NOT LISTED FOR SALE

Estimated Value: $277,605 - $401,000

2 Beds
-- Bath
930 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $128,000 $138 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $1,825/month

131 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Concrete Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of December 2014

Great opportunity for investor!! Immediate cash flow!! Fully renovated in 2010. All renovations permitted and passed all city of Phoenix inspections. New roof in 2013. This property is never without tenants who enjoy an enclosed private back yard, doggie door, large covered patio, on-site parking, Washer & Dryer covered hookups. Property located in the heart of the art district, minutes from downtown ASU just a short bike ride to wonderful restaurants and museums that downtown has to offer. Huge back lot that is currently untouched and could easier fit another duplex or a fun community garden. Just a few blocks from the State Capital. The approved light rail will soon be just blocks away. This property is clean with all new plumbing and electric. Must see!

Last Agent to Sell the Property

kate sivolella

DPR Realty LLC License #SA559789000 Listed on: 06/26/2014

Last Buyer's Agent

Holly Waxman

Citiea License #SA536338000

Citiea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $351

Year Built

  • Built in 1948

Lot Details

  • 6,882

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, landscaping
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 111-26-069

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.16 acres or 6,875 sq. feet
  • East Oakland Subdivision

Building Details

  • Operating Expense $2,749
  • Gross Income $9,026
  • Net Operating Income $13,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$351

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 16th Ave and Taylor
  • Property Type: Multiple Dwellings
  • Zoning: r-5, M-H
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1948
  • Tax Year: 2013
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: East Oakland
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1020.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.16 acres or 6,875 sq. feet
  • Additional Parcels: No
  • Parcel #: 111-26-069

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Landscaping
  • Number Of Units Total: 2
  • Electric Expense: 48.69
  • Annual Gross Income: 9025.8
  • Insurance Expense: 609.36
  • Property Net Operating Income: 13464.0
  • Annual Operating Expense: 2748.67
  • Vacancy Allowance Rate: 0.3

Tax Info

  • Tax Annual Amount: 350.62
  • Tax Book Number: 111.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2014
Closed on
Jan 7, 2015
Sold by
Lost Dog Properties Llc
Bought by
Bates Franklin J
Seller's Agent
kate sivolella
DPR Realty LLC
Buyer's Agent
Holly Waxman
Citiea
List Price
$135,000
Sold Price
$128,000
Premium/Discount to List
-$7,000
-5.19%
Current Estimated Value
$342,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,401
Avg. Annual Appreciation
9.29%
Original Mortgage
$125,681
Outstanding Balance
$98,113
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$244,288

Purchase Details

Closed on
Feb 18, 2010
Sold by
Gillenwater Powell B
Bought by
Lost Dog Properties Llc

Purchase Details

Closed on
Mar 9, 2009
Sold by
Alvarez Marlene A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 31, 2007
Sold by
Alvarez Carlos
Bought by
Alvarez Marlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2004
Sold by
Alvarez Angelica
Bought by
Alvarez Carlos P

Purchase Details

Closed on
Aug 28, 2000
Sold by
Mowzoun Mesbah
Bought by
Sanchez Ismael and Sanchez Inez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 1998
Sold by
Milanowski Gisbert
Bought by
Mowzoun Mesbah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
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
Bates Franklin J $135,000 American Title Svc Agency Ll
Lost Dog Properties Llc $25,000 None Available
Federal Home Loan Mortgage Corp $51,000 Servicelink
Alvarez Marlene A $145,000 Chicago Title Insurance Co
Alvarez Carlos P -- Security Title Agency
Alvarez Carlos $89,300 Security Title Agency Inc
Sanchez Ismael $61,000 First American Title
Mowzoun Mesbah $36,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bates Franklin J $125,681
Previous Owner Alvarez Marlene A $145,000
Previous Owner Sanchez Ismael $36,000
Previous Owner Mowzoun Mesbah $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2014 12/30/14 Sold $128,000 -5.2% $138 / Sq Ft
11/04/2014 11/04/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $135,000 -- $145 / 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 $568 $4,229 -- --
2024 $528 $4,028 -- --
2023 $528 $17,660 $3,530 $14,130
2022 $509 $12,570 $2,510 $10,060
2021 $507 $12,420 $2,480 $9,940
2020 $513 $10,020 $2,000 $8,020
2019 $513 $8,200 $1,640 $6,560
2018 $504 $7,330 $1,460 $5,870
2017 $490 $6,100 $1,220 $4,880
2016 $476 $4,960 $990 $3,970
2015 $437 $4,010 $800 $3,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5136870

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-069