NOT LISTED FOR SALE

Estimated Value: $463,000 - $564,980

6 Beds
3 Baths
1,225 Sq Ft
$410/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $285,000 $233 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,802/month

185 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2020

Great tri-plex located in Downtown Phoenix with income. 5 minutes from the Airport! 2- 1/1 Units & 1-2/1 . Each unit separately serviced. Newer AC and ducts on each unit! Recent upgrades include: Newer floor thru the units, bathrooms, refreshed kitchen cabinets, quartz countertops, paint Inside & out, newer roof on attached 1/1s, plumbing on all 3 units replaced with Pex & updated!

Last Agent to Sell the Property

Rachel Krill

Real Broker License #BR559282000 Listed on: 01/26/2020

Real Broker

Last Buyer's Agent

Joshua Willets

Grace CRE License #BR675965000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,454

Year Built

  • Built in 1956

Lot Details

  • 8,276

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Legal Lot and Block 10 / 1
  • Assessor Parcel Number 116-01-016

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are .19
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $9,087
  • Gross Income $22,493
  • Net Operating Income $12,837

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,454

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 24th St & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2019
  • Directions: From Loop 202 South on 24th St- West on Taylor- Property on North Side of the Street
  • Road Surface Type: Asphalt
  • Subdivision Name: AVIATION HOMESITES
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved Parking, Free, <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2258.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: .19
  • Additional Parcels: No
  • Parcel #: 116-01-016

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 22493.0
  • Insurance Expense: 1799.0
  • Maintenance Expense: 1876.0
  • Property Net Operating Income: 12837.0
  • Annual Operating Expense: 9087.0

Tax Info

  • Tax Annual Amount: 1454.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2020
Closed on
Aug 30, 2020
Sold by
6894 S Opal Llc
Bought by
Romero Cory M and Romero Lori N
Seller's Agent
Rachel Krill
Real Broker
Buyer's Agent
Joshua Willets
Grace CRE
List Price
$310,000
Sold Price
$285,000
Premium/Discount to List
-$25,000
-8.06%
Current Estimated Value
$502,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,495
Avg. Annual Appreciation
11.76%
Original Mortgage
$213,750
Outstanding Balance
$189,689
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$312,806

Purchase Details

Listed on
Sep 8, 2017
Closed on
Dec 8, 2017
Sold by
Tico Hd Investments Llc
Bought by
6894 S Opal Llc
Seller's Agent
Brielle Torel
Plaza Del Rio Management Corp
Buyer's Agent
Jennifer Biggs
HomeSmart
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%

Purchase Details

Closed on
May 16, 2017
Sold by
Solif Adolfo
Bought by
Tico Hd Investments Llc

Purchase Details

Closed on
Feb 12, 2003
Sold by
Soliz Maria
Bought by
Soliz Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1999
Sold by
Soliz Maria Dolores
Bought by
Soliz Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.79%
Mortgage Type
Commercial
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
Romero Cory M $285,000 Security Title Agency Inc
6894 S Opal Llc $210,000 Fidelity National Title Agen
Tico Hd Investments Llc $88,500 Great American Title Agency
Soliz Adolfo -- Fidelity National Title
Soliz Adolfo -- Fidelity National Title
Soliz Adolfo -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Cory M $213,750
Previous Owner Soliz Adolfo $44,500
Previous Owner Soliz Adolfo $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2020 08/31/20 Sold $285,000 -8.1% $233 / Sq Ft
07/27/2020 07/27/20 For Sale $310,000 +8.8% $253 / Sq Ft
07/25/2020 07/25/20 Off Market $285,000 -- --
01/24/2020 01/24/20 For Sale $310,000 +47.6% $253 / Sq Ft
12/08/2017 12/08/17 Sold $210,000 -6.5% $171 / Sq Ft View Prior Sale
12/04/2017 12/04/17 Price Changed $224,500 -0.2% $183 / Sq Ft
10/31/2017 10/31/17 For Sale $225,000 0.0% $184 / Sq Ft
10/24/2017 10/24/17 For Sale $225,000 0.0% $184 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
10/01/2017 10/01/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $225,000 -- $184 / 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 $1,527 $11,704 -- --
2024 $1,534 $11,146 -- --
2023 $1,534 $27,180 $5,430 $21,750
2022 $1,445 $20,000 $4,000 $16,000
2021 $1,466 $17,910 $3,580 $14,330
2020 $1,460 $15,150 $3,030 $12,120
2019 $1,454 $12,130 $2,420 $9,710
2018 $609 $8,650 $1,730 $6,920
2017 $566 $8,070 $1,610 $6,460
2016 $579 $6,110 $1,220 $4,890
2015 $537 $5,260 $1,050 $4,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6028847

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-016