NOT LISTED FOR SALE

Estimated Value: $492,000 - $663,000

1 Bed
-- Bath
1,786 Sq Ft
$310/Sq Ft Est. Value

Last Sold November 29, 2017

Last sale price $259,000 $145 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,027/month

8 Days on Market

Highlights

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

About This Home

As of November 2017

Excellent Add Value Opportunity with this Triplex, close to the Childrens Hospital and Freeways! Over $57K in Improvements has already been done including all new HVAC, Roof (N Side), Electrical and Plumbing including permits. All 3 units need some finishing work before tenants can move in. There is the possibility to have up to 5 units with a conversion of the 2bed/1bath unit and building a 5th separate unit, Preliminary Architectural plans have been drafted. Property is being sold As-Is. Must close before December 31st 2017.

Last Agent to Sell the Property

Michael Saunders

Better Homes & Gardens Real Estate SJ Fowler License #SA659777000 Listed on: 10/19/2017

Last Buyer's Agent

Elias Dabdoub

FSR Realty License #SA660865000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $701

Year Built

  • Built in 1954

Lot Details

  • 7,623

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

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

Schools

  • Creighton Elementary School

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 13 / 5
  • Assessor Parcel Number 117-13-013

Community Details

Overview

  • 3 Units
  • Building Dimensions are 0.18 acres / 7,640 sqft
  • Mcdowell Manors Annex Subdivision

Building Details

  • Operating Expense $5,021
  • Gross Income $23,940
  • Net Operating Income $16,135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$701

Year Built

Built in 1954

Lot Details

7,623 Sq Ft Lot

Listing Details

  • Cross Street: E McDowell Rd and N 18th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: McDowell Manors Annex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • 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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 720.0
  • Annual Water Sewer Expense: 1440.0

Schools

  • Elementary School: Creighton Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.18 acres / 7,640 sqft
  • Additional Parcels: No
  • Parcel #: 117-13-013

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 23940.0
  • Property Net Operating Income: 16135.0
  • Annual Operating Expense: 5021.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 701.0
  • Tax Block: 5
  • Tax Book Number: 117.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Dabdoub Elias
Bought by
Ed Real Estate 2 Llc
Current Estimated Value
$553,811

Purchase Details

Closed on
Jul 20, 2018
Sold by
Ed Real Estate 2 Llc
Bought by
Dabdoub Elias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2017
Closed on
Nov 1, 2017
Sold by
Centramax Llc and Lighty Neal
Bought by
Ed Real Estate 2 Llc
Seller's Agent
Michael Saunders
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Elias Dabdoub
FSR Realty
List Price
$269,000
Sold Price
$259,000
Premium/Discount to List
-$10,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$259,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2016
Sold by
Lighty Neal
Bought by
Centramax Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,501
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Sep 21, 2016
Sold by
Lighty Barbara A and Lighty Neal
Bought by
Lighty Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,501
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Jan 27, 2016
Sold by
Amvest Llc
Bought by
Centramax Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 19, 2009
Sold by
Millsap Judy
Bought by
Amvest Llc

Purchase Details

Closed on
Jul 18, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Millsap Judy

Purchase Details

Closed on
Feb 3, 2009
Sold by
Perez Manuel Rendon
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 13, 2004
Sold by
Reust Allan K and Reust Susanna K
Bought by
Perez Manuel Rendon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2002
Sold by
Gould Michael A and Schimpf Karen L
Bought by
Reust Allan K and Smerekovska Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.13%
Mortgage Type
New Conventional
Source: Public Records
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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
Ed Real Estate 2 Llc -- None Listed On Document
Dabdoub Elias -- Chicago Title Agency Inc
Ed Real Estate 2 Llc $259,000 Lawyers Title Of Arizona Inc
Centramax Llc -- None Available
Lighty Neal -- First Arizona Title Agency
Lighty Neal $197,000 First Arizona Title Agency
Centramax Llc $120,000 First Arizona Title Agency
Amvest Llc -- None Available
Millsap Judy $32,500 Guaranty Title Agency
Deutsche Bank National Trust Company $77,250 None Available
Perez Manuel Rendon $127,000 Capital Title Agency Inc
Reust Allan K $105,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dabdoub Elias $238,500
Previous Owner Ed Real Estate 2 Llc $259,000
Previous Owner Lighty Neal $203,501
Previous Owner Centramax Llc $95,000
Previous Owner Perez Manuel Rendon $101,600
Previous Owner Reust Allan K $94,500
Closed Perez Manuel Rendon $25,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2017 11/29/17 Sold $259,000 -3.7% $145 / Sq Ft
10/19/2017 10/19/17 For Sale $269,000 -- $151 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $820 $6,074 -- --
2024 $781 $5,785 -- --
2023 $781 $38,850 $7,770 $31,080
2022 $750 $28,670 $5,730 $22,940
2021 $768 $19,200 $3,840 $15,360
2020 $749 $16,610 $3,320 $13,290
2019 $744 $14,000 $2,800 $11,200
2018 $729 $9,520 $1,900 $7,620
2017 $701 $9,110 $1,820 $7,290
2016 $674 $8,860 $1,770 $7,090
2015 $627 $7,460 $1,490 $5,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5676831

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-13-013

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