$265,000
SOLD NOV 15, 2016
-- Bed
-- Bath
689 Sq Ft
0.35 Acres

Recently Sold

$385 Per Sq Ft

3% Below List Price

82 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of February 2022

****10 YEAR Seller Carry Opportunity!! ****Or Lease Option!*** Seller prefers not to cash out so let’s get creative! Cash quick close also considered. Seller offers 30% down for 10 years. Remodeled 2 bedroom HOME + 4 two bedroom units! All Turn Key just remodeled to including NEW roofs, NEW cabinets, NEW windows, NEW doors, ALL NEW HVAC's and more, and more! Four units completely remodeled!(only 1 unit interior not redone)** 100% Occupied!!!** Buyer to verify all items of concern during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 08/11/2016

Last Buyer's Agent

Leslie Pollesche

Realty ONE Group License #SA635309000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,014

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 116-04-105

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are irr

Building Details

  • Gross Income $31,179
  • Net Operating Income $19,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,014

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 24th Street/McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2015
  • Directions: South on 24th Street to Portland Street, West to property on North side of road.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2494.0
  • Subdivision Name: N/A
  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4320.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 116-04-105

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 31179.0
  • Insurance Expense: 1250.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 19384.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1014.0
  • Tax Book Number: 116.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2021
Closed on
Feb 14, 2022
Sold by
New Edge Health & Education Inc
Bought by
Portlandia Five Llc
Seller's Agent
David Furnia
Coldwell Banker Realty
Buyer's Agent
Alexandra Pfannenstiel
My Home Group Real Estate
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
$606,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,870
Avg. Annual Appreciation
-0.15%
Original Mortgage
$450,000
Outstanding Balance
$314,776
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$282,018

Purchase Details

Listed on
Dec 31, 2021
Closed on
Jan 6, 2022
Sold by
Tim Kessler
Bought by
New Edge Heath & Education Inc
Seller's Agent
David Furnia
Coldwell Banker Realty
Buyer's Agent
Alexandra Pfannenstiel
My Home Group Real Estate
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$314,776
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$282,018

Purchase Details

Listed on
Aug 11, 2016
Closed on
Nov 10, 2016
Sold by
Jones Michael Robert
Bought by
Kessler Tim
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Leslie Pollesche
Realty ONE Group
List Price
$274,000
Sold Price
$265,000
Premium/Discount to List
-$9,000
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.81%
Original Mortgage
$215,000
Interest Rate
3.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 8, 2016
Sold by
Jones Beatrice M
Bought by
Jones Michael Robert
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 Type Sale Price Title Company
Warranty Deed -- First Arizona Title
Gift Deed $600,000 First Arizona Title
Warranty Deed -- Chicago Title
Interfamily Deed Transfer $70,000 Stewart Title & Trust Of Tuc
Interfamily Deed Transfer -- Stewart Title & Trust Of Tuc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Closed $450,000 New Conventional
Previous Owner $450,000 New Conventional
Previous Owner $215,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2022 02/17/22 Sold $600,000 0.0% $871 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/31/2021 12/31/21 For Sale $600,000 +126.4% $871 / Sq Ft
11/15/2016 11/15/16 Sold $265,000 -3.3% $385 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $274,000 -- $398 / 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 $1,277 $9,826 -- --
2024 $1,263 $9,358 -- --
2023 $1,263 $49,150 $9,830 $39,320
2022 $1,213 $35,910 $7,180 $28,730
2021 $1,243 $31,770 $6,350 $25,420
2020 $1,212 $26,720 $5,340 $21,380
2019 $1,204 $20,760 $4,150 $16,610
2018 $1,179 $16,650 $3,330 $13,320
2017 $1,134 $15,570 $3,110 $12,460
2016 $1,090 $12,180 $2,430 $9,750
2015 $1,014 $10,750 $2,150 $8,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5483254

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-04-105