NOT LISTED FOR SALE

Estimated Value: $571,000 - $806,000

8 Beds
-- Bath
1,232 Sq Ft
$591/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $797,000 $647 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,008/month

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of March 2022

Very clean & well maintained 4 plex in the heart of the Garfield Historical District. Property is 100% occupied on leases with a unit mix of all 2bed/1bath units. Entire property was upgraded in 2018 from interior kitchens, doors, lighting, flooring, paint to exterior landscaping, parking lot replacement to paint. In 2021, seller had 2 new Carrier A/C units installed and replaced exterior stairs. We all know how difficult it is is to find clean properties in todays market, so if your buyers are looking for a property that is in fantastic condition, located in a great neighborhood, and has a solid rent roll, don't pass up this up, your client will be asking you why...Please don't walk property or disturb tenants

Last Agent to Sell the Property

Michael Hawkins

HomeSmart License #BR662696000 Listed on: 01/28/2022

HomeSmart

Last Buyer's Agent

Hannah Hammond

The Firm RE License #BR658731000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,361

Year Built

  • Built in 1983

Lot Details

  • 6,882

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 116-19-178

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 50 X 137
  • Wallace Tract Subdivision

Building Details

  • Operating Expense $1,361
  • Gross Income $48,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,361

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 16TH ST & ROOSEVELT
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2021
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Wallace Tract
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Siding, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 50 X 137
  • Additional Parcels: No
  • Parcel #: 116-19-178

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 48480.6
  • Annual Operating Expense: 1361.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1361.0
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Feb 24, 2022
Sold by
1510 E Pierce Street Llc
Bought by
Chi Chia and Belotti Michele
Seller's Agent
Michael Hawkins
HomeSmart
Buyer's Agent
Hannah Hammond
The Firm RE
List Price
$799,900
Sold Price
$797,000
Premium/Discount to List
-$2,900
-0.36%
Current Estimated Value
$740,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,139
Avg. Annual Appreciation
-2.35%
Original Mortgage
$597,750
Outstanding Balance
$553,909
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$173,794

Purchase Details

Closed on
Sep 3, 2020
Sold by
Hanging Curve Holdings Llc
Bought by
1510 E Pierce Street Llc

Purchase Details

Closed on
Nov 26, 2018
Sold by
1510 E Pierce Street Llc
Bought by
Mellen Douglas B and Mellen Amanda L

Purchase Details

Listed on
Jan 19, 2018
Closed on
Apr 4, 2018
Sold by
Hanging Curve Holdings Llc
Bought by
1510 E Pierce Street Llc
Seller's Agent
Michael Graham
eXp Realty
Buyer's Agent
Michael Hawkins
HomeSmart
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.22%
Original Mortgage
$221,250
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2018
Closed on
Feb 28, 2018
Sold by
Mellen Douglas B and Mellen Amanda L
Bought by
Mellen Douglas B and Mellen Amanda L
Seller's Agent
Michael Graham
eXp Realty
Buyer's Agent
Michael Hawkins
HomeSmart
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2018
Closed on
Feb 27, 2018
Sold by
Bozymowski Alex
Bought by
Mellen Douglas B and Mellen Amanda L
Seller's Agent
Michael Graham
eXp Realty
Buyer's Agent
Michael Hawkins
HomeSmart
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jul 9, 2014
Sold by
Sutyagin Igor and Lukyanchenko Alla
Bought by
Bozymowski Alex
Seller's Agent
Jim Hollenback
eXp Realty
Buyer's Agent
Michael Graham
eXp Realty
List Price
$159,900
Sold Price
$152,500
Premium/Discount to List
-$7,400
-4.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.12%
Original Mortgage
$114,375
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2012
Closed on
Dec 11, 2012
Sold by
Hofmann Rene and Hofmann Tracy
Bought by
Sutyagin Igor and Lukyancheko Alta
Seller's Agent
Eric Nielsen
My Home Group Real Estate
Buyer's Agent
Steven Armstead
HomeSmart
List Price
$102,000
Sold Price
$80,000
Premium/Discount to List
-$22,000
-21.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.84%

Purchase Details

Closed on
Nov 22, 2010
Sold by
Brandini Holdings Llc
Bought by
Hofmann Rene and Hofmann Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,250
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2010
Sold by
Nm Properties Llc
Bought by
Brandini Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2009
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Cotterkey Growth Fund Llc

