$381,000
SOLD FEB 13, 2020
-- Bed
-- Bath
1,662 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of February 2020

Great income property. Current rents charged are under market. Great location just off the freeway and a mile from the Roosevelt Row Arts District. Walking distance to the light rail and everything downtown has to offer. There are 2 electric meters on the property. Tenants split utilities. One unit pays their own and the other 2 units split the bill. DO NOT DISTURB TENANTS, DRIVE BY ONLY UNTIL AN ACCEPTED CONTRACT.

Last Agent to Sell the Property

Chris F Campbell

Chris F Campbell License #BR533398000 Listed on: 01/12/2020

Last Buyer's Agent

Heather Deason

eXp Realty License #SA686150000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $919

Year Built

  • Built in 1936

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 116-56-028

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are unknown
  • La Tourrette Place Subdivision

Building Details

  • Operating Expense $4,999
  • Net Operating Income $1,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$919

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: 16th Street and I-10 Freeway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1936
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Sidewalk(s), Alley
  • Subdivision Name: LA TOURRETTE PLACE
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks), APS
  • Cooling: Electric, Wall/Window Unit(s)
  • 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

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 240.0
  • Annual Water Sewer Expense: 1440.0

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 116-56-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 2400.0
  • Property Net Operating Income: 1312.0
  • Annual Operating Expense: 4999.0

Tax Info

  • Tax Annual Amount: 919.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2020
Closed on
Feb 7, 2020
Sold by
Kincaid Katherine J
Bought by
Kohl Jeffrey
Seller's Agent
Chris F Campbell
Chris F Campbell
Buyer's Agent
Heather Deason
eXp Realty
List Price
$375,000
Sold Price
$381,000
Premium/Discount to List
$6,000
1.6%
Current Estimated Value
$466,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,048
Avg. Annual Appreciation
3.75%
Original Mortgage
$285,750
Outstanding Balance
$255,688
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$210,360

Purchase Details

Listed on
Apr 3, 2012
Closed on
Jun 5, 2012
Sold by
Central Holdings Llc
Bought by
Kincaid Katherine J
Buyer's Agent
Chris F Campbell
Chris F Campbell
List Price
$119,900
Sold Price
$119,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%
Original Mortgage
$117,727
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 31, 2012
Closed on
Feb 29, 2012
Sold by
U S Bank National Association
Bought by
Central Holding Llc
Seller's Agent
Krista Mulligan-Reising
Move N Places
Buyer's Agent
Avril Hogan
ARC Real Estate
List Price
$38,900
Sold Price
$44,200
Premium/Discount to List
$5,300
13.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3928.78%

Purchase Details

Closed on
Oct 7, 2011
Sold by
Teran Cecilia and Araballo Jose Teran
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 16, 2011
Sold by
Arballo Jose Teran
Bought by
Teran Cecelia

Purchase Details

Closed on
May 6, 2004
Sold by
Teran Cecilia
Bought by
Teran Cecilia and Arballo Jose Teran

Purchase Details

Closed on
Aug 28, 2003
Sold by
Teran Jose and Teran Ofelia Marrufo
Bought by
Teran Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1994
Sold by
Ashton Steven Matthias and Ashton Janice Lynn
Bought by
Teran Jose and Teran Ofelia Marrufo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,050
Interest Rate
8.78%
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
Warranty Deed $381,000 Az Title Agency
Warranty Deed $119,900 American Title Service Agenc
Cash Sale Deed $44,200 Guaranty Title Agency
Trustee Deed $97,200 Accommodation
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Metro Title Agency
Joint Tenancy Deed $59,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,750 New Conventional
Previous Owner $117,727 FHA
Previous Owner $174,400 Stand Alone First
Previous Owner $107,200 Unknown
Previous Owner $60,000 Purchase Money Mortgage
Previous Owner $56,050 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Rented $950 0.0% --
09/28/2021 09/28/21 For Rent $950 0.0% --
02/13/2020 02/13/20 Sold $381,000 +1.6% $229 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
01/11/2020 01/11/20 For Sale $375,000 +212.8% $226 / Sq Ft
06/15/2012 06/15/12 Sold $119,900 0.0% $72 / Sq Ft
05/02/2012 05/02/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $119,900 0.0% $72 / Sq Ft
04/06/2012 04/06/12 Pending -- -- --
04/03/2012 04/03/12 For Sale $119,900 +171.3% $72 / Sq Ft
03/07/2012 03/07/12 Sold $44,200 0.0% $27 / Sq Ft
02/14/2012 02/14/12 Pending -- -- --
02/13/2012 02/13/12 Off Market $44,200 -- --
02/07/2012 02/07/12 For Sale $38,900 -12.0% $23 / Sq Ft
02/07/2012 02/07/12 Off Market $44,200 -- --
01/31/2012 01/31/12 For Sale $38,900 -- $23 / 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 $950 $8,017 -- --
2024 $941 $7,636 -- --
2023 $941 $39,200 $7,840 $31,360
2022 $905 $30,160 $6,030 $24,130
2021 $906 $26,520 $5,300 $21,220
2020 $919 $24,430 $4,880 $19,550
2019 $919 $18,580 $3,710 $14,870
2018 $903 $16,560 $3,310 $13,250
2017 $871 $13,080 $2,610 $10,470
2016 $846 $11,610 $2,320 $9,290
2015 $771 $8,950 $1,790 $7,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6022829

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-56-028