NOT LISTED FOR SALE

Casa Grande, AZ 85122

Estimated Value: $257,000 - $287,000

-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Last Sold June 23, 2023

Last sale price $140,000

Est. 97% increase in value since last sale

Current estimated payment $1,503/month

About This Home

As of June 2023

Currently 2 residences on this parcel, both rented out with long term tenants. Unit A is a 2/1 and Unit B is a 1/1. This is 2 lots combined into one making it almost 1/3 acre. R-2 zoning allows for single family and multifamily (duplex/triplex/4-plex). Per the new Casa Grande general plan, there are planned zoning changes allowing for manufactured/mobile homes to be installed via a conditional use permit. Easy Access to I-10, I-8, Walmart Distro Center, Lucid, Kohler, and more! Low taxes. Solid CAP rate and cash flow with current tenant but also opportunity to increase rents. Don't let this opportunity pass you by!

Last Agent to Sell the Property

Christopher Adams

Realty Executives Brokerage Phone: 480-399-2007 License #SA672809000 Listed on: 06/17/2023

Last Buyer's Agent

Pedro Hernandez Murillo

eXp Realty License #SA694901000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $588

Year Built

  • Built in 1937

Lot Details

  • 0.32

Home Design

  • Wood Frame Construction

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 22 / 5
  • Assessor Parcel Number 507-09-095

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 100x140
  • Burgess Addition Subdivision

Building Details

  • Operating Expense $588
  • Gross Income $15,600
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$588

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Cross Street: Florence Street & Date Ave
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1937
  • Tax Year: 2022
  • Directions: From Jimmie Kerr / Main Ave, go south on Florence Street, east on Date Ave. Property will be at the corner of Date & Elliot.
  • Attribution Contact: 480-399-2007
  • Road Surface Type: Asphalt
  • Subdivision Name: BURGESS ADDITION
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame
  • Roof: Other

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Casa Grande Union High School District

Lot Info

  • Lot Size: 100x140
  • Additional Parcels: No
  • Parcel #: 507-09-095

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Property Net Operating Income: 15000.0
  • Annual Operating Expense: 588.0

Tax Info

  • Tax Annual Amount: 588.0
  • Tax Block: 5
  • Tax Book Number: 507.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Aug 15, 2023
Sold by
Pedro Hernandez Murillo Pllc
Bought by
Murillo Pedro Hernandez
Seller's Agent
Christopher Adams
Realty Executives
Buyer's Agent
Pedro Hernandez Murillo
eXp Realty
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%
Current Estimated Value
$275,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,474
Avg. Annual Appreciation
35.28%
Original Mortgage
$163,100
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2013
Sold by
Reyna Juan Manuel and Arnold Reyna Pamela Kay
Bought by
Reyna Juan Manuel

Purchase Details

Closed on
Jun 12, 2007
Sold by
Reyna Juan Manuel and Reyna Maria Del Carmen
Bought by
Reyna Juan Manuel and Arnold Reyna Pamela Kay

Purchase Details

Closed on
Jan 24, 2001
Sold by
Warchol Virginia K
Bought by
Reyna Juan Manuel and Reyna Maria Del Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.89%
Mortgage Type
Seller Take Back
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
Murillo Pedro Hernandez -- Empire Title
Reyna Juan Manuel -- None Available
Reyna Juan Manuel $40,000 None Available
Reyna Juan Manuel $50,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murillo Pedro Hernandez $163,100
Previous Owner Reyna Juan Manuel $107,000
Previous Owner Reyna Juan Manuel $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $140,000 -9.7% --
06/17/2023 06/17/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $155,000 -- --
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 $586 $7,321 -- --
2024 $597 $7,971 -- --
2023 $597 $6,309 $1,400 $4,909
2022 $588 $4,483 $1,400 $3,083
2021 $616 $4,273 $0 $0
2020 $585 $3,963 $0 $0
2019 $558 $3,781 $0 $0
2018 $565 $3,684 $0 $0
2017 $584 $3,718 $0 $0
2016 $563 $3,678 $1,400 $2,278
2014 $494 $3,213 $1,400 $1,813
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Christopher Adams

    Realty Executives

  • P

    Buyer's Agent in 2023

    Pedro Hernandez Murillo

    eXp Realty

    (480) 454-1054

    3 in this area

    42 Total Sales

    Pedro Hernandez Murillo
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6570300

Arizona Regional Multiple Listing Service (ARMLS)

APN: 507-09-095

Arizona Pinal County Casa Grande

85122

This home since 17 June 2023 and is currently estimated at $275,474. This property was built in 1937. This home is a home located in Pinal County with nearby schools including Palo Verde School, Casa Grande Middle School, and ASU Preparatory Academy Casa Grande High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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