NOT LISTED FOR SALE

Estimated Value: $548,528

Studio
-- Bath
2,520 Sq Ft
$218/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2022

Last sale price $550,000 $218 Per Sq Ft

Current estimated payment $3,123 / mo

29 Days on Market

Highlights

  • Cooling Available
  • Breakfast Bar
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of September 2022

Fantastic opportunity to own this fully fenced duplex with tons of landscaping potential! Large front yard and lots of parking area for each unit! Both units have received full interior remodels with trending palette, gorgeous wood-look flooring, tall ceilings, and a spacious living room. One unit is rented for $2350/month, the other unit is vacant. Great opportunity to an owner occupant to have their mortgage paid for or an investor to rent out both units and receive even higher rental income. This property can also be utilized as an Airbnb due to its proximity to the airport. Call listing agent for more information. Drive by only until accepted contract.

Last Agent to Sell the Property

Brandon Alsayed

Delex Realty License #SA664263000 Listed on: 07/15/2022

Last Buyer's Agent

Matthew Magnavita

HomeSmart License #SA585927000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,255

Year Built

  • Built in 2003

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring
  • Breakfast Bar

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Irene Lopez Elementary School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, electricity, trash collection
  • Tax Lot 18
  • Assessor Parcel Number 122-21-099

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7798
  • Peila Homes Subdivision

Building Details

  • Operating Expense $1,255
  • Gross Income $56,400
  • Net Operating Income $55,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,255

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: E Broadway Rd & S 24th St
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Gravel
  • Subdivision Name: PEILA HOMES
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt, Gravel
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Breakfast Bar

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping, Fenced

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Irene Lopez Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Irene Lopez Elementary School

Lot Info

  • Lot Size: 7798
  • Additional Parcels: No
  • Parcel #: 122-21-099

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Electricity, Trash Collection
  • Number Of Units Total: 2
  • Annual Gross Income: 56400.0
  • Property Net Operating Income: 55145.0
  • Annual Operating Expense: 1255.0

Tax Info

  • Tax Annual Amount: 1255.0
  • Tax Book Number: 122.0
  • Tax Lot: 18

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
Jul 15, 2022
Closed on
Aug 23, 2022
Sold by
Bought by
Seller's Agent
Brandon Alsayed
Delex Realty
Buyer's Agent
Matthew Magnavita
HomeSmart
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%
Views
2
Current Estimated Value
$548,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,472
Avg. Annual Appreciation
-0.07%
Original Mortgage
$467,500
Interest Rate
0.0499%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2020
Closed on
May 13, 2020
Sold by
Bought by
Seller's Agent
Maribel Martinez
West USA Realty
Buyer's Agent
Brandon Alsayed
Delex Realty
List Price
$319,900
Sold Price
$310,000
Premium/Discount to List
-$9,900
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.76%
Original Mortgage
$304,385
Interest Rate
0.033%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2011
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
$55,000
Interest Rate
0.0473%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 19, 2000
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
$550,000 East Title
$310,000 Empire West Title Agency Llc
-- Empire West Title Agency Llc
$60,000 Fidelity Natl Title Ins Co
-- --
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 $476,750
Closed $467,500
Previous Owner $304,385
Previous Owner $9,132
Previous Owner $55,000
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
09/15/2022 09/15/22 Sold $550,000 -8.3% $218 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $600,000 +93.5% $238 / Sq Ft
05/15/2020 05/15/20 Sold $310,000 -3.1% $123 / Sq Ft View Prior Sale
04/27/2020 04/27/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $319,900 0.0% $127 / Sq Ft
04/24/2020 04/24/20 Price Changed $319,900 0.0% $127 / Sq Ft
03/10/2020 03/10/20 For Sale $319,900 -- $127 / 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 $1,326 $8,791
2024 $1,255 $8,372
2023 $1,255 $39,530 $7,900 $31,630
2022 $1,229 $24,750 $4,950 $19,800
2021 $1,255 $20,080 $4,010 $16,070
2020 $1,239 $18,110 $3,620 $14,490
2019 $1,199 $16,610 $3,320 $13,290
2018 $1,167 $13,800 $2,760 $11,040
2017 $1,112 $11,330 $2,260 $9,070
2016 $1,058 $9,980 $1,990 $7,990
2015 $996 $7,980 $1,590 $6,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6434463

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-21-099

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