NOT LISTED FOR SALE

Estimated Value: $382,000 - $815,000

Studio
-- Bath
3,286 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: March 21, 2014

Last sale price $95,000 $29 Per Sq Ft

Est. 514% increase in value since last sale

Current estimated payment $3,248 / mo

72 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of March 2014

This 4plex is located near the Arizona State Hospital & is within close proximity to freeways, bus stops & the light rail. There are additional storage room for tenant. Coin washer & dryer belongs to Dadson Washer Service, buyer has to sign service contract with Dadson Washer Service. Repairs needed.

Last Agent to Sell the Property

Wai Tsang

Gold Trust Realty License #BR549029000 Listed on: 12/11/2013

Last Buyer's Agent

Doug McVinua

Blue Sky Living, LLC License #BR512549000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $582

Year Built

  • Built in 1986

Lot Details

  • 5,837

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 116-03-092-E

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Monmouth Park Subdivision

Building Details

  • Operating Expense $6,782
  • Gross Income $19,440
  • Net Operating Income $16,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$582

Year Built

Built in 1986

Lot Details

5,837 Sq Ft Lot

Listing Details

  • Cross Street: VAN BUREN & 24th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: MONMOUTH PARK
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 116-03-092-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 19440.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 16347.0
  • Annual Operating Expense: 6782.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 582.0
  • Tax Book Number: 116.00
  • Tax Lot: 22

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
Dec 11, 2013
Closed on
Mar 15, 2014
Sold by
Bought by
Seller's Agent
Wai Tsang
Gold Trust Realty
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%
Current Estimated Value
$583,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,667
Avg. Annual Appreciation
15.86%
Original Mortgage
$120,914
Interest Rate
0.0418%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2003
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
$176,000
Interest Rate
0.0775%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2002
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
$199,500
Interest Rate
0.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2001
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
$140,000
Interest Rate
0.0657%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 1999
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
$83,250
Interest Rate
0.0696%
Mortgage Type
New Conventional
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
$95,000 Title365 Agency
$65,000 Title West Agency Llc
-- Accommodation
$52,001 None Available
$220,000 Lawyers Title Insurance Corp
$210,000 American Title Ins Agency Az
$175,000 First American Title
$92,500 First American Title
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
Closed $120,914
Previous Owner $176,000
Previous Owner $199,500
Previous Owner $140,000
Previous Owner $83,250
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
03/21/2014 03/21/14 Sold $95,000 -4.0% $29 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $99,000 -- $30 / Sq Ft
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 $1,153 $8,537
2024 $1,097 $8,131
2023 $1,097 $42,010 $8,400 $33,610
2022 $1,054 $30,470 $6,090 $24,380
2021 $1,080 $25,570 $5,110 $20,460
2020 $1,053 $21,600 $4,320 $17,280
2019 $1,046 $17,930 $3,580 $14,350
2018 $1,024 $14,510 $2,900 $11,610
2017 $985 $14,370 $2,870 $11,500
2016 $947 $11,370 $2,270 $9,100
2015 $881 $9,900 $1,980 $7,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5041150

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-03-092E

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