NOT LISTED FOR SALE

Estimated Value: $483,441 - $685,000

Studio
-- Bath
2,464 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $250,000 $101 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $3,060/month

128 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2020

Drive by only. Do not disturb tenants or set foot on the property without an accepted offer.

This duplex is fully occupied with long term tenants. Each unit features 3 bedrooms, 2 bathrooms, tile flooring, all kitchen appliances, spacious living rooms, inside laundry and designated carport parking. Average rents are $875 and leases go through April of 2021.

Last Agent to Sell the Property

Michael Van Vleck

Denali Real Estate, LLC License #BR630836000 Listed on: 03/23/2020

Last Buyer's Agent

Michael Buttery

Wise Choice Properties License #BR628548000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,287

Year Built

  • Built in 2007

Lot Details

  • 7,928

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stone Exterior Construction

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Roosevelt Elementary School
  • South Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 132
  • Assessor Parcel Number 122-20-073

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7917 Sq ft

Building Details

  • Operating Expense $5,387
  • Gross Income $20,580
  • Net Operating Income $16,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,287

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: E. Broadway Road & S. 24th Street
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2019
  • Road Surface Type: Concrete
  • Professional Management Expense: 1200.0
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stone, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Central A/C
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Roosevelt Elementary School

Lot Info

  • Lot Size: 7917 Sq ft
  • Additional Parcels: No
  • Parcel #: 122-20-073

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 20580.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 16900.0
  • Annual Operating Expense: 5387.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1287.0
  • Tax Book Number: 122.00
  • Tax Lot: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2021
Sold by
Dagher Tarek
Bought by
Naditika Llc
Current Estimated Value
$562,360

Purchase Details

Listed on
Mar 23, 2020
Closed on
Aug 12, 2020
Sold by
Dagher Rana Hamdan
Bought by
Dagher Tarek
Seller's Agent
Michael Van Vleck
Denali Real Estate, LLC
Buyer's Agent
Michael Buttery
Wise Choice Properties
List Price
$254,900
Sold Price
$250,000
Premium/Discount to List
-$4,900
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%
Original Mortgage
$185,300
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2010
Sold by
Kayfetz Benjamin
Bought by
Bee Kay Holdings Lp

Purchase Details

Closed on
Jun 18, 2010
Sold by
International Realty Solutions Llc Serie
Bought by
Kayfetz Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2010
Sold by
Klever Investor Llc
Bought by
International Realty Solutions Series 21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2010
Sold by
Deines Robert L and Deines Elaine M
Bought by
Klever Investor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2007
Sold by
Rebl Holdings Llc
Bought by
Deines Robert L and Deines Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2006
Sold by
Bada Michael G and Bada Patricia A
Bought by
Rebl Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2005
Sold by
Bada Michael G and Bada Patricia A
Bought by
Bada Michael G and Bada Patricia A
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
Naditika Llc -- None Available
Dagher Tarek -- Empire West Title Agency Llc
Dagher Tarek $247,800 Empire West Title Agency Llc
Bee Kay Holdings Lp -- Security Title Agency
Kayfetz Benjamin $75,000 Security Title Agency
International Realty Solutions Series 21 $72,600 Magnus Title Agency
Klever Investor Llc $65,201 None Available
Deines Robert L -- Grand Cyn Title Agency Inc
Rebl Holdings Llc $75,500 The Talon Group Tramonto
Bada Michael G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dagher Tarek $185,300
Previous Owner Kayfetz Benjamin $48,750
Previous Owner International Realty Solutions Series 21 $40,000
Previous Owner Deines Robert L $215,000
Previous Owner Rebl Holdings Llc $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2020 08/20/20 Sold $250,000 -1.9% $101 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $254,900 0.0% $103 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/09/2020 06/09/20 Price Changed $254,900 -1.9% $103 / Sq Ft
03/23/2020 03/23/20 For Sale $259,900 -- $105 / 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 $1,423 $9,437 -- --
2024 $1,347 $8,988 -- --
2023 $1,347 $39,370 $7,870 $31,500
2022 $1,320 $24,600 $4,920 $19,680
2021 $1,347 $19,960 $3,990 $15,970
2020 $1,330 $18,030 $3,600 $14,430
2019 $1,287 $16,550 $3,310 $13,240
2018 $1,252 $13,730 $2,740 $10,990
2017 $1,194 $11,270 $2,250 $9,020
2016 $1,135 $9,960 $1,990 $7,970
2015 $1,069 $8,010 $1,600 $6,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6055616

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-20-073