NOT LISTED FOR SALE

Estimated Value: $515,000 - $667,000

Studio
-- Bath
1,664 Sq Ft
$340/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $470,000 $282 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,075/month

15 Days on Market

Highlights

  • 2 Car Attached Garage
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of June 2022

Strategic & exceptional Central Phoenix location just north of Phoenix County Club, 1.5+- miles from 16th & Camelback & Phoenix Children's Hospital, near AZ 51 & I-10. Two - 1 bedroom, 1 bath units with long term tenants with below market rates but short-term leases remaining. E-Z maintenance. Separately metered - tenants pay utilities. New roof with 9 yr remaining warranty, exterior paint, block walls, new landscape and drip irrigation, new paver brick front walkway, storage sheds/outdoor laundry rebuilt or installed in 2021/2022. 2 car carport access from the alley. Boundary survey of property available.

Last Agent to Sell the Property

William Clarkson

AZ Brokerage Holdings, LLC License #BR008674000 Listed on: 05/14/2022

Last Buyer's Agent

William Clarkson

Realty Executives Arizona Territory License #BR008674000

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,366

Year Built

  • Built in 1964

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Car Attached Garage
  • Carport

Schools

  • Longview Elementary School
  • Osborn Middle School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 5
  • Assessor Parcel Number 118-08-093

Community Details

Overview

  • 2 Units
  • Building Dimensions are 124.7'+- x 52.2'+-
  • Longview Park Subdivision

Building Details

  • Operating Expense $8,982
  • Gross Income $20,700
  • Net Operating Income $11,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,366

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Osborn and 12th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2021
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2000.0
  • Subdivision Name: LONGVIEW PARK
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Boundary Survey Avlb
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Attached, 1 Space/Unit, Carport
  • Attached Garage: Yes
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, 2 or More Units
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Longview Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 124.7'+- x 52.2'+-
  • Additional Parcels: No
  • Parcel #: 118-08-093

Multi Family

  • Owner Pays: Landscaping, None
  • Number Of Units Total: 2
  • Annual Gross Income: 20700.0
  • Insurance Expense: 1416.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 11107.94
  • Annual Operating Expense: 8982.0

Tax Info

  • Tax Annual Amount: 1366.0
  • Tax Book Number: 118.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
May 31, 2022
Sold by
Puziss Brian R
Bought by
Perez Rudolph Nicholas
Seller's Agent
William Clarkson
AZ Brokerage Holdings, LLC
Buyer's Agent
William Clarkson
Realty Executives Arizona Territory
List Price
$459,000
Sold Price
$470,000
Premium/Discount to List
$11,000
2.4%
Current Estimated Value
$564,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,957
Avg. Annual Appreciation
5.37%
Original Mortgage
$399,500
Outstanding Balance
$380,060
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$184,897

Purchase Details

Closed on
May 17, 2019
Sold by
Puziss Brian and Estate Of Kelly Puziss
Bought by
Puziss Brian

Purchase Details

Closed on
May 27, 1998
Sold by
Stewart Dolores D
Bought by
Puziss Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 8, 1996
Sold by
Western United Life Assurance Company
Bought by
Stewart Dolores D

Purchase Details

Closed on
Oct 20, 1994
Sold by
Basila Stephen A and Basila Nancy
Bought by
Castro Joel B and Castro Maria I
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
Perez Rudolph Nicholas $470,000 First American Title
Puziss Brian -- None Available
Puziss Kelly $78,000 Security Title Agency
Stewart Dolores D $48,026 --
Castro Joel B $52,700 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Rudolph Nicholas $399,500
Previous Owner Puziss Kelly $53,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $470,000 +2.4% $282 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/14/2022 05/14/22 For Sale $459,000 -- $276 / 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 $1,447 $11,143 -- --
2024 $1,351 $10,612 -- --
2023 $1,351 $37,610 $7,520 $30,090
2022 $1,343 $28,980 $5,790 $23,190
2021 $1,366 $25,230 $5,040 $20,190
2020 $1,332 $21,310 $4,260 $17,050
2019 $1,274 $18,860 $3,770 $15,090
2018 $1,232 $16,530 $3,300 $13,230
2017 $1,131 $13,830 $2,760 $11,070
2016 $1,091 $10,370 $2,070 $8,300
2015 $1,014 $9,470 $1,890 $7,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6400102

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-08-093