NOT LISTED FOR SALE

Estimated Value: $707,008 - $915,000

1 Bed
-- Bath
2,346 Sq Ft
$347/Sq Ft Est. Value

About This Home

Must see Property! Centrally located in Tempe just south of Broadway and east of Rural in a quiet residential setting! Quality Granite Counter-tops** Tenants pay ALL utilities including W/S/T** Features extra covered parking, low maintenance landscaping!! Washer/Dryer hookups in each unit. Easily accessible in a quaint/quiet attractive neighborhood. Far enough away but yet close enough to ASU & the Light-Rail! Always 100% occupied!

**Buyer to verify all facts and figures and any items of concern during Due Diligence Period**

Last Listed By

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,705

Year Built

  • Built in 1960

Lot Details

  • 7,275

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • The owner pays for landscaping
  • Tax Lot 4
  • Assessor Parcel Number 133-25-016

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9424 Sq Ft
  • Sunset Vista Subdivision

Building Details

  • Operating Expense $6,585
  • Gross Income $27,296
  • Net Operating Income $18,741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,705

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Broadway and Rural
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2016
  • Directions: From Rural and Broadway head west on Broadway, south on Granada to property.
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: SUNSET VISTA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 9424 Sq Ft
  • Additional Parcels: No
  • Parcel #: 133-25-016

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 27295.8
  • Insurance Expense: 1080.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 18741.0
  • Annual Operating Expense: 6585.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1705.0
  • Tax Book Number: 133.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2021
Sold by
Frerichs Scott Frazier
Bought by
Legends Granada I Llc
Total Days on Market
16
Current Estimated Value
$814,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,200
Outstanding Balance
$317,476
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$497,026

Purchase Details

Closed on
Oct 2, 2017
Sold by
Frerichs Scott F
Bought by
Legends Granada I Llc

Purchase Details

Listed on
May 27, 2017
Closed on
Jul 24, 2017
Sold by
Whyte Scott A and Whyte Elise D
Bought by
Frerichs Scott
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nicole Stevens
SERHANT.
List Price
$424,000
Sold Price
$410,000
Premium/Discount to List
-$14,000
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$306,300
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2007
Sold by
Auerbach Jami and Landeen Jason
Bought by
Whyte Scott A and Whyte Elise D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,500
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2005
Sold by
Frausto Hector and Frausto Luis
Bought by
Auerbach Jami and Landeen Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2004
Sold by
Rms Holdings Llc
Bought by
Frausto Hector and Frausto Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,300
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 2004
Sold by
Skupin R Michael
Bought by
Rms Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Klein Paul E and Klein Marchelle
Bought by
Skupin R Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2002
Sold by
Matley Dan and Matley Cheryl
Bought by
Klein Paul E and Klein Marchelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2002
Sold by
Dong Walter and Dong Mary A
Bought by
Matley Dan and Matley Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 1995
Sold by
Martin Darrel E
Bought by
Dong Walter and Dong Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
8.46%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Legends Granada I Llc -- Premier Title Agency
Frerichs Scott Frazier -- Premier Title Agency
Legends Granada I Llc -- None Available
Frerichs Scott $408,500 Chicago Title Agency Inc
Whyte Scott A $409,500 Stewart Title & Trust Of Pho
Auerbach Jami $350,000 Chicago Title Insurance Co
Frausto Hector $227,000 --
Rms Holdings Llc -- --
Skupin R Michael $211,000 First American Title Agency
Klein Paul E $197,000 Security Title Agency
Matley Dan $191,800 Chicago Title Insurance Co
Dong Walter $115,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frerichs Scott Frazier $350,200
Previous Owner Frerichs Scott $306,300
Previous Owner Whyte Scott A $181,350
Previous Owner Whyte Scott A $209,500
Previous Owner Auerbach Jami $262,500
Previous Owner Frausto Hector $179,300
Previous Owner Skupin R Michael $168,800
Previous Owner Klein Paul E $157,600
Previous Owner Matley Dan $144,000
Previous Owner Dong Walter $103,500
Closed Matley Dan $18,000
Closed Klein Paul E $29,550
Closed Skupin R Michael $42,200
Closed Auerbach Jami $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2017 06/11/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $424,000 -- $181 / 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 $1,999 $17,847 -- --
2024 $1,975 $16,998 -- --
2023 $1,975 $65,580 $13,110 $52,470
2022 $1,895 $51,320 $10,260 $41,060
2021 $1,908 $43,270 $8,650 $34,620
2020 $1,850 $36,160 $7,230 $28,930
2019 $1,815 $30,870 $6,170 $24,700
2018 $1,770 $25,420 $5,080 $20,340
2017 $1,717 $22,310 $4,460 $17,850
2016 $1,705 $20,800 $4,160 $16,640
2015 $1,638 $20,780 $4,150 $16,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5611908

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-25-016