NOT LISTED FOR SALE

Estimated Value: $428,000 - $1,034,000

2 Beds
2 Baths
480 Sq Ft
$1,616/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $1,080,000 $2,250 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $4,655/month

71 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of February 2022

4 units, garden-style property, built in 1936 & 1953. Fully renovated with brand new countertops, flooring, stainless-steel appliances, and more. One 3-bed/ 2-bath Single Family Home, One 3-bed/ 1-bath Patio Home, and Two 2-bed/1-bath casitas. All units have large private back yards. Easy access to Route 51 Freeway & close proximity to Phoenix Children's Hospital, Phoenix Country Club, & Coronado Park.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 10/11/2021

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Denise Kemper

HomeSmart License #SA662945000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,178

Year Built

  • Built in 1936

Lot Details

  • 0.33

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • Carport
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 117-06-110-A

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 193x75

Building Details

  • Operating Expense $1,178
  • Gross Income $355,320
  • Net Operating Income $59,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,178

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Other, Dishwasher, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, <1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 193x75
  • Additional Parcels: No
  • Parcel #: 117-06-110-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 355320.0
  • Property Net Operating Income: 59676.0
  • Annual Operating Expense: 1178.0
  • Vacancy Allowance Rate: 5.5

Tax Info

  • Tax Annual Amount: 1178.0
  • Tax Book Number: 117.00
  • Tax Lot: --

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2025
Sold by
Maloney Timothy and Maloney Natalie A
Bought by
Tim & Natalie Maloney Living Trust and Maloney
Current Estimated Value
$870,082

Purchase Details

Listed on
Oct 11, 2021
Closed on
Feb 15, 2022
Sold by
Avtar Verma
Bought by
Glen V Freter Separate Property Trust
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Denise Kemper
HomeSmart
List Price
$1,100,000
Sold Price
$1,080,000
Premium/Discount to List
-$20,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.08%
Original Mortgage
$670,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 27, 2021
Sold by
Adair Darryl S and Adair Teresa M
Bought by
Verma Avtar
Seller's Agent
Tom Henschen
Tom Henschen And Assoc., Inc
Buyer's Agent
Tom Palestina
ABI Multifamily
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
124.37%

Purchase Details

Listed on
Jun 17, 2016
Closed on
Jul 25, 2016
Sold by
Tpi Az 4 Llc
Bought by
Adair Darryl S and Adair Teresa M
Seller's Agent
Staci Smedstad
DeLex Realty
Buyer's Agent
Tom Henschen
Tom Henschen And Assoc., Inc
List Price
$180,000
Sold Price
$229,000
Premium/Discount to List
$49,000
27.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.54%
Original Mortgage
$171,750
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2013
Sold by
Edgbert Paulette
Bought by
Tpi Az 4 Llc

Purchase Details

Listed on
May 29, 2012
Closed on
Mar 28, 2013
Sold by
Avalanche Investments Llc
Bought by
Edgbert Paulette C
Seller's Agent
Charles Duck
Blackwing Real Estate
Buyer's Agent
Landon Arciero
RE/MAX Fine Properties
List Price
$240,000
Sold Price
$150,000
Premium/Discount to List
-$90,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%
Original Mortgage
$112,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2011
Sold by
Sherrill Jake
Bought by
Avalanche Investments Llc

Purchase Details

Closed on
Nov 30, 2010
Sold by
Sherrill Camille
Bought by
Sherrill Jake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2004
Sold by
Suarez Ofelia
Bought by
Reyes Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
8.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2002
Sold by
Beyer Anthony H and Beyer Constance A
Bought by
Suarez Ofelia
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

Date Buyer Sale Price Title Company
Tim & Natalie Maloney Living Trust -- None Listed On Document
Glen V Freter Separate Property Trust $1,095,000 Thomas Title & Escrow Llc
Verma Avtar $575,000 Commonwealth Land Ttl Ins Co
Adair Darryl S $229,000 Magnus Title Agency
Tpi Az 4 Llc $150,000 Accommodation
Edgbert Paulette C $150,000 American Title Service Agenc
Avalanche Investments Llc -- Accommodation
Sherrill Jake -- Old Republic Title Agency
Sherrill Jake $70,000 Old Republic Title Agency
Reyes Ramon $203,000 Equity Title Agency Inc
Suarez Ofelia $120,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glen V Freter Separate Property Trust $670,000
Previous Owner Adair Darryl S $171,750
Previous Owner Edgbert Paulette C $112,500
Previous Owner Sherrill Jake $42,000
Previous Owner Reyes Ramon $162,400
Closed Reyes Ramon $40,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2022 02/10/22 Sold $1,080,000 -1.8% $2,250 / Sq Ft
10/11/2021 10/11/21 For Sale $1,100,000 +91.3% $2,292 / Sq Ft
04/30/2021 04/30/21 Sold $575,000 0.0% $1,198 / Sq Ft View Prior Sale
03/26/2021 03/26/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $575,000 +151.1% $1,198 / Sq Ft
08/11/2016 08/11/16 Sold $229,000 +27.2% $477 / Sq Ft View Prior Sale
06/16/2016 06/16/16 For Sale $180,000 +20.0% $375 / Sq Ft
03/08/2013 03/08/13 Sold $150,000 -37.5% $92 / Sq Ft View Prior Sale
02/03/2013 02/03/13 Pending -- -- --
05/29/2012 05/29/12 For Sale $240,000 -- $147 / 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 $1,258 $9,313 -- --
2024 $1,197 $8,870 -- --
2023 $1,197 $41,760 $8,350 $33,410
2022 $1,150 $34,410 $6,880 $27,530
2021 $1,178 $28,010 $5,600 $22,410
2020 $1,149 $25,700 $5,140 $20,560
2019 $1,141 $18,410 $3,680 $14,730
2018 $1,118 $14,010 $2,800 $11,210
2017 $1,074 $13,620 $2,720 $10,900
2016 $1,033 $9,910 $1,980 $7,930
2015 $961 $8,550 $1,710 $6,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6305740

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-110A