NOT LISTED FOR SALE

Estimated Value: $422,000 - $508,000

4 Beds
-- Bath
1,764 Sq Ft
$259/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $450,000 $255 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,454/month

29 Days on Market

About This Home

As of May 2022

One unit is completely renovated and shows like new. Second unit rented month to month. Great location easy access to Route 51. 450 sf storage building on property. Cross roads are Cave Creek Road and E.Peoria Ave. Fantastic opportunity for the investor...
Both Apartments have private backyards enclosed. Each unit has their own utility laundry room washer and dryer gas or electric hookup. Newer hot water heaters. Property is located one block east of Pointe Tapatio luxury development..

Last Agent to Sell the Property

Jon Sherwood

Crossroads Brokerage License #BR101681000 Listed on: 03/09/2022

Last Buyer's Agent

Juan Ramirez

HomeSmart License #SA582207000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $739

Year Built

  • Built in 1964

Lot Details

  • 5,968

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • Tax Lot 481
  • Assessor Parcel Number 159-23-182

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRREGULAR
  • Palo Verde Hills Subdivision

Building Details

  • Operating Expense $739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$739

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 12th St and Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: PALO VERDE HILLS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Other (See Remarks)24: Yes

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
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Sunnyslope Elementary School

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 159-23-182

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 739.0

Tax Info

  • Tax Annual Amount: 739.0
  • Tax Book Number: 159.00
  • Tax Lot: 481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Apr 15, 2022
Sold by
White Family Trust and White Roy
Bought by
Segura Enrique
Seller's Agent
Jon Sherwood
Crossroads Brokerage
Buyer's Agent
Juan Ramirez
HomeSmart
List Price
$473,000
Sold Price
$450,000
Premium/Discount to List
-$23,000
-4.86%
Current Estimated Value
$457,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,298
Avg. Annual Appreciation
0.44%
Original Mortgage
$337,500
Outstanding Balance
$318,544
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$138,754

Purchase Details

Closed on
May 21, 2019
Sold by
White Roy
Bought by
The White Family Trust

Purchase Details

Closed on
Apr 18, 2013
Sold by
White Mara
Bought by
White Roy

Purchase Details

Closed on
May 12, 2011
Sold by
White Merri
Bought by
White Roy

Purchase Details

Closed on
Apr 8, 2011
Sold by
Reyes Alberto and De Reyes Manuela I Delgado
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 21, 2005
Sold by
Reyes Alberto and Reyes Manuela Delgado
Bought by
Reyes Alberto and Reyes Manuela Delgado

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
6.36%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 1995
Sold by
Anderson Michael C
Bought by
Reyes Alberto Vergara and Delgado Manuela Isela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,836
Interest Rate
7.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Segura Enrique $450,000 None Listed On Document
The White Family Trust -- None Available
White Roy -- None Available
White Roy -- Lawyers Title Of Arizona Inc
White Roy $53,000 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $168,503 Great American Title Agency
Reyes Alberto -- First American Title Ins Co
Reyes Alberto Vergara $75,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Segura Enrique $337,500
Previous Owner Reyes Alberto $121,000
Previous Owner Reyes Alberto Vergara $69,836
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2022 05/18/22 Sold $450,000 -2.0% $255 / Sq Ft
05/13/2022 05/13/22 Price Changed $459,000 0.0% $260 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/25/2022 03/25/22 Price Changed $459,000 -3.0% $260 / Sq Ft
03/08/2022 03/08/22 For Sale $473,000 -- $268 / 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 $780 $7,637 -- --
2024 $744 $7,273 -- --
2023 $744 $28,780 $5,750 $23,030
2022 $737 $21,700 $4,340 $17,360
2021 $739 $18,180 $3,630 $14,550
2020 $716 $16,350 $3,270 $13,080
2019 $717 $13,580 $2,710 $10,870
2018 $693 $11,530 $2,300 $9,230
2017 $665 $9,150 $1,830 $7,320
2016 $654 $8,330 $1,660 $6,670
2015 $605 $7,000 $1,400 $5,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6365770

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-23-182