$180,000
SOLD DEC 19, 2013
-- Bed
-- Bath
2,575 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

20% Below List Price

145 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of December 2013

HOLY COW!! BRAND NEW ROOF, and extensive remodeling just completed... 100% OCCUPANCY thru Spring 2014. 6% CAP RATE!!! ...Great Triplex in a fabulous location, 1.5 miles to ASU, near Tempe Town Lake, and freeway access.... PLEASE DO NOT DISTURB TENANTS!! Inspection with Accepted Contract Only. Want to Buy 3 more? Check out the units next door...See also MLS#4953627

Last Agent to Sell the Property

John Sposato

Keller Williams Realty Sonoran Living License #SA100302000 Listed on: 06/17/2013

Keller Williams Realty Sonoran Living

Co-Listed By

Melanie Didier

Realty ONE Group License #SA639157000

Last Buyer's Agent

John Sposato

Keller Williams Realty Sonoran Living License #SA100302000 Listed on: 06/17/2013

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1965

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 325 / 1038
  • Assessor Parcel Number 124-72-147-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr
  • Lindon Park Subdivision

Building Details

  • Operating Expense $6,006
  • Net Operating Income $12,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,385

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: Priest and University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2012
  • Directions: West on University, north on Albert, west on 7th Place
  • Road Surface Type: Concrete
  • Professional Management Expense: 1251.0
  • Co List Office Mls Id: reex02
  • Co List Office Phone: 480-355-3500
  • Subdivision Name: Lindon Park
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1700.0

Lot Info

  • Lot Size: Irr
  • Additional Parcels: Yes
  • Parcel #: 124-72-147-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Insurance Expense: 670.0
  • Property Net Operating Income: 12350.0
  • Annual Operating Expense: 6006.0
  • Vacancy Allowance Rate: 1700.0

Tax Info

  • Tax Annual Amount: 1385.0
  • Tax Block: 1038
  • Tax Book Number: 124.00
  • Tax Lot: 325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2014
Closed on
Feb 10, 2015
Sold by
Le Giang Ngoc and Dong Tiffany Tuyen
Bought by
Le Giang Ngoc and Livin Tiffany Tuyen Dong
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Kathleen Matteson
Keller Williams Arizona Realty
Sold Price
$700
Current Estimated Value
$628,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$628,082

Purchase Details

Listed on
Jun 17, 2013
Closed on
Dec 16, 2013
Sold by
Czirp3 Llc
Bought by
Dong Tiffany Tuyen and Le Giang Ngoc
Seller's Agent
John Sposato
Keller Williams Realty Sonoran Living
Buyer's Agent
John Sposato
Keller Williams Realty Sonoran Living
List Price
$225,000
Sold Price
$180,000
Premium/Discount to List
-$45,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$100,000
Outstanding Balance
$75,637
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$586,190

Purchase Details

Closed on
Jun 25, 2003
Sold by
Zoldos Jozef and Zoldos Kathleen
Bought by
Czirp3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2003
Sold by
Hauger Richard A and Hauger Joann M
Bought by
Zoldos Josef and Zoldos Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $180,000 Security Title Agency
Warranty Deed -- --
Joint Tenancy Deed $200,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Previous Owner $160,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2015 02/13/15 Rented $700 -6.7% --
02/11/2015 02/11/15 Under Contract -- -- --
11/13/2014 11/13/14 For Rent $750 +15.4% --
06/23/2014 06/23/14 Rented $650 0.0% --
06/20/2014 06/20/14 Under Contract -- -- --
06/17/2014 06/17/14 For Rent $650 0.0% --
12/19/2013 12/19/13 Sold $180,000 -20.0% $70 / Sq Ft
11/09/2013 11/09/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $225,000 -- $87 / 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 $2,205 $19,686 -- --
2024 $2,179 $18,749 -- --
2023 $2,179 $61,460 $12,290 $49,170
2022 $2,090 $49,260 $9,850 $39,410
2021 $2,104 $42,350 $8,470 $33,880
2020 $2,040 $38,160 $7,630 $30,530
2019 $2,002 $31,660 $6,330 $25,330
2018 $1,952 $23,600 $4,720 $18,880
2017 $1,894 $21,930 $4,380 $17,550
2016 $1,881 $20,510 $4,100 $16,410
2015 $1,806 $20,180 $4,030 $16,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4953595

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-72-147A