NOT LISTED FOR SALE

Estimated Value: $443,000 - $445,000

Studio
-- Bath
-- Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: May 13, 2020

Last sale price $290,000

Est. 53% increase in value since last sale

Current estimated payment $2,475 / mo

40 Days on Market

About This Home

As of May 2020

Great multi family opportunity in the heart of Phoenix* Property zoning allows up to 7 units* 7 units in this AMAZING location makes for an incredible long term investment* Currently there is a single family house, duplex and garage that can be converted* Owner has done lot grading and interior demo, units are ready to be finished* See site plan in document section for 7 unit layout and open recreation space!!!

Last Agent to Sell the Property

Chris Lewis

Realty ONE Group License #SA519832000 Listed on: 03/20/2020

Last Buyer's Agent

R Valentine

Trademark Investments and Realty License #BR117617000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $353

Year Built

  • Built in 1945

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 120-37-054

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 146X79
  • Vel Ru Subdivision

Building Details

  • Operating Expense $353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$353

Year Built

Built in 1945

Lot Details

0.27 Acres

Listing Details

  • Cross Street: 24th street & Oak
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: VEL RU
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 146X79
  • Additional Parcels: No
  • Parcel #: 120-37-054

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Operating Expense: 353.0

Tax Info

  • Tax Annual Amount: 353.0
  • Tax Block: 4
  • Tax Book Number: 120.00
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
May 12, 2020
Sold by
Bought by
Seller's Agent
Chris Lewis
Realty ONE Group
Buyer's Agent
R Valentine
Trademark Investments and Realty
List Price
$379,900
Sold Price
$290,000
Premium/Discount to List
-$89,900
-23.66%
Current Estimated Value
$444,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,134
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
Nov 11, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.035%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$290,000 American Title Svc Agcy Llc
$272,500 Valleywide Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/13/2020 05/13/20 Sold $290,000 -9.3% --
04/29/2020 04/29/20 Pending -- -- --
04/21/2020 04/21/20 Price Changed $319,900 -3.0% --
04/07/2020 04/07/20 Price Changed $329,900 -5.7% --
03/28/2020 03/28/20 Price Changed $349,900 -7.9% --
03/20/2020 03/20/20 For Sale $379,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $660 $4,885 $4,885
2024 $1,053 $7,803
2023 $1,053 $34,200 $6,840 $27,360
2022 $1,011 $25,820 $5,160 $20,660
2021 $1,036 $22,350 $4,470 $17,880
2020 $1,011 $18,110 $3,620 $14,490
2019 $353 $14,470 $2,890 $11,580
2018 $326 $11,970 $2,390 $9,580
2017 $291 $11,870 $2,370 $9,500
2016 $258 $10,260 $2,050 $8,210
2015 $219 $8,080 $1,610 $6,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6053426

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-37-054

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