$287,500
SOLD JUL 10, 2015
-- Bed
-- Bath
1,890 Sq Ft
0.3 Acres

Recently Sold

$152 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of September 2018

DO NOT DISTURB TENANTS! This property is an excellent opportunity for the investor that wants the property in good shape and fully rented. Each unit is a 2 bedroom, 2 bath unit. Some updates have been done to include a recent new roof, 2 units had both baths remodeled, contact us for a list. Great central location with the new Cubs training facility, Tempe Market Place, the light rail and freeway access all close. Don't miss out on this great opportunity.

Last Agent to Sell the Property

Randall Becker

Realty ONE Group License #SA564652000 Listed on: 06/06/2015

Last Buyer's Agent

Cyrus Ghovanloo

HomeSmart License #SA530222000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1968

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot m&b
  • Assessor Parcel Number 135-49-022-C

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 100x120

Building Details

  • Gross Income $32,319
  • Net Operating Income $29,927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,317

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: Alma School and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: rm2
  • Number Of Buildings: 2
  • Year Built: 1968
  • Tax Year: 2014
  • Directions: West on University to Standage, North on Standage to Bentley, Property on the NW corner of Standage and Bentley.
  • Road Surface Type: Asphalt
  • Subdivision Name: n/a
  • Tax Parcel Letter: C
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: 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

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 100x120
  • Additional Parcels: No
  • Parcel #: 135-49-022-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32319.0
  • Insurance Expense: 785.0
  • Property Net Operating Income: 29927.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1317.0
  • Tax Book Number: 135.00
  • Tax Lot: m&b

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 13, 2018
Sold by
Richards Stephen J and Richards Nicole M
Bought by
Bentley 1406 Llc
Seller's Agent
Cyrus Ghovanloo
HomeSmart
Buyer's Agent
Teresa Godek
Hometown Advantage Real Estate
List Price
$387,000
Sold Price
$387,000
Current Estimated Value
$680,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,903
Avg. Annual Appreciation
8.19%
Original Mortgage
$290,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 12, 2018
Sold by
Smail Kathleen S and Smail Daniel R
Bought by
Richards Stephen J and Richards Nicole M
Seller's Agent
Cyrus Ghovanloo
HomeSmart
Buyer's Agent
Teresa Godek
Hometown Advantage Real Estate
List Price
$387,000
Sold Price
$387,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2015
Closed on
Jul 6, 2015
Sold by
Ridgeway William V
Bought by
Smail Kathleen G and Smail Daniel R
Seller's Agent
Randall Becker
Realty ONE Group
Buyer's Agent
Cyrus Ghovanloo
HomeSmart
List Price
$289,000
Sold Price
$287,500
Premium/Discount to List
-$1,500
-0.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$215,625
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2009
Sold by
Ridgeway William V
Bought by
Gunneis Ridgeway Patricia Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Ridgeway William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2009
Sold by
Vega Alfredo Rodriguez
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Sep 25, 2006
Sold by
Dedvukaj Vasel
Bought by
Vega Alfredo Rodriguez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,800
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 28, 2006
Sold by
Faast Lois W
Bought by
Dedvukaj Vasel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2006
Sold by
Dedvukaj Elizabeth
Bought by
Dedvukaj Vasel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Accommodation
Warranty Deed $387,000 Phoenix Title Agency Llc
Warranty Deed $287,500 Greystone Title Agency Llc
Interfamily Deed Transfer -- Great American Title Agency
Special Warranty Deed $166,800 Great American Title Agency
Trustee Deed $165,000 Great American Title Agency
Warranty Deed $399,000 Capital Title Agency Inc
Warranty Deed $316,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,000 New Conventional
Closed $290,250 New Conventional
Previous Owner $217,600 New Conventional
Previous Owner $215,625 New Conventional
Previous Owner $125,100 Purchase Money Mortgage
Previous Owner $79,800 Stand Alone Second
Previous Owner $279,300 New Conventional
Previous Owner $221,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $387,000 0.0% $205 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $387,000 +34.6% $205 / Sq Ft
07/10/2015 07/10/15 Sold $287,500 -0.5% $152 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $289,000 -- $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 $1,588 $16,177 -- --
2024 $1,601 $15,407 -- --
2023 $1,601 $52,250 $10,450 $41,800
2022 $1,568 $39,970 $7,990 $31,980
2021 $1,587 $33,030 $6,600 $26,430
2020 $1,566 $29,850 $5,970 $23,880
2019 $1,463 $25,750 $5,150 $20,600
2018 $1,405 $23,420 $4,680 $18,740
2017 $1,363 $18,600 $3,720 $14,880
2016 $1,337 $17,610 $3,520 $14,090
2015 $1,257 $15,680 $3,130 $12,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5290508

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-49-022C