NOT LISTED FOR SALE

Estimated Value: $640,000 - $712,000

Studio
-- Bath
3,000 Sq Ft
$226/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $355,000 $118 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,593/month

322 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of November 2019

Nice 4-plex for sale in the desirable north Phoenix location ! All 2BD, 1BA in a block construction building, W/D hook up in every apartment, updated interiors and exterior, all 4 brand new water heaters, paint, plumbing, windows ext. There's a room for rent increase.
Buyer to verify all figures and numbers.

Last Agent to Sell the Property

Adrian Stamenov

Realty ONE Group License #SA539804000 Listed on: 10/25/2018

Realty ONE Group

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $914

Year Built

  • Built in 1984

Lot Details

  • 9,670

Parking

  • Assigned Parking

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 214-40-190

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100x120
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $4,114
  • Gross Income $32,400
  • Net Operating Income $27,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$914

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd. & Greenway Pkwy.
  • 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
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

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

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 #: 214-40-190

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 27400.0
  • Annual Operating Expense: 4114.0

Tax Info

  • Tax Annual Amount: 914.0
  • Tax Book Number: 214.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Richards Elaine
Bought by
Castillo Emmanuel A and Castillo Blanca
Current Estimated Value
$677,499

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
$32,216

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 26, 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
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$266,250
Interest Rate
3.6%
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 Valeriy
Bought by
Nortop Vega Llc

Purchase Details

Closed on
Nov 20, 2012
Sold by
Ron Herb Growth Fund Llc
Bought by
Stamenov Valeriy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2010
Sold by
Cotterkey Growth Fund Llc
Bought by
Ron Herb Growth Fund 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
4.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 22, 2010
Sold by
Brandory Investments Llc
Bought by
Cotterkey Groth Fund 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
4.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 18, 2010
Sold by
Leon Jesus Raul
Bought by
Brandory Investments 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
4.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 24, 2008
Sold by
Rodriguez Monica
Bought by
Leon Jesus Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2008
Sold by
Park Michael S
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Mar 20, 2008
Sold by
Rucker Ryan
Bought by
Damiano Dennis

Purchase Details

Closed on
May 24, 2007
Sold by
Flores Jeffrey
Bought by
Rucker Ryan

Purchase Details

Closed on
Jan 30, 2007
Sold by
Chaparral Investment Properties Llc
Bought by
Rucker Ryan

Purchase Details

Closed on
Mar 11, 2005
Sold by
Park Michael S
Bought by
Chaparral Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.53%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 9, 2005
Sold by
Drabik Jaroslaw
Bought by
Park Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.53%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 8, 2005
Sold by
Park Cecilia W
Bought by
Park Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.53%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 31, 2003
Sold by
Jaworska Drabik Beata
Bought by
Drabik Jaroslaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2003
Sold by
Wesley Diane M
Bought by
Drabik Jaroslaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 1999
Sold by
Poplin Thomas G and Poplin Leah
Bought by
Wesley Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 1997
Sold by
Hud
Bought by
Poplin Jerry and Poplin Leah

Purchase Details

Closed on
Feb 7, 1996
Sold by
Ge Capital Mtg Services Inc
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
Castillo Emmanuel A $700,000 Pioneer Title Agency
Richards Elaine $355,000 Chicago Title Agency
Stamenov Adrian $199,999 Stewart Title & Trust Of Pho
Nortop Vega Llc -- Accommodation
Stamenov Valeriy $140,000 Clear Title Agency Of Arizon
Ron Herb Growth Fund Llc -- None Available
Cotterkey Groth Fund Llc -- Accommodation
Brandory Investments Llc $50,201 Security Title Agency
Leon Jesus Raul -- None Available
Leon Jesus Raul $175,000 Great American Title Agency
Aurora Loan Services Llc $237,020 None Available
Damiano Dennis $305,000 None Available
Rucker Ryan -- Stewart Title & Trust Of Pho
Rucker Ryan $328,986 Stewart Title & Trust Of Pho
Chaparral Investment Properties Llc -- Security Title Agency Inc
Park Michael S $320,000 Security Title Agency Inc
Park Michael S -- Security Title Agency Inc
Drabik Jaroslaw -- Transnation Title Ins Co
Drabik Jaroslaw $236,000 Transnation Title Ins Co
Wesley Diane M $115,000 First American Title
Poplin Jerry -- First Southwestern Title
Hud -- First Southwestern Title
Ge Capital Mtg Services Inc -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Emmanuel A $650,000
Previous Owner Richards Elaine $266,250
Previous Owner Stamenov Valeriy $105,000
Previous Owner Ron Herb Growth Fund Llc $65,000
Previous Owner Leon Jesus Raul $140,000
Previous Owner Park Michael S $64,000
Previous Owner Chaparral Investment Properties Llc $64,000
Previous Owner Park Michael S $64,000
Previous Owner Park Michael S $224,000
Previous Owner Drabik Jaroslaw $224,200
Previous Owner Drabik Jaroslaw $224,200
Previous Owner Wesley Diane M $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2019 11/27/19 Sold $355,000 -6.6% $118 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $379,900 0.0% $127 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
08/24/2019 08/24/19 Price Changed $379,900 +5.6% $127 / Sq Ft
07/27/2019 07/27/19 Price Changed $359,900 -2.7% $120 / Sq Ft
05/31/2019 05/31/19 For Sale $369,900 0.0% $123 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/11/2019 05/11/19 For Sale $369,900 0.0% $123 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
04/02/2019 04/02/19 Price Changed $369,900 +2.8% $123 / Sq Ft
02/08/2019 02/08/19 For Sale $359,900 0.0% $120 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
11/05/2018 11/05/18 For Sale $359,900 0.0% $120 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $359,900 -- $120 / 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 $1,028 $10,061 -- --
2024 $981 $9,582 -- --
2023 $981 $43,260 $8,650 $34,610
2022 $971 $30,810 $6,160 $24,650
2021 $974 $25,050 $5,010 $20,040
2020 $943 $21,930 $4,380 $17,550
2019 $945 $17,780 $3,550 $14,230
2018 $914 $17,100 $3,420 $13,680
2017 $876 $14,560 $2,910 $11,650
2016 $861 $13,280 $2,650 $10,630
2015 $798 $11,070 $2,210 $8,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5838467

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-190