NOT LISTED FOR SALE

Estimated Value: $583,913 - $1,030,000

-- Bed
-- Bath
3,544 Sq Ft
$228/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $350,000 $99 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $4,695/month

23 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2018

Attention all Investors!!!
This four-plex is the ideal property for any serious investor. Look at what it has to offer; large units 1,100 plus square feet, newer AC systems, 3 units with 2 bedrooms 1.5 baths, 1 unit with 2 bedrooms 2 baths, large lot with covered parking, and NO HOA! Centrally located, close to the 1-17, down town phoenix, Grand Canyon University and a ton of trendy restaurants and shops. This one will not last!

Last Listed By

Crystal Medina

AZ Flat Fee License #SA662447000 Listed on: 08/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,225

Year Built

  • Built in 1984

Lot Details

  • 10,498

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • West Wing Elementary School
  • Central High Middle School
  • Central High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 153-25-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10500
  • Camelback Gardens Subdivision

Building Details

  • Operating Expense $9,221
  • Gross Income $36,000
  • Net Operating Income $2,417

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,225

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 23rd Ave & W Camelback Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI-FAMILY
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: N of Camelback Rd., E of 23rd ave., to property
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: CAMELBACK GARDENS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 3360.0

Schools

  • Elementary School: West Wing Elementary
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Central High School

Lot Info

  • Lot Size: 10500
  • Additional Parcels: No
  • Parcel #: 153-25-002

Multi Family

  • Owner Pays: Other, See Remarks, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 756.0
  • Annual Gross Income: 36000.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 2417.0
  • Annual Operating Expense: 9221.0

Tax Info

  • Tax Annual Amount: 2225.0
  • Tax Block: 1
  • Tax Book Number: 153.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Rodrriguez Joshua R
Bought by
2109 W Colter St Llc
Total Days on Market
23
Current Estimated Value
$807,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Outstanding Balance
$330,544
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$445,208

Purchase Details

Listed on
Aug 5, 2018
Closed on
Oct 10, 2018
Sold by
Rodriguez Joshua
Bought by
2109 W Colter St Llc
Seller's Agent
Crystal Medina
AZ Flat Fee
Buyer's Agent
Crystal Medina
AZ Flat Fee
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$297,500
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 5, 2018
Closed on
Aug 29, 2018
Sold by
Cruz Michelle A and Cruz Phillip H
Bought by
Rodriguez Joshua
Seller's Agent
Crystal Medina
AZ Flat Fee
Buyer's Agent
Crystal Medina
AZ Flat Fee
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2011
Sold by
Fannie Mae
Bought by
Cruz Michelle A and Cruz Phillip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,556
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2010
Sold by
Spiegel Jonathan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 7, 2007
Sold by
Spiegel Jonathan
Bought by
Js West Investments

Purchase Details

Closed on
Mar 23, 2007
Sold by
Rivera Ernie
Bought by
Spiegel Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
6.12%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 21, 2004
Sold by
Keliikoa Amy
Bought by
Rivera Ernie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2004
Sold by
Abdelmuti Wardeh R and Abdelmuti Rebhi M
Bought by
Rivera Ernie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 5, 2004
Sold by
Voss Management Llc
Bought by
Abdelmuti Rebhi M and Abdelmuti Wardeh R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2002
Sold by
Voss Scott V and Voss Susan M
Bought by
Voss Management Llc

Purchase Details

Closed on
Oct 7, 1997
Sold by
Colic Slavco
Bought by
Voss Scott and Voss Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
7.49%
Mortgage Type
New Conventional

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
2109 W Colter St Llc -- Accommodation
Rodriguez Joshua R -- First Arizona Title Agency
Rodriguez Joshua R -- First Arizona Title Agency
2109 W Colter St Llc -- None Available
Rodriguez Joshua $350,000 First American Title Insuran
Cruz Michelle A $189,000 Grand Canyon Title Agency In
Federal National Mortgage Association $285,992 None Available
Js West Investments -- None Available
Spiegel Jonathan $380,000 First American Title Ins Co
Rivera Ernie -- Fidelity National Title
Rivera Ernie $350,000 Fidelity National Title
Abdelmuti Rebhi M $275,000 Chicago Title Insurance Co
Voss Management Llc -- --
Voss Scott $148,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Joshua R $367,500
Previous Owner 2109 W Colter St Llc $397,500
Previous Owner Rodriguez Joshua $297,500
Previous Owner Cruz Michelle A $205,556
Previous Owner Spiegel Jonathan F $71,000
Previous Owner Spiegel Jonathan $265,000
Previous Owner Rivera Ernie $87,500
Previous Owner Rivera Ernie $227,500
Previous Owner Rivera Ernie $227,500
Previous Owner Abdelmuti Rebhi M $220,000
Previous Owner Voss Scott $103,600
Previous Owner Ljubica Vuckovic $7,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2018 09/27/18 Sold $350,000 0.0% $99 / Sq Ft
08/05/2018 08/05/18 For Sale $350,000 -- $99 / 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 $2,574 $17,920 -- --
2024 $2,587 $17,067 -- --
2023 $2,587 $64,200 $12,840 $51,360
2022 $2,547 $42,720 $8,540 $34,180
2021 $2,571 $35,750 $7,150 $28,600
2020 $2,471 $30,900 $6,180 $24,720
2019 $2,441 $26,400 $5,280 $21,120
2018 $2,253 $24,000 $4,800 $19,200
2017 $2,225 $23,800 $4,760 $19,040
2016 $2,131 $19,200 $3,840 $15,360
2015 $2,017 $15,710 $3,140 $12,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5803510

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-25-002