NOT LISTED FOR SALE

Estimated Value: $298,000 - $343,000

1 Bed
3 Baths
1,922 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: January 16, 2014

Last sale price $86,000 $45 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $1,843 / mo

21 Days on Market

Highlights

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

About This Home

As of January 2014

Excellent Investment property for the price. Instant cash flow. $1500 per month in rents. Perfect for the seasoned or novice investor. DO NOT DISTURB TENANTS. DRIVE BY ONLY. Approximately 1922 Sq.Ft. Remodeled Three Plex There is One 1br/1ba, Two 2br/2ba and all Apartments have 2 parking spaces!- New Paint inside and out, new texture, new doors and door knobs, new fixtures, fans, sinks, 2 showers, toilets, Vanities, faucets, blinds, landscaping, block wall around exterior, chain link fence in front, water heaters. Newer Ac units serviced in 5-2011. Cabinets refinished in two units, one unit has white painted cabinets. Nice new tile in all units. Front unit built in 1986, back two units built and added on in 2001. Nicely remodeled.
Owner wants this SOLD, thus the attractive price.

Last Agent to Sell the Property

Ali Ozer

Coldwell Banker Realty License #BR629774000 Listed on: 12/12/2013

Coldwell Banker Realty

Last Buyer's Agent

George Akers

Better Homes & Gardens Real Estate SJ Fowler License #SA533875000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $475

Year Built

  • Built in 1986

Lot Details

  • 6,970

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Martin Luther King Early Childhood Center Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 70
  • Assessor Parcel Number 122-32-070

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6957
  • Progress Place Subdivision

Building Details

  • Operating Expense $3,575
  • Net Operating Income $15,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$475

Year Built

Built in 1986

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Cross Street: Broadway & 16th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Progress Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Martin Luther King Early Childhood Center
  • High School: South Mountain High School
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 6957
  • Additional Parcels: No
  • Parcel #: 122-32-070

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 750.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 15650.0
  • Annual Operating Expense: 3575.0

Tax Info

  • Tax Annual Amount: 475.0
  • Tax Book Number: 122.00
  • Tax Lot: 70

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

Closed on
Jan 25, 2016
Sold by
Bought by
Current Estimated Value
$323,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
0.0394%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 6, 2014
Sold by
Bought by
Seller's Agent
Ali Ozer
Coldwell Banker Realty
Buyer's Agent
George Akers
Better Homes & Gardens Real Estate SJ Fowler
List Price
$89,500
Sold Price
$86,000
Premium/Discount to List
-$3,500
-3.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%

Purchase Details

Closed on
Oct 19, 2011
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
$47,250
Interest Rate
0.0402%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 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
$95,000
Interest Rate
0.0581%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 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
$95,000
Interest Rate
0.0581%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
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
$102,400
Interest Rate
0.0995%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2002
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
$42,000
Interest Rate
0.0711%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 1998
Sold by
Bought by
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
-- Lawyers Title Of Arizona Inc
$86,000 Security Title Agency
$63,000 Fidelity Natl Title Ins Co
-- Fidelity Natl Title Ins Co
$19,000 Lawyers Title Insurance Corp
$18,722 None Available
$93,571 Great American Title Agency
$150,000 Camelback Title Agency Llc
-- Camelback Title Agency Llc
-- Prescott Title Inc
-- Prescott Title Inc
$50,000 Arizona Title Agency Inc
-- Grand Canyon Title Agency In
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 $74,200
Previous Owner $47,250
Previous Owner $95,000
Previous Owner $95,000
Previous Owner $102,400
Previous Owner $42,000
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
01/16/2014 01/16/14 Sold $86,000 -3.9% $45 / Sq Ft
01/02/2014 01/02/14 Pending -- -- --
12/12/2013 12/12/13 For Sale $89,500 -- $47 / 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 $831 $5,513
2024 $787 $5,250
2023 $787 $25,100 $5,020 $20,080
2022 $771 $18,480 $3,690 $14,790
2021 $787 $15,580 $3,110 $12,470
2020 $777 $13,900 $2,780 $11,120
2019 $752 $12,100 $2,420 $9,680
2018 $732 $10,620 $2,120 $8,500
2017 $697 $8,960 $1,790 $7,170
2016 $663 $7,680 $1,530 $6,150
2015 $624 $6,060 $1,210 $4,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5041801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-32-070

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