NOT LISTED FOR SALE

1414 E Brown St Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $501,000 - $687,000

6 Beds
-- Bath
2,086 Sq Ft
$271/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $275,000 $132 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,020/month

113 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • 4-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A

About This Home

As of September 2017

Mountain views and quiet neighborhood to compliment a beautiful ranch style triplex. There are three units, each with two bed/one bath. All units have washer/dryer hook up (potential to make even more income). New AC's, new interior and exterior fixtures, and various other updates.

Last Agent to Sell the Property

Lucio Alonzo

Acquisition Sciences Ltd. License #SA664269000 Listed on: 04/24/2017

Last Buyer's Agent

John Reyes

HomeSmart License #SA663624000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $621

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Covered Spaces
  • On-Street Parking

Schools

  • Washington Elementary School
  • Washington Elementary School - Phoenix Middle School
  • Sunnyslope High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 159-29-007-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10571 sq ft
  • Mountain Home Tr Lots 1 4,15,16,25 32,34,36 40 Subdivision

Building Details

  • Operating Expense $4,621
  • Gross Income $26,400
  • Net Operating Income $13,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$621

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Peoria Ave./Cave Creek Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2016
  • Subdivision Name: MOUNTAIN HOME TR LOTS 1-4,15,16,25-32,34,36-40
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Free-Standing Range, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Other, Add'l Parking Avail, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Heat Pump
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 10571 sq ft
  • Additional Parcels: No
  • Parcel #: 159-29-007-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 26400.0
  • Property Net Operating Income: 13400.0
  • Annual Operating Expense: 4621.0

Tax Info

  • Tax Annual Amount: 621.0
  • Tax Book Number: 159.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Sep 28, 2017
Sold by
Burruel Marisol
Bought by
Reyes John M
Seller's Agent
Lucio Alonzo
Acquisition Sciences Ltd.
Buyer's Agent
John Reyes
HomeSmart
List Price
$315,000
Sold Price
$275,000
Premium/Discount to List
-$40,000
-12.7%
Current Estimated Value
$565,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,260
Avg. Annual Appreciation
9.07%
Original Mortgage
$270,019
Outstanding Balance
$228,959
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$336,301

Purchase Details

Listed on
Jun 29, 2014
Closed on
Jul 14, 2014
Sold by
Funland Development Llc
Bought by
Burruel Marisol
Seller's Agent
Ryan Brown
RMB Properties, LLC
Buyer's Agent
Rebecca Hiniker
Realty ONE Group
List Price
$119,000
Sold Price
$114,000
Premium/Discount to List
-$5,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.25%
Original Mortgage
$111,935
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 2010
Sold by
Rieger Rocky and Rieger Mary
Bought by
Funland Development Llc

Purchase Details

Closed on
Apr 26, 2006
Sold by
Chand Saras Wati
Bought by
Rieger Rocky and Rieger Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2005
Sold by
Chand Parmesh
Bought by
Chand Saras Wati

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
7.13%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 13, 2005
Sold by
Mukherjee Ritwik
Bought by
Chand Saras Wati

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
7.13%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 29, 2003
Sold by
Mukherjee Julie
Bought by
Mukherjee Ritwik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Baldwin Clarence E
Bought by
Mukherjee Ritwik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reyes John M $275,000 Chicago Title Agency Inc
Burruel Marisol $119,000 Fidelity Natl Title Agency
Funland Development Llc $44,650 Magnus Title Agency
Rieger Rocky $290,000 Grand Canyon Title Agency In
Chand Saras Wati -- First American Title Ins Co
Chand Saras Wati $245,500 First American Title Ins Co
Mukherjee Ritwik -- Westland Title Agency Of Az
Mukherjee Ritwik -- Westland Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes John M $270,019
Previous Owner Burruel Marisol $111,935
Previous Owner Rieger Rocky $232,000
Previous Owner Chand Saras Wati $208,250
Previous Owner Chand Saras Wati $208,250
Previous Owner Mukherjee Ritwik $85,000
Previous Owner Mukherjee Ritwik $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2017 09/29/17 Sold $275,000 -6.7% $132 / Sq Ft
07/24/2017 07/24/17 Price Changed $294,800 -1.1% $141 / Sq Ft
07/03/2017 07/03/17 Price Changed $298,000 -5.4% $143 / Sq Ft
04/24/2017 04/24/17 For Sale $315,000 +176.3% $151 / Sq Ft
08/05/2014 08/05/14 Sold $114,000 -4.2% $55 / Sq Ft View Prior Sale
07/07/2014 07/07/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $119,000 -- $57 / 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 $766 $6,025 -- --
2024 $724 $5,738 -- --
2023 $724 $33,660 $6,730 $26,930
2022 $670 $23,980 $4,790 $19,190
2021 $682 $20,630 $4,120 $16,510
2020 $664 $18,350 $3,670 $14,680
2019 $652 $14,370 $2,870 $11,500
2018 $635 $11,960 $2,390 $9,570
2017 $632 $10,800 $2,160 $8,640
2016 $620 $9,600 $1,920 $7,680
Source: Public Records

Agents Affiliated with this Home

  • Lucio Alonzo

    Seller's Agent in 2017

    Lucio Alonzo

    Acquisition Sciences Ltd.

    (480) 213-7482

    10 Total Sales

    Lucio Alonzo
    Section Image

  • J

    Buyer's Agent in 2017

    John Reyes

    HomeSmart

    1 Total Sale

    John Reyes
    Section Image

  • R

    Seller's Agent in 2014

    Ryan Brown

    RMB Properties, LLC

    (480) 329-1122

    10 Total Sales

    Ryan Brown
    Section Image
  • Rebecca Hiniker

    Buyer's Agent in 2014

    Rebecca Hiniker

    Realty One Group

    (602) 785-7915

    16 Total Sales

    Rebecca Hiniker
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5595262

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-007A

Arizona Maricopa County Phoenix 85020 North Central

1414 E Brown St, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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