NOT LISTED FOR SALE

Estimated Value: $272,221 - $560,000

Studio
-- Bath
1,080 Sq Ft
$335/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $215,000 $199 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,944/month

11 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Ceiling Fan

About This Home

As of February 2021

GREAT INVESTMENT OPPORTUNITY. Please do not disturb tenants. This complex is made up of 6 units. The seller would love to sell them
all as one but here are the details on just this duplex. Each unit is appx 600sqft 2 bedrooms and one bath with a full kitchen and living room. A/C units were
installed on each unit in 2016 and the interiors have been completely remodeled, plumbing, electrical and roof are updated.

Last Agent to Sell the Property

Fred Delgado

Keller Williams, Professional Partners License #SA578542000 Listed on: 11/14/2020

Last Buyer's Agent

Fred Delgado

TruCORE Agency License #SA578542000

TruCORE Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $607

Year Built

  • Built in 1949

Lot Details

  • 6,142

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

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

Schools

  • Larkspur Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 8 / 12
  • Assessor Parcel Number 159-20-056

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6158
  • Las Bonitas Alturas Subdivision

Building Details

  • Operating Expense $4,931
  • Gross Income $19,000
  • Net Operating Income $14,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$607

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd and Cactus Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1344.0
  • Subdivision Name: LAS BONITAS ALTURAS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • 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
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1100.0

Schools

  • Elementary School: Larkspur Elementary School
  • High School: Shadow Mountain High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Lot Size: 6158
  • Additional Parcels: Yes
  • Parcel #: 159-20-056

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 19000.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 720.0
  • Property Net Operating Income: 14376.0
  • Annual Operating Expense: 4931.0

Tax Info

  • Tax Annual Amount: 607.0
  • Tax Block: 12
  • Tax Book Number: 159.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2020
Closed on
Feb 11, 2021
Sold by
Ambrose Robert D
Bought by
Horn James and Horn Dawn
Seller's Agent
Fred Delgado
Keller Williams, Professional Partners
Buyer's Agent
Fred Delgado
TruCORE Agency
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$361,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,305
Avg. Annual Appreciation
11.25%
Original Mortgage
$17,000
Outstanding Balance
$15,165
Interest Rate
2.81%
Mortgage Type
New Conventional
Estimated Equity
$346,140

Purchase Details

Closed on
Dec 1, 2017
Sold by
Home Team Investors Llc
Bought by
Ambrose Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2015
Sold by
Barnett Shelly
Bought by
Home Team Investors Llc

Purchase Details

Closed on
Mar 31, 2015
Sold by
Barnett Brendan
Bought by
Barnett Shelly

Purchase Details

Closed on
Oct 26, 2011
Sold by
Bank Of America Na
Bought by
Barnett Brendan and Barnett Shelly

Purchase Details

Closed on
May 28, 2010
Sold by
Boeck Kimberly
Bought by
Bank Of America Na

Purchase Details

Closed on
Aug 26, 2006
Sold by
Dickens Jack
Bought by
Dickens Jack and Jack Dickens Revocable Trust

Purchase Details

Closed on
Aug 26, 1997
Sold by
Dickens Jack and Dickens Diana
Bought by
Dickens Jack and Dickens Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.43%

Purchase Details

Closed on
Feb 21, 1979
Sold by
Goodman James B and Goodman Christine A
Bought by
Investors Investment Company #2

Purchase Details

Closed on
Aug 22, 1977
Sold by
Lynch William B and Lynch Dolores M
Bought by
Goodman James B and Goodman Christine A
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
Horn James $215,000 Old Republic Title Agency
Ambrose Robert D $185,000 Fidelity National Title Agen
Home Team Investors Llc $210,000 Chicago Title Agency Inc
Barnett Shelly -- None Available
Barnett Shelly -- None Available
Barnett Brendan $11,700 Guaranty Title Agency
Bank Of America Na $145,296 None Available
Dickens Jack -- None Available
Dickens Jack -- Transnation Title Ins Co
Investors Investment Company #2 -- Old Republic Title Agency
Goodman James B -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horn James $17,000
Open Horn James $161,250
Previous Owner Ambrose Robert D $138,750
Previous Owner Dickens Jack $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2021 02/23/21 Sold $215,000 0.0% $199 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/14/2020 11/14/20 Pending -- -- --
11/14/2020 11/14/20 For Sale $215,000 -- $199 / 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 $661 $6,471 -- --
2024 $631 $6,163 -- --
2023 $631 $16,120 $3,340 $12,780
2022 $624 $11,240 $2,330 $8,910
2021 $626 $10,270 $2,130 $8,140
2020 $607 $9,320 $1,930 $7,390
2019 $608 $7,430 $1,540 $5,890
2018 $588 $6,300 $1,300 $5,000
2017 $456 $6,260 $1,250 $5,010
2016 $448 $5,660 $1,130 $4,530
2015 $415 $4,700 $940 $3,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6164843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-20-056