NOT LISTED FOR SALE
-- Bed
12 Baths
768 Sq Ft
0.36 Acres

Last Sold November 09, 2018

Last sale price $1,030,000 $1,341 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Ceiling Fan
  • Shadow Mountain High School Rated A-
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of November 2018

There has been over $100k put into this property in the last year. New dual-pane windows, paint in/out, stucco pop outs, parking lot paving/striping, fences, fresh landscape, kitchen updates, bath vanities, toilets, flooring, baseboards, wall texture, outlet covers, interior drs, appliances, faucets, blinds, washer/dryers in laundry room.

Last Listed By

Brigitte Rapatz

Compass License #SA040480000 Listed on: 09/10/2018

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,194

Year Built

  • Built in 1981

Lot Details

  • 0.36

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 12
  • Assessor Parcel Number 166-11-034-A

Community Details

Overview

  • 8 Buildings
  • 12 Units
  • Building Dimensions are 31746
  • Sun And Sand Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $20,394
  • Gross Income $93,480
  • Net Operating Income $73,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,194

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Sweetwater (N of Cactus) & Cave Creek
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 8
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2017
  • Directions: North on Cavecreek from Cactus to 21st Pl (first street north of Sweetwater). West, follow the curve. Complex on east side.
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: Sun and Sand
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 4600.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 31746
  • Additional Parcels: Yes
  • Parcel #: 166-11-034-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 6400.0
  • Annual Gross Income: 93480.0
  • Insurance Expense: 3200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 73086.0
  • Annual Operating Expense: 20394.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2194.0
  • Tax Book Number: 166.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 1998
Sold by
Austin Funding Inc
Bought by
Sonoma Properties Llc
Total Days on Market
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 22, 1996
Sold by
The Industrial Development Authority Of
Bought by
Austin Funding Inc

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
Sonoma Properties Llc $220,000 North American Title Agency
Austin Funding Inc $147,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rgrb Properties Llc $920,000
Closed Buisker Clark D $250,000
Closed Sonoma Properties Llc $208,000
Closed Sonoma Properties Llc $175,000
Closed Sonoma Properties Llc $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2018 11/09/18 Sold $1,030,000 -1.9% $1,341 / Sq Ft
11/01/2018 11/01/18 For Sale $1,050,000 0.0% $1,367 / Sq Ft
11/01/2018 11/01/18 Price Changed $1,050,000 0.0% $1,367 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $1,050,000 -- $1,367 / 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 $247 $2,484 $2,484 --
2024 $242 $2,366 $2,366 --
2023 $242 $12,720 $12,720 $0
2022 $240 $7,670 $7,670 $0
2021 $240 $7,040 $7,040 $0
2020 $233 $6,220 $6,220 $0
2019 $233 $5,100 $5,100 $0
2018 $226 $4,680 $4,680 $0
2017 $216 $4,110 $4,110 $0
2016 $213 $3,560 $3,560 $0
2015 $197 $3,130 $3,130 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5819988

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-11-034A