NOT LISTED FOR SALE

Estimated Value: $536,000 - $756,000

Studio
-- Bath
2,388 Sq Ft
$278/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $150,000 $63 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $3,560/month

93 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of February 2016

Income producing investor opportunity here! EASY TO RENT!!Great Location centrally located near light rail, freeways, etc. 4-1 bedroom units all rented with tenants in place. Excellent maintained with newer AC's, fresh paint and carpet when units get turned. I cant stress enough how well maintained these units have been. These units also have working evap as well and heat. tenants pay their own electric, phone and cable. landlord pays one sewer bill for all units. plenty of parking space on the street.

Last Agent to Sell the Property

Kelley Norton

eXp Realty License #BR530435000 Listed on: 10/26/2015

eXp Realty

Last Buyer's Agent

Brooke Castaneda

HomeSmart License #SA554964000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,026

Year Built

  • Built in 1956

Lot Details

  • 7,710

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Evaporated cooling system
  • Central Air
  • Heat Pump System

Community Details

  • 4 Units
  • Building Dimensions are 7727

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 117-19-106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,026

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 16TH ST & MCDOWELL
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1956
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Evaporative Cooling
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Lot Info

  • Lot Size: 7727
  • Additional Parcels: No
  • Parcel #: 117-19-106

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1026.0
  • Tax Book Number: 117.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2021
Sold by
Cas Az Neda Llc
Bought by
Harvard Place 2 Llc
Current Estimated Value
$664,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$339,120
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$325,227

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jan 27, 2016
Sold by
Phase Two Holdings Llc
Bought by
Cas Az Neda Llc
Seller's Agent
Kelley Norton
eXp Realty
Buyer's Agent
Brooke Castaneda
HomeSmart
List Price
$189,900
Sold Price
$150,000
Premium/Discount to List
-$39,900
-21.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.06%

Purchase Details

Closed on
May 15, 2008
Sold by
Liquidation Properties Inc
Bought by
Phase Two Holdings Llc

Purchase Details

Closed on
Dec 6, 2007
Sold by
Alba Marcelo
Bought by
Liquidation Properties Inc

Purchase Details

Closed on
Oct 26, 2001
Sold by
Najera Nestor and Romero Celfa Leyva
Bought by
Alba Marcelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,837
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1999
Sold by
Salgado Bertina and Salgado Melesio
Bought by
Najera Nestor and Romero Celfa Leyva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,084
Interest Rate
7.2%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 1998
Sold by
Del Oro Conservatory For The Classical A
Bought by
Salgado Bertina and Salgado Melesio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
10.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1998
Sold by
Medina Ramos R and Vargas Medina Maruja
Bought by
Del Oro Conservatory For The Classical A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
10.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 1997
Sold by
Mercado Alma
Bought by
Mercado Hector R

Purchase Details

Closed on
Feb 12, 1996
Sold by
Stewart Rodney T and Stewart Lissa
Bought by
Medina Ramos R and Vargas Medina Maruja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,125
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 1995
Sold by
H B Properties
Bought by
Stewart Rodney T and Stewart Lissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
8.9%
Mortgage Type
New Conventional
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
Harvard Place 2 Llc $500,000 Commonwealth Land Ttl Ins Co
Cas Az Neda Llc $150,000 First American Title Ins Co
Phase Two Holdings Llc $134,900 Servicelink
Liquidation Properties Inc $180,000 None Available
Alba Marcelo $140,000 American Title Insurance
Najera Nestor $112,000 Fidelity Title
Salgado Bertina $84,000 Arizona Title Agency
Del Oro Conservatory For The Classical A $84,000 Grand Canyon Title Agency In
Mercado Hector R -- Old Republic Title Agency
Medina Ramos R $69,500 Grand Canyon Title Agency In
Stewart Rodney T $6,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvard Place 2 Llc $375,000
Previous Owner Alba Marcelo $137,837
Previous Owner Najera Nestor $111,084
Previous Owner Salgado Bertina $75,600
Previous Owner Medina Ramos R $52,125
Previous Owner Stewart Rodney T $24,000
Closed Medina Ramos R $10,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2016 02/01/16 Sold $150,000 -21.0% $63 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $189,900 -- $80 / 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 $1,323 $9,317 -- --
2024 $1,234 $8,873 -- --
2023 $1,234 $61,130 $12,220 $48,910
2022 $1,190 $37,380 $7,470 $29,910
2021 $1,181 $29,560 $5,910 $23,650
2020 $1,195 $21,450 $4,290 $17,160
2019 $1,193 $17,310 $3,460 $13,850
2018 $1,172 $13,630 $2,720 $10,910
2017 $1,145 $13,680 $2,730 $10,950
2016 $1,112 $11,330 $2,260 $9,070
2015 $1,029 $9,770 $1,950 $7,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5353794

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-19-106