NOT LISTED FOR SALE

18211 N 40th Place Phoenix, AZ 85032

Estimated Value: $690,963 - $937,000

-- Bed
-- Bath
4,000 Sq Ft
$212/Sq Ft Est. Value

Last Sold April 11, 2016

Last sale price $335,000 $84 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $4,690/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Whispering Wind Academy Rated A-

About This Home

As of April 2016

**Investor special** The seller's loss is your gain. Property includes 4 identical units, on site laundry, separate storage and 2 parking spaces for each unit. Three of four units are rented and the seller is getting unit 4 turned for occupancy.

Last Agent to Sell the Property

Marcia Loveys

My Home Group Real Estate Listed on: 03/04/2016

Last Buyer's Agent

John Brophy

Keller Williams Realty Sonoran Living License #BR656578000

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,436

Year Built

  • Built in 1981

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Foothills Elementary School - Phoenix
  • Sunrise Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 215-15-101

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 100x119
  • Gentle Acres Subdivision

Building Details

  • Operating Expense $15,981
  • Gross Income $32,025
  • Net Operating Income $16,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,436

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Union Hills & 40th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2015
  • Directions: Hwy 51 to Union Hills exit and go east to 40th St. Go south on 40th St to Robert E Lee and turn left. Go one block to 40th Place and go north. The property is on the right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2857.86
  • Subdivision Name: Gentle Acres
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, <1 Space Per Unit
  • Attached Garage: No
  • 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:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Water Softener(s): Yes

Fee Information

  • Annual Water Sewer Expense: 2678.15

Schools

  • Elementary School: Foothills Elementary School - Phoenix
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Sunrise Middle School

Lot Info

  • Lot Size: 100x119
  • Additional Parcels: No
  • Parcel #: 215-15-101

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 490.65
  • Annual Gross Income: 32024.5
  • Insurance Expense: 1408.42
  • Maintenance Expense: 5666.0
  • Property Net Operating Income: 16489.08
  • Annual Operating Expense: 15981.42
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1436.0
  • Tax Book Number: 215.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2016
Closed on
Mar 11, 2016
Sold by
Kyauk Steven and Lee Karsten
Bought by
Chambers Stanley and Chambers Shirley
Seller's Agent
Marcia Loveys
My Home Group Real Estate
Buyer's Agent
John Brophy
Keller Williams Realty Sonoran Living
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$839,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,648
Avg. Annual Appreciation
10.36%
Original Mortgage
$251,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2005
Sold by
Gallego Roselle
Bought by
Kyauk Steven and Lee Karsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2005
Sold by
Saba Ibrahim W and Saba Hani W
Bought by
Gallego Roselle

Purchase Details

Closed on
May 21, 2003
Sold by
Saba Ibrahim W
Bought by
Saba Hani W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 1998
Sold by
Saba Patricia
Bought by
Saba Ibrahim

Purchase Details

Closed on
Aug 21, 1998
Sold by
Aiello John and Aiello Patricia A
Bought by
Saba Ibrahim W

Purchase Details

Closed on
Apr 10, 1997
Sold by
Anthony Christina
Bought by
Aiello John C and Aiello John

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
8.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 1994
Sold by
Brown Charles M and Brown Janice L
Bought by
Woolley Steve L and Woolley Lynne F
Source: Public Records

Range of Values:

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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
Chambers Stanley $335,000 First American Title Ins Co
Kyauk Steven $439,999 Stewart Title & Trust Of Pho
Gallego Roselle -- --
Saba Hani W -- Transnation Title Insurance
Saba Ibrahim -- Transnation Title Ins Co
Saba Ibrahim W $195,500 Transnation Title Ins Co
Aiello John C $167,000 Security Title Agency
Anthony Christina -- Security Title Agency
Woolley Steve L $150,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chambers Stanley $241,000
Closed Chambers Stanley $251,250
Previous Owner Kyauk Steven $250,000
Previous Owner Saba Hani W $155,000
Previous Owner Aiello John C $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2016 04/11/16 Sold $335,000 -4.3% $84 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $350,000 -- $88 / 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 $1,803 $18,113 -- --
2024 $1,765 $17,250 -- --
2023 $1,765 $57,880 $11,570 $46,310
2022 $1,747 $45,300 $9,060 $36,240
2021 $1,753 $42,330 $8,460 $33,870
2020 $1,698 $40,250 $8,050 $32,200
2019 $1,701 $32,010 $6,400 $25,610
2018 $1,645 $28,080 $5,610 $22,470
2017 $1,577 $26,220 $5,240 $20,980
2016 $1,550 $22,070 $4,410 $17,660
2015 $1,436 $27,680 $5,530 $22,150
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Marcia Loveys

    My Home Group

    Section Image

  • J

    Buyer's Agent in 2016

    John Brophy

    Keller Williams Realty Sonoran Living

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5408421

Arizona Regional Multiple Listing Service (ARMLS)

APN: 215-15-101

Arizona Maricopa County Phoenix 85032

18211 N 40th Place, Phoenix, AZ

This home is located at 18211 N 40th Place, Phoenix, AZ 85032 since 04 March 2016 and is currently estimated at $847,741, approximately $211 per square foot. This property was built in 1981. 18211 N 40th Place is a home located in Maricopa County with nearby schools including Whispering Wind Academy, Sunrise Middle School, and Paradise Valley High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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