NOT LISTED FOR SALE

Estimated Value: $443,805 - $496,000

Studio
2 Baths
1,902 Sq Ft
$252/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $343,125 $180 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,811/month

77 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of February 2021

100% OCCUPIED** 2-2bed 1 bath units rented @ $1300 each.** Property has been used as a duplex for 10 or more years but could be returned to a SFR** Well maintained and updated.** roof replaced 2018** New HVAC 2018** HWT 2017** new kitchens & baths 2018/19** Some newer windows 2016/17** lease until Feb & May 2021.
Master metered for utilities.**
No showings/inspections except after accepted contract. Do not contact tenants.** Please No Showing Time.

All statements believed to be correct, Buyer to verify before COE.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 11/23/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Michael Swindle

My Home Group Real Estate License #SA663703000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1940

Lot Details

  • 7,057

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 117-09-026

Community Details

Overview

  • 2 Units
  • Building Dimensions are irregular
  • Vel Ru Heights Subdivision

Building Details

  • Operating Expense $1,966
  • Gross Income $31,200
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,966

Year Built

Built in 1940

Lot Details

7,057 Sq Ft Lot

Listing Details

  • Cross Street: 22nd St & Mcdowel
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1940
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: VEL RU HEIGHTS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 117-09-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 21600.0
  • Annual Operating Expense: 1966.0

Tax Info

  • Tax Annual Amount: 1966.0
  • Tax Block: 2
  • Tax Book Number: 117.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Feb 17, 2021
Sold by
Fifi Llc
Bought by
Tabernus Investments Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Swindle
My Home Group Real Estate
List Price
$375,000
Sold Price
$343,125
Premium/Discount to List
-$31,875
-8.5%
Current Estimated Value
$511,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,222
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Jun 4, 2013
Sold by
Dgj Partners Llc
Bought by
Fifi Llc

Purchase Details

Closed on
Feb 9, 2011
Sold by
Grenstromer Ulla
Bought by
Dgj Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,600
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2003
Sold by
Berglund Sharon
Bought by
Meza Nolberto and Meza Lesbia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tabernus Investments Llc $343,125 Chicago Title Agency
Fifi Llc $63,500 Chicago Title Agency Inc
Dgj Partners Llc $32,000 The Talon Group
Meza Nolberto $75,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dgj Partners Llc $25,600
Previous Owner Meza Nolberto $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2021 02/23/21 Sold $343,125 -3.3% $180 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/27/2021 01/27/21 Price Changed $355,000 -5.3% $187 / Sq Ft
11/23/2020 11/23/20 For Sale $375,000 -- $197 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,152 $15,934 -- --
2024 $2,048 $15,176 -- --
2023 $2,048 $34,280 $6,850 $27,430
2022 $1,967 $26,800 $5,360 $21,440
2021 $2,015 $23,500 $4,700 $18,800
2020 $1,966 $21,800 $4,360 $17,440
2019 $1,952 $18,550 $3,710 $14,840
2018 $1,912 $17,010 $3,400 $13,610
2017 $1,838 $14,380 $2,870 $11,510
2016 $850 $11,570 $2,310 $9,260
2015 $702 $10,350 $2,070 $8,280
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6164133

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-09-026

Your Personal Tour Guide

Ask me questions while you tour the home.