NOT LISTED FOR SALE

Estimated Value: $685,000 - $858,000

4 Beds
-- Bath
3,074 Sq Ft
$254/Sq Ft Est. Value

Sale Details

Date Sold: March 21, 2023

Last sale price $734,500 $239 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,450 / mo

40 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of March 2023

Exceptional, well-maintained investment property in an up and coming area. All 2 bedroom, 1 bath units with tile flooring throughout. Large parking area, low maintenance landscaping, and no HOA. One vacant unit for an immediate value-add or for a buyer to make this their primary residence. In unit washer/dryer hookups. Great, long-term tenants in place.

Last Agent to Sell the Property

Tyler Nick

McMath Realty LLC License #SA650467000 Listed on: 02/02/2023

Last Buyer's Agent

Yadira Solorio Crane

Crane Real Estate License #BR651251000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,853

Year Built

  • Built in 1985

Home Design

  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Schools

  • Papago Elementary And Middle School
  • Camelback High School

Utilities

  • Central Air
  • Air Source Heat Pump
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection, landscaping
  • Assessor Parcel Number 120-20-065-H

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6651 Sq ft.

Building Details

  • Operating Expense $12,133
  • Gross Income $45,600
  • Net Operating Income $35,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,853

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 32nd St. & McDowell
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2880.0
  • Tax Parcel Letter: H
  • Const - Finish:Const - Finish: Painted, Siding
  • Cooling:Cooling: Central Air, Heat Pump, Electric, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted, Siding
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: Paved, >1 Space Per Unit

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Heat Pump, Electric, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Heat Pump, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: See Remarks

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Elementary School: Papago School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Papago School

Lot Info

  • Lot Size: 6651 Sq ft.
  • Additional Parcels: No
  • Parcel #: 120-20-065-H

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 35867.0
  • Annual Operating Expense: 12133.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1853.0
  • Tax Lot: NA

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

Listed on
Feb 2, 2023
Closed on
Mar 21, 2023
Sold by
Bought by
Seller's Agent
Tyler Nick
McMath Realty LLC
Buyer's Agent
Yadira Solorio Crane
Crane Real Estate
List Price
$799,000
Sold Price
$734,500
Premium/Discount to List
-$64,500
-8.07%
Views
761
Current Estimated Value
$779,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,108
Avg. Annual Appreciation
1.78%
Original Mortgage
$450,000
Interest Rate
0.0609%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2021
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 2021
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
$347,500
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2019
Closed on
Aug 8, 2019
Sold by
Bought by
Seller's Agent
Joe Montalto
USELLSMART Real Estate
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$469,900
Sold Price
$462,900
Premium/Discount to List
-$7,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$347,175
Interest Rate
0.038%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2019
Closed on
Jul 25, 2019
Sold by
Bought by
Seller's Agent
Joe Montalto
USELLSMART Real Estate
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$469,900
Sold Price
$462,900
Premium/Discount to List
-$7,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,175
Interest Rate
0.038%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2015
Sold by
Bought by

Purchase Details

Listed on
Feb 28, 2015
Closed on
Apr 3, 2015
Sold by
Bought by
Seller's Agent
DALE LOVE
Realty Executives Arizona Terr
Buyer's Agent
DALE LOVE
Realty Executives Arizona Terr
List Price
$210,000
Sold Price
$185,000
Premium/Discount to List
-$25,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.52%

Purchase Details

Closed on
Jun 4, 2010
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
$56,000
Interest Rate
0.0491%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 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
$240,000
Interest Rate
0.0137%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 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
$240,000
Interest Rate
0.0137%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2003
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
$102,607
Interest Rate
0.0593%
Mortgage Type
FHA
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

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
$734,500 Driggs Title Agency
-- Accommodation
-- Wfg National Title Insurance C
-- None Available
$462,900 Chicago Title Agency
$100,000 Chicago Title Agency Inc
$185,000 Chicago Title Agency Inc
$110,000 Chicago Title
$300,000 First American Title Ins Co
-- Lawyers Title Of Arizona Inc
-- Transnation Title Insurance
-- Transnation Title Insurance
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
Open $475,000
Closed $450,000
Previous Owner $347,500
Previous Owner $347,175
Previous Owner $56,000
Previous Owner $240,000
Previous Owner $102,607
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
03/21/2023 03/21/23 Sold $734,500 -8.1% $239 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $799,000 +72.6% $260 / Sq Ft
08/02/2019 08/02/19 Sold $462,900 -1.5% $151 / Sq Ft View Prior Sale
07/25/2019 07/25/19 Price Changed $469,900 0.0% $153 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $469,900 +154.0% $153 / Sq Ft
04/06/2015 04/06/15 Sold $185,000 -11.9% $60 / Sq Ft View Prior Sale
03/29/2015 03/29/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $210,000 -- $68 / 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 $2,028 $15,013
2024 $1,929 $14,298
2023 $1,929 $52,020 $10,400 $41,620
2022 $1,853 $38,570 $7,710 $30,860
2021 $1,899 $30,980 $6,190 $24,790
2020 $1,852 $25,750 $5,150 $20,600
2019 $1,839 $21,850 $4,370 $17,480
2018 $1,802 $20,100 $4,020 $16,080
2017 $1,732 $18,570 $3,710 $14,860
2016 $1,665 $16,130 $3,220 $12,910
2015 $1,549 $14,200 $2,840 $11,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6515729

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-065H

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