NOT LISTED FOR SALE
2 Beds
1 Bath
3,693 Sq Ft
0.63 Acre Lot

Sale Details

Date 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
  • Separate Meters

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,650
Interest Rate
0.0387%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 29, 2012
Closed on
Sep 8, 2012
Sold by
Bought by
Seller's Agent
Lisa Zaklan
Russ Lyon Sotheby's International Realty
Buyer's Agent
Christopher Davis
HomeSmart
List Price
$175,000
Sold Price
$212,450
Premium/Discount to List
$37,450
21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,715
Interest Rate
0.0347%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
0.0456%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
0.0456%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
0.0451%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2000
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title
$212,450 Security Title Agency
-- Accommodation
$155,000 American Title Service Agenc
-- None Available
-- Security Title Agency Inc
$315,000 Security Title Agency Inc
-- Security Title Agency Inc
$307,000 Security Title Agency Inc
$83,500 First American Title
$245,000 Capital Title Agency
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $145,650
Closed $148,715
Previous Owner $116,250
Previous Owner $116,250
Previous Owner $50,000
Previous Owner $250,400
Previous Owner $276,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2015 $1,261 $18,710 $3,300 $15,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4795789

Arizona Regional Multiple Listing Service (ARMLS)
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