NOT LISTED FOR SALE

240 E Ruth Ave Phoenix, AZ 85020

North Central Neighborhood
2 Beds
1 Bath
830 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: December 31, 2012

Last sale price $475,000 $572 Per Sq Ft

117 Days on Market

Highlights

  • Central Air
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of December 2012

Angel Apartments is a two-story, 14-unit apartment complex located in North Central Phoenix just east of Central Avenue.this apartment building offers concrete construction, individual electric metering, pitched roofs and concrete stairs and walkways.All have been updated but 3 units. 4 1 bedrooms rented at $425, 52 bedrooms rented at $450, and 1 2 bedroom rented at $525, 4 2 bedroom units are vacant! Email for Pro forma

Last Agent to Sell the Property

Tanya Marchiol

Team Investments License #BR531103000 Listed on: 08/16/2012

Last Buyer's Agent

Tanya Marchiol

Valleywide Premier Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,055

Year Built

  • Built in 1983

Lot Details

  • 0.34

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 160-51-054

Community Details

Overview

  • 14 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $7,355
  • Gross Income $80,309
  • Net Operating Income $36,614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,055

Year Built

Built in 1983

Lot Details

0.34 Acres

Listing Details

  • Cross Street: Dunlap and Central
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 19.0
  • Total Parking Spaces: 19.0
  • General Property Description:Uncvrd Parking Spcs: 19.0
  • General Property Description:Total Parking Spcs: 19.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • 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:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1100.0

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 160-51-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 14
  • Annual Gross Income: 80309.16
  • Property Net Operating Income: 36614.0
  • Annual Operating Expense: 7355.0
  • Vacancy Allowance Rate: 0.18

Tax Info

  • Tax Annual Amount: 5055.0
  • Tax Book Number: 160.00
  • Tax Lot: 2

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

Closed on
May 12, 2015
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
$584,000
Interest Rate
0.0363%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 16, 2012
Closed on
Jan 7, 2013
Sold by
Bought by
Seller's Agent
Tanya Marchiol
Team Investments
Buyer's Agent
Tanya Marchiol
Team Investments
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.0327%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 2008
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
$40,000
Interest Rate
0.0622%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 1997
Sold by
Bought by
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

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
$570,000 First American Title Ins Co
$425,000 Lawyers Title Of Arizona Inc
-- None Available
$400,000 Empire West Title Agency
$800,000 Intracoastal Title Agency Ll
-- Empire West Title Agency
$336,000 North American Title Agency
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 $950,000
Open $1,550,000
Closed $713,000
Closed $584,000
Previous Owner $275,000
Previous Owner $40,000
Previous Owner $1,586,000
Previous Owner $303,000
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
12/31/2012 12/31/12 Sold $475,000 0.0% $572 / Sq Ft
12/10/2012 12/10/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $475,000 -- $572 / 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 $4,797 $37,751
2024 $4,533 $35,954
2023 $4,533 $169,580 $33,910 $135,670
2022 $4,386 $106,570 $21,310 $85,260
2021 $4,442 $106,180 $21,230 $84,950
2020 $4,331 $74,020 $14,800 $59,220
2019 $4,252 $63,000 $12,600 $50,400
2018 $4,141 $58,100 $11,620 $46,480
2017 $4,120 $53,810 $10,760 $43,050
2016 $4,045 $43,700 $8,740 $34,960
2015 $3,746 $41,830 $8,360 $33,470
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Tanya Marchiol

    Team Investments

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4804408

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

240 E Ruth Ave, Phoenix, AZ

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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