NOT LISTED FOR SALE

Estimated Value: $771,090 - $1,016,000

6 Beds
-- Bath
2,396 Sq Ft
$358/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2020

Last sale price $900,000 $376 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,803 / mo

116 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of August 2020

Two side by side value-add triplexes for a total of 6 units located in the North Encanto neighborhood of Phoenix, Arizona. Living in Encanto offers residents an urban-suburban mix feel and most residents rent their homes. In Encanto, there are restaurants, coffee shops, and parks that are abundant in the area. Many families and young professionals live in Encanto. This property offers investors a potential upside bringing under market rental rates to current market stabilization.

All units were renovated in late 2017 and 2018.
New plumbing and electric, kitchens with quartz countertops, Flooring, appliances, sewer line, Tubs refinished,All doors replaced, maintenance free artificial turf, community laundry maintained by Wash Multifamily providing additional income.

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 03/12/2020

Keller Williams Realty Phoenix

Last Buyer's Agent

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 03/12/2020

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 1953

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Parking

  • 7 Open Parking Spaces
  • 10 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 110-27-021

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 15576
  • College Homes Subdivision

Building Details

  • Operating Expense $16,555
  • Gross Income $62,700
  • Net Operating Income $43,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,362

Year Built

Built in 1953

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Year Built: 1953
  • Tax Year: 2019
  • Road Surface Type: Dedicated Street, Alley
  • Professional Management Expense: 3694.0
  • Subdivision Name: COLLEGE HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stone, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 1586.0
  • Trash Expense: 2852.0

Lot Info

  • Lot Size: 15576
  • Additional Parcels: Yes
  • Parcel #: 110-27-021

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 1242.0
  • Annual Gross Income: 62700.0
  • Insurance Expense: 2441.0
  • Maintenance Expense: 3078.0
  • Property Net Operating Income: 43680.0
  • Annual Operating Expense: 16555.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1362.0
  • Tax Book Number: 110.00
  • Tax Lot: 21

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

Closed on
Nov 28, 2023
Sold by
Bought by
Current Estimated Value
$857,773

Purchase Details

Closed on
Jul 29, 2021
Sold by
Bought by

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 23, 2020
Sold by
Bought by
Seller's Agent
Roger Phillips
Keller Williams Realty Phoenix
Buyer's Agent
Roger Phillips
Keller Williams Realty Phoenix
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.81%
Original Mortgage
$333,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2017
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
$300,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2001
Sold by
Bought by
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
-- None Listed On Document
-- None Listed On Document
$740,000 Old Republic Title Agency
$445,000 Chicago Title Agency
$352,800 Security Title Agency Inc
-- None Available
-- --
-- --
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
Previous Owner $333,750
Previous Owner $300,000
Previous Owner $155,000
Previous Owner $105,000
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
08/08/2020 08/08/20 Sold $900,000 -5.3% $376 / Sq Ft
07/08/2020 07/08/20 For Sale $950,000 +5.6% $396 / Sq Ft
07/03/2020 07/03/20 Off Market $900,000 -- --
06/26/2020 06/26/20 Pending -- -- --
05/13/2020 05/13/20 Price Changed $950,000 -1.0% $396 / Sq Ft
03/02/2020 03/02/20 For Sale $960,000 -- $401 / 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 $1,547 $11,917
2024 $1,445 $11,349
2023 $1,445 $51,800 $10,360 $41,440
2022 $1,437 $33,480 $6,690 $26,790
2021 $1,461 $24,330 $4,860 $19,470
2020 $1,424 $22,820 $4,560 $18,260
2019 $1,362 $19,400 $3,880 $15,520
2018 $1,317 $18,750 $3,750 $15,000
2017 $1,209 $14,160 $2,830 $11,330
2016 $1,167 $13,100 $2,620 $10,480
2015 $1,084 $11,310 $2,260 $9,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6049561

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-021

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