$295,000
SOLD MAR 10, 2017
-- Bed
-- Bath
1,300 Sq Ft
10,629 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

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

About This Home

As of July 2022

MONEY MARKING PROPERTY ONLY A MILE FROM THE ARCADIA AREA. THIS FOUR PLEX IS 100% RENTED AND LEASES ARE IN PLACE. ON SITE LAUNDRY FACILITIES. TWO 2 BDRM UNITS EACH WITH CENTRAL HEAT AND AIR. TWO ONE BDRM UNITS ALL ARE SIZEABLE UNITS. BRAND NEW EXTERIOR PAINT. RECENT UPGRADES INCL. LANDSCAPING FOR EASY MAINTENANCE.

Last Agent to Sell the Property

Dorothy Howerton

DPR Realty LLC License #SA110067000 Listed on: 02/01/2017

Last Buyer's Agent

Jonathan Leaman

America One Luxury Real Estate License #SA648438000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Brunson-Lee Elementary Middle School
  • Phoenix Union Cyber 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

Listing and Financial Details

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

Community Details

Overview

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

Building Details

  • Operating Expense $5,269
  • Gross Income $3,400
  • Net Operating Income $1,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,396

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 48TH & VIRGINIA STRTS
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2016
  • Directions: EAST ON THOMAS TO 48TH STREET
  • Road Surface Type: Asphalt
  • Subdivision Name: STAFFORD VILLAGE 2
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Central A/C, Individual, Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • 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: 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1913.0

Schools

  • High School: Phoenix Union Cyber High School
  • Middle Or Junior School: Brunson-Lee Elementary School

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 3400.0
  • Insurance Expense: 2105.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 1646.0
  • Annual Operating Expense: 5269.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1396.0
  • 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 Type Sale Price Title Company
Warranty Deed $938,000 New Title Company Name
Warranty Deed $295,000 Greystone Title Agency Llc
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed $245,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $89,900 Security Title Agency
Warranty Deed -- None Available
Warranty Deed $355,000 Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed $295,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed $159,000 Old Republic Title Agency
Warranty Deed $128,500 Stewart Title & Trust
Quit Claim Deed -- First American Title
Warranty Deed $104,000 First American Title
Joint Tenancy Deed -- Transamerica Title Ins Co
Joint Tenancy Deed -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $703,500 New Conventional
Previous Owner $221,250 Commercial
Previous Owner $171,500 Commercial
Previous Owner $67,425 Commercial
Previous Owner $67,425 Commercial
Previous Owner $284,000 Commercial
Previous Owner $236,000 Commercial
Previous Owner $236,000 Commercial
Previous Owner $111,300 Commercial
Previous Owner $89,500 Commercial
Previous Owner $72,800 Commercial
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: 5554935

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-17-037