NOT LISTED FOR SALE

Estimated Value: $818,000 - $981,695

2 Beds
-- Bath
4,004 Sq Ft
$225/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $600,000 $150 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,904/month

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 3-minute walk to Paradise Valley Park
  • Whispering Wind Academy Rated A-

About This Home

As of June 2019

3 large 2/1's at $900ea and 1-2/1.5 @ $1120.
Property sold prior to MLS and added for comparable purposes.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/13/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/13/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1981

Lot Details

  • 0.29

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 215-16-063-U

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $8,774
  • Gross Income $41,256
  • Net Operating Income $32,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,658

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 40th ST Bell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2018
  • Directions: N 40th St Property will be on the left (East) side.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: U
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: 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, SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: 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: 2810.18

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 215-16-063-U

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 810.03
  • Annual Gross Income: 41256.0
  • Insurance Expense: 1412.0
  • Maintenance Expense: 1584.0
  • Property Net Operating Income: 32091.61
  • Annual Operating Expense: 8774.21
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1658.0
  • Tax Book Number: 215.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2019
Closed on
Jun 10, 2019
Sold by
Yee Galen
Bought by
Yee Anne
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$585,000
Sold Price
$600,000
Premium/Discount to List
$15,000
2.56%
Current Estimated Value
$899,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,174
Avg. Annual Appreciation
6.57%
Original Mortgage
$317,650
Outstanding Balance
$279,292
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$619,882

Purchase Details

Listed on
Jun 13, 2019
Closed on
May 31, 2019
Sold by
40Th Street Apts Llc
Bought by
Yee Anne
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$585,000
Sold Price
$600,000
Premium/Discount to List
$15,000
2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,650
Outstanding Balance
$279,292
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$619,882

Purchase Details

Closed on
Feb 6, 2014
Sold by
Warjone James E and Warjone Christine M
Bought by
40Th Street Apts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2011
Sold by
Cm 40 St Llc
Bought by
Warjone James E and Warjone Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2010
Sold by
Covaciu Cristian and Covaciu Magdalena
Bought by
Cm 40 St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2010
Sold by
Pagliaro Tony A and Pagliaro Jeanette M
Bought by
Covaciu Cristian and Covaciu Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
Covaciu Benjamin
Bought by
Pagliaro Tony A and Pagliaro Jeanette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2005
Sold by
Covaciu Corina
Bought by
Covaciu Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2005
Sold by
Hartmark Keith A
Bought by
Covaciu Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2003
Sold by
Neal Sarah R
Bought by
Neal Sarah R and Sarah R Neal Living Trust

Purchase Details

Closed on
Dec 3, 2002
Sold by
Moushi Sameer Y
Bought by
Hartmark Keith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2002
Sold by
Wanna Linda
Bought by
Moushi Sameer Y and Moushi Sameer

Purchase Details

Closed on
Feb 8, 2002
Sold by
Desimone Carlo and Desimone Barbara M
Bought by
Wanna Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 1994
Sold by
Bentley Howard R
Bought by
Desimone Carlo and Desimone Barbara M

Purchase Details

Closed on
Sep 27, 1994
Sold by
Desimone Mario and Desimone Giovanna
Bought by
Bentley Howard R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yee Anne -- Chicago Title Agency
Yee Anne $600,000 Chicago Title Agency
40Th Street Apts Llc $230,000 Lawyers Title Of Arizona Inc
Warjone James E $200,000 First American Title Ins Co
Cm 40 St Llc -- Thomas Title & Escrow
Covaciu Cristian $120,000 Chicago Title
Pagliaro Tony A $445,000 Capital Title Agency Inc
Covaciu Benjamin -- Capital Title Agency Inc
Hartmark Keith A -- Capital Title Agency Inc
Covaciu Benjamin -- Capital Title Agency Inc
Neal Sarah R -- --
Hartmark Keith A $265,000 Fidelity National Title
Moushi Sameer Y $255,000 Security Title Agency
Wanna Linda $245,000 Security Title Agency
Desimone Carlo $117,000 Old Republic Title Agency
Bentley Howard R -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yee Anne $317,650
Previous Owner 40Th Street Apts Llc $184,000
Previous Owner Warjone James E $150,000
Previous Owner Cm 40 St Llc $116,000
Previous Owner Pagliaro Tony A $311,500
Previous Owner Hartmark Keith A $210,000
Previous Owner Covaciu Benjamin $210,000
Previous Owner Hartmark Keith A $225,000
Previous Owner Wanna Linda $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2019 06/13/19 Sold $600,000 +2.6% $150 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $585,000 -- $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 $1,817 $18,258 -- --
2024 $1,779 $17,389 -- --
2023 $1,779 $58,360 $11,670 $46,690
2022 $1,761 $45,660 $9,130 $36,530
2021 $1,767 $42,760 $8,550 $34,210
2020 $1,712 $40,650 $8,130 $32,520
2019 $1,714 $32,230 $6,440 $25,790
2018 $1,658 $28,260 $5,650 $22,610
2017 $1,589 $26,370 $5,270 $21,100
2016 $1,563 $22,260 $4,450 $17,810
2015 $1,447 $26,650 $5,330 $21,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5939420

Arizona Regional Multiple Listing Service (ARMLS)

APN: 215-16-063U