NOT LISTED FOR SALE

Estimated Value: $647,000 - $655,000

2 Beds
-- Bath
2,142 Sq Ft
$304/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $600,000 $280 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,737/month

85 Days on Market

Highlights

  • Community Playground
  • Stone Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of November 2022

WOW What a rare find in the heart of Phoenix! Such a fantastic opportunity for all investors, Incredible chance to own the Cattywampus, edging on the trendy Melrose District. Unit mix includes two, two bedroom, one bathroom units, and one, one bedroom, one bath unit. Units are individually metered for electric. Tenants use complimentary common laundry, but new owner can convert to coin-op. Super cool retro style bathrooms with subway tile walls. Ceiling fans in living rooms and bedrooms, vintage design in bathrooms and kitchens.
One of the few to be newly updated but still maintains its beautiful charm for this super HOT area! Fresh exterior paint, new A/C unit.
Interior access to all units upon accepted contract.

Last Agent to Sell the Property

Robert Tolnai

Best Homes Real Estate License #SA529823000 Listed on: 07/06/2022

Best Homes Real Estate

Last Buyer's Agent

Juan Hernandez Borja

eXp Realty License #SA678137000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,260

Year Built

  • Built in 1946

Lot Details

  • 7,797

Home Design

  • Built-Up Roof

Flooring

  • Stone
  • Concrete

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Clarendon Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 110-14-005

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7809
  • Clarendon Square Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $1,260
  • Gross Income $32,148
  • Net Operating Income $21,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,260

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Clarendon Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1946
  • Tax Year: 2021
  • Directions: From Indian School. Turn south onto 15th Ave to W. Clarendon. Turn east onto W. Clarendon.
  • Road Surface Type: Dedicated Street
  • Subdivision Name: CLARENDON SQUARE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Stone, Concrete
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Other, See Remarks
  • Roof: Built-Up
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Play Area

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Clarendon School
  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 7809
  • Additional Parcels: No
  • Parcel #: 110-14-005

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 32148.0
  • Property Net Operating Income: 21850.0
  • Annual Operating Expense: 1260.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1260.0
  • Tax Block: 1
  • Tax Book Number: 110.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2024
Sold by
Gulu Sky Llc
Bought by
Mukamurenzi Annet
Current Estimated Value
$657,125

Purchase Details

Listed on
Jul 6, 2022
Closed on
Nov 23, 2022
Sold by
Drake James Edmund and Drake Emily Bjorklund
Bought by
Claude Amani and Mukamurenzi Annet
Seller's Agent
Robert Tolnai
Best Homes Real Estate
Buyer's Agent
Juan Hernandez Borja
eXp Realty
List Price
$645,000
Sold Price
$600,000
Premium/Discount to List
-$45,000
-6.98%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%
Original Mortgage
$325,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2017
Closed on
Jul 10, 2017
Sold by
Hot Hot Hot Llc
Bought by
Drake James E and Drake Emily B
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Michael Cove
Libertas Real Estate
List Price
$275,000
Sold Price
$284,000
Premium/Discount to List
$9,000
3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.16%
Original Mortgage
$213,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2014
Sold by
Hot Town Llc
Bought by
Hot Hot Hot Town Llc

Purchase Details

Closed on
May 12, 2009
Sold by
Aurora Loan Services Llc
Bought by
Hot Town Llc

Purchase Details

Closed on
Nov 6, 2008
Sold by
Cuevas Fernando
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Mar 15, 2007
Sold by
Rico Luz O and Viniegra Fermin C
Bought by
Cuevas Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
8.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2004
Sold by
Rico Luz O
Bought by
Rico Luz O and Viniegra Fermin C

Purchase Details

Closed on
Sep 27, 2004
Sold by
Perez Diana and Perez Sergio
Bought by
Rico Luz O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,930
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2003
Sold by
Perez Diana
Bought by
Perez Sergio and Perez Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 18, 1998
Sold by
Ramos Angel
Bought by
Montante Mizraim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
11.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 1995
Sold by
Fletcher Edward C and Fletcher Betty Jo
Bought by
Fletcher Edward C and Fletcher Betty Jo
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mukamurenzi Annet -- Driggs Title Agency
Claude Amani $600,000 Roc Title
Drake James E $284,000 Fidelity National Title Agen
Hot Hot Hot Town Llc -- Accommodation
Hot Town Llc $61,500 First American Title Ins Co
Aurora Loan Services Llc $253,440 Accommodation
Cuevas Fernando $264,000 Guaranty Title Agency
Rico Luz O -- Grand Canyon Title Agency In
Rico Luz O $159,900 Grand Canyon Title Agency In
Perez Sergio -- Fidelity National Title
Montante Mizraim $62,000 Stewart Title & Trust
Fletcher Edward C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gulu Sky Llc $450,000
Previous Owner Claude Amani $325,000
Previous Owner Drake James E $213,000
Previous Owner Cuevas Fernando $264,000
Previous Owner Rico Luz O $111,930
Previous Owner Perez Bergio $112,000
Previous Owner Montante Mizraim $46,500
Closed Rico Luz O $39,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $600,000 -7.0% $280 / Sq Ft
11/10/2022 11/10/22 For Sale $645,000 0.0% $301 / Sq Ft
11/10/2022 11/10/22 Price Changed $645,000 0.0% $301 / Sq Ft
10/12/2022 10/12/22 For Sale $645,000 0.0% $301 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
08/02/2022 08/02/22 Price Changed $645,000 -7.2% $301 / Sq Ft
07/05/2022 07/05/22 For Sale $695,000 +144.7% $324 / Sq Ft
08/01/2017 08/01/17 Sold $284,000 +3.3% $133 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $275,000 -- $128 / 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 $1,290 $10,279 -- --
2024 $1,246 $9,790 -- --
2023 $1,246 $42,170 $8,430 $33,740
2022 $1,239 $29,170 $5,830 $23,340
2021 $1,260 $25,680 $5,130 $20,550
2020 $1,228 $21,330 $4,260 $17,070
2019 $1,175 $18,220 $3,640 $14,580
2018 $1,136 $14,130 $2,820 $11,310
2017 $1,043 $12,920 $2,580 $10,340
2016 $1,006 $11,150 $2,230 $8,920
2015 $935 $9,850 $1,970 $7,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6429418

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-14-005