NOT LISTED FOR SALE

Estimated Value: $547,000 - $579,000

Studio
3 Baths
1,615 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: July 13, 2023

Last sale price $505,000 $313 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,135 / mo

152 Days on Market

About This Home

As of July 2023

Great cashflow property. This triplex consists of a stand alone 3bed 1 bath house in the front and a duplex in the back (2 1bed 1 bath units). Lots of upgrades by the owner. If you want a hassle free, turnkey, positive cashflow property this is the one for you. Newer A/C units, new flooring, landscape, paint plus many more. Close to downtown with easy access to freeways make this property perfect. Long term tenants in place.

Last Agent to Sell the Property

Maziar Tokmehchin

HomeSmart License #SA660948000 Listed on: 12/05/2022

HomeSmart

Last Buyer's Agent

Geoffrey Hyland, PLLC

eXp Realty License #SA561564000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,002

Year Built

  • Built in 1964

Lot Details

  • 7,884

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

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

Schools

  • Camelback High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for water
  • Tax Lot 1
  • Assessor Parcel Number 117-06-001

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 7879
  • Gibbons Place Subdivision

Building Details

  • Operating Expense $4,062
  • Gross Income $41,940
  • Net Operating Income $37,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,002

Year Built

Built in 1964

Lot Details

7,884 Sq Ft Lot

Listing Details

  • Cross Street: 20th ST & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: GIBBONS PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Heat Pump, Electric
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

  • High School: Camelback High School

Lot Info

  • Lot Size: 7879
  • Additional Parcels: No
  • Parcel #: 117-06-001

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 41940.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 37878.0
  • Annual Operating Expense: 4062.0

Tax Info

  • Tax Annual Amount: 1002.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jul 13, 2023
Sold by
Perry David Lon
Bought by
Jernigan Ann M
Seller's Agent
Maziar Tokmehchin
HomeSmart
Buyer's Agent
Geoffrey Hyland, PLLC
eXp Realty
List Price
$580,000
Sold Price
$505,000
Premium/Discount to List
-$75,000
-12.93%
Views
236
Current Estimated Value
$570,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,088
Avg. Annual Appreciation
4.38%
Original Mortgage
$520,000
Outstanding Balance
$507,595
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$62,493

Purchase Details

Listed on
Jan 10, 2020
Closed on
Apr 9, 2020
Sold by
Cash Now Homes Llc
Bought by
Perry David Lon
Seller's Agent
Alberto Ceja Santiago
DeLex Realty
Buyer's Agent
Maziar Tokmehchin
HomeSmart
List Price
$379,997
Sold Price
$345,000
Premium/Discount to List
-$34,997
-9.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.40%
Original Mortgage
$338,751
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2019
Sold by
Agape Real Estate Solutions Lp
Bought by
Cash Now Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,983
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2003
Sold by
Wilson Ricky F and Wilson Sharon K
Bought by
Agape Real Estate Solutions Lp and Lode Yale Land Trust #1

Purchase Details

Closed on
Jul 11, 2002
Sold by
Lode Martin and Ng Dixon
Bought by
Wilson Ricky and Wilson Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 1995
Sold by
Ng Dixon
Bought by
Lode Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,700
Interest Rate
7.88%
Mortgage Type
Commercial
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
Jernigan Ann M $505,000 Landmark Title
Perry David Lon $345,000 Security Title Agency Inc
Cash Now Homes Llc $230,000 Great American Title Agency
Agape Real Estate Solutions Lp -- --
Wilson Ricky $112,000 Stewart Title & Trust
Ng Dixon -- Stewart Title & Trust
Lode Martin -- Stewart Title & Trust
Lode Martin $73,000 Grand Canyon Title Agency In
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 Jernigan Ann M $520,000
Previous Owner Perry David Lon $338,751
Previous Owner Cash Now Homes Llc $238,983
Previous Owner Wilson Ricky $100,800
Previous Owner Lode Martin $65,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2023 07/13/23 Sold $505,000 -8.2% $313 / Sq Ft
04/01/2023 04/01/23 Price Changed $550,000 -1.8% $341 / Sq Ft
01/30/2023 01/30/23 Price Changed $560,000 -3.4% $347 / Sq Ft
12/04/2022 12/04/22 For Sale $580,000 +68.1% $359 / Sq Ft
04/10/2020 04/10/20 Sold $345,000 -9.2% $214 / Sq Ft View Prior Sale
04/01/2020 04/01/20 For Sale $379,997 0.0% $235 / Sq Ft
04/01/2020 04/01/20 Price Changed $379,997 0.0% $235 / Sq Ft
03/17/2020 03/17/20 For Sale $379,997 0.0% $235 / Sq Ft
03/17/2020 03/17/20 Price Changed $379,997 0.0% $235 / Sq Ft
02/07/2020 02/07/20 Price Changed $379,997 -2.6% $235 / Sq Ft
01/28/2020 01/28/20 Price Changed $389,997 0.0% $241 / Sq Ft
12/27/2019 12/27/19 For Sale $390,000 -- $241 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,096 $8,115 -- --
2024 $1,043 $7,729 -- --
2023 $1,043 $37,020 $7,400 $29,620
2022 $1,002 $28,050 $5,610 $22,440
2021 $1,026 $22,020 $4,400 $17,620
2020 $1,001 $19,270 $3,850 $15,420
2019 $994 $16,420 $3,280 $13,140
2018 $974 $12,920 $2,580 $10,340
2017 $936 $12,600 $2,520 $10,080
2016 $900 $10,460 $2,090 $8,370
2015 $837 $8,830 $1,760 $7,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6495410

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-001

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