NOT LISTED FOR SALE

Estimated Value: $239,000 - $285,000

-- Bed
2 Baths
814 Sq Ft
$314/Sq Ft Est. Value

Last Sold November 26, 2012

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

Current estimated payment $1,388/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 Agent to Sell the Property

Scott Trevey

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

Last Buyer's Agent

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
Current Estimated Value
$256,000

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
-7.88%
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
Source: Public Records

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 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