NOT LISTED FOR SALE

Estimated Value: $338,939 - $478,000

Studio
-- Bath
1,610 Sq Ft
$259/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $330,000 $205 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,232/month

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2021

Masonry duplex. Remodeled both kitchens in 2014. Replaced Unit 1 AC in 2015, Unit 2 AC in 2016, and roof and exterior paint in 2017.

Last Agent to Sell the Property

Patty Camp Schmid

Berkshire Hathaway HomeServices Arizona Properties License #SA552625000 Listed on: 12/14/2021

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

David Schmid

Berkshire Hathaway HomeServices Arizona Properties License #BR575488000

Last Buyer's Agent

Kevin McGowin

Go Win Property Management License #BR687250000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $839

Year Built

  • Built in 1985

Lot Details

  • 6,055

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 122-38-021

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6069 SQ FT
  • Belmont Park Blks 1, 3 & 5 Subdivision

Building Details

  • Operating Expense $3,648
  • Gross Income $20,400
  • Net Operating Income $16,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$839

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 16th STREET & BROADWAY
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: praz10
  • Co List Office Phone: 602-288-4400
  • Subdivision Name: BELMONT PARK BLKS 1, 3 & 5
  • 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, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

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

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1999.0

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: 6069 SQ FT
  • Additional Parcels: No
  • Parcel #: 122-38-021

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 20400.0
  • Insurance Expense: 810.0
  • Property Net Operating Income: 16751.0
  • Annual Operating Expense: 3648.0

Tax Info

  • Tax Annual Amount: 839.0
  • Tax Block: 2
  • Tax Book Number: 122.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Feb 11, 2022
Sold by
Km Lizard Properties Llc
Bought by
Torres Timoteo and Matzir Didimo
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Kevin McGowin
Go Win Property Management
List Price
$320,000
Sold Price
$330,000
Premium/Discount to List
$10,000
3.12%
Current Estimated Value
$416,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,735
Avg. Annual Appreciation
5.92%
Original Mortgage
$288,750
Outstanding Balance
$268,126
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$148,609

Purchase Details

Listed on
Dec 14, 2021
Closed on
Dec 22, 2021
Sold by
1802 E Wood St Llc
Bought by
Km Lizard Properties Llc
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Kevin McGowin
Go Win Property Management
List Price
$320,000
Sold Price
$330,000
Premium/Discount to List
$10,000
3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Outstanding Balance
$268,126
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$148,609

Purchase Details

Listed on
Aug 6, 2013
Closed on
Dec 20, 2013
Sold by
Walker Damien
Bought by
1802 E Wood St Llc
Seller's Agent
Avril Hogan
ARC Real Estate
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$79,000
Sold Price
$60,000
Premium/Discount to List
-$19,000
-24.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.59%
Original Mortgage
$45,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2013
Closed on
Dec 11, 2013
Sold by
Brandini Holdings Llc
Bought by
Walker Damien
Seller's Agent
Avril Hogan
ARC Real Estate
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$79,000
Sold Price
$60,000
Premium/Discount to List
-$19,000
-24.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Nm Properties Llc
Bought by
Brandini Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2009
Sold by
Hsbc Bank Usa Na
Bought by
Nm Properties Llc

Purchase Details

Closed on
Jun 18, 2009
Sold by
Fulbright Darryl
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Nov 16, 2006
Sold by
Jackson Jack W and Jackson Leola
Bought by
Fulbright Darryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Torres Timoteo $385,000 Equity Title
Km Lizard Properties Llc $330,000 Equity Title
1802 E Wood St Llc -- None Available
Walker Damien $60,000 American Title Service Agenc
Brandini Holdings Llc -- Security Title Agency
Nm Properties Llc $27,000 Guaranty Title Agency
Hsbc Bank Usa Na $66,960 None Available
Fulbright Darryl $140,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Timoteo $288,750
Previous Owner Km Lizard Properties Llc $280,000
Previous Owner Walker Damien $45,000
Previous Owner Brandini Holdings Llc $100,000
Previous Owner Fulbright Darryl $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2021 12/28/21 Sold $330,000 +3.1% $205 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
12/14/2021 12/14/21 For Sale $320,000 +433.3% $199 / Sq Ft
12/13/2013 12/13/13 Sold $60,000 -24.1% $37 / Sq Ft View Prior Sale
11/08/2013 11/08/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $79,000 -- $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 $886 $5,879 -- --
2024 $839 $5,599 -- --
2023 $839 $27,920 $5,580 $22,340
2022 $822 $17,670 $3,530 $14,140
2021 $839 $14,500 $2,900 $11,600
2020 $829 $12,820 $2,560 $10,260
2019 $802 $11,570 $2,310 $9,260
2018 $780 $8,630 $1,720 $6,910
2017 $744 $7,920 $1,580 $6,340
2016 $707 $6,810 $1,360 $5,450
2015 $666 $5,360 $1,070 $4,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6331848

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-38-021