NOT LISTED FOR SALE

Estimated Value: $446,000 - $587,000

-- Bed
3 Baths
1,745 Sq Ft
$299/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $257,000 $147 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,884/month

5 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heat Pump System
  • Solano School Rated 9+
  • Central Air

About This Home

As of March 2019

Great business opportunity! Come see this charming property located in Phoenix! This is a multi-dwelling with 2 buildings with a total of 3 units. Main home is detached and offers 3 beds & 1 bath, formal living room, galley kitchen, tile flooring throughout, formal dining room, and family room. Larger master bedroom and closet. Spacious backyard features a covered patio and great landscaping potential for a nice oasis. Duplex have a low maintenance backyard with covered patio for each unit. Both units have 1 bedroom & 1 bath. You can use the main home for living while renting out the duplex units. Please DO NOT DISTURB TENANTS. Showings only after contract acceptance. Call listing agent today with any additional questions

Last Agent to Sell the Property

Shawn Glynn

My Home Group Real Estate Listed on: 02/01/2019

Last Buyer's Agent

Tyler Davis

Coldwell Banker Realty License #SA671119000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,357

Year Built

  • Built in 1964

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • RV or Boat Parking

Schools

  • Solano Elementary School
  • Osborn Middle School
  • University High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 156-37-031

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 10,001 - 12,500
  • Nile Tract Blk 2 Subdivision

Building Details

  • Operating Expense $3,757
  • Gross Income $2,300
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,357

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: W Camelback Rd & N 15th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2018
  • Directions: Head west on W Camelback Rd, Turn right onto N 17th Ave, Turn left onto W Colter St. Property will be on the left.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: NILE TRACT BLK 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: RV/Boat Parking, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Heat Pump, Individual, Central A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Solano School
  • High School: University High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 10,001 - 12,500
  • Additional Parcels: No
  • Parcel #: 156-37-031

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 2300.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 3757.0

Tax Info

  • Tax Annual Amount: 1357.0
  • Tax Book Number: 156.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2021
Sold by
Crouch Norma and Crouch Arthur
Bought by
Crouch Melanie and Crouch Norma
Current Estimated Value
$521,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Outstanding Balance
$173,959
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$347,431

Purchase Details

Listed on
Feb 1, 2019
Closed on
Mar 1, 2019
Sold by
Gallardo Jesus C
Bought by
Crouch Norma and Crouch Arthur
Seller's Agent
Shawn Glynn
My Home Group Real Estate
Buyer's Agent
Tyler Davis
Coldwell Banker Realty
List Price
$255,000
Sold Price
$257,000
Premium/Discount to List
$2,000
0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$192,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2002
Sold by
Havic Samir and Havic Sadmira
Bought by
Gallardo Jesus C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,893
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 1999
Sold by
Garvey James P and Garvey Sandra L
Bought by
Havic Samir and Havic Sadmira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,353
Interest Rate
7.2%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 1996
Sold by
Garvey James P and Garvey Sandra L
Bought by
Garvey James P and Garvey Sandra L

Purchase Details

Closed on
Sep 24, 1973
Sold by
Holmes A L and Holmes Velma Faye
Bought by
Salyers Charles and Salyers Nancy
Source: Public Records

Range of Values:

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Average Value
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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
Crouch Melanie -- First American Title Ins Co
Crouch Norma $257,000 Landmark Title Assurance Age
Gallardo Jesus C $129,900 American Title Insurance
Havic Samir $95,500 Lawyers Title Of Arizona Inc
Garvey James P -- --
Salyers Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crouch Melanie $194,500
Closed Crouch Norma $192,750
Previous Owner Gallardo Jesus C $127,893
Previous Owner Havic Samir $95,353
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2019 03/05/19 Sold $257,000 +0.8% $147 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $255,000 -- $146 / 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 $1,540 $12,276 -- --
2024 $1,488 $11,691 -- --
2023 $1,488 $46,400 $9,280 $37,120
2022 $1,480 $32,450 $6,490 $25,960
2021 $1,505 $28,730 $5,740 $22,990
2020 $1,467 $24,030 $4,800 $19,230
2019 $1,403 $20,430 $4,080 $16,350
2018 $1,357 $15,880 $3,170 $12,710
2017 $1,246 $14,000 $2,800 $11,200
2016 $1,202 $12,320 $2,460 $9,860
2015 $1,117 $10,760 $2,150 $8,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5878032

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-37-031