NOT LISTED FOR SALE

15658 S Sunland Gin Rd Arizona City, AZ 85123

Estimated Value: $399,000 - $523,000

-- Bed
-- Bath
3,744 Sq Ft
$124/Sq Ft Est. Value

Last Sold February 09, 2015

Last sale price $132,000 $35 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $2,711/month

294 Days on Market

About This Home

As of February 2015

GREAT INVESTMENT OPPORTUNITY!Very nicely remodeled in 2009. ALL UNITS HAVE WASHER,DRYER,REFRIGERATOR,OVEN/RANGE AND DISHWASHER! There 2 more buildings that are identical to this one right next door. There are 12 units in all. ALL 12 UNITS are already rented!!!!!! Buyer should average around $6180 a mo in rents between all 3 buildings!!!

Last Agent to Sell the Property

David Vincent

Compass License #SA624094000 Listed on: 04/03/2014

Last Buyer's Agent

Dean Adelman

DeLex Realty License #SA646218000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 2003

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Schools

  • Toltec Elementary School
  • Casa Grande Union High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, sewer
  • Tax Lot 932
  • Assessor Parcel Number 407-11-932-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3,744 sf

Building Details

  • Operating Expense $13,038
  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,980

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: :Sunland Gin & I-10
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 2003
  • Tax Year: 2013
  • Directions: Sunland Gin Rd south of I-10 Cross Battaglia, Cross Santa Cruz approx 1 mi to the property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1500.0
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2620.0
  • Annual Water Sewer Expense: 3168.0

Schools

  • Elementary School: Toltec Elementary School
  • High School: Casa Grande Union High School

Lot Info

  • Lot Size: 3,744 sf
  • Additional Parcels: Yes
  • Parcel #: 407-11-932-B

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 2500.0
  • Property Net Operating Income: 51600.0
  • Annual Operating Expense: 13038.0

Tax Info

  • Tax Annual Amount: 2980.0
  • Tax Book Number: 407.00
  • Tax Lot: 932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2021
Sold by
Adelman Arizona Properties Llc
Bought by
Adelman James Phillip
Current Estimated Value
$463,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Outstanding Balance
$275,717
Interest Rate
2.9%
Estimated Equity
$269,616

Purchase Details

Closed on
Jul 23, 2021
Sold by
Adelman James Phillip and Adelman Elizabeth Agnes
Bought by
Adelman James Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Outstanding Balance
$275,717
Interest Rate
2.9%
Estimated Equity
$269,616

Purchase Details

Listed on
Apr 3, 2014
Closed on
Feb 2, 2015
Sold by
Ht Properties Llc
Bought by
Adelman Arizona Properties Llc
Seller's Agent
David Vincent
Compass
Buyer's Agent
Dean Adelman
DeLex Realty
List Price
$190,000
Sold Price
$132,000
Premium/Discount to List
-$58,000
-30.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.38%
Original Mortgage
$650,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2009
Sold by
Eighty Thirty Six West Investors Llc
Bought by
Ht Properties Llc

Purchase Details

Closed on
Feb 20, 2009
Sold by
Guerrero Robert
Bought by
Eight Thirty Six West Investors Llc

Purchase Details

Closed on
Feb 6, 2009
Sold by
Guerrero Laticia
Bought by
Guerrero Robert

Purchase Details

Closed on
Jun 20, 2005
Sold by
Cordeiro John and Cordeiro Donna
Bought by
Kwee Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3%
Mortgage Type
Trade

Purchase Details

Closed on
Feb 13, 2003
Sold by
Minks David E and Minks Carol S
Bought by
Cordeiro John and Cordeiro Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Adelman James Phillip -- Accommodation
Adelman James Phillip -- None Available
Adelman Arizona Properties Llc $396,000 Security Title Agency
Ht Properties Llc $113,333 Security Title Agency
Eight Thirty Six West Investors Llc -- Great American Title Agency
Guerrero Robert -- Great American Title Agency
Guerrero Robert $70,875 Great American Title Agency
Kwee Peter $280,000 Old Republic Title Agency
Cordeiro John $250,000 Century Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adelman James Phillip $297,500
Previous Owner Adelman Arizona Properties Llc $812,250
Previous Owner Adelman Arizona Properties Llc $650,000
Previous Owner Kwee Peter $224,000
Previous Owner Cordeiro John $200,000
Closed Cordeiro John $50,000
Closed Kwee Peter $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2015 02/09/15 Sold $132,000 -30.5% $35 / Sq Ft
01/15/2015 01/15/15 Pending -- -- --
03/27/2014 03/27/14 For Sale $190,000 -- $51 / 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 $2,240 $34,970 -- --
2024 $2,161 $34,447 -- --
2023 $2,218 $28,742 $1,814 $26,928
2022 $2,161 $19,278 $765 $18,513
2021 $2,257 $17,636 $0 $0
2020 $2,185 $18,490 $0 $0
2019 $2,089 $16,795 $0 $0
2018 $2,046 $14,278 $0 $0
2017 $2,093 $13,520 $0 $0
2016 $2,294 $13,964 $806 $13,159
2014 -- $10,097 $806 $9,291
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    David Vincent

    Compass

  • D

    Buyer's Agent in 2015

    Dean Adelman

    DeLex Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5094609

Arizona Regional Multiple Listing Service (ARMLS)

APN: 407-11-932B

Arizona Pinal County Arizona City 85123

15658 S Sunland Gin Rd, Arizona City, AZ

This home is located at 15658 S Sunland Gin Rd, Arizona City, AZ 85123 since 03 April 2014 and is currently estimated at $463,333, approximately $123 per square foot. This property was built in 2003. 15658 S Sunland Gin Rd is a home located in Pinal County with nearby schools including Arizona City Elementary School and Toltec Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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