NOT LISTED FOR SALE

Estimated Value: $340,000 - $802,000

Studio
3 Baths
1,564 Sq Ft
$364/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $140,000 $90 Per Sq Ft

Est. 307% increase in value since last sale

Current estimated payment $3,026/month

3 Days on Market

Highlights

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

About This Home

As of March 2016

Total of three units, the duplex was built in 1960 the single family unit in 1940. Large corner lot. plenty of surface parking around complex. Single family home is a one bedroom, one bath. Duplex units are 2 bedrooms, 1 bath units.

Last Agent to Sell the Property

Timothy Mullan

HomeSmart License #SA510339000 Listed on: 02/15/2016

HomeSmart

Last Buyer's Agent

Anne Hillyard

HomeSmart Realty License #SA642499000

HomeSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $650

Year Built

  • Built in 1960

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 46
  • Assessor Parcel Number 117-05-102

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 11500
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $6,750
  • Gross Income $17,344
  • Net Operating Income $11,243

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$650

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 16th St & Oak
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Dirt, Gravel
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, W/D Hookup

Exterior Features

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

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Varies by Unit
  • Heating: Natural Gas, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11500
  • Additional Parcels: No
  • Parcel #: 117-05-102

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 3
  • Annual Gross Income: 17343.6
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 11243.0
  • Annual Operating Expense: 6750.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 650.0
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2022
Sold by
Kirkpatrick and Candida
Bought by
Kirkpatrick Properties Llc
Current Estimated Value
$569,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$313,315
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$255,893

Purchase Details

Listed on
Feb 15, 2016
Closed on
Mar 7, 2016
Sold by
G Quad Llc
Bought by
Kirkpatrick Properties Llc
Seller's Agent
Timothy Mullan
HomeSmart
Buyer's Agent
Anne Hillyard
HomeSmart Realty
List Price
$125,000
Sold Price
$140,000
Premium/Discount to List
$15,000
12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.09%

Purchase Details

Closed on
Sep 29, 2003
Sold by
Genrich Tim and Genrich Connie
Bought by
Quad G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2003
Sold by
Lane Spencer and Lane Shelly
Bought by
Genrich Tim and Genrich Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 1997
Sold by
Coin Barbara J and Herman Norman Walter
Bought by
Coin Barbara
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
Kirkpatrick Properties Llc -- --
Kirkpatrick Chad -- Security Title
Kirkpatrick Properties Llc $140,000 First Arizona Title Agency
Quad G -- --
Genrich Tim $135,000 Westland Title Agency
Coin Barbara -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirkpatrick Chad $335,000
Closed Kirkpatrick Properties Llc $335,000
Previous Owner Genrich Tim $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2016 03/11/16 Sold $140,000 +12.0% $90 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $125,000 -- $80 / Sq Ft
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 $1,239 $9,172 -- --
2024 $1,179 $8,735 -- --
2023 $1,179 $41,220 $8,240 $32,980
2022 $1,078 $31,220 $6,240 $24,980
2021 $1,110 $24,770 $4,950 $19,820
2020 $1,082 $21,510 $4,300 $17,210
2019 $1,075 $18,080 $3,610 $14,470
2018 $1,052 $14,160 $2,830 $11,330
2017 $1,011 $13,720 $2,740 $10,980
2016 $971 $11,510 $2,300 $9,210
2015 $904 $9,700 $1,940 $7,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5399087

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-05-102

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