NOT LISTED FOR SALE

Estimated Value: $284,000 - $1,062,000

Studio
14 Baths
-- Sq Ft
0.33 Acres

Last Sold July 01, 2019

Last sale price $610,000

Est. 22% increase in value since last sale

Current estimated payment $4,006/month

156 Days on Market

About This Home

As of July 2019

Centrally located in east Sunnyslope and facing the Phoenix Mountains Preserve, this 7 unit consists of 3 Duplexes and a Single-family home on one parcel. All Duplex units are 2 bed / 1 bath and the Single-family home is 2 bed / 2 bath with a two-stall garage. Rents can be raised significantly with a few unit upgrades. Please contact Listing Agent with any questions. Do not disturb tenants as they are unaware the property is for sale.

Last Agent to Sell the Property

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 11/05/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,514

Year Built

  • Built in 1987

Lot Details

  • 0.33

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 4
  • Assessor Parcel Number 159-22-034-D

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 14,257 Sqft.
  • Harmony Acres Subdivision

Building Details

  • Operating Expense $17,306
  • Gross Income $56,020
  • Net Operating Income $38,713

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,514

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road & Sahuaro Drive
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [M-M] MULTI-FAM
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4717.0
  • Subdivision Name: HARMONY ACRES
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Brick Veneer, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Trash Expense: 1080.0
  • Annual Water Sewer Expense: 3960.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 14,257 Sqft.
  • Additional Parcels: No
  • Parcel #: 159-22-034-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 56019.6
  • Insurance Expense: 1925.0
  • Maintenance Expense: 3150.0
  • Property Net Operating Income: 38713.0
  • Annual Operating Expense: 17306.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1514.0
  • Tax Block: 4
  • Tax Book Number: 159.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2018
Closed on
Jun 25, 2019
Sold by
Mimmiusa Llc
Bought by
Livin Hanshaw Lary P and Livin Lary P Hanshaw Revocable
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$630,000
Sold Price
$610,000
Premium/Discount to List
-$20,000
-3.17%
Current Estimated Value
$743,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,335
Avg. Annual Appreciation
3.05%
Original Mortgage
$413,000
Outstanding Balance
$184,119
Interest Rate
5.22%
Mortgage Type
Commercial
Estimated Equity
$559,216

Purchase Details

Listed on
Jan 7, 2016
Closed on
Jun 29, 2016
Sold by
Nomura Stanley T and Jung Nomura Jin Hee
Bought by
Mimmiusa Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$350,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2005
Sold by
Nomura Stan
Bought by
Hee Nomura Stan and Hee Jing Nomura Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2005
Sold by
Pedersen Mary
Bought by
Nomura Stan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2003
Sold by
S N Kolby Enterprises
Bought by
Pedersen Mary

Purchase Details

Closed on
Dec 3, 2002
Sold by
S N Kolby Enterprises
Bought by
S N Kolby Enterprises

Purchase Details

Closed on
Jun 20, 1997
Sold by
Nika Kolby Stanley and Nika Kolby
Bought by
S N Kolby Enterprises

Purchase Details

Closed on
Sep 16, 1996
Sold by
Kolby Stanley and Kolby Nika
Bought by
S N Kolby Enterprises

Purchase Details

Closed on
Jul 19, 1995
Sold by
Lord Donna
Bought by
Nika Kolby Stanley and Nika Kolby
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
Livin Hanshaw Lary P $610,000 Pioneer Title Agency Inc
Mimmiusa Llc $495,000 Chicago Title Agency Inc
Hee Nomura Stan -- Fidelity National Title
Nomura Stan -- Fidelity National Title
Nomura Stan $565,000 Fidelity National Title
Pedersen Mary $393,000 Security Title Agency
S N Kolby Enterprises -- --
S N Kolby Enterprises -- Chicago Title Insurance Co
Nika Kolby Stanley -- Chicago Title Insurance Co
S N Kolby Enterprises -- Chicago Title Insurance Co
Nika Kolby Stanley $148,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Livin Hanshaw Lary P $413,000
Previous Owner Mimmiusa Llc $350,000
Previous Owner Hee Nomura Stan $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2019 07/01/19 Sold $610,000 -3.2% --
06/01/2019 06/01/19 For Sale $630,000 0.0% --
06/01/2019 06/01/19 Price Changed $630,000 0.0% --
04/02/2019 04/02/19 Price Changed $630,000 -3.1% --
11/05/2018 11/05/18 For Sale $650,000 +31.3% --
08/19/2016 08/19/16 Sold $495,000 0.0% -- View Prior Sale
05/26/2016 05/26/16 For Sale $495,000 0.0% --
05/09/2016 05/09/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $495,000 -- --
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 $1,703 $16,667 -- --
2024 $1,624 $15,874 -- --
2023 $1,624 $71,400 $14,280 $57,120
2022 $1,608 $49,270 $9,850 $39,420
2021 $1,613 $44,100 $8,820 $35,280
2020 $1,563 $40,730 $8,140 $32,590
2019 $1,565 $32,030 $6,400 $25,630
2018 $1,514 $27,180 $5,430 $21,750
2017 $1,451 $21,320 $4,260 $17,060
2016 $1,427 $20,020 $4,000 $16,020
2015 $1,321 $16,720 $3,340 $13,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5842848

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-22-034D