NOT LISTED FOR SALE

Estimated Value: $555,929 - $1,148,000

-- Bed
-- Bath
3,842 Sq Ft
$235/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $250,000 $65 Per Sq Ft

Est. 261% increase in value since last sale

Current estimated payment $5,025/month

84 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of January 2014

Large 4-plex, with great unit mix; 2 each 3 bed/2 bath, 1 each 2/1 and 1 each 1/1. Units with private backyards, washer/dryer hookups and ceiling fans. Paved, off-street parking close to major freeways, shopping, medical and parks. Showings on accepted contract only. All facts and figures approximate including MLS info.

Last Agent to Sell the Property

Jim Swindle

Better Homes & Gardens Real Estate SJ Fowler License #BR639712000 Listed on: 09/16/2013

Co-Listed By

Marty Horton

Better Homes & Gardens Real Estate SJ Fowler License #SA029704000

Last Buyer's Agent

Teresa Fitzrandolph

HomeSmart License #BR004712000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,128

Year Built

  • Built in 1975

Lot Details

  • 0.29

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 189
  • Assessor Parcel Number 120-33-005

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 10,087 sf
  • East Thomas Rd Tr 5 Subdivision

Building Details

  • Operating Expense $4,568
  • Gross Income $27,930
  • Net Operating Income $22,362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,128

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Thomas / 28th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: East Thomas Rd TR 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: 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: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: 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
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2640.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10,087 sf
  • Additional Parcels: No
  • Parcel #: 120-33-005

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27930.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 22362.0
  • Annual Operating Expense: 4568.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1128.0
  • Tax Book Number: 120.00
  • Tax Lot: 189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2018
Sold by
Armenta Jorge R and Chavez Monica Lopez
Bought by
Armenta Jorge R and Chavez Monica Lopez
Current Estimated Value
$901,732

Purchase Details

Listed on
Sep 16, 2013
Closed on
Dec 10, 2013
Sold by
Quintana Vidal and Quintana Irene
Bought by
Armenta Jorge R and Chavez Monica Lopez
Seller's Agent
Jim Swindle
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Teresa Fitzrandolph
HomeSmart
List Price
$250,000
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
11.38%
Original Mortgage
$187,500
Outstanding Balance
$141,514
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$760,218
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Armenta Jorge R -- None Available
Armenta Jorge R $250,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armenta Jorge R $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2014 01/17/14 Sold $250,000 0.0% $65 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $250,000 -- $65 / 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 $3,539 $26,204 -- --
2024 $3,367 $24,956 -- --
2023 $3,367 $64,870 $12,970 $51,900
2022 $3,189 $47,850 $9,570 $38,280
2021 $3,271 $38,930 $7,780 $31,150
2020 $3,191 $29,280 $5,850 $23,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4999492

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-33-005A