NOT LISTED FOR SALE

Estimated Value: $481,000 - $608,397

-- Bed
-- Bath
1,060 Sq Ft
$487/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $455,000 $429 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,969/month

3 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of January 2024

Fourplex with 2 buildings for sale. 3 units currently occupied with $3,400 in combined rent. Each of the 3 occupied units are 2 bedrooms and 1 bath. Unit 4 is vacant with 1 bedroom and 1 bathroom. This property is 1.3 miles from the Phoenix Children's Museum, ASU, Arizona Science Center, and much more! Do Not Disturb tenants.

Last Agent to Sell the Property

Beth Rider

Keller Williams Arizona Realty License #SA117774000 Listed on: 11/03/2023

Keller Williams Arizona Realty

Last Buyer's Agent

Beth Rider

Keller Williams Arizona Realty License #SA117774000 Listed on: 11/03/2023

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,131

Year Built

  • Built in 1948

Lot Details

  • 6,882

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 22
  • Assessor Parcel Number 116-24-168

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6,875 sqft
  • Yaggy Tract Subdivision

Building Details

  • Operating Expense $1,131
  • Gross Income $36,900
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,131

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 16TH STREET AND FILLMORE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2023
  • Directions: Head W on Fillmore from 16th St
  • Road Surface Type: Asphalt
  • Subdivision Name: YAGGY TRACT
  • Roofing:Composition: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: None
  • 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

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6,875 sqft
  • Additional Parcels: No
  • Parcel #: 116-24-168

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 36900.0
  • Property Net Operating Income: 30000.0
  • Annual Operating Expense: 1131.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 1131.0
  • Tax Book Number: 116.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Galle Fort Capital Ii Llc
Bought by
1338 E Fillmore Street Llc
Current Estimated Value
$515,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,000
Outstanding Balance
$272,846
Interest Rate
9.5%
Mortgage Type
New Conventional
Estimated Equity
$211,890

Purchase Details

Listed on
Nov 3, 2023
Closed on
Jan 2, 2024
Sold by
Lemus Araceli
Bought by
Galle Fort Capital Ii Llc
Seller's Agent
Beth Rider
Keller Williams Arizona Realty
Buyer's Agent
Beth Rider
Keller Williams Arizona Realty
List Price
$375,000
Sold Price
$455,000
Premium/Discount to List
$80,000
21.33%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$250,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2021
Sold by
Lemus Roberto
Bought by
Lemus Roberto and Lemus Araceli

Purchase Details

Closed on
Mar 18, 2021
Sold by
Lemus Roberto
Bought by
Lemus Araceli

Purchase Details

Closed on
Mar 14, 2000
Sold by
Ruelas Augustin G and Ruelas Martha Y
Bought by
Lemus Roberto and Lemus Maria

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
8.22%
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
1338 E Fillmore Street Llc -- Pioneer Title Agency
Galle Fort Capital Ii Llc $455,000 Partners Title Company
Lemus Roberto -- None Listed On Document
Lemus Araceli -- None Available
Lemus Roberto -- None Available
Lemus Roberto $90,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1338 E Fillmore Street Llc $527,000
Previous Owner Galle Fort Capital Ii Llc $250,000
Previous Owner Lemus Roberto $74,082
Previous Owner Lemus Roberto $19,785
Previous Owner Lemus Roberto $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $455,000 +21.3% $429 / Sq Ft
11/03/2023 11/03/23 For Sale $375,000 -- $354 / 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 $1,142 $8,539 -- --
2024 $1,131 $8,132 -- --
2023 $1,131 $42,880 $8,570 $34,310
2022 $1,091 $28,260 $5,650 $22,610
2021 $1,082 $23,000 $4,600 $18,400
2020 $1,095 $19,420 $3,880 $15,540
2019 $1,093 $16,180 $3,230 $12,950
2018 $1,074 $13,580 $2,710 $10,870
2017 $1,049 $12,460 $2,490 $9,970
2016 $1,019 $9,020 $1,800 $7,220
2015 $943 $7,750 $1,550 $6,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6626435

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-24-168