NOT LISTED FOR SALE

Estimated Value: $515,557 - $743,000

-- Bed
-- Bath
1,932 Sq Ft
$304/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $210,000 $109 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $3,218/month

14 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 income producing properties. This unit must be sold with 1626 E. McKinley next door. This 4 plex features 4, 1 bed 1 bath rooms, rents are 500.00 each. This also has a coin op laundry all laundry equipment is leased. Here is your chance to purchase income producing property at a reasonable price. No sign on property, do not disturb tenants. drive by only

Last Agent to Sell the Property

Patrick Murphy

West USA Realty License #BR637312000 Listed on: 09/05/2017

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
  • The owner pays for trash collection
  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 116-16-034

Community Details

Overview

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

Building Details

  • Operating Expense $7,522

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
  • Subdivision Name: ALAMEDA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other (See Remarks), F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: 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

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 387.0
  • Annual Water Sewer Expense: 3516.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 50X126
  • Additional Parcels: No
  • Parcel #: 116-16-034

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1000.0
  • Insurance Expense: 1150.0
  • Maintenance Expense: 350.0
  • Annual Operating Expense: 7522.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1119.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2008
Sold by
Moser Eric
Bought by
Tamro Investments Llc Series 1
Current Estimated Value
$586,889

Purchase Details

Closed on
Mar 11, 2008
Sold by
Gmac Mortgage Llc
Bought by
Moser Eric

Purchase Details

Closed on
Feb 20, 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 Iv 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
$198,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 10, 2005
Sold by
Culbertson Andrew Christian
Bought by
Ac Real Estate Investments Iv 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
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 $161,500 Security Title Agency
Kabat Gregory P $247,500 Tsa Title Agency
Ac Real Estate Investments Iv 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 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 Griffin Leo B $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $210,000 -2.3% $109 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $215,000 0.0% $111 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $215,000 -- $111 / 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 $1,282 $9,587 -- --
2024 $1,270 $9,130 -- --
2023 $1,270 $29,000 $5,800 $23,200
2022 $1,197 $21,250 $4,250 $17,000
2021 $1,190 $18,320 $3,660 $14,660
2020 $1,204 $14,970 $2,990 $11,980
2019 $1,203 $11,980 $2,390 $9,590
2018 $1,182 $11,130 $2,220 $8,910
2017 $1,152 $9,530 $1,900 $7,630
2016 $1,119 $8,620 $1,720 $6,900
2015 $1,033 $8,030 $1,600 $6,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5656571

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-16-034