NOT LISTED FOR SALE

Estimated Value: $443,000 - $511,000

Studio
-- Bath
1,792 Sq Ft
$266/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $385,000 $215 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,584/month

14 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 5-minute walk to Norton Park
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of July 2021

North Mountain Duplex for sale. Each unit is a 2 Bed, 1 Bath unit with 896 sf. The roof is 2 years old. The Air Conditioners are 10 years old and work really well. Hot water heaters are a little older than the A/C units but work fine. Each unit has its own patio and back yard. There are 2 storage sheds in the back yard. One unit is partially updated with a new stove, microwave and refrigerator along with a new vanity & mirror in the bathroom. New paint. There is a covered carport on one side of the building. Close to North Mountain and Phoenix Mountain Preserves. Currently the owner lives in one side and a friend lives in the other unit. Rents are low because of this. We figured conservatively on the ProForma numbers.

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 05/20/2021

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Mike Klein

Property For You Realty License #SA507871000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $953

Year Built

  • Built in 1980

Lot Details

  • 9,104

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 159-32-008-C

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90.76 x 100.38 x 91.07 x 100.38

Building Details

  • Operating Expense $3,053
  • Gross Income $22,298
  • Net Operating Income $22,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$953

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 14th St & Purdue Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: C
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 996.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 90.76 x 100.38 x 91.07 x 100.38
  • Additional Parcels: No
  • Parcel #: 159-32-008-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 22298.4
  • Insurance Expense: 1104.0
  • Property Net Operating Income: 22296.0
  • Annual Operating Expense: 3053.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 953.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jun 30, 2021
Sold by
Robins Derek M
Bought by
Ballard Lacey R and Church Tyler G
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mike Klein
Property For You Realty
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Current Estimated Value
$477,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,310
Avg. Annual Appreciation
4.85%
Original Mortgage
$378,026
Outstanding Balance
$343,000
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$134,310

Purchase Details

Closed on
Nov 26, 2018
Sold by
Mckeighan Harold Raymond and Mckeighan Marilyn Joyce
Bought by
Robins Derek M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,700
Interest Rate
4.9%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Purchase Details

Closed on
May 18, 2000
Sold by
Mckeighan Harold Raymond and Mckeighan Marilyn Joyce
Bought by
Mckeighan Harold Raymond and Mckeighan Marilyn Joyce
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

Date Buyer Sale Price Title Company
Ballard Lacey R $385,000 American Title Svc Agcy Llc
Robins Derek M $157,500 Dhi Title Agency
Mckeighan Harold Raymond -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballard Lacey R $378,026
Previous Owner Robins Derek M $7,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $385,000 -3.7% $215 / Sq Ft
05/20/2021 05/20/21 For Sale $399,900 -- $223 / 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 $1,055 $8,304 -- --
2024 $997 $7,908 -- --
2023 $997 $30,800 $6,160 $24,640
2022 $965 $21,650 $4,330 $17,320
2021 $977 $18,510 $3,700 $14,810
2020 $953 $16,510 $3,300 $13,210
2019 $935 $14,360 $2,870 $11,490
2018 $911 $12,150 $2,430 $9,720
2017 $906 $9,550 $1,910 $7,640
2016 $890 $8,920 $1,780 $7,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6239053

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-32-008C