NOT LISTED FOR SALE

Estimated Value: $407,000 - $547,000

4 Beds
-- Bath
1,344 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 30, 2013

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

Est. 216% increase in value since last sale

Current estimated payment $2,594/month

16 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 5-minute walk to Alegre Park
  • Thew Elementary School Rated 9+
  • Ceiling Fan

About This Home

As of May 2013

Great duplex in Tempe near ASU. Normal Sale. Two 2bed/ 1bath units. $695 and $650 rent. CASH FLOW! Tenants pay all utilites, including water. Landlord pays none. Newer IKEA kitchens, AC units and water heaters in 2008, tile and paint! All windows have been replaced with dual pane. Each unit has fridge, washer/dryer hookups, stove, and dishwasher. Outside storage closet in back and covered patio in fenced yard. Unit A has new paint, and Wood[look] tile in LR, kitchen and bath is tile, with carpet in the bedrooms. Unit B has all new paint, & new tile in bath, and a new toilet; it has pergo thru/out. Duplex has all new doors + security doors, and lighting. Big corner lot, with easy care landscaping. On free Orbit shuttle bus line, and lite rail. owner/agent DO NOT DISTURB TENANTS-

Last Agent to Sell the Property

Cathy Abramson

Visionary Properties License #SA520883000 Listed on: 04/10/2013

Last Buyer's Agent

M Evans

HomeSmart License #SA554692000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $952

Year Built

  • Built in 1962

Lot Details

  • 7,013

Home Design

  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • The Buckeye Academy Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 1
  • Assessor Parcel Number 132-64-020-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7013
  • Maralan Park Subdivision

Building Details

  • Operating Expense $952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$952

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: University & McClintock
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MF HD
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2012
  • Directions: East to Smith, south to property, on the right corner at 10th Street.
  • Road Surface Type: Asphalt
  • Subdivision Name: Maralan Park
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, >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
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: The Buckeye Academy
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 7013
  • Additional Parcels: No
  • Parcel #: 132-64-020-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 951.82

Tax Info

  • Tax Annual Amount: 951.82
  • Tax Book Number: 132.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2013
Sold by
Bishay Jason
Bought by
Magnum Imperium Southwest Llc
Current Estimated Value
$474,087

Purchase Details

Listed on
Apr 10, 2013
Closed on
May 29, 2013
Sold by
Abramson Jay Paul and Abramson Catherine Jane
Bought by
Bishay Jason
Seller's Agent
Cathy Abramson
Visionary Properties
Buyer's Agent
M Evans
HomeSmart
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$112,500
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2011
Sold by
Nickerson Robert M and Bannerman Chrsitna J
Bought by
Abramson Jay Paul and Abramson Catherine Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
4.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2010
Sold by
Nickerson Robert M and Bannerman Christina J
Bought by
Nickerson Robert M and Bannerman Christina J

Purchase Details

Closed on
Feb 24, 2010
Sold by
Nickerson Robert M and Bannerman Christina J
Bought by
Nickerson Robert M and Bannerman Christina J

Purchase Details

Closed on
Sep 30, 2009
Sold by
Nickerson Robert
Bought by
Nickerson Robert and Bannerman Christina

Purchase Details

Closed on
Oct 26, 2007
Sold by
Duffy Mary Jane
Bought by
Elevation Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Kell Marilyn Rae
Bought by
Duffy Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1999
Sold by
Kell Marilyn Rae
Bought by
Kell Marilyn Rae and Marilyn Rae Kell Trust
Source: Public Records

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
Magnum Imperium Southwest Llc -- None Available
Bishay Jason $150,000 Clear Title Agency Of Arizon
Abramson Jay Paul $94,000 Clear Title Agency Of Arizon
Nickerson Robert M -- None Available
Nickerson Robert M -- None Available
Nickerson Robert -- None Available
Nickerson Robert $170,000 Magnus Title Agency
Elevation Group Llc $200,000 Magnus Title Agency
Duffy Mary Jane $123,990 First American Title Ins Co
Kell Marilyn Rae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bishay Jason $112,500
Previous Owner Abramson Jay Paul $84,600
Previous Owner Elevation Group Llc $106,000
Previous Owner Duffy Mary Jane $117,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2013 05/30/13 Sold $150,000 -3.2% $112 / Sq Ft
04/26/2013 04/26/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $155,000 -- $115 / 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 $965 $8,617 -- --
2024 $954 $8,206 -- --
2023 $954 $36,750 $7,350 $29,400
2022 $915 $24,660 $4,930 $19,730
2021 $921 $20,950 $4,190 $16,760
2020 $893 $18,650 $3,730 $14,920
2019 $876 $16,020 $3,200 $12,820
2018 $854 $13,820 $2,760 $11,060
2017 $829 $12,360 $2,470 $9,890
2016 $823 $10,950 $2,190 $8,760
2015 $791 $9,280 $1,850 $7,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4918262

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-64-020A