NOT LISTED FOR SALE
-- Bed
-- Bath
2,600 Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: April 8, 2016

Last sale price $720,000 $277 Per Sq Ft

23 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of April 2016

GREAT LOCATION ,PRIDE OF OWNERSIHIP! EIGHT 2BEDROOM 1 BATH UNITS AND FOUR 1BEDROOM 1BATH UNITS IN 3 BUILDINGS ON ONE LOT, ADDRESSES ARE 1336 , 1342 AND 1346 E. WILLETTA STREET. NEAR GOOD SAM HOSPITAL . NEW BUILDINGS BEING BUILT EVERYWHERE. NEW UPSCALE 4PLEX ALMOST FINISHED ACROSS THE STREET, A NEW LARGE COMPLEX ON 14TH ST. SOLID BLOCK CONSTRUCTION, COVERED PARKING, COIN OPP. LAUNDRY BRINGS IN $400 PER MONTH. ALL UNITS ARE SEPARATELY METERED, HOWEVER; 7 OF THE 12 UNITS THEIR RENT INCLUDES ELECTRIC AND GAS. ALSO, PROPERTY IS SELF MANAGED . INTERIOR INSPECTION ONLY WITH ACCEPTED CONTRACT AND ESCROW HAS BEEN OPENED. BUYER TO VERIFY ALL FACTS AND FIGURES DURING INSPECTION PERIOD. ONLY CASH OR HARD MONEY LOAN

Last Agent to Sell the Property

Robert Passariello

Realty Executives Arizona Territory License #SA538257000 Listed on: 02/13/2016

Realty Executives Arizona Territory

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1955

Lot Details

  • 0.52

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 12 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Wall Furnace
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 116-22-062-A

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 22500 SF

Building Details

  • Operating Expense $29,833
  • Gross Income $88,788
  • Net Operating Income $57,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,343

Year Built

Built in 1955

Lot Details

0.52 Acres

Listing Details

  • Cross Street: 16TH STREET & MCDOWELL RD
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 3
  • Year Built: 1955
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Evaporative Cooling
  • Heating: Individual, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Fuel Expense: 2766.0
  • Annual Water Sewer Expense: 11280.0

Lot Info

  • Lot Size: 22500 SF
  • Additional Parcels: No
  • Parcel #: 116-22-062-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Electric Expense: 6360.0
  • Annual Gross Income: 88788.0
  • Insurance Expense: 3734.0
  • Maintenance Expense: 2350.0
  • Property Net Operating Income: 57624.0
  • Annual Operating Expense: 29833.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 3343.0
  • Tax Book Number: 116.00
  • Tax Lot: 15

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
Oct 14, 2025
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2021
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
$1,621,000
Interest Rate
0.029%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 13, 2016
Closed on
Apr 5, 2016
Sold by
Bought by
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$729,000
Sold Price
$720,000
Premium/Discount to List
-$9,000
-1.23%

Purchase Details

Closed on
Dec 16, 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
$427,000
Interest Rate
0.0631%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 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
$427,000
Interest Rate
0.0631%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2004
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
$295,000
Interest Rate
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2000
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
$213,750
Interest Rate
0.0867%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 1996
Sold by
Bought by
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
$2,900,000 None Listed On Document
$2,315,000 Chicago Title Agency Inc
$720,000 Security Title Agency Inc
-- Transnation Title
$725,000 Transnation Title
$590,000 Equity Title Agency Inc
-- --
$160,000 Chicago Title Insurance 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
Closed $1,621,000
Previous Owner $427,000
Previous Owner $295,000
Previous Owner $213,750
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
04/08/2016 04/08/16 Sold $720,000 -1.2% $277 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $729,000 -- $280 / 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 $4,299 $30,260
2024 $4,007 $28,819
2023 $4,007 $141,530 $28,300 $113,230
2022 $3,865 $97,900 $19,580 $78,320
2021 $3,836 $82,430 $16,480 $65,950
2020 $3,880 $75,820 $15,160 $60,660
2019 $3,874 $54,980 $10,990 $43,990
2018 $3,808 $40,150 $8,030 $32,120
2017 $3,719 $37,080 $7,410 $29,670
2016 $3,613 $31,320 $6,260 $25,060
2015 $3,343 $30,210 $6,040 $24,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5398247

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-22-062A

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