NOT LISTED FOR SALE

212 4th Ave E Buckeye, AZ 85326

Estimated Value: $294,726 - $2,793,000

Studio
-- Bath
1,300 Sq Ft
$1,098/Sq Ft Est. Value

Last Sold November 10, 2020

Last sale price $2,150,000 $1,654 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $7,526/month

78 Days on Market

About This Home

As of November 2020

Fastest growing city by % in US! City of Buckeye 28 package includes a 20 unit community & separate 8 unit bldg. The two complexes are 1/2 mile away. Interest-only Seller Financing is available w/ 20% down, but not required. The 20 units consist of 10 identical duplex buildings w/ a 2 br/1 br mix over 1300 SF/bldg. 10 adjacent separate lots (6750 SF per). Addresses: 212-218 4th Ave & 209-223 5th Ave. Built 1960. Similar duplexes nearby have sold for $147K, another pending at $216K. The other complex w/ this package is 802 E. Monroe. It is an 8 unit adobe-style build. w/ seven studios & a 1 br. Owners have invested heavy cap ex, but still more value-add/blue sky to be had. Showings in escrow. OM, RR, Seller Financing details available. Buyer to complete & rely on own due diligence

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 05/29/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,625

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 36 Open Parking Spaces
  • 36 Parking Spaces

Schools

  • Buckeye Elementary School
  • Buckeye Primary Middle School
  • Buckeye Union High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Legal Lot and Block 6 / 31
  • Assessor Parcel Number 504-52-019

Community Details

Overview

  • 11 Buildings
  • 28 Units
  • Building Dimensions are 0
  • Valencia Subdivision

Building Details

  • Operating Expense $7,625
  • Gross Income $222,733

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,625

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Maricopa & Pima
  • Legal Info Range: 3W
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 11
  • Year Built: 1960
  • Tax Year: 2019
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: VALENCIA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Block, Other, See Remarks
  • Roof: Composition, Other, See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 36.0
  • Total Parking Spaces: 36.0
  • General Property Description:Uncvrd Parking Spcs: 36.0
  • General Property Description:Total Parking Spcs: 36.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C, Individual, Electric, Other, Wall/Window Unit(s), See Remarks
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Buckeye Elementary School
  • High School: Buckeye Union High School
  • Middle Or Junior School: Buckeye Primary

Lot Info

  • Lot Size: 0
  • Additional Parcels: Yes
  • Parcel #: 504-52-019

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 28
  • Annual Gross Income: 222733.2
  • Annual Operating Expense: 7625.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7625.0
  • Tax Block: 31
  • Tax Book Number: 504.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Nov 6, 2020
Sold by
Buck-Eye Az Holdings Limited
Bought by
Juggernaut Investments Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Victoria Miachika
REI Marketing
List Price
$2,400,000
Sold Price
$2,150,000
Premium/Discount to List
-$250,000
-10.42%
Current Estimated Value
$1,427,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$722,068
Avg. Annual Appreciation
-7.64%
Original Mortgage
$173,675
Outstanding Balance
$153,775
Interest Rate
2.9%
Mortgage Type
Seller Take Back
Estimated Equity
$1,274,157

Purchase Details

Listed on
Oct 30, 2017
Closed on
Feb 22, 2018
Sold by
Corica Michael R and Corica Lorie Lei
Bought by
Buck Eye Az Holdings Ltd
Seller's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.54%
Original Mortgage
$1,735,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 30, 2017
Closed on
Jan 30, 2018
Sold by
Kbd & Rr Investments Llc
Bought by
Corica Michael R and Corica Lorie Lei
Seller's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,735,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 30, 2016
Sold by
Chan Janning and Chan Wendy
Bought by
Lynch Ross
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
Juggernaut Investments Llc $2,150,000 Old Republic Title
Buck Eye Az Holdings Ltd -- None Available
Corica Michael R $1,930,000 Chicago Title Agency Inc
Lynch Ross $125,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juggernaut Investments Llc $173,675
Previous Owner Corica Michael R $1,735,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2020 11/10/20 Sold $2,150,000 -10.4% $1,654 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $2,400,000 +92.0% $1,846 / Sq Ft
01/31/2018 01/31/18 Sold $1,250,000 0.0% $962 / Sq Ft View Prior Sale
10/27/2017 10/27/17 For Sale $1,250,000 -- $962 / 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 $711 $5,076 -- --
2024 $709 $4,834 -- --
2023 $709 $16,620 $3,320 $13,300
2022 $698 $7,260 $1,450 $5,810
2021 $714 $6,650 $1,330 $5,320
2020 $680 $6,150 $1,230 $4,920
2019 $671 $6,100 $1,220 $4,880
2018 $592 $5,550 $1,110 $4,440
2017 $558 $5,770 $1,150 $4,620
2016 $545 $5,250 $1,050 $4,200
2015 $511 $5,130 $1,020 $4,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6084243

Arizona Regional Multiple Listing Service (ARMLS)

APN: 504-52-019