NOT LISTED FOR SALE

Estimated Value: $287,150 - $610,000

-- Bed
-- Bath
2,160 Sq Ft
$210/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $400,000 $185 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,512/month

52 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2019

Assemblage Sale: two triplex buildings w/ six total units @ 2115 W. Glenrosa
Ave & 4024 N. 23rd Ave, Phoenix, AZ 85015. To be sold together. Buyer could obtain a commercial loan, or get two residential loans, or bring cash/1031 funds. Solid Central Phoenix location near the I-17 and Grand Canyon University. The two buildings are 1/2 mile from each other. All big 2 bed/1 bath units. Average 737 SF. Ample parking, private entrances, fenced yards, frig/stove, & more. Both buildings have had many quality upgrades over last several years. Value-Add w/ below market rents. Operating around a 5.9 CAP +/- with a 8+ CAP potential at pro forma rents. All month-to-month leases & a few vacancies to facilitate the sale. Buyer to complete/rely on own due diligence. OM available via email request.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 02/06/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Heather Bennett

Revinre License #SA658415000

Revinre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,314

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 15 Parking Spaces
  • 5 Covered Spaces
  • Free Parking
  • Paved Parking

Schools

  • Westwood Primary Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 154-29-026

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 17661
  • Puccinelli Place Subdivision

Building Details

  • Operating Expense $2,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,314

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 23rd ave and Indian School
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2018
  • Directions: 2115 W. Glenrosa is a few blocks north of Indian School Rd and a few blocks east of 23rd Ave, enter from 23rd Ave. 4024 N. 23rd Ave is just south of Indian School Rd.
  • Road Surface Type: Asphalt
  • Subdivision Name: PUCCINELLI PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: None, F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:None38: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Westwood Primary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 17661
  • Additional Parcels: Yes
  • Parcel #: 154-29-026

Multi Family

  • Owner Pays: Other, See Remarks, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Operating Expense: 2314.0

Tax Info

  • Tax Annual Amount: 2314.0
  • Tax Book Number: 154.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
May 7, 2019
Sold by
Simcock Patrick
Bought by
Holmberg Matthew and Sargent David
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Heather Bennett
Revinre
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$453,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,717
Avg. Annual Appreciation
4.70%
Original Mortgage
$131,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2015
Closed on
Oct 6, 2015
Sold by
Alcala Augustin and Alcala Velia
Bought by
Simcock Patrick
Seller's Agent
Lazaro Sandoval
Citicasa Realty, LLC
Buyer's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
List Price
$155,000
Sold Price
$149,000
Premium/Discount to List
-$6,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.81%
Original Mortgage
$104,300
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2009
Sold by
Indymac Federal Bank Fsb
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 6, 2009
Sold by
Alcala Agutin
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
May 20, 2005
Sold by
Alcala Augustin
Bought by
Alcala Augustin and Alcala Velia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2004
Sold by
Alcala Velia
Bought by
Alcala Agustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,750
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Holmberg Matthew $175,000 Chicago Title Agency
Simcock Patrick $149,000 First American Title Ins Co
Federal National Mortgage Association -- None Available
Indymac Federal Bank Fsb $162,219 None Available
Alcala Augustin -- Equity Title Agency Inc
Alcala Agustin -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmberg Matthew $131,250
Previous Owner Simcock Patrick $104,300
Previous Owner Alcala Augustin $86,000
Previous Owner Alcala Agustin $79,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $400,000 -3.6% $185 / Sq Ft
05/01/2019 05/01/19 Price Changed $415,000 0.0% $192 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/21/2019 03/21/19 Price Changed $415,000 -3.3% $192 / Sq Ft
03/09/2019 03/09/19 Price Changed $429,000 -4.7% $199 / Sq Ft
02/06/2019 02/06/19 For Sale $450,000 +202.0% $208 / Sq Ft
11/17/2015 11/17/15 Sold $149,000 -3.9% $69 / Sq Ft
10/03/2015 10/03/15 Pending -- -- --
09/25/2015 09/25/15 For Sale $155,000 -- $72 / 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 $1,272 $8,855 -- --
2024 $1,278 $8,434 -- --
2023 $1,278 $31,210 $6,240 $24,970
2022 $1,259 $23,550 $4,710 $18,840
2021 $1,270 $20,580 $4,110 $16,470
2020 $1,221 $17,750 $3,550 $14,200
2019 $1,206 $14,760 $2,950 $11,810
2018 $1,113 $11,410 $2,280 $9,130
2017 $1,100 $11,280 $2,250 $9,030
2016 $941 $9,660 $1,930 $7,730
2015 $894 $8,070 $1,610 $6,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884560

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-026