NOT LISTED FOR SALE

Estimated Value: $569,000

Studio
1 Bath
2,042 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $280,000 $137 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,497/month

21 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 3-minute walk to Country Club Oval Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of January 2017

Check out this Tri-plex in historic Country Club Park just a couple of houses down from the park and zoned r-5 this property features all 2 bedroom 1 bath units all with private fenced yards.We sold a tri-plex with all 1 bedrooms in the area for 385k earlier this year so there is tons of upside for a savvy investor. Units all need work and its priced accordingly! Rents should be $500 per month higher per unit when remodeled so cash flow + appreciation on this one.

Last Agent to Sell the Property

Michal Castle

Real Broker License #SA105294000 Listed on: 11/22/2016

Real Broker

Last Buyer's Agent

Jaime Mazzeo

Fathom Realty Elite License #SA645359000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,119

Year Built

  • Built in 1940

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Emerson Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 2 / 10
  • Assessor Parcel Number 117-29-162-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are IRR
  • Country Club Park Subdivision

Building Details

  • Operating Expense $5,384
  • Gross Income $23,940
  • Net Operating Income $18,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,119

Year Built

Built in 1940

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th Street & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: COUNTRY CLUB PARK
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 117-29-162-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 23940.0
  • Insurance Expense: 1664.8
  • Property Net Operating Income: 18556.2
  • Annual Operating Expense: 5383.8
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1119.0
  • Tax Block: 10
  • Tax Book Number: 117.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2020
Sold by
Bryck Drew
Bought by
Bryck Drew Michael Gary
Current Estimated Value
$569,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Outstanding Balance
$239,165
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2016
Closed on
Jan 30, 2017
Sold by
Russo Daniel J
Bought by
Bryck Drew
Seller's Agent
Michal Castle
Real Broker
Buyer's Agent
Jaime Mazzeo
Fathom Realty Elite
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2016
Sold by
Russo Daniel J and Russo Martha
Bought by
Russo Daniel J
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
Bryck Drew Michael Gary -- Security Title Agency Inc
Bryck Drew $280,000 North American Title Company
Russo Daniel J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bryck Drew Michael Gary $269,500
Previous Owner Bryck Drew $274,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $280,000 -6.6% $137 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
11/22/2016 11/22/16 For Sale $299,900 -- $147 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2021 $1,189 $29,980 $5,990 $23,990
2020 -- $28,570 $5,710 $22,860
2019 -- $22,370 $4,470 $17,900
2018 -- $15,200 $3,040 $12,160
2017 -- $14,260 $2,850 $11,410
2016 -- $14,410 $2,880 $11,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5528523

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-29-162A

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