NOT LISTED FOR SALE

Estimated Value: $521,384 - $899,000

1 Bed
-- Bath
3,672 Sq Ft
$194/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $295,000 $80 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $3,894/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of January 2018

Block constructions 4-plex with a complete reroof on the plex and carport (warranty transfers to the new buyer). Fresh new paint on the exterior. Each unit has been individuality inspected and repairs have been completed. All units are currently rented at this time. Each unit is 918 sq. ft. 2 bedroom, 1 bath with inside laundry in each unit. Tile floors t/o (no carpet) The plex is N/S facing. Low maintenance landscape. The sellers had done a ton of work on all 4 units, so the new buyer wouldn't have to take over someone else's problems.

Last Agent to Sell the Property

Jay Culton

HomeSmart License #SA514819000 Listed on: 12/22/2017

HomeSmart

Last Buyer's Agent

Jennifer Utter

HomeSmart License #SA647096000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,445

Year Built

  • Built in 1963

Lot Details

  • 8,625

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Hawthorne Elementary School
  • Kino Junior High School
  • Mountain View - Waddell High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 137-37-009-a

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8633
  • Ko Ko Palms Subdivision

Building Details

  • Operating Expense $7,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,445

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Gilbert/University
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2017
  • Directions: West on University * North on Hill * West on Crown!
  • Road Surface Type: Asphalt
  • Subdivision Name: KO KO Palms
  • Tax Parcel Letter: a
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4800.0

Schools

  • Elementary School: Hawthorne Elementary School
  • High School: Mountain View - Waddell
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 8633
  • Additional Parcels: No
  • Parcel #: 137-37-009-a

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1200.0
  • Annual Operating Expense: 7445.0

Tax Info

  • Tax Annual Amount: 1445.0
  • Tax Book Number: 137.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2017
Closed on
Jan 19, 2018
Sold by
Polanco Mark E and Jackson Kari M
Bought by
Tw2 Properties Llc
Seller's Agent
Jay Culton
HomeSmart
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%
Current Estimated Value
$710,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,846
Avg. Annual Appreciation
11.50%

Purchase Details

Listed on
May 16, 2012
Closed on
Jun 7, 2012
Sold by
Botelho Joseph M and Botelho Lucia O
Bought by
Polanco Mark E and Jackson Kari M
Seller's Agent
Carolyn Haith
Coldwell Banker Realty
Buyer's Agent
Jay Culton
HomeSmart
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Original Mortgage
$123,750
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2009
Sold by
Bank Of America National Association
Bought by
Botelho Josheph M and Botelho Lucia O

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W and Fletcher Jane Ellen
Bought by
Lasalle Bank Na and Morgan Stanley Mortgage 2006-6Ar

Purchase Details

Closed on
Aug 15, 2006
Sold by
Fletcher Richard W and Fletcher Jane Ellen
Bought by
Johnson Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,605
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2005
Sold by
Rappaport Richard A and Rappaport Helen S
Bought by
Jkm Trading Corp

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
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2005
Sold by
Jkm Trading Corp
Bought by
Fletcher Richard W and Fletcher Jane Ellen

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
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Tw2 Properties Llc $295,000 Security Title Agency Inc
Polanco Mark E $165,000 Equity Title Agency Inc
Botelho Josheph M $155,000 First American Title Ins Co
Lasalle Bank Na $317,076 None Available
Johnson Erik $403,605 Tsa Title Agency
Jkm Trading Corp $390,000 --
Fletcher Richard W $425,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Polanco Mark E $123,750
Previous Owner Johnson Erik $403,605
Previous Owner Fletcher Richard W $297,500
Closed Fletcher Richard W $106,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2018 01/23/18 Sold $295,000 -1.6% $80 / Sq Ft
12/21/2017 12/21/17 For Sale $299,900 +81.8% $82 / Sq Ft
06/22/2012 06/22/12 Sold $165,000 -5.7% $45 / Sq Ft
05/23/2012 05/23/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $175,000 -- $48 / 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 $1,684 $17,158 -- --
2024 $1,698 $16,341 -- --
2023 $1,698 $55,870 $11,170 $44,700
2022 $1,663 $42,100 $8,420 $33,680
2021 $1,683 $33,850 $6,770 $27,080
2020 $1,661 $30,020 $6,000 $24,020
2019 $1,552 $20,320 $4,060 $16,260
2018 $1,490 $17,800 $3,560 $14,240
2017 $1,445 $16,550 $3,310 $13,240
2016 $1,418 $15,600 $3,120 $12,480
2015 $1,333 $16,770 $3,350 $13,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5700957

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-009A