NOT LISTED FOR SALE

Estimated Value: $516,473 - $724,000

-- Bed
-- Bath
1,242 Sq Ft
$516/Sq Ft Est. Value

Last Sold May 02, 2019

Last sale price $420,000 $338 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,561/month

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of May 2019

Phenominal ROI & 8.5 CAP rate investment property! Recently renovated interiors, new roof in 2014, newer HVAC units. Fully occupied property with solid tenants and solid leases. All rents are directly deposited in owners account on time monthly. Cash flow is set! All units are 2 bd/1 ba and are individually metered. Extra revenue from new laundry room on site. Secured building with gates, flood lights, & security camera. Close access to light rail & redevelopment make this a SOLID investment! Property is self managed and maintained with lots of care! Don't miss out on a AWESOME OPPORTUNITY! Access with accepted contract.

Last Agent to Sell the Property

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000 Listed on: 05/02/2019

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000 Listed on: 05/02/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 1984

Lot Details

  • 5,009

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 52
  • Assessor Parcel Number 158-33-046-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 4995
  • Foothill Acres Lots 33 48, 58 59 Subdivision

Building Details

  • Operating Expense $10,797
  • Gross Income $47,584
  • Net Operating Income $38,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$810

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Dunlap & 19th AVE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [M-H] MULTI-FAM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: FOOTHILL ACRES LOTS 33-48, 58-59
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2780.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 4995
  • Additional Parcels: No
  • Parcel #: 158-33-046-B

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1200.0
  • Annual Gross Income: 47583.6
  • Insurance Expense: 1393.0
  • Maintenance Expense: 2380.0
  • Property Net Operating Income: 38331.0
  • Annual Operating Expense: 10797.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 810.0
  • Tax Book Number: 158.00
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2020
Sold by
Johnson Peter C
Bought by
Johnson Peter C and Peter C Johnson Revocable Trus
Current Estimated Value
$641,118

Purchase Details

Listed on
May 2, 2019
Closed on
Apr 29, 2019
Sold by
A & S Rental Property Llc
Bought by
Johnson Peter C
Seller's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$449,950
Sold Price
$420,000
Premium/Discount to List
-$29,950
-6.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$315,000
Outstanding Balance
$277,518
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$363,600

Purchase Details

Listed on
Dec 8, 2017
Closed on
Jan 3, 2018
Sold by
Donelli David A
Bought by
A & S Rental Property Llc
Seller's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.16%

Purchase Details

Closed on
Jun 17, 2016
Sold by
1319 Llc
Bought by
Donelli David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2007
Sold by
Gardner John L and Gardner Diana J
Bought by
1319 Llc

Purchase Details

Closed on
Nov 9, 1999
Sold by
Castigliola Ralph and Castigliola Victor
Bought by
Gardner John L and Gardner Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.87%
Mortgage Type
New Conventional
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
Johnson Peter C -- None Available
Johnson Peter C $420,000 Wfg National Title Ins Co
A & S Rental Property Llc $275,000 Chicago Title Agency Inc
Donelli David A $182,000 Chicago Title Agency Inc
1319 Llc -- None Available
Gardner John L $72,500 Phoenix Title & Escrow Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Peter C $315,000
Previous Owner Donelli David $162,500
Previous Owner Donelli David A $157,000
Previous Owner Gardner John L $100,000
Previous Owner Gardner John L $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2019 05/02/19 Sold $420,000 -6.7% $338 / Sq Ft
05/02/2019 05/02/19 For Sale $449,950 +63.6% $362 / Sq Ft
01/09/2018 01/09/18 Sold $275,000 -3.5% $221 / Sq Ft
01/08/2018 01/08/18 Price Changed $285,000 0.0% $229 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
12/13/2017 12/13/17 Pending -- -- --
12/08/2017 12/08/17 For Sale $285,000 -- $229 / 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 $903 $7,385 -- --
2024 $887 $7,033 -- --
2023 $887 $35,830 $7,160 $28,670
2022 $858 $25,200 $5,040 $20,160
2021 $869 $20,880 $4,170 $16,710
2020 $847 $18,770 $3,750 $15,020
2019 $832 $15,820 $3,160 $12,660
2018 $810 $12,170 $2,430 $9,740
2017 $806 $11,460 $2,290 $9,170
2016 $791 $10,510 $2,100 $8,410
2015 $733 $8,880 $1,770 $7,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5920130

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-33-046B