$178,000
SOLD JUN 7, 2016
-- Bed
-- Bath
2,204 Sq Ft
1930 Built

Recently Sold

$81 Per Sq Ft

11% Below List Price

33 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2016

Great income property! Property includes a single family residence (rents for $650/month), 2 studios (rents for $365/month and $425/month) and a 2 bedroom, 1 bath unit (rents for $550/month. Convenient location near the SR 51. Please do not disturb tenants. All facts, figures or measurements that are a material matter to Buyer to be verified by Buyer during the inspection period. Cap rate estimated at 10%.

Last Agent to Sell the Property

Karl Freund

Kenneth James Realty License #BR586913000 Listed on: 04/28/2016

Kenneth James Realty

Last Buyer's Agent

Karl Freund

Kenneth James Realty License #BR586913000 Listed on: 04/28/2016

Kenneth James Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $837

Year Built

  • Built in 1930

Home Design

  • Wood Frame Construction
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • William T Machan Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 2000
  • Assessor Parcel Number 117-14-127

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 50 ft x 138 ft
  • East Roselawn Heights Subdivision

Building Details

  • Gross Income $22,680
  • Net Operating Income $19,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$837

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd and 16th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-1
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2015
  • Directions: From Thomas and 16th, Head South on 16th St. to Oak. East on Oak to 20th St. Head South and property will be on the NW corner of Cypress and 20th St.
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST ROSELAWN HEIGHTS
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned
  • Attached Garage: No
  • 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 Features:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 480.0
  • Annual Water Sewer Expense: 960.0

Schools

  • Elementary School: William T Machan Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William T Machan Elementary School

Lot Info

  • Lot Size: 50 ft x 138 ft
  • Additional Parcels: No
  • Parcel #: 117-14-127

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 22680.0
  • Insurance Expense: 450.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 19870.0

Tax Info

  • Tax Annual Amount: 837.0
  • Tax Block: 2000
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2022
Sold by
Radomes Abayev
Bought by
Arizona Land Owner Llc
Current Estimated Value
$484,412

Purchase Details

Closed on
Mar 1, 2022
Sold by
Gershbock Sarah C
Bought by
Abayev Radomes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2016
Closed on
Nov 7, 2016
Sold by
Kahalas Jeremy
Bought by
Gershbock Sarah C
Seller's Agent
Karl Freund
Kenneth James Realty
Buyer's Agent
Connie Mower-Sweigart
Realty ONE Group
List Price
$225,000
Sold Price
$212,000
Premium/Discount to List
-$13,000
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%
Original Mortgage
$208,160
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jun 7, 2016
Sold by
Antonucci Robert A
Bought by
Kahalas Jeremy
Seller's Agent
Karl Freund
Kenneth James Realty
Buyer's Agent
Karl Freund
Kenneth James Realty
List Price
$200,000
Sold Price
$178,000
Premium/Discount to List
-$22,000
-11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.23%

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jun 3, 2016
Sold by
Kahalas Jennifer and Kahalas Jeremy
Bought by
Kahalas Jeremy and Kahalas Jennifer
Seller's Agent
Karl Freund
Kenneth James Realty
Buyer's Agent
Karl Freund
Kenneth James Realty
List Price
$200,000
Sold Price
$178,000
Premium/Discount to List
-$22,000
-11%

Purchase Details

Closed on
Sep 18, 2013
Sold by
1Mwp Llc
Bought by
Natonucci Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,138
Interest Rate
4.27%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 25, 2013
Closed on
Jun 12, 2013
Sold by
Jmn Rental Properties Llc
Bought by
1Mwp Llc
Seller's Agent
Pamm Seago-Peterlin
Century 21 Seago
Buyer's Agent
Sonya Hernandez
DPR Realty LLC
List Price
$129,900
Sold Price
$100,000
Premium/Discount to List
-$29,900
-23.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.69%

Purchase Details

Closed on
Feb 3, 2012
Sold by
Jcn Rental Properties 3 Llc
Bought by
Jmn Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.86%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 12, 2010
Sold by
Niles James
Bought by
Jcn Rental Properties 3 Llc

Purchase Details

Closed on
Mar 15, 2010
Sold by
Fannie Mae
Bought by
Niles James

Purchase Details

Closed on
Dec 1, 2009
Sold by
Henry Aaron
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 9, 2004
Sold by
Rascon Eduardo and Rascon Socorro
Bought by
Henry Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2000
Sold by
Krueger Gertrude
Bought by
Rascon Eduardo and Rascon Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,776
Interest Rate
7.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 -- --
Warranty Deed $500,000 Empire West Title
Warranty Deed $212,000 Fidelity Natl Title Agency I
Cash Sale Deed $178,000 Fidelity Natl Title Agency I
Interfamily Deed Transfer -- Fidelity Natl Title Agency I
Warranty Deed $158,000 First American Title Insuran
Cash Sale Deed $100,000 Fidelity National Title Agen
Warranty Deed -- Security Title Agency
Special Warranty Deed -- Security Title Agency
Quit Claim Deed -- None Available
Cash Sale Deed $54,000 Old Republic Title Agency
Trustee Deed $212,486 Accommodation
Warranty Deed $135,000 Tsa Title Agency
Joint Tenancy Deed $92,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $365,000 New Conventional
Previous Owner $208,160 FHA
Previous Owner $155,138 FHA
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Previous Owner $121,500 Commercial
Previous Owner $66,776 Commercial
Closed $18,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $212,000 -5.8% $96 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
09/18/2016 09/18/16 For Sale $225,000 +12.5% $102 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/09/2016 07/09/16 For Sale $200,000 +12.4% $91 / Sq Ft
06/07/2016 06/07/16 Sold $178,000 -11.0% $81 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $200,000 0.0% $91 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $200,000 +100.0% $91 / Sq Ft
06/14/2013 06/14/13 Sold $100,000 -23.0% $45 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $129,900 -- $59 / 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 $1,055 $8,116 -- --
2024 $1,043 $7,729 -- --
2023 $1,043 $36,470 $7,290 $29,180
2022 $1,002 $27,710 $5,540 $22,170
2021 $1,026 $21,700 $4,340 $17,360
2020 $1,001 $18,820 $3,760 $15,060
2019 $994 $16,070 $3,210 $12,860
2018 $974 $14,000 $2,800 $11,200
2017 $936 $12,330 $2,460 $9,870
2016 $900 $10,160 $2,030 $8,130
2015 $837 $8,630 $1,720 $6,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5435240

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-14-127