NOT LISTED FOR SALE

Estimated Value: $565,000 - $820,415

8 Beds
-- Bath
2,960 Sq Ft
$242/Sq Ft Est. Value

Last Sold January 09, 2020

Last sale price $505,000 $171 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,847/month

76 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of January 2020

This is a REAL W/ALL Expenses an 7.87% CAP Rate with all of the correct numbers in. Excellent investment opportunity! Tenants even pay the water-sewer-trash. Quality remodel-how often do you have new electric, new pipes, new hot water heaters, new air-conditioners, new stackable washer and dryers, new cabinets, new bathtubs and tile surround along with new flooring and much more! Look in the Document Tab for info. Drive by only and no interior viewings without an accepted contract.Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 10/05/2019

Last Buyer's Agent

Corey Condit

eXp Realty License #BR584884000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1961

Lot Details

  • 7,318

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Assigned Parking

Schools

  • Roosevelt Elementary School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 5
  • Assessor Parcel Number 122-35-059

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7,318
  • Alicia 3 Subdivision

Building Details

  • Operating Expense $6,746
  • Gross Income $49,885
  • Net Operating Income $42,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,056

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 24TH Street and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3189.0
  • Subdivision Name: ALICIA 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: Roosevelt Elementary School

Lot Info

  • Lot Size: 7,318
  • Additional Parcels: No
  • Parcel #: 122-35-059

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 49885.16
  • Insurance Expense: 1301.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 42915.0
  • Annual Operating Expense: 6746.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1056.0
  • Tax Book Number: 122.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Danovich Sam
Bought by
Sam Danovich Properties Llc
Current Estimated Value
$717,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,500
Outstanding Balance
$341,264
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$375,840

Purchase Details

Listed on
Oct 5, 2019
Closed on
Dec 24, 2019
Sold by
Danovich Sam
Bought by
Sam Danovich Properties Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Corey Condit
eXp Realty
List Price
$585,000
Sold Price
$505,000
Premium/Discount to List
-$80,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$378,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2017
Sold by
Clift Kenneth and Clift Jacqueline
Bought by
Anderson Julie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,243
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2012
Closed on
Mar 25, 2013
Sold by
Rer Investments Llc
Bought by
Clift Kenneth and Clift Jacqueline
Seller's Agent
Diane Smith
Castle Rock Properties, Inc.
Buyer's Agent
Jennifer Ronning
eXp Realty
List Price
$94,000
Sold Price
$94,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.22%
Original Mortgage
$70,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2009
Sold by
Jarman Mike
Bought by
Jones Christie

Purchase Details

Closed on
Jan 8, 2009
Sold by
Dozier Paul R and Dozier Diane E
Bought by
Bay Holdings Inc

Purchase Details

Closed on
Dec 26, 2008
Sold by
Jarman Mike
Bought by
Jones Christie

Purchase Details

Closed on
Jun 8, 2007
Sold by
Dozier Paul R and Dozier Diane E
Bought by
Dozier Paul R and Dozier Diane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2006
Sold by
Dozier Paul R and Dozier Diane E
Bought by
Dozier Paul R and Dozier Diane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,250
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 23, 2005
Sold by
Dozier Paul R and Dozier Diane E
Bought by
Paul R & Diane E Dozier Family Revocable

Purchase Details

Closed on
Apr 11, 2001
Sold by
Dozier Diane E and Dozier Paul R
Bought by
Dozier Paul R and Dozier Diane E

Purchase Details

Closed on
Dec 20, 2000
Sold by
Goodwill Robert and Goodwill Michelle
Bought by
Dozier Paul R and Dozier Diane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.71%

Purchase Details

Closed on
Feb 25, 2000
Sold by
Lysek John A
Bought by
Goodwill Robert and Goodwill Michelle

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
8.5%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sam Danovich Properties Llc -- First Integrity Ttl Agcy Of
Danovich Sam -- First Integrity Ttl Agcy Of
Danovich Sam -- First Integrity Ttl Agcy Of
Sam Danovich Properties Llc -- Empire West Title Agency Llc
Danovich Sam $505,000 Empire West Title Agency Llc
Anderson Julie M $194,900 Great American Title Agency
Clift Kenneth $94,000 Grand Canyon Title Agency
Jones Christie -- Empire West Title Agency Llc
Jones Christie $55,000 Empire West Title Agency Llc
Bay Holdings Inc $60,000 None Available
Jones Christie -- Great American Title Agency
Dozier Paul R -- Great American Title Agency
Dozier Paul R -- American Title Svc Agency Ll
Dozier Paul R -- American Title Svc Agency Ll
Paul R & Diane E Dozier Family Revocable -- Tsa Title Agency
Dozier Paul R -- --
Dozier Paul R -- Capital Title Agency
Goodwill Robert $69,900 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danovich Sam $380,500
Closed Danovich Sam $378,750
Previous Owner Anderson Julie M $146,243
Previous Owner Clift Kenneth $70,500
Previous Owner Dozier Paul R $236,000
Previous Owner Dozier Paul R $55,250
Previous Owner Dozier Paul R $65,600
Previous Owner Goodwill Robert $55,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2020 01/09/20 Sold $505,000 -7.3% $171 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $545,000 -6.8% $184 / Sq Ft
10/04/2019 10/04/19 For Sale $585,000 +200.0% $198 / Sq Ft
04/14/2017 04/14/17 Sold $194,990 0.0% $66 / Sq Ft View Prior Sale
02/27/2017 02/27/17 Price Changed $194,990 -2.5% $66 / Sq Ft
10/12/2016 10/12/16 For Sale $199,900 +112.7% $68 / Sq Ft
04/03/2013 04/03/13 Sold $94,000 0.0% $127 / Sq Ft View Prior Sale
01/16/2013 01/16/13 Pending -- -- --
04/23/2012 04/23/12 For Sale $94,000 -- $127 / 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 $1,167 $7,740 -- --
2024 $1,105 $7,371 -- --
2023 $1,105 $44,610 $8,920 $35,690
2022 $1,082 $28,420 $5,680 $22,740
2021 $1,105 $22,520 $4,500 $18,020
2020 $1,091 $19,160 $3,830 $15,330
2019 $1,056 $17,220 $3,440 $13,780
2018 $1,027 $12,670 $2,530 $10,140
2017 $979 $12,060 $2,410 $9,650
2016 $931 $10,470 $2,090 $8,380
2015 $877 $8,520 $1,700 $6,820
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5987744

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-35-059