NOT LISTED FOR SALE

Estimated Value: $418,000 - $663,000

-- Bed
-- Bath
1,344 Sq Ft
$368/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $150,000 $112 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $2,832/month

48 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of September 2013

Great opportunity on this remodeled duplex in the heart of Tempe ** Each unit has its own yard, plus beautifully landscaped front yard area ** Appliances included in each unit with stove, refrigerator, built-in microwave, newer cabinets and eating area ** Laundry room in each unit with washer and dryer ** Light and bright ** These units are beautiful and a great buy

Last Listed By

Maggie Diamond

Penfield Properties License #BR106394000 Listed on: 06/30/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $944

Year Built

  • Built in 1962

Lot Details

  • 6,447

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 132-64-023-C

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6440
  • Malaran Park Subdivision

Building Details

  • Operating Expense $2,744
  • Gross Income $12,000
  • Net Operating Income $8,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$944

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: McCLINTOCK & UNIVERSITY
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2012
  • Directions: South McClintock ** E. Hayden Ln. ** Hayden Ln. turns into 10th St.
  • Road Surface Type: Asphalt
  • Subdivision Name: Malaran Park
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range, F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1050.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 6440
  • Additional Parcels: No
  • Parcel #: 132-64-023-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 12000.0
  • Insurance Expense: 750.0
  • Property Net Operating Income: 8956.0
  • Annual Operating Expense: 2743.58

Tax Info

  • Tax Annual Amount: 943.58
  • Tax Book Number: 132.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2013
Closed on
Sep 12, 2013
Sold by
Don Gregory and Don Gisele
Bought by
Wudka Don Gregory C and Wudka Don Gisele
Seller's Agent
Maggie Diamond
Penfield Properties
Buyer's Agent
Maggie Diamond
Penfield Properties
List Price
$200,000
Sold Price
$150,000
Premium/Discount to List
-$50,000
-25%
Total Days on Market
48
Current Estimated Value
$494,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,071
Avg. Annual Appreciation
12.09%

Purchase Details

Listed on
Jun 30, 2013
Closed on
Sep 6, 2013
Sold by
1954 10St Llc
Bought by
Don Gregory and Don Gisele
Seller's Agent
Maggie Diamond
Penfield Properties
Buyer's Agent
Maggie Diamond
Penfield Properties
List Price
$200,000
Sold Price
$150,000
Premium/Discount to List
-$50,000
-25%

Purchase Details

Closed on
Jul 14, 2010
Sold by
The Bank Of New York Mellon
Bought by
Gutman Sharon and Gutman Thomas C

Purchase Details

Closed on
Sep 19, 2008
Sold by
Deolais Rosa Alicia Garcia
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 6, 2006
Sold by
Olais Vasquez Jose Ramon
Bought by
Deolais Rosa Alicia Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.38%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 21, 2006
Sold by
Olais Vasquez Jose Ramon
Bought by
Olais Vasquez Jose Ramon and Olais Vasquez Rosa Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 12, 1997
Sold by
Simpson Tara Kay
Bought by
Olais Vazquez Jose Ramon

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
Wudka Don Gregory C -- Accommodation
Don Gregory $150,000 American Title Service Agenc
Gutman Sharon $57,750 Lsi Title Fnds Division
The Bank Of New York Mellon $165,000 Fidelity Natl Title Ins Co
Deolais Rosa Alicia Garcia -- Capital Title Agency Inc
Olais Vasquez Jose Ramon -- None Available
Olais Vazquez Jose Ramon $67,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deolais Rosa Alicia Garcia $201,600
Previous Owner Olais Vasquez Jose Ramon $150,000
Previous Owner Vazquez Jose Ramon Olais $112,000
Previous Owner Vazquez Jose Ramon Olais $93,583
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2013 09/13/13 Sold $150,000 -25.0% $112 / Sq Ft
08/17/2013 08/17/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $200,000 -- $149 / 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 $955 $8,523 -- --
2024 $943 $8,117 -- --
2023 $943 $36,410 $7,280 $29,130
2022 $905 $24,430 $4,880 $19,550
2021 $911 $20,710 $4,140 $16,570
2020 $883 $18,430 $3,680 $14,750
2019 $867 $15,900 $3,180 $12,720
2018 $845 $15,170 $3,030 $12,140
2017 $820 $12,270 $2,450 $9,820
2016 $814 $10,850 $2,170 $8,680
2015 $782 $9,220 $1,840 $7,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4961211

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-64-023C