NOT LISTED FOR SALE

Estimated Value: $320,174 - $390,000

2 Beds
-- Bath
1,616 Sq Ft
$220/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $132,000 $82 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $1,926/month

1 Day on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of October 2017

Excellent Investment Opportunity or Starter Home with Live In tenants! Great location in Phoenix Historic District. Walking distance to restaurants and public transit.

Last Agent to Sell the Property

Antonio Guerrero

RE/MAX Fine Properties License #BR550560000 Listed on: 09/09/2017

RE/MAX Fine Properties

Last Buyer's Agent

Joann Palileo

Realty ONE Group License #SA560233000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $607

Year Built

  • Built in 1971

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Phoenix Prep Academy Elementary School
  • Central High Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 9 / 51
  • Assessor Parcel Number 109-31-059

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50x140
  • Capitol Blk 43, 44, 35 38, 29, 30 Subdivision

Building Details

  • Operating Expense $4,399
  • Gross Income $13,386
  • Net Operating Income $7,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$607

Year Built

Built in 1971

Lot Details

7,013 Sq Ft Lot

Listing Details

  • Cross Street: 19th Avenue & McDowell
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1152.0
  • Subdivision Name: CAPITOL BLK 43, 44, 35-38, 29, 30
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 1740.0

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: Central High School
  • Middle Or Junior School: Central High School

Lot Info

  • Lot Size: 50x140
  • Additional Parcels: No
  • Parcel #: 109-31-059

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 13386.0
  • Insurance Expense: 900.0
  • Property Net Operating Income: 7646.0
  • Annual Operating Expense: 4399.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 607.0
  • Tax Block: 51
  • Tax Book Number: 109.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2017
Closed on
Sep 11, 2017
Sold by
Soe Alan Z
Bought by
Scofield Francis C
Seller's Agent
Antonio Guerrero
RE/MAX Fine Properties
Buyer's Agent
Joann Palileo
Realty ONE Group
List Price
$134,000
Sold Price
$132,000
Premium/Discount to List
-$2,000
-1.49%
Current Estimated Value
$354,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,794
Avg. Annual Appreciation
12.43%
Original Mortgage
$99,000
Outstanding Balance
$82,494
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$272,300

Purchase Details

Listed on
Jul 9, 2016
Closed on
Nov 9, 2016
Sold by
Soe Claire M
Bought by
Soe Alan Z
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Jenna Alvarez
Found Realty
List Price
$129,900
Sold Price
$119,000
Premium/Discount to List
-$10,900
-8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.07%

Purchase Details

Closed on
May 27, 2005
Sold by
Regan Mary A
Bought by
Tapia Eustacio A and Tapia Val M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2003
Sold by
Contorno Vincent P
Bought by
Regan Mary A

Purchase Details

Closed on
Mar 27, 2003
Sold by
Hamby Paul
Bought by
Contorno Vincent P
Source: Public Records
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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
Scofield Francis C $134,000 First American Title Insuran
Soe Alan Z -- Empire West Title Agency
Soe Alan $119,000 Empire West Title Agency
Tapia Eustacio A $106,000 First American Title Ins Co
Regan Mary A -- --
Contorno Vincent P -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scofield Francis C $99,000
Previous Owner Tapia Eustacio A $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2017 10/13/17 Sold $132,000 -1.5% $82 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $134,000 +12.6% $83 / Sq Ft
11/14/2016 11/14/16 Sold $119,000 -4.8% $74 / Sq Ft View Prior Sale
10/11/2016 10/11/16 Pending -- -- --
07/22/2016 07/22/16 Price Changed $125,000 -3.8% $77 / Sq Ft
07/09/2016 07/09/16 For Sale $129,900 -- $80 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $722 $5,084 -- --
2024 $673 $4,842 -- --
2023 $673 $22,420 $4,480 $17,940
2022 $649 $15,150 $3,030 $12,120
2021 $645 $13,610 $2,720 $10,890
2020 $652 $11,570 $2,310 $9,260
2019 $651 $9,880 $1,970 $7,910
2018 $640 $8,020 $1,600 $6,420
2017 $625 $7,380 $1,470 $5,910
2016 $607 $5,530 $1,100 $4,430
2015 $562 $4,770 $950 $3,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5658052

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-31-059

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