NOT LISTED FOR SALE

Estimated Value: $340,482 - $599,000

Studio
-- Bath
2,093 Sq Ft
$237/Sq Ft Est. Value

Last Sold May 14, 2018

Last sale price $200,000 $96 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $2,618/month

2 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System

About This Home

As of May 2018

Great investment property:
Hello CASH FLOW!!!! 1905.00 a month! Each unit is 2 bedroom and 1 bath. All units are filled and professionally managed for $1200.00 A year.
All 3 units are rented to tenants, property mgmt. is a separate company.
Approx 10 months left on each lease at $635.00
Steal this deal!

Last Agent to Sell the Property

Kristine Devine

Realty ONE Group License #SA102512000 Listed on: 04/05/2018

Last Buyer's Agent

Shant Janesian

Pak Home Realty License #SA666455000

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $556

Year Built

  • Built in 1962

Lot Details

  • 8,233

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 214-40-041

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8222
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $4,729
  • Gross Income $20,934
  • Net Operating Income $16,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$556

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Greenway Parkway and Cactus
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Subdivision Name: JOLLY ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Individual
  • Heating: Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 816.0
  • Annual Water Sewer Expense: 816.0

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 8222
  • Additional Parcels: No
  • Parcel #: 214-40-041

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 20934.0
  • Insurance Expense: 691.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 16205.0
  • Annual Operating Expense: 4729.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 556.0
  • Tax Book Number: 214.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2018
Closed on
Apr 23, 2018
Sold by
White Marcus A and The John E White Revocable Tru
Bought by
Ford Sean and Ford Lea S
Seller's Agent
Kristine Devine
Realty ONE Group
Buyer's Agent
Shant Janesian
Pak Home Realty
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Current Estimated Value
$495,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,371
Avg. Annual Appreciation
12.50%
Original Mortgage
$147,375
Outstanding Balance
$126,622
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$368,749

Purchase Details

Listed on
Mar 26, 2014
Closed on
May 7, 2014
Sold by
A2z Property Management Inc
Bought by
White John E
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Michael Ezell
West USA Realty
List Price
$109,000
Sold Price
$103,000
Premium/Discount to List
-$6,000
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.05%

Purchase Details

Closed on
May 31, 2013
Sold by
Kim Chum Im and Pirries Scott
Bought by
A 2 Z Property Management Inc

Purchase Details

Closed on
Jun 29, 2009
Sold by
Bank Of New York
Bought by
Kim Chun Im and Pirrie Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
5.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2009
Sold by
Marifosque Edgardo E and Marifosque Roselyne S
Bought by
Bank Of New York

Purchase Details

Closed on
Apr 12, 2005
Sold by
Castellanos Sandra G
Bought by
Marifosque Edgardo E and Marifosque Roselyne S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2004
Sold by
Nybo Stig and Nybo Holly
Bought by
Castellanos Sandra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2004
Sold by
Castellanos Alex
Bought by
Castellanos Sandra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Holub George and Holub Emily E
Bought by
Nybo Stig and Nybo Holly

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
6.12%
Mortgage Type
New Conventional

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
Oct 1, 1998
Sold by
Hampton Fred
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
$50,319
Interest Rate
6.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 4, 1998
Sold by
Dunn James E and Dunn Velma Elaine
Bought by
Hampton Fred

Purchase Details

Closed on
Jan 9, 1998
Sold by
Hampton Brenda
Bought by
Hampton Fred
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
Ford Sean $196,500 Lawyers Title Of Arizona Inc
White John E $103,000 Pioneer Title Agency Inc
A 2 Z Property Management Inc $79,000 Stewart Title & Trust Of Pho
Kim Chun Im $65,000 First American Title Ins Co
Bank Of New York $157,592 First American Title
Marifosque Edgardo E $210,000 Capital Title Agency Inc
Castellanos Sandra G $180,000 Capital Title Agency Inc
Castellanos Sandra G -- Capital Title Agency Inc
Nybo Stig $150,000 Transnation Title Insurance
Holub George -- Stewart Title & Trust Phoeni
Holub George $121,114 Stewart Title & Trust
Flores Jeffrey R $77,458 Stewart Title & Trust
Hampton Fred $56,000 Fidelity Title
Hampton Fred -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Sean $147,375
Previous Owner Kim Chun Im $48,750
Previous Owner Marifosque Edgardo E $147,000
Previous Owner Castellanos Sandra G $18,000
Previous Owner Castellanos Sandra G $144,000
Previous Owner Castellanos Sandra G $144,000
Previous Owner Nybo Stig $120,000
Previous Owner Holub George $116,000
Previous Owner Holub George $96,850
Previous Owner Flores Jeffrey R $50,319
Closed Flores Jeffrey R $9,000
Closed Holub George $12,111
Closed Nybo Stig $22,500
Closed Marifosque Edgardo E $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2018 05/14/18 Sold $200,000 +2.6% $96 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $195,000 +89.3% $93 / Sq Ft
05/15/2014 05/15/14 Sold $103,000 -5.5% $49 / Sq Ft View Prior Sale
05/01/2014 05/01/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $109,000 -- $52 / 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 $652 $6,384 -- --
2024 $622 $6,080 -- --
2023 $622 $27,530 $5,500 $22,030
2022 $616 $22,450 $4,490 $17,960
2021 $618 $18,450 $3,690 $14,760
2020 $599 $16,180 $3,230 $12,950
2019 $599 $13,060 $2,610 $10,450
2018 $580 $11,300 $2,260 $9,040
2017 $556 $10,370 $2,070 $8,300
2016 $546 $8,420 $1,680 $6,740
2015 $506 $7,070 $1,410 $5,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5747312

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-041