NOT LISTED FOR SALE

Estimated Value: $281,673 - $349,000

2 Beds
-- Bath
930 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: December 30, 2014

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

Est. 153% increase in value since last sale

Current estimated payment $1,793 / mo

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

Delex Realty 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

6,882 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2014
Closed on
Jan 7, 2015
Sold by
Bought by
Seller's Agent
kate sivolella
Delex Realty
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
$323,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,918
Avg. Annual Appreciation
8.43%
Original Mortgage
$125,681
Outstanding Balance
$98,113
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$225,805

Purchase Details

Closed on
Feb 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2007
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Aug 28, 2000
Sold by
Bought by

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
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$135,000 American Title Svc Agency Ll
$25,000 None Available
$51,000 Servicelink
$145,000 Chicago Title Insurance Co
-- Security Title Agency
$89,300 Security Title Agency Inc
$61,000 First American Title
$36,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $125,681
Previous Owner $145,000
Previous Owner $36,000
Previous Owner $36,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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