$211,724
SOLD JUN 28, 2018
-- Bed
-- Bath
2,550 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

8% Below List Price

45 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of March 2021

WOW!! Owner is motivated..Price drop of $12,275. Fantastic investment opportunity!!! Why pay $100-$125K p/unit in Phoenix when you can purchase this for under $71K p/unit. All units in this tri-plex are 2 bed, 1 bath with private yard. Electricity is individually metered . Tenants are on leases. Property has always been professionally managed. Rent rolls with POF. Lowball offers, FHA, or owner carry will not be considered. Property must be purchased with MLS#5727350. Create efficiency and purchase sellers other 6 units for a total 12. Showings only with accepted contract. All offers received Friday or after will be responded on Mondays, please date properly when creating offer.

Last Agent to Sell the Property

Michael Hawkins

HomeSmart License #BR662696000 Listed on: 02/22/2018

HomeSmart

Co-Listed By

Michael Saunders

Better Homes & Gardens Real Estate SJ Fowler License #SA659777000

Last Buyer's Agent

Michael D'Elena

Compass License #SA644866000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,053

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 154-29-007-D

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8276

Building Details

  • Operating Expense $1,053
  • Gross Income $22,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,053

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 23rd Ave & Indian School Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2017
  • Directions: North on 23rd Ave/ East on Glenrosa to property on south side of street
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8276
  • Additional Parcels: No
  • Parcel #: 154-29-007-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 22230.0
  • Annual Operating Expense: 1053.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1053.0
  • Tax Book Number: 154.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Patel Jay and Patel Jyoti
Bought by
Jay Patel And Jyoti Patel Trust and Patel
Current Estimated Value
$499,037

Purchase Details

Listed on
Feb 6, 2021
Closed on
Mar 12, 2021
Sold by
Pixivate Llc
Bought by
Patel Jay
Seller's Agent
Michael D'Elena
Compass
Buyer's Agent
Carla Magee
My Home Group Real Estate
List Price
$350,000
Sold Price
$334,500
Premium/Discount to List
-$15,500
-4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%
Original Mortgage
$250,875
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2018
Sold by
Simon Joshua A and Caldwell Alicia
Bought by
Pixivate Llc

Purchase Details

Listed on
Feb 22, 2018
Closed on
Jun 25, 2018
Sold by
On Site Community Centers Llc
Bought by
Simon Joshua A and Caldwell Alicia
Seller's Agent
Michael Hawkins
HomeSmart
Buyer's Agent
Michael D'Elena
Compass
List Price
$230,000
Sold Price
$211,724
Premium/Discount to List
-$18,276
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%
Original Mortgage
$158,794
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2006
Sold by
Goetz David and Goetz Jean
Bought by
Miceli Valarie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2002
Sold by
Matejovsky Douglas and Matejovsky Clara
Bought by
Goetz David and Goetz Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1997
Sold by
Barker John
Bought by
Matejovsky Douglas and Matejovsky Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,952
Interest Rate
8.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 1997
Sold by
Dorfman Ray and Dorfman Ruby
Bought by
Barker John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,952
Interest Rate
8.13%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Deed -- None Listed On Document
Warranty Deed $334,500 Grand Canyon Title Agency
Warranty Deed $211,725 None Available
Warranty Deed $211,725 Old Republic Title Agency
Special Warranty Deed $235,000 Chicago Title Insurance Co
Warranty Deed $123,000 First American Title Ins Co
Warranty Deed $67,500 Security Title
Warranty Deed $67,500 Security Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,875 New Conventional
Previous Owner $158,794 New Conventional
Previous Owner $35,250 Stand Alone Second
Previous Owner $98,400 New Conventional
Previous Owner $37,952 Seller Take Back
Closed $12,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2021 03/18/21 Sold $334,500 -4.4% $131 / Sq Ft
03/05/2021 03/05/21 For Sale $350,000 0.0% $137 / Sq Ft
03/05/2021 03/05/21 Price Changed $350,000 0.0% $137 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $350,000 +65.3% $137 / Sq Ft
06/28/2018 06/28/18 Sold $211,724 -0.4% $83 / Sq Ft
05/31/2018 05/31/18 Price Changed $212,475 -5.5% $83 / Sq Ft
05/15/2018 05/15/18 Price Changed $224,750 -2.3% $88 / Sq Ft
04/18/2018 04/18/18 For Sale $230,000 0.0% $90 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $230,000 -- $90 / 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 $1,218 $8,479 -- --
2024 $1,224 $8,075 -- --
2023 $1,224 $31,270 $6,250 $25,020
2022 $1,205 $22,760 $4,550 $18,210
2021 $1,216 $19,120 $3,820 $15,300
2020 $1,169 $16,670 $3,330 $13,340
2019 $1,155 $14,880 $2,970 $11,910
2018 $1,066 $12,730 $2,540 $10,190
2017 $1,053 $11,030 $2,200 $8,830
2016 $1,008 $9,100 $1,820 $7,280
2015 $954 $7,800 $1,560 $6,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5728510

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-007D