NOT LISTED FOR SALE

Estimated Value: $380,000 - $492,000

-- Bed
-- Bath
1,395 Sq Ft
$305/Sq Ft Est. Value

Last Sold June 13, 2013

Last sale price $134,000 $96 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $2,316/month

77 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of June 2013

Completely remodeled Duplex in a predominantly single family residential neighborhood. New roof as of 1/2013. Great income potential and easy to rent. Both units have a new kitchen and baths as well as newer appliances. Each unit has washer and dryer hook up. Off street parking for both units including 1 covered spot for 1 unit. One unit has fenced backyard. Owner is a licensed Real Estate agent in the State of Arizona.

Last Agent to Sell the Property

Michael Kraus

Realty ONE Group License #SA509101000 Listed on: 02/22/2013

Last Buyer's Agent

Patrick Mullins

Revinre License #SA639614000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $572

Year Built

  • Built in 1948

Lot Details

  • 7,710

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 117-12-001

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7696
  • Green Gables Subdivision

Building Details

  • Operating Expense $3,082
  • Gross Income $15,830
  • Net Operating Income $13,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$572

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: McDowell and 24th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Subdivision Name: Green Gables
  • 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:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Lot Info

  • Lot Size: 7696
  • Additional Parcels: No
  • Parcel #: 117-12-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 15830.4
  • Insurance Expense: 450.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 13810.0
  • Annual Operating Expense: 3082.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 572.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2013
Sold by
Gerhartz Andrew
Bought by
Atg Holdings Llc
Current Estimated Value
$424,811

Purchase Details

Listed on
Feb 22, 2013
Closed on
Jun 4, 2013
Sold by
Brown John T
Bought by
Gerhartz Andrew Thomas
Seller's Agent
Michael Kraus
Realty ONE Group
Buyer's Agent
Patrick Mullins
Revinre
List Price
$138,000
Sold Price
$134,000
Premium/Discount to List
-$4,000
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%

Purchase Details

Closed on
Dec 18, 2002
Sold by
Torney Dale L
Bought by
Brown John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,200
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2001
Sold by
Trygar Stanley J
Bought by
Torney Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,950
Interest Rate
6.91%
Mortgage Type
Trade
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
Atg Holdings Llc -- None Available
Gerhartz Andrew Thomas $134,000 Fidelity National Title Agen
Brown John T $126,500 Capital Title Agency Inc
Torney Dale $95,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown John T $101,200
Previous Owner Torney Dale $85,950
Closed Brown John T $12,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2013 06/13/13 Sold $134,000 0.0% $96 / Sq Ft
05/25/2013 05/25/13 Rented $660 0.0% --
05/10/2013 05/10/13 Pending -- -- --
05/09/2013 05/09/13 Under Contract -- -- --
02/22/2013 02/22/13 For Sale $138,000 0.0% $99 / Sq Ft
01/11/2013 01/11/13 For Rent $670 -- --
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 $1,059 $7,837 -- --
2024 $1,007 $7,464 -- --
2023 $1,007 $28,450 $5,690 $22,760
2022 $968 $21,250 $4,250 $17,000
2021 $991 $18,170 $3,630 $14,540
2020 $967 $14,800 $2,960 $11,840
2019 $960 $12,100 $2,420 $9,680
2018 $941 $10,060 $2,010 $8,050
2017 $904 $9,870 $1,970 $7,900
2016 $869 $8,300 $1,660 $6,640
2015 $809 $7,160 $1,430 $5,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4894343

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-12-001