NOT LISTED FOR SALE

Estimated Value: $466,812 - $811,000

Studio
-- Bath
3,580 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 29, 2015

Last sale price $229,000 $64 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $3,602/month

152 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Paradise Valley High School Rated A

About This Home

As of September 2015

All two bedroom/two bath units with washer/dryer hookups and covered parking and Brick Construction! Attractive building with desert landscaping. You wont find anything better with this price and cap rate. CLEAN AND READY TO BE SOLD. WITH A 11.93% CAP RATE THIS WILL GO QUICK.

Last Agent to Sell the Property

Mike Darmo

American Realty Brokers License #SA576846000 Listed on: 03/26/2015

American Realty Brokers

Last Buyer's Agent

Russell Hickman

AZ Brokerage Holdings, LLC License #SA530070000

AZ Brokerage Holdings, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1983

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 214-38-003-S

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $4,947
  • Net Operating Income $28,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,047

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 32nd Street/Greenway Pkwy
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: S
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Brick
  • Roof: See Remarks, Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Electric
  • 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

Fee Information

  • Annual Water Sewer Expense: 2900.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-38-003-S

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 28621.0
  • Annual Operating Expense: 4947.0

Tax Info

  • Tax Annual Amount: 1047.0
  • Tax Book Number: 214.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2020
Sold by
Reitler Matthew and Reitler Stephanie J
Bought by
Reitler Real Estate Llc
Current Estimated Value
$658,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Outstanding Balance
$214,700
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$443,753

Purchase Details

Closed on
Jan 14, 2020
Sold by
Reitler Real Estate Llc
Bought by
Reitler Matthew and Reitler Stephanie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Outstanding Balance
$214,700
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$443,753

Purchase Details

Closed on
Nov 16, 2018
Sold by
Reitler Matthew and Reitler Stephanie J
Bought by
Reitler Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,800
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2018
Sold by
Reitler Real Estate Llc
Bought by
Reitler Matthew and Reitler Stephanie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,800
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 26, 2015
Closed on
Nov 11, 2015
Sold by
Reitler Fred
Bought by
Reitler Real Estate Llc
Seller's Agent
Mike Darmo
American Realty Brokers
Buyer's Agent
Russell Hickman
AZ Brokerage Holdings, LLC
List Price
$229,990
Sold Price
$229,000
Premium/Discount to List
-$990
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%
Original Mortgage
$77,195
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 26, 2015
Closed on
Sep 25, 2015
Sold by
Yousif Yousif and Yousif Madlen
Bought by
Reitler Fred
Seller's Agent
Mike Darmo
American Realty Brokers
Buyer's Agent
Russell Hickman
AZ Brokerage Holdings, LLC
List Price
$229,990
Sold Price
$229,000
Premium/Discount to List
-$990
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,195
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 26, 2015
Closed on
Sep 23, 2015
Sold by
Reitler Sally M
Bought by
Reitler Fred
Seller's Agent
Mike Darmo
American Realty Brokers
Buyer's Agent
Russell Hickman
AZ Brokerage Holdings, LLC
List Price
$229,990
Sold Price
$229,000
Premium/Discount to List
-$990
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,195
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2004
Sold by
Gewarges Gewarges Z Z and Gewarges Janete I
Bought by
Yousif Yousif and Yousif Madlen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2001
Sold by
Madarasz George and Madarasz Deborah Anderson Green
Bought by
Gewarges Gewarges Z Z and Gewarges Janete I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.21%
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
Reitler Real Estate Llc -- None Available
Reitler Matthew -- Empire West Title Agency Llc
Reitler Real Estate Llc -- None Available
Reitler Matthew -- Empire West Title Agency Llc
Reitler Real Estate Llc -- None Available
Reitler Fred $229,000 Empire West Title Agency
Reitler Fred -- Empire West Title Agency
Yousif Yousif $260,000 Capital Title Agency Inc
Gewarges Gewarges Z Z $201,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reitler Matthew $243,000
Previous Owner Reitler Matthew $233,800
Previous Owner Reitler Real Estate Llc $77,195
Previous Owner Reitler Fred $157,500
Previous Owner Yousif Yousif $208,000
Previous Owner Gewarges Gewarges Z Z $150,000
Closed Yousif Yousif $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2015 09/29/15 Sold $229,000 -0.4% $64 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $229,990 -- $64 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,299 $12,708 -- --
2024 $1,239 $12,103 -- --
2023 $1,239 $41,370 $8,270 $33,100
2022 $1,226 $28,120 $5,620 $22,500
2021 $1,230 $24,570 $4,910 $19,660
2020 $1,192 $21,630 $4,320 $17,310
2019 $1,193 $18,550 $3,710 $14,840
2018 $1,154 $17,820 $3,560 $14,260
2017 $1,106 $14,630 $2,920 $11,710
2016 $1,088 $17,520 $3,500 $14,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5255991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-38-003S