$85,000
SOLD JUN 22, 2012
-- Bed
-- Bath
1,815 Sq Ft
8,407 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

5% Below List Price

38 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of February 2022

This 1958 block-constructed duplex has been completely rehabbed and consists of two, extra large (907sf), two-bedroom apartments. All units have new appliances, fixtures, ceramic tile floors, and paint. In addition, the exterior has been recently painted and landscaped with desert landscaping. All units are rented with long term leases. Great opportunity for an investor to buy a quality remodeled duplex in a good rental area.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000

Last Buyer's Agent

Bashir Hassan

HomeSmart License #SA567618000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $925

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • 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 40
  • Assessor Parcel Number 117-06-043-P

Community Details

Overview

  • 2 Units
  • Building Dimensions are 8400

Building Details

  • Operating Expense $5,065
  • Gross Income $11,426
  • Net Operating Income $6,361

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$925

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd & 16th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2011
  • Directions: From Thomas Rd go south on 16th St then east on Sheridan to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Tax Parcel Letter: P
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1440.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8400
  • Additional Parcels: No
  • Parcel #: 117-06-043-P

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 11426.4
  • Insurance Expense: 400.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 6361.0
  • Annual Operating Expense: 5065.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 925.0
  • Tax Book Number: 117.00
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
Ysleta Investments Llc
Bought by
1844 E Sheridan Llc
Total Days on Market
38
Current Estimated Value
$586,996

Purchase Details

Listed on
Nov 8, 2021
Closed on
Feb 11, 2022
Sold by
Lulu Trust
Bought by
Ysleta Investments Llc
Seller's Agent
Bashir Hassan
HomeSmart Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$520,000
Sold Price
$420,000
Premium/Discount to List
-$100,000
-19.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$562,500
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
May 15, 2019
Sold by
Ahmed Guled Mohamud and Yussuf Malkia N
Bought by
Lulu Trust

Purchase Details

Listed on
Apr 2, 2012
Closed on
Jun 21, 2012
Sold by
Entrepreneur Opportunity Fund I Lp
Bought by
Ahmed Guled Mohamud and Yussuf Malka N
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Bashir Hassan
HomeSmart
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%
Original Mortgage
$63,750
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2010
Sold by
Wasta Llc
Bought by
Entrepreneur Opportunity Fund 1 Lp

Purchase Details

Closed on
Jul 14, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Wasta Llc

Purchase Details

Closed on
Jan 22, 2010
Sold by
Carrillo Margarita
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 12, 2007
Sold by
Cota Margarita
Bought by
Cota Margarita and Baltazar Jose Jesus

Purchase Details

Closed on
Mar 29, 2006
Sold by
Loera Jesus M and Loera Domitila T
Bought by
Carrillo Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
9.5%
Mortgage Type
New Conventional

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- --
Warranty Deed $420,000 New Title Company Name
Interfamily Deed Transfer -- None Available
Warranty Deed $85,000 Chicago Title Agency Inc
Cash Sale Deed $54,400 American Title Service Agenc
Cash Sale Deed $36,900 First American Title Ins Co
Trustee Deed $56,700 First American Title
Interfamily Deed Transfer -- None Available
Warranty Deed $195,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $562,500 Construction
Previous Owner $98,500 New Conventional
Previous Owner $63,750 New Conventional
Previous Owner $156,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $420,000 -16.0% $231 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
12/07/2021 12/07/21 Price Changed $500,000 -3.8% $275 / Sq Ft
11/08/2021 11/08/21 For Sale $520,000 +511.8% $287 / Sq Ft
06/22/2012 06/22/12 Sold $85,000 -5.5% $47 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $89,900 -- $50 / 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 $986 $7,585 -- --
2024 $975 $7,224 -- --
2023 $975 $33,300 $6,660 $26,640
2022 $937 $24,970 $4,990 $19,980
2021 $959 $19,700 $3,940 $15,760
2020 $936 $17,020 $3,400 $13,620
2019 $929 $14,380 $2,870 $11,510
2018 $910 $12,670 $2,530 $10,140
2017 $875 $10,980 $2,190 $8,790
2016 $841 $9,000 $1,800 $7,200
2015 $783 $7,630 $1,520 $6,110
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4740894

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-043P