$119,900
SOLD JUN 15, 2012
4 Beds
4 Baths
450 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$266 Per Sq Ft

8% Below List Price

82 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2015

BRING ALL OFFERS. OWNER MAY CARRY DOWN PAYMENT FOR QUALIFIED OFFER. Turn-key investment property at its best. 100% Occupancy!!! All units in this clean 4-plex have been remodeled with new tile, new paint, new cabinets and counter tops, sinks, kitchen appliances, easy to maintain ceramic tile, dual pane windows and more. Don't miss out on an opportunity to purchase four units with great cash flow. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Michael Van Vleck

Denali Real Estate, LLC License #BR630836000 Listed on: 02/23/2012

Last Buyer's Agent

Greg Sidoff

West USA Realty License #SA562142000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $835

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Built-Up Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Laundry

  • Washer and Dryer Hookup

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $715 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$835

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range, Refrigerator, W/D Hookup
  • Construction Finish: Painted, Stucco
  • Cross Street: U.S. 10 and Washington Street
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 17
  • Roads Streets: Asphalt, Curb(s) & Gutter(s)
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 1900
  • Marketing Name: Adams Street
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: Q34
  • Year Built: 1983
  • Tax Year: 2011
  • Directions: West on Washington, N. on 20th Street, West on East Adams. Property on Right.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Built-Up, Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: 1 Space/Unit
  • Total Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Cooling: Individual
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Adjusted Gross Inc: 18960.00
  • Income And Expenses Annual Ins Exp: 750.00
  • Income And Expenses Annual Maint Exp: 600.00
  • Income And Expenses Annual Water Sewer Exp: 1800.00
  • Income And Expenses Gross Annual Sch Inc: 18960.00
  • Income And Expenses Net Operating Income: 13516.00
  • Income And Expenses Operating Exp: 3865.00
  • Number Of One Bedroom Units: 4
  • One Bedroom Units Avg Rent: 395.00
  • One Bedroom Units Avg Sq Ft: 450
  • One Bedroom Units Baths: 1
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00

Tax Info

  • Taxes: 715.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2015
Closed on
Nov 18, 2015
Sold by
Mccullough Katrina
Bought by
Goodwin Corey
Seller's Agent
Kirsten Schafer
Property Plus USA Realty
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$120,000
Sold Price
$122,500
Premium/Discount to List
$2,500
2.08%
Total Days on Market
82
Current Estimated Value
$476,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,833
Avg. Annual Appreciation
15.47%
Original Mortgage
$143,500
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2012
Closed on
Jun 11, 2012
Sold by
Absb Holding Llc
Bought by
Mccullough Katrina
Seller's Agent
Michael Van Vleck
Denali Real Estate, LLC
Buyer's Agent
Greg Sidoff
West USA Realty
List Price
$129,900
Sold Price
$119,900
Premium/Discount to List
-$10,000
-7.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%
Original Mortgage
$82,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2010
Sold by
Ez Homes Inc
Bought by
Absb Holdings Llc

Purchase Details

Closed on
Jan 25, 2010
Sold by
Kaitz Mark S
Bought by
Ez Homes Inc

Purchase Details

Closed on
Jun 7, 2006
Sold by
Kaitz Mark S
Bought by
Kaitz Mark S and Kaitz Carole Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2006
Sold by
Makris William J
Bought by
Kaitz Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2006
Sold by
Kaitz Carole Z
Bought by
Kaitz Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2005
Sold by
Makris Sophie Coronado
Bought by
Makris William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Reyes Raul
Bought by
Coronado Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
Sold by
Woods Jorden and Liu Xiaochun
Bought by
Reyes Raul P and Reyes Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Roe Dw and Roe June N
Bought by
Woods Jorden and Liu Xiaochun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,920
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2003
Sold by
Roe Dw and Roe June N
Bought by
Roe Dw and Roe June N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,920
Interest Rate
4.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $122,500 Equity Title Agency Inc
Warranty Deed $110,000 Fidelity National Title Agen
Quit Claim Deed -- None Available
Trustee Deed $44,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $230,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Dhi Title Of Arizona Inc
Warranty Deed $200,000 Dhi Title Of Arizona Inc
Quit Claim Deed -- Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed $122,400 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 New Conventional
Closed $143,500 New Conventional
Previous Owner $82,500 New Conventional
Previous Owner $184,000 Purchase Money Mortgage
Previous Owner $184,000 Purchase Money Mortgage
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $30,000 Credit Line Revolving
Previous Owner $123,750 Purchase Money Mortgage
Previous Owner $123,750 Purchase Money Mortgage
Previous Owner $92,920 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2015 11/17/15 Sold $122,500 +2.1% $63 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $120,000 +0.1% $62 / Sq Ft
06/15/2012 06/15/12 Sold $119,900 -7.7% $266 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
02/23/2012 02/23/12 For Sale $129,900 -- $289 / 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 $835 $6,243 -- --
2024 $827 $5,945 -- --
2023 $827 $29,400 $5,880 $23,520
2022 $797 $20,820 $4,160 $16,660
2021 $791 $16,120 $3,220 $12,900
2020 $800 $13,610 $2,720 $10,890
2019 $799 $11,580 $2,310 $9,270
2018 $786 $10,280 $2,050 $8,230
2017 $767 $9,500 $1,900 $7,600
2016 $745 $7,410 $1,480 $5,930
2015 $690 $6,100 $1,220 $4,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4720464

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-03-036