J
Seller's Agent in 2013
Jason Campagna
Orion Investment Real Estate
18041 N 40th Place Phoenix, AZ 85032
Estimated Value: $586,456 - $1,037,000
--
Bed
--
Bath
1,792
Sq Ft
$454/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Whispering Wind Academy Rated A-
About This Home
As of August 2013Tired of Short Sales or REOs? One of the Nicest and Best Located 4 units on the Market (2 duplexes on large lot)! All large 2 bed, 1 bath units on over-sized, corner lot. Turn Key, 100% occupied, with long term tenants. Actual rents #1-$650; #2-$919; #3-$615; #4-$750. Recent capital improvements include 3 newer AC's units, interior/exterior paint, and landscaping. Unit #1 has refinished cabinets, new tile and new carpet, #4 has newer carpet, tile, kitchen cabinets and counters. Drive by only. Please do NOT disturb tenants! Buyer to verify all facts and figures to their satisfaction.
Last Agent to Sell the Property
Jason Campagna
Orion Investment Real Estate License #SA543294000 Listed on: 02/07/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,015
Year Built
- Built in 1974
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
Parking
- 8 Parking Spaces
- Carport
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 18
- Assessor Parcel Number 215-16-082
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 11979
- Villa Paradise Subdivision
Building Details
- Operating Expense $7,954
- Net Operating Income $27,230
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2013
Closed on
Aug 1, 2013
Sold by
The Social Network Lc
Bought by
Lidell Denise
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Karen Pokorney
Compass
List Price
$339,000
Sold Price
$297,500
Premium/Discount to List
-$41,500
-12.24%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,114
Avg. Annual Appreciation
8.72%
Original Mortgage
$173,089
Interest Rate
3.92%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 28, 2008
Sold by
Covaciu Benjamin and Covaciu Corina
Bought by
40Th Place Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 14, 2008
Sold by
Novello Gene and Novello Sheila
Bought by
Covaciu Benjamin and Covaciu Corina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 2001
Sold by
Ralex Enterprises Llc
Bought by
Novello Gene and Novello Sheila
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 2, 1999
Sold by
Kiner Stephen J and Kiner Teresa
Bought by
Ralex Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.64%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 19, 1999
Sold by
Schumm Uri and Schumm Sylvia R
Bought by
Kiner Stephen J and Kiner Teresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.64%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 16, 1997
Sold by
Schumm Uri and Schumm Sylvia
Bought by
Schumm Uri and Schumm Sylvia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lidell Denise | -- | Lawyers Title Of Arizona Inc | |
| The Social Network Llc | $297,500 | Lawyers Title Of Arizona Inc | |
| 40Th Place Apartments Llc | -- | Capital Title Agency Inc | |
| Covaciu Benjamin | $265,000 | Capital Title Agency Inc | |
| Novello Gene | $204,000 | Capital Title Agency | |
| Ralex Enterprises Llc | -- | -- | |
| Kiner Stephen J | $190,000 | Capital Title Agency | |
| Schumm Uri | -- | North American Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 40Th Place Apartments Llc | $173,089 | |
| Previous Owner | 40Th Place Apartments Llc | $189,000 | |
| Previous Owner | Covaciu Benjamin | $185,000 | |
| Previous Owner | Novello Gene | $153,000 | |
| Previous Owner | Kiner Stephen J | $161,500 | |
| Closed | Kiner Stephen J | $9,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2013 08/29/13 | Sold | $297,500 | -12.2% | $166 / Sq Ft |
| 07/26/2013 07/26/13 | Pending | -- | -- | -- |
| 02/07/2013 02/07/13 | For Sale | $339,000 | -- | $189 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,567 | $15,744 | -- | -- |
| 2024 | $1,534 | $14,994 | -- | -- |
| 2023 | $1,534 | $49,720 | $9,940 | $39,780 |
| 2022 | $1,519 | $38,800 | $7,760 | $31,040 |
| 2021 | $1,523 | $37,460 | $7,490 | $29,970 |
| 2020 | $1,476 | $36,110 | $7,220 | $28,890 |
| 2019 | $1,478 | $29,000 | $5,800 | $23,200 |
| 2018 | $1,430 | $25,850 | $5,170 | $20,680 |
| 2017 | $1,370 | $22,860 | $4,570 | $18,290 |
| 2016 | $1,348 | $18,880 | $3,770 | $15,110 |
| 2015 | $1,248 | $23,560 | $4,710 | $18,850 |
Source: Public Records
Agents Affiliated with this Home
-
-
Karen Pokorney
Buyer's Agent in 2013
Karen Pokorney
Compass
(602) 686-6464
15 in this area
118 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4888698
APN: 215-16-082
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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