agency Llc
1313 Vista Llc $75,000 Great American Title Agency
Cave Beverly -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $866,000 -13.4% $314 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/24/2022 07/24/22 Price Changed $999,900 -9.1% $362 / Sq Ft
07/19/2022 07/19/22 For Sale $1,100,000 -- $399 / 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 $1,827 $14,025 -- --
2024 $1,695 $13,357 -- --
2023 $1,695 $55,930 $11,180 $44,750
2022 $1,645 $37,850 $7,570 $30,280
2021 $1,659 $34,850 $6,970 $27,880
2020 $1,633 $27,680 $5,530 $22,150
2019 $1,597 $24,280 $4,850 $19,430
2018 $1,558 $21,000 $4,200 $16,800
2017 $1,485 $17,320 $3,460 $13,860
2016 $1,433 $14,720 $2,940 $11,780
2015 $1,331 $12,850 $2,570 $10,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6436668

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-114