NOT LISTED FOR SALE
2 Beds
2 Baths
875 Sq Ft
1983 Built

Sale Details

Date Sold: July 30, 2021

Last sale price $1,675,000 $1,914 Per Sq Ft

110 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Ceiling Fan

About This Home

As of July 2021

This 12 unit property is an investor's dream! 100% occupied and all units are 2 bedroom 2 baths. Units average 864 square feet. There have been major renovations in the last few years. Property is performing well and there is room for upside.

Last Agent to Sell the Property

S. Curtis Wieler

Century 21 Arizona Foothills License #BR560263000 Listed on: 01/13/2021

Century 21 Arizona Foothills

Last Buyer's Agent

Dalat Nguyen

My Home Group Real Estate License #SA534495000

My Home Group Real Estate
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,874

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 209-07-023-D

Community Details

Overview

  • 12 Units
  • Building Dimensions are 13094
  • Black Canyon Heights Subdivision

Building Details

  • Operating Expense $24,274
  • Gross Income $123,120
  • Net Operating Income $98,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,874

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Deer Valley/ 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: BLACK CANYON HEIGHTS
  • Tax Parcel Letter: D
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 4400.0
  • Annual Water Sewer Expense: 8500.0

Schools

  • Junior High Dist: Deer Valley Unified District

Lot Info

  • Lot Size: 13094
  • Additional Parcels: No
  • Parcel #: 209-07-023-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Electric Expense: 2400.0
  • Annual Gross Income: 123120.0
  • Insurance Expense: 3500.0
  • Property Net Operating Income: 98846.0
  • Annual Operating Expense: 24274.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3874.0
  • Tax Book Number: 209.00
  • Tax Lot: 23

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Jul 15, 2021
Sold by
Bought by
Seller's Agent
S. Curtis Wieler
Century 21 Arizona Foothills
Buyer's Agent
Dalat Nguyen
My Home Group Real Estate
List Price
$1,775,000
Sold Price
$1,675,000
Premium/Discount to List
-$100,000
-5.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,500
Outstanding Balance
$954,450
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Listed on
May 26, 2018
Closed on
Nov 8, 2018
Sold by
Bought by
Seller's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,199,000
Sold Price
$1,020,000
Premium/Discount to List
-$179,000
-14.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.00%
Original Mortgage
$765,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 22, 2015
Closed on
Nov 20, 2015
Sold by
Bought by
Seller's Agent
Lori Souza
Connect Realty
Buyer's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.63%

Purchase Details

Closed on
Nov 30, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 9, 2009
Sold by
Bought by

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
5.03%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 29, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 25, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$602,500 Magnus Title Agency Llc
$1,020,000 First American Title Insuran
$600,000 Fidelity Natl Title Agency
$360,000 Security Title Agency
$387,500 Chicago Title Insurance Co
$750,000 Capital Title Agency Inc
$600,000 Lawyers Title Ins
$445,000 Lawyers Title Insurance Corp
-- --
-- --
$385,000 Chicago Title Insurance Co
$120,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,072,500
Previous Owner $765,000
Previous Owner $270,000
Previous Owner $187,500
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $1,675,000 -5.6% $1,914 / Sq Ft
07/09/2021 07/09/21 For Sale $1,775,000 0.0% $2,029 / Sq Ft
07/09/2021 07/09/21 Price Changed $1,775,000 0.0% $2,029 / Sq Ft
06/09/2021 06/09/21 For Sale $1,775,000 0.0% $2,029 / Sq Ft
06/09/2021 06/09/21 Price Changed $1,775,000 0.0% $2,029 / Sq Ft
01/13/2021 01/13/21 For Sale $1,775,000 +74.0% $2,029 / Sq Ft
11/09/2018 11/09/18 Sold $1,020,000 -10.5% $1,166 / Sq Ft View Prior Sale
10/09/2018 10/09/18 Price Changed $1,140,000 0.0% $1,303 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/06/2018 08/06/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $1,140,000 -3.0% $1,303 / Sq Ft
07/12/2018 07/12/18 Price Changed $1,175,000 -2.0% $1,343 / Sq Ft
06/11/2018 06/11/18 For Sale $1,199,000 0.0% $1,370 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $1,199,000 +99.8% $1,370 / Sq Ft
11/25/2015 11/25/15 Sold $600,000 -4.0% $686 / Sq Ft View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $625,000 0.0% $714 / Sq Ft
09/14/2015 09/14/15 Price Changed $675 0.0% $1 / Sq Ft
09/14/2015 09/14/15 For Rent $675 -2.9% --
08/01/2015 08/01/15 Rented $695 0.0% --
06/16/2015 06/16/15 Off Market $695 -- --
06/16/2015 06/16/15 For Rent $695 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,092 $39,889
2024 $3,974 $37,990
2023 $3,974 $93,250 $18,650 $74,600
2022 $3,841 $78,260 $15,650 $62,610
2021 $3,943 $74,760 $14,950 $59,810
2020 $3,874 $61,530 $12,300 $49,230
2019 $3,762 $55,270 $11,050 $44,220
2018 $3,644 $52,310 $10,460 $41,850
2017 $3,526 $45,480 $9,090 $36,390
2016 $3,345 $43,880 $8,770 $35,110
2015 $2,998 $39,120 $7,820 $31,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6180387

Arizona Regional Multiple Listing Service (ARMLS)
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