NOT LISTED FOR SALE

Estimated Value: $346,033 - $972,000

Studio
-- Bath
2,760 Sq Ft
$249/Sq Ft Est. Value

Last Sold August 29, 2013

Last sale price $150,000 $54 Per Sq Ft

Est. 359% increase in value since last sale

Current estimated payment $3,723/month

17 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of August 2013

This is a great income property. We have done quite a few improvements and the tenants are great. Drive by only. DO NOT BOTHER TENANTS.

Last Agent to Sell the Property

Mark Spinks

Legendary Realty & Management LLC License #BR520304000 Listed on: 07/26/2013

Last Buyer's Agent

John Rucidlo

AgentHub 360, LLC License #BR006054000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $851

Year Built

  • Built in 1970

Lot Details

  • 0.27

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 36
  • Assessor Parcel Number 117-06-032-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr

Building Details

  • Gross Income $16,200
  • Net Operating Income $7,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$851

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: 16th Street/Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 117-06-032-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 16200.0
  • Insurance Expense: 1100.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 7698.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 851.0
  • Tax Book Number: 117.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2024
Sold by
Lam Stephen
Bought by
Skl Trust and Lam
Current Estimated Value
$688,008

Purchase Details

Listed on
Jul 26, 2013
Closed on
Aug 6, 2013
Sold by
Hawthorn Holdings Llc
Bought by
Lam Stephen
Seller's Agent
Mark Spinks
Legendary Realty & Management LLC
Buyer's Agent
John Rucidlo
AgentHub 360, LLC
List Price
$145,000
Sold Price
$150,000
Premium/Discount to List
$5,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.08%
Original Mortgage
$105,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2012
Closed on
Dec 20, 2012
Sold by
Vitullo Naomi
Bought by
Vitullo Tim
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mark Spinks
Legendary Realty & Management LLC
List Price
$134,900
Sold Price
$125,000
Premium/Discount to List
-$9,900
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.27%
Original Mortgage
$93,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2009
Sold by
Cordero Gabino Flores
Bought by
Pk Holdings Llc

Purchase Details

Closed on
Feb 23, 2009
Sold by
Cordero Gabino Flores
Bought by
P K Holdings Llc

Purchase Details

Closed on
Jul 20, 2007
Sold by
Lopez Eduardo J
Bought by
Cordero Gabino Flores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2005
Sold by
Marcus Narcis and Marcus Monica
Bought by
Lopez Eduardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2003
Sold by
Perez Jose O and Perez Audelia
Bought by
Marcus Narcis and Marcus Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
5.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2000
Sold by
Halt Robert J and Halt Lynn D
Bought by
Perez Jose O and Perez Audelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,775
Interest Rate
8.06%
Mortgage Type
FHA
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
Skl Trust -- None Listed On Document
Lam Stephen $150,000 Lawyers Title Of Arizona Inc
Vitullo Tim -- Chicago Title Agency Inc
Vitullo Tim $125,000 Chicago Title Agency Inc
Pk Holdings Llc $150,000 None Available
P K Holdings Llc $150,000 None Available
Cordero Gabino Flores $320,000 Camelback Title Agency Llc
Lopez Eduardo J -- Lawyers Title Insurance Corp
Marcus Narcis $163,000 Fidelity National Title
Perez Jose O $115,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lam Stephen $105,000
Previous Owner Vitullo Tim $93,750
Previous Owner Cordero Gabino Flores $256,000
Previous Owner Lopez Eduardo J $207,200
Previous Owner Marcus Narcis $146,700
Previous Owner Perez Jose O $114,775
Closed Lopez Eduardo J $25,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2013 08/29/13 Sold $150,000 +3.4% $54 / Sq Ft
08/01/2013 08/01/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $145,000 +16.0% $53 / Sq Ft
12/27/2012 12/27/12 Sold $125,000 -7.3% $45 / Sq Ft View Prior Sale
11/21/2012 11/21/12 Pending -- -- --
09/21/2012 09/21/12 For Sale $134,900 -- $49 / 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 $1,504 $11,134 -- --
2024 $1,431 $10,604 -- --
2023 $1,431 $49,180 $9,830 $39,350
2022 $1,375 $36,820 $7,360 $29,460
2021 $1,408 $28,160 $5,630 $22,530
2020 $1,374 $24,170 $4,830 $19,340
2019 $1,364 $20,280 $4,050 $16,230
2018 $1,336 $17,630 $3,520 $14,110
2017 $1,285 $15,920 $3,180 $12,740
2016 $1,235 $13,510 $2,700 $10,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4973443

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-032A