NOT LISTED FOR SALE

203 E Lawrence Blvd Unit A-D Avondale, AZ 85323

Old Town Neighborhood

Estimated Value: $214,000 - $236,000

-- Bed
4 Baths
3,016 Sq Ft
$76/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $360,000 $119 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $1,287/month

13 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • 2-minute walk to Fred Campbell Park
  • Agua Fria High School Rated A-
  • Vinyl Flooring

About This Home

As of January 2021

Multi-family 4-plex w/4 covered parking spaces. Each unit is 2 bed, 1 bath, 792 sq/ ft. with private, fenced patio and washer-dryer hook-up in secured storage area. Fridge, electric range, dishwasher in each unit. ALL FOUR UNITS LEASED; current monthly rent income: $3,100+. Lease dates are provided.
New roof 2016. New patio fences 2019.
Based on list price and expenses - Cap Rate runs around 8.1. One covered parking space per apartment is provided. Each unit is separately parceled to allow for future potential condos for sale vs apartments. Location is great for the rentals being near downtown Avondale, and near public transportation.

Last Agent to Sell the Property

Deann Fry

West USA Realty License #SA586430000 Listed on: 12/11/2020

West USA Realty

Co-Listed By

Scott Ehret

West USA Realty License #SA645536000

Last Buyer's Agent

Ruben Luna

eXp Realty License #SA558959000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $259

Year Built

  • Built in 1982

Lot Details

  • 784

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 4 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • Avondale Middle School
  • Agua Fria High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 61-64 / 200
  • Assessor Parcel Number 500-18-441

Community Details

Overview

  • 4 Units
  • Building Dimensions are ..
  • Casa Lomas Condominiums Subdivision

Building Details

  • Operating Expense $3,979
  • Net Operating Income $27,411

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$259

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: N. Dysart Road & E. Van Buren Street
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2020
  • Directions: West on Van Buren; south on N. 4th Street; west on E. Lawrence Blvd.; property on south side of Lawrence.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: wusa90
  • Co List Office Phone: 602-942-4200
  • Subdivision Name: CASA LOMAS CONDOMINIUMS
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 720.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • High School: Agua Fria High School
  • Junior High Dist: Agua Fria Union High School District
  • Middle Or Junior School: Avondale Middle School

Lot Info

  • Lot Size: ..
  • Additional Parcels: No
  • Parcel #: 500-18-441

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Property Net Operating Income: 27411.09
  • Annual Operating Expense: 3979.0

Tax Info

  • Tax Annual Amount: 259.0
  • Tax Block: 200
  • Tax Book Number: 500.00
  • Tax Lot: 61-64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 22, 2021
Sold by
Nakashima Eric Akira and The Eric Akh A Nakashima Livin
Bought by
Luengas Holdings 3 Llc
Seller's Agent
Deann Fry
West USA Realty
Buyer's Agent
Ruben Luna
eXp Realty
List Price
$340,000
Sold Price
$360,000
Premium/Discount to List
$20,000
5.88%
Current Estimated Value
$228,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,667
Avg. Annual Appreciation
-9.70%
Original Mortgage
$240,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2016
Sold by
203 E Lawrence Blvd Avondale Llc
Bought by
Nakashima Eric and Cho Miok

Purchase Details

Closed on
Mar 12, 2015
Sold by
L & N Property Management Group Llc
Bought by
Maschmeier Fuels Llc
Source: Public Records

Range of Values:

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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
Luengas Holdings 3 Llc $360,000 Great American Ttl Agcy Inc
Nakashima Eric $206,000 Fidelity Natl Title Agency I
Maschmeier Fuels Llc $149,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luengas Holdings 3 Llc $525,000
Closed Luengas Holdings 3 Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $360,000 -4.0% $119 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/16/2020 12/16/20 Price Changed $375,000 +10.3% $124 / Sq Ft
12/03/2020 12/03/20 For Sale $340,000 -- $113 / 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 $266 $2,540 -- --
2024 $263 $2,419 -- --
2023 $263 $9,300 $1,860 $7,440
2022 $254 $7,950 $1,590 $6,360
2021 $268 $6,110 $1,220 $4,890
2020 $259 $5,780 $1,150 $4,630
2019 $258 $5,120 $1,020 $4,100
2018 $259 $4,370 $870 $3,500
2017 $252 $4,350 $870 $3,480
2016 $257 $3,360 $670 $2,690
2015 $239 $2,200 $440 $1,760
Source: Public Records

Agents Affiliated with this Home

  • Deann Fry

    Seller's Agent in 2021

    Deann Fry

    West USA Realty

    (480) 282-1010

    2 in this area

    128 Total Sales

    Deann Fry
    Section Image
  • Scott Ehret

    Seller Co-Listing Agent in 2021

    Scott Ehret

    West USA Realty

    (623) 374-3785

    1 in this area

    13 Total Sales

    Scott Ehret
    Section Image
  • Ruben Luna

    Buyer's Agent in 2021

    Ruben Luna

    eXp Realty

    (602) 475-9545

    7 in this area

    1,731 Total Sales

    Ruben Luna
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6167540

Arizona Regional Multiple Listing Service (ARMLS)

APN: 500-18-441

Arizona Maricopa County Avondale 85323 Old Town

203 E Lawrence Blvd Unit A-D, Avondale, AZ

This home is located at 203 E Lawrence Blvd Unit A-D, Avondale, AZ 85323 since 11 December 2020 and is currently estimated at $228,333, approximately $75 per square foot. This property was built in 1982. 203 E Lawrence Blvd Unit A-D is a home located in Maricopa County with nearby schools including Lattie Coor, Eliseo C. Felix School, and Avondale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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