NOT LISTED FOR SALE

Estimated Value: $1,223,000 - $1,891,821

2 Beds
-- Bath
3,201 Sq Ft
$438/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $999,900 $312 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,471/month

14 Days on Market

About This Home

As of December 2015

Welcome to Broadmor Apartments a 8 unit complex in the heart of Tempe. All unit's are 2 bedroom one bath units with vaulted celeings. This is a fully renovated property that is completely turnkey. Broadmor Apartments features are brand new kitchens with granite counter tops. Modern back splash and finishes. All units have washer and dryers included to make more convenient then ever! Brand new neutral ceramic tile through out. Nice new modern fixtures through with neutral paint tones. The Broadmor Apartments have added private court yards for a relaxing environment. Broadmor Apartments have been professionally sand blasted to give a nice modern look to the over all building. Brand new roofs as well brand new air conditioners for every unit. All facts are approximate buyer verify MLS info

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 11/03/2015

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Dominic Arnold

AZ Prime Property Management License #BR639934000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,272

Year Built

  • Built in 1965

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 133-25-024

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7283

Building Details

  • Operating Expense $11,476
  • Gross Income $45,600
  • Net Operating Income $37,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,272

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: RURAL/BROADWAY
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: Submetered System
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2500.0

Lot Info

  • Lot Size: 7283
  • Additional Parcels: Yes
  • Parcel #: 133-25-024

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 37396.0
  • Annual Operating Expense: 11476.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3272.0
  • Tax Book Number: 133.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2015
Closed on
Dec 1, 2015
Sold by
2206 South Granda Drive Tempe Az Partner
Bought by
Luciano Living Trust
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Dominic Arnold
AZ Prime Property Management
List Price
$499,900
Sold Price
$499,000
Premium/Discount to List
-$900
-0.18%
Current Estimated Value
$1,402,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$903,955
Avg. Annual Appreciation
10.70%

Purchase Details

Closed on
Dec 2, 2008
Sold by
Wells Fargo Bank Na
Bought by
Va

Purchase Details

Closed on
Jun 16, 2008
Sold by
Vanminnen Dina
Bought by
Vanminnen Dina and Dina Van Minnen Living Trust

Purchase Details

Closed on
Jun 2, 2006
Sold by
Elliott Homes Inc
Bought by
Elliott Construction Inc

Purchase Details

Closed on
Aug 30, 1996
Sold by
Woodard Elizabeth R
Bought by
Vanminnen Dina
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 Buyer Sale Price Title Company
Luciano Living Trust $999,999 Empire West Title Agency
Va -- Great American Title Agency
Wells Fargo Bank Na $105,756 Great American Title Agency
Vanminnen Dina -- None Available
Elliott Construction Inc -- Stewart Title & Trust Of Pho
Vanminnen Dina $326,000 Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2015 12/04/15 Sold $999,900 +100.4% $312 / Sq Ft View Prior Sale
12/04/2015 12/04/15 Sold $499,000 -0.2% $156 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
11/16/2015 11/16/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $499,900 -52.4% $156 / Sq Ft
09/25/2015 09/25/15 For Sale $1,050,000 +96.3% $328 / Sq Ft
03/02/2015 03/02/15 Sold $535,000 0.0% $167 / Sq Ft View Prior Sale
02/09/2015 02/09/15 Pending -- -- --
02/09/2015 02/09/15 For Sale $535,000 -- $167 / 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 $2,048 $17,086 -- --
2024 $1,891 $16,273 -- --
2023 $1,891 $69,910 $11,550 $58,360
2022 $1,814 $53,520 $8,840 $44,680
2021 $1,826 $45,160 $7,460 $37,700
2020 $1,771 $38,200 $6,310 $31,890
2019 $1,737 $32,550 $5,380 $27,170
2018 $1,694 $27,020 $4,460 $22,560
2017 $1,644 $23,330 $3,850 $19,480
2016 $1,632 $22,810 $3,770 $19,040
2015 $1,568 $21,750 $3,590 $18,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5357163

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-25-024