NOT LISTED FOR SALE

Estimated Value: $769,659

-- Bed
-- Bath
2,608 Sq Ft
$295/Sq Ft Est. Value

Last Sold October 03, 2014

Last sale price $255,000 $98 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $4,447/month

11 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of October 2014

One of two fourplex for sale. Both are situated side by side and consist of 2 one bedroom and 2 two bedroom. Both are 100% occupied.
Seller prefers to sell them together . Each is $265k/ together $530K. Are identical.
Clean, well maintained solid investment.

Last Listed By

Victoria Miachika

REI Marketing License #BR639322000 Listed on: 08/14/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,499

Year Built

  • Built in 1981

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 10 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 124-28-044

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,000
  • Griffith Estates Subdivision

Building Details

  • Operating Expense $1,499
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,499

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 3rd and Priest Drive in Tempe
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2012
  • Directions: Off of 202 on Priest drive heading south then left onto 3rd street. First set out of townhomes on right.
  • Road Surface Type: Asphalt
  • Subdivision Name: Griffith Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: 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

Lot Info

  • Lot Size: 9,000
  • Additional Parcels: Yes
  • Parcel #: 124-28-044

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Property Net Operating Income: 18000.0
  • Annual Operating Expense: 1499.0

Tax Info

  • Tax Annual Amount: 1499.0
  • Tax Book Number: 124.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2019
Sold by
Mettille Erin
Bought by
Mettille Shane and Mettille Erin
Total Days on Market
11
Current Estimated Value
$769,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2014
Closed on
Oct 2, 2014
Sold by
Mettille Shane
Bought by
Mettille Erin
Seller's Agent
Victoria Miachika
REI Marketing
Buyer's Agent
Terra Morales
Realty ONE Group
List Price
$265,000
Sold Price
$255,000
Premium/Discount to List
-$10,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%
Original Mortgage
$191,250
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2013
Sold by
Michael J Johnson Beneficiary Ira Llc
Bought by
Ahf American Himes Fund Usa Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2012
Sold by
Torkelson Joanne
Bought by
Michael J Johnson Beneficiary Ira Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Goodrich Muriel J
Bought by
Torkelson Joanne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 2004
Sold by
Boyd Laverne C
Bought by
Torkelson Joanne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 2004
Sold by
Boyd Laverne C
Bought by
Boyd Laverne C and The L C Boyd Family Trust

Purchase Details

Closed on
Dec 4, 2003
Sold by
Boyd Laverne C
Bought by
Boyd Laverne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1999
Sold by
Boyd Laverne C
Bought by
L C Boyd Family Trust

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
Mettille Shane -- Driggs Title Agency Inc
Mettille Erin -- Driggs Title Agency Inc
Mettile Erin $255,000 Driggs Title Agency Inc
Ahf American Himes Fund Usa Lp $194,670 Fidelity National Title Agen
Michael J Johnson Beneficiary Ira Llc $160,000 Fidelity National Title Agen
Torkelson Joanne I $230,000 Master Title Agency Inc
Torkelson Joanne I $260,000 Master Title Agency Inc
Boyd Laverne C -- --
Boyd Laverne C -- Capital Title
L C Boyd Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiernan Eric $320,336
Closed Mettille Shane $400,000
Closed Mettille Shane $270,000
Closed Mettille Erin $191,250
Closed Mettille Erin $191,250
Previous Owner Ahf American Himes Fund Usa Lp $150,000
Previous Owner O W L Real Estate & Investments Llc $157,563
Previous Owner Torkelson Joanne I $150,000
Previous Owner Torkelson Joanne I $130,000
Previous Owner Boyd Laverne C $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2014 10/03/14 Sold $255,000 -3.8% $98 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $265,000 -- $102 / 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 $2,158 $19,267 -- --
2024 $2,132 $18,350 -- --
2023 $2,132 $50,150 $10,030 $40,120
2022 $2,045 $41,730 $8,340 $33,390
2021 $2,059 $37,450 $7,490 $29,960
2020 $1,997 $34,130 $6,820 $27,310
2019 $1,959 $25,600 $5,120 $20,480
2018 $1,910 $23,400 $4,680 $18,720
2017 $1,854 $20,060 $4,010 $16,050
2016 $1,841 $17,280 $3,450 $13,830
2015 $1,768 $17,160 $3,430 $13,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5158181

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-044