NOT LISTED FOR SALE

Estimated Value: $394,000 - $477,000

Studio
-- Bath
1,589 Sq Ft
$272/Sq Ft Est. Value

Last Sold February 25, 2019

Last sale price $225,000 $142 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,335/month

11 Days on Market

Highlights

  • Evaporated cooling system
  • Community Playground
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of February 2019

Duplex leased up! Wonderful investment opportunity in a great central location. Close to Phoenix Children's Hospital, downtown, and freeways. Tenants in both units. Large Storage/Art studio in back with covered parking and large gate. Potential PLUS! Low maintenance investment. Lot's of updates here including new roof in 2016! Mature Trees & Lawn provide tranquil space for tenants' enjoyment. Good time to increase rents! PLEASE DO NOT DISTURB TENANTS. Drive By ONLY.

Last Agent to Sell the Property

BOOTs! Brian Bouterie

Realty Executives Arizona Territory License #SA042437000 Listed on: 01/15/2019

Realty Executives Arizona Territory

Last Buyer's Agent

Tyler Davis

Coldwell Banker Realty License #SA671119000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $835

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • William T Machan Elementary School
  • North High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 17
  • Assessor Parcel Number 117-06-016-C

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Building Dimensions are 7724
  • Gibbons Place Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $4,706
  • Gross Income $16,063
  • Net Operating Income $12,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$835

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 20ST / THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: res rental
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2018
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: GIBBONS PLACE
  • Tax Parcel Letter: C
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Electric, 2 or More Units
  • Heating: Individual, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: William T Machan Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William T Machan Elementary School

Lot Info

  • Lot Size: 7724
  • Additional Parcels: No
  • Parcel #: 117-06-016-C

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 16063.2
  • Insurance Expense: 952.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 12189.0
  • Annual Operating Expense: 4706.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 835.0
  • Tax Book Number: 117.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Benitez Becky M
Bought by
Sheridan Venture Llc
Current Estimated Value
$431,583

Purchase Details

Listed on
Jan 15, 2019
Closed on
Feb 19, 2019
Sold by
Affronti Ciro
Bought by
Benitez Becky M
Seller's Agent
BOOTs! Brian Bouterie
Realty Executives Arizona Territory
Buyer's Agent
Tyler Davis
Coldwell Banker Realty
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$220,924
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 21, 2015
Closed on
Apr 27, 2016
Sold by
Sheridan Street Studios Llc
Bought by
Affronti Ciro
Seller's Agent
Kellye Serrano
HomeSmart
Buyer's Agent
BOOTs! Brian Bouterie
Realty Executives Arizona Territory
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.23%
Original Mortgage
$108,007
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2012
Sold by
Doner Brian
Bought by
Sheridan Street Studios Llc

Purchase Details

Closed on
Sep 22, 2010
Sold by
Ramirez Christina
Bought by
Boner Brian

Purchase Details

Closed on
Jun 8, 2010
Sold by
Garcia Guillermo G
Bought by
Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 3, 2010
Sold by
Garcia Guillermo G
Bought by
Bank Of New York Mellon

Purchase Details

Closed on
Jul 17, 2009
Sold by
Garcia Guillermo G and Carrera Serafina
Bought by
Hernandez Elias Rodriguez and Ventura Criotilde Martinez

Purchase Details

Closed on
Mar 27, 2008
Sold by
Garcia Guillermo G and Carrera Serafina
Bought by
Hernandez Elias Rodriguez and Ventura Cleotilde Martinez

Purchase Details

Closed on
Aug 22, 2006
Sold by
Garcia Guillermo G and Cabrera Serafina
Bought by
Garcia Guillermo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2000
Sold by
Finca Enterprises Inc
Bought by
Garcia Guillermo G and Carrera Serafina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,860
Interest Rate
8.19%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 2000
Sold by
Wells T Aaron and Wells Dionne
Bought by
Finca Enterprises Inc

Purchase Details

Closed on
Jul 8, 1998
Sold by
Hunt John F and Hunt Faye D
Bought by
Wells T Aaron and Wells Dionne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
7%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sheridan Venture Llc -- None Listed On Document
Benitez Becky M $225,000 Wfg National Title Insurance
Affronti Ciro $110,000 Wfg National Title Ins Co
Sheridan Street Studios Llc -- None Available
Boner Brian -- Lawyers Title Of Arizona Inc
Boner Brian $33,500 Lawyers Title Of Arizona Inc
Bank Of New York Mellon $47,748 Lawyers Title Insurance Corp
Bank Of New York Mellon $47,748 None Available
Hernandez Elias Rodriguez -- None Available
Hernandez Elias Rodriguez -- None Available
Garcia Guillermo G -- Great American Title Agency
Garcia Guillermo G $91,000 Security Title Agency
Finca Enterprises Inc $65,000 Fidelity National Title
Wells T Aaron $48,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benitez Becky M $220,924
Previous Owner Affronti Ciro $108,007
Previous Owner Garcia Guillermo G $142,500
Previous Owner Garcia Guillermo G $90,860
Previous Owner Wells T Aaron $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2019 02/25/19 Sold $225,000 0.0% $142 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $225,000 +73.1% $142 / Sq Ft
04/22/2016 04/22/16 Sold $130,000 -13.3% $82 / Sq Ft View Prior Sale
03/29/2016 03/29/16 Pending -- -- --
12/21/2015 12/21/15 For Sale $149,900 -- $94 / 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 $940 $6,961 -- --
2024 $895 $6,630 -- --
2023 $895 $30,310 $6,060 $24,250
2022 $859 $22,750 $4,550 $18,200
2021 $880 $17,950 $3,590 $14,360
2020 $859 $15,530 $3,100 $12,430
2019 $853 $13,110 $2,620 $10,490
2018 $835 $11,550 $2,310 $9,240
2017 $803 $10,030 $2,000 $8,030
2016 $772 $8,210 $1,640 $6,570
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5868191

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-016C