NOT LISTED FOR SALE

Estimated Value: $456,000 - $890,069

Studio
1 Bath
671 Sq Ft
$910/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $900,000 $1,341 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,257/month

Highlights

  • 4 Car Attached Garage
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of June 2023

Beautiful brand new construction duplex coming soon. Gorgeous kitchen with quartz countertops, stainless steel appliances, washer & dryer included. Each unit is a 4 bedroom, 3.5 bathrooms with 2 Master suites, perfect for roomates. Inside laundries with washer & dryer included. You can easily Live in one unit and rent the other out or rent them both. No HOA fees here! Conveniently located within 8min from Downtown Phoenix - A rapidly growing HOT AREA ! Easy access to all major freeways. YOU WILL NOT FIND ANY UNITS THIS SIZE AND SO BEAUTIFUL.

Last Agent to Sell the Property

Maria Enriquez-Camargo

eXp Realty License #SA689090000 Listed on: 05/22/2023

eXp Realty

Co-Listed By

Ruben Luna

eXp Realty License #SA558959000

Last Buyer's Agent

Rachel Yusupova

HomeSmart License #SA550147000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $691

Year Built

  • Built in 2023

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 4 Car Attached Garage
  • Free Parking

Schools

  • Edison Elementary School
  • Lowell Elementary School - Phoenix Middle School
  • Phoenix Union Bioscience High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, sewer
  • Legal Lot and Block 2 / 36
  • Assessor Parcel Number 115-04-053

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7000
  • Collins Addition Phoenix Blocks 31 34 & 39 40 Subdivision

Building Details

  • Operating Expense $691

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$691

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: 16th St & Monroe
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2022
  • Road Surface Type: Alley
  • Co List Office Mls Id: azreg03
  • Co List Office Phone: 602-456-7600
  • Subdivision Name: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
  • Garage Yn: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Elementary School: Edison Elementary School
  • High School: Phoenix Union Bioscience High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Lowell Elementary School - Phoenix

Lot Info

  • Lot Size: 7000
  • Additional Parcels: No
  • Parcel #: 115-04-053

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Water, Sewer
  • Number Of Units Total: 2
  • Annual Operating Expense: 691.0

Tax Info

  • Tax Annual Amount: 691.0
  • Tax Block: 36
  • Tax Book Number: 115.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Jun 30, 2023
Sold by
Ozmando Investment Group Llc
Bought by
Bakhshi Farshid
Seller's Agent
Maria Enriquez-Camargo
eXp Realty
Buyer's Agent
Rachel Yusupova
HomeSmart
List Price
$949,900
Sold Price
$900,000
Premium/Discount to List
-$49,900
-5.25%
Current Estimated Value
$610,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$289,483
Avg. Annual Appreciation
-14.27%
Original Mortgage
$675,000
Outstanding Balance
$657,666
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$47,149

Purchase Details

Closed on
Mar 17, 2022
Sold by
Ernest Lopez Juan
Bought by
Ozmando Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 1997
Sold by
Akison Nolen
Bought by
Hyde Gene and Hyde Lillie G
Source: Public Records
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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
Bakhshi Farshid $900,000 Driggs Title Agency
Ozmando Investment Group Llc $220,000 Security Title
Hyde Gene $25,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakhshi Farshid $675,000
Previous Owner Ozmando Investment Group Llc $187,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $900,000 -5.3% $1,341 / Sq Ft
05/30/2023 05/30/23 For Sale $949,900 -- $1,416 / 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 $769 $5,413 -- --
2024 $717 $5,155 -- --
2023 $717 $15,500 $3,100 $12,400
2022 $691 $14,010 $2,800 $11,210
2021 $686 $8,120 $1,620 $6,500
2020 $694 $7,370 $1,470 $5,900
2019 $693 $5,610 $1,120 $4,490
2018 $488 $5,200 $1,040 $4,160
2017 $476 $4,250 $850 $3,400
2016 $463 $3,780 $750 $3,030
2015 $428 $3,120 $620 $2,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6559734

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-04-053