$181,665
SOLD NOV 21, 2014
-- Bed
-- Bath
2,188 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

2% Above List Price

9 Days on Market

Highlights

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

About This Home

As of December 2015

Attention Investors!!!!! Priced well below current appraisal for a quick sale, this 13%+ CAP rate property is tenant ready now! Located within blocks of Phoenix college, easy I-17 & I-10 access and a quick light rail ride to downtown. Buyer to verify all measurements, zoning, financials and any item of concern prior to close of escrow. Seller requires leaseback of units through June 2015 at rent rates in listing.

Last Agent to Sell the Property

Jason Kush

J. P. Kush & Associates, LLC License #BR560009000 Listed on: 11/10/2014

Last Buyer's Agent

Jessie Collier

DeLex Realty License #SA505814000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,027

Year Built

  • Built in 1953

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 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
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 110-15-092

Community Details

Overview

  • 4 Units
  • Building Dimensions are 52 X 140, 8400 Sq ft

Building Details

  • Operating Expense $9,912
  • Net Operating Income $24,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,027

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 12th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2014
  • Directions: West of 12th Ave on Osborn, South side of street. Park in back as no parking on Osborn.
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Special Features: VirtualTour
  • 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, Appraisal
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • 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

Fee Information

  • Annual Fuel Expense: 830.0
  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 995.0

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: 52 X 140, 8400 Sq ft
  • Additional Parcels: No
  • Parcel #: 110-15-092

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 660.0
  • Insurance Expense: 1900.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 24960.0
  • Annual Operating Expense: 9912.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1027.0
  • Tax Book Number: 110.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Shields Arman T and Parks Sara
Bought by
Shields Arman T
Current Estimated Value
$674,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,630
Outstanding Balance
$599,849
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$115,484

Purchase Details

Closed on
Mar 13, 2019
Sold by
Shields Arman T
Bought by
Shields Arman T and Parks Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2015
Closed on
Nov 27, 2015
Sold by
Wowwee Llc
Bought by
Shields Arman T
Seller's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Arman Shields
My Home Group Real Estate
List Price
$216,000
Sold Price
$211,500
Premium/Discount to List
-$4,500
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%
Original Mortgage
$211,839
Interest Rate
3.71%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 10, 2014
Closed on
Nov 19, 2014
Sold by
Phoenix Theatre
Bought by
Wowwee Llc
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Jessie Collier
DeLex Realty
List Price
$178,000
Sold Price
$181,665
Premium/Discount to List
$3,665
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.91%

Purchase Details

Closed on
Dec 15, 2009
Sold by
Phoenix Theatre and Barnard Michael
Bought by
Phoenix Theatre

Purchase Details

Closed on
Dec 2, 2009
Sold by
U S Bank National Association
Bought by
Theatre Phoenix and Barnard Michael

Purchase Details

Closed on
Oct 26, 2009
Sold by
Hollenbeck James R
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 1, 2008
Sold by
Hollenback James R
Bought by
Us Bank National Association and Banc Of America Funding 2007 6 Trust

Purchase Details

Closed on
Mar 13, 2007
Sold by
Kate & Allies Property Llc
Bought by
Hollenbeck James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Kate & Allies Property Llc
Bought by
Bezuyen Glenn L and Bezuyen Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bezuyen Glen L and Bezuyen Patricia H
Bought by
Kate & Allies Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2004
Sold by
Kate & Allies Property Llc
Bought by
Bezuyen Glen L and Bezuyen Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 3, 2004
Sold by
Kalina Larry
Bought by
Kate & Allies Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 2002
Sold by
Goodwin Investments Inc
Bought by
Kalina Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2002
Sold by
Goodwin John M and Goodwin Maureen A
Bought by
Goodwin Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
6.87%

Purchase Details

Closed on
Jan 7, 1998
Sold by
Osmon Michael and Osmon Mike
Bought by
Goodwin John M and Goodwin Maureen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.95%

Purchase Details

Closed on
Nov 1, 1995
Sold by
Leedom Gary and Leedom Kitty
Bought by
Osmon William L and Osmon Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.47%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 -- Great American Ttl Agcy Inc
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed $207,000 Nextitle
Cash Sale Deed $181,655 Magnus Title Agency
Warranty Deed -- None Available
Cash Sale Deed $93,000 Great American Title Agency
Trustee Deed $95,000 Great American Title Agency
Trustee Deed $200,000 Great American Title Agency
Warranty Deed $304,000 Capital Title Agency Inc
Quit Claim Deed -- Tsa Title Agency
Quit Claim Deed -- Tsa Title Agency
Quit Claim Deed -- Tsa Title Agency
Trustee Deed $172,100 --
Warranty Deed $165,000 Capital Title Agency Inc
Quit Claim Deed -- Transnation Title Insurance
Quit Claim Deed -- Transnation Title Insurance
Deed $87,500 First American Title
Warranty Deed $65,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $653,630 New Conventional
Closed $287,000 New Conventional
Closed $211,839 FHA
Closed $211,839 FHA
Previous Owner $228,000 Purchase Money Mortgage
Previous Owner $228,000 Fannie Mae Freddie Mac
Previous Owner $161,600 Unknown
Previous Owner $154,000 Unknown
Previous Owner $132,000 New Conventional
Previous Owner $70,500 No Value Available
Previous Owner $70,000 No Value Available
Previous Owner $58,500 New Conventional
Closed $33,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2015 12/03/15 Sold $211,500 -2.1% $97 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $216,000 +18.9% $99 / Sq Ft
11/21/2014 11/21/14 Sold $181,665 +2.1% $83 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $178,000 -- $81 / 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 $1,441 $11,485 -- --
2024 $1,392 $10,938 -- --
2023 $1,392 $47,260 $9,450 $37,810
2022 $1,342 $32,380 $6,470 $25,910
2021 $1,369 $27,680 $5,530 $22,150
2020 $1,333 $22,570 $4,510 $18,060
2019 $1,275 $19,060 $3,810 $15,250
2018 $1,232 $14,760 $2,950 $11,810
2017 $1,128 $13,900 $2,780 $11,120
2016 $1,088 $12,080 $2,410 $9,670
2015 $1,012 $10,780 $2,150 $8,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5197972

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-092