NOT LISTED FOR SALE

Estimated Value: $482,607 - $683,000

-- Bed
-- Bath
1,564 Sq Ft
$363/Sq Ft Est. Value

Last Sold April 17, 2017

Last sale price $220,000 $141 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $3,315/month

31 Days on Market

Highlights

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Ceiling Fan
  • Ceramic Tile Flooring

About This Home

As of April 2017

Cash Only! In the heart of Tempe, this fully remodeled duplex w/ no deferred maintenance and consists of two 2 bed, 1 bat units w/ fresh paint, white appliances & tile flooring. These units are GORGEOUS with LONG TERM TENANTS (20+ years @ $750/Mo, 7+ years @ $910/Mo). Fully fenced lot w/ parking out back. This is a bargain with a great cap rate and perfect for the first time investor who wants to get their feet wet or a seasoned professional who wants to add a ‘no brainer’ to their rental portfolio. Located just 5 minutes from the airport, Phoenix zoo, ‘A’ Mountain, Tempe Beach Park/Town Lake, Mill Avenue, Tempe Art Center, Tempe Marketplace, Hayden Ferry Lakeside and tons of shopping, restaurants and more! Get it while it lasts because duplexes like this don’t come on the market very ofte

Last Agent to Sell the Property

Carlie Goulet

Keller Williams Realty Phoenix License #BR526378000 Listed on: 02/10/2017

Keller Williams Realty Phoenix

Co-Listed By

Emily Duarte

Keller Williams Arizona Realty License #SA565425000

Last Buyer's Agent

Edward Floren

My Home Group Real Estate License #SA662311000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,412

Year Built

  • Built in 1968

Lot Details

  • 7,187

Home Design

  • Brick Exterior Construction
  • Block Exterior
  • Siding

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 124-38-008

Community Details

Overview

  • 2 Units
  • Building Dimensions are 120 x 60
  • Ginny Mae Estates Subdivision

Building Details

  • Operating Expense $4,627
  • Gross Income $19,920
  • Net Operating Income $15,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,412

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: Priest Drive and University Drive
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1968
  • Tax Year: 2016
  • Directions: North on Priest. West on 5th Street to home which is located on the right side of the street. ***Please do not disturb tenants.***
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • Subdivision Name: Ginny Mae Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Brick Veneer, Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 120 x 60
  • Additional Parcels: No
  • Parcel #: 124-38-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 19920.0
  • Insurance Expense: 1019.0
  • Maintenance Expense: 996.0
  • Property Net Operating Income: 15293.34
  • Annual Operating Expense: 4626.66

Tax Info

  • Tax Annual Amount: 1411.66
  • Tax Book Number: 124.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2016
Sold by
Hosseini Saeed K and Hosseini Cynthia M
Bought by
Lux Property Group Llc
Total Days on Market
31
Current Estimated Value
$568,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2007
Sold by
Hosseini Saeed K and Hosseini Cynthia M
Bought by
Hosseini Saeed K and Hosseini Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 30, 2007
Sold by
Hosseini Saeed K and Hosseini Cynthia M
Bought by
Hosseini Saeed K and Hosseini Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 14, 2004
Sold by
Hosseini Saeed K
Bought by
Hosseini Saeed K and Hosseini Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
4.53%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 9, 2003
Sold by
Hosseini Saeed K and Hosseini Cynthia M
Bought by
Saeed Saeed K and Saeed Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 1997
Sold by
Maxted Roy A and Maxted Dottie G
Bought by
Hosseini K Saeed and Cynthia Hosseini K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
7.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1995
Sold by
Maxted Michelle L
Bought by
Maxted Roy A and Maxted Dottie G

Purchase Details

Closed on
May 8, 1995
Sold by
Haight Linda J
Bought by
Maxted Michelle L

Purchase Details

Closed on
Aug 29, 1994
Sold by
Gould Terrence R and Jackson Rebecca L
Bought by
Haight Linda J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lux Property Group Llc $165,000 Security Title Agency Inc
Hosseini Saeed K -- American Heritage Title Agen
Hosseini Saeed K -- American Heritage Title Agen
Hosseini Saeed K -- Fidelity Title
Hosseini Saeed K -- Fidelity National Title
Hosseini Saeed K -- Fidelity National Title
Saeed Saeed K -- --
Hosseini Saeed K -- Century Title Agency Inc
Hosseini K Saeed $98,000 Fidelity Title
Maxted Roy A -- --
Maxted Michelle L $82,500 Old Republic Title Agency
Haight Linda J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Christopher Anthony $163,550
Closed Lux Property Group Llc $160,000
Previous Owner Hosseini Saeed K $150,000
Previous Owner Hosseini Saeed K $81,000
Previous Owner Hosseini Saeed K $78,000
Previous Owner Hosseini K Saeed $78,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2017 04/17/17 Sold $220,000 0.0% $141 / Sq Ft
04/03/2017 04/03/17 For Sale $220,000 0.0% $141 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
03/09/2017 03/09/17 Pending -- -- --
03/07/2017 03/07/17 Price Changed $220,000 +4.8% $141 / Sq Ft
03/06/2017 03/06/17 For Sale $210,000 0.0% $134 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $210,000 -- $134 / 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 $1,655 $14,777 -- --
2024 $1,635 $14,074 -- --
2023 $1,635 $45,050 $9,010 $36,040
2022 $1,569 $35,750 $7,150 $28,600
2021 $1,580 $31,000 $6,200 $24,800
2020 $1,532 $27,750 $5,550 $22,200
2019 $1,503 $22,670 $4,530 $18,140
2018 $1,465 $18,900 $3,780 $15,120
2017 $1,422 $15,730 $3,140 $12,590
2016 $1,412 $14,500 $2,900 $11,600
2015 $1,356 $14,170 $2,830 $11,340
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5559941

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-38-008