NOT LISTED FOR SALE

Estimated Value: $530,000 - $1,057,000

1 Bed
-- Bath
1,909 Sq Ft
$402/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $210,000 $110 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $4,207/month

13 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of September 2017

Back on Market, Here is your chance, this won't last long. Great opportunity to purchase income producing properties. Units are filled. This unit must be sold with 1630 E. McKinley next door. Both buildings will give you a total of 8 units. 1630 E. McKinley has a coin operated laundry with leased equipment. No sign on property, do not disturb tenants. Tenants rights must be respected. 1 covered parking space and 3 uncovered.

Last Agent to Sell the Property

Patrick Murphy

West USA Realty License #BR637312000 Listed on: 09/06/2017

West USA Realty

Last Buyer's Agent

Andrew Tate

Keller Williams Arizona Realty License #BR038343000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,119

Year Built

  • Built in 1955

Lot Details

  • 6,360

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 12 / 2
  • Assessor Parcel Number 116-16-036

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50X126
  • Alameda Place Subdivision

Building Details

  • Operating Expense $5,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,119

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 16 St & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2016
  • Directions: Southeast of intersection
  • Road Surface Type: Asphalt
  • Professional Management Expense: 400.0
  • Subdivision Name: ALAMEDA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 50X126
  • Additional Parcels: No
  • Parcel #: 116-16-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1100.0
  • Maintenance Expense: 200.0
  • Annual Operating Expense: 5820.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1119.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Sep 25, 2017
Sold by
Tamro Investments Llc Series 1
Bought by
Shuki Xxix Llc
Seller's Agent
Patrick Murphy
West USA Realty
Buyer's Agent
Andrew Tate
Keller Williams Arizona Realty
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%
Current Estimated Value
$752,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,690
Avg. Annual Appreciation
17.84%

Purchase Details

Closed on
Nov 20, 2008
Sold by
Moser Eric
Bought by
Tamro Investments Llc Series 1

Purchase Details

Closed on
Feb 24, 2008
Sold by
Gmac Mortgage Llc
Bought by
Moser Eric

Purchase Details

Closed on
Feb 12, 2008
Sold by
Moser Tracy
Bought by
Moser Eric

Purchase Details

Closed on
Sep 17, 2007
Sold by
Kabat Gregory
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corp

Purchase Details

Closed on
Jul 13, 2006
Sold by
Ac Real Estate Investments V Llc
Bought by
Kabat Gregory P and Kabat Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,700
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 10, 2005
Sold by
Culbertson Andrew Christian
Bought by
Ac Real Estate Investments V Llc

Purchase Details

Closed on
Jan 12, 2005
Sold by
Culbertson April
Bought by
Culbertson Andrew Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,365
Interest Rate
5.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 7, 2005
Sold by
Miller David L and Cipriano Anthony J
Bought by
Culbertson Andrew Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,365
Interest Rate
5.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 1999
Sold by
Nedelko Heinz W and Nedelko Cecilia Ann
Bought by
Griffin Leo B and Griffin Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.76%
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
Shuki Xxix Llc $417,000 Security Title Agency Inc
Tamro Investments Llc Series 1 $210,000 None Available
Moser Eric $145,000 First American Title Ins Co
Moser Eric -- First American Title Ins Co
Gmac Mortgage Llc $215,357 Security Title Agency
Kabat Gregory P $247,500 Tsa Title Agency
Ac Real Estate Investments V Llc -- --
Culbertson Andrew Christian -- Ticor Title Agency Of Az Inc
Culbertson Andrew Christian $169,100 Ticor Title Agency Of Az Inc
Griffin Leo B $65,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kabat Gregory $24,700
Previous Owner Kabat Gregory P $198,000
Previous Owner Culbertson Andrew Christian $25,365
Previous Owner Culbertson Andrew Christian $135,280
Previous Owner Culbertson Andrew Christian $135,280
Previous Owner Neal Shaun $260,000
Previous Owner Griffin Leo B $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $210,000 -2.3% $110 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $215,000 0.0% $113 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $215,000 -- $113 / 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 $1,273 $9,523 -- --
2024 $1,261 $9,069 -- --
2023 $1,261 $28,760 $5,750 $23,010
2022 $1,216 $21,080 $4,210 $16,870
2021 $1,207 $18,180 $3,630 $14,550
2020 $1,221 $14,860 $2,970 $11,890
2019 $1,219 $11,880 $2,370 $9,510
2018 $1,198 $11,050 $2,210 $8,840
2017 $1,170 $9,460 $1,890 $7,570
2016 $1,137 $8,550 $1,710 $6,840
2015 $1,052 $7,970 $1,590 $6,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5656575

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-16-036