NOT LISTED FOR SALE

Estimated Value: $699,000 - $745,000

6 Beds
-- Bath
2,671 Sq Ft
$268/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $460,000 $172 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,031/month

4 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of September 2020

Midtown Tri-Plex with IN UNIT laundry! Each 2/1 unit is approx. 875SqFt and nicely done with ceramic tile throughout and ceiling fans in each room. Separately metered electric service and nicely landscaped including custom touches like the corrugated metal fencing and awnings, and raised planter beds, as well as front and rear wrought iron gates. Walking distance to Phoenix College, and just blocks from light rail, Melrose District, beautiful Encanto Park and Golf Course and all the fun uptown and Central Corridor shops and restaurants.

Last Agent to Sell the Property

Wendy Galileo-White

DPR Realty LLC License #SA558943000 Listed on: 09/12/2020

DPR Realty LLC

Last Buyer's Agent

Kirk Linehan

RETSY License #SA668759000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,204

Year Built

  • Built in 1945

Lot Details

  • 7,797

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Schools

  • Clarendon Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water
  • Legal Lot and Block 6 / 1
  • Assessor Parcel Number 110-14-006

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7809
  • Clarendon Square Subdivision

Building Details

  • Operating Expense $5,308
  • Gross Income $30,780
  • Net Operating Income $28,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,204

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2019
  • Directions: North on 15th Ave to Clarendon, East on Clarendon to property on south side.
  • Road Surface Type: Asphalt
  • Subdivision Name: CLARENDON SQUARE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Free, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 660.0
  • Annual Water Sewer Expense: 1967.0

Schools

  • Elementary School: Clarendon School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 7809
  • Additional Parcels: No
  • Parcel #: 110-14-006

Multi Family

  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 30780.0
  • Insurance Expense: 1227.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 28300.0
  • Annual Operating Expense: 5308.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1204.0
  • Tax Block: 1
  • Tax Book Number: 110.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Mulberry 16 & 15 Llc
Bought by
Christopher Smith & Associates Llc
Current Estimated Value
$716,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,625
Outstanding Balance
$456,523
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$260,093

Purchase Details

Closed on
Apr 7, 2021
Sold by
Cms Equity Inc
Bought by
Mulberry 16 & 15 Llc

Purchase Details

Listed on
Sep 12, 2020
Closed on
Sep 28, 2020
Sold by
White Clarendon Llc
Bought by
Cms Equity Inc
Seller's Agent
Wendy Galileo-White
DPR Realty LLC
Buyer's Agent
Kirk Linehan
RETSY
List Price
$520,000
Sold Price
$460,000
Premium/Discount to List
-$60,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Original Mortgage
$391,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2006
Sold by
White Tracy S
Bought by
White Clarendon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2006
Sold by
Bradley Matthew A
Bought by
White Tracy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2006
Sold by
Dinh Kristy A
Bought by
Bradley Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Perez Diana
Bought by
Bradley Matthew A and Dinh Kristy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,920
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 1999
Sold by
Perez Sergio
Bought by
Perez Diana
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
Christopher Smith & Associates Llc -- Pioneer Title Agency Inc
Mulberry 16 & 15 Llc -- Accommodation
Cms Equity Inc $460,000 Pioneer Title Agency Inc
White Clarendon Llc -- Fidelity Title
White Tracy S -- Fidelity National Title
White Tracy S $195,000 Fidelity National Title
Bradley Matthew A -- Fidelity National Title
Bradley Matthew A $163,650 Grand Canyon Title Agency In
Perez Diana -- Stewart Title & Trust
Perez Diana $75,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christopher Smith & Associates Llc $500,625
Previous Owner Cms Equity Inc $391,000
Previous Owner White Tracy S $156,000
Previous Owner White Tracy S $156,000
Previous Owner Bradley Matthew A $156,000
Previous Owner Bradley Matthew A $130,920
Closed Bradley Matthew A $16,365
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $460,000 -11.5% $172 / Sq Ft
09/30/2020 09/30/20 Price Changed $520,000 0.0% $195 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $520,000 -- $195 / 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 $1,322 $10,536 -- --
2024 $1,277 $10,034 -- --
2023 $1,277 $48,810 $9,760 $39,050
2022 $1,270 $30,500 $6,100 $24,400
2021 $1,292 $26,620 $5,320 $21,300
2020 $1,259 $22,160 $4,430 $17,730
2019 $1,204 $21,150 $4,230 $16,920
2018 $1,165 $16,460 $3,290 $13,170
2017 $1,069 $13,560 $2,710 $10,850
2016 $1,031 $11,710 $2,340 $9,370
2015 $959 $10,420 $2,080 $8,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6131058

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-14-006