2301 E Yale St Phoenix, AZ 85006
Estimated Value: $324,000 - $435,000
--
Bed
2
Baths
976
Sq Ft
$391/Sq Ft
Est. Value
Highlights
- RV or Boat Parking
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Phoenix Coding Academy Rated A
About This Home
As of October 2015HUGE PRICE REDUCTION!!! CALLING ALL INVESTORS AND/OR ALL BUYERS WANTING TO HAVE HELP PAYING THEIR MORTGAGE!!! A Single-family main house up front that is 976 sq ft w/3 beds & 1 full bath, & private fenced yard. The guest house is completely separate with 880 sq. ft. & 1 bedroom & 1 full bath plus it's own covered carport & storage area. Both houses have their own street frontage & their own private driveways. There is also an RV gate in between the two homes for extra parking. This IS an excellent income property or would be great for a person to buy & live in the main house & rent out the guest house to help cover their mortgage. Look at the 9% current CAP RATE for your investors & with the Current Rents Below The Market Rents..This GREAT Income Property Could Easily have a 10+% CAP RATE Main house rents for $775 and Guest House rents for $550. Both are long term, excellent tenants & these are. BELOW current market rental rates!!! Both tenants are NOW month to month. Owner ONLY pays water, sewer and trash.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $575
Year Built
- Built in 1940
Lot Details
- 6,142
Home Design
- Wood Frame Construction
- Composition Roof
- Siding
Flooring
- Carpet
- Ceramic Tile
Parking
- 3 Open Parking Spaces
- 4 Parking Spaces
- 1 Covered Space
- Common or Shared Parking
- Free Parking
- Paved Parking
- On-Street Parking
- RV or Boat Parking
Schools
- Creighton Elementary School
- Camelback High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Master Water Meter
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 2301
- Assessor Parcel Number 117-08-160
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are 6120
Building Details
- Operating Expense $2,515
- Net Operating Income $13,385
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2015
Closed on
Oct 22, 2015
Sold by
Barkdoll Properties Llc
Bought by
Lenz Jory P
Seller's Agent
Susan Jordan
Grace Realty Group, LLC
Buyer's Agent
Darlene Watson
Barrett Real Estate
List Price
$180,000
Sold Price
$143,200
Premium/Discount to List
-$36,800
-20.44%
Total Days on Market
156
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,186
Avg. Annual Appreciation
11.92%
Original Mortgage
$114,560
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2011
Sold by
Barkdoll Jason A
Bought by
Barkdollproperties Llc
Purchase Details
Closed on
May 6, 2011
Sold by
Kessler John
Bought by
Barkdoll Jason A
Purchase Details
Closed on
Aug 15, 2005
Sold by
Bohr Jonathan Christian and Bohr Frances A
Bought by
Kessler John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
3%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Oct 27, 2003
Sold by
Bohr Thomas Jonathan
Bought by
Bohr Jonathan Christian and Bohr Jonathan C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
5.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Mar 24, 1994
Sold by
Williams
Bought by
Bohr Jonathan C and Bohr Diana L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Phoenix, AZ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lenz Jory P | $143,200 | Security Title Agency Inc | |
| Barkdollproperties Llc | -- | None Available | |
| Barkdoll Jason A | $50,000 | North American Title Company | |
| Kessler John | $199,500 | Fidelity National Title | |
| Bohr Jonathan Christian | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lenz Jory P | $100,000 | |
| Open | Lenz Jory P | $260,937 | |
| Closed | Lenz Jory P | $136,000 | |
| Closed | Lenz Jory P | $114,560 | |
| Previous Owner | Kessler John | $159,600 | |
| Previous Owner | Bohr Jonathan C | $66,000 | |
| Closed | Kessler John | $19,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/26/2015 10/26/15 | Sold | $143,200 | -20.4% | $147 / Sq Ft |
| 09/19/2015 09/19/15 | Pending | -- | -- | -- |
| 04/16/2015 04/16/15 | For Sale | $180,000 | -- | $184 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $687 | $5,982 | -- | -- |
| 2024 | $679 | $5,697 | -- | -- |
| 2023 | $679 | $30,470 | $6,090 | $24,380 |
| 2022 | $650 | $23,680 | $4,730 | $18,950 |
| 2021 | $674 | $20,620 | $4,120 | $16,500 |
| 2020 | $657 | $18,730 | $3,740 | $14,990 |
| 2019 | $653 | $15,660 | $3,130 | $12,530 |
| 2018 | $639 | $14,380 | $2,870 | $11,510 |
| 2017 | $613 | $11,710 | $2,340 | $9,370 |
| 2016 | $588 | $8,720 | $1,740 | $6,980 |
| 2015 | $617 | $7,400 | $1,480 | $5,920 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Jordan
Seller's Agent in 2015
Susan Jordan
Grace Realty Group, LLC
(480) 628-7023
37 Total Sales
-
Darlene Watson
Buyer's Agent in 2015
Darlene Watson
Barrett Real Estate
(602) 628-4448
82 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5266612
APN: 117-08-160
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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