NOT LISTED FOR SALE

1325 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $357,000 - $455,000

Studio
-- Bath
1,520 Sq Ft
$262/Sq Ft Est. Value

Sale Details

Date Sold: April 9, 2020

Last sale price $270,000 $178 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,275 / mo

7 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 2-minute walk to Norton Park
  • Sunnyslope High School Rated A
  • Heat Pump System

About This Home

As of April 2020

Two 2/1 units bringing in monthly rental income of $1,625. The property sits on a 9000 SQ FT. lot across from a neighborhood park with fantastic Mountain Views! Roof was replaced in 2016 and has a transferrable 5 year warranty. It's been well maintained and is easy to manage. There is alot of room for rental rate increase!

One of the tenants is going on six years and the other three years. The first lease is month to month. The second expires October 2020.

Drive by only. Tenants rights, please do not disturb. Interior showing with accepted contract only.

Last Agent to Sell the Property

Jared Rodham

My Home Group Real Estate License #SA660706000 Listed on: 03/04/2020

Co-Listed By

Molly Rodham

My Home Group Real Estate License #SA657835000

Last Buyer's Agent

Emir Lopez

Lake Pleasant Real Estate License #SA668385000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,337

Year Built

  • Built in 1952

Lot Details

  • 9,017

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Tax Lot 43
  • Assessor Parcel Number 159-34-043-D

Community Details

Overview

  • 2 Units
  • Building Dimensions are 75x120
  • Hillier Hts Subdivision

Building Details

  • Operating Expense $4,129
  • Gross Income $18,915
  • Net Operating Income $17,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,337

Year Built

Built in 1952

Lot Details

9,017 Sq Ft Lot

Listing Details

  • Cross Street: E. Hatcher Rd & N 13th Place
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Co List Office Mls Id: myhg02
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: HILLIER HTS
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1400.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 75x120
  • Additional Parcels: No
  • Parcel #: 159-34-043-D

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 18915.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 17308.0
  • Annual Operating Expense: 4128.6
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1336.6
  • Tax Book Number: 159.00
  • Tax Lot: 43

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Bought by
Current Estimated Value
$398,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Outstanding Balance
$245,707
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$152,692

Purchase Details

Closed on
Mar 18, 2021
Sold by
Bought by

Purchase Details

Listed on
Mar 4, 2020
Closed on
Mar 31, 2020
Sold by
Bought by
Seller's Agent
Jared Rodham
My Home Group Real Estate
Buyer's Agent
Emir Lopez
Lake Pleasant Real Estate
List Price
$250,000
Sold Price
$270,000
Premium/Discount to List
$20,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$202,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2018
Closed on
Dec 17, 2018
Sold by
Bought by
Seller's Agent
Stacie Whitfield
Flat List RE
Buyer's Agent
Jared Rodham
The Ave Collective
List Price
$205,000
Sold Price
$202,500
Premium/Discount to List
-$2,500
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.20%
Original Mortgage
$132,500
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Empire West Title
-- None Listed On Document
$270,000 Stewart Ttl & Tr Of Phoenix
$202,500 North American Title Company
-- None Available
$64,000 Sterling Title Agency Llc
-- Sterling Title Agency Llc
$330,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $269,500
Previous Owner $202,500
Previous Owner $132,500
Previous Owner $48,000
Previous Owner $25,000
Closed $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2020 04/09/20 Sold $270,000 0.0% $178 / Sq Ft
03/08/2020 03/08/20 Price Changed $270,000 +8.0% $178 / Sq Ft
02/29/2020 02/29/20 For Sale $250,000 +23.5% $164 / Sq Ft
12/28/2018 12/28/18 Sold $202,500 -1.2% $133 / Sq Ft View Prior Sale
12/08/2018 12/08/18 Price Changed $205,000 0.0% $135 / Sq Ft
12/07/2018 12/07/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $205,000 0.0% $135 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
10/24/2018 10/24/18 For Sale $205,000 -- $135 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,508 $11,868 -- --
2024 $1,425 $11,303 -- --
2023 $1,425 $27,020 $5,400 $21,620
2022 $1,379 $19,130 $3,820 $15,310
2021 $1,396 $16,500 $3,300 $13,200
2020 $1,362 $14,350 $2,870 $11,480
2019 $1,337 $12,300 $2,460 $9,840
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jared Rodham

    My Home Group

  • M

    Seller Co-Listing Agent in 2020

    Molly Rodham

    My Home Group

  • Emir Lopez

    Buyer's Agent in 2020

    Emir Lopez

    Lake Pleasant Real Estate

    (623) 399-9949

    137 Total Sales

    Emir Lopez
    Section Image

  • S

    Seller's Agent in 2018

    Stacie Whitfield

    Flat List RE

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6043808

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-34-043D

Arizona Maricopa County Phoenix 85020 North Central

1325 E Hatcher Rd, Phoenix, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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