NOT LISTED FOR SALE

Estimated Value: $451,524 - $653,000

-- Bed
-- Bath
1,702 Sq Ft
$305/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $230,000 $135 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $2,974/month

3 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of March 2019

Great location for this duplex with two 2 bedroom/1 bath units in the heart of everything. Close to Arcadia, close to downtown and close to Old Town Scottsdale and ASU. The front unit was just remodeled with new kitchen with new appliances, counter tops and cabinets. Both units have new water heaters. Carport with additional storage and each unit has a fenced back area. There is plumbing in hall closet to add washer if so desired.

Last Listed By

Lisa Eagan

Leagan Realty, LLC License #BR537622000 Listed on: 02/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $782

Year Built

  • Built in 1960

Lot Details

  • 6,621

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 126-07-070-C

Community Details

Overview

  • 2 Units
  • Ella Lee Subdivision

Building Details

  • Operating Expense $2,942
  • Gross Income $15,360
  • Net Operating Income $12,418

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$782

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 40TH STREET & MCDOWELL
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI-FAMILY
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2018
  • Directions: Go East on McDowell from 40th Street, turn left on 41st Place, turn Right on Almeria, turn Left on 42nd Street, duplex will be 2nd on the right side.
  • Road Surface Type: Asphalt
  • Subdivision Name: ELLA LEE
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • 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
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Cable TV Available: 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
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 960.0

Lot Info

  • Additional Parcels: No
  • Parcel #: 126-07-070-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 15360.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 12418.0
  • Annual Operating Expense: 2942.0

Tax Info

  • Tax Annual Amount: 782.0
  • Tax Book Number: 126.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2020
Sold by
Williams Rabbaanee R and Doby Jerri L
Bought by
Williams Rabbaanee R and Doby Jerri L
Total Days on Market
3
Current Estimated Value
$518,381

Purchase Details

Listed on
Feb 16, 2019
Closed on
Mar 20, 2019
Sold by
Callas John and Callas Debbie
Bought by
Dobby Jerri and Williams Rabbanee
Seller's Agent
Lisa Eagan
Leagan Realty, LLC
Buyer's Agent
Mindy Jones
Real Broker
List Price
$220,000
Sold Price
$230,000
Premium/Discount to List
$10,000
4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.49%
Original Mortgage
$225,834
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2010
Sold by
First Horizon Home Loans
Bought by
Callas John and Callas Debbie

Purchase Details

Closed on
Oct 23, 2009
Sold by
Ng Jimmy and Ng Tony
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Dec 27, 2006
Sold by
New Orangetree Condominium Llc
Bought by
Ng Jimmy K and Ng Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
7.37%
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
Williams Rabbaanee R -- Grand Canyon Title Agency
Dobby Jerri $230,000 Fidelity Natl Ttl Agcy Inc
Callas John $51,000 Great American Title Agency
First Horizon Home Loans $72,250 None Available
Ng Jimmy K $187,500 Title Guaranty Agency Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams-Doby Family Living Tr $10,442
Open Williams Rabbanee R $309,320
Closed Dobby Jerri $225,834
Previous Owner Callas John $100,000
Previous Owner Ng Jimmy K $125,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $230,000 +4.5% $135 / Sq Ft
02/16/2019 02/16/19 For Sale $220,000 -- $129 / 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 $875 $7,282 -- --
2024 $866 $6,935 -- --
2023 $866 $28,470 $5,690 $22,780
2022 $835 $20,860 $4,170 $16,690
2021 $849 $20,180 $4,030 $16,150
2020 $833 $17,160 $3,430 $13,730
2019 $830 $15,380 $3,070 $12,310
2018 $782 $13,520 $2,700 $10,820
2017 $749 $12,570 $2,510 $10,060
2016 $733 $11,860 $2,370 $9,490
2015 $688 $8,130 $1,620 $6,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884352

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-070C