NOT LISTED FOR SALE

Estimated Value: $512,000 - $629,978

-- Bed
-- Bath
2,852 Sq Ft
$203/Sq Ft Est. Value

Last Sold February 09, 2015

Last sale price $143,500 $50 Per Sq Ft

Est. 304% increase in value since last sale

Current estimated payment $3,181/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of February 2015

BLACK FRIDAY SALE! Part of 4 complex package (5205305, 5205306 sold together) and (5205307, 5205308 sold separately), owner is moving his operations further north and wants to sell these units. All facts and figures approximate including MLS info. Buyer and Agent advised to exercise due diligence and to verify all information to their satisfaction. Agents, please check private remarks for BONUS information. ** Drive by only, tenants are not aware of sale. PLEASE DO NOT DISTURB TENANTS OR ENTER PROPERTY**

Last Agent to Sell the Property

Jim Swindle

Better Homes & Gardens Real Estate SJ Fowler License #BR639712000 Listed on: 11/29/2014

Last Buyer's Agent

Nancy Silva

My Home Group Real Estate License #SA632774000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $927

Year Built

  • Built in 1982

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 109-32-009

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7,000 sf
  • Capital Block Subdivision

Building Details

  • Operating Expense $8,297
  • Gross Income $23,900
  • Net Operating Income $13,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$927

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 19th Ave/Van Buren
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2014
  • Directions: South to Adams the west to property on South side. East side of I-17.
  • Road Surface Type: Asphalt
  • Subdivision Name: Capital Block
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: 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: Paved Parking, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 450.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,000 sf
  • Additional Parcels: No
  • Parcel #: 109-32-009

Multi Family

  • Owner Pays: Other, See Remarks, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 2860.0
  • Annual Gross Income: 23900.4
  • Insurance Expense: 700.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 13495.0
  • Annual Operating Expense: 8297.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 927.0
  • Tax Book Number: 109.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2019
Sold by
Don Brown Of Weston
Bought by
Dmbphx Llc
Current Estimated Value
$580,245

Purchase Details

Closed on
Jul 6, 2017
Sold by
Robertson Chantel
Bought by
Brown Don

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2014
Closed on
Jan 27, 2015
Sold by
Du Coeur Enterprises Llc
Bought by
Robertson Chantel
Seller's Agent
Jim Swindle
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nancy Silva
My Home Group Real Estate
List Price
$145,950
Sold Price
$143,500
Premium/Discount to List
-$2,450
-1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%
Original Mortgage
$140,900
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 27, 2013
Closed on
Sep 6, 2013
Sold by
Schecter James
Bought by
Do Coeur Enterprises Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jim Swindle
Better Homes & Gardens Real Estate SJ Fowler
List Price
$139,500
Sold Price
$130,000
Premium/Discount to List
-$9,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$99,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2013
Closed on
Aug 22, 2013
Sold by
Nkj Investments Llc
Bought by
Schecter James
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jim Swindle
Better Homes & Gardens Real Estate SJ Fowler
List Price
$139,500
Sold Price
$130,000
Premium/Discount to List
-$9,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2012
Closed on
Jan 14, 2013
Sold by
Lili Rubin Investments Properties Llc
Bought by
Nkj Investments Llc
Seller's Agent
Dean Hoppes
Real Broker
Buyer's Agent
German Pardo
Better Homes & Gardens Real Estate SJ Fowler
List Price
$99,000
Sold Price
$75,000
Premium/Discount to List
-$24,000
-24.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
150.11%

Purchase Details

Listed on
Dec 12, 2012
Closed on
Dec 7, 2012
Sold by
The Syndicate Llc
Bought by
Lili Rubin Investment Properties Inc
Seller's Agent
Dean Hoppes
Real Broker
Buyer's Agent
German Pardo
Better Homes & Gardens Real Estate SJ Fowler
List Price
$99,000
Sold Price
$75,000
Premium/Discount to List
-$24,000
-24.24%

Purchase Details

Closed on
Nov 12, 2012
Sold by
Russell William M
Bought by
The Syndicate Llc

Purchase Details

Closed on
Oct 1, 2009
Sold by
Gmac Mortgage Llc
Bought by
Russell William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,917
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2009
Sold by
Gonzalez Zepeda Alejandro
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Jul 7, 2006
Sold by
Zepeda Luz Elena
Bought by
Gonzalez Zepeda Alejandro

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
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 30, 2006
Sold by
Fernandez Monica
Bought by
Gonzalez Zepeda Alejandro

