NOT LISTED FOR SALE

Estimated Value: $462,000 - $683,000

-- Bed
-- Bath
1,798 Sq Ft
$334/Sq Ft Est. Value

Last Sold March 25, 2015

Last sale price $209,000 $116 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $3,271/month

5 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of March 2015

Wonderful, spacious duplex in a highly desirable area near Arcadia and Old Town Scottsdale! One unit is 2 Bedroom/2 Bath, the other is 2 Bedroom/1 Bath. Each unit has a private fenced backyard with covered patio, separate laundry room and covered parking. All appliances included! Convenient to shopping, restaurants, hiking, schools, freeways, airport. Great investment opportunity – can be 2 rentals, or live in one unit and rent the other!

Last Agent to Sell the Property

Cindy Lewis and Krause

American Realty Brokers License #SA561745000 Listed on: 02/21/2015

Last Buyer's Agent

Terry Smith

Continental Realty Network License #BR003523000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $784

Year Built

  • Built in 1965

Lot Details

  • 6,055

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Griffith Elementary School
  • Orangedale Junior High Prep Academy
  • Camelback High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Tax Lot 11
  • Assessor Parcel Number 126-16-077-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6047

Building Details

  • Operating Expense $784

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$784

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: 52nd Street and Oak
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2014
  • Directions: From 52nd Street, travel West on Oak to 51st Place. Turn right (North). Property on right. (East side)
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: amer01
  • Co List Office Phone: 602-955-6606
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, 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: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Orangedale Junior High Prep Academy

Lot Info

  • Lot Size: 6047
  • Additional Parcels: No
  • Parcel #: 126-16-077-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 784.4

Tax Info

  • Tax Annual Amount: 784.4
  • Tax Book Number: 126.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2015
Closed on
Mar 26, 2015
Sold by
Glenn Lucinda Erlene
Bought by
Kallen Candace E and Towne Christopher A
Seller's Agent
Cindy Lewis and Krause
American Realty Brokers
Buyer's Agent
Terry Smith
Continental Realty Network
List Price
$219,900
Sold Price
$209,000
Premium/Discount to List
-$10,900
-4.96%
Current Estimated Value
$600,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,512
Avg. Annual Appreciation
11.42%
Original Mortgage
$205,214
Outstanding Balance
$162,328
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$489,822

Purchase Details

Closed on
Jan 21, 2014
Sold by
Scheer Scheer Lawrence Lawrence and Scheer Helen Erlene
Bought by
Glenn Lucinda Erlene

Purchase Details

Closed on
Dec 28, 2007
Sold by
Scheer Lawrence E
Bought by
Scheer Helen Erlene and Scheer Lawrence Earnest

Purchase Details

Closed on
Apr 21, 1997
Sold by
Thompson Margaret L Garrett
Bought by
Scheer Lawrence E and Erlene Scheer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.15%

Purchase Details

Closed on
Feb 15, 1995
Sold by
Thompson David M
Bought by
Thompson Margaret L Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
6.2%
Mortgage Type
New Conventional
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
Kallen Candace E $209,000 Intravest Title Agency Inc
Glenn Lucinda Erlene -- None Available
Scheer Scheer Lawrence Lawrence -- None Available
Scheer Helen Erlene -- None Available
Scheer Lawrence E $90,000 Lawyers Title Of Arizona Inc
Thompson Margaret L Garrett -- Lawyers Title
Thompson Margaret L Garrett $88,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kallen Candace E $205,214
Previous Owner Scheer Lawrence E $72,000
Previous Owner Thompson Margaret L Garrett $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2015 03/25/15 Sold $209,000 -5.0% $116 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $219,900 -- $122 / 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 $1,041 $9,924 -- --
2024 $1,032 $9,452 -- --
2023 $1,032 $36,270 $7,250 $29,020
2022 $991 $28,280 $5,650 $22,630
2021 $1,021 $25,320 $5,060 $20,260
2020 $1,001 $22,180 $4,430 $17,750
2019 $999 $19,150 $3,830 $15,320
2018 $935 $14,780 $2,950 $11,830
2017 $893 $13,900 $2,780 $11,120
2016 $873 $11,270 $2,250 $9,020
2015 $822 $8,350 $1,670 $6,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5240048

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-16-077A