NOT LISTED FOR SALE

Estimated Value: $923,000 - $1,177,000

Studio
1 Bath
875 Sq Ft
$1,160/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $950,000 $1,086 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,338/month

2 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of August 2021

This fourplex is STILL under remodel. Do not walk the site for liability reasons. I am happy to meet onsite for tours. There is well over 200K of remodeling done and the rent study shows that rents will be at $1495 per door. See the Cap-Ex list under the documents Tab. Buyer to verify all facts and figures. All extensive Construction done by Licensed Contractor; 2 bedroom 1 bath; New flooring; New Dual Pane Windows; New Quartz Counter Tops; New Tile Back Splash; New Roof; New New Air-conditioners; New Hot Water Heaters; New Parking Lot; New Stainless Steel Appliances including Microwave and Refrigerator with Ice Maker; New Stackable Washer and Dryer in each Unit; New Landscaping; Cat 5 in Each unit.NEW NEW NEW

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 07/31/2021

Last Buyer's Agent

Linda CCIM

Stephen Magee Int'l Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,361

Year Built

  • Built in 1970

Lot Details

  • 10,585

Home Design

  • Block Exterior
  • Stucco

Parking

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

Schools

  • Creighton Elementary School
  • Loma Linda Elementary Middle School
  • North High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 35
  • Assessor Parcel Number 117-05-071-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10601
  • Greenfield Acres Tract 2 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $12,915
  • Gross Income $69,607
  • Net Operating Income $56,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,361

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Yale and 16th st
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 5569.0
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 10601
  • Additional Parcels: No
  • Parcel #: 117-05-071-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 69607.2
  • Insurance Expense: 2185.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 56693.0
  • Annual Operating Expense: 12915.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1361.0
  • Tax Book Number: 117.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2021
Closed on
Jul 30, 2021
Sold by
Ariel Properties Llc
Bought by
Romero Conchita and Conchita Romero Family Trust
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%
Current Estimated Value
$997,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,027
Avg. Annual Appreciation
1.50%

Purchase Details

Listed on
Jul 31, 2021
Closed on
Jul 29, 2021
Sold by
Ariel Properties
Bought by
Conchita Romero Family Trust and Romero
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Purchase Details

Closed on
Jan 25, 2021
Sold by
Pollard Joy and Baker Joseph M
Bought by
Ariel Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.71%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 10, 2021
Sold by
Munoz Jorge L
Bought by
Pollard Joy and Baker Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.71%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 2, 2012
Sold by
Vanhuizen Willa Jean
Bought by
Munoz Jorge L
Seller's Agent
Trevor Van Huizen
DF
Buyer's Agent
Dennis Fedele
Keller Williams Realty East Valley
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.54%
Original Mortgage
$98,775
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Vanhuizen Lynn Jon and Van Huizen Willa Jean

Purchase Details

Closed on
Nov 17, 2006
Sold by
Silva Ernesto
Bought by
Lara Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,200
Interest Rate
6.37%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 27, 2005
Sold by
Johns Michael
Bought by
Silva Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,040
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2005
Sold by
Silva Monica G
Bought by
Silva Ernesto A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,040
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 1998
Sold by
Zwarg Paul K and Zwarg Diane L
Bought by
Johns Michael
Source: Public Records
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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
Romero Conchita $950,000 Empire West Title Agency Llc
Conchita Romero Family Trust $950,000 Empire West Title
Ariel Properties Llc -- Accommodation
Pollard Joy $510,000 Empire West Title
Munoz Jorge L $131,700 Security Title Agency
Vanhuizen Lynn Jon $96,000 Great American Title Agency
Lara Jose A $406,000 Camelback Title Agency Llc
Silva Ernesto $316,300 Camelback Title Agency Llc
Silva Ernesto A -- Camelback Title Agency Llc
Johns Michael $93,413 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pollard Joy $0
Previous Owner Munoz Jorge L $98,775
Previous Owner Lara Jose A $81,200
Previous Owner Silva Ernesto $253,040
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2021 08/02/21 Sold $950,000 0.0% $344 / Sq Ft View Prior Sale
08/02/2021 08/02/21 Sold $950,000 -2.6% $1,086 / Sq Ft
07/31/2021 07/31/21 For Sale $975,000 0.0% $1,114 / Sq Ft
07/31/2021 07/31/21 Price Changed $975,000 +2.6% $1,114 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $950,000 -2.6% $344 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/12/2021 05/12/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $975,000 +622.2% $1,114 / Sq Ft
11/14/2012 11/14/12 Sold $135,000 -3.6% $154 / Sq Ft View Prior Sale
10/08/2012 10/08/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $140,000 -- $160 / 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 $1,489 $11,027 -- --
2024 $1,417 $10,502 -- --
2023 $1,417 $48,700 $9,740 $38,960
2022 $1,361 $36,470 $7,290 $29,180
2021 $1,395 $27,810 $5,560 $22,250
2020 $1,361 $23,880 $4,770 $19,110
2019 $1,351 $20,120 $4,020 $16,100
2018 $1,323 $17,500 $3,500 $14,000
2017 $1,272 $15,820 $3,160 $12,660
2016 $1,223 $13,380 $2,670 $10,710
2015 $1,138 $11,430 $2,280 $9,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6235137

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-05-071D