NOT LISTED FOR SALE

Estimated Value: $221,000 - $283,000

2 Beds
1 Bath
962 Sq Ft
$261/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $150,000 $156 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,325/month

312 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of April 2018

RENTAL INCOME. Live in one and rent the other one out. It's almost like living for free!!!! This newly redone Duplex has 2 1 bed 1 bath units!!!! Near Sky Harbor Airport Close to the I-10 Freeway and Not Far From ASU. Nestled right in the middle of a redeveloped block, this can only go up in value!!!!

Last Agent to Sell the Property

Ian Chait

Barrett Real Estate License #BR504768000 Listed on: 04/28/2017

Last Buyer's Agent

Gregory Hauger

Real Broker License #SA632276000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $241

Year Built

  • Built in 1945

Lot Details

  • 5,706

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Covered Space
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 16 / 4
  • Assessor Parcel Number 122-38-071

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5702
  • Belmont Park Blks 1, 3 & 5 Subdivision

Building Details

  • Operating Expense $2,973
  • Gross Income $13,680
  • Net Operating Income $10,707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$241

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 18th St and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1945
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: BELMONT PARK BLKS 1, 3 & 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved Parking, Add'l Parking Avail, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • 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:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 72.0
  • Annual Water Sewer Expense: 600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 5702
  • Additional Parcels: No
  • Parcel #: 122-38-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 160.0
  • Annual Gross Income: 13680.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 10707.0
  • Annual Operating Expense: 2973.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 241.0
  • Tax Block: 4
  • Tax Book Number: 122.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2023
Sold by
Willis Roy L
Bought by
Danys Insulation Llc
Current Estimated Value
$250,998

Purchase Details

Listed on
Apr 28, 2017
Closed on
Mar 30, 2018
Sold by
Alyanse Properties Llc
Bought by
Willis Roy L
Seller's Agent
Ian Chait
Barrett Real Estate
Buyer's Agent
Gregory Hauger
Real Broker
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%
Original Mortgage
$153,225
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Jul 29, 2015
Closed on
Jan 13, 2016
Sold by
Wells Fargo Bank Na
Bought by
Alyanse Properties Llc
Seller's Agent
Shen-Yi Chang
DA FA Realty & Investments
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$73,500
Sold Price
$45,100
Premium/Discount to List
-$28,400
-38.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.54%
Original Mortgage
$56,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2015
Sold by
Walters Garry L and Walter Katherine
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 30, 2004
Sold by
Young Ronnie
Bought by
Young Dorothy Walters

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 28, 2004
Sold by
Battiest Doris L and Walters Larry
Bought by
Walter Garry L and Walters Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 12, 1996
Sold by
Walters Larry
Bought by
Burton Curvey
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
Danys Insulation Llc $155,000 Pinnacle Title Services
Willis Roy L $150,000 North American Title Company
Alyanse Properties Llc $45,150 Stewart Title Company
Wells Fargo Bank Na $108,323 Stewart Title Company
Young Dorothy Walters -- Arizona Title Agency Inc
Battiest Dorris L -- Arizona Title Agency Inc
Walter Garry L -- Arizona Title Agency Inc
Burton Curvey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willis Roy L $153,225
Previous Owner Alyanse Properties Llc $56,000
Previous Owner Walter Garry L $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2018 04/04/18 Sold $150,000 +3.4% $156 / Sq Ft
01/23/2018 01/23/18 Price Changed $145,000 -3.3% $151 / Sq Ft
11/22/2017 11/22/17 For Sale $150,000 0.0% $156 / Sq Ft
11/22/2017 11/22/17 Price Changed $150,000 0.0% $156 / Sq Ft
04/28/2017 04/28/17 For Sale $150,000 +232.6% $156 / Sq Ft
01/31/2016 01/31/16 Sold $45,100 -38.6% $47 / Sq Ft View Prior Sale
12/30/2015 12/30/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $73,500 -- $76 / 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 $302 $2,005 -- --
2024 $286 $1,910 -- --
2023 $286 $15,480 $3,090 $12,390
2022 $251 $11,230 $2,240 $8,990
2021 $259 $8,900 $1,780 $7,120
2020 $255 $7,510 $1,500 $6,010
2019 $247 $5,520 $1,100 $4,420
2018 $240 $4,600 $920 $3,680
2017 $254 $3,450 $690 $2,760
2016 $241 $2,910 $580 $2,330
2015 $227 $2,310 $460 $1,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597496

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-38-071