NOT LISTED FOR SALE

Estimated Value: $470,733 - $516,000

Studio
-- Bath
1,872 Sq Ft
$260/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $213,500 $114 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $2,614/month

337 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of January 2019

This is a great, clean, fully-occupied investment property. Both tenants have been there for 3 years+, great tenants! Month to Month-No Contract. Rents are currently $775/month each unit. DRIVE BY ONLY.

Last Agent to Sell the Property

Cindy Herrera

eXp Realty License #SA533557000 Listed on: 02/24/2018

eXp Realty

Last Buyer's Agent

Philip Tirone

Tirone & Associates License #BR041601000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $740

Year Built

  • Built in 1967

Lot Details

  • 7,405

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • 2 Covered Spaces

Schools

  • Creighton Elementary School
  • Creighton Elementary High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 26
  • Assessor Parcel Number 121-78-014-A

Community Details

Overview

  • 2 Units
  • Del Rey Lots Subdivision

Building Details

  • Operating Expense $3,056
  • Gross Income $18,600
  • Net Operating Income $16,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$740

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: 24th Street & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: DUPLEX
  • Number Of Buildings: 1
  • Year Built: 1967
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: DEL REY LOTS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Creighton Elementary School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Additional Parcels: No
  • Parcel #: 121-78-014-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Insurance Expense: 516.0
  • Property Net Operating Income: 16284.0
  • Annual Operating Expense: 3056.0

Tax Info

  • Tax Annual Amount: 740.0
  • Tax Book Number: 121.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Tirone Lilly and Tirone Philip X
Bought by
Tirone Philip X
Current Estimated Value
$486,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$217,653
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$268,530

Purchase Details

Listed on
Feb 24, 2018
Closed on
Mar 27, 2019
Sold by
Tirone Philip X
Bought by
John Paul Ii Holdings Company Llc
Seller's Agent
Cindy Herrera
eXp Realty
Buyer's Agent
Philip Tirone
Tirone & Associates
List Price
$360,000
Sold Price
$213,500
Premium/Discount to List
-$146,500
-40.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$149,100
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2018
Closed on
Jan 30, 2019
Sold by
Flores Aurelio and Flores Maria
Bought by
John Paul Ii Holdings Company Llc
Seller's Agent
Cindy Herrera
eXp Realty
Buyer's Agent
Philip Tirone
Tirone & Associates
List Price
$360,000
Sold Price
$213,500
Premium/Discount to List
-$146,500
-40.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,100
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2005
Sold by
Skd Properties Llc
Bought by
Flores Aurelio and Flores Maria

Purchase Details

Closed on
Mar 11, 2005
Sold by
Blount Andre L
Bought by
Skd Properties Llc

Purchase Details

Closed on
Oct 16, 2001
Sold by
Blount Andre
Bought by
Skd Properties Llc

Purchase Details

Closed on
May 9, 2001
Sold by
Kelleher Nanci A
Bought by
Blount Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2000
Sold by
Kelleher Nanci A
Bought by
Kelleher Nanci A

Purchase Details

Closed on
Jul 26, 1999
Sold by
Beecroft Roger B and Beecroft Rachel L
Bought by
Kelleher Nanci A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,050
Interest Rate
11.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 1997
Sold by
Hossa Edward J and Hossa Julie Ann
Bought by
Beecroft Roger B and Beecroft Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,086
Interest Rate
7.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 19, 1994
Sold by
Eighty Seven Properties Inc
Bought by
Hossa Edward J and Hossa Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.1%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
Tirone Philip X -- Magnus Title Agency
Tirone Philip X -- Magnus Title Agency
John Paul Ii Holdings Company Llc -- Accommodation
Tirone Philip X -- Magnus Title Agency Llc
John Paul Ii Holdings Company Llc $213,500 Security Title Agency Inc
Flores Aurelio $182,500 Fidelity National Title
Skd Properties Llc -- --
Skd Properties Llc $110,000 --
Blount Andre $110,000 Lawyers Title Of Arizona Inc
Kelleher Nanci A -- Lawyers Title Of Arizona Inc
Kelleher Nanci A $142,600 Lawyers Title Of Arizona Inc
Beecroft Roger B $130,000 Security Title Agency
Hossa Edward J $110,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tirone Philip X $245,000
Previous Owner John Paul Ii Holdings Company Llc $149,100
Previous Owner Blount Andre $99,000
Previous Owner Kelleher Nanci A $114,050
Previous Owner Beecroft Roger B $32,086
Previous Owner Hossa Edward J $110,000
Closed Kelleher Nanci A $14,385
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2019 01/31/19 Sold $213,500 -11.0% $114 / Sq Ft
08/30/2018 08/30/18 Price Changed $240,000 -4.0% $128 / Sq Ft
07/19/2018 07/19/18 Price Changed $250,000 -30.6% $134 / Sq Ft
02/24/2018 02/24/18 For Sale $360,000 -- $192 / 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 $866 $6,414 -- --
2024 $824 $6,108 -- --
2023 $824 $29,220 $5,840 $23,380
2022 $792 $21,370 $4,270 $17,100
2021 $811 $17,600 $3,520 $14,080
2020 $791 $14,820 $2,960 $11,860
2019 $786 $12,000 $2,400 $9,600
2018 $770 $10,770 $2,150 $8,620
2017 $740 $9,760 $1,950 $7,810
2016 $711 $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: 5728253

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-78-014A