Seller's Agent in 2020
Mark Messner
Superlative Realty
(480) 745-0084
35 Total Sales
1908 E Broadway Rd Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $517,000 - $659,000
Studio
--
Bath
1,792
Sq Ft
$319/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Air
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of August 2020Please ignore days on market. Buyer financing fell through after 45 days on the market.Four units all two bedroom with plenty of parking. One building was built in 1973 the other 1985. Tenants are long time tenants paying under market value.
Market calls for $850 min per unit which would raise annual profits by $8,200. Drive by only. Do not disturb tenants. No showings until accepted contract.
Last Agent to Sell the Property
Superlative Realty License #SA648605000 Listed on: 05/14/2020
Last Buyer's Agent
Heather Bennett
Revinre License #SA658415000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,262
Year Built
- Built in 1973
Lot Details
- 0.35
Home Design
- Wood Frame Construction
- Composition Roof
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Paved Parking
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Assessor Parcel Number 122-38-145-D
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 15028 Sq Ft
Building Details
- Operating Expense $11,937
- Gross Income $31,952
- Net Operating Income $20,015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2020
Closed on
Aug 14, 2020
Sold by
Sommers Drew G
Bought by
Holmberg Matthew
Seller's Agent
Mark Messner
Superlative Realty
Buyer's Agent
Heather Bennett
Revinre
List Price
$360,000
Sold Price
$355,000
Premium/Discount to List
-$5,000
-1.39%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,954
Avg. Annual Appreciation
9.23%
Original Mortgage
$266,250
Outstanding Balance
$236,182
Interest Rate
3%
Estimated Equity
$335,772
Purchase Details
Closed on
Dec 28, 2015
Sold by
Nkj Investments Llc
Bought by
Sommers Drew G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 13, 2012
Closed on
Sep 23, 2012
Sold by
Copeland Lawrence J and Copeland Joie N
Bought by
Nkj Investments Llc
Seller's Agent
Tim Furst
Furst Professional Realty, LLC
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$59,111
Sold Price
$64,500
Premium/Discount to List
$5,389
9.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.82%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Holmberg Matthew | $355,000 | Security Title Agency Inc | |
| Sommers Drew G | $190,000 | First Arizona Title Agency | |
| Nkj Investments Llc | $64,500 | Magnus Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Holmberg Matthew | $266,250 | |
| Previous Owner | Sommers Drew G | $142,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2020 08/24/20 | Sold | $355,000 | -1.4% | $198 / Sq Ft | |
| 08/24/2020 08/24/20 | For Sale | $360,000 | 0.0% | $201 / Sq Ft | |
| 08/24/2020 08/24/20 | Price Changed | $360,000 | 0.0% | $201 / Sq Ft | |
| 07/10/2020 07/10/20 | Price Changed | $360,000 | +1.4% | $201 / Sq Ft | |
| 07/09/2020 07/09/20 | For Sale | $355,000 | 0.0% | $198 / Sq Ft | |
| 07/09/2020 07/09/20 | Price Changed | $355,000 | 0.0% | $198 / Sq Ft | |
| 06/16/2020 06/16/20 | For Sale | $355,000 | 0.0% | $198 / Sq Ft | |
| 06/16/2020 06/16/20 | Price Changed | $355,000 | 0.0% | $198 / Sq Ft | |
| 05/14/2020 05/14/20 | For Sale | $355,000 | +86.8% | $198 / Sq Ft | |
| 02/29/2016 02/29/16 | Sold | $190,000 | -3.3% | $106 / Sq Ft | View Prior Sale |
| 02/03/2016 02/03/16 | Pending | -- | -- | -- | |
| 02/02/2016 02/02/16 | For Sale | $196,500 | +204.7% | $110 / Sq Ft | |
| 09/28/2012 09/28/12 | Sold | $64,500 | +9.1% | $36 / Sq Ft | View Prior Sale |
| 09/15/2012 09/15/12 | Pending | -- | -- | -- | |
| 09/13/2012 09/13/12 | For Sale | $59,111 | -- | $33 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,506 | $9,988 | -- | -- |
| 2024 | $1,313 | $9,513 | -- | -- |
| 2023 | $1,313 | $48,400 | $9,680 | $38,720 |
| 2022 | $1,286 | $30,420 | $6,080 | $24,340 |
| 2021 | $1,322 | $25,210 | $5,040 | $20,170 |
| 2020 | $1,306 | $22,250 | $4,450 | $17,800 |
| 2019 | $1,262 | $19,910 | $3,980 | $15,930 |
| 2018 | $1,227 | $14,810 | $2,960 | $11,850 |
| 2017 | $1,150 | $13,280 | $2,650 | $10,630 |
| 2016 | $1,092 | $11,810 | $2,360 | $9,450 |
| 2015 | $1,018 | $9,330 | $1,860 | $7,470 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Messner
-
H
Buyer's Agent in 2020
Heather Bennett
Revinre
-
H
Buyer's Agent in 2020
Heather Quezada
Hunt Real Estate
-
L
Seller's Agent in 2016
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
L
Seller Co-Listing Agent in 2016
Lois Kaipainen
Income Property Shop
-
Tim Furst
Seller's Agent in 2012
Tim Furst
Furst Professional Realty, LLC
(602) 432-4176
22 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6078109
APN: 122-38-145D
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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