$295,000
SOLD SEP 26, 2016
-- Bed
-- Bath
3,240 Sq Ft
0.3 Acres

Recently Sold

$91 Per Sq Ft

3% Below List Price

61 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of December 2023

Solid investment property. Single story 4-plex consists of 3-two bedroom, 1 bathroom units and 1-one bedroom, 1 bathroom unit. Excellent location near the 202 loop freeway and the 101 loop freeway. Near the Hohokam Stadium, baseball spring training facility, shopping, dining & more!

Last Agent to Sell the Property

Pam Emery

Valley East Realty License #BR641676000 Listed on: 06/02/2016

Last Buyer's Agent

Gordon Burns

Built By Referral Rlty Grp 02 License #SA630337000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,188

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 136-23-284-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 13,068
  • Old West Valley Subdivision

Building Details

  • Operating Expense $8,976
  • Gross Income $27,354
  • Net Operating Income $19,566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,188

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: McKellips & Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2015
  • Directions: From the 202 loop freeway take the McKellips RD exit 12 to Pima to address.
  • Road Surface Type: Asphalt
  • Subdivision Name: OLD WEST VALLEY
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 392.0
  • Annual Water Sewer Expense: 2800.0

Lot Info

  • Lot Size: 13,068
  • Additional Parcels: No
  • Parcel #: 136-23-284-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27354.0
  • Insurance Expense: 2196.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 19566.0
  • Annual Operating Expense: 8976.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1188.0
  • Tax Book Number: 136.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2021
Sold by
Candela Victoria E
Bought by
Candela Victoria E and Candela Toni Elizabeth
Current Estimated Value
$722,777

Purchase Details

Listed on
Jun 2, 2016
Closed on
Oct 3, 2016
Sold by
Gramian Kevin
Bought by
Candela Victoria E
Seller's Agent
Pam Emery
Valley East Realty
Buyer's Agent
Gordon Burns
Built By Referral Rlty Grp 02
List Price
$305,000
Sold Price
$295,000
Premium/Discount to List
-$10,000
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.73%
Original Mortgage
$282,745
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 2005
Sold by
Red Land Sunset Properties Llc
Bought by
Gramian Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
6.17%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 4, 2003
Sold by
Roberts Robert L and Roberts Tamara M
Bought by
Red Land Sunset Properties Llc

Purchase Details

Closed on
Aug 8, 2003
Sold by
Margetak Glen
Bought by
Roberts Robert L and Roberts Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Deed -- None Listed On Document
Warranty Deed $295,000 Security Title Agency Inc
Warranty Deed $305,000 Capital Title Agency Inc
Quit Claim Deed -- --
Warranty Deed $214,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,500 New Conventional
Previous Owner $282,745 FHA
Previous Owner $228,750 Negative Amortization
Previous Owner $214,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $690,000 -8.0% $213 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $750,000 +154.2% $231 / Sq Ft
09/26/2016 09/26/16 Sold $295,000 0.0% $91 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
07/26/2016 07/26/16 Price Changed $295,000 -3.3% $91 / Sq Ft
05/31/2016 05/31/16 For Sale $305,000 -- $94 / 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 $1,269 $15,296 -- --
2024 $1,284 $14,567 -- --
2023 $1,284 $48,860 $9,770 $39,090
2022 $1,256 $38,650 $7,730 $30,920
2021 $1,290 $31,800 $6,360 $25,440
2020 $1,273 $28,410 $5,680 $22,730
2019 $1,179 $23,920 $4,780 $19,140
2018 $1,126 $21,510 $4,300 $17,210
2017 $1,288 $18,110 $3,620 $14,490
2016 $1,264 $17,560 $3,510 $14,050
2015 $1,188 $14,950 $2,990 $11,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5451124

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-284A