NOT LISTED FOR SALE

1426 E Cinnabar Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $450,000 - $573,000

2 Beds
-- Bath
1,750 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 31, 2013

Last sale price $130,000 $74 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $2,773/month

437 Days on Market

Highlights

  • Central Air
  • Carpet
  • 4-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A
  • Heat Pump System

About This Home

As of May 2013

Nice duplex, half acre lot with approved plans or could be redrawn to build more units. Fully rented income property.

Last Agent to Sell the Property

Richard Liao

Geneva Real Estate and Investments License #SA582109000 Listed on: 01/27/2012

Last Buyer's Agent

Debbie Shields, Des/Broker

Shields Regal Realty License #BR027157000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,115

Year Built

  • Built in 1987

Lot Details

  • 0.5

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

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

Schools

  • Larkspur Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 159-29-008-C

Community Details

Overview

  • 2 Units
  • Building Dimensions are 80 X 282
  • Mountain Home Tr Lot 17 24 41 48 Subdivision

Building Details

  • Operating Expense $5,615
  • Gross Income $13,640
  • Net Operating Income $11,412

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,115

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK & DUNLAP
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Subdivision Name: MOUNTAIN HOME TR LOT 17-24 41-48
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Add'l Parking Avail, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Larkspur Elementary School
  • High School: Shadow Mountain High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Lot Size: 80 X 282
  • Additional Parcels: No
  • Parcel #: 159-29-008-C

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 13640.4
  • Insurance Expense: 960.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 11412.0
  • Annual Operating Expense: 5615.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1115.0
  • Tax Book Number: 159.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2013
Sold by
Smelser Kelley R
Bought by
Smelser Kelley R and Pham Thu Le Thi
Current Estimated Value
$518,224

Purchase Details

Listed on
Jan 27, 2012
Closed on
Apr 17, 2013
Sold by
Hall Dennis and Hall Honng Ling Holly
Bought by
Smelser Kelley Ray
Seller's Agent
Richard Liao
Geneva Real Estate and Investments
Buyer's Agent
Debbie Shields, Des/Broker
Shields Regal Realty
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%
Original Mortgage
$110,000
Outstanding Balance
$77,328
Interest Rate
3.38%
Mortgage Type
VA
Estimated Equity
$440,896

Purchase Details

Closed on
Jul 27, 2006
Sold by
Hall Helen
Bought by
Hall Dennis and Hall Hongling
Source: Public Records
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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
Smelser Kelley R -- None Available
Smelser Kelley Ray $130,000 Lawyers Title Of Arizona Inc
Hall Dennis -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smelser Kelley Ray $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $130,000 0.0% $74 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
01/27/2012 01/27/12 For Sale $130,000 -- $74 / 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 $981 $7,722 -- --
2024 $927 $7,354 -- --
2023 $927 $35,385 $8,425 $26,960
2022 $897 $24,705 $5,875 $18,830
2021 $909 $21,735 $5,175 $16,560
2020 $886 $19,488 $4,638 $14,850
2019 $870 $16,295 $3,875 $12,420
2018 $847 $13,703 $3,263 $10,440
2017 $843 $13,303 $3,163 $10,140
2016 $827 $12,568 $2,988 $9,580
Source: Public Records

Agents Affiliated with this Home

  • Richard Liao

    Seller's Agent in 2013

    Richard Liao

    Geneva Real Estate and Investments

    (480) 612-4545

    6 Total Sales

    Richard Liao
    Section Image

  • D

    Buyer's Agent in 2013

    Debbie Shields

    Coldwell Banker Success Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4707484

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-008C

Arizona Maricopa County Phoenix 85020 North Central

1426 E Cinnabar Ave, 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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