1620 W Mcdowell Rd Phoenix, AZ 85007
--
Bed
--
Bath
1,116
Sq Ft
6,273
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Maie Bartlett Heard Elementary School Rated 9+
About This Home
As of February 2017Excellent investment opportunity in Historic Fairview Place, but without the historic requirements! Remodeled units. Lots of rental upside! Nice courtyard atmosphere! Always full! New roof on one building in 2014. Tile floors throughout! Easy to rent! Just put out the sign and you get calls! Buyer to verify all items during the due diligence period. Seller just increased rents! Three units at $390 and one at $375. Subject to official cancellation of current escrow.
Last Agent to Sell the Property
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 09/09/2015
Co-Listed By
Lois Kaipainen
Income Property Shop License #SA567276000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,155
Year Built
- Built in 1973
Home Design
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Legal Lot and Block 99 / 6
- Assessor Parcel Number 111-07-076
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are irr
- Fairview Place Blks 5 8 Subdivision
Building Details
- Operating Expense $6,262
- Gross Income $17,613
- Net Operating Income $12,437
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 7, 2021
Sold by
Lucky Old Sun Finance Llc
Bought by
Crsc Residential Inc
Total Days on Market
226
Current Estimated Value
Purchase Details
Listed on
Jan 30, 2017
Closed on
Feb 10, 2017
Sold by
Bedok Properties Lllp
Bought by
Lucky Old Sun Finance Llc
Seller's Agent
Rahima Athari
HomeSmart
Buyer's Agent
Eric Ford
My Home Group Real Estate
List Price
$272,900
Sold Price
$275,000
Premium/Discount to List
$2,100
0.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
Purchase Details
Listed on
Sep 9, 2015
Closed on
May 2, 2016
Sold by
E Investment Properties Inc
Bought by
Bedok Properties Lllp
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.33%
Original Mortgage
$156,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 9, 2015
Closed on
Apr 27, 2016
Sold by
Tolly Asset Management Llc
Bought by
E Investment Properties Inc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 2009
Sold by
U S Bank National Association
Bought by
Tolly Asset Management Llc
Purchase Details
Closed on
Jun 19, 2009
Sold by
Castro Jose
Bought by
U S Bank National Association
Purchase Details
Closed on
Jun 3, 2005
Sold by
Castro Virginia C
Bought by
Castro Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jun 3, 2004
Sold by
Cacuci Mihaela C
Bought by
Cacuci Corneliu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 1, 2004
Sold by
Montante Mizraim
Bought by
Cacuci Corneliu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 2, 1996
Sold by
Cho Frederick Y
Bought by
Montante Mizraim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
10.25%
Mortgage Type
New Conventional
Similar Home in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | First American Title Ins Co | |
| Cash Sale Deed | $275,000 | Driggs Title Agency Inc | |
| Special Warranty Deed | $195,000 | None Available | |
| Warranty Deed | $185,000 | Chicago Title Agency Inc | |
| Cash Sale Deed | $60,000 | Fidelity Natl Title Ins Co | |
| Trustee Deed | $221,007 | None Available | |
| Interfamily Deed Transfer | -- | Arizona Title Agency Inc | |
| Warranty Deed | $259,000 | Arizona Title Agency Inc | |
| Interfamily Deed Transfer | -- | Stewart Title & Trust Of Pho | |
| Warranty Deed | $155,000 | Stewart Title & Trust Of Pho | |
| Warranty Deed | $64,000 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $156,000 | Purchase Money Mortgage | |
| Previous Owner | $156,000 | New Conventional | |
| Previous Owner | $207,200 | Unknown | |
| Previous Owner | $25,900 | Stand Alone Second | |
| Previous Owner | $207,200 | Fannie Mae Freddie Mac | |
| Previous Owner | $124,000 | Purchase Money Mortgage | |
| Previous Owner | $48,000 | New Conventional | |
| Closed | $9,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2017 02/06/17 | Sold | $275,000 | +0.8% | $246 / Sq Ft |
| 01/30/2017 01/30/17 | For Sale | $272,900 | +47.5% | $245 / Sq Ft |
| 05/02/2016 05/02/16 | Sold | $185,000 | -7.0% | $166 / Sq Ft |
| 04/22/2016 04/22/16 | Pending | -- | -- | -- |
| 09/09/2015 09/09/15 | For Sale | $199,000 | -- | $178 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,381 | $10,326 | -- | -- |
| 2024 | $1,368 | $9,835 | -- | -- |
| 2023 | $1,368 | $38,470 | $7,690 | $30,780 |
| 2022 | $1,319 | $36,180 | $7,230 | $28,950 |
| 2021 | $1,309 | $30,930 | $6,180 | $24,750 |
| 2020 | $1,324 | $26,520 | $5,300 | $21,220 |
| 2019 | $1,322 | $21,910 | $4,380 | $17,530 |
| 2018 | $1,299 | $18,720 | $3,740 | $14,980 |
| 2017 | $1,269 | $14,950 | $2,990 | $11,960 |
| 2016 | $1,233 | $12,030 | $2,400 | $9,630 |
| 2015 | $1,141 | $9,720 | $1,940 | $7,780 |
Source: Public Records
Agents Affiliated with this Home
-
Rahima Athari
R
Seller's Agent in 2017
Rahima Athari
HomeSmart
(602) 366-5078
56 Total Sales
-
Eric Ford
Buyer's Agent in 2017
Eric Ford
My Home Group Real Estate
(602) 538-5544
267 Total Sales
-
Seller's Agent in 2016
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
L
Seller Co-Listing Agent in 2016
Lois Kaipainen
Income Property Shop
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5332183
APN: 111-07-076
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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