NOT LISTED FOR SALE

Estimated Value: $689,000 - $936,000

Studio
1 Bath
562 Sq Ft
$1,404/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $526,000 $936 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,502/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2020

NEW BUILD DUPLEX! This outstanding NEW BUILD is less than a mile from either the 202 or 51 & just 2.5 miles South of The Biltmore Shops. Each 1259 sq ft unit features 3 bedrooms, 2 bathrooms, inside laundry, all tile flooring without carpet, ceiling fans, tiled showers and beautiful kitchen. Front unit has attached 2 car garage. Each kitchen includes new stainless steel appliances, white wood cabinets, breakfast bar and large walk in pantry! This brand new build duplex is the perfect investment opportunity for anyone looking for an income property!

Last Agent to Sell the Property

Luke Basler

Realty ONE Group License #SA663350000 Listed on: 05/01/2020

Co-Listed By

Troy Jones

Realty ONE Group License #SA582906000

Last Buyer's Agent

Jennifer Haugebak

Real Broker License #SA682151000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,067

Year Built

  • Built in 2020

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 3 / 1
  • Assessor Parcel Number 117-08-003

Community Details

Overview

  • 2 Units
  • Building Dimensions are 51x137
  • Avalon Blks 1 4 Subdivision

Building Details

  • Operating Expense $1,067
  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,067

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Cross Street: 24th St & Thomas Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2020
  • Tax Year: 2019
  • Road Surface Type: Concrete
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: AVALON BLKS 1-4
  • Garage Yn: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: 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:Landscape Wtr System: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 51x137
  • Additional Parcels: No
  • Parcel #: 117-08-003

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 2
  • Annual Gross Income: 43200.0
  • Annual Operating Expense: 1067.0

Tax Info

  • Tax Annual Amount: 1067.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Jun 19, 2020
Sold by
Caam House Llc
Bought by
Olson Alexander T
Seller's Agent
Luke Basler
Realty ONE Group
Buyer's Agent
Jennifer Haugebak
Real Broker
List Price
$549,000
Sold Price
$526,000
Premium/Discount to List
-$23,000
-4.19%
Current Estimated Value
$788,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,775
Avg. Annual Appreciation
7.59%
Original Mortgage
$420,800
Outstanding Balance
$373,007
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$415,768

Purchase Details

Closed on
May 6, 2019
Sold by
Bertlesman Thomas B and Bertlesman Sally A
Bought by
Caam House Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2018
Sold by
Russell P Black Pllc
Bought by
Bertlesman Thomas B and Bertlesman Sally A

Purchase Details

Closed on
Apr 25, 2018
Sold by
Pringle Andrew Lawrence and Mccracken Cheri L
Bought by
Russell P Black Pllc
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
Olson Alexander T $526,000 Great American Title Agency
Caam House Llc $85,000 Great American Ttl Agcy Inc
Bertlesman Thomas B $500,000 Premier Title Agency
Russell P Black Pllc $400,000 Premier Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Alexander T $420,800
Previous Owner Caam House Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2020 06/23/20 Sold $526,000 -4.2% $936 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $549,000 0.0% $977 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $549,000 -- $977 / 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 $4,531 $37,926 -- --
2024 $4,304 $36,120 -- --
2023 $4,304 $59,530 $11,900 $47,630
2022 $4,121 $49,100 $9,820 $39,280
2021 $4,275 $45,220 $9,040 $36,180
2020 $634 $10,620 $10,620 $0
2019 $630 $11,020 $2,200 $8,820
2018 $1,045 $9,530 $1,900 $7,630
2017 $1,005 $7,860 $1,570 $6,290
2016 $310 $4,100 $820 $3,280
2015 $256 $3,320 $660 $2,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6072670

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-08-003