NOT LISTED FOR SALE

Estimated Value: $364,000 - $524,000

5 Beds
1 Bath
1,320 Sq Ft
$325/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $190,000 $144 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $2,424/month

16 Days on Market

Highlights

  • Multiple cooling system units
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of September 2016

Don't miss out on this incredible opportunity that doesn't come around very often. This property is currently being rented out as a Triplex - 3 separate units or you can rent this house out as a 3 Bedroom 2 Bath with a detached 2 Bedroom 1 Bath guest house! Property also has a basement, storage shed, 3 full kitchens, 2 laundry areas New HVAC installation June 2013 ''Energize City of Phoenix Program'' and so much more! Multiple opportunities here! And...it gets even better! This property is located in the Garfield Historic District. This neighborhood if your not familiar provides a sampling of architectural styles from the earliest vernacular homes in Phoenix. Highly sought after area! Consider Purchasing this property to live in or rent it out! Great opportunity either way you look

Last Agent to Sell the Property

Kelly McCormack

West USA Realty License #SA529500000 Listed on: 07/30/2016

West USA Realty

Last Buyer's Agent

Jennifer Runyon

Jennifer M Runyon License #BR652484000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $708

Year Built

  • Built in 1936

Lot Details

  • 6,926

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 11 Parking Spaces
  • 1 Covered Space
  • Assigned Parking

Schools

  • Garfield Elementary And Middle School
  • North High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 116-19-069

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6928
  • Garfield Place Subdivision

Building Details

  • Operating Expense $2,363
  • Gross Income $1,200
  • Net Operating Income $16,345

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$708

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 2
  • Year Built: 1936
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: GARFIELD PLACE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 11.0
  • Garage Details: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Heat Pump, Electric, Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Garfield School

Lot Info

  • Lot Size: 6928
  • Additional Parcels: No
  • Parcel #: 116-19-069

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 1200.0
  • Insurance Expense: 455.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 16345.0
  • Annual Operating Expense: 2363.0
  • Vacancy Allowance Rate: 0.2

Tax Info

  • Tax Annual Amount: 708.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Hc Real Estate Llc
Bought by
Mexia Denisse
Current Estimated Value
$428,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,150
Outstanding Balance
$241,429
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$187,479

Purchase Details

Listed on
Jul 30, 2016
Closed on
Sep 2, 2016
Sold by
Duromax Llc
Bought by
Hc Real Estate Llc
Seller's Agent
Kelly McCormack
West USA Realty
Buyer's Agent
Jennifer Runyon
Jennifer M Runyon
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$190,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2013
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
$35,750
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2011
Sold by
Fannie Mae
Bought by
Musa Duro

Purchase Details

Closed on
Jan 19, 2010
Sold by
Salazar Gregoria
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 17, 2007
Sold by
Aguirre Francisco and Aguirre Margarita
Bought by
Salazar Gregorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Aguirre Carlos F and Santiesteban Isela
Bought by
Aguirre Francisco and Aguirre Margarita

Purchase Details

Closed on
Jan 17, 1995
Sold by
Cowan James A
Bought by
Aguirre Carlos F and Santiesteban Isela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back
Source: Public Records
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
Mexia Denisse $257,000 Pioneer Title
Hc Real Estate Llc $190,000 Grand Canyon Title Agency
Duromax Llc -- Pioneer Title Agency Inc
Musa Duro $23,500 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $198,891 None Available
Salazar Gregorio $215,000 Camelback Title Agency Llc
Aguirre Francisco -- --
Aguirre Carlos F $50,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mexia Denisse $244,150
Previous Owner Hc Real Estate Llc $190,000
Previous Owner Duromax Llc $35,750
Previous Owner Salazar Gregorio $215,000
Previous Owner Aguirre Carlos F $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2016 09/02/16 Sold $190,000 -9.5% $144 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
08/12/2016 08/12/16 Price Changed $209,900 -6.7% $159 / Sq Ft
07/30/2016 07/30/16 For Sale $225,000 -- $170 / 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 $2,368 $18,728 -- --
2024 $2,480 $17,836 -- --
2023 $2,480 $37,570 $7,510 $30,060
2022 $2,392 $31,130 $6,220 $24,910
2021 $2,374 $27,120 $5,420 $21,700
2020 $2,402 $25,000 $5,000 $20,000
2019 $2,397 $19,410 $3,880 $15,530
2018 $807 $14,780 $2,950 $11,830
2017 $788 $11,500 $2,300 $9,200
2016 $765 $10,080 $2,010 $8,070
2015 $708 $7,720 $1,540 $6,180
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5477333

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-19-069