NOT LISTED FOR SALE

Estimated Value: $269,000 - $397,036

2 Beds
1 Bath
704 Sq Ft
$505/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $400,000 $568 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,883/month

54 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • 4-minute walk to Ninos Mini Park

About This Home

As of April 2022

Back on Market. Inspected well AND Appraised over list! Buyer qualification fell through week of closing. Rare opportunity! Minutes from downtown. Good Cash Flow! This property includes 2 homes, 2 separate buildings plus storage. Each 2/1 units. Back unit has been remodeled. New drywall, new cooling unit, new paint and bathroom remodel. Both units can be leased for $1,200 each MINIMUM, units on separate meters. Water can be separate by reading the meter. Opportunity for addition or add on check zonings and city permit requirements. Buyer to verify all facts and figures. Must schedule 24 hours before showings.

Last Agent to Sell the Property

Kehaulani Smith

RETSY License #SA661448000 Listed on: 01/06/2022

RETSY

Last Buyer's Agent

Nicole Doty

Zion Realty, LLC License #BR516107000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $353

Year Built

  • Built in 1950

Lot Details

  • 6,447

Home Design

  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Schools

  • Mary Mcleod Bethune Elementary School
  • Phoenix Coding Academy Middle School
  • Phoenix Union Bioscience High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • The owner pays for landscaping
  • Legal Lot and Block 9 / 2
  • Assessor Parcel Number 112-14-090

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 50' x 129'
  • Steve Rayburn Subdivision

Building Details

  • Operating Expense $1,133
  • Net Operating Income $2,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$353

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Buckeye Road & 15th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: STEVE RAYBURN SUBDIVISION
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • 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

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Mary Mcleod Bethune School
  • High School: Phoenix Union Bioscience High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: 50' x 129'
  • Additional Parcels: No
  • Parcel #: 112-14-090

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Gas, Electricity, Water
  • Number Of Units Total: 2
  • Insurance Expense: 780.0
  • Property Net Operating Income: 2433.0
  • Annual Operating Expense: 1133.0

Tax Info

  • Tax Annual Amount: 353.0
  • Tax Block: 2
  • Tax Book Number: 112.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2022
Closed on
Apr 1, 2022
Sold by
Stock and Hadley
Bought by
Heath Stephanie J
Seller's Agent
Kehaulani Smith
RETSY
Buyer's Agent
Nicole Doty
Zion Realty, LLC
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%
Current Estimated Value
$355,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,241
Avg. Annual Appreciation
-3.04%
Original Mortgage
$392,755
Outstanding Balance
$370,512
Interest Rate
4.67%
Mortgage Type
FHA
Estimated Equity
-$14,753

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 24, 2020
Sold by
Abayev Radomas
Bought by
Stock Cody and Stock Hadley
Seller's Agent
Lauren Hensley
My Home Group Real Estate
Buyer's Agent
Kehaulani Smith
RETSY
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-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
23.56%
Original Mortgage
$284,747
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 25, 2019
Sold by
Cheatham Leonard P and Cheatham Marcia I
Bought by
Abayev Radomes
Seller's Agent
Brad Turk
Shawn Bellamak Realty
Buyer's Agent
Lauren Hensley
My Home Group Real Estate
List Price
$184,900
Sold Price
$184,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.00%
Original Mortgage
$138,675
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2009
Sold by
Garcia Esteban
Bought by
Cheatham Ronald C and Ronald Cheatham Living Trust

Purchase Details

Closed on
Jun 20, 2008
Sold by
Garcia Esteban
Bought by
Carmona Clemencia Magallon

Purchase Details

Closed on
Nov 10, 2006
Sold by
Cheatham Ronald C and Cheatham Leonard P
Bought by
Garcia Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 29, 1995
Sold by
Cheatham Lawrence P and Cheatham Jacque A
Bought by
Cheatham Ronald C and Cheatham Leonard P
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
Heath Stephanie J $400,000 Chicago Title
Stock Cody $290,000 First Arizona Title Agency
Abayev Radomes $184,900 Empire West Title Agency Llc
Cheatham Ronald C $155,590 Stewart Title & Trust Of Pho
Carmona Clemencia Magallon -- None Available
Carmona Clemencia Magallon -- None Available
Garcia Esteban $155,000 Stewart Title & Trust Of Pho
Cheatham Ronald C -- --
Cheatham Lawrence P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heath Stephanie J $392,755
Previous Owner Stock Cody $284,747
Previous Owner Abayev Radomes $138,675
Previous Owner Garcia Esteban $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2022 04/07/22 Sold $400,000 +0.3% $568 / Sq Ft
01/06/2022 01/06/22 For Sale $399,000 +37.6% $567 / Sq Ft
10/01/2020 10/01/20 Sold $290,000 -3.0% $412 / Sq Ft View Prior Sale
08/19/2020 08/19/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $299,000 +61.7% $425 / Sq Ft
08/22/2019 08/22/19 Sold $184,900 0.0% $123 / Sq Ft View Prior Sale
06/10/2019 06/10/19 For Sale $184,900 -- $123 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $395 $3,126 -- --
2024 $367 $2,977 -- --
2023 $367 $20,560 $4,110 $16,450
2022 $353 $11,450 $2,290 $9,160
2021 $353 $12,270 $2,450 $9,820
2020 $401 $9,850 $1,970 $7,880
2019 $400 $6,960 $1,390 $5,570
2018 $393 $6,160 $1,230 $4,930
2017 $384 $4,580 $910 $3,670
2016 $373 $4,270 $850 $3,420
2015 $345 $3,220 $640 $2,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6338594

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-14-090