$930,000
SOLD AUG 9, 2023
-- Bed
-- Bath
1,605 Sq Ft
1952 Built

Recently Sold

$579 Per Sq Ft

9% Below List Price

79 Days on Market

Highlights

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

About This Home

As of August 2023

5-Unit, Garden-Style Property, Built in 1952, Fully Renovated in 2021. Unit Mix Consists of (3) Two-Bed / One-Bath Units & (2) One-Bed / One-Bath Units.

Exterior Upgrades Feature a Cosmetic Remodel, New HVACs, Main Sewer, Windows, Doors, & Installation of Covered Parking. Interior Upgrades Feature New Wood-Tile Flooring, White Quartz Countertops, New Cabinetry, Stainless Steel Appliances, Remodeled Bathrooms, & In-Suite Washer / Dryer

Located Within an Arizona Opportunity Zone. Situated on a 0.57 Acre Lot, Zoned R-3, Allowing the Potential to Built More Units. Close Proximity to Grand Canyon University & Easy Access to the I-17 Freeway.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 03/27/2023

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Stephen Patterson II

eXp Realty License #SA681933000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1952

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 154-28-024

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 24822
  • Fruitland Acres Subdivision

Building Details

  • Operating Expense $1,910
  • Gross Income $40,486
  • Net Operating Income $58,863

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,910

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2022
  • Road Surface Type: Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: FRUITLAND ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 24822
  • Additional Parcels: No
  • Parcel #: 154-28-024

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 40485.5
  • Property Net Operating Income: 58863.0
  • Annual Operating Expense: 1910.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1910.0
  • Tax Book Number: 154.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Aug 28, 2023
Sold by
Irise Llc
Bought by
Paikoz Property Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Stephen Patterson II
eXp Realty
List Price
$1,025,000
Sold Price
$930,000
Premium/Discount to List
-$95,000
-9.27%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.58%
Original Mortgage
$697,500
Outstanding Balance
$684,730
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$98,102

Purchase Details

Listed on
Mar 27, 2023
Closed on
Aug 9, 2023
Sold by
S Mcduck Holdings Llc
Bought by
Irise Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Stephen Patterson II
eXp Realty
List Price
$1,025,000
Sold Price
$930,000
Premium/Discount to List
-$95,000
-9.27%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,500
Outstanding Balance
$684,730
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$98,102

Purchase Details

Closed on
Oct 27, 2021
Sold by
Fidelity First International Llc
Bought by
S Mcduck Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 10, 2020
Closed on
Dec 9, 2020
Sold by
Phoenix Gold Mgmt Inc
Bought by
Fidelity First International Llc
Seller's Agent
Jose Ruben Fajardo
West USA Realty
Buyer's Agent
James Yancey
Gentry Real Estate
List Price
$319,900
Sold Price
$285,000
Premium/Discount to List
-$34,900
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.68%
Original Mortgage
$442,250
Interest Rate
2.8%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Jan 9, 2012
Bought by
Phoenix Gold Mgmt Inc

Purchase Details

Closed on
Dec 18, 2009
Sold by
Bank Of America National Association

Purchase Details

Closed on
Aug 14, 2009
Sold by
Saldana Jose F and Reyes Patricia
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 23, 2001
Sold by
Saldana Jose
Bought by
Saldana Jose F and Reyes Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,150
Interest Rate
7.09%

Purchase Details

Closed on
Feb 5, 1999
Sold by
Saenz Elizabeth T and Saenz Mike Ravago
Bought by
Saldana Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,175
Interest Rate
10.5%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- Navi Title Agency
Warranty Deed $930,000 Navi Title Agency
Warranty Deed -- Stewart Ttl & Tr Of Phoenix
Warranty Deed $280,000 Empire West Title Agency Llc
Warranty Deed $50,000 First American Title Ins Co
Warranty Deed $61,000 Guaranty Title Agency
Warranty Deed $64,000 None Available
Warranty Deed -- Metro Title Agency
Warranty Deed $74,900 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $697,500 New Conventional
Previous Owner $566,000 Future Advance Clause Open End Mortgage
Previous Owner $442,250 Small Business Administration
Previous Owner $200,000 Unknown
Previous Owner $72,150 No Value Available
Previous Owner $56,175 New Conventional
Closed $11,235 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $950,000 0.0% --
07/01/2025 07/01/25 Off Market $950,000 -- --
05/06/2025 05/06/25 Price Changed $950,000 -2.6% --
04/08/2025 04/08/25 Price Changed $975,000 -8.9% --
01/07/2025 01/07/25 For Sale $1,070,000 +15.1% --
08/09/2023 08/09/23 Sold $930,000 -7.5% $579 / Sq Ft
06/20/2023 06/20/23 Price Changed $1,005,000 -1.0% $626 / Sq Ft
04/26/2023 04/26/23 Price Changed $1,015,000 -1.0% $632 / Sq Ft
03/27/2023 03/27/23 For Sale $1,025,000 +259.6% $639 / Sq Ft
12/11/2020 12/11/20 Sold $285,000 -4.7% $157 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/04/2020 11/04/20 Price Changed $299,000 -6.0% $165 / Sq Ft
09/29/2020 09/29/20 Price Changed $318,000 -0.6% $175 / Sq Ft
09/10/2020 09/10/20 For Sale $319,900 -- $176 / 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 $1,931 $43,626 -- --
2024 $1,940 $12,801 -- --
2023 $1,940 $25,300 $5,060 $20,240
2022 $1,910 $18,410 $3,680 $14,730
2021 $1,928 $17,360 $3,470 $13,890
2020 $1,671 $17,960 $3,590 $14,370
2019 $1,651 $15,530 $3,100 $12,430
2018 $1,513 $13,910 $2,780 $11,130
2017 $1,495 $11,970 $2,390 $9,580
2016 $950 $9,020 $1,800 $7,220
2015 $735 $7,720 $1,540 $6,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6536511

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-28-024