NOT LISTED FOR SALE

Estimated Value: $484,000 - $555,000

4 Beds
-- Baths
1,440 Sq Ft
$367/Sq Ft Est. Value

Sale Details

Date Sold: February 11, 2020

Last sale price $324,900 $226 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,863 / mo

25 Days on Market

Highlights

  • Multiple cooling system units
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of February 2020

Lot zoned for R-5, which is the highest level of multi-family in Phoenix. This 4-plex features tile flooring throughout every unit, new water heaters and extensive plumbing upgrades, new light fixtures, fresh interior and exterior paint, roof installed in 2016, as well as HVACs and an additional new mini-split system. All units are on 1 year leases with security deposits on file, there are 3 electric meters at the property, and the property is professionally managed. Unit 1 is a two bedroom leased at $750 per month with the tenant paying electric. Unit 2 is a two bedroom with an approved application thru HOM INC at $1,057 that includes all utilities. Units 3 and 4 have approved applications thru HOM INC at $746 per month including all utilities. Pest control is provided by current owner.

Last Agent to Sell the Property

Keith Grayson

Grayson Real Estate License #BR636932000 Listed on: 12/13/2019

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $443

Year Built

  • Built in 1958

Lot Details

  • 6,011

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Alfred F Garcia Elementary And Middle School
  • Carl Hayden High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Legal Lot and Block 21 / 7
  • Assessor Parcel Number 109-62-139

Community Details

Overview

  • 4 Units
  • Building Dimensions are 48 x 122
  • I On A Home Tract Subdivision

Building Details

  • Operating Expense $7,143
  • Gross Income $39,588
  • Net Operating Income $32,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$443

Year Built

Built in 1958

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Cross Street: 24th Avenue and Buckeye
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: I-ON-A-HOME TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks), APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric, Wall/Window Unit(s)
  • Heating: Individual, Central, Heat Pump, Window/Wall Unit(s), 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • 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
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Alfred F Garcia School
  • High School: Carl Hayden High School
  • Middle Or Junior School: Alfred F Garcia School

Lot Info

  • Lot Size: 48 x 122
  • Additional Parcels: No
  • Parcel #: 109-62-139

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 3600.0
  • Annual Gross Income: 39588.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 32445.0
  • Annual Operating Expense: 7143.0

Tax Info

  • Tax Annual Amount: 443.0
  • Tax Block: 7
  • Tax Book Number: 109.00
  • Tax Lot: 21

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
Dec 13, 2019
Closed on
Mar 16, 2020
Sold by
Helms Svetlana
Bought by
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$324,900
Sold Price
$324,900
Current Estimated Value
$511,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,843
Avg. Annual Appreciation
7.66%
Original Mortgage
$243,675
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 13, 2019
Closed on
Feb 4, 2020
Sold by
Klg Investments Llc
Bought by
Helms Svetlana
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$324,900
Sold Price
$324,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,675
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2019
Closed on
Oct 2, 2019
Sold by
Rivas Efrain Nevarez and Rivas Leonel Nevarez
Bought by
Klg Investments Llc
Seller's Agent
Alex Caballero
West USA Realty
Buyer's Agent
Keith Grayson
Grayson Real Estate
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
161.05%
Original Mortgage
$250,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2018
Closed on
Nov 28, 2018
Sold by
Arizona Desert Homes Llc
Bought by
Nevarez Rivas Efrain Nevarez and Nevarez Rivas Leonel
Seller's Agent
Arturo Plascencia
West USA Realty
Buyer's Agent
Alex Caballero
West USA Realty
List Price
$205,000
Sold Price
$200,000
Premium/Discount to List
-$5,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.34%
Original Mortgage
$137,000
Interest Rate
4.8%
Mortgage Type
Small Business Administration

Purchase Details

Listed on
Nov 8, 2013
Closed on
Jan 24, 2014
Sold by
Salem Khaled and Garcia Jorge
Bought by
Arizona Desert Homes Llc
Seller's Agent
MARIA RAMOS
GPS AZ Real Estate
Buyer's Agent
Arturo Plascencia
West USA Realty
List Price
$80,000
Sold Price
$75,000
Premium/Discount to List
-$5,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.41%
Original Mortgage
$52,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2012
Closed on
Apr 3, 2012
Sold by
2341 W Maricopa Llc
Bought by
Salem Khaled M and Garcia Jorge
Seller's Agent
Katrina Deist-Zemar
Realty ONE Group
Buyer's Agent
David Gardner
HomeSmart
List Price
$45,000
Sold Price
$30,000
Premium/Discount to List
-$15,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.44%

