NOT LISTED FOR SALE

Estimated Value: $436,304 - $657,000

4 Beds
-- Bath
1,702 Sq Ft
$321/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $495,000 $291 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,128/month

8 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of March 2022

***72 HOUR HOME SALE*****Central to all activities fun, delicious, and cool. Less than a mile from Arcadia light, this money making duplex is your chance to live next to the best restaurants, LGO, bars and entertainment, yoga, and more while renting out the other unit for profit.

Last Listed By

Kimberley Rosenstein

Realty ONE Group License #BR637354000 Listed on: 02/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $849

Year Built

  • Built in 1960

Lot Details

  • 6,665

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Griffith Elementary School
  • Greenway Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 126-07-070-D

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6660
  • Ella Lee Subdivision

Building Details

  • Operating Expense $849
  • Gross Income $29,640
  • Net Operating Income $29,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$849

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: McDowell and 41st
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2021
  • Directions: 40th and McDowell. North to 42nd St. RIght on McDowell. Left 41st Pl. Right AlmeriaRd. Left onto 42nd St. Home on the Right.
  • Road Surface Type: Asphalt
  • Subdivision Name: Ella Lee
  • Tax Parcel Letter: D
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Built-In Range, Disposal, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • 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 Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 6660
  • Additional Parcels: No
  • Parcel #: 126-07-070-D

Multi Family

  • Owner Pays: Other, None
  • Number Of Units Total: 2
  • Annual Gross Income: 29640.0
  • Property Net Operating Income: 29640.0
  • Annual Operating Expense: 849.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 849.0
  • Tax Book Number: 126.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Mar 28, 2022
Sold by
Louis Cassels
Bought by
Traicoff Brian and Traicoff Shelby
Seller's Agent
Kimberley Rosenstein
Realty ONE Group
Buyer's Agent
Heather Oldham
HomeSmart
List Price
$495,000
Sold Price
$495,000
Total Days on Market
8
Current Estimated Value
$545,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,826
Avg. Annual Appreciation
3.14%
Original Mortgage
$466,396
Outstanding Balance
$442,454
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$103,372

Purchase Details

Closed on
Nov 25, 2009
Sold by
First Horizon Home Loans
Bought by
Cassels Louis

Purchase Details

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

Purchase Details

Closed on
Jan 10, 2007
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
Traicoff Brian $495,000 Lawyers Title
Cassels Louis $42,000 The Talon Group Arrowhead
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 Traicoff Brian $84,900
Open Traicoff Brian $466,396
Previous Owner Ng Jimmy K $125,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $495,000 0.0% $291 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/20/2022 02/20/22 For Sale $495,000 -- $291 / 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 $28,480 $5,690 $22,790
2022 $835 $20,870 $4,170 $16,700
2021 $849 $20,200 $4,040 $16,160
2020 $833 $17,170 $3,430 $13,740
2019 $830 $15,380 $3,070 $12,310
2018 $782 $13,520 $2,700 $10,820
2017 $749 $12,580 $2,510 $10,070
2016 $733 $11,870 $2,370 $9,500
2015 $688 $8,150 $1,630 $6,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6358293

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-070D