NOT LISTED FOR SALE

Estimated Value: $630,000 - $708,000

Studio
-- Bath
3,000 Sq Ft
$225/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $350,000 $117 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,584/month

234 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2019

Nice corner lot 4-plex in north Phoenix for sale ! ! !
All 2BD, 1BA, block construction, renovated apartments and buildings, stackable W/D hook ups, brand new A/C (to #4), steady income, long term tenants, 100% occupied.
Buyer to verified all numbers and figures.

Last Agent to Sell the Property

Adrian Stamenov

Realty ONE Group License #SA539804000 Listed on: 10/20/2018

Realty ONE Group

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 214-40-191

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100X120
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $4,220
  • Gross Income $31,800
  • Net Operating Income $28,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd. & Greenway Pkway.
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: Andrea Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • 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
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: 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: 1116.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 100X120
  • Additional Parcels: No
  • Parcel #: 214-40-191

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31800.0
  • Insurance Expense: 890.0
  • Property Net Operating Income: 28600.0
  • Annual Operating Expense: 4220.0

Tax Info

  • Tax Annual Amount: 930.0
  • Tax Book Number: 214.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Richards Elaine
Current Estimated Value
$675,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$645,521
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$29,978

Purchase Details

Listed on
Oct 20, 2018
Closed on
Jul 9, 2019
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
$369,900
Sold Price
$350,000
Premium/Discount to List
-$19,900
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$262,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Stamenov Valeriy
Bought by
Stamenov Adrian

Purchase Details

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

Purchase Details

Listed on
Jan 18, 2012
Closed on
Apr 23, 2012
Sold by
Marconi Properties Llc
Bought by
Stamenov Valerly
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Adrian Stamenov
Realty ONE Group
List Price
$138,500
Sold Price
$128,500
Premium/Discount to List
-$10,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%
Original Mortgage
$125,242
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2010
Sold by
Delrio Edgar Benjamin
Bought by
Marconi Properties Llc

Purchase Details

Closed on
Apr 28, 2010
Sold by
Delrio Fabiola
Bought by
Delrio Edgar Benjamin

Purchase Details

Closed on
Jan 15, 2009
Sold by
Burnett Harrold J
Bought by
Cisneros Rogelio

Purchase Details

Closed on
Dec 24, 2007
Sold by
Burnett Cheryl
Bought by
Burnett Harrold J

Purchase Details

Closed on
Nov 30, 2007
Sold by
Valle Jesus Eduardo Manzo
Bought by
Cisneros Rogelio

Purchase Details

Closed on
Nov 8, 2007
Sold by
Cisneros Rogelio
Bought by
Valle Jesus Eduardo Manzo

Purchase Details

Closed on
Feb 10, 1996
Sold by
Cisneros Juana
Bought by
Cisneros Rogelio M

Purchase Details

Closed on
Jan 26, 1996
Sold by
Hud
Bought by
Cisneros Rogelio M

Purchase Details

Closed on
Jul 5, 1994
Sold by
Crosby Lee
Bought by
Union Fsb

Purchase Details

Closed on
Apr 6, 1994
Sold by
Union Fsb Of Indianapolis
Bought by
Hud
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
-- $700,000 Pioneer Title Agency
Richards Elaine $350,000 Chicago Title Agency
Stamenov Adrian $199,999 Stewart Title & Trust Of Pho
Nortop Vega Llc -- Accommodation
Stamenov Valerly $128,500 Clear Title Agency Of Arizon
Marconi Properties Llc -- None Available
Delrio Edgar Benjamin -- First American Title Ins Co
Delrio Edgar Benjamin $55,000 First American Title Ins Co
Cisneros Rogelio -- None Available
Burnett Harrold J -- Chicago Title Insurance Co
Burnett Harrold J $267,941 Chicago Title Insurance Co
Cisneros Rogelio -- Chicago Title Insurance Co
Cisneros Rogelio -- Great American Title Agency
Valle Jesus Eduardo Manzo -- Great American Title Agency
Cisneros Rogelio M -- First Southwestern Title
Cisneros Rogelio M -- First Southwestern Title
Union Fsb -- --
Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namek Llc $650,000
Previous Owner Richards Elaine $262,500
Previous Owner Stamenov Valerly $125,242
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2019 07/15/19 Sold $350,000 -5.4% $117 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $369,900 0.0% $123 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $369,900 0.0% $123 / Sq Ft
04/03/2019 04/03/19 Price Changed $369,900 +2.8% $123 / Sq Ft
03/18/2019 03/18/19 Price Changed $359,900 0.0% $120 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
11/05/2018 11/05/18 For Sale $359,900 0.0% $120 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/20/2018 10/20/18 For Sale $359,900 +180.1% $120 / Sq Ft
04/26/2012 04/26/12 Sold $128,500 -7.2% $43 / Sq Ft View Prior Sale
02/22/2012 02/22/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $138,500 -- $46 / 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 $1,047 $10,245 -- --
2024 $998 $9,757 -- --
2023 $998 $44,030 $8,800 $35,230
2022 $988 $31,330 $6,260 $25,070
2021 $991 $25,610 $5,120 $20,490
2020 $961 $22,420 $4,480 $17,940
2019 $962 $18,060 $3,610 $14,450
2018 $930 $17,320 $3,460 $13,860
2017 $892 $14,730 $2,940 $11,790
2016 $877 $13,520 $2,700 $10,820
2015 $812 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5836265

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-191