NOT LISTED FOR SALE

Estimated Value: $447,180 - $647,000

-- Bed
-- Bath
1,665 Sq Ft
$311/Sq Ft Est. Value

Last Sold March 20, 2017

Last sale price $196,500 $118 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $2,977/month

24 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of March 2017

Cash flowing & well maintained DUPLEX in nice neighborhood near Loop-202 & 143, Sky Harbor, Gateway District and Arcadia Crossing (Including Target, Costco, Fry's and more). Two 2BD/1BA units with long-term M2M $675/mo rents each. Total annual income $16,540. Rents may be under today's market. 2-car carport plus slab, community laundry and storage, gas water heater, separate HVACs, newer roof and exterior paint, new fencing, Unit #B completely remodeled w/ new kitchen, bathrooms, wood laminate flooring, paint, fixtures and crown molding. Unit #A is more original but has some updating. Pets ok.

Last Agent to Sell the Property

Dennis Rosvall

Urban House Realty Listed on: 02/01/2017

Last Buyer's Agent

Danae Watts

Realty ONE Group License #SA632279000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $789

Year Built

  • Built in 1960

Lot Details

  • 6,708

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

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

Schools

  • Griffith Elementary Middle School
  • Camelback High School

Utilities

  • Multiple cooling system units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 126-07-071

Community Details

Overview

  • 2 Units
  • Building Dimensions are .15 acres / 6,695 sqft
  • Ella Lee Subdivision

Building Details

  • Operating Expense $12,283
  • Gross Income $15,713
  • Net Operating Income $5,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$789

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd & 44th
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2016
  • Directions: South to Palm Ln, West to 42nd St, South to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1591.44
  • Subdivision Name: ELLA LEE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, 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:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Heat Pump, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Fuel Expense: 300.0
  • Annual Water Sewer Expense: 2563.5

Schools

  • High School: Camelback High School
  • Middle Or Junior School: Griffith Elementary School

Lot Info

  • Lot Size: .15 acres / 6,695 sqft
  • Additional Parcels: No
  • Parcel #: 126-07-071

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 15712.52
  • Maintenance Expense: 5447.73
  • Property Net Operating Income: 5045.43
  • Annual Operating Expense: 12283.07
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 789.0
  • Tax Book Number: 126.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 9, 2017
Sold by
Brink Craig and Brink Karuna
Bought by
Curtis Justin and Vermeul Taback Caia
Seller's Agent
Dennis Rosvall
Urban House Realty
Buyer's Agent
Danae Watts
Realty ONE Group
List Price
$199,000
Sold Price
$196,500
Premium/Discount to List
-$2,500
-1.26%
Total Days on Market
24
Current Estimated Value
$518,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,545
Avg. Annual Appreciation
12.39%

Purchase Details

Closed on
Jun 16, 2010
Sold by
Paying Cash For Houses Com Llc
Bought by
Brink Craig and Brink Karuna

Purchase Details

Closed on
May 27, 2010
Sold by
Shipley Rebecca
Bought by
Payingcashforhouses Com Llc

Purchase Details

Closed on
Jan 22, 2007
Sold by
New Orangetree Condominium Llc
Bought by
Shipley Rebecca C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2006
Sold by
Kuenster Enterprises Llc
Bought by
New Orangetree Condominium Llc

Purchase Details

Closed on
May 30, 2003
Sold by
Tim Faust Llc
Bought by
Kuenster Enterprises Llc

Purchase Details

Closed on
Oct 8, 1998
Sold by
Almeria Manor and Grady James P
Bought by
Orangetree Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Curtis Justin $196,500 Great American Title Agency
Brink Craig $57,000 Magnus Title Agency
Payingcashforhouses Com Llc $43,100 None Available
Shipley Rebecca C $187,500 Title Guaranty Agency Of Az
New Orangetree Condominium Llc $3,175,000 Title Guaranty Agency
Kuenster Enterprises Llc $1,985,000 Capital Title Agency Inc
Orangetree Apartments Llc $1,600,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shipley Rebecca C $140,000
Previous Owner Orangetree Apartments Llc $1,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2017 03/20/17 Sold $196,500 -1.3% $118 / Sq Ft
02/25/2017 02/25/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $199,000 0.0% $120 / Sq Ft
02/05/2017 02/05/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $199,000 -- $120 / 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 $941 $7,837 -- --
2024 $932 $7,464 -- --
2023 $932 $28,920 $5,780 $23,140
2022 $899 $20,960 $4,190 $16,770
2021 $914 $20,410 $4,080 $16,330
2020 $897 $17,410 $3,480 $13,930
2019 $894 $16,260 $3,250 $13,010
2018 $842 $14,470 $2,890 $11,580
2017 $806 $13,550 $2,710 $10,840
2016 $789 $12,800 $2,560 $10,240
2015 $740 $8,430 $1,680 $6,750
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5554880

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-071