Seller's Agent in 2020
Kirk Linehan
RETSY
(480) 486-7706
193 Total Sales
1829 E Virginia Ave Phoenix, AZ 85006
Estimated Value: $697,606 - $916,000
4
Beds
--
Bath
2,760
Sq Ft
$289/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of August 2020Here is the opportunity you have been waiting for. There are four 2 bed 1 bath units with tile floors, a back yard/patio area and one covered parking space per unit. The building has a newer roof, newer HVAC units and newer water heaters. Entire building and block fence was just painted! Long term renters in place, but current rent comps show the ability to raise rents by 35% or more! Coin-op laundry also increases the revenue for the owner. With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize. Excellent condition and AMAZING income opportunity. Drive by only, do not disturb tenants. Look in documents tab for rent roll and other items. Buyer and buyers agent to verify all facts and figures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,351
Year Built
- Built in 1971
Lot Details
- 10,237
Home Design
- Built-Up Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- On-Street Parking
- Assigned Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 3
- Assessor Parcel Number 117-06-103-G
Community Details
Overview
- 4 Units
- Building Dimensions are 72x152x72x152
- Greenfield Acres Subdivision
Building Details
- Operating Expense $7,971
- Gross Income $27,960
- Net Operating Income $19,989
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2020
Closed on
Jul 14, 2020
Sold by
Trink Matthew
Bought by
Burton Marvin T and Burton Daureen
Seller's Agent
Kirk Linehan
RETSY
Buyer's Agent
James Balko
Century 21 Arizona Foothills
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
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
$297,402
Avg. Annual Appreciation
9.57%
Original Mortgage
$341,000
Outstanding Balance
$305,200
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$491,092
Purchase Details
Listed on
May 26, 2017
Closed on
May 31, 2017
Sold by
Phase Two Holdings Llc
Bought by
Trink Matthew
Seller's Agent
Kelley Norton
eXp Realty
Buyer's Agent
Nathan Leidigh
Real Broker
List Price
$264,900
Sold Price
$275,000
Premium/Discount to List
$10,100
3.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.12%
Original Mortgage
$270,019
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 11, 2013
Sold by
Abraham James and Abraham Debra Z
Bought by
Steve Gergisch Phase Two Holdings Llc
Purchase Details
Closed on
May 14, 2009
Sold by
Aurora Loan Services Llc
Bought by
Abraham Christine
Purchase Details
Closed on
Jan 5, 2009
Sold by
Lopez Eduardo J
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Feb 23, 2005
Sold by
Marcus Narcis and Marcus Monica
Bought by
Lopez Eduardo J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 12, 2004
Sold by
Popa Catalin Andrew and Popa Shannon M
Bought by
Marcus Narcis and Marcus Monica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,920
Interest Rate
6.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 3, 2003
Sold by
Meridian Ventures Llc
Bought by
Popa C Andrew and Popa Shannon M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,550
Interest Rate
5.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 5, 2001
Sold by
Frisco Properties Llc
Bought by
Davis Vincent W and Davis Dana S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,600
Interest Rate
6.63%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Burton Marvin T | $500,000 | Lawyers Title Of Arizona Inc | |
| Trink Matthew | $275,000 | First American Title Insuran | |
| Steve Gergisch Phase Two Holdings Llc | -- | American Title Service Agenc | |
| Abraham James | -- | American Title Service Agenc | |
| Abraham Christine | $80,000 | Great American Title Agency | |
| Aurora Loan Services Llc | $182,600 | Accommodation | |
| Lopez Eduardo J | -- | Lawyers Title Ins Corp | |
| Marcus Narcis | $199,900 | Ticor Title Agency Of Az Inc | |
| Popa C Andrew | $169,500 | Security Title Agency | |
| Davis Vincent W | $139,500 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burton Marvin T | $341,000 | |
| Previous Owner | Trink Matthew | $270,019 | |
| Previous Owner | Phase Two Holdings Llc | $129,151 | |
| Previous Owner | Phase Two Holdings Llc | $97,500 | |
| Previous Owner | Lopez Eduardo J | $243,000 | |
| Previous Owner | Lopez Eduardo J | $207,200 | |
| Previous Owner | Marcus Narcis | $159,920 | |
| Previous Owner | Popa C Andrew | $152,550 | |
| Previous Owner | Davis Vincent W | $111,600 | |
| Previous Owner | Vincellette Kenneth L | $130,000 | |
| Closed | Lopez Eduardo J | $25,900 | |
| Closed | Steve Gergisch Phase Two Holdings Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2020 08/11/20 | Sold | $500,000 | -2.0% | $181 / Sq Ft |
| 07/01/2020 07/01/20 | Price Changed | $510,000 | -2.9% | $185 / Sq Ft |
| 05/04/2020 05/04/20 | For Sale | $525,000 | +90.9% | $190 / Sq Ft |
| 06/30/2017 06/30/17 | Sold | $275,000 | +3.8% | $100 / Sq Ft |
| 05/27/2017 05/27/17 | Pending | -- | -- | -- |
| 05/26/2017 05/26/17 | For Sale | $264,900 | -- | $96 / 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 | $1,433 | $11,023 | -- | -- |
| 2024 | $1,417 | $10,499 | -- | -- |
| 2023 | $1,417 | $48,560 | $9,710 | $38,850 |
| 2022 | $1,361 | $36,360 | $7,270 | $29,090 |
| 2021 | $1,394 | $27,680 | $5,530 | $22,150 |
| 2020 | $1,360 | $23,800 | $4,760 | $19,040 |
| 2019 | $1,351 | $20,080 | $4,010 | $16,070 |
| 2018 | $1,323 | $17,480 | $3,490 | $13,990 |
| 2017 | $1,272 | $15,810 | $3,160 | $12,650 |
| 2016 | $1,223 | $13,360 | $2,670 | $10,690 |
| 2015 | $1,137 | $11,420 | $2,280 | $9,140 |
Source: Public Records
Agents Affiliated with this Home
-
Kirk Linehan
-
James Balko
Buyer's Agent in 2020
James Balko
Century 21 Arizona Foothills
(708) 466-9892
54 Total Sales
-
Kelley Norton
Seller's Agent in 2017
Kelley Norton
eXp Realty
(602) 330-5856
164 Total Sales
-
Nathan Leidigh
Buyer's Agent in 2017
Nathan Leidigh
Real Broker
(602) 435-1659
68 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6078798
APN: 117-06-103G
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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