$274,496
SOLD JUN 29, 2012
-- Bed
-- Bath
2,867 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

20% Above List Price

14 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Mercury Mine Elementary School Rated A

About This Home

As of December 2021

Great Setting in Single Family Neighborhood! EZ Access - Close to Hwy 51 / 101 & Cave Creek Parkway! All Units are 2 Bed / 2 Bath! All Tile - Updated and Fully Occupied! Rents are $600
Seller is willing to Carry w/Money Down. This is one of 7 Buildings to be sold at the same time.

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 05/17/2012

Keller Williams Arizona Realty

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 05/17/2012

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $873

Year Built

  • Built in 1971

Lot Details

  • Property fronts an alley

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 312
  • Assessor Parcel Number 166-26-004

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular

Building Details

  • Gross Income $28,800
  • Net Operating Income $21,131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$873

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road & Cactus
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2011
  • Directions: Located on South Side of Cactus - East of Cave Creek Road
  • Road Frontage Type: Alley
  • Professional Management Expense: 2880.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central A/C
  • 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:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 429.0
  • Annual Water Sewer Expense: 1560.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 166-26-004

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 28800.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21131.0

Tax Info

  • Tax Annual Amount: 873.0
  • Tax Book Number: 166.00
  • Tax Lot: 312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2024
Sold by
Azrei Llc
Bought by
Value Creation Llc
Current Estimated Value
$1,257,859

Purchase Details

Closed on
Jan 29, 2024
Sold by
Value Creation Llc
Bought by
Azrei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,335
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 27, 2021
Sold by
David Dubiel William
Bought by
2201 E Cactus Llc
Seller's Agent
Craig Young
REI Marketing
Buyer's Agent
Joseph Ryan
Jason Mitchell Real Estate
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 1, 2021
Sold by
Wei Hongru
Bought by
Dubiel William David
Seller's Agent
Craig Young
REI Marketing
Buyer's Agent
Joseph Ryan
Jason Mitchell Real Estate
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Purchase Details

Closed on
Jun 7, 2021
Sold by
Evolve Equity Llc
Bought by
Madison On Cactus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2021
Sold by
Bullinger Kassandra
Bought by
Bullinger Luke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2021
Sold by
Na Cactus 5 Llc
Bought by
Evolve Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2021
Sold by
Cactus 7 Llc
Bought by
Na Cactus 5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2016
Sold by
Na Cactus 5 Llc
Bought by
Cactus 7 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,293,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 10, 2012
Sold by
Giat Nir
Bought by
Na Cactus 5 Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$274,496
Premium/Discount to List
$45,496
19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 20, 2012
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Giat Nir
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$274,496
Premium/Discount to List
$45,496
19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2007
Sold by
Mckinivan Charles and Mckinivan Dolores M
Bought by
Mckinivan Charles and Mckinivan Dolores M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2001
Sold by
Mckinivan Charles and Mckinivan Delores C
Bought by
Mckinivan Charles and Mckinivan Dolores C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,200
Interest Rate
6.39%

Purchase Details

Closed on
Feb 22, 2000
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Mckinivan Charles and Mckinivan Dolores C

Purchase Details

Closed on
Apr 13, 1994
Sold by
Brassea Anthony P and Brassea Leatrice
Bought by
Mckinivan Charles and Mckinivan Dolores
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $1,500,000 Chicago Title
Warranty Deed -- Chicago Title
Special Warranty Deed -- New Title Company Name
Quit Claim Deed -- First American Title Ins Co
Warranty Deed $975,000 First American Title Ins Co
Special Warranty Deed $550,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- American Title Svc Agcy Llc
Special Warranty Deed $435,000 American Title Svc Agcy Llc
Special Warranty Deed -- American Title Svc Agcy Llc
Special Warranty Deed -- None Available
Special Warranty Deed $1,601,300 Magnus Title Agency
Warranty Deed $274,496 Magnus Title Agency
Warranty Deed $304,691 Magnus Title Agency
Interfamily Deed Transfer -- Chicago Title Insurance Comp
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- --
Warranty Deed $106,500 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,483,335 Seller Take Back
Previous Owner $524,000 Construction
Previous Owner $255,000 Commercial
Previous Owner $255,000 Commercial
Previous Owner $1,293,000 Commercial
Previous Owner $239,691 Unknown
Previous Owner $234,496 Seller Take Back
Previous Owner $220,500 New Conventional
Previous Owner $196,350 Unknown
Previous Owner $130,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $975,000 -11.4% $340 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $1,100,000 +300.7% $384 / Sq Ft
06/29/2012 06/29/12 Sold $274,496 +19.9% $96 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $229,000 -- $80 / 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 $1,096 $11,015 -- --
2024 $1,073 $10,490 -- --
2023 $1,073 $36,610 $7,320 $29,290
2022 $1,063 $33,180 $6,630 $26,550
2021 $1,066 $32,110 $6,420 $25,690
2020 $1,033 $27,800 $5,560 $22,240
2019 $1,034 $23,010 $4,600 $18,410
2018 $1,000 $22,480 $4,490 $17,990
2017 $959 $21,280 $4,250 $17,030
2016 $943 $20,480 $4,090 $16,390
2015 $873 $17,310 $3,460 $13,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4760895

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-26-004