NOT LISTED FOR SALE

Estimated Value: $944,694 - $994,000

-- Bed
4 Baths
1,300 Sq Ft
$741/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $938,000 $722 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,243/month

42 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of July 2022

Rare opportunity to find a mostly updated 4 plex (3/4 units remodeled) with month to month tenants in an area to support additional rental increases! Rents in the area have skyrocketed and here is your chance to take advantage! Property might also make good BNB furnished rentals if buyer decided. On site laundry room, all units individually metered. Master water/sewer/trash.

Last Agent to Sell the Property

Jonathan Leaman

America One Luxury Real Estate Brokerage Phone: 602-750-4285 License #SA648438000 Listed on: 03/24/2022

Co-Listed By

Hayley Jamison

America One Luxury Real Estate Brokerage Phone: 602-750-4285 License #SA666580000

Last Buyer's Agent

Pam BobbieMorgensternREllc

Bobbie Morgenstern Real Estate License #BR537114000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1958

Lot Details

  • 10,629

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Griffith Elementary School
  • Ingleside Middle School
  • Camelback High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Wall Furnace
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 126-17-037

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10637
  • Stafford Village 2 Subdivision

Building Details

  • Operating Expense $7,237
  • Gross Income $62,415
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,617

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Thomas & 48th
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Attribution Contact: 602-750-4285
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: aone01
  • Co List Office Phone: 480-905-8115
  • Subdivision Name: STAFFORD VILLAGE 2
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, On Street
  • Attached Garage: No
  • 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 Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Electric, Individual, 2 or More Units
  • Heating: Individual, Central, Heat Pump, Window/Wall Unit(s), Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2520.0

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 10637
  • Additional Parcels: No
  • Parcel #: 126-17-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 62415.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 55200.0
  • Annual Operating Expense: 7237.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1617.0
  • Tax Book Number: 126.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jun 2, 2022
Sold by
8K Property Management Llc
Bought by
Law Danny and Yim Kelly
Seller's Agent
Jonathan Leaman
America One Luxury Real Estate
Buyer's Agent
Pam BobbieMorgensternREllc
Bobbie Morgenstern Real Estate
List Price
$1,000,000
Sold Price
$938,000
Premium/Discount to List
-$62,000
-6.2%
Current Estimated Value
$962,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,674
Avg. Annual Appreciation
2.34%
Original Mortgage
$703,500
Outstanding Balance
$694,104
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$316,411

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 14, 2017
Sold by
Tom M Underwood Llc
Bought by
8K Property Management Llc
Seller's Agent
Dorothy Howerton
DPR Realty LLC
Buyer's Agent
Jonathan Leaman
America One Luxury Real Estate
List Price
$289,900
Sold Price
$295,000
Premium/Discount to List
$5,100
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.14%
Original Mortgage
$221,250
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 9, 2015
Closed on
Feb 18, 2016
Sold by
Underwood Tommy M
Bought by
Tom M Underwood Llc
Seller's Agent
Terry Day
DeLex Realty
Buyer's Agent
Dorothy Howerton
DPR Realty LLC
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-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
18.76%
Original Mortgage
$171,500
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 9, 2015
Closed on
Feb 8, 2016
Sold by
Biggar Joshua C
Bought by
Underwood Tommy Michael
Seller's Agent
Terry Day
DeLex Realty
Buyer's Agent
Dorothy Howerton
DPR Realty LLC
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2010
Sold by
Varghai Saba
Bought by
Biggar Joshua C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,425
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2010
Sold by
Parc Properties Llc
Bought by
Biggar Joshua C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,425
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2006
Sold by
Jacobs Terese A and Jacobs David L
Bought by
Parc Properties Llc

