NOT LISTED FOR SALE

Estimated Value: $473,957 - $662,000

-- Bed
-- Bath
2,221 Sq Ft
$267/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $294,500 $133 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,199/month

75 Days on Market

About This Home

As of July 2019

All block triplex with 2 bed, 1 bath units rented at 665, 665, and 630. New roof, new windows, fresh paint, all tile and newer plumbing make this an excellent rental property.

Last Agent to Sell the Property

Jon Dzwonkoski

Greater Phoenix Management License #BR643387000 Listed on: 03/27/2019

Last Buyer's Agent

Hector Gomez

My Home Group Real Estate License #SA531775000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $780

Year Built

  • Built in 1953

Lot Details

  • 7,579

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 11 / 5
  • Assessor Parcel Number 117-13-011

Community Details

Overview

  • 3 Units
  • Building Dimensions are unknown
  • Mcdowell Manors Annex Subdivision

Building Details

  • Operating Expense $7,030
  • Gross Income $22,344
  • Net Operating Income $14,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$780

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 18th street and mcdowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: unknown
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2000.0
  • Subdivision Name: MCDOWELL MANORS ANNEX
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: APS
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 2160.0

Schools

  • Junior High Dist: Out of Area

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 117-13-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 22344.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 1440.0
  • Property Net Operating Income: 14750.0
  • Annual Operating Expense: 7030.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 780.0
  • Tax Block: 5
  • Tax Book Number: 117.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2019
Closed on
Jun 27, 2019
Sold by
Cho Young J
Bought by
Gomez Hector A
Seller's Agent
Jon Dzwonkoski
Greater Phoenix Management
Buyer's Agent
Hector Gomez
My Home Group Real Estate
List Price
$294,900
Sold Price
$294,500
Premium/Discount to List
-$400
-0.14%
Current Estimated Value
$593,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,739
Avg. Annual Appreciation
11.58%
Original Mortgage
$289,558
Outstanding Balance
$255,875
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$337,364

Purchase Details

Closed on
Nov 24, 2014
Sold by
Cho Young J
Bought by
Lensch Matthew and Lensch Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
3.89%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 7, 2012
Closed on
Aug 23, 2012
Sold by
Ran Llc
Bought by
Cho Young J
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$124,900
Sold Price
$107,925
Premium/Discount to List
-$16,975
-13.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$172,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 8, 2011
Closed on
May 16, 2012
Sold by
Atlantico Professional Services Llc
Bought by
Ran Llc
Seller's Agent
Olga Noblitt
1st Dream Realty
Buyer's Agent
Olga Noblitt
1st Dream Realty
List Price
$40,000
Sold Price
$50,000
Premium/Discount to List
$10,000
25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
553.14%

Purchase Details

Listed on
Nov 8, 2011
Closed on
May 15, 2012
Sold by
Parra Jose Jorge
Bought by
Atlantico Professional Services Llc
Seller's Agent
Olga Noblitt
1st Dream Realty
Buyer's Agent
Olga Noblitt
1st Dream Realty
List Price
$40,000
Sold Price
$50,000
Premium/Discount to List
$10,000
25%

Purchase Details

Closed on
Jan 29, 2008
Sold by
Parra Jose Jorge
Bought by
Parra Jose Jorge and The Jose Jorge Parra Revocable Living Tr

Purchase Details

Closed on
Apr 18, 2005
Sold by
Vanhorn Christopher
Bought by
Christopher Van Horn Family Trust

Purchase Details

Closed on
Dec 17, 2004
Sold by
Parra Lorraine M
Bought by
Parra Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,150
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2004
Sold by
Albano Albert L
Bought by
Parra Jose Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,150
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2003
Sold by
Albano Elizabeth Swint
Bought by
Albano Albert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2002
Sold by
Gould Michael A and Schimpf Karen L
Bought by
Reust Allan K and Smerekovska Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1999
Sold by
Tiger Holdings Ltd Partnership
Bought by
Gould Michael A and Schimpf Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,176
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 1994
Sold by
Leibenson Ivan B
Bought by
Tiger Holdings Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Gomez Hector A $294,900 Pioneer Title Agency Inc
Lensch Matthew $140,000 Title365 Agency
Cho Young J $215,850 Great American Title Agency
Ran Llc $57,000 Title Management Agency Of A
Atlantico Professional Services Llc $50,000 Title Management Agency Of A
Parra Jose Jorge -- None Available
Christopher Van Horn Family Trust -- Security Title Agency Inc
Parra Jose J -- Security Title Agency Inc
Parra Jose Jorge $163,500 Security Title Agency Inc
Albano Albert L -- Security Title Agency
Reust Allan K $111,000 Capital Title Agency Inc
Gould Michael A $330,000 Stewart Title & Trust
Tiger Holdings Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Hector A $289,558
Previous Owner Lensch Matthew $204,000
Previous Owner Lensch Matthew $105,000
Previous Owner Cho Young J $172,000
Previous Owner Parra Jose Jorge $122,150
Previous Owner Albano Albert L $113,600
Previous Owner Reust Allan K $99,900
Previous Owner Gould Michael A $234,176
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2019 07/12/19 Sold $294,500 -0.1% $133 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $294,900 +173.2% $133 / Sq Ft
10/18/2012 10/18/12 Sold $107,925 -13.6% $154 / Sq Ft View Prior Sale
08/16/2012 08/16/12 Pending -- -- --
06/07/2012 06/07/12 For Sale $124,900 +149.8% $178 / Sq Ft
05/21/2012 05/21/12 Sold $50,000 +25.0% $36 / Sq Ft View Prior Sale
02/29/2012 02/29/12 Pending -- -- --
11/08/2011 11/08/11 For Sale $40,000 -- $29 / 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 $898 $6,651 -- --
2024 $855 $6,334 -- --
2023 $855 $44,730 $8,940 $35,790
2022 $821 $32,980 $6,590 $26,390
2021 $841 $21,950 $4,390 $17,560
2020 $821 $19,010 $3,800 $15,210
2019 $815 $16,170 $3,230 $12,940
2018 $798 $11,030 $2,200 $8,830
2017 $767 $10,510 $2,100 $8,410
2016 $738 $8,790 $1,750 $7,040
2015 $686 $7,490 $1,490 $6,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5901890

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-13-011