$430,000
SOLD MAR 23, 2020

2008 S 12th Ave Safford, AZ 85546

-- Bed
-- Bath
3,200 Sq Ft
0.34 Acres

Recently Sold

$134 Per Sq Ft

4% Below List Price

28 Days on Market

About This Home

As of June 2022

FULLY REMODELED fourplex in the heart of Safford. Every unit has been remodeled over the last year and includes NEW cabinets, NEW granite countertops, NEW stainless steel appliances, NEW light and plumbing fixtures, doors, flooring, paint, hardware. ALL exterior doors and windows replaced and a remodeled laundry room with coined washers and dryers. Each unit comes with an exterior storage closet. Units are rented prior to existing leases expiring. Room to push rents.

Last Agent to Sell the Property

Dallon Schultz

H&M Arizona Real Estate Brokerage, LLC License #SA685410000 Listed on: 02/03/2020

Last Buyer's Agent

Keith Lytle

Mountain & Desert Properties, LLC License #BR640275000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,448

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

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

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 134
  • Assessor Parcel Number 103-06-008-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 14,810 sqft
  • Ramada Estates Subdivision

Building Details

  • Operating Expense $14,224
  • Gross Income $46,545
  • Net Operating Income $32,322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,448

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 12th Ave & 20th St
  • Legal Info Range: 26E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2019
  • Directions: South on 14th Ave, East onto 20th st, South on 12th Ave South on 8th Ave, West onto 20th st, South on 12th Ave
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Professional Management Expense: 3530.46
  • Subdivision Name: RAMADA ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Other
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1783.92

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: 14,810 sqft
  • Additional Parcels: No
  • Parcel #: 103-06-008-A

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 46545.25
  • Insurance Expense: 1189.0
  • Maintenance Expense: 3212.25
  • Property Net Operating Income: 32321.62
  • Annual Operating Expense: 14223.63
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1448.0
  • Tax Book Number: 103.00
  • Tax Lot: 134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 13, 2022
Sold by
Rudy Franco
Bought by
Windsor Lps Llc
Seller's Agent
Keith Lytle
Mountain & Desert Properties, LLC
Buyer's Agent
John Tracy
Carefree Real Estate
List Price
$694,000
Sold Price
$655,000
Premium/Discount to List
-$39,000
-5.62%
Current Estimated Value
$760,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,224
Avg. Annual Appreciation
2.62%
Original Mortgage
$458,500
Outstanding Balance
$439,332
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$273,852

Purchase Details

Listed on
Feb 3, 2020
Closed on
Mar 20, 2020
Sold by
Empire Assets Llc
Bought by
Franco Rudy O
Seller's Agent
Dallon Schultz
H&M Arizona Real Estate Brokerage, LLC
Buyer's Agent
Keith Lytle
Mountain & Desert Properties, LLC
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.77%

Purchase Details

Closed on
Jul 16, 2018
Sold by
Schultz Dallon and Schultz Shannon
Bought by
Empire Assets Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2018
Sold by
Daley Sam Steven
Bought by
Schultz Dallon and Schultz Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2012
Sold by
Allen Michael Joseph and Allen Tjen Mei
Bought by
Daley Sam Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2012
Sold by
Daley Amber
Bought by
Daley Sam Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2005
Sold by
S & R Rentals Llc
Bought by
Allen Michael Joseph and Allen Tjen Mei Phoeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.55%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $655,000 New Title Company Name
Warranty Deed $430,000 Equitable Title Agency Llc
Special Warranty Deed -- None Available
Warranty Deed $245,000 Stewart Title & Trust Of Pho
Warranty Deed $170,000 Safford Title Agency
Interfamily Deed Transfer -- None Available
Warranty Deed $340,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $458,500 New Conventional
Previous Owner $183,750 New Conventional
Previous Owner $127,500 New Conventional
Previous Owner $272,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $655,000 -5.6% $205 / Sq Ft
03/18/2022 03/18/22 For Sale $694,000 +61.4% $217 / Sq Ft
03/23/2020 03/23/20 Sold $430,000 -4.4% $134 / Sq Ft
02/03/2020 02/03/20 For Sale $450,000 -- $141 / 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
2026 $1,301 -- -- --
2025 $1,301 $24,380 $1,741 $22,639
2024 $1,365 $24,988 $1,741 $23,247
2023 $1,365 $20,868 $1,741 $19,127
2022 $1,341 $18,150 $1,741 $16,409
2021 $1,439 $0 $0 $0
2020 $1,390 $0 $0 $0
2019 $1,448 $0 $0 $0
2018 $1,385 $0 $0 $0
2017 $1,259 $0 $0 $0
2016 $1,248 $0 $0 $0
2015 $1,163 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6032168

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-06-008A