Purchase Details

Closed on
Dec 21, 2007
Sold by
Mendoza Olga M
Bought by
Mendoza Carlos A

Purchase Details

Closed on
Jul 2, 2007
Sold by
Mendoza Carlos
Bought by
Ditat Deus Llc

Purchase Details

Closed on
Apr 23, 2007
Sold by
Mendoza Olga
Bought by
Mendoza Carlos

Purchase Details

Closed on
Jul 22, 2004
Sold by
Wenniger Daniel and Mendoza Carlos A
Bought by
Jcb Trinity Properties Llc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Wenniger Daniel
Bought by
Mendoza Carlos and Mendoza Olga

Purchase Details

Closed on
Jun 13, 2002
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Wenniger Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,098
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 7, 2002
Sold by
Dominguez Margareta Olivas
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
$40,098
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 2002
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Dominguez Margareta Olivas

Purchase Details

Closed on
Dec 20, 1999
Sold by
Cg Properties Inc
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
$89,600
Interest Rate
7.69%

Purchase Details

Closed on
Nov 2, 1994
Sold by
Craig Kevin P and Craig Susan M
Bought by
C G Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
8.91%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Chi Chia $797,000 New Title Company Name
1510 E Pierce Street Llc -- None Available
Mellen Douglas Brian -- None Available
Mellen Douglas B -- None Available
1510 E Pierce Street Llc -- None Available
Hanging Curve Holdings Llc -- None Available
Mellen Douglas B -- Grand Canyon Title Agency
Mellen Douglas B $295,000 Grand Canyon Title Agency
Bozymowski Alex $152,500 American Title Service Agenc
Sutyagin Igor $85,000 First American Title Ins Co
Hofmann Rene $79,000 Security Title Agency
Brandini Holdings Llc -- Security Title Agency
Cotterkey Growth Fund Llc $48,061 Accommodation
Cotterkey Growth Fund Llc $48,061 Accommodation
Mendoza Carlos A -- None Available
Ditat Deus Llc -- None Available
Mendoza Carlos -- None Available
Jcb Trinity Properties Llc $45,100 --
Mendoza Carlos -- --
Wenniger Daniel $140,000 Security Title Agency
Mendoza Carlos -- Security Title Agency
Dominguez Margareta Olivas -- --
Mendoza Carlos -- Fidelity National Title
C G Properties Inc $124,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chi Chia $597,750
Previous Owner Mellen Douglas B $221,250
Previous Owner Bozymowski Alex $114,375
Previous Owner Hofmann Rene $59,250
Previous Owner Brandini Holdings Llc $200,000
Previous Owner Wenniger Daniel $40,098
Previous Owner Mendoza Carlos $89,600
Previous Owner C G Properties Inc $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2022 03/04/22 Sold $797,000 -0.4% $647 / Sq Ft
01/19/2022 01/19/22 For Sale $799,900 +171.2% $649 / Sq Ft
02/28/2018 02/28/18 Sold $295,000 -1.3% $239 / Sq Ft View Prior Sale
01/19/2018 01/19/18 For Sale $299,000 +96.1% $243 / Sq Ft
07/24/2014 07/24/14 Sold $152,500 -4.6% $124 / Sq Ft View Prior Sale
06/18/2014 06/18/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $159,900 +99.9% $130 / Sq Ft
11/27/2012 11/27/12 Sold $80,000 -21.6% $65 / Sq Ft View Prior Sale
11/12/2012 11/12/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $102,000 -- $83 / 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 $1,525 $10,737 -- --
2024 $1,422 $10,226 -- --
2023 $1,422 $43,950 $8,790 $35,160
2022 $1,371 $30,550 $6,110 $24,440
2021 $1,361 $26,020 $5,200 $20,820
2020 $1,377 $24,830 $4,960 $19,870
2019 $1,375 $15,910 $3,180 $12,730
2018 $1,351 $13,700 $2,740 $10,960
2017 $1,320 $13,110 $2,620 $10,490
2016 $1,282 $10,730 $2,140 $8,590
2015 $1,186 $9,820 $1,960 $7,860
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6343866

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-19-178