NOT LISTED FOR SALE

Estimated Value: $247,000 - $256,000

-- Bed
2 Baths
814 Sq Ft
$308/Sq Ft Est. Value

Last Sold November 26, 2012

Last sale price $755,000 $928 Per Sq Ft

Current estimated payment $1,432/month

16 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of November 2012

SHORT SALE- All offers subject to bank approval. Built in 1981, Casitas Robles consists of 3 two-story frame and stucco buildings. The 22 unit building contains 16 1-bed/1-bath units and 6 2-bed/2bath units. Units offer ceramic tiled flooring and individual stackable washer-dryer hook-ups. The property is individually metered for electricity and has pitched composition roofing and copper plumbing. Amenities include a pool, laundry room and covered parking.

Last Listed By

Scott Trevey

REI Marketing License #SA539099000 Listed on: 10/16/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1981

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 28 Parking Spaces
  • 23 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 120-14-075

Community Details

Overview

  • 3 Buildings
  • 22 Units
  • Building Dimensions are irregular

Recreation

  • Heated Community Pool

Building Details

  • Gross Income $113,306
  • Net Operating Income $70,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 36th St at Monte Vista Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-F
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2012
  • Directions: Thomas Rd. to 36th Street, south to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6800.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 23.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 23.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 7430.0
  • Trash Expense: 3010.0
  • Annual Water Sewer Expense: 13320.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: Yes
  • Parcel #: 120-14-075

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 22
  • Electric Expense: 1682.0
  • Annual Gross Income: 113305.5
  • Insurance Expense: 3160.0
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 70452.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 3262.0
  • Tax Book Number: 120.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2016
Sold by
South 50 Casitas Lp
Bought by
Susiaks Llc
Total Days on Market
16
Current Estimated Value
$250,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$628,297
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
-$365,297

Purchase Details

Listed on
Oct 16, 2012
Closed on
Dec 26, 2012
Sold by
Schulz Edward F and Buckley Judy M
Bought by
South 50 Casitas Lp
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Scott Trevey
REI Marketing
List Price
$765,000
Sold Price
$755,000
Premium/Discount to List
-$10,000
-1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.09%
Original Mortgage
$300,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2004
Sold by
Elhindi M Y and Elhindi J
Bought by
Schulz Edward E and Buckley Judy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Interest Rate
5.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2002
Sold by
Phoenix Income Properties Ltd
Bought by
Elhindi Mohammad Y

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 Buyer Sale Price Title Company
Susiaks Llc $1,405,000 Commonwealth Land Title Ins
South 50 Casitas Lp $755,000 American Title Service Agenc
Schulz Edward E $1,130,000 Capital Title Agency Inc
Elhindi Mohammad Y $565,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Susiaks Llc $775,000
Previous Owner South 50 Capital Lp $100,000
Previous Owner South 50 Casitas Lp $300,000
Previous Owner Schulz Edward E $847,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2012 11/26/12 Sold $755,000 -1.3% $928 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $765,000 -- $940 / 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 $357 $2,749 -- --
2024 $353 $2,618 -- --
2023 $353 $19,290 $3,140 $16,150
2022 $339 $14,870 $2,420 $12,450
2021 $348 $14,120 $2,300 $11,820
2020 $339 $12,590 $2,050 $10,540
2019 $337 $9,330 $1,520 $7,810
2018 $330 $5,890 $960 $4,930
2017 $317 $3,120 $620 $2,500
2016 $305 $3,060 $610 $2,450
2015 $284 $3,530 $700 $2,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4835625

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-14-075