S
Seller's Agent in 2017
Sarah Richardson
Tru Realty
1644 E Palm Ln Phoenix, AZ 85006
Estimated Value: $314,000 - $902,000
16
Beds
8
Baths
475
Sq Ft
$1,385/Sq Ft
Est. Value
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heat Pump System
About This Home
As of January 2017Excellent investment opportunity! This single story multifamily building as section 8 tenants that have rent paid on time every month. Well maintained and close to major freeways and pubic transportation. Building shares a water meter and must be sold with 1640 E Palm. $529,000.00 for both. Great Unit mix! 100% Occupied! Drive by only, please do not disturb tenants. Financials shown are for both buildings.
Last Agent to Sell the Property
Sarah Richardson
Tru Realty License #BR580923000 Listed on: 04/27/2016
Last Buyer's Agent
Larry Kramer
Realty ONE Group License #SA543588000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,015
Year Built
- Built in 1944
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Tile Roof
- Built-Up Roof
- Foam Roof
- Block Exterior
- Stucco
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, cable TV, landscaping
- Tax Lot 10
- Assessor Parcel Number 117-15-086-D
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are irr
- Roselawn Heights Lots 9 12 Subdivision
Building Details
- Operating Expense $24,158
- Net Operating Income $43,896
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 2016
Sold by
A2z Property Management Inc
Bought by
Howe Kevin
Total Days on Market
195
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
3.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 11, 2016
Sold by
Howe Kevin
Bought by
Iggulden Robert D and Iggulden Randi S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 5, 2015
Sold by
Sfs Properties Llc
Bought by
A 2 Z Property Management Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.54%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
May 22, 2009
Sold by
Flake Judd
Bought by
Sfs Properties Llc
Purchase Details
Closed on
Apr 21, 2009
Sold by
Flake Rebekah
Bought by
Flake Judd
Purchase Details
Closed on
Apr 6, 2009
Sold by
Aurora Loan Services Llc
Bought by
Flake Judd
Purchase Details
Closed on
Dec 16, 2008
Sold by
Dang Khanh Linh V
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Mar 16, 2005
Sold by
Dang Khanhlinh V
Bought by
1644 E Palm Lane Residential Land Trust and Meehan S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2005
Sold by
Specialty Properties Investments Corp
Bought by
Dang Khanhlinh V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 3, 2005
Sold by
Dang Phong N
Bought by
Dang Khanhlinh V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 15, 2003
Sold by
Speciality Properties Investments Corp
Bought by
Bailey Kathy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Interest Rate
5.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 31, 2000
Sold by
Horton Jennifer A
Bought by
Steve Villarreal Pc
Purchase Details
Closed on
Aug 18, 1999
Sold by
Hindocha Nisha
Bought by
Horton Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Howe Kevin | $475,000 | Chicago Title Agency | |
| Iggulden Robert D | $480,000 | Stewart Title Arizona Agency | |
| A 2 Z Property Management Inc | $124,950 | Great American Title Agency | |
| Sfs Properties Llc | $35,000 | First American Title Ins Co | |
| Flake Judd | -- | First American Title Ins Co | |
| Flake Judd | $35,000 | First American Title Ins Co | |
| Aurora Loan Services Llc | $102,960 | None Available | |
| 1644 E Palm Lane Residential Land Trust | -- | Security Title Agency Inc | |
| Dang Khanhlinh V | $233,500 | Security Title Agency Inc | |
| Dang Khanhlinh V | -- | Security Title Agency Inc | |
| Bailey Kathy A | $194,000 | Security Title Agency | |
| Steve Villarreal Pc | -- | -- | |
| Horton Jennifer | $90,000 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Iggulden Robert D | $300,000 | |
| Closed | Iggulden Robert D | $100,000 | |
| Previous Owner | Howe Kevin | $402,000 | |
| Previous Owner | Iggulden Robert D | $300,000 | |
| Previous Owner | A 2 Z Property Management Inc | $230,000 | |
| Previous Owner | Speciality Properties Investment Corp | $15,000 | |
| Previous Owner | Dang Khanhlinh V | $186,800 | |
| Previous Owner | Speciality Properties Investment Corp | $10,000 | |
| Previous Owner | Bailey Kathy A | $174,600 | |
| Previous Owner | Horton Jennifer | $72,000 | |
| Closed | Horton Jennifer | $13,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2017 01/20/17 | Sold | $480,000 | -9.3% | $1,011 / Sq Ft |
| 12/22/2016 12/22/16 | For Sale | $529,000 | 0.0% | $1,114 / Sq Ft |
| 12/22/2016 12/22/16 | Price Changed | $529,000 | 0.0% | $1,114 / Sq Ft |
| 09/02/2016 09/02/16 | For Sale | $529,000 | +10.2% | $1,114 / Sq Ft |
| 08/31/2016 08/31/16 | Off Market | $480,000 | -- | -- |
| 08/17/2016 08/17/16 | For Sale | $529,000 | 0.0% | $1,114 / Sq Ft |
| 08/17/2016 08/17/16 | Price Changed | $529,000 | +10.2% | $1,114 / Sq Ft |
| 07/14/2016 07/14/16 | Off Market | $480,000 | -- | -- |
| 06/23/2016 06/23/16 | Price Changed | $549,900 | -1.6% | $1,158 / Sq Ft |
| 04/27/2016 04/27/16 | For Sale | $559,000 | -- | $1,177 / 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 | $1,183 | $9,103 | -- | -- |
| 2024 | $1,170 | $8,670 | -- | -- |
| 2023 | $1,170 | $43,370 | $8,670 | $34,700 |
| 2022 | $1,124 | $31,060 | $6,210 | $24,850 |
| 2021 | $1,151 | $23,520 | $4,700 | $18,820 |
| 2020 | $1,123 | $20,230 | $4,040 | $16,190 |
| 2019 | $1,115 | $19,100 | $3,820 | $15,280 |
| 2018 | $1,093 | $15,370 | $3,070 | $12,300 |
| 2017 | $1,050 | $14,420 | $2,880 | $11,540 |
| 2016 | $1,010 | $11,730 | $2,340 | $9,390 |
| 2015 | $939 | $9,820 | $1,960 | $7,860 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Buyer's Agent in 2017
Larry Kramer
Realty One Group
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5434289
APN: 117-15-086D
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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