Purchase Details

Closed on
Aug 23, 2006
Sold by
Arizona Property Investments Llc
Bought by
Jacobs David L and Jacobs Terese A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2006
Sold by
Antonyan Karren
Bought by
Arizona Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2006
Sold by
Mclenaghan Alvin N and The Alvin N Mclenaghan Loving
Bought by
Antonyan Karren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2006
Sold by
Antonyan Elizabeth
Bought by
Antonyan Karren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2001
Sold by
Mclenaghan Alvin N
Bought by
Mclenaghan Alvin N and Alvin N Mclenaghan Loving Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2001
Sold by
Marques Paul W and Marques Ethel M
Bought by
Mclenaghan Alvin N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 1998
Sold by
Mcconnell Bryan T and Mcconnell Teresa A
Bought by
Marques Paul W and Marques Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,500
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 1995
Sold by
Roulston Doris L
Bought by
Connors Arthur F and Connors Betty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 1995
Sold by
Connors Arthur F and Connors Betty A
Bought by
Mcconnell Bryan T and Mcconnell Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1974
Sold by
Chasteen Jack S and Chasteen Lucille D
Bought by
Lucht Gary A and Lucht Wanda R

Purchase Details

Closed on
Nov 18, 1971
Sold by
Patchett Maria G and Patchett John P
Bought by
Chasteen Jack S and Chasteen Lucille D
Source: Public Records

Range of Values:

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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
Law Danny $938,000 New Title Company Name
8K Property Management Llc $295,000 Greystone Title Agency Llc
Tom M Underwood Llc -- Chicago Title Agency Inc
Underwood Tommy Michael $245,000 Chicago Title Agency Inc
Biggar Joshua C -- Security Title Agency
Biggar Joshua C $89,900 Security Title Agency
Parc Properties Llc -- None Available
Jacobs David L $355,000 Chicago Title Insurance Co
Arizona Property Investments Llc -- Chicago Title Insurance Co
Antonyan Karren $295,000 Fidelity National Title
Antonyan Karren -- Fidelity National Title
Mclenaghan Alvin N -- Old Republic Title Agency
Mclenaghan Alvin N $159,000 Old Republic Title Agency
Marques Paul W $128,500 Stewart Title & Trust
Connors Arthur F -- First American Title
Mcconnell Bryan T $104,000 First American Title
Lucht Gary A -- Transamerica Title Ins Co
Chasteen Jack S -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Law Danny $703,500
Previous Owner 8K Property Management Llc $221,250
Previous Owner Underwood Tommy Michael $171,500
Previous Owner Biggar Joshua C $67,425
Previous Owner Biggar Joshua C $67,425
Previous Owner Jacobs David L $284,000
Previous Owner Antonyan Karren $236,000
Previous Owner Antonyan Karren $236,000
Previous Owner Mclenaghan Alvin N $111,300
Previous Owner Marques Paul W $89,500
Previous Owner Mcconnell Bryan T $72,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2022 07/13/22 Sold $938,000 -6.2% $722 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $1,000,000 0.0% $769 / Sq Ft
04/15/2022 04/15/22 Price Changed $1,000,000 0.0% $769 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/07/2022 04/07/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $1,000,000 +239.0% $769 / Sq Ft
03/10/2017 03/10/17 Sold $295,000 +1.8% $227 / Sq Ft
02/09/2017 02/09/17 Price Changed $289,900 0.0% $223 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $289,900 +18.3% $223 / Sq Ft
02/10/2016 02/10/16 Sold $245,000 -10.9% $188 / Sq Ft
01/02/2016 01/02/16 Pending -- -- --
06/09/2015 06/09/15 For Sale $275,000 -- $212 / 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 $1,665 $13,866 -- --
2024 $1,649 $13,206 -- --
2023 $1,649 $53,180 $10,630 $42,550
2022 $1,590 $35,660 $7,130 $28,530
2021 $1,617 $31,120 $6,220 $24,900
2020 $1,587 $26,900 $5,380 $21,520
2019 $1,581 $23,430 $4,680 $18,750
2018 $1,489 $19,770 $3,950 $15,820
2017 $1,426 $16,230 $3,240 $12,990
2016 $1,396 $13,700 $2,740 $10,960
2015 $1,310 $12,070 $2,410 $9,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6372286

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-17-037