NOT LISTED FOR SALE

Estimated Value: $397,000 - $418,000

-- Bed
-- Bath
1,608 Sq Ft
$251/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $192,000 $119 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,225/month

170 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of September 2018

Property is all fenced with iron and block, 4 parking spots secured with locks, 4 storage spaces behind unit 4, back yard with stone, front yard grass landscaped, manual sprinkle system.
One unit is rented for $800 with lease agreement to expire on Sept 06/2019.

Last Agent to Sell the Property

Rosa Atencia

Unique Legacy Realty License #SA553947000 Listed on: 03/12/2018

Co-Listed By

Henry Hechavarria

HomeSmart License #SA659965000

Last Buyer's Agent

Carlton Hooks

Orchard Brokerage License #SA654212000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $915

Year Built

  • Built in 1960

Lot Details

  • 7,667

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Alma Elementary School
  • Alhambra Traditional Middle School
  • Alhambra High School

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 154-29-020

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7654 sf
  • Puccinelli Place Subdivision

Building Details

  • Operating Expense $5,387
  • Gross Income $18,624
  • Net Operating Income $13,237

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$915

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 23rd Avenue & Indian School Road
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2017
  • Directions: North to Glenrosa, East to 21st Ave. Property on the South East corner of 22nd Ave and Glenrosa Ave.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: eulr01
  • Co List Office Phone: 602-266-8008
  • Subdivision Name: Puccinelli Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Alma Elementary School
  • High School: Alhambra High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: 7654 sf
  • Additional Parcels: No
  • Parcel #: 154-29-020

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 18624.0
  • Insurance Expense: 872.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 13237.0
  • Annual Operating Expense: 5387.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 915.0
  • Tax Book Number: 154.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
Sep 19, 2018
Sold by
Jcv Marketing & Investments Group Llc
Bought by
Sarlak Michael and Sarlak Shahnaz
Seller's Agent
Rosa Atencia
Unique Legacy Realty
Buyer's Agent
Carlton Hooks
Orchard Brokerage
List Price
$207,000
Sold Price
$192,000
Premium/Discount to List
-$15,000
-7.25%
Current Estimated Value
$403,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,094
Avg. Annual Appreciation
12.55%
Original Mortgage
$144,000
Outstanding Balance
$126,856
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$312,842

Purchase Details

Closed on
Feb 18, 2014
Sold by
Villacis Carmita and Villacis Julio C
Bought by
Jcv Marketing & Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 4, 2013
Sold by
Villacis Julio C
Bought by
Jcv Marketing & Investments Group Llc

Purchase Details

Closed on
Oct 10, 2013
Sold by
Jcv Marketing & Investments Group Llc
Bought by
Villacis Julio C

Purchase Details

Closed on
Sep 18, 2012
Sold by
Salazar Rosario
Bought by
Salazar Taurino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2012
Sold by
Salazar Taurino and Salazar Rosario
Bought by
Jvc Marketing & Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2005
Sold by
Gonzalez Hector
Bought by
Salazar Taurino and Salazar Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2000
Sold by
Penaloza Maria
Bought by
Gonzalez Hector

Purchase Details

Closed on
Oct 30, 1997
Sold by
Hreniuc John and Hreniuc Sorina
Bought by
Pandov Dar and Pandov Mariana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,400
Interest Rate
7.26%
Mortgage Type
New Conventional
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
Sarlak Michael $192,000 Fiduciary Title Agency Llc
Jcv Marketing & Investments Group Llc -- Pioneer Title Agency Inc
Jcv Marketing & Investments Group Llc -- Accommodation
Villacis Julio C -- Accommodation
Salazar Taurino -- None Available
Jvc Marketing & Investments Group Llc $35,000 Driggs Title Agency Inc
Salazar Taurino $130,000 Transnation Title
Gonzalez Hector -- Security Title Agency
Gonzalez Hector $60,000 Security Title Agency
Pandov Dar $46,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarlak Michael $144,000
Previous Owner Jcv Marketing & Investments Group Llc $95,000
Previous Owner Jvc Marketing & Investments Group Llc $27,000
Previous Owner Salazar Taurino $104,000
Previous Owner Pandov Dar $41,400
Closed Salazar Taurino $19,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $192,000 -7.2% $119 / Sq Ft
08/09/2018 08/09/18 For Sale $207,000 0.0% $129 / Sq Ft
08/09/2018 08/09/18 Price Changed $207,000 +7.8% $129 / Sq Ft
05/17/2018 05/17/18 Off Market $192,000 -- --
03/12/2018 03/12/18 For Sale $199,000 -- $124 / 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 $1,058 $7,367 -- --
2024 $1,063 $7,017 -- --
2023 $1,063 $25,510 $5,100 $20,410
2022 $1,047 $19,070 $3,810 $15,260
2021 $1,057 $16,610 $3,320 $13,290
2020 $1,016 $14,220 $2,840 $11,380
2019 $1,004 $11,830 $2,360 $9,470
2018 $926 $9,300 $1,860 $7,440
2017 $915 $9,100 $1,820 $7,280
2016 $876 $7,610 $1,520 $6,090
2015 $829 $6,410 $1,280 $5,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5735660

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-020