NOT LISTED FOR SALE

Estimated Value: $486,000 - $699,000

-- Bed
2 Baths
1,236 Sq Ft
$460/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $370,000 $299 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,056/month

15 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas

About This Home

As of July 2019

GREAT NORTH PHOENIX FOUR PLEX. ALL UNITS ARE 2 BED, 1 BATHROOM APPROX 613 SQ. FT. DESIRABLE LOCATION. LARGE LOT. BLOCK CONSTRUCTION. EACH UNIT HAS SECURITY SCREEN DOORS, AND PRIVATE BACK PATIO WITH BLOCK WALLS. ADDITIONALLY, ALL 4 UNITS FACE AN INTERIOR COURTYARD. OUTSIDE PATIO LAUNDRY IN EACH UNIT. THIS COMPLEX IS CLOSE TO BUS ROUTES, EMPLOYMENT, SHOPPING AND MUCH MORE. A WONDERFUL ADDITION TO YOUR PORTFOLIO OR AS YOUR FIRST VENTURE INTO MULTI-UNIT INVESTING. DO NOT WALK PROPERTY OR TALK TO TENANTS. DRIVE-BY ONLY! INSPECTIONS WITH AN ACCEPTED OFFER.

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 05/21/2019

West USA Realty

Last Buyer's Agent

James Bain

HomeSmart License #SA541203000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $904

Year Built

  • Built in 1965

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Larkspur Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 411
  • Assessor Parcel Number 159-23-112

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irregular
  • Palo Verde Hills Subdivision

Building Details

  • Operating Expense $8,885
  • Gross Income $31,875
  • Net Operating Income $22,989

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$904

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK AND PEORIA
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1965
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: PALO VERDE HILLS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

Schools

  • Elementary School: Larkspur Elementary School
  • High School: Shadow Mountain High School
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 159-23-112

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31874.5
  • Insurance Expense: 1381.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 22989.0
  • Annual Operating Expense: 8885.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 904.0
  • Tax Book Number: 159.00
  • Tax Lot: 411

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2019
Sold by
Oneill Colin P and Oneill Lori A
Bought by
Double O Llc
Current Estimated Value
$568,713

Purchase Details

Listed on
May 21, 2019
Closed on
Jul 9, 2019
Sold by
Saguaro Properties Llc I
Bought by
Oneill Colin P and Oneill Lori A
Seller's Agent
Howard Rudin
West USA Realty
Buyer's Agent
James Bain
HomeSmart
List Price
$384,900
Sold Price
$370,000
Premium/Discount to List
-$14,900
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$277,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2015
Closed on
May 22, 2015
Sold by
Gillstrap John C and Gillstrap Daisy
Bought by
Saguaro Properties Llc I
Seller's Agent
Brian Keller
RE/MAX Fine Properties
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$189,000
Sold Price
$175,000
Premium/Discount to List
-$14,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.12%

Purchase Details

Listed on
Jan 6, 2015
Closed on
Mar 25, 2015
Sold by
Leas Scott A and Barrett Melanie R
Bought by
Gillstrap John C and Gillstrap Daisy
Seller's Agent
Brian Keller
RE/MAX Fine Properties
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$189,000
Sold Price
$175,000
Premium/Discount to List
-$14,000
-7.41%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Hutton Sarah
Bought by
Leas Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Leas Scott A and Barrett Melanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2009
Sold by
Ibrahimovic Ahmet and Ibrahimovic Enesa
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Sep 12, 2006
Sold by
Han Lawrence
Bought by
Ibrahimovic Ahmet and Ibrahimovic Enesa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
8.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 27, 2005
Sold by
Han Elizabeth
Bought by
Han Elizabeth and Elizabeth Han Revocable Trust

Purchase Details

Closed on
Apr 8, 2003
Sold by
Baird Donald E
Bought by
Han Elizabeth

Purchase Details

Closed on
Nov 6, 1998
Sold by
Baird Mitchie Amparo Munoz
Bought by
Baird Donald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,078
Interest Rate
6.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Double O Llc -- None Available
Oneill Colin P $370,000 Great American Title Agency
Saguaro Properties Llc I -- Accommodation
Gillstrap John C $175,000 Pioneer Title Agency Inc
Leas Scott A -- Lsi Title
Leas Scott A $105,000 Lsi Title
Deutsche Bank National Trust Company -- Great American Title Agency
Indymac Federal Bank Fsb $96,861 None Available
Ibrahimovic Ahmet $330,000 Capital Title Agency Inc
Han Elizabeth -- --
Han Elizabeth $169,000 Chicago Title Insurance Co
Baird Donald E -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oneill Colin P $277,500
Previous Owner Leas Scott A $67,500
Previous Owner Ibrahimovic Ahmet $264,000
Previous Owner Baird Donald E $58,078
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2019 07/12/19 Sold $370,000 -3.9% $299 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $384,900 +119.9% $311 / Sq Ft
03/31/2015 03/31/15 Sold $175,000 -7.4% $142 / Sq Ft View Prior Sale
03/20/2015 03/20/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $189,000 -- $153 / 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 $1,017 $9,954 -- --
2024 $970 $9,480 -- --
2023 $970 $38,280 $7,650 $30,630
2022 $960 $29,030 $5,800 $23,230
2021 $963 $24,420 $4,880 $19,540
2020 $933 $21,930 $4,380 $17,550
2019 $935 $17,680 $3,530 $14,150
2018 $904 $14,960 $2,990 $11,970
2017 $866 $11,650 $2,330 $9,320
2016 $852 $10,870 $2,170 $8,700
2015 $789 $9,310 $1,860 $7,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5928801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-23-112