NOT LISTED FOR SALE

Estimated Value: $669,000 - $840,000

-- Bed
-- Bath
2,940 Sq Ft
$258/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $331,000 $113 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $4,349/month

4 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • 1-minute walk to Whitman Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of April 2018

***Please do not disturb Tenants*** Amazing Location! This is a great 4 plex income opportunity for an investor! Fully occupied. Each unit is individually metered for electric & WATER!

2 New A/C Units within the last 2 years.

Last Agent to Sell the Property

Michael Justice

Snow Realty & Property Management License #SA633340000 Listed on: 03/09/2018

Co-Listed By

Devin Snow

Snow Realty & Property Management License #BR570500000

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 13
  • Assessor Parcel Number 136-18-106

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12063
  • Center Park Lot 1 26 Tr A Subdivision

Building Details

  • Operating Expense $4,673
  • Gross Income $25,920
  • Net Operating Income $24,127

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: McKellips & Country Club
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: McKillips and Country Club go East on MEKellips to Grand, South on Grand to Inglewood, property is on corner.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1800.0
  • Co List Office Mls Id: snow001
  • Co List Office Phone: 480-331-8503
  • Subdivision Name: CENTER PARK LOT 1-26 TR A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: 12063
  • Additional Parcels: No
  • Parcel #: 136-18-106

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25920.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 24127.0
  • Annual Operating Expense: 4673.44
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1223.44
  • Tax Book Number: 136.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Baes Sobrani Erika and Sobhani Arashk
Bought by
Sobhani Arashk
Total Days on Market
4
Current Estimated Value
$757,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Outstanding Balance
$406,091
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$350,986

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 27, 2018
Sold by
Williams Tyler L
Bought by
Williams Reyna
Seller's Agent
Michael Justice
Snow Realty & Property Management
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$325,000
Sold Price
$331,000
Premium/Discount to List
$6,000
1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$246,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2012
Closed on
Aug 26, 2012
Sold by
Justice Larry
Bought by
Justice Properties Llc
Seller's Agent
Gerald Centner
Red Hawk Realty
Buyer's Agent
Michael Justice
Snow Realty & Property Management
List Price
$149,500
Sold Price
$145,000
Premium/Discount to List
-$4,500
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.41%
Original Mortgage
$108,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2012
Closed on
Jul 11, 2012
Sold by
Justice Diane
Bought by
Justice Larry J
Seller's Agent
Gerald Centner
Red Hawk Realty
Buyer's Agent
Michael Justice
Snow Realty & Property Management
List Price
$149,500
Sold Price
$145,000
Premium/Discount to List
-$4,500
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2012
Closed on
Jul 8, 2012
Sold by
Dramms Llc
Bought by
Justice Larry J
Seller's Agent
Gerald Centner
Red Hawk Realty
Buyer's Agent
Michael Justice
Snow Realty & Property Management
List Price
$149,500
Sold Price
$145,000
Premium/Discount to List
-$4,500
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2009
Sold by
Aurora Loan Services Llc
Bought by
Dramms Llc

Purchase Details

Closed on
Jan 6, 2009
Sold by
Buffett Henry W
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 16, 2004
Sold by
Gutierrez Patricia
Bought by
Buffett Ii Henry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2003
Sold by
Jahziemar Enterprises Inc
Bought by
Gutierrez Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,033
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2003
Sold by
Mendoza Maria
Bought by
Jahziemar Enterprises Inc

Purchase Details

Closed on
May 2, 1995
Sold by
Senff Annice M
Bought by
Mendoza Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,900
Interest Rate
7.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Sobhani Arashk -- First Integrity Ttl Agcy Of
Sobhani Arashk $690,000 First Integrity Ttl Agcy Of
Williams Reyna -- Clear Title Agency Of Arizon
Williams Reyna $328,000 Clear Title Agency Of Arizon
Justice Properties Llc -- None Available
Justice Larry J -- Lawyers Title Of Arizona Inc
Justice Larry J $145,000 Lawyers Title Of Arizona Inc
Dramms Llc $150,000 Security Title Agency
Aurora Loan Services Llc $169,546 None Available
Buffett Ii Henry W $320,000 Commonwealth Title
Gutierrez Patricia $192,000 Arizona Title Agency Inc
Jahziemar Enterprises Inc -- Arizona Title Agency Inc
Mendoza Maria $93,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sobhani Arashk $442,500
Closed Sobhani Arashk $442,500
Previous Owner Williams Reyna $322,000
Previous Owner Williams Reyna $246,000
Previous Owner Justice Larry J $108,750
Previous Owner Justice Larry J $108,750
Previous Owner Buffett Ii Henry W $256,000
Previous Owner Gutierrez Patricia $189,033
Previous Owner Mendoza Maria $90,900
Closed Buffett Ii Henry W $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $331,000 +1.8% $113 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $325,000 +124.1% $111 / Sq Ft
07/27/2012 07/27/12 Sold $145,000 -3.0% $197 / Sq Ft
06/28/2012 06/28/12 Pending -- -- --
06/23/2012 06/23/12 For Sale $149,500 -- $203 / 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 $1,426 $14,524 -- --
2024 $1,437 $13,832 -- --
2023 $1,437 $48,260 $9,650 $38,610
2022 $1,408 $36,210 $7,240 $28,970
2021 $1,425 $29,820 $5,960 $23,860
2020 $1,406 $26,760 $5,350 $21,410
2019 $1,314 $22,610 $4,520 $18,090
2018 $1,261 $20,110 $4,020 $16,090
2017 $1,223 $16,960 $3,390 $13,570
2016 $1,201 $16,370 $3,270 $13,100
2015 $1,129 $14,430 $2,880 $11,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5734511

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-18-106