NOT LISTED FOR SALE

Estimated Value: $449,000 - $542,000

-- Bed
-- Bath
2,280 Sq Ft
$212/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $300,000 $132 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,715/month

8 Days on Market

Highlights

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

About This Home

As of December 2019

Great Opportunity to own a Duplex in the Heart of Phoenix! 1718 S 7th Ave., adjacent property (also a duplex) is up for sale as well. Must be sold together. Each unit is 4 Bedrooms and 2 baths. All well maintained units. Tenants are currently paying 895.00 per unit and pay their own electric. Tenants are month to month. These units will rent up to 1850 similar to adjacent units that are currently renting at 1697.00 & 1418.00. Please do not disturb tenants. Interior inspections after accepted offer. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000 Listed on: 10/11/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $971

Year Built

  • Built in 2002

Lot Details

  • 5,663

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 3 / 4
  • Assessor Parcel Number 105-34-084

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5650
  • Rivera Tract Subdivision

Building Details

  • Operating Expense $1,121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$971

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-1
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: RIVERA TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 150.0

Lot Info

  • Lot Size: 5650
  • Additional Parcels: No
  • Parcel #: 105-34-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 1121.0

Tax Info

  • Tax Annual Amount: 971.0
  • Tax Block: 4
  • Tax Book Number: 105.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2020
Sold by
Lee Theodore Jungho
Bought by
Honukai Properties Llc
Current Estimated Value
$482,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,800
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2020
Sold by
Honukai Properties Llc
Bought by
Lee Theodore Jungho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,800
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2019
Closed on
Nov 26, 2019
Sold by
Lee Theodore Jungho
Bought by
Honukai Properties Llc
Seller's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$225,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2018
Sold by
Hammond Mccormish Llc
Bought by
Southwest Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 30, 2013
Closed on
Jul 16, 2013
Sold by
Terry Jara
Bought by
Hammon Mccormish Llc
Seller's Agent
J.T. Terry
Prime Arizona Realty
Buyer's Agent
Stephen Earnhart
SRL Group
List Price
$124,900
Sold Price
$124,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%

Purchase Details

Closed on
Feb 28, 2013
Sold by
Terry Lula C
Bought by
Terry Jara

Purchase Details

Closed on
Sep 15, 2010
Sold by
Terry Jara
Bought by
Terry Lula C and Lula C Terry Revocable Living Trust

Purchase Details

Closed on
Jul 7, 2009
Sold by
The Bank Of New York Mellon
Bought by
Terry Jara

Purchase Details

Closed on
Dec 2, 2008
Sold by
Burney Barbara
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 16, 2005
Sold by
Burney James D
Bought by
Burney Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2005
Sold by
Burney Barbara
Bought by
Burney James D and Burney Barbara L

Purchase Details

Closed on
Nov 9, 2004
Sold by
Country Meadows Llc
Bought by
Burney James D and Burney Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Eckman Robert L and Eckman Lisa
Bought by
Country Meadows Llc

Purchase Details

Closed on
May 13, 2004
Sold by
Jonovich/Toon Enterprises Llc
Bought by
Eckman Robert and Eckman Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,800
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2001
Sold by
Samudio Frances
Bought by
Jonovich/Toon Enterprises Llc
Source: Public Records

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
Honukai Properties Llc -- Timios Inc
Lee Theodore Jungho -- Timios Inc
Honukai Properties Llc -- Accommodation
Lee Theodore Jungho -- Great American Title Agency
Lee Theodore Jungho $300,000 Great American Title Agency
Southwest Property Llc $320,000 Pioneer Title Agency Inc
Hammon Mccormish Llc $124,900 Great American Title Agency
Terry Jara -- None Available
Terry Lula C -- None Available
Terry Jara $50,100 Great American Title Agency
The Bank Of New York Mellon $130,000 Great American Title Agency
Burney Barbara -- First American Title Ins Co
Burney James D -- First American Title
Burney James D $215,000 Westland Title Agency Of Az
Country Meadows Llc -- --
Eckman Robert $203,000 Westland Title Agency
Jonovich/Toon Enterprises Llc $29,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Theodore Jungho $226,800
Previous Owner Lee Theodore Jungho $225,000
Previous Owner Southwest Property Llc $330,000
Previous Owner Burney Barbara $195,000
Previous Owner Burney James D $161,250
Previous Owner Eckman Robert $162,800
Closed Eckman Robert $20,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $300,000 -4.8% $132 / Sq Ft
10/18/2019 10/18/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $315,000 +152.2% $138 / Sq Ft
07/19/2013 07/19/13 Sold $124,900 0.0% $55 / Sq Ft
07/08/2013 07/08/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $124,900 -- $55 / 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 $1,014 $7,581 -- --
2024 $1,004 $7,220 -- --
2023 $1,004 $27,450 $5,490 $21,960
2022 $968 $19,410 $3,880 $15,530
2021 $961 $15,950 $3,190 $12,760
2020 $972 $13,610 $2,720 $10,890
2019 $971 $12,320 $2,460 $9,860
2018 $954 $12,230 $2,440 $9,790
2017 $932 $10,470 $2,090 $8,380
2016 $905 $8,230 $1,640 $6,590
2015 $837 $7,200 $1,440 $5,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5990311

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-34-084