NOT LISTED FOR SALE

Estimated Value: $423,000 - $1,019,000

-- Bed
8 Baths
1,548 Sq Ft
$541/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $445,000 $287 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,806/month

4 Days on Market

Highlights

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

About This Home

As of September 2019

Central Phoenix 4 unit building with all large 2 bedroom units. Strong rental area in Harvard Place, near Arcadia lite and Camelback East. Rents are below market at $810/$810/$765/$783. All long-term tenants on month-to-month leases. In the path of redevelopment with numerous new construction projects in process nearby. Several recent upgrades. Master metered, owner currently pays utilities. No unit showings until escrow. Buyer to complete and rely on own due diligence. Long term local owner, self-managed. OM in documents.

Last Listed By

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 09/11/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1986

Lot Details

  • 6,360

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 200
  • Assessor Parcel Number 120-33-022-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6362
  • East Thomas Road Tr 5 Subdivision

Building Details

  • Operating Expense $1,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,596

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 24TH ST & OAK ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2019
  • Directions: Corner of 27th St & Oak.
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST THOMAS ROAD TR 5
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 6362
  • Additional Parcels: No
  • Parcel #: 120-33-022-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1596.0

Tax Info

  • Tax Annual Amount: 1596.0
  • Tax Book Number: 120.00
  • Tax Lot: 200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2023
Sold by
Gorgeous Gary James Llc
Bought by
Nakauchi Gary
Total Days on Market
4
Current Estimated Value
$837,392

Purchase Details

Closed on
Aug 31, 2020
Sold by
Nakauchi Gary James
Bought by
Gorgeous Gary James Llc

Purchase Details

Listed on
Sep 11, 2019
Closed on
Sep 24, 2019
Sold by
Nakauchi Gary James
Bought by
Lee Merida Maricla
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Merida Lee
Nexthome Prime Real Estate
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%

Purchase Details

Closed on
Apr 16, 2013
Sold by
Dealba Oscar and Dealba Ana E
Bought by
Florez Diego and Flores Crista Hall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,571
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 15, 2009
Sold by
Noren Timothy S and Noren Susan
Bought by
Deadeoscar and Adeana E

Purchase Details

Closed on
Apr 7, 1999
Sold by
T & S Investments Llc
Bought by
Noren Timothy S and Noren Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.98%
Mortgage Type
Commercial

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
Nakauchi Gary -- --
Gorgeous Gary James Llc -- None Available
Lee Merida Maricla -- Great American Ttl Agcy Inc
Nakauchi Gary James $445,000 Great American Title Agency
Florez Diego $150,000 Chicago Title Agency Inc
Deadeoscar -- Chicago Title
Noren Timothy S -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nakauchi Gary $462,500
Previous Owner Florez Diego $12,571
Previous Owner Noren Timothy S $54,350
Previous Owner Noren Timothy S $73,000
Previous Owner T & S Investment Llc $75,000
Previous Owner Gunderson Paula $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $445,000 -1.1% $287 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $450,000 -- $291 / 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 $1,694 $13,028 -- --
2024 $1,674 $12,408 -- --
2023 $1,674 $44,380 $8,870 $35,510
2022 $1,609 $32,170 $6,430 $25,740
2021 $1,648 $26,460 $5,290 $21,170
2020 $1,608 $21,960 $4,390 $17,570
2019 $1,596 $19,850 $3,970 $15,880
2018 $1,563 $16,820 $3,360 $13,460
2017 $1,503 $16,360 $3,270 $13,090
2016 $1,445 $14,010 $2,800 $11,210
2015 $1,344 $11,850 $2,370 $9,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5976989

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-33-022B