NOT LISTED FOR SALE

Estimated Value: $499,568 - $738,000

-- Bed
-- Bath
2,001 Sq Ft
$294/Sq Ft Est. Value

Last Sold October 17, 2016

Last sale price $230,000 $115 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $3,375/month

128 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of October 2016

WOW!!!! Seller is motivated bring your offers now!!! This is a remodeled duplex with on site laundry. Both have new kitchens and bathroom updates. The 2 bedroom one bath unit is rented for 850 and the larger 3 bedroom unit is for rent for 1100.00. This is perfect for a first time investor or owner user. All facts and numbers are approximate buyer verify MLS info.

Last Listed By

Sophia Baron

Grace CRE License #BR648866000 Listed on: 03/27/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $765

Year Built

  • Built in 1965

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 126-07-075

Community Details

Overview

  • 2 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $5,027
  • Gross Income $22,230
  • Net Operating Income $17,968

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$765

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: 40th ST & Oak
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 126-07-075

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 22230.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 17968.0
  • Annual Operating Expense: 5027.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 765.0
  • Tax Book Number: 126.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2016
Closed on
Oct 12, 2016
Sold by
Omni Consumer Prodruct & Apartments Llc
Bought by
Mendivil Joyceline Felix
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Rick Amador
eXp Realty
List Price
$230,000
Sold Price
$230,000
Total Days on Market
128
Current Estimated Value
$587,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,642
Avg. Annual Appreciation
11.50%
Original Mortgage
$224,956
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2015
Sold by
Somers Jeanne C
Bought by
Omni Consumer Products & 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
$40,000
Interest Rate
3.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 26, 2003
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,350
Interest Rate
5.54%

Purchase Details

Closed on
Aug 3, 1998
Sold by
Somers Jeanne
Bought by
Somers Jeanne C and Jeanne C Somers Living Trust

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
Mendivil Joyceline Felix $230,000 Empire West Title Agency
Omni Consumer Products & Apartments Llc $360,000 First Arizona Title Agency
Somers Jeanne C -- First Arizona Title Agency
Somers Jeanne C -- First Financial Title Agency
Somers Jeanne C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ravelo Joyceline F $219,000
Closed Mendivil Joyceline Felix $224,956
Previous Owner Omni Consumer Products & Apartments Llc $440,000
Previous Owner Omni Consumer Products & Apartments Llc $40,000
Previous Owner Omni Consumer Products & Apartments Llc $30,000
Previous Owner Somers Jeanne C $92,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2016 10/17/16 Sold $230,000 0.0% $115 / Sq Ft
03/26/2016 03/26/16 For Sale $230,000 -- $115 / 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 $1,015 $8,453 -- --
2024 $1,006 $8,051 -- --
2023 $1,006 $31,250 $6,250 $25,000
2022 $927 $23,130 $4,620 $18,510
2021 $946 $22,360 $4,470 $17,890
2020 $928 $19,220 $3,840 $15,380
2019 $925 $18,110 $3,620 $14,490
2018 $870 $15,900 $3,180 $12,720
2017 $832 $15,050 $3,010 $12,040
2016 $814 $14,420 $2,880 $11,540
2015 $765 $9,460 $1,890 $7,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5418887

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-075