NOT LISTED FOR SALE

Estimated Value: $546,703 - $757,000

Studio
-- Bath
2,640 Sq Ft
$233/Sq Ft Est. Value

Last Sold June 07, 2016

Last sale price $213,000 $81 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $3,324/month

36 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of June 2016

Here's a well performing fourplex in a very convenient location.

Last Agent to Sell the Property

Nick Bastian

Realty Executives Arizona Territory License #SA045994000 Listed on: 03/22/2016

Realty Executives Arizona Territory

Last Buyer's Agent

Cristina Hidalgo

West USA Realty License #BR044211000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,041

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • William T Machan Elementary School
  • North High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 25
  • Assessor Parcel Number 117-06-025

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7,724
  • Gibbons Place Subdivision

Building Details

  • Operating Expense $4,620
  • Net Operating Income $17,644

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,041

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Thomas & 16th St
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: Gibbons Place
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2269.0

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: 7,724
  • Additional Parcels: No
  • Parcel #: 117-06-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Insurance Expense: 721.0
  • Maintenance Expense: 589.0
  • Property Net Operating Income: 17644.0
  • Annual Operating Expense: 4620.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1041.0
  • Tax Book Number: 117.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2016
Closed on
Jun 2, 2016
Sold by
Phx Investments Llc
Bought by
Carcia Miguel A Garruna
Seller's Agent
Nick Bastian
Realty Executives Arizona Territory
Buyer's Agent
Cristina Hidalgo
West USA Realty
List Price
$215,000
Sold Price
$213,000
Premium/Discount to List
-$2,000
-0.93%
Current Estimated Value
$613,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,926
Avg. Annual Appreciation
11.65%
Original Mortgage
$209,142
Outstanding Balance
$168,695
Interest Rate
3.99%
Mortgage Type
FHA
Estimated Equity
$445,231

Purchase Details

Closed on
Oct 4, 2012
Sold by
Gasner Kelly Beachell and Gasner Scott A
Bought by
Phx Investments Llc

Purchase Details

Listed on
Mar 15, 2012
Closed on
Jun 20, 2012
Sold by
Wasta Llc
Bought by
Gasner Kelly Beachell and Gasner Scott A
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$139,000
Sold Price
$128,000
Premium/Discount to List
-$11,000
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Original Mortgage
$92,250
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2011
Sold by
Citibank Na
Bought by
Wasta Llc

Purchase Details

Closed on
Sep 14, 2011
Sold by
Meridith Denise
Bought by
Citibank Na

Purchase Details

Closed on
Jan 21, 2003
Sold by
Graf Stewart
Bought by
Meridith Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,600
Interest Rate
5.97%
Mortgage Type
New Conventional
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
Carcia Miguel A Garruna $213,000 Empire West Title Agency
Phx Investments Llc -- None Available
Gasner Kelly Beachell $128,000 Lawyers Title Of Arizona Inc
Wasta Llc $45,500 Lawyers Title Of Arizona Inc
Citibank Na $228,939 Accommodation
Meridith Denise $177,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carcia Miguel A Garruna $209,142
Previous Owner Gasner Kelly Beachell $92,250
Previous Owner Meridith Denise $168,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2016 06/07/16 Sold $213,000 -0.9% $81 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $215,000 +68.0% $81 / Sq Ft
07/18/2012 07/18/12 Sold $128,000 -7.9% $82 / Sq Ft View Prior Sale
06/09/2012 06/09/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $139,000 -- $89 / 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 $1,362 $10,087 -- --
2024 $1,296 $9,606 -- --
2023 $1,296 $44,200 $8,840 $35,360
2022 $1,245 $33,230 $6,640 $26,590
2021 $1,276 $25,150 $5,030 $20,120
2020 $1,245 $21,420 $4,280 $17,140
2019 $1,236 $18,660 $3,730 $14,930
2018 $1,211 $16,280 $3,250 $13,030
2017 $1,164 $14,760 $2,950 $11,810
2016 $1,119 $12,270 $2,450 $9,820
2015 $1,041 $10,600 $2,120 $8,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5416791

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-025