NOT LISTED FOR SALE

Estimated Value: $453,452 - $595,000

Studio
-- Bath
1,147 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: August 20, 2018

Last sale price $276,000 $241 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,912 / mo

2 Days on Market

About This Home

As of August 2018

THIS IS GREAT INVESTOR OPPORTUNITY WHETHER NEW OWNER LIVES ON-SIGHT OR OFF. ALL 1X1 UNITS,UPGRADED,FULLY RENTED WITH ON-TIME-PAYERS.AREA IS GROWING STRONG. CLOSE TO SHOPPING,COSTCO,HOME DEPOT,STARBUCKS,EASY ACCESS TO LOOP 101 AND SR51. PROPERTY IS GATED AND HIGH-WALLED FOR PRIVACY AND SECURITY. DRIVE-BY ONLY. DO NOT DISTURB TENANTS. VIEWING AFTER OFFER IS ACCEPTED.

Last Agent to Sell the Property

Trisha Oricht

AH Properties License #SA111419000 Listed on: 07/19/2018

Last Buyer's Agent

Desiree Bove

RETSY License #SA665466000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1983

Lot Details

  • 7,710

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Echo Mountain Primary Elementary School
  • Vista Verde Middle School
  • North Canyon High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 214-07-013-F

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 7722

Building Details

  • Operating Expense $2,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,265

Year Built

Built in 1983

Lot Details

7,710 Sq Ft Lot

Listing Details

  • Cross Street: Cave Creek Rd AND BELL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No 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:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Echo Mountain Primary School
  • High School: North Canyon High School
  • Middle Or Junior School: Vista Verde Middle School

Lot Info

  • Lot Size: 7722
  • Additional Parcels: No
  • Parcel #: 214-07-013-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Maintenance Expense: 750.0
  • Annual Operating Expense: 2365.0

Tax Info

  • Tax Annual Amount: 1265.0
  • Tax Book Number: 214.00
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 17, 2018
Sold by
Krn100 Michigan Llc
Bought by
Perez Andrew
Seller's Agent
Trisha Oricht
AH Properties
Buyer's Agent
Desiree Bove
RETSY
List Price
$285,000
Sold Price
$276,000
Premium/Discount to List
-$9,000
-3.16%
Current Estimated Value
$525,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,863
Avg. Annual Appreciation
8.78%
Original Mortgage
$271,000
Outstanding Balance
$236,150
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$289,713

Purchase Details

Listed on
Aug 6, 2017
Closed on
Nov 28, 2017
Sold by
Naderi Ali and Naderi Ladan
Bought by
Krn100 Michigan Llc
Seller's Agent
Michael Vallee
Real Broker
Buyer's Agent
Michael Vallee
Real Broker
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.04%
Original Mortgage
$187,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2017
Closed on
Oct 2, 2017
Sold by
Glessner Vallee Paula Louise and Vallee Michael Erin
Bought by
Naderi Ali and Naderi Ladan
Seller's Agent
Michael Vallee
Real Broker
Buyer's Agent
Michael Vallee
Real Broker
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2016
Sold by
Glessner Vallee Paula Louise
Bought by
Glessner Vallee Paula Louise and Vallee Michael Erin

Purchase Details

Closed on
Mar 26, 2014
Sold by
Vallee Michael Erin and Glessner Paula Louise
Bought by
Glessner Valle Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2013
Sold by
East Phoenix Management Llc
Bought by
Glessner Vallee Paula Louise and Vallee Michael Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2013
Sold by
Guerland Daniel
Bought by
East Phoenix Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2011
Sold by
Wholesale Properties Llc
Bought by
Guerland Daniel

Purchase Details

Closed on
Jun 27, 2010
Sold by
Cavasso Joel L
Bought by
Wholesale Properties Llc

Purchase Details

Closed on
Jun 15, 2010
Sold by
U S Bank National Association
Bought by
Cavasso Joel L

Purchase Details

Closed on
Apr 5, 2010
Sold by
Ross Douglas Scott
Bought by
Us Bank National Association

Purchase Details

Closed on
Sep 8, 2005
Sold by
Lynch Anthony Martin and Lynch Loan Ho
Bought by
Ross Donald Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 21, 2004
Sold by
Mikhaiel Esha and Mikhaiel Jacqueline
Bought by
Lynch Anthony Martin and Lynch Loan Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2003
Sold by
Toma Zia
Bought by
Toma Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2003
Sold by
Martinez Charlotte L
Bought by
Toma Gina and Mikhaiel Esha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 1999
Sold by
Waverly One Llc
Bought by
Martinez Charlotte L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
10.5%
Mortgage Type
Commercial
Source: Public Records
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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
Perez Andrew $276,000 Stewart Title & Trust Of Pho
Krn100 Michigan Llc -- None Available
Naderi Ali $250,000 Empire West Title Agency Llc
Glessner Vallee Paula Louise -- None Available
Glessner Valle Paula L -- Driggs Title Agency Inc
Glessner Vallee Paula Louise $135,000 Lawyers Title Of Arizona Inc
East Phoenix Management Llc $100,000 Lawyers Title Of Arizona Inc
Guerland Daniel $130,000 American Title Service Agenc
Wholesale Properties Llc -- Accommodation
Cavasso Joel L $63,000 Great American Title Agency
Us Bank National Association $70,000 Great American Title Agency
Ross Donald Scott $310,000 Commonwealth Title
Lynch Anthony Martin $255,000 Commonwealth Title
Toma Gina -- Lawyers Title Insurance Corp
Toma Gina $170,000 Lawyers Title Insurance Corp
Martinez Charlotte L $120,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Andrew $271,000
Previous Owner Naderi Ali $187,500
Previous Owner Glessner Valle Paula L $84,000
Previous Owner Glessner Vallee Paula Louise $50,000
Previous Owner East Phoenix Management Llc $70,000
Previous Owner Ross Donald Scott $248,000
Previous Owner Lynch Anthony Martin $199,200
Previous Owner Toma Gina $127,500
Previous Owner Martinez Charlotte L $88,000
Closed Lynch Anthony Martin $24,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2018 08/20/18 Sold $276,000 -3.2% $241 / Sq Ft
07/18/2018 07/18/18 For Sale $285,000 +14.0% $248 / Sq Ft
10/05/2017 10/05/17 Sold $250,000 -- $218 / Sq Ft View Prior Sale
08/22/2017 08/22/17 Pending -- -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,485 $14,534 -- --
2024 $1,416 $13,842 -- --
2023 $1,416 $34,670 $6,930 $27,740
2022 $1,402 $22,810 $4,560 $18,250
2021 $1,406 $20,030 $4,000 $16,030
2020 $1,363 $17,170 $3,430 $13,740
2019 $1,365 $17,380 $3,470 $13,910
2018 $1,320 $16,880 $3,370 $13,510
2017 $1,265 $15,450 $3,090 $12,360
2016 $1,244 $12,330 $2,460 $9,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5795623

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-07-013F

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