NOT LISTED FOR SALE

1338 E Cinnabar Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $373,069 - $540,000

2 Beds
2 Baths
1,450 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $196,500 $136 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,424/month

85 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 1-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of November 2018

Great income producing duplex on an oversized lot. Both tenants have a yard and outdoor storage. This remodeled Duplex features large units. This property generates total rents of $16,260. Expenses are $2,805 for the year and the net operating income is $13,455 per year. The duplex has always been tenanted and the seller has never had an issue getting the units rented.

Last Agent to Sell the Property

Sanjog Gopal

eXp Realty License #BR574137000 Listed on: 07/27/2018

eXp Realty

Last Buyer's Agent

Kevin Downey

Coldwell Banker Realty License #SA656979000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $627

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 159-30-023

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60x150
  • Mountain Home Tr Lots 1 4,15,16,25 32,34,36 40 Subdivision

Building Details

  • Operating Expense $2,805
  • Net Operating Income $13,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$627

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Cave Creek and Mountain View
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2017
  • Directions: North to Cinnabar, East to property on your left.
  • Road Surface Type: Asphalt
  • Subdivision Name: MOUNTAIN HOME TR LOTS 1-4,15,16,25-32,34,36-40
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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 Features >1 Space Per Unit: 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: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 60x150
  • Additional Parcels: No
  • Parcel #: 159-30-023

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 2
  • Insurance Expense: 618.0
  • Property Net Operating Income: 13455.0
  • Annual Operating Expense: 2805.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 627.0
  • Tax Book Number: 159.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Nov 26, 2018
Sold by
Ramirez Michael
Bought by
Lee Mcdonough Ryan and Lee Mcdonough Paola
Seller's Agent
Sanjog Gopal
eXp Realty
Buyer's Agent
Kevin Downey
Coldwell Banker Realty
List Price
$210,000
Sold Price
$196,500
Premium/Discount to List
-$13,500
-6.43%
Current Estimated Value
$434,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,517
Avg. Annual Appreciation
12.36%
Original Mortgage
$147,375
Outstanding Balance
$130,093
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$301,024

Purchase Details

Listed on
Jan 3, 2014
Closed on
Jun 9, 2014
Sold by
Kalaj Management Llc
Bought by
Ramirez Michael
Seller's Agent
Alex Kalaj
HomeSmart
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$135,000
Sold Price
$109,000
Premium/Discount to List
-$26,000
-19.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%

Purchase Details

Closed on
Dec 14, 2010
Sold by
Gmac Mortgage Llc
Bought by
Kalaj Management Llc

Purchase Details

Closed on
Nov 30, 2010
Sold by
Holland James and Holland Paulette
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Oct 6, 2005
Sold by
Holland James and Holland Paulette
Bought by
Holland James and Holland Paulette

Purchase Details

Closed on
Mar 13, 2002
Sold by
Mosiak Oksana Kotula
Bought by
Holland James and Holland Paulette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Source: Public Records

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
Lee Mcdonough Ryan $196,500 Equity Title Agency Inc
Ramirez Michael $109,000 Driggs Title Agency Inc
Kalaj Management Llc $23,600 Fidelity National Title
Gmac Mortgage Llc $41,600 Accommodation
Holland James -- --
Holland James $80,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Mcdonough Ryan $147,375
Previous Owner Holland James $128,800
Previous Owner Holland James $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $196,500 -1.3% $136 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
09/29/2018 09/29/18 Price Changed $199,000 -2.7% $137 / Sq Ft
09/21/2018 09/21/18 Price Changed $204,500 -1.4% $141 / Sq Ft
09/07/2018 09/07/18 Price Changed $207,500 -0.7% $143 / Sq Ft
08/31/2018 08/31/18 Price Changed $209,000 -0.5% $144 / Sq Ft
07/27/2018 07/27/18 For Sale $210,000 +92.7% $145 / Sq Ft
06/13/2014 06/13/14 Sold $109,000 -19.3% $75 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $135,000 -- $93 / 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 $703 $5,747 -- --
2024 $690 $5,473 -- --
2023 $690 $26,770 $5,350 $21,420
2022 $668 $18,850 $3,770 $15,080
2021 $676 $16,210 $3,240 $12,970
2020 $659 $14,430 $2,880 $11,550
2019 $647 $12,430 $2,480 $9,950
2018 $630 $10,500 $2,100 $8,400
2017 $627 $9,680 $1,930 $7,750
2016 $616 $8,780 $1,750 $7,030
2015 $570 $8,030 $1,600 $6,430
Source: Public Records

Agents Affiliated with this Home

  • Sanjog Gopal

    Seller's Agent in 2018

    Sanjog Gopal

    eXp Realty

    (602) 770-6574

    3 in this area

    169 Total Sales

    Sanjog Gopal
    Section Image
  • Kevin Downey

    Buyer's Agent in 2018

    Kevin Downey

    Coldwell Banker Realty

    (602) 687-2485

    29 Total Sales

    Kevin Downey
    Section Image

  • A

    Seller's Agent in 2014

    Alex Kalaj

    HomeSmart

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5798924

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-30-023

Arizona Maricopa County Phoenix 85020 North Central

1338 E Cinnabar Ave, Phoenix, AZ

This home is located at 1338 E Cinnabar Ave, Phoenix, AZ 85020 since 27 July 2018 and is currently estimated at $434,017, approximately $299 per square foot. This property was built in 1980. 1338 E Cinnabar Ave is a home located in Maricopa County with nearby schools including Sunnyslope Elementary School, Sunnyslope High School, and Montessori Day Public Schools Chartered - Mountainside.

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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