NOT LISTED FOR SALE

Estimated Value: $435,227 - $686,000

8 Beds
4 Baths
800 Sq Ft
$691/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $135,000 $169 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $3,124/month

129 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Painted or Stained Flooring

About This Home

As of December 2012

Back on Market! All 2 bedroom units renting for $550 each! Newer roof and HVACs! Covered parking and storage too! All units have private yards and some with W/D hookups. Please do not disturb the tenants as they are not aware of the sale. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/11/2012

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Eric Williamson

Citiea License #SA579896000

Citiea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1962

Lot Details

  • 8,581

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile
  • Vinyl

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $3,204 per year Dock Fee
  • 4 Units
  • Building Dimensions are irr

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,292

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: 23rd Ave/Indian School
  • Floors: Carpet, Ceramic Tile, Vinyl
  • Legal Info Lot Number: 5
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: Indian Wells
  • Marketing Name: Indian Wells
  • Ownership: Fee Simple
  • Map Code Grid: P33
  • Year Built: 1962
  • Tax Year: 2011
  • Directions: North to Devonshire, East to property on North side of street.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping, Fenced
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: 1 Space/Unit
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: APS, SRP
  • Cooling: Electric, Individual
  • Heating: Heat Pump, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: irr

Multi Family

  • Income And Expenses Adjusted Gross Inc: 23760.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Landscape Exp: 500.00
  • Income And Expenses Annual Maint Exp: 1500.00
  • Income And Expenses Annual Trash Exp: 1200.00
  • Income And Expenses Annual Water Sewer Exp: 2400.00
  • Income And Expenses Gross Annual Sch Inc: 26400.00
  • Income And Expenses Net Operating Income: 13956.00
  • Income And Expenses Operating Exp: 9804.00
  • Income And Expenses Totl Mnth Rntal Inc: 2200.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 2
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Avg Sq Ft: 800
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 3204.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2017
Sold by
Barrett Thomas V and Day Barrett Ann Marie
Bought by
Barrett Thomas V
Current Estimated Value
$553,057

Purchase Details

Closed on
Jul 1, 2015
Sold by
Barrett Thomas V
Bought by
Barrett Thomas and Daybarrett Ann Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 4, 2014
Sold by
Barrett Michael P
Bought by
Barrett Thomas

Purchase Details

Closed on
Jan 29, 2004
Sold by
Barrett Theresa H
Bought by
Barrett Theresa H and Revocable Inter Vivos Trust Declaration
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 Buyer Sale Price Title Company
Barrett Thomas V -- None Available
Barrett Thomas -- None Available
Barrett Thomas -- None Available
Barrett Theresa H -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2012 12/07/12 Sold $135,000 -9.4% $169 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $149,000 -- $186 / 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 $2,292 $21,020 -- --
2024 $2,225 $20,019 -- --
2023 $2,225 $37,060 $7,410 $29,650
2022 $2,154 $29,210 $5,840 $23,370
2021 $2,198 $26,280 $5,250 $21,030
2020 $2,162 $23,960 $4,790 $19,170
2019 $2,113 $22,070 $4,410 $17,660
2018 $2,058 $21,150 $4,230 $16,920
2017 $1,953 $18,720 $3,740 $14,980
2016 $1,876 $15,970 $3,190 $12,780
2015 $1,745 $14,530 $2,900 $11,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4780590

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-34-069