$40,000
SOLD MAR 29, 2012
-- Bed
-- Bath
2,093 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$19 Per Sq Ft

18% Below List Price

51 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of December 2019

ATTN CONTRACTOR's Fixer upper 3plex needs major work done and priced accordingly. Missing HWT, appliances, windows and cabinetry. ***BRING YOUR TOOLS***ALL 2 BED 1 BATH UNITS***It's another short sale by the team that gets them done!2 rented at $350 each THE 3RD IS NOT habitable and has been cannibalized. Swamp cooled. 2 units occupied at time of listing, one needs major work. DISCLOSURE; The property has an active termite infestation. All items to be verified by buyer prior to close of escrow. Cash Only - will not qualify for loan.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/18/2012

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lois Kaipainen

Income Property Shop License #SA567276000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 214-40-042

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $10,271
  • Gross Income $9,450
  • Net Operating Income $496

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek/Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 694
  • Directions: N to Paradise Ln, E to 27th Street, S to Monte Cristo, W to property at end of dead end road.** NEED CASH BACK UP OFFERS**
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1260.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Jolly Acres
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Evaporative Cooling
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 214-40-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 9450.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 496.0
  • Annual Operating Expense: 10271.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 2011.0
  • Tax Book Number: 214.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Dec 13, 2019
Sold by
2601 E Monte Cristo Llc
Bought by
Alexander Joseph S
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Carrick Sears
SVN/Desert Commercial Advisors
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$500,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,949
Avg. Annual Appreciation
11.99%
Original Mortgage
$195,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pitts Jason L
Bought by
2601 E Monte Cristo Llc

Purchase Details

Listed on
Sep 1, 2016
Closed on
Oct 21, 2016
Sold by
Dowd Pitts Patricia and Pitts Jason L
Bought by
Pitts Jason L
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%
Original Mortgage
$105,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2013
Sold by
Lucy Charm 2 Llc
Bought by
Perez Perfect Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.18%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2013
Sold by
Perfect Storm Real Estate Investments Ll
Bought by
Lucky Charm 2 Llc

Purchase Details

Listed on
Jan 18, 2012
Closed on
Mar 23, 2012
Sold by
Pm Properties Southwest Llc
Bought by
Mee Patrick and Mee Sandra
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$49,000
Sold Price
$40,000
Premium/Discount to List
-$9,000
-18.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.57%
Original Mortgage
$39,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 2006
Sold by
Mee Patrick and Mee Sandra
Bought by
Pm Properties Southwest Llc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Molitor Kristina
Bought by
Mee Patrick and Mee Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,700
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2002
Sold by
Holub George and Holub Emily E
Bought by
Molitor Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 21, 2001
Sold by
Jolly Acres Llc
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.84%

Purchase Details

Closed on
Dec 27, 1999
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,850
Interest Rate
7.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 1999
Sold by
Dunn James E and Dunn Velma Elaine
Bought by
Flores Jeffrey R and Flores Kathleen D

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
6.63%
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 Type Sale Price Title Company
Warranty Deed $260,000 Empire West Title Agency Llc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed $140,000 Pioneer Title Agency Inc
Special Warranty Deed $290,000 American Title Service Agenc
Quit Claim Deed -- American Title Service Agenc
Special Warranty Deed -- Chicago Title
Warranty Deed $40,000 Chicago Title
Special Warranty Deed $205,900 None Available
Warranty Deed $205,900 Tsa Title Agency
Warranty Deed $150,000 Transnation Title Insurance
Special Warranty Deed -- Stewart Title & Trust Phoeni
Warranty Deed $121,114 Stewart Title & Trust
Warranty Deed $74,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Previous Owner $105,000 New Conventional
Previous Owner $232,000 FHA
Previous Owner $46,300 New Conventional
Previous Owner $164,700 New Conventional
Previous Owner $120,000 New Conventional
Previous Owner $116,000 No Value Available
Previous Owner $96,850 New Conventional
Previous Owner $52,500 New Conventional
Closed $12,111 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $260,000 -3.7% $124 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $270,000 +86.2% $129 / Sq Ft
09/16/2016 09/16/16 Sold $145,000 -2.7% $69 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $149,000 0.0% $71 / Sq Ft
10/21/2015 10/21/15 Rented $500 0.0% --
10/06/2015 10/06/15 Under Contract -- -- --
09/25/2015 09/25/15 For Rent $500 +25.3% --
08/15/2014 08/15/14 Rented $399 -20.0% --
08/13/2014 08/13/14 Under Contract -- -- --
06/25/2014 06/25/14 For Rent $499 0.0% --
03/29/2012 03/29/12 Sold $40,000 -18.4% $19 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $49,000 -- $23 / 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 $637 $6,401 -- --
2024 $624 $6,096 -- --
2023 $624 $27,730 $5,540 $22,190
2022 $618 $22,570 $4,510 $18,060
2021 $619 $18,580 $3,710 $14,870
2020 $600 $16,310 $3,260 $13,050
2019 $601 $13,130 $2,620 $10,510
2018 $581 $11,320 $2,260 $9,060
2017 $557 $10,380 $2,070 $8,310
2016 $548 $8,450 $1,690 $6,760
2015 $507 $7,100 $1,420 $5,680
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4702967

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-042