NOT LISTED FOR SALE

Estimated Value: $451,000 - $634,000

3 Beds
-- Bath
2,793 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2019

Last sale price $355,000 $127 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,137 / mo

110 Days on Market

About This Home

As of September 2019

Great Turn Key Cash flowing Investment!! All 4 units are 2 bedroom/1 bath Units, Spacious units at 720sf. Brand new roof-45 year architectural shingle with roofline vent! Three of the units have been remodeled in the last 2 years. Remodeled kitchens, bathrooms, and newer interior paint. Kitchens have updated appliances and counter tops. All 4 units have newer AC's and updated electrical panels. All Entry gates have been refurbished and all entry doors have been replaced with fiberglass weather resistant doors! Rents average over $625 per month with room to increase. All 4 units are occupied and ready for a new landlord!

Last Agent to Sell the Property

John Kovalik

DeLex Realty License #SA529382000 Listed on: 04/26/2019

DeLex Realty

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $757

Year Built

  • Built in 1962

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 214-40-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are .27 Acres
  • Jolly Acres Subdivision

Building Details

  • Operating Expense $4,657
  • Gross Income $30,600
  • Net Operating Income $26,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$757

Year Built

Built in 1962

Lot Details

0.27 Acres

Listing Details

  • Cross Street: Greenway Rd. and Cave Creek Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: JOLLY ACRES
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Lot Info

  • Lot Size: .27 Acres
  • Additional Parcels: No
  • Parcel #: 214-40-046

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30600.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 26700.0
  • Annual Operating Expense: 4657.0

Tax Info

  • Tax Annual Amount: 757.0
  • Tax Book Number: 214.00
  • Tax Lot: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2021
Sold by
Bought by
Current Estimated Value
$557,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,300
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,300
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2019
Closed on
Sep 20, 2019
Sold by
Bought by
Seller's Agent
John Kovalik
DeLex Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$369,999
Sold Price
$355,000
Premium/Discount to List
-$14,999
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$266,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2019
Closed on
Sep 12, 2019
Sold by
Bought by
Seller's Agent
John Kovalik
DeLex Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$369,999
Sold Price
$355,000
Premium/Discount to List
-$14,999
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2015
Closed on
Sep 22, 2015
Sold by
Bought by
Seller's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
Buyer's Agent
John Kovalik
DeLex Realty
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.01%
Original Mortgage
$125,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 2014
Sold by
Bought by

Purchase Details

Listed on
Sep 16, 2013
Closed on
Nov 6, 2013
Sold by
Bought by
Seller's Agent
Joe Brady
Fathom Realty
Buyer's Agent
Joshua Ezell
Breakthrough Real Estate & Property Management
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%
Original Mortgage
$87,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Bought by

Purchase Details

Listed on
Sep 17, 2012
Closed on
Dec 5, 2012
Sold by
Bought by
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Janelle Wood
Realty One Scottsdale LLC
List Price
$114,500
Sold Price
$100,000
Premium/Discount to List
-$14,500
-12.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%

Purchase Details

Listed on
Aug 29, 2011
Closed on
Feb 7, 2012
Sold by
Bought by
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
190.22%

Purchase Details

Closed on
Jan 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2002
Sold by
Bought by

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 21, 2001
Sold by
Bought by

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
Mar 31, 2001
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,150
Interest Rate
7.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paradise Valley Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
-- Pioneer Title Agency Inc
-- Empire West Title Agency Llc
$355,000 Empire West Title Agency Llc
$190,000 Security Title Agency Inc
$125,000 Fidelity National Title Agen
-- Fidelity National Title Agen
$125,000 Fidelity National Title Agen
-- None Available
-- None Available
$100,000 Security Title Agency
$40,000 Chicago Title Agency Inc
-- None Available
-- None Available
$326,000 Capital Title Agency Inc
-- --
$200,000 Transnation Title Insurance
-- Stewart Title & Trust Phoeni
-- --
$161,481 Stewart Title & Trust
$77,458 Stewart Title & Trust
$74,000 Fidelity Title
-- Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $272,300
Previous Owner $266,250
Previous Owner $125,000
Previous Owner $87,500
Previous Owner $250,000
Previous Owner $160,000
Previous Owner $148,000
Previous Owner $129,150
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2019 09/23/19 Sold $355,000 0.0% $127 / Sq Ft
09/17/2019 09/17/19 Off Market $355,000 -- --
08/14/2019 08/14/19 Pending -- -- --
08/05/2019 08/05/19 Price Changed $365,000 -1.4% $131 / Sq Ft
07/12/2019 07/12/19 For Sale $369,999 0.0% $132 / Sq Ft
07/12/2019 07/12/19 Price Changed $369,999 +4.2% $132 / Sq Ft
05/05/2019 05/05/19 Off Market $355,000 -- --
04/26/2019 04/26/19 For Sale $350,000 +84.2% $125 / Sq Ft
09/30/2015 09/30/15 Sold $190,000 -5.0% $68 / Sq Ft View Prior Sale
08/26/2015 08/26/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $199,900 +59.9% $72 / Sq Ft
11/15/2013 11/15/13 Sold $125,000 -7.4% $45 / Sq Ft View Prior Sale
09/16/2013 09/16/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $135,000 +35.0% $48 / Sq Ft
12/21/2012 12/21/12 Sold $100,000 -12.7% $36 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $114,500 +186.3% $41 / Sq Ft
02/10/2012 02/10/12 Sold $40,000 0.0% $57 / Sq Ft View Prior Sale
09/08/2011 09/08/11 Pending -- -- --
08/29/2011 08/29/11 For Sale $40,000 -- $57 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $38,060 $7,610 $30,450
2022 $836 $30,630 $6,120 $24,510
2021 $838 $24,510 $4,900 $19,610
2020 $812 $21,010 $4,200 $16,810
2019 $813 $16,710 $3,340 $13,370
2018 $787 $14,370 $2,870 $11,500
2017 $754 $13,510 $2,700 $10,810
2016 $742 $11,160 $2,230 $8,930
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: 5917196

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-046

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