Purchase Details

Closed on
Sep 10, 2009
Sold by
E Built Contracting Llc
Bought by
2341 W Maricopa Llc

Purchase Details

Closed on
Aug 24, 2009
Sold by
U S Bank National Association
Bought by
E Built Contracting Llc

Purchase Details

Closed on
Jun 5, 2008
Sold by
Penuelas Saturino
Bought by
U S Bank Na and Asset Backed Securities Corp Home Equity

Purchase Details

Closed on
Jul 25, 2005
Sold by
Murillo Jorge S and Murillo Arminda M
Bought by
Penuelas Saturnino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.37%

Purchase Details

Closed on
Jul 14, 1998
Sold by
Murillo Jorge S and Murillo Arminda M
Bought by
Cullen Christopher James

Purchase Details

Closed on
Sep 14, 1993
Sold by
Carter
Bought by
Murillo Murillo and Murillo Arminda M
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
-- Wfg National Title Ins Co
Helms Svetlana $324,900 Wfg National Title Ins Co
Klg Investments Llc $230,000 Dhi Title Agency
Nevarez Rivas Efrain Nevarez $200,000 Equity Title Agency Inc
Arizona Desert Homes Llc $75,000 Driggs Title Agency Inc
Salem Khaled M $30,000 Clear Title Agency Of Arizon
Salem Khaled M -- Clear Title Agency Of Arizon
Garcia Jorge -- Clear Title Agency Of Arizon
2341 W Maricopa Llc $35,000 Magnus Title Agency
E Built Contracting Llc $17,000 Security Title Agency
U S Bank Na $143,237 None Available
Penuelas Saturnino $150,000 Dhi Title Of Arizona Inc
Penuelas Saturnino -- Dhi Title Of Arizona Inc
Cullen Christopher James $100,000 Ati Title Company
Murillo Murillo $30,000 Network Esc & Title
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
Previous Owner $243,675
Previous Owner Klg Investments Llc $250,000
Previous Owner Nevarez Rivas Efrain Nevarez $137,000
Previous Owner Arizona Desert Homes Llc $52,500
Previous Owner Penuelas Saturnino $135,000
Previous Owner Murillo Jorge S $100,000
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
02/11/2020 02/11/20 Sold $324,900 0.0% $226 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
01/04/2020 01/04/20 Pending -- -- --
12/31/2019 12/31/19 For Sale $324,900 0.0% $226 / Sq Ft
12/27/2019 12/27/19 Off Market $324,900 -- --
12/13/2019 12/13/19 For Sale $324,900 +41.3% $226 / Sq Ft
10/04/2019 10/04/19 Sold $230,000 -4.2% $160 / Sq Ft View Prior Sale
09/27/2019 09/27/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $240,000 +4.3% $167 / Sq Ft
06/17/2019 06/17/19 Off Market $230,000 -- --
06/10/2019 06/10/19 Price Changed $240,000 -4.0% $167 / Sq Ft
04/09/2019 04/09/19 For Sale $250,000 +25.0% $174 / Sq Ft
12/04/2018 12/04/18 Sold $200,000 -2.4% $139 / Sq Ft View Prior Sale
11/13/2018 11/13/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $205,000 +173.3% $142 / Sq Ft
01/27/2014 01/27/14 Sold $75,000 -6.3% $52 / Sq Ft View Prior Sale
01/15/2014 01/15/14 Pending -- -- --
11/08/2013 11/08/13 For Sale $80,000 +166.7% $56 / Sq Ft
04/04/2012 04/04/12 Sold $30,000 -33.3% $43 / Sq Ft View Prior Sale
03/22/2012 03/22/12 Pending -- -- --
02/02/2012 02/02/12 For Sale $45,000 -- $64 / Sq Ft
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 $475 $3,801
2024 $456 $3,620
2023 $456 $21,180 $4,230 $16,950
2022 $437 $14,580 $2,910 $11,670
2021 $463 $14,660 $2,930 $11,730
2020 $448 $9,880 $1,970 $7,910
2019 $443 $8,530 $1,700 $6,830
2018 $434 $6,820 $1,360 $5,460
2017 $417 $6,350 $1,270 $5,080
2016 $423 $4,700 $940 $3,760
2015 $394 $4,060 $810 $3,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6014291

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-62-139

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