NOT LISTED FOR SALE

Estimated Value: $498,661 - $811,000

Studio
-- Bath
2,592 Sq Ft
$251/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $272,000 $105 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,493/month

32 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2018

TENANTS RIGHT IN ALL UNITS
THIS 4 PLEX RUNS ITSELF
ALL UNITS ARE 2 BED, 1BA
VIEWING OF UNITS DURING INSPECTION PERIOD
CURRENT RENTAL RATES ARE LOW CHECK COMPS.

Last Agent to Sell the Property

Scottee Eisenhart

Scottee The Realtor License #BR105645000 Listed on: 05/22/2018

Co-Listed By

Venkata Narla

Lotus Real Estate License #BR548234000

Last Buyer's Agent

Martina Enriquez

HomePros License #SA506229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,154

Year Built

  • Built in 1984

Lot Details

  • 4,138

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 48
  • Assessor Parcel Number 117-06-069-L

Community Details

Overview

  • 4 Units
  • Building Dimensions are 162X75
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $4,954
  • Gross Income $12,000
  • Net Operating Income $20,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,154

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 16th ST AND Oak St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: lotu001
  • Co List Office Phone: 602-773-1259
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Tax Parcel Letter: L
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other (See Remarks), BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Lot Info

  • Lot Size: 162X75
  • Additional Parcels: No
  • Parcel #: 117-06-069-L

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 12000.0
  • Insurance Expense: 1100.0
  • Property Net Operating Income: 20056.0
  • Annual Operating Expense: 4954.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1154.0
  • Tax Book Number: 117.00
  • Tax Lot: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Jul 17, 2018
Sold by
Hernandez Roy S
Bought by
Duarte Carlos A Figueroa and Alegria Christina Baird
Seller's Agent
Scottee Eisenhart
Scottee The Realtor
Buyer's Agent
Martina Enriquez
HomePros
List Price
$269,900
Sold Price
$272,000
Premium/Discount to List
$2,100
0.78%
Current Estimated Value
$650,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,915
Avg. Annual Appreciation
12.34%
Original Mortgage
$103,000
Outstanding Balance
$89,462
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$561,453

Purchase Details

Closed on
Jan 29, 2009
Sold by
Henderson Roy S and Henderson Andrea
Bought by
Henderson Roy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.01%
Mortgage Type
New Conventional
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
Duarte Carlos A Figueroa $272,000 Empire West Title Agency Llc
Henderson Roy S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duarte Carlos A Figueroa $103,000
Previous Owner Henderson Roy S $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $272,000 +0.8% $105 / Sq Ft
07/27/2018 07/27/18 For Sale $269,900 0.0% $104 / Sq Ft
07/27/2018 07/27/18 Price Changed $269,900 0.0% $104 / Sq Ft
06/07/2018 06/07/18 Price Changed $269,900 -3.6% $104 / Sq Ft
05/11/2018 05/11/18 For Sale $279,900 -- $108 / 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 $1,351 $10,006 -- --
2024 $1,286 $9,529 -- --
2023 $1,286 $42,670 $8,530 $34,140
2022 $1,235 $32,000 $6,400 $25,600
2021 $1,265 $23,630 $4,720 $18,910
2020 $1,235 $20,600 $4,120 $16,480
2019 $1,226 $18,080 $3,610 $14,470
2018 $1,201 $15,950 $3,190 $12,760
2017 $1,154 $14,570 $2,910 $11,660
2016 $1,110 $12,000 $2,400 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5769503

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-069L