NOT LISTED FOR SALE

Estimated Value: $399,000 - $512,000

Studio
-- Bath
2,520 Sq Ft
$183/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2021

Last sale price $425,000 $169 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,638 / mo

2 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • Heating Available

About This Home

As of September 2021

Constructed by Thornton's Contracting Company in 2003. Each unit features four (4) bedrooms and two (2) baths for a total of eight (8) bedrooms and four (4) baths. Sold as a pair only with 1807 E. Wood Street (MLS # 6281535). Good building maintenance. Established and stable tenants are paying rent. No HOA.

Last Agent to Sell the Property

Patty Camp Schmid

Berkshire Hathaway HomeServices Arizona Properties License #SA552625000 Listed on: 08/19/2021

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

David Schmid

Berkshire Hathaway HomeServices Arizona Properties License #BR575488000

Last Buyer's Agent

Robert Tolnai

eXp Realty License #SA529823000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,215

Year Built

  • Built in 2003

Lot Details

  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Additional Parking
  • On-Street Parking

Schools

  • Martin Luther King Early Childhood Center Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Legal Lot and Block 1 / 4
  • Assessor Parcel Number 122-38-056

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6,558
  • Belmont Park Subdivision

Building Details

  • Operating Expense $3,720
  • Gross Income $25,200
  • Net Operating Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,215

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 16th St & Broadway
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: praz10
  • Co List Office Phone: 602-288-4400
  • Subdivision Name: BELMONT PARK
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Central Air, Electric, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Disposal, W/D Hookup
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Features: 1 Space/Unit, On Street, Add'l Parking Avail

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Electric, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Martin Luther King Early Childhood Center
  • High School: South Mountain High School
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 6,558
  • Additional Parcels: No
  • Parcel #: 122-38-056

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0
  • Insurance Expense: 705.0
  • Property Net Operating Income: 21480.0
  • Annual Operating Expense: 3720.0

Tax Info

  • Tax Annual Amount: 1215.0
  • Tax Block: 4
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Bought by
Current Estimated Value
$460,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Outstanding Balance
$332,017
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$128,394

Purchase Details

Closed on
Jan 29, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Outstanding Balance
$332,017
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$128,394

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 15, 2021
Sold by
Bought by
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Robert Tolnai
eXp Realty
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.64%
Original Mortgage
$312,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 19, 2021
Closed on
Sep 13, 2021
Sold by
Bought by
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Robert Tolnai
eXp Realty
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2012
Closed on
Sep 20, 2012
Sold by
Bought by
Seller's Agent
Deborah Bond
HomeSmart
Buyer's Agent
Kimberly D. Hunter
RE/MAX Signature
List Price
$87,900
Sold Price
$84,500
Premium/Discount to List
-$3,400
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.85%
Original Mortgage
$63,375
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2011
Closed on
Jan 25, 2012
Sold by
Bought by
Seller's Agent
David Fisher
HomeSmart
Buyer's Agent
Alice Acosta
Alice N Acosta
List Price
$69,900
Sold Price
$69,000
Premium/Discount to List
-$900
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.50%
Original Mortgage
$51,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
8.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.24%

Purchase Details

Closed on
Jul 5, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Mountain, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- Great American Title Agency
-- Accommodation
$417,000 Desert Title Agency
$84,500 Great American Title Agency
$73,000 American Title Service Agenc
$49,000 Lsi Title Agency
$60,421 None Available
$190,000 Great American Title Agency
$187,000 Tsa Title Agency
-- Century Title Agency Inc
$15,000 Chicago Title Insurance Co
$18,775 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $340,900
Previous Owner $312,750
Previous Owner $63,375
Previous Owner $51,750
Previous Owner $51,750
Previous Owner $209,600
Previous Owner $133,000
Previous Owner $168,300
Previous Owner $109,000
Previous Owner $15,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2021 09/23/21 Sold $425,000 0.0% $169 / Sq Ft
08/22/2021 08/22/21 For Sale $425,000 0.0% $169 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $425,000 +403.0% $169 / Sq Ft
10/24/2012 10/24/12 Sold $84,500 -3.9% $34 / Sq Ft View Prior Sale
10/24/2012 10/24/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $87,900 +27.4% $35 / Sq Ft
01/27/2012 01/27/12 Sold $69,000 -1.3% $27 / Sq Ft View Prior Sale
12/04/2011 12/04/11 Pending -- -- --
11/21/2011 11/21/11 For Sale $69,900 -- $28 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,300 $8,620
2024 $1,230 $8,210
2023 $1,230 $38,780 $7,750 $31,030
2022 $1,205 $24,300 $4,860 $19,440
2021 $1,230 $19,610 $3,920 $15,690
2020 $1,215 $17,680 $3,530 $14,150
2019 $1,175 $16,330 $3,260 $13,070
2018 $1,144 $13,610 $2,720 $10,890
2017 $1,090 $11,180 $2,230 $8,950
2016 $1,037 $9,800 $1,960 $7,840
2015 $976 $7,870 $1,570 $6,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6281529

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-38-056

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