NOT LISTED FOR SALE

Estimated Value: $313,000 - $391,000

-- Bed
1 Bath
1,000 Sq Ft
$360/Sq Ft Est. Value

Sale Details

Date Sold: March 24, 2020

Last sale price $220,000 $220 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,092 / mo

1 Day on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Outdoor Storage
  • 5 Car Garage

About This Home

As of March 2020

5K Buyer fix up bonus, see flrplan in doc. An investor and like a high return in a very desirable location close to Freeway and close access to shopping, here it is. Seller offering a 5K buyer bonus because property is in need of remodeling/ updating. 3 units(2 currently rented out). Tenants are aware of the property being sold and willing to work with remodel. You can drive by and even walk out front. This is a old build and buyer will need to fix/update items around complex(all one story). This is being sold as is for 50K below market because of needing fixed up. Do not come in with any lower offers. Once we have a offer(contingent on seeing inside units) we will show to buyer. This is an amazing value and with a remodel or update you can raise rents. Hurry!!!

Last Agent to Sell the Property

Troy Reeves

RE/MAX Solutions License #BR105780000 Listed on: 03/05/2020

RE/MAX Solutions

Last Buyer's Agent

Andrea Smith

Realty ONE Group License #SA677039000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,244

Year Built

  • Built in 1945

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Parking

  • 5 Car Garage
  • Parking Available
  • Free Parking
  • Additional Parking
  • On-Street Parking
  • 4 Open Parking Spaces

Outdoor Features

  • Outdoor Storage

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, electricity, gas, trash collection
  • Tax Lot 25
  • Assessor Parcel Number 120-29-034

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 115' by 50'
  • Sunset Acres Subdivision

Building Details

  • Operating Expense $7,053
  • Gross Income $24,960
  • Net Operating Income $17,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,244

Year Built

Built in 1945

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: McDowell and 24th street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: SUNSET ACRES
  • Garage Yn: Yes
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Evaporative Cooling, Electric, Window/Wall Unit, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Dishwasher, Microwave, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Mini Blinds

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition
  • Exterior Amenities: Curb(s) & Gutter(s), Desert Landscaping, Partially Fenced, Separate Storage

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Open, 1 Space/Unit, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • Parking Features:Parking Features: Garage, Free, 1 Space/Unit, On Street, >1 Space Per Unit, Add'l Parking Avail

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Electric, Window/Wall Unit, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Fuel Expense: 415.0
  • Annual Water Sewer Expense: 1794.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 115' by 50'
  • Additional Parcels: No
  • Parcel #: 120-29-034

Multi Family

  • Owner Pays: Water, Electricity, Gas, Trash Collection
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 3600.0
  • Annual Gross Income: 24960.0
  • Property Net Operating Income: 17980.0
  • Annual Operating Expense: 7053.0

Tax Info

  • Tax Annual Amount: 1244.0
  • Tax Book Number: 120.0
  • Tax Lot: 25

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
Jun 30, 2020
Sold by
Bought by
Current Estimated Value
$360,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
0.0437%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2020
Closed on
Mar 23, 2020
Sold by
Bought by
Seller's Agent
Troy Reeves
RE/MAX Solutions
Buyer's Agent
Andrea Smith
Realty ONE Group
List Price
$200,000
Sold Price
$220,000
Premium/Discount to List
$20,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Listed on
Oct 22, 2013
Closed on
Apr 14, 2014
Sold by
Bought by
Seller's Agent
John Williams
HomeSmart
Buyer's Agent
Yanet Alvarado
HomeSmart
List Price
$92,000
Sold Price
$77,000
Premium/Discount to List
-$15,000
-16.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.33%
Original Mortgage
$57,750
Interest Rate
0.0432%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2013
Closed on
Apr 7, 2014
Sold by
Bought by
Seller's Agent
John Williams
HomeSmart
Buyer's Agent
Yanet Alvarado
HomeSmart
List Price
$92,000
Sold Price
$77,000
Premium/Discount to List
-$15,000
-16.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Interest Rate
0.0432%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2013
Closed on
Apr 1, 2014
Sold by
Bought by
Seller's Agent
John Williams
HomeSmart
Buyer's Agent
Yanet Alvarado
HomeSmart
List Price
$92,000
Sold Price
$77,000
Premium/Discount to List
-$15,000
-16.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Interest Rate
0.0432%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2013
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
$67,868
Interest Rate
0.0455%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 26, 2013
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
$67,868
Interest Rate
0.0455%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 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
$108,000
Interest Rate
0.0572%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 1994
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 1994
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
-- Fidelity Natl Ttl Agcy Inc
$220,000 Fidelity Natl Ttl Agcy Inc
-- Fidelity National Title Agen
$77,000 Fidelity National Title Agen
-- Fidelity National Title Agen
$66,000 Fidelity National Title Agen
$77,000 None Available
$129,000 Security Title Agency Inc
-- --
$10,000 --
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 $350,000
Closed $303,750
Closed $161,000
Previous Owner $57,750
Previous Owner $57,750
Previous Owner $67,868
Previous Owner $3,000,000
Previous Owner $108,000
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 Prior Sale
03/24/2020 03/24/20 Sold $220,000 +10.0% $220 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $200,000 +159.7% $200 / Sq Ft
04/16/2014 04/16/14 Sold $77,000 -16.3% $77 / Sq Ft View Prior Sale
03/10/2014 03/10/14 Pending -- -- --
10/22/2013 10/22/13 For Sale $92,000 -- $92 / 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 $1,371 $10,150
2024 $1,304 $9,667
2023 $1,304 $26,360 $5,270 $21,090
2022 $1,253 $19,950 $3,990 $15,960
2021 $1,284 $19,070 $3,810 $15,260
2020 $1,252 $14,580 $2,910 $11,670
2019 $1,244 $12,460 $2,490 $9,970
2018 $1,218 $10,750 $2,150 $8,600
2017 $1,171 $9,160 $1,830 $7,330
2016 $597 $7,350 $1,470 $5,880
2015 $556 $5,580 $1,110 $4,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6046160

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-29-034

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