NOT LISTED FOR SALE

Estimated Value: $695,000 - $721,000

5 Beds
-- Bath
2,214 Sq Ft
$322/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2016

Last sale price $297,000 $134 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $3,964 / mo

46 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of March 2016

Previous Buyer couldn't Qualify

Completely renovated Triplex income property generating cash now! This beautiful investment on the Phoenix/Scottsdale border features new cabinets, new granite, new tile flooring & carpet, new plumbing throughout and Stainless Steel appliances in the kitchens.

Each unit has it's own separate laundry; washer & dryer included with a private fenced yard.

Fantastic opportunity to own an income producing property with a great return that's been fully renovated and is fully occupied!

Last Agent to Sell the Property

Zach Molbreak

ZRM Real Estate License #BR625048000 Listed on: 01/07/2016

Last Buyer's Agent

Doug Underwood

HomeSmart License #SA574142000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1958

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 126-17-040

Community Details

Overview

  • 3 Units
  • Building Dimensions are 108x121
  • Stafford Village 2 Subdivision

Building Details

  • Operating Expense $1,092
  • Gross Income $27,444
  • Net Operating Income $2,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,092

Year Built

Built in 1958

Lot Details

0.26 Acres

Listing Details

  • Cross Street: 48th ST & Thomas RD
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: STAFFORD VILLAGE 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 108x121
  • Additional Parcels: No
  • Parcel #: 126-17-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 27443.56
  • Property Net Operating Income: 2007.33
  • Annual Operating Expense: 1092.12
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1092.12
  • Tax Book Number: 126.00
  • Tax Lot: 16

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

Closed on
Dec 8, 2020
Sold by
Bought by
Current Estimated Value
$711,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2016
Closed on
Mar 24, 2016
Sold by
Bought by
Seller's Agent
Zach Molbreak
ZRM Real Estate
Buyer's Agent
Doug Underwood
HomeSmart
List Price
$305,000
Sold Price
$297,000
Premium/Discount to List
-$8,000
-2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%
Original Mortgage
$204,400
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2016
Closed on
Mar 17, 2016
Sold by
Bought by
Seller's Agent
Zach Molbreak
ZRM Real Estate
Buyer's Agent
Doug Underwood
HomeSmart
List Price
$305,000
Sold Price
$297,000
Premium/Discount to List
-$8,000
-2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,400
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 6, 2014
Sold by
Bought by
Seller's Agent
Leslie Rangel
Compass
Buyer's Agent
Zach Molbreak
ZRM Real Estate
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.81%

Purchase Details

Closed on
Jun 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2007
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
$24,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 14, 2007
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
$24,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 22, 2005
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
$184,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2005
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
$184,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
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
-- Accommodation
-- Great American Title
-- Accommodation
$292,000 First Arizona Title Agency
$144,400 Stewart Title & Trust Of Pho
$120,000 Title Management Agency Of A
$64,100 None Available
$240,000 Fidelity National Title
-- Fidelity National Title
-- Fidelity National Title
$230,000 Fidelity National Title
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
Previous Owner $195,500
Previous Owner $204,400
Previous Owner $24,000
Previous Owner $24,000
Previous Owner $192,000
Previous Owner $184,000
Previous Owner $184,000
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
03/25/2016 03/25/16 Sold $297,000 -2.6% $134 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $305,000 +103.3% $138 / Sq Ft
05/09/2014 05/09/14 Sold $150,000 -6.3% $68 / Sq Ft View Prior Sale
04/18/2014 04/18/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $160,000 -- $72 / 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 $1,475 $11,562 -- --
2024 $1,375 $11,011 -- --
2023 $1,375 $43,480 $8,690 $34,790
2022 $1,326 $29,460 $5,890 $23,570
2021 $1,348 $26,680 $5,330 $21,350
2020 $1,323 $23,610 $4,720 $18,890
2019 $1,318 $20,600 $4,120 $16,480
2018 $1,242 $19,230 $3,840 $15,390
2017 $1,189 $13,880 $2,770 $11,110
2016 $1,164 $11,710 $2,340 $9,370
2015 $1,092 $10,080 $2,010 $8,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5380460

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-17-040

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