NOT LISTED FOR SALE

Estimated Value: $443,351 - $535,000

-- Bed
2 Baths
1,750 Sq Ft
$276/Sq Ft Est. Value

Last Sold March 08, 2017

Last sale price $200,000 $114 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $2,746/month

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • The Creighton Academy Rated 10
  • Concrete Flooring

About This Home

As of March 2017

GREAT LOCATION!! EXCELLENT INVESTMENT OPPORTUNITY!
Paved parking in front.
Property includes 6 unfinished units in back.

BUYER TO VERIFY ALL INFORMATION!

Last Agent to Sell the Property

Dana Bentley Black

Realty ONE Group License #SA653372000 Listed on: 02/08/2017

Last Buyer's Agent

Cedrick Bell

Realty ONE Group License #SA652716000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,539

Year Built

  • Built in 1971

Lot Details

  • 0.42

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Assessor Parcel Number 120-21-105-D

Community Details

Overview

  • 6 Units
  • Building Dimensions are 90x76
  • Rhoades Park Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,360
  • Gross Income $75,800
  • Net Operating Income $36,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,539

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: McDowell & 32nd Street*North just past
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2016
  • Directions: NORTH ON 32ND ST, JUST PASS PALM LN TO PROPERTY.
  • Road Surface Type: Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 670.0
  • Subdivision Name: RHOADES PARK
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks, Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Fee Information

  • Annual Water Sewer Expense: 1450.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 90x76
  • Additional Parcels: No
  • Parcel #: 120-21-105-D

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 5580.0
  • Annual Gross Income: 75800.0
  • Insurance Expense: 660.0
  • Maintenance Expense: 700.0
  • Property Net Operating Income: 36880.0
  • Annual Operating Expense: 10360.0
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 2539.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2017
Sold by
Roppel David
Bought by
Roppel Roger
Current Estimated Value
$482,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$132,034
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$338,381

Purchase Details

Listed on
Feb 8, 2017
Closed on
Mar 2, 2017
Sold by
Grobmeier Heidi and Grobmeier Alan
Bought by
Grobmeier Alan
Seller's Agent
Dana Bentley Black
Realty ONE Group
Buyer's Agent
Cedrick Bell
Realty ONE Group
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.51%
Original Mortgage
$150,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 8, 2017
Closed on
Feb 23, 2017
Sold by
Alvarez Luis F and Alvarez Luis A
Bought by
Roppel David and Roppel Roger
Seller's Agent
Dana Bentley Black
Realty ONE Group
Buyer's Agent
Cedrick Bell
Realty ONE Group
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

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
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2012
Sold by
Powers Towers Llc
Bought by
Alvarez Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 16, 2011
Sold by
Secretary Of Veterans Affairs
Bought by
Powers Towers Llc

Purchase Details

Closed on
Sep 22, 2010
Sold by
Nicholson Clifford L
Bought by
Nicholson Clifford L

Purchase Details

Closed on
Oct 1, 2007
Sold by
Scott Charles R and Scott Bill
Bought by
Nicholson Clifford L

Purchase Details

Closed on
Jun 20, 2005
Sold by
Scott Charles R
Bought by
Nicholson Clifford A

Purchase Details

Closed on
Jan 22, 1997
Sold by
Nutting F D and Nutting Cletis E
Bought by
Scott William M and Scott Estelle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,990
Interest Rate
7.57%
Mortgage Type
Commercial
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
Roppel Roger -- Wfg National Title Insurance
Grobmeier Alan -- Pioneer Title Agency Inc
Alvarez Luis F -- Pioneer Title Agency Inc
Roppel David $200,000 Pioneer Title Agency Inc
Alvarez Arturo -- Pioneer Title Agency Inc
Alvarez Luis A $75,000 Chicago Title Agency Inc
Powers Towers Llc -- Great American Title Agency
Nicholson Clifford L -- None Available
Nicholson Clifford L -- None Available
Nicholson Clifford A -- --
Scott William M $191,800 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roppel Roger $156,000
Closed Roppel David $150,000
Previous Owner Alvarez Luis A $60,000
Previous Owner Scott William M $136,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2017 03/08/17 Sold $200,000 -11.1% $114 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $225,000 -- $129 / 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 $2,273 $17,484 -- --
2024 $2,247 $16,651 -- --
2023 $2,247 $31,200 $6,240 $24,960
2022 $2,159 $23,280 $4,650 $18,630
2021 $2,211 $22,930 $4,580 $18,350
2020 $2,157 $19,570 $3,910 $15,660
2019 $2,805 $34,800 $6,960 $27,840
2018 $2,747 $34,530 $6,900 $27,630
2017 $2,641 $29,730 $5,940 $23,790
2016 $2,539 $26,200 $5,240 $20,960
2015 $2,362 $18,020 $3,600 $14,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5558539

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-21-105D