NOT LISTED FOR SALE

16440 N 25th St Phoenix, AZ 85032

Paradise Valley Village Neighborhood
2 Beds
1 Bath
3,693 Sq Ft
27,443 Sq Ft

Last Sold September 11, 2012

Last sale price $212,450 $58 Per Sq Ft

9 Days on Market

About This Home

As of September 2012

100% Occupied, great investment opportunity w/room for expansion on large lot. Zoning allows multi family up to 10 units. Ideal North central location in PV School District. All 4 units remodeled 2010/2011 - new flooring, cabinets, granite counters & appliances. One 3 bed/2 bath and Three 2 bed/1 bath. Great potential with a near 12% Cap rate!

Last Agent to Sell the Property

Lisa Zaklan

Russ Lyon Sotheby's International Realty License #SA568598000 Listed on: 07/29/2012

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Christopher Davis

HomeSmart License #BR555575000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,272

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • North Canyon High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 214-27-005-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 27,342
  • Kay Acres Subdivision

Building Details

  • Operating Expense $9,946
  • Gross Income $30,780
  • Net Operating Income $20,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,272

Year Built

Built in 1960

Lot Details

0.63 Acres

Listing Details

  • Cross Street: Cave Creek & Bell Road
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2342.0
  • Subdivision Name: KAY ACRES
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • 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:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 600.0
  • Annual Water Sewer Expense: 2160.0

Schools

  • Elementary School: Palomino Primary School
  • High School: North Canyon High School
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 27,342
  • Additional Parcels: Yes
  • Parcel #: 214-27-005-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 30780.0
  • Insurance Expense: 1772.0
  • Property Net Operating Income: 20834.0
  • Annual Operating Expense: 9946.0

Tax Info

  • Tax Annual Amount: 1272.0
  • Tax Book Number: 214.00
  • Tax Lot: 18
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2012 09/11/12 Sold $212,450 +21.4% $58 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
07/25/2012 07/25/12 For Sale $175,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,626 $15,906 -- --
2024 $1,550 $15,149 -- --
2023 $1,550 $56,860 $10,030 $46,830
2022 $1,535 $37,410 $6,600 $30,810
2021 $1,539 $34,770 $6,130 $28,640
2020 $1,492 $30,270 $5,340 $24,930
2019 $1,494 $24,430 $4,310 $20,120
2018 $1,444 $23,240 $4,100 $19,140
2017 $1,385 $18,220 $3,210 $15,010
2016 $1,362 $21,960 $3,870 $18,090
Source: Public Records

Agents Affiliated with this Home

  • Lisa Zaklan

    Seller's Agent in 2012

    Lisa Zaklan

    Russ Lyon Sotheby's International Realty

    (602) 448-6485

    23 Total Sales

    Lisa Zaklan
    Section Image
  • Christopher Davis

    Buyer's Agent in 2012

    Christopher Davis

    HomeSmart

    (602) 696-8167

    2 Total Sales

    Christopher Davis
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4795789

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85032 Paradise Valley Village

16440 N 25th St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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