NOT LISTED FOR SALE

Estimated Value: $436,935 - $715,000

8 Beds
4 Baths
800 Sq Ft
$772/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $212,200 $265 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $3,483/month

13 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of November 2016

Don't miss this opportunity to purchase a fully occupied rental property in Amberwood Manor! Great upside in rents - management has already achieved $625 on the latest lease so our proforma is conservative! Families love the close proximity to Guerrero Rotary Park across the street. Each unit is 2-Bed/1Bath with an open mid-century feel. The building features individual metering, tile floors, washer/dryers hookups, and covered parking. Common area maintenance, insurance. Close to freeways, entertainment, transportation, and employment. You simply cannot find this kind of multi-family deal in the current market.

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 09/19/2016

Co-Listed By

Terry Kass

R.O.I. Properties License #BR503783000

Last Buyer's Agent

Yoyi Mi

Smart Choice Realty, LLC License #BR517552000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,099

Year Built

  • Built in 1985

Lot Details

  • 4,661

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 139-40-157

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Amberwood Manor Subdivision

Building Details

  • Operating Expense $1,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,099

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 8th Ave and Country Club
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: East to complex on North side of street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: Amberwood Manor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, City Electric
  • Cooling: Individual, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

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

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 139-40-157

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1099.0

Tax Info

  • Tax Annual Amount: 1099.0
  • Tax Book Number: 139.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2016
Closed on
Nov 28, 2016
Sold by
Williams Gary and Williams Jane J
Bought by
Chao Janey
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Yoyi Mi
Smart Choice Realty, LLC
List Price
$216,900
Sold Price
$212,200
Premium/Discount to List
-$4,700
-2.17%
Current Estimated Value
$617,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,784
Avg. Annual Appreciation
12.28%
Original Mortgage
$155,775
Outstanding Balance
$127,432
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$457,683

Purchase Details

Closed on
Apr 28, 2011
Sold by
Jmmb Llc
Bought by
Williams Gary and Williams Jane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2010
Sold by
Titov Robert
Bought by
Jmmb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2008
Sold by
Flores Kathleen Dolores
Bought by
Jkm Trading Inc

Purchase Details

Closed on
Aug 3, 2006
Sold by
Stump Paul
Bought by
Flores Kathleen Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
2.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 22, 2006
Sold by
Flores Jeffrey R
Bought by
Flores Kathleen Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
2.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 10, 2004
Sold by
Klapak Michael G
Bought by
Stump Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
5.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Chao Janey $207,700 Driggs Title Agency Inc
Williams Gary $145,000 Pioneer Title Agency Inc
Jmmb Llc -- None Available
Titov Robert $72,000 Pioneer Title Agency Inc
Jkm Trading Inc -- Capital Title Agency Inc
Flores Kathleen Dolores $335,000 Capital Title Agency Inc
Flores Kathleen Dolores -- Capital Title Agency Inc
Stump Paul $255,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chao Janey $155,775
Previous Owner Williams Gary $108,750
Previous Owner Titov Robert $52,500
Previous Owner Jmmb Llc $26,481
Previous Owner Jmmb Llc $110,000
Previous Owner Flores Kathleen Dolores $268,000
Previous Owner Flores Kathleen Dolores $268,000
Previous Owner Stump Paul $165,750
Previous Owner Klapak Michael G $64,750
Closed Stump Paul $63,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2016 11/18/16 Sold $212,200 -2.2% $265 / Sq Ft
10/02/2016 10/02/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $216,900 -- $271 / 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 $1,388 $14,144 -- --
2024 $1,400 $13,471 -- --
2023 $1,400 $43,100 $8,620 $34,480
2022 $1,371 $31,050 $6,210 $24,840
2021 $1,388 $24,870 $4,970 $19,900
2020 $1,370 $22,100 $4,420 $17,680
2019 $1,279 $18,270 $3,650 $14,620
2018 $1,228 $16,260 $3,250 $13,010
2017 $1,191 $14,780 $2,950 $11,830
2016 $1,169 $14,730 $2,940 $11,790
2015 $1,099 $14,600 $2,920 $11,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5499392

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-40-157