NOT LISTED FOR SALE

Estimated Value: $586,149 - $649,000

Studio
-- Bath
3,100 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2018

Last sale price $345,000 $111 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,472 / mo

193 Days on Market

About This Home

As of September 2018

The nicest 4-plex on the block for sale ! ! !
New foam roof, all updated apartments with paint, tiles, granite countertops, new kitchens, plumbing and electric. All apts. have 1 carport parking. Owner pays for water, sewer, trash and taxes. Tenants pay electric and cable. There's no HOA !
Bring all your investors with substantial cash ! ! !

Last Agent to Sell the Property

Adrian Stamenov

Realty ONE Group License #SA539804000 Listed on: 02/10/2018

Realty ONE Group

Last Buyer's Agent

Mark Sumstine

Realty ONE Group License #SA632021000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $888

Year Built

  • Built in 1987

Lot Details

  • 9,496

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 214-40-249

Community Details

Overview

  • 4 Units
  • Building Dimensions are 120 x 90
  • Sandra Villas Subdivision

Building Details

  • Operating Expense $6,192
  • Gross Income $31,200
  • Net Operating Income $25,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$888

Year Built

Built in 1987

Lot Details

9,496 Sq Ft Lot

Listing Details

  • Cross Street: Cave Creek Rd. & Greenway Pkway.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Sandra Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump
  • 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: 1440.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 120 x 90
  • Additional Parcels: No
  • Parcel #: 214-40-249

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Insurance Expense: 880.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 25896.0
  • Annual Operating Expense: 6192.0

Tax Info

  • Tax Annual Amount: 888.0
  • Tax Book Number: 214.00
  • Tax Lot: 2

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

Listed on
Feb 10, 2018
Closed on
Sep 14, 2018
Sold by
Bought by
Seller's Agent
Adrian Stamenov
Realty ONE Group
Buyer's Agent
Mark Sumstine
Realty ONE Group
List Price
$359,900
Sold Price
$345,000
Premium/Discount to List
-$14,900
-4.14%
Current Estimated Value
$617,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,037
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Nov 14, 2017
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
$210,750
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 2014
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
$119,630
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2008
Sold by
Bought by

Purchase Details

Closed on
May 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 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
$310,250
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
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
$177,330
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$345,000 Roc Title Agency Llc
$281,000 Driggs Title Agency Inc
-- None Available
$165,000 Pioneer Title Agency Inc
$69,200 None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$365,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
-- First American Title Ins Co
-- --
-- --
$84,000 First American 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 $210,750
Previous Owner $119,630
Previous Owner $115,500
Previous Owner $60,000
Previous Owner $310,250
Previous Owner $177,330
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
09/18/2018 09/18/18 Sold $345,000 -4.1% $111 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
08/07/2018 08/07/18 Price Changed $359,900 -2.7% $116 / Sq Ft
08/01/2018 08/01/18 Price Changed $369,900 +2.8% $119 / Sq Ft
08/01/2018 08/01/18 For Sale $359,900 0.0% $116 / Sq Ft
08/01/2018 08/01/18 Price Changed $359,900 0.0% $116 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $359,900 +4.3% $116 / Sq Ft
04/12/2018 04/12/18 Off Market $345,000 -- --
02/10/2018 02/10/18 For Sale $359,900 -- $116 / 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 $1,043 $10,202
2024 $994 $9,717
2023 $994 $44,270 $8,850 $35,420
2022 $984 $31,500 $6,300 $25,200
2021 $987 $25,550 $5,110 $20,440
2020 $957 $22,430 $4,480 $17,950
2019 $958 $18,200 $3,640 $14,560
2018 $927 $17,600 $3,520 $14,080
2017 $888 $15,620 $3,120 $12,500
2016 $873 $14,300 $2,860 $11,440
2015 $809 $11,850 $2,370 $9,480
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5722057

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-249

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