NOT LISTED FOR SALE

Estimated Value: $559,964 - $785,000

Studio
-- Bath
4,276 Sq Ft
$162/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2013

Last sale price $217,000 $51 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $3,763 / mo

About This Home

As of February 2013

PERFECT INVESTMENT OPPORTUNITY~ FULLY OCCUPIED 4 PLEX~3 BEDROOMS, 2 BATH~ ALL APPLIANCES INCLUDED~ FULL SIZE WASHER AND DRYER IN ALL UNITS~PARTIALLY UPGRADED~ WELL MAINTAINED~LOW MAINTENANCE COSTS~ALL NEW HOT WATER HEATERS~PROFESSIONALLY MANAGED~ ALWAYS A LINE AROUND THE CORNER, UNITS DON'T STAY VACANT LONG. HOA IS PROFESSIONALLY MANAGED AND INCLUDES WATER, TRASH AND SEWER. DON'T MISS OUT ON THIS INCREDIBLE INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Chalyce McQueen

CTS Realty License #BR625104000 Listed on: 07/19/2017

Co-Listed By

Sherry Mcqueen

CTS Realty License #BR534071000

Last Buyer's Agent

Yoyi Mi

Smart Choice Realty, LLC License #BR517552000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $812

Year Built

  • Built in 2004

Lot Details

  • 3,398

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Polaris High School

Utilities

  • Central Air
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 5
  • Assessor Parcel Number 214-40-378

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3404
  • Paradise On 25Th Subdivision

Building Details

  • Operating Expense $8,012
  • Gross Income $34,579
  • Net Operating Income $21,123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$812

Year Built

Built in 2004

Lot Details

3,398 Sq Ft Lot

Listing Details

  • Cross Street: Cave Creek Rd & Greenway Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 2004
  • Tax Year: 2016
  • Road Surface Type: Private Street
  • Co List Office Mls Id: trlg01
  • Co List Office Phone: 602-795-0341
  • Subdivision Name: Paradise on 25th
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Polaris High School
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 3404
  • Additional Parcels: No
  • Parcel #: 214-40-378

Multi Family

  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34578.72
  • Property Net Operating Income: 21123.04
  • Annual Operating Expense: 8012.0

Tax Info

  • Tax Annual Amount: 812.0
  • Tax Book Number: 214.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2017
Closed on
Aug 14, 2017
Sold by
Desert Sun Equities Llc
Bought by
Chao Pong
Seller's Agent
Chalyce McQueen
CTS Realty
Buyer's Agent
Yoyi Mi
Smart Choice Realty, LLC
List Price
$304,900
Sold Price
$304,900
Current Estimated Value
$694,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,591
Avg. Annual Appreciation
9.85%

Purchase Details

Closed on
Mar 27, 2015
Sold by
Tlm Summit Real Estate Inc
Bought by
Desert Sun Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,050
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 22, 2013
Sold by
Tlm Summit Real Estate Inc
Bought by
Desert Sun Equities Llc

Purchase Details

Listed on
Oct 28, 2012
Closed on
Jan 17, 2013
Sold by
S & R Realty Llc
Bought by
Tlm Summit Real Estate Ic
Seller's Agent
Lisa Zeller Mcaffee
Easy Street Realty
Buyer's Agent
John Conger
National Land Realty
List Price
$215,000
Sold Price
$217,000
Premium/Discount to List
$2,000
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
Nov 17, 2011
Sold by
Falca Tim
Bought by
S & R Realty Llc

Purchase Details

Closed on
Jul 22, 2011
Sold by
Falca Trina
Bought by
Falca Tim

Purchase Details

Closed on
Dec 13, 2010
Sold by
Martinez Brian L
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 15, 2005
Sold by
Gragg William B
Bought by
Martinez Brian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,780
Interest Rate
1.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2005
Sold by
Roberts Richard J
Bought by
Gragg William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Paradise On 25Th Llc
Bought by
Roberts Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7%
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
Chao Pong $304,900 Driggs Title Agency Inc
Desert Sun Equities Llc -- Chicago Title Agency
Desert Sun Equities Llc -- None Available
Tlm Summit Real Estate Ic $217,000 First American Title Ins Co
S & R Realty Llc $178,000 Chicago Title Agency Inc
Falca Tim -- First American Title Ins Co
Falca Tim $130,000 First American Title Ins Co
The Bank Of New York Mellon $151,875 First American Title
Martinez Brian L $573,040 Transnation Title
Gragg William B $465,000 --
Gragg William B $465,000 Capital Title Agency Inc
Roberts Richard J $375,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desert Sun Equities Llc $141,050
Previous Owner Martinez Brian L $429,780
Previous Owner Gragg William B $372,000
Closed Gragg William B $69,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2017 07/19/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $304,900 +40.5% $71 / Sq Ft
02/15/2013 02/15/13 Sold $217,000 +0.9% $51 / Sq Ft View Prior Sale
01/15/2013 01/15/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $215,000 -- $50 / 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 $970 $9,489 -- --
2024 $925 $9,037 -- --
2023 $925 $47,140 $2,540 $44,600
2022 $916 $32,100 $1,730 $30,370
2021 $918 $31,160 $1,680 $29,480
2020 $890 $29,520 $1,590 $27,930
2019 $891 $27,560 $1,480 $26,080
2018 $862 $25,380 $1,370 $24,010
2017 $826 $21,150 $1,140 $20,010
2016 $812 $20,970 $1,130 $19,840
2015 $752 $18,440 $990 $17,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5635253

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-378

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