$420,000
SOLD MAY 4, 2018
-- Bed
-- Bath
3,688 Sq Ft
9,104 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

5% Above List Price

4 Days on Market

Highlights

  • Cooling Available
  • Macarthur Elementary School Rated A-
  • Heating Available

About This Home

As of November 2019

Rare Upscale 4-Plex! Townhome style units! Separate water meters- TENANTS PAY ALL UTILITIES!!! - Water/Sewer/Trash/Electric. Large 2bd/1.5 bath units, private fenced yards, private laundry w/ hookups, covered parking, and the units have a lot of tile! Knoll Circle is surrounded by residential homes. Rents are Unit 1 $749, Unit 2 $750, Unit 3 $725, Unit 4 Furnished Asking $950. Potential opportunity to raise rents given the rental comps in the area. Comps at $850. Buyer must verify all facts/figures on their own.

Last Agent to Sell the Property

Michael Smith

Barrett Real Estate License #BR635584000 Listed on: 03/23/2018

Barrett Real Estate

Co-Listed By

Kathleen Smith

Barrett Real Estate License #BR016430000

Last Buyer's Agent

Justin Bland

Better Homes & Gardens Real Estate SJ Fowler License #SA529935000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,689

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Schools

  • Hermosa Vista Elementary School
  • Stapley Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for landscaping
  • Tax Lot 2
  • Assessor Parcel Number 136-07-171

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • North Gate Gardens Unit 2 Lot 1 11 Subdivision

Building Details

  • Operating Expense $6,129
  • Gross Income $38,088
  • Net Operating Income $31,959

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,689

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: STAPLEY & MCKELLIPS
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2017
  • Directions: EAST ON MCKELLIPS, LEFT ON LAZONA. TAKE FIRST RIGHT ON KNOLL CIR. PROPERTY IS IMMEDIATELY TO YOUR LEFT.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1440.0
  • Co List Office Mls Id: ddsm01
  • Co List Office Phone: 480-967-1333
  • Subdivision Name: NORTH GATE GARDENS UNIT 2 LOT 1-11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: 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

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Hermosa Vista Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Stapley Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 136-07-171

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 38088.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 31959.0
  • Annual Operating Expense: 6129.0

Tax Info

  • Tax Annual Amount: 1689.0
  • Tax Book Number: 136.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Dec 20, 2019
Sold by
Davis Matthew I and Davis Michelle R
Bought by
Md Realty Knoll Circle Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%
Current Estimated Value
$811,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,126
Avg. Annual Appreciation
10.09%

Purchase Details

Listed on
Apr 11, 2019
Closed on
Nov 20, 2019
Sold by
Davis Matthew Ian and Davis Michelle Renee
Bought by
Davis Matthew Ian and Davis Michelle Renee
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2019
Closed on
Oct 8, 2019
Sold by
Lau Caron Ann and Ling Ronald Won Yuk
Bought by
Davis Matthew Lan and Davis Michelle Renee
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 23, 2018
Closed on
Apr 11, 2018
Sold by
Lau Sheldon Hon Chew and Lau Caron Ann
Bought by
Lau Caron Ann
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
Justin Bland
Better Homes & Gardens Real Estate SJ Fowler
List Price
$399,900
Sold Price
$420,000
Premium/Discount to List
$20,100
5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$280,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2016
Closed on
Jul 9, 2016
Sold by
Ayn Properties Llc
Bought by
Buhl Adam and Buhl Tatum
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$365,000
Sold Price
$340,000
Premium/Discount to List
-$25,000
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$238,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2014
Closed on
Mar 13, 2014
Sold by
Moreno Monica
Bought by
Ayn Properties Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
List Price
$299,900
Sold Price
$288,000
Premium/Discount to List
-$11,900
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Jul 25, 2013
Sold by
Moreno Monica and Leong David
Bought by
Moreno Monica

Purchase Details

Closed on
Apr 13, 2012
Sold by
Moreno Monica and Leong David
Bought by
Moreno Monica and Leong David

Purchase Details

Closed on
Sep 17, 2004
Sold by
Riggs Justin and Riggs Katherine D
Bought by
Moreno Monica and Leong David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2003
Sold by
Riggs Justin
Bought by
Riggs Justin and Riggs Katherine D

Purchase Details

Closed on
Aug 30, 2000
Sold by
Lamb Michael D and Lamb Lorie L
Bought by
Riggs Justin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,119
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 1999
Sold by
Dubois Michael A and Dubois Joanne R
Bought by
Lamb Michael D and Lamb Lorie L
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
Quit Claim Deed -- None Available
Warranty Deed -- Accommodation
Warranty Deed $468,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed $415,000 Pioneer Title Agency Inc
Warranty Deed $340,000 Stewart Title Arizona Agency
Cash Sale Deed $288,000 First Arizona Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $332,520 Security Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $234,600 Security Title Agency
Joint Tenancy Deed $170,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $441,000 Commercial
Previous Owner $351,000 New Conventional
Previous Owner $280,000 New Conventional
Previous Owner $238,000 New Conventional
Previous Owner $260,800 New Conventional
Previous Owner $38,700 Credit Line Revolving
Previous Owner $228,119 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $470,000 -1.1% $127 / Sq Ft
09/28/2019 09/28/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $475,000 0.0% $129 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
08/13/2019 08/13/19 For Sale $475,000 0.0% $129 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $475,000 +1.1% $129 / Sq Ft
07/01/2019 07/01/19 Off Market $470,000 -- --
06/20/2019 06/20/19 Price Changed $475,000 -2.1% $129 / Sq Ft
06/13/2019 06/13/19 For Sale $485,000 0.0% $132 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $485,000 0.0% $132 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $485,000 +15.5% $132 / Sq Ft
05/04/2018 05/04/18 Sold $420,000 +5.0% $114 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $399,900 +17.6% $108 / Sq Ft
08/26/2016 08/26/16 Sold $340,000 -6.7% $92 / Sq Ft
07/27/2016 07/27/16 Pending -- -- --
07/27/2016 07/27/16 Price Changed $364,500 0.0% $99 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
06/01/2016 06/01/16 Price Changed $364,500 -0.1% $99 / Sq Ft
05/13/2016 05/13/16 For Sale $365,000 +26.7% $99 / Sq Ft
03/28/2014 03/28/14 Sold $288,000 -4.0% $78 / Sq Ft
02/27/2014 02/27/14 Pending -- -- --
02/01/2014 02/01/14 For Sale $299,900 -- $81 / 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 $1,968 $20,051 -- --
2024 $1,984 $19,096 -- --
2023 $1,984 $67,160 $13,430 $53,730
2022 $1,943 $50,210 $10,040 $40,170
2021 $1,967 $43,880 $8,770 $35,110
2020 $1,941 $39,310 $7,860 $31,450
2019 $1,814 $33,460 $6,690 $26,770
2018 $1,741 $29,970 $5,990 $23,980
2017 $1,689 $26,380 $5,270 $21,110
2016 $1,658 $24,050 $4,810 $19,240
2015 $1,558 $22,650 $4,530 $18,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5741376

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-171