NOT LISTED FOR SALE

1938 W Berridge Ln Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $568,805 - $907,000

-- Bed
-- Bath
1,530 Sq Ft
$438/Sq Ft Est. Value

Last Sold December 23, 2014

Last sale price $127,000 $83 Per Sq Ft

Est. 428% increase in value since last sale

Current estimated payment $3,862/month

8 Days on Market

Highlights

  • Community Playground
  • Central Air
  • Heating System Uses Natural Gas
  • Washington High School Rated A-
  • Vinyl Flooring

About This Home

As of December 2014

Small Four plex, very close to light rail, Costco, and freeways and parks. Always rented. Needs work on roof, and interior of units. Looking for a cash buyer.
Priced as-is . Great cash flow in neighborhood with bigger and newer apartment buildings. May be able to be rezoned for 8 units! Owner Can NOT close escrow until Jan. 1st 2015.

Last Listed By

Tad Lindstrom

HomeSmart License #SA063443000 Listed on: 10/21/2014

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,314

Year Built

  • Built in 1959

Lot Details

  • 9,191

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Washington Elementary School - Phoenix
  • Washington High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 7
  • Assessor Parcel Number 156-13-082

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR

Recreation

  • Community Playground

Building Details

  • Operating Expense $7,014
  • Gross Income $22,800
  • Net Operating Income $16,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,314

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Bethany Home Road & 19th Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2014
  • Directions: North on 19th to Berridge, west to address. Please drive by only, do not disturb tenants. No sign on propertyl
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Fuel Expense: 250.0
  • Annual Water Sewer Expense: 2600.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Washington High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 156-13-082

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1250.0
  • Annual Gross Income: 22800.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 200.0
  • Property Net Operating Income: 16400.0
  • Annual Operating Expense: 7014.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1314.0
  • Tax Book Number: 156.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2017
Sold by
Scooter Investments Llc
Bought by
Deeb Fadi and Altuemi Manal
Total Days on Market
8
Current Estimated Value
$670,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,400
Outstanding Balance
$1,551,694
Interest Rate
4.15%
Mortgage Type
Commercial
Estimated Equity
-$931,178

Purchase Details

Closed on
Dec 19, 2015
Sold by
Deeb F
Bought by
Berridge Lane Trust #1938 and Deeb F

Purchase Details

Listed on
Oct 21, 2014
Closed on
Feb 6, 2015
Sold by
Scooter Inestments Llc
Bought by
Berrdige Lane Trust #1938 and Deeb F
Seller's Agent
Tad Lindstrom
HomeSmart
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$155,500
Sold Price
$127,000
Premium/Discount to List
-$28,500
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.46%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 18, 2014
Sold by
Marsh James Monroe
Bought by
Scooter Investments Llc
Seller's Agent
Tad Lindstrom
HomeSmart
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$155,500
Sold Price
$127,000
Premium/Discount to List
-$28,500
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.89%
Mortgage Type
New Conventional

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 Buyer Sale Price Title Company
Deeb Fadi -- Stewart Title & Trust Of Tuc
Berrdige Lane Trust #1938 -- None Available
Scooter Investments Llc $127,000 Great Amer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deeb Fadi $1,837,400
Previous Owner Scooter Investments Llc $117,000
Previous Owner Marsh James M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2014 12/23/14 Sold $127,000 -18.3% $83 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $155,500 -- $102 / 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 $1,498 $12,246 -- --
2024 $1,471 $11,663 -- --
2023 $1,471 $45,130 $9,020 $36,110
2022 $1,423 $29,720 $5,940 $23,780
2021 $1,441 $26,110 $5,220 $20,890
2020 $1,405 $22,560 $4,510 $18,050
2019 $1,379 $19,100 $3,820 $15,280
2018 $1,343 $17,550 $3,510 $14,040
2017 $1,336 $16,710 $3,340 $13,370
2016 $1,312 $13,010 $2,600 $10,410
2015 $1,215 $10,600 $2,120 $8,480
Source: Public Records

Agents Affiliated with this Home

  • Tad Lindstrom

    Seller's Agent in 2014

    Tad Lindstrom

    HomeSmart

    (602) 218-0153

    2 in this area

    25 Total Sales

    Tad Lindstrom
    Section Image

  • J

    Buyer's Agent in 2014

    Jared Piper

    My Home Group

    (602) 618-0103

    21 Total Sales

    Jared Piper
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5188828

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-13-082

Arizona Maricopa County Phoenix 85015 Alhambra

1938 W Berridge Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1938 W Berridge Ln, Phoenix, AZ 85015 since 21 October 2014 and is currently estimated at $670,701, approximately $438 per square foot. This property was built in 1959. 1938 W Berridge Ln is a home located in Maricopa County with nearby schools including Maryland Elementary School, Washington High School, and Pensar Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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