NOT LISTED FOR SALE

Estimated Value: $455,000 - $1,007,000

8 Beds
4 Baths
2,500 Sq Ft
$257/Sq Ft Est. Value

Last Sold July 02, 2012

Last sale price $115,000 $46 Per Sq Ft

Est. 459% increase in value since last sale

Current estimated payment $3,684/month

16 Days on Market

Highlights

  • Painted or Stained Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2012

Great Duplex Property.. Both units are rented out at $750 per month. Yes, this Investment property does CASH FLOW and Landlord expenses are only Insurance & Taxes, which means YOU net over $1300 every month. Both units have been remodeled and updated so they are in EXCELLENT CONDITION, YOU don't have to put any MONEY into either unit. This is not a Short Sale or Foreclosure. All we need is an offer. Quick Closing is Available!! Don't waste your time or money with Beat Up Foreclosures. This Duplex is in Excellent Condition, No Maintenance, Very Little Expenses..

Last Listed By

Lawrence Zoma

Realty ONE Group License #SA628429000 Listed on: 06/08/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,263

Year Built

  • Built in 2006

Lot Details

  • 6,316

Parking

  • Over 1 Space Per Unit

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Utilities

  • Central Air
  • Heating Available

Community Details

  • $2,011 per year Dock Fee
  • 2 Units
  • Building Dimensions are 6,335

Listing and Financial Details

  • Tenant pays for electric, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,263

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: Dishwasher, Disposal, F/S Oven/Range, Refrigerator, W/D Hookup
  • Construction Finish: Painted, Stucco
  • Cross Street: 5th St. & Mohave
  • Floors: Carpet, Vinyl
  • Legal Info Lot Number: 19
  • Legal Info Range: 3E
  • Legal Info Section: 17
  • Legal Info Township: 1N
  • Roads Streets: Concrete
  • Property Type: F
  • Legal Description Abbrev: COPE ADD BLKS 1-6
  • Marketing Name: Cope Add
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: Q43
  • Year Built: 2006
  • Tax Year: 851
  • Directions: From 7th St. take Mohave East, to 5th St., Turn Right on 5th St. Property is on the second lot on the Left Side. No Sign on Property. Do Not Disturb
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Carport
  • Total Parking Spaces: 8.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool, See Remarks

Lot Info

  • Lot Size: 6,335

Multi Family

  • Four Bedroom Units Avg Rent: 750.00
  • Four Bedroom Units Avg Sq Ft: 1250
  • Four Bedroom Units Baths: 2
  • Income And Expenses Net Operating Income: 15600.00
  • Income And Expenses Operating Exp: 2011.00
  • Number Of Four Bedroom Units: 2
  • Tenant Pays: Electric, Sewer, Water
  • Total Numberof Buildings: 2
  • Total Numberof Units: 2.00

Tax Info

  • Taxes: 2011.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2017
Sold by
Cooper Sheldon and Cooper Louise
Bought by
Salt River Equity Llc
Total Days on Market
16
Current Estimated Value
$642,370

Purchase Details

Listed on
Jun 8, 2012
Closed on
Jun 1, 2012
Sold by
Riyad Saleh
Bought by
Cooper Sheldon and Cooper Louise
Seller's Agent
Lawrence Zoma
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.28%

Purchase Details

Closed on
Jun 8, 2010
Sold by
Taha Ghada
Bought by
Riyad Saleh Ahmad Samir

Purchase Details

Closed on
May 20, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Riyad Saleh and Riyad Saleh Ahmad Samir

Purchase Details

Closed on
Aug 17, 2009
Sold by
Ogbeide Peter O
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 25, 2007
Sold by
Akhigbe Bukola
Bought by
Ogbeide Peter O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,750
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2006
Sold by
Thorntons Contracting Co Inc
Bought by
Garner Patricia A and Ramming Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2006
Sold by
Velasco Sarah
Bought by
Thorntons Contracting Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Salt River Equity Llc $180,000 American Title
Cooper Sheldon $115,000 First American Title Insuran
Riyad Saleh Ahmad Samir -- Stewart Title & Trust Of Pho
Riyad Saleh $63,000 Stewart Title & Trust Of Pho
Federal Home Loan Mortgage Corp $240,880 None Available
Ogbeide Peter O -- First American Title Ins Co
Ogbeide Peter O $275,000 First American Title Ins Co
Garner Patricia A $270,000 Capital Title Agency Inc
Thorntons Contracting Co Inc $40,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spinnaker Capital Llc $307,500
Open Zolezzi Oscar A Quiroz $1,700,000
Closed Spinnaker Capital Llc $125,000
Previous Owner Ogbeide Peter O $266,750
Previous Owner Garner Patricia A $243,000
Previous Owner Thorntons Contracting Co Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2012 07/02/12 Sold $115,000 -8.0% $46 / Sq Ft
06/24/2012 06/24/12 Pending -- -- --
06/08/2012 06/08/12 For Sale $125,000 -- $50 / 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 $1,263 $9,441 -- --
2024 $1,250 $8,992 -- --
2023 $1,250 $30,250 $6,050 $24,200
2022 $1,206 $21,320 $4,260 $17,060
2021 $1,197 $17,520 $3,500 $14,020
2020 $1,211 $14,980 $2,990 $11,990
2019 $1,209 $13,870 $2,770 $11,100
2018 $1,188 $12,610 $2,520 $10,090
2017 $1,160 $11,910 $2,380 $9,530
2016 $1,127 $9,450 $1,890 $7,560
2015 $1,043 $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: 4772120

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-40-067