NOT LISTED FOR SALE

Estimated Value: $505,000 - $580,337

3 Beds
3 Baths
1,268 Sq Ft
$439/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $558,500 $440 Per Sq Ft

Current estimated payment $3,182/month

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2023

Great tri-plex with 100% occupancy. Leases are month to month. Two 1X1 and one 2X1. Property is well maintained and unit 3 has an attached improvement storage that generates and additional $700/Mo. Asphalt parking lot. Block fencing. Great central Phoenix location. Units stay rented and pay on time.

Last Listed By

Rich Kort

Good Oak Real Estate License #BR109131000 Listed on: 07/12/2023

Good Oak Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $732

Year Built

  • Built in 1955

Lot Details

  • 7,405

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 121-07-139

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7405

Building Details

  • Operating Expense $6,090
  • Gross Income $38,200
  • Net Operating Income $33,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$732

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 32ND ST / McDowell RD
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2022
  • Directions: East on McDowell, south on 33RD ST units are on the east side of the street.
  • Road Surface Type: Asphalt
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2025.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7405
  • Additional Parcels: No
  • Parcel #: 121-07-139

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 38200.0
  • Insurance Expense: 1148.0
  • Maintenance Expense: 1935.0
  • Property Net Operating Income: 33092.0
  • Annual Operating Expense: 6090.0

Tax Info

  • Tax Annual Amount: 732.0
  • Tax Book Number: 121.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 25, 2023
Sold by
Arias Children 2021 Trust
Bought by
Maguson Joshua and Maguson Amy
Seller's Agent
Rich Kort
Good Oak Real Estate
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$575,000
Sold Price
$558,500
Premium/Discount to List
-$16,500
-2.87%
Total Days on Market
1
Views
3
Current Estimated Value
$557,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,416
Avg. Annual Appreciation
-0.14%
Original Mortgage
$418,875
Outstanding Balance
$411,945
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$145,139

Purchase Details

Closed on
Aug 17, 2022
Sold by
Milton Arias
Bought by
Arias Children 2021 Trust

Purchase Details

Listed on
Jan 28, 2022
Closed on
Feb 23, 2022
Sold by
Simpson Family Properties Llc
Bought by
Arias Milton
Seller's Agent
Jay Cooper
Fountain Hills Realty
Buyer's Agent
Rich Kort
Good Oak Real Estate
List Price
$465,000
Sold Price
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$372,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2019
Sold by
Roger Clive & Anna Justina Simpson Trust
Bought by
Simpson Family Properties Llc

Purchase Details

Closed on
Aug 19, 2019
Sold by
Simpson Roger Clive and Simpson Anna Justina
Bought by
Simpson Family Properties Llc

Purchase Details

Closed on
Dec 2, 2014
Sold by
Simpson Roger and Simpson Anna
Bought by
The Roger Clive Simpson & Justina Simpso

Purchase Details

Listed on
Oct 11, 2013
Closed on
Nov 15, 2013
Sold by
Phx 300-2 Llc
Bought by
Simpson Roger and Simpson Anna
Seller's Agent
Jason Mendoza
My Rental Superstore
Buyer's Agent
Jay Cooper
Fountain Hills Realty
List Price
$134,900
Sold Price
$115,000
Premium/Discount to List
-$19,900
-14.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.68%

Purchase Details

Closed on
Jul 11, 2011
Sold by
Lucky Charm 2 Llc
Bought by
Phx 300 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,500
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2011
Sold by
Perfect Storm Real Estate Investments Ll
Bought by
Lucky Charm 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,500
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2011
Sold by
Household Realty Corp
Bought by
Pefect Storm Reatly Estate Investments L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2010
Sold by
Lugo Ruiz Noe
Bought by
Household Realty Corporation

Purchase Details

Closed on
Feb 12, 2003
Sold by
Oneil Edward and Oneil Stacy
Bought by
Ruiz Noe Lugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,867
Interest Rate
5.76%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2001
Sold by
Oneil Kathy
Bought by
Oneil Edward

Purchase Details

Closed on
Jan 2, 2001
Sold by
Stevens Eric and Stevens Joy
Bought by
Stevens Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 1994
Sold by
West Alvin C
Bought by
Stevens Eric G and Stevens Joy A

Range of Values:

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Average Value
Not Available
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
Maguson Joshua $558,500 Premier Title Agency
Arias Children 2021 Trust -- Atchley Mark
Arias Milton $465,000 Security Title
Simpson Family Properties Llc -- None Available
Simpson Family Properties Llc -- None Available
The Roger Clive Simpson & Justina Simpso -- None Available
Simpson Roger $115,000 First Arizona Title Agency
Phx 300 2 Llc $109,000 American Title Service Agenc
Lucky Charm 2 Llc -- Accommodation
Pefect Storm Reatly Estate Investments L $42,000 Security Title Agency
Household Realty Corporation $46,750 Accommodation
Ruiz Noe Lugo $138,000 Security Title Agency
Oneil Edward -- Transnation Title Insurance
Oneil Edward $95,000 Transnation Title Insurance
Stevens Ryan $92,000 Grand Canyon Title Agency In
Stevens Eric G $43,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maguson Joshua $418,875
Previous Owner Arias Milton $372,000
Previous Owner Phx 300 2 Llc $20,000
Previous Owner Phx 300 2 Llc $65,500
Previous Owner Perfect Storm Real Estate Investments Ll $25,000
Previous Owner Lugo Ruiz Noe $163,000
Previous Owner Ruiz Noe Lugo $135,867
Previous Owner Stevens Ryan $73,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $558,500 -2.9% $440 / Sq Ft
08/19/2023 08/19/23 Price Changed $575,000 0.0% $453 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $575,000 +23.7% $453 / Sq Ft
02/28/2022 02/28/22 Sold $465,000 0.0% $367 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $465,000 +304.3% $367 / Sq Ft
11/19/2013 11/19/13 Sold $115,000 -14.8% $91 / Sq Ft
11/04/2013 11/04/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $134,900 -- $106 / 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 $771 $5,931 -- --
2024 $762 $5,648 -- --
2023 $762 $28,100 $5,620 $22,480
2022 $732 $20,870 $4,170 $16,700
2021 $750 $17,300 $3,460 $13,840
2020 $732 $14,480 $2,890 $11,590
2019 $727 $11,610 $2,320 $9,290
2018 $712 $10,230 $2,040 $8,190
2017 $684 $9,460 $1,890 $7,570
2016 $658 $7,520 $1,500 $6,020
2015 $612 $5,910 $1,180 $4,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6579509

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-07-139