NOT LISTED FOR SALE
4 Beds
2 Baths
1,188 Sq Ft
2005 Built

Sale Details

Date Sold: November 26, 2018

Last sale price $400,000 $337 Per Sq Ft

82 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Sunnyslope High School Rated A
  • Carpet

About This Home

As of November 2018

4 standalone buildings each with a 1,188 sq ft 4 bedroom 2 bathroom unit. 100% occupied and over $34,000 in upgrades, documents on upgrades are available from the listing agent. Newer contruction, full block fencing, 8 covered parking spots, and all standard appliances included, including washer/dryer, fridge, range, and dishwashers. Tenants pay all utilities. No HOA!

Last Agent to Sell the Property

Jason Penrose

eXp Realty License #BR518159000 Listed on: 08/10/2018

eXp Realty

Last Buyer's Agent

Chad Kamp

Exit Realty Coannah License #BR533142000

Exit Realty Coannah
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 2005

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Schools

  • Shaw Butte Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Central Air
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 159-13-043-A

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 14428
  • Desert Cove Extension Lots 1 4, 13 20, 29 32 Subdivision

Building Details

  • Operating Expense $2,180
  • Gross Income $40,014
  • Net Operating Income $29,484

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,180

Year Built

Built in 2005

Listing Details

  • Cross Street: Peoria Ave & 19th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: c2
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Individual, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Shaw Butte School
  • High School: Sunnyslope High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 14428
  • Additional Parcels: No
  • Parcel #: 159-13-043-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 40014.0
  • Property Net Operating Income: 29484.0
  • Annual Operating Expense: 2179.92
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2179.92
  • Tax Book Number: 159.00
  • Tax Lot: 24

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2020
Sold by
Bought by

Purchase Details

Listed on
Aug 10, 2018
Closed on
Nov 13, 2018
Sold by
Bought by
Seller's Agent
Jason Penrose
eXp Realty
Buyer's Agent
Chad Kamp
Exit Realty Coannah
List Price
$470,000
Sold Price
$400,000
Premium/Discount to List
-$70,000
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2016
Closed on
Feb 16, 2017
Sold by
Bought by
Seller's Agent
Barb Chew
HomeSmart
Buyer's Agent
Jason Penrose
eXp Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$262,500
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 8, 2016
Closed on
Feb 1, 2017
Sold by
Bought by
Seller's Agent
Barb Chew
HomeSmart
Buyer's Agent
Jason Penrose
eXp Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 10, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$400,000 Lawyers Title Of Arizona Inc
-- None Available
-- Lawyers Title Of Arizona Inc
-- Lawyers Title Of Arizona Inc
$350,000 Lawyers Title Of Arizona Inc
-- None Available
-- None Available
$235,000 First American Title Ins Co
-- Accommodation
$106,500 None Available
$499,000 Capital Title Agency Inc
$72,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Previous Owner $262,500
Previous Owner $176,250
Previous Owner $380,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2018 11/26/18 Sold $400,000 -5.9% $337 / Sq Ft
11/21/2018 11/21/18 Price Changed $425,000 0.0% $358 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
09/20/2018 09/20/18 Pending -- -- --
09/07/2018 09/07/18 Price Changed $425,000 -9.6% $358 / Sq Ft
08/10/2018 08/10/18 For Sale $470,000 +34.3% $396 / Sq Ft
02/20/2017 02/20/17 Sold $350,000 0.0% $295 / Sq Ft View Prior Sale
01/26/2017 01/26/17 For Sale $350,000 0.0% $295 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
11/08/2016 11/08/16 For Sale $350,000 -- $295 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,539 $19,977
2024 $2,399 $19,026
2023 $2,399 $72,650 $14,530 $58,120
2022 $2,321 $47,630 $9,520 $38,110
2021 $2,351 $39,660 $7,930 $31,730
2020 $2,292 $36,170 $7,230 $28,940
2019 $2,250 $32,770 $6,550 $26,220
2018 $2,191 $28,330 $5,660 $22,670
2017 $2,180 $21,970 $4,390 $17,580
2016 $2,140 $20,830 $4,160 $16,670
2015 $1,982 $17,220 $3,440 $13,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5805363

Arizona Regional Multiple Listing Service (ARMLS)
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