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Seller's Agent in 2020
Kelly McCormack
West USA Realty
1501 E Roosevelt St Phoenix, AZ 85006
Garfield NeighborhoodEstimated Value: $821,268 - $975,000
Studio
--
Bath
2,600
Sq Ft
$344/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Multiple cooling system units
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of April 2020Completely Remodeled 4-Plex with strong rents that wont disappoint you! Seller has spent over $100k in upgrades starting with all New HVAC units by City of Phoenix through the Energize program in 2012 spending $25k, then in 2013 City Of Phoenix Rental Rehabilitation Program spent $75K which included New Roof, New plumbing, New Electrical, New Kitchen cabinets, New Paint and New Flooring. Seller also installed a large RV gate that only tenants have access for additional parking. Great money maker. All units have signed leases with 2 tenants in the process of moving in the units in the next 2 weeks. Owner is currently collecting $3838 per month in rents and rent will increase to $3943 in June 2020. Great opportunity! Everything updated so nothing to do but sit back and collect rents!
Last Agent to Sell the Property
Kelly McCormack
West USA Realty License #SA529500000 Listed on: 03/28/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,549
Year Built
- Built in 1979
Lot Details
- 6,752
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
Flooring
- Wood Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Assigned Parking
Schools
- Phoenix Prep Academy Elementary School
- Phoenix Union Bioscience High Middle School
- Phoenix Union Bioscience High School
Utilities
- Multiple cooling system units
- Central Air
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 14
- Assessor Parcel Number 116-19-129
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- Kleck Tract Subdivision
Building Details
- Operating Expense $5,797
- Gross Income $45,897
- Net Operating Income $37,307
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2023
Sold by
Okerblom Robert Wayne
Bought by
Okerblom Family Revocable Trust
Current Estimated Value
Purchase Details
Closed on
Nov 30, 2022
Sold by
Okerblom Robert Wayne
Bought by
Okerblom Family Revocable Trust and Okerblom
Purchase Details
Listed on
Mar 28, 2020
Closed on
Mar 6, 2020
Sold by
Considerations Duromax Llc
Bought by
Hole Ames Ayne Donald J and Okerblom Robert W
Seller's Agent
Kelly McCormack
West USA Realty
Buyer's Agent
Chris Scott
HomeSmart
List Price
$550,000
Sold Price
$550,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$275,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 15, 2019
Sold by
Musa Duro
Bought by
Duromax Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,600
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 18, 2014
Sold by
Duromax Llc
Bought by
Musa Duro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 2, 2013
Sold by
Musa Duro
Bought by
Duro Max Ll
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,300
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 19, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Musa Duro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,500
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 2010
Sold by
Us Bank Na
Bought by
Secretary Of Housing & Urban Development
Purchase Details
Closed on
Sep 16, 2003
Sold by
Scarmelli Juan M
Bought by
Gonzalez Ignacio and Gonzalez Evangelina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,543
Interest Rate
5.94%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 13, 2002
Sold by
Federico Adele
Bought by
Scaramelli Juan M
Purchase Details
Closed on
Aug 28, 2002
Sold by
Okougbo Shaka and Hardeman Sherry
Bought by
Okougbo Deborah A and Hardeman Paul D
Purchase Details
Closed on
Mar 26, 2002
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Federico Adele
Purchase Details
Closed on
Mar 18, 2002
Sold by
Dominguez Margarita Olivas
Bought by
Mendoza Carlos and Mendoza Olga
Purchase Details
Closed on
Mar 1, 2002
Sold by
Federico Joseph M
Bought by
Federico Adele L
Purchase Details
Closed on
Jan 22, 2002
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Dominguez Margareta Olivas
Purchase Details
Closed on
Dec 3, 1999
Sold by
Segura Micaela and Mendoza Olga
Bought by
Mendoza Carlos and Mendoza Olga
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
10.5%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Okerblom Family Revocable Trust | -- | -- | |
| Okerblom Family Revocable Trust | -- | None Listed On Document | |
| Hole Ames Ayne Donald J | $550,000 | Equity Title | |
| Duromax Llc | -- | Pioneer Title Agency Inc | |
| Musa Duro | -- | Pioneer Title Agency Inc | |
| Duro Max Ll | -- | Pioneer Title Agency Inc | |
| Musa Duro | -- | Grand Canyon Title Agency | |
| Secretary Of Housing & Urban Development | -- | Great American Title Agency | |
| U S Bank National Association | $157,665 | Great American Title | |
| Gonzalez Ignacio | $159,000 | Century Title Agency Inc | |
| Scaramelli Juan M | -- | Stewart Title & Trust | |
| Okougbo Deborah A | -- | Stewart Title & Trust | |
| Federico Adele | $130,000 | Stewart Title & Trust | |
| Mendoza Carlos | -- | Stewart Title & Trust | |
| Federico Adele L | -- | Stewart Title & Trust | |
| Dominguez Margareta Olivas | -- | -- | |
| Mendoza Carlos | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hole Ames Ayne Donald J | $275,000 | |
| Previous Owner | Duromax Llc | $704,600 | |
| Previous Owner | Musa Duro | $51,000 | |
| Previous Owner | Duro Max Ll | $47,300 | |
| Previous Owner | Musa Duro | $39,500 | |
| Previous Owner | Gonzalez Ignacio | $156,543 | |
| Previous Owner | Mendoza Carlos | $86,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2020 04/03/20 | Sold | $550,000 | 0.0% | $212 / Sq Ft |
| 02/26/2020 02/26/20 | Pending | -- | -- | -- |
| 02/25/2020 02/25/20 | For Sale | $550,000 | -- | $212 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,718 | $12,096 | -- | -- |
| 2024 | $1,602 | $11,520 | -- | -- |
| 2023 | $1,602 | $48,510 | $9,700 | $38,810 |
| 2022 | $1,545 | $33,930 | $6,780 | $27,150 |
| 2021 | $1,533 | $28,110 | $5,620 | $22,490 |
| 2020 | $1,551 | $26,180 | $5,230 | $20,950 |
| 2019 | $1,549 | $19,160 | $3,830 | $15,330 |
| 2018 | $1,522 | $15,450 | $3,090 | $12,360 |
| 2017 | $1,487 | $14,070 | $2,810 | $11,260 |
| 2016 | $1,444 | $11,620 | $2,320 | $9,300 |
| 2015 | $1,336 | $11,110 | $2,220 | $8,890 |
Source: Public Records
Agents Affiliated with this Home
-
-
Chris Scott
Buyer's Agent in 2020
Chris Scott
HomeSmart
(602) 321-4163
2 in this area
58 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6041921
APN: 116-19-129
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.
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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