NOT LISTED FOR SALE

Estimated Value: $386,000 - $615,000

-- Bed
-- Bath
1,694 Sq Ft
$321/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $390,000 $230 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,916/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of April 2022

Hard to find two each 2 bedroom units. Private backyard area for each unit plus common area in center. Two new AC units in last 5 years. Tenants are both on a perpetual month to month lease for past 7 years. Plenty of room for rent rate increase.

Last Agent to Sell the Property

Tim Gendreau

HomeSmart License #SA648294000 Listed on: 03/30/2022

HomeSmart

Last Buyer's Agent

Lisa Carroll

Avenue Home Realty License #SA675179000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $735

Year Built

  • Built in 1958

Lot Details

  • 6,926

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Creighton Elementary School
  • Excelencia Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 121-78-006-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60X110
  • Del Rey Lots 21 58 & Lot 99 Subdivision

Building Details

  • Operating Expense $8,124
  • Gross Income $18,996
  • Net Operating Income $10,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$735

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: McDowell & 26th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: DEL REY LOTS 21-58 & LOT 99
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Concrete
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 828.0
  • Annual Water Sewer Expense: 5061.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Excelencia School

Lot Info

  • Lot Size: 60X110
  • Additional Parcels: No
  • Parcel #: 121-78-006-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18996.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 10872.0
  • Annual Operating Expense: 8124.0

Tax Info

  • Tax Annual Amount: 735.0
  • Tax Book Number: 121.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2024
Sold by
Patummas Boyd and Patummas Linda
Bought by
Smile4ever Llc
Current Estimated Value
$543,717

Purchase Details

Closed on
Feb 21, 2024
Sold by
Patummas Boyd and Patummas Linda
Bought by
Smile4ever Llc

Purchase Details

Closed on
Feb 28, 2012
Sold by
Tiger Properties One Llc
Bought by
2543 E Brill St Llc

Purchase Details

Closed on
May 24, 2011
Sold by
Rize Real Estate Group Llc
Bought by
Tiger Properties One Llc

Purchase Details

Closed on
May 18, 2011
Sold by
Chase Jesse R
Bought by
Rize Real Estate Group

Purchase Details

Closed on
Aug 21, 2001
Sold by
Jakolat Martin James
Bought by
Chase Jesse R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,900
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 1993
Sold by
Wilkinson Robert Scott
Bought by
Jakolat Martin James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Smile4ever Llc -- None Listed On Document
Smile4ever Llc -- None Listed On Document
2543 E Brill St Llc -- None Available
Tiger Properties One Llc -- None Available
Rize Real Estate Group $40,200 None Available
Chase Jesse R $111,500 Grand Canyon Title Agency In
Jakolat Martin James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chase Jesse R $105,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $390,000 -11.2% $230 / Sq Ft
04/10/2022 04/10/22 Price Changed $439,000 -4.4% $259 / Sq Ft
04/02/2022 04/02/22 Price Changed $459,000 -5.4% $271 / Sq Ft
03/30/2022 03/30/22 For Sale $485,000 -- $286 / 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 $785 $5,815 -- --
2024 $747 $5,538 -- --
2023 $747 $26,980 $5,390 $21,590
2022 $718 $19,800 $3,960 $15,840
2021 $735 $16,330 $3,260 $13,070
2020 $718 $13,630 $2,720 $10,910
2019 $712 $10,980 $2,190 $8,790
2018 $698 $9,850 $1,970 $7,880
2017 $671 $8,950 $1,790 $7,160
2016 $645 $7,020 $1,400 $5,620
2015 $600 $5,560 $1,110 $4,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6376198

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-78-006A