NOT LISTED FOR SALE

Estimated Value: $295,261 - $421,000

Studio
-- Bath
972 Sq Ft
$368/Sq Ft Est. Value

Last Sold August 19, 2013

Last sale price $63,000 $65 Per Sq Ft

Est. 468% increase in value since last sale

Current estimated payment $1,917/month

2 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Magnet Traditional School Rated 9+
  • Window Unit Heating System

About This Home

As of August 2013

Fantastic income producing property. 12% cap rate! Lot is zoned Multi-Family and has ample room to build additional buildings in the front. Utility hookups of water and electric supposedly are in the front of the lot to build. (Must verify with Phoenix Zoning Ordinances and history). Top unit rents for $400 a month and the bottom unit rents for $450 a month. Owner is responsible for paying water, trash, and sewer and tenants pay APS electric. Both units are remodeled with new tile floors, new paint, new remodeled bathrooms, new exterior paint, upgrades to electrical and plumbing and much more. Downstairs has washer dryer hookups! Location is ideal and close to everything. Located in the coveted Woodland Historic Neighborhood. Owner holds an Arizona Real Estate License.

Last Agent to Sell the Property

Daniel Shreeve

Arizona Platinum Properties LLC License #BR572199000 Listed on: 08/01/2013

Last Buyer's Agent

Kimberly Roberts

Sound Realty License #SA648098000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $606

Year Built

  • Built in 1916

Lot Details

  • 6,011

Home Design

  • Composition Roof
  • Stucco

Schools

  • Constitution Elementary School
  • Lowell Elementary School - Mesa Middle School
  • Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 112-03-036

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0

Building Details

  • Operating Expense $2,430
  • Net Operating Income $8,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$606

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & Van Buren St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1916
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Other, See Remarks
  • Roof: See Remarks, Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Constitution Elementary School
  • High School: Central High School
  • Middle Or Junior School: Lowell Elementary School - Mesa

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 112-03-036

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 2
  • Insurance Expense: 424.0
  • Maintenance Expense: 200.0
  • Property Net Operating Income: 8276.0
  • Annual Operating Expense: 2430.0

Tax Info

  • Tax Annual Amount: 606.0
  • Tax Book Number: 112.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2019
Sold by
132 N Llc
Bought by
Ems Properties Llc
Current Estimated Value
$358,065

Purchase Details

Closed on
Dec 21, 2018
Sold by
Carpenter Amy
Bought by
Underhill Michael J

Purchase Details

Closed on
Aug 25, 2015
Sold by
Cherrypick Investments Llc
Bought by
Carpenter Amy

Purchase Details

Listed on
Aug 1, 2013
Closed on
Aug 15, 2013
Sold by
Empire Capital Llc
Bought by
Cherrypick Investments Llc
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
Kimberly Roberts
Sound Realty
List Price
$69,500
Sold Price
$63,000
Premium/Discount to List
-$6,500
-9.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.99%
Original Mortgage
$50,400
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 1, 2013
Closed on
Jul 9, 2013
Sold by
Le De Ogden T
Bought by
Empire Capital Llc
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
Kimberly Roberts
Sound Realty
List Price
$69,500
Sold Price
$63,000
Premium/Discount to List
-$6,500
-9.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1996
Sold by
Lede Ogden T and Lede Marla J
Bought by
Lede Ogden T and Lede Marla J
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
Ems Properties Llc $140,000 First American Title Ins Co
Underhill Michael J $77,500 Great American Title Agency
Carpenter Amy $77,000 North American Title Company
Cherrypick Investments Llc $63,000 Fidelity National Title Agen
Empire Capital Llc $22,000 None Available
Lede Ogden T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cherrypick Investments Llc $50,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2013 08/19/13 Sold $63,000 -9.4% $65 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
07/31/2013 07/31/13 For Sale $69,500 +215.9% $72 / Sq Ft
07/12/2013 07/12/13 Sold $22,000 0.0% $23 / Sq Ft View Prior Sale
07/01/2013 07/01/13 Pending -- -- --
06/27/2013 06/27/13 Off Market $22,000 -- --
06/10/2013 06/10/13 Pending -- -- --
06/05/2013 06/05/13 Price Changed $34,900 -0.3% $36 / Sq Ft
05/26/2013 05/26/13 For Sale $35,000 -- $36 / 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 $697 $4,909 -- --
2024 $650 $4,675 -- --
2023 $650 $23,280 $4,650 $18,630
2022 $627 $18,930 $3,780 $15,150
2021 $622 $18,100 $3,620 $14,480
2020 $629 $16,580 $3,310 $13,270
2019 $628 $14,070 $2,810 $11,260
2018 $618 $10,430 $2,080 $8,350
2017 $603 $9,320 $1,860 $7,460
2016 $586 $7,430 $1,480 $5,950
2015 $542 $3,560 $710 $2,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4975916

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-03-036