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
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 3, 2005
Sold by
Hud
Bought by
Fernandez Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Wells Fargo Bank Na
Bought by
Hud

Purchase Details

Closed on
Aug 12, 2004
Sold by
Cruz Andrei
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 17, 2003
Sold by
Creative Financing Investment Inc
Bought by
American Pension Services and Shiffra Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,773
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2003
Sold by
American Pension Services
Bought by
Cruz Andrei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,773
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 2002
Sold by
Southwest Wholesale Mtg Llc
Bought by
American Pension Services and Shiffra Edward

Purchase Details

Closed on
Oct 17, 2001
Sold by
Farnworth Martin D
Bought by
Southwest Wholesale Mtg Llc

Purchase Details

Closed on
Aug 1, 2001
Sold by
Farnworth Martin D
Bought by
Southwest Wholesale Mtg Llc

Purchase Details

Closed on
Oct 22, 1999
Sold by
Farnworth Patricia
Bought by
Farnworth Martin D

Purchase Details

Closed on
Nov 30, 1998
Sold by
Hadded Ida Jack
Bought by
Hadded Nasser and Hadded Ida Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.78%

Purchase Details

Closed on
Apr 11, 1997
Sold by
Hadded Nasser
Bought by
Hadded Ida Jack
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
Dmbphx Llc -- None Available
Brown Don $260,000 Precision Title Agency Inc
Robertson Chantel $143,500 Precision Title Agency
Do Coeur Enterprises Llc -- None Available
Schecter James $132,000 Chicago Title Agency Inc
Nkj Investments Llc $75,000 Security Title Agency
Lili Rubin Investment Properties Inc -- Security Title Agency
The Syndicate Llc $37,000 None Available
Russell William M $51,000 First American Title Ins Co
Gmac Mortgage Llc $123,760 Security Title Agency
Gonzalez Zepeda Alejandro -- Arizona Title Agency Inc
Gonzalez Zepeda Alejandro $275,000 Arizona Title Agency Inc
Fernandez Monica -- First Southwestern Title
Hud -- First American Title Ins Co
Wells Fargo Bank Na $182,602 --
American Pension Services -- Grand Canyon Title Agency In
Cruz Andrei $174,470 Grand Canyon Title Agency In
American Pension Services -- --
Southwest Wholesale Mtg Llc -- --
Southwest Wholesale Mtg Llc -- --
Farnworth Martin D -- Stewart Title & Trust
Farnworth Martin D $89,000 Stewart Title & Trust
Hadded Nasser -- Transnation Title Ins Co
Hadded Ida Jack -- Stewart Title & Trust
Hadded Ida Jack $19,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Don $195,000
Previous Owner Robertson Chantel $140,900
Previous Owner Schecter James $99,000
Previous Owner Russell William M $46,917
Previous Owner Gonzalez Zepeda Alejandro $220,000
Previous Owner Gonzalez Zepeda Alejandro $220,000
Previous Owner Fernandez Monica $124,000
Previous Owner Cruz Andrei $171,773
Previous Owner Hadded Nasser $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2015 02/09/15 Sold $143,500 -1.7% $50 / Sq Ft
12/04/2014 12/04/14 Pending -- -- --
11/29/2014 11/29/14 For Sale $145,950 +12.3% $51 / Sq Ft
08/28/2013 08/28/13 Sold $130,000 -6.8% $46 / Sq Ft View Prior Sale
07/11/2013 07/11/13 Pending -- -- --
06/27/2013 06/27/13 For Sale $139,500 +86.0% $49 / Sq Ft
01/22/2013 01/22/13 Sold $75,000 -24.2% $26 / Sq Ft View Prior Sale
01/11/2013 01/11/13 Pending -- -- --
12/11/2012 12/11/12 For Sale $99,000 -- $35 / 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 $1,110 $8,300 -- --
2024 $1,099 $7,904 -- --
2023 $1,099 $37,130 $7,420 $29,710
2022 $1,060 $24,560 $4,910 $19,650
2021 $1,052 $21,280 $4,250 $17,030
2020 $1,064 $18,100 $3,620 $14,480
2019 $1,062 $15,560 $3,110 $12,450
2018 $1,044 $12,550 $2,510 $10,040
2017 $1,020 $12,160 $2,430 $9,730
2016 $991 $9,330 $1,860 $7,470
2015 $917 $8,210 $1,640 $6,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5205308

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-32-009