$315,000
SOLD MAY 17, 2017
-- Bed
-- Bath
902 Sq Ft
9,017 Sq Ft Lot

Recently Sold

$349 Per Sq Ft

6% Below List Price

15 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of May 2022

Unique investment property. Perfect for home owner occupancy and (3) onsite rental units. Single family 3BD/1BA 980 SF detached home on one parcel with (3) detached 1BD/1BA rentals on adjacent parcel. Rentals average 550 SF. Both properties share a common driveway. Pool located directly behind single family home is empty and needs work or removal allowing for potentially up to (2) additional new rental units or covered parking. Please do not DISTURB TENANTS. Realtors see showing instructions.

Last Agent to Sell the Property

Marty Hall

Kenneth James Realty License #SA588174000 Listed on: 01/10/2017

Kenneth James Realty

Last Buyer's Agent

Marty Hall

HomeSmart License #SA588174000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1950

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water
  • Assessor Parcel Number 119-06-049

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 120' X 151'

Building Details

  • Operating Expense $8,199
  • Gross Income $28,200
  • Net Operating Income $21,143

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 26th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 1950
  • Tax Year: 2016
  • Directions: From the intersection of 26th St. and Indian School Rd. go south on 26th St. two blocks to E. Clarendon Ave. Turn left. Property will be on the south side of the street.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes
  • 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:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Trash Expense: 1320.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School

Lot Info

  • Lot Size: 120' X 151'
  • Additional Parcels: Yes
  • Parcel #: 119-06-049

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 28200.0
  • Insurance Expense: 537.0
  • Property Net Operating Income: 21143.0
  • Annual Operating Expense: 8199.0

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Offer Climb Llc
Bought by
Take The Red Pill Llc
Current Estimated Value
$653,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$818,142
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$164,750

Purchase Details

Listed on
Mar 21, 2022
Closed on
May 13, 2022
Sold by
Js Risi & Sons Builders Llc
Bought by
Offer Climb Llc
Seller's Agent
John Risi
HomeSmart
Buyer's Agent
Joshua Carlson
Gentry Real Estate
List Price
$975,000
Sold Price
$1,000,000
Premium/Discount to List
$25,000
2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.71%
Original Mortgage
$599,900
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 14, 2020
Sold by
Risi Companies Llc
Bought by
Js Risi & Sons Builders Llc
Seller's Agent
Marty Hall
HomeSmart
Buyer's Agent
Jonah Reinholz
Gentry Real Estate
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.72%
Original Mortgage
$440,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 13, 2020
Sold by
Phoenix 28 Mhp Llc
Bought by
Keyglee Holdings Inc
Seller's Agent
Marty Hall
HomeSmart
Buyer's Agent
Jonah Reinholz
Gentry Real Estate
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 9, 2017
Sold by
Smith Gail and Smith Gail Marie
Bought by
Phoenix 28 Mhp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2016
Sold by
Smith Gail Marie
Bought by
Smith Gail Marie
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 Type Sale Price Title Company
Warranty Deed -- Security Title
Warranty Deed $1,000,000 Clear Title
Interfamily Deed Transfer -- Fidelity Natl Ttl Agcy Inc
Warranty Deed $319,990 Fidelity Natl Ttl Agcy Inc
Warranty Deed $250,000 Fidelity Natl Ttl Agcy Inc
Warranty Deed $315,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,350,000 New Conventional
Previous Owner $599,900 Construction
Previous Owner $440,000 Future Advance Clause Open End Mortgage
Previous Owner $442,000 Future Advance Clause Open End Mortgage
Previous Owner $1,480,000 Commercial
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $1,000,000 +2.6% $1,109 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $975,000 0.0% $1,081 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $975,000 +116.7% $1,081 / Sq Ft
10/16/2020 10/16/20 Sold $450,000 -9.1% $499 / Sq Ft
09/19/2020 09/19/20 For Sale $495,000 0.0% $549 / Sq Ft
08/12/2020 08/12/20 For Sale $495,000 +57.1% $549 / Sq Ft
05/17/2017 05/17/17 Sold $315,000 -6.0% $349 / Sq Ft
04/24/2017 04/24/17 Price Changed $335,000 0.0% $371 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $335,000 -- $371 / 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 $927 $7,132 -- --
2024 $917 $6,793 -- --
2023 $917 $30,170 $6,030 $24,140
2022 $881 $21,980 $4,390 $17,590
2021 $902 $19,260 $3,850 $15,410
2020 $880 $17,180 $3,430 $13,750
2019 $874 $14,850 $2,970 $11,880
2018 $856 $13,050 $2,610 $10,440
2017 $823 $10,970 $2,190 $8,780
2016 $791 $8,300 $1,660 $6,640
2015 $736 $6,780 $1,350 $5,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5544584

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-06-049