NOT LISTED FOR SALE

Estimated Value: $468,000 - $512,000

-- Bed
-- Bath
1,213 Sq Ft
$404/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $500,000 $412 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,059/month

38 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of June 2024

Beautiful brick duplex located in the heart of Central Phoenix. Tenant in Unit 1 has a lease until February 2025. Unit 2 is vacant. Each unit has 1 bedroom, 1 bath. Unit 2 had new windows installed 2022. Unit 1 had AC replaced about 5 years ago. Unit 2 had new gas lines installed.

Last Agent to Sell the Property

Janette Owen

A.Z. & Associates License #BR544979000 Listed on: 03/28/2024

A.Z. & Associates

Co-Listed By

Christopher Owen

A.Z. & Associates License #BR676748000

Last Buyer's Agent

John Kobierowski

ABI Multifamily License #BR046971000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,787

Year Built

  • Built in 1957

Lot Details

  • 6,490

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, cable TV, landscaping
  • The owner pays for gas, trash collection, water
  • Tax Lot 8
  • Assessor Parcel Number 117-22-008

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6500
  • Edgemere Place Subdivision

Building Details

  • Operating Expense $1,787
  • Gross Income $18,000
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,787

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 12th St./Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2023
  • Directions: At 12th St./Thomas, go South on 12 St. to home on the East side of the road.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: azreg01
  • Co List Office Phone: 602-456-7600
  • Subdivision Name: EDGEMERE PLACE
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stone, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Add'l Parking Avail, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Interior Amenities:Drapes2: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6500
  • Additional Parcels: No
  • Parcel #: 117-22-008

Multi Family

  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0
  • Property Net Operating Income: 32400.0
  • Annual Operating Expense: 1787.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1787.0
  • Tax Book Number: 117.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Badding Joan
Bought by
Jmb-38 Family Trust and Badding
Current Estimated Value
$531,256

Purchase Details

Closed on
Aug 10, 2024
Sold by
Thornton Rashad D
Bought by
Rashad D Thornton Living Trust and Thornton

Purchase Details

Listed on
Mar 28, 2024
Closed on
Jun 3, 2024
Sold by
Exon Belinda and Bloomingdale Gayle
Bought by
Thornton Rashad D
Seller's Agent
Janette Owen
A.Z. & Associates
Buyer's Agent
John Kobierowski
ABI Multifamily
List Price
$500,000
Sold Price
$500,000
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.98%
Original Mortgage
$490,943
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2005
Sold by
Rosenberg Philip
Bought by
Exon Belinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,100
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1999
Sold by
Shelter For The Homeless
Bought by
Eilander Louise and Harding Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,650
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 1998
Sold by
Hud
Bought by
Shelter For The Homeless

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,900
Interest Rate
7.07%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 1996
Sold by
Gridley Elise L and Pekkala Sylvia L
Bought by
Ge Capital Mtg Services Inc

Purchase Details

Closed on
Nov 20, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Hud
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
Jmb-38 Family Trust -- None Listed On Document
Rashad D Thornton Living Trust -- None Listed On Document
Thornton Rashad D $500,000 Exclusive Title
Exon Belinda -- Fidelity National Title
Exon Belinda $85,000 Fidelity National Title
Eilander Louise $56,525 Grand Canyon Title Agency In
Shelter For The Homeless -- First Southwestern Title
Ge Capital Mtg Services Inc -- First Southwestern Title
Hud -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thornton Rashad D $490,943
Previous Owner Exon Belinda $62,100
Previous Owner Eilander Louise $53,650
Previous Owner Shelter For The Homeless $55,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2024 06/03/24 Sold $500,000 0.0% $412 / Sq Ft
03/28/2024 03/28/24 For Sale $500,000 -- $412 / 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 $1,805 $13,495 -- --
2024 $1,787 $12,852 -- --
2023 $1,787 $40,900 $8,180 $32,720
2022 $1,724 $30,430 $6,080 $24,350
2021 $1,711 $27,560 $5,510 $22,050
2020 $1,730 $22,020 $4,400 $17,620
2019 $1,728 $19,150 $3,830 $15,320
2018 $1,698 $16,830 $3,360 $13,470
2017 $1,659 $14,980 $2,990 $11,990
2016 $1,611 $12,920 $2,580 $10,340
2015 $1,491 $13,320 $2,660 $10,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6683619

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-22-008