NOT LISTED FOR SALE

Estimated Value: $582,000 - $659,000

Studio
-- Bath
2,792 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $324,500 $116 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,337/month

60 Days on Market

About This Home

As of October 2018

Nice, charming 4-plex in a desired north Phoenix area !
All of the apartments are 2BD, 1BA, totally renovated, new roof and A/C's, 100% occupied.
Brokers and agents, bring all of your investors with substantial cash and make the deal !

Last Agent to Sell the Property

Adrian Stamenov

Realty ONE Group License #SA539804000 Listed on: 07/21/2018

Realty ONE Group

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $754

Year Built

  • Built in 1962

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 214-40-045

Community Details

Overview

  • 4 Units
  • Building Dimensions are 120 x 100
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $4,557
  • Gross Income $29,400
  • Net Operating Income $25,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$754

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd. & Greenway Pkway Blvd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R - 4
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: Jolly Acres
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 720.0

Lot Info

  • Lot Size: 120 x 100
  • Additional Parcels: No
  • Parcel #: 214-40-045

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29400.0
  • Insurance Expense: 799.0
  • Property Net Operating Income: 25597.0
  • Annual Operating Expense: 4557.0

Tax Info

  • Tax Annual Amount: 754.0
  • Tax Book Number: 214.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Richards Elaine
Bought by
Korin Llc
Current Estimated Value
$630,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$597,438
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$32,758

Purchase Details

Listed on
Jul 21, 2018
Closed on
Oct 11, 2018
Sold by
Stamenov Adrian
Bought by
Richards Elaine
Seller's Agent
Adrian Stamenov
Realty ONE Group
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$339,900
Sold Price
$324,500
Premium/Discount to List
-$15,400
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%
Original Mortgage
$241,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2018
Sold by
Stamenov Valeriy
Bought by
Stamenov Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,250
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2017
Sold by
Nortop Vega Llc
Bought by
Stamenov Valerity

Purchase Details

Closed on
Aug 7, 2014
Sold by
Stamenov Valeriy
Bought by
Nortop Vega Llc

Purchase Details

Listed on
Sep 18, 2012
Closed on
Oct 23, 2012
Sold by
Reltso Llc
Bought by
Stamenov Valeriy
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Adrian Stamenov
Realty ONE Group
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.90%
Original Mortgage
$70,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2011
Sold by
Lawrence Joe and Deutsch Jill
Bought by
Reltso Llc

Purchase Details

Closed on
Jul 25, 2006
Sold by
2623 Monte Cristo Llc
Bought by
Lawrence Joe and Deutsch Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,720
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2004
Sold by
Gullen Richard B and Gullen Elizabeth A
Bought by
2623 Monte Cristo Llc

Purchase Details

Closed on
Nov 11, 2002
Sold by
Holub George and Holub Emily E
Bought by
Gullen Richard B and Gullen Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 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
$148,000
Interest Rate
6.84%

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
$66,477
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
Korin Llc $650,000 Pioneer Title Agency
Richards Elaine $324,500 Chicago Title Agency Inc
Stamenov Adrian $267,000 Driggs Title Agency Inc
Stamenov Valerity -- None Available
Nortop Vega Llc -- Accommodation
Stamenov Valeriy $100,000 Clear Title Agency Of Arizon
Reltso Llc $76,501 None Available
Lawrence Joe $325,900 Tsa Title Agency
2623 Monte Cristo Llc -- --
Gullen Richard B $200,000 Transnation Title Insurance
Holub George -- Stewart Title & Trust Phoeni
Flores Jeffrey R $77,458 Stewart Title & Trust
Hampton Fred $74,000 Fidelity Title
Hampton Fred -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korin Llc $600,000
Previous Owner Richards Elaine $241,500
Previous Owner Stamenov Adrian $200,250
Previous Owner Stamenov Valeriy $70,000
Previous Owner Lawrence Joe $260,720
Previous Owner Gullen Richard B $160,000
Previous Owner Holub George $148,000
Previous Owner Flores Jeffrey R $66,477
Closed Flores Jeffrey R $9,000
Closed Gullen Richard B $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2018 10/15/18 Sold $324,500 -4.5% $116 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
07/21/2018 07/21/18 For Sale $339,900 +239.9% $122 / Sq Ft
10/26/2012 10/26/12 Sold $100,000 -20.0% $36 / Sq Ft View Prior Sale
10/05/2012 10/05/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $125,000 -- $45 / 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 $885 $8,663 -- --
2024 $844 $8,250 -- --
2023 $844 $37,860 $7,570 $30,290
2022 $836 $30,530 $6,100 $24,430
2021 $838 $24,410 $4,880 $19,530
2020 $812 $20,910 $4,180 $16,730
2019 $813 $16,650 $3,330 $13,320
2018 $787 $14,370 $2,870 $11,500
2017 $754 $13,510 $2,700 $10,810
2016 $742 $11,170 $2,230 $8,940
2015 $687 $9,520 $1,900 $7,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5796739

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-045