NOT LISTED FOR SALE

Estimated Value: $894,000 - $1,362,000

-- Bed
-- Bath
3,657 Sq Ft
$302/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $464,000 $127 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $6,008/month

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2018

Everyone wants a 4 plex on 46th St and Thomas, backs up to shopping center, including Fry's, Target, Costco!
3- Two bedroom and two bath units and
1- One bedroom and one bath unit.
Units 5, 7 and 8 have new tile and carpet and new paint. New exterior paint and new roof.
48 HOUR MINIMUM NOTICE TO SHOW.
ONLY SHOWING MON TO SAT FROM 12 TO 3 PM. Property to be sold in 'as-is' condition, no repairs or replacements to be done.

Last Agent to Sell the Property

Donna Frye

Christian Real Estate License #BR026446000 Listed on: 08/20/2018

Last Buyer's Agent

Patrick Burch

ABI Multifamily License #BR515118000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,588

Year Built

  • Built in 1964

Lot Details

  • 0.26

Home Design

  • Brick Exterior Construction
  • Foam Roof

Flooring

  • Concrete Flooring

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 126-08-011

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Thomas Mall Sub Subdivision

Building Details

  • Operating Expense $12,988
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,588

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Thomas and 46th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2017
  • Directions: From Thomas Rd, go south on 46th St, property on the west side of street
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 1800.0
  • Subdivision Name: THOMAS MALL SUB
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • High School: Camelback High School

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 126-08-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 2400.0
  • Annual Gross Income: 18000.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 12988.0

Tax Info

  • Tax Annual Amount: 1588.0
  • Tax Book Number: 126.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2020
Sold by
Ar2336 Llc
Bought by
Goldstein Investment Co
Current Estimated Value
$1,103,000

Purchase Details

Listed on
Aug 20, 2018
Closed on
Oct 12, 2018
Sold by
Thiem Robert W and Thiem James
Bought by
Ar2520 Llc
Seller's Agent
Donna Frye
Christian Real Estate
Buyer's Agent
Patrick Burch
ABI Multifamily
List Price
$450,000
Sold Price
$464,000
Premium/Discount to List
$14,000
3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%
Original Mortgage
$348,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 20, 2018
Sold by
Thiem Robert W
Bought by
Thiem Robert W and The Thiem Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Goldstein Investment Co $2,610,000 Commonwealth Title
Ar2520 Llc $464,000 Commonwealth Land Title Insu
Thiem Robert W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ar2520 Llc $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2018 10/17/18 Sold $464,000 +3.1% $127 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $450,000 -- $123 / 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 $1,916 $15,957 -- --
2024 $1,898 $15,197 -- --
2023 $1,898 $84,300 $16,860 $67,440
2022 $1,830 $56,550 $11,310 $45,240
2021 $1,860 $49,830 $9,960 $39,870
2020 $1,770 $38,250 $7,650 $30,600
2019 $1,764 $28,920 $5,780 $23,140
2018 $1,659 $25,380 $5,070 $20,310
2017 $1,588 $24,430 $4,880 $19,550
2016 $1,553 $24,020 $4,800 $19,220
2015 $1,459 $16,100 $3,220 $12,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5809372

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-08-011