NOT LISTED FOR SALE

Estimated Value: $525,000 - $818,000

Studio
-- Bath
2,418 Sq Ft
$305/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2018

Last sale price $280,000 $116 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $4,152 / mo

1 Day on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2018

Awesome Investment Opportunity. Priced to Sell. 3 unit Property. Identical Units. Each 2 bedrooms, 1 baths 776sf each. 1 Covered Parking Space per Unit in Rear. 2 Units currently rented. This is a great cash flow property. Live in 1 unit and continue renting the others or rent all 3 units. Great Central Phoenix area close to great schools, public transportation Downtown Phoenix, Airport, and main freeways.

Last Agent to Sell the Property

Denise Adame

eXp Realty License #BR623635000 Listed on: 11/01/2018

eXp Realty

Last Buyer's Agent

Unknown Agent

Diamondback Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,171

Year Built

  • Built in 1952

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 4 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Encanto Elementary School
  • Clarendon Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 110-27-009

Community Details

Overview

  • 3 Units
  • Building Dimensions are 61 X 128 , 7800 Sq Ft
  • College Homes Subdivision

Building Details

  • Operating Expense $7,791
  • Gross Income $25,650
  • Net Operating Income $25,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,171

Year Built

Built in 1952

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Cross Street: 15th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2017
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: College Homes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Clarendon School

Lot Info

  • Lot Size: 61 X 128 , 7800 Sq Ft
  • Additional Parcels: No
  • Parcel #: 110-27-009

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 25650.0
  • Insurance Expense: 1900.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 25020.0
  • Annual Operating Expense: 7791.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1171.0
  • Tax Book Number: 110.00
  • Tax Lot: 9

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Bought by
Current Estimated Value
$738,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$433,536
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$304,487

Purchase Details

Closed on
Aug 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.25%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 1, 2018
Closed on
Nov 13, 2018
Sold by
Bought by
Seller's Agent
Denise Adame
eXp Realty
Buyer's Agent
Denise Adame
eXp Realty
List Price
$259,000
Sold Price
$280,000
Premium/Discount to List
$21,000
8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$224,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2014
Closed on
Dec 15, 2014
Sold by
Bought by
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Sean Elton
HomeSmart
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%
Original Mortgage
$123,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2012
Closed on
Dec 26, 2012
Sold by
Bought by
Seller's Agent
Leslie Dockter
Infill Realty Services
Buyer's Agent
Mario Romero
The Melcher Agency
List Price
$119,000
Sold Price
$118,000
Premium/Discount to List
-$1,000
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.45%

Purchase Details

Listed on
Dec 10, 2012
Closed on
Oct 31, 2012
Sold by
Bought by
Seller's Agent
Leslie Dockter
Infill Realty Services
Buyer's Agent
Mario Romero
The Melcher Agency
List Price
$119,000
Sold Price
$118,000
Premium/Discount to List
-$1,000
-0.84%

Purchase Details

Closed on
Mar 7, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2001
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$660,000 Commonwealth Land Ttl Ins Co
-- Commonwealth Land Ttl Ins Co
-- None Available
$280,000 Driggs Title Agency Inc
$165,000 Magnus Title Agency
$109,000 Security Title Agency
-- None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $495,000
Previous Owner $337,500
Previous Owner $69,998
Previous Owner $224,000
Previous Owner $123,750
Previous Owner $165,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2018 11/30/18 Sold $280,000 +8.1% $116 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $259,000 +57.0% $107 / Sq Ft
12/19/2014 12/19/14 Sold $165,000 -8.3% $68 / Sq Ft View Prior Sale
11/24/2014 11/24/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $180,000 +52.5% $74 / Sq Ft
12/27/2012 12/27/12 Sold $118,000 -0.8% $49 / Sq Ft View Prior Sale
12/18/2012 12/18/12 Pending -- -- --
12/10/2012 12/10/12 For Sale $119,000 -- $49 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,569 $12,079
2024 $1,464 $11,504
2023 $1,464 $54,110 $10,820 $43,290
2022 $1,394 $34,580 $6,910 $27,670
2021 $1,423 $24,720 $4,940 $19,780
2020 $1,386 $23,200 $4,640 $18,560
2019 $1,324 $19,680 $3,930 $15,750
2018 $1,279 $18,980 $3,790 $15,190
2017 $1,171 $14,360 $2,870 $11,490
2016 $1,129 $13,280 $2,650 $10,630
2015 $1,050 $11,480 $2,290 $9,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5841146

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-009

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