NOT LISTED FOR SALE

Estimated Value: $463,830 - $608,000

1 Bed
-- Bath
3,600 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 18, 2017

Last sale price $235,000 $65 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $3,161/month

152 Days on Market

Highlights

  • Resident Manager or Management On Site
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Thunderbird High School Rated A-
  • Central Air
  • Heating Available

About This Home

As of December 2017

Investment dream. Low maintenance 4-plex easily rented near employment centers! Easy to keep rented - great income property! Rare opportunity to own a 3600sf 4-plex with the community Laundromat INCLUDED! Four large two bedroom and one bath units. This central location makes it easy to get around town. DO NOT WALK property. Tenants have rights. This is the end unit next to the Laundromat (Northwest corner of community). No sign on property. No HOA. No tour of occupied units without accepted offer, contingent upon inspection. Price reduced for AS-IS sale. Electric and gas expense offset by Laundry income. Currently two units vacant and one in need of repair completion.

Last Agent to Sell the Property

Timothy Theiss

eXp Realty License #BR541858000 Listed on: 05/04/2017

eXp Realty

Last Buyer's Agent

Patrick Halpine

My Home Group Real Estate License #SA630078000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,807

Year Built

  • Built in 1963

Lot Details

  • 9,583

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Washington Elementary School
  • Glendale High Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 020
  • Assessor Parcel Number 149-04-020

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9563
  • Garden Villas Subdivision

Building Details

  • Operating Expense $9,635
  • Gross Income $26,280
  • Net Operating Income $11,450

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,807

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 19TH AVE & CACTUS
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2016
  • Directions: From 19th Ave & Cactus Rd, go West on Cactus to Garden Villas on North (Right Hand Side)
  • Road Surface Type: Asphalt
  • Subdivision Name: Garden Villas
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible
  • Construction Type: Painted, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 751.0
  • Trash Expense: 235.0
  • Annual Water Sewer Expense: 1808.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Glendale High School

Lot Info

  • Lot Size: 9563
  • Additional Parcels: No
  • Parcel #: 149-04-020

Multi Family

  • Owner Pays: Other, See Remarks, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1808.0
  • Annual Gross Income: 26280.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 2326.0
  • Property Net Operating Income: 11450.0
  • Annual Operating Expense: 9635.0
  • Vacancy Allowance Rate: 0.2

Tax Info

  • Tax Annual Amount: 1807.0
  • Tax Book Number: 149.00
  • Tax Lot: 020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2019
Sold by
Stonehouse Trevor R
Bought by
Ferzoco Alec C
Current Estimated Value
$549,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2017
Closed on
Dec 12, 2017
Sold by
Tolbert Regina M
Bought by
Stonehouse Trevor R
Seller's Agent
Timothy Theiss
eXp Realty
Buyer's Agent
Patrick Halpine
My Home Group Real Estate
List Price
$235,000
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$176,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2006
Sold by
Elkhorn Properties Llc
Bought by
Tolbert Louis M and Tolbert Regina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,950
Interest Rate
6.57%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 13, 2005
Sold by
Gonzalez Marco Anthony and Jonas John J
Bought by
Elkhorn Properties Llc

Purchase Details

Closed on
Feb 21, 2005
Sold by
Jonas Elizabeth Duarte
Bought by
Jonas John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2004
Sold by
Kliegl Jerald J and Kliegl Yachodara
Bought by
Davi Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2004
Sold by
Ameetec System Llc
Bought by
Kliegel Jerald J and Kliegl Yachodara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,800
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2003
Sold by
Mee Warren H
Bought by
Ameetec Systems Llc

Purchase Details

Closed on
Oct 19, 2001
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Mee Warren H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.87%

Purchase Details

Closed on
Jul 25, 1996
Sold by
Mitchell Paul A and Mitchell Ingrid V
Bought by
Bray George C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,051,736
Interest Rate
8.39%
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 Buyer Sale Price Title Company
Ferzoco Alec C $280,000 American Title Service Agenc
Stonehouse Trevor R $235,000 Chicago Title Agency Inc
Tolbert Louis M $379,900 Capital Title Agency Inc
Elkhorn Properties Llc -- --
Jonas John J -- Capital Title Agency Inc
Gonzalez Marco Anthony -- Capital Title Agency Inc
Gonzalez Marco Anthony $320,000 Capital Title Agency Inc
Davi Gary $265,000 Capital Title Agency Inc
Kliegel Jerald J $212,250 Capital Title Agency Inc
Ameetec Systems Llc -- Capital Title Agency Inc
Mee Warren H $186,000 Stewart Title & Trust Phoeni
Bray George C $1,225,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferzoco Alec C $264,200
Closed Ferzoco Alec C $266,000
Previous Owner Stonehouse Trevor R $176,250
Previous Owner Tolbert Louis M $37,950
Previous Owner Tolbert Louis M $303,900
Previous Owner Gonzalez Marco Anthony $256,000
Previous Owner Davi Gary $212,000
Previous Owner Kliegel Jerald J $169,800
Previous Owner Mee Warren H $148,800
Previous Owner Bray George C $1,051,736
Closed Bray George C $13,263
Closed Kliegel Jerald J $31,838
Closed Davi Gary $26,500
Closed Gonzalez Marco Anthony $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2017 12/18/17 Sold $235,000 0.0% $65 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $235,000 0.0% $65 / Sq Ft
09/22/2017 09/22/17 Price Changed $235,000 +4.4% $65 / Sq Ft
09/20/2017 09/20/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $225,000 0.0% $63 / Sq Ft
09/18/2017 09/18/17 Price Changed $225,000 -15.1% $63 / Sq Ft
07/15/2017 07/15/17 Pending -- -- --
06/26/2017 06/26/17 Price Changed $264,888 -1.5% $74 / Sq Ft
05/26/2017 05/26/17 Price Changed $268,888 -0.4% $75 / Sq Ft
05/04/2017 05/04/17 For Sale $269,888 -- $75 / 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 $2,063 $16,868 -- --
2024 $2,026 $16,065 -- --
2023 $2,026 $44,280 $8,850 $35,430
2022 $1,960 $30,660 $6,130 $24,530
2021 $1,985 $28,580 $5,710 $22,870
2020 $1,935 $26,350 $5,270 $21,080
2019 $1,900 $23,280 $4,650 $18,630
2018 $1,850 $19,150 $3,830 $15,320
2017 $1,841 $17,920 $3,580 $14,340
2016 $1,807 $17,360 $3,470 $13,890
2015 $1,674 $17,110 $3,420 $13,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5601943

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-04-020