NOT LISTED FOR SALE

Estimated Value: $872,000 - $1,139,000

-- Bed
-- Bath
2,788 Sq Ft
$373/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $900,000 $323 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,665/month

1 Day on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of August 2021

This fourplex has everything new. From the underground pipes to the new roof. Need I say new dual pane windows with the new sliding glass doors (blinds on the inside of the glass). An on-site laundry room with owner owned washer and dryer. This property sits in Arcadia Lite nestled on a cul-de-sac. Please see the documents tab for the complete list of items done. There are over 200K of work being completed now.The construction is still underway but you would not be sorry on this property. Please do not walk property without me for liability reasons.All extensive Construction done by Licensed Contractor; New flooring; New Quartz Counter Tops; New Tile Back Splash; New New Air-conditioners; New Hot Water Heaters; New New Parking Lot

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 07/31/2021

Last Buyer's Agent

Linda CCIM

Stephen Magee Int'l Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,764

Year Built

  • Built in 1957

Lot Details

  • 6,926

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 119-28-139

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Thunderbird Terrace Subdivision

Building Details

  • Operating Expense $13,481
  • Gross Income $70,189
  • Net Operating Income $56,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,764

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 19th Street & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 5617.0
  • Subdivision Name: THUNDERBIRD TERRACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Stone, 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:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks), APS, Individual Meter
  • Cooling: Individual, Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 2600.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 119-28-139

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 70189.2
  • Insurance Expense: 2300.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 56727.0
  • Annual Operating Expense: 13481.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1764.0
  • Tax Book Number: 119.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2021
Closed on
Aug 16, 2021
Sold by
Romero Kassandra Kosinski
Bought by
Romero Raymond
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$975,000
Sold Price
$900,000
Premium/Discount to List
-$75,000
-7.69%
Current Estimated Value
$1,053,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,669
Avg. Annual Appreciation
3.38%
Original Mortgage
$500,000
Outstanding Balance
$454,655
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$585,398

Purchase Details

Listed on
Jul 31, 2021
Closed on
Aug 15, 2021
Sold by
Penny Lane Investing Llc
Bought by
Romero Conchita and Conchita Romero Family Trust
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$975,000
Sold Price
$900,000
Premium/Discount to List
-$75,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$454,655
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$585,398

Purchase Details

Closed on
Feb 11, 2021
Sold by
Applegate Capital Llc
Bought by
Penny Lane Investing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
2.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 22, 2021
Sold by
Lucchesi Scott
Bought by
Applegate Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
2.6%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 13, 2014
Sold by
Kass Terry J
Bought by
Lucchesi Scott

Purchase Details

Closed on
Jan 4, 2006
Sold by
Blackburn Wyatt and Blackburn Kono
Bought by
Lucchesi Scott and Kass Terry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2006
Sold by
Lucchesi Christie
Bought by
Lucchesi Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2004
Sold by
Dziedzic David J
Bought by
Blackburn Wyatt and Blackburn Kono

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,300
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2004
Sold by
Marcus Narcis and Marcus Monica
Bought by
Dziedzic David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,150
Interest Rate
8.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Romero Raymond -- Empire West Title Agency Llc
Romero Conchita $900,000 Empire West Title Agency Llc
Penny Lane Investing Llc $470,000 Pioneer Title Agency Inc
Applegate Capital Llc $420,000 Pioneer Title Agency Inc
Lucchesi Scott -- Pioneer Title Agency Inc
Applegate Capital Llc $420,000 Pioneer Title
Lucchesi Scott -- None Available
Lucchesi Scott $325,000 Capital Title Agency Inc
Lucchesi Scott -- Capital Title Agency Inc
Blackburn Wyatt $249,000 Capital Title Agency Inc
Dziedzic David J $197,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Raymond $500,000
Closed Romero Conchita $500,000
Previous Owner Penny Lane Investing Llc $520,000
Previous Owner Lucchesi Scott $260,000
Previous Owner Blackburn Wyatt $174,300
Previous Owner Dziedzic David J $187,150
Closed Blackburn Wyatt $49,800
Closed Lucchesi Scott $32,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2021 08/19/21 Sold $900,000 0.0% $323 / Sq Ft View Prior Sale
08/19/2021 08/19/21 Sold $900,000 -7.7% $323 / Sq Ft
07/31/2021 07/31/21 Price Changed $975,000 +8.3% $350 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $900,000 -7.7% $323 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $975,000 -- $350 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
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 $1,931 $14,299 -- --
2024 $1,837 $13,618 -- --
2023 $1,837 $55,860 $11,170 $44,690
2022 $1,765 $41,060 $8,210 $32,850
2021 $1,808 $36,970 $7,390 $29,580
2020 $1,764 $30,650 $6,130 $24,520
2019 $1,752 $24,800 $4,960 $19,840
2018 $1,716 $21,720 $4,340 $17,380
2017 $1,650 $19,400 $3,880 $15,520
2016 $1,586 $15,900 $3,180 $12,720
2015 $1,475 $14,160 $2,830 $11,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6235140

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-28-139