NOT LISTED FOR SALE

Estimated Value: $403,263 - $640,000

Studio
-- Bath
3,050 Sq Ft
$181/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2020

Last sale price $405,000 $133 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,074 / mo

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Patio

About This Home

As of December 2020

4 Plex, block build 1984. Tenant Rights - DO NOT DISTURB!

Last Agent to Sell the Property

Jamie Rosen

West USA Realty Brokerage Email: Dick@LHMRealty.com License #SA669178000 Listed on: 10/22/2020

Co-Listed By

Dick Rosen

LHM Realty Brokerage Email: Dick@LHMRealty.com License #BR641680000

Last Buyer's Agent

Michael Bennett

ATLAS AZ, LLC License #SA692576000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $952

Year Built

  • Built in 1984

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Available
  • Free Parking
  • On-Street Parking
  • 4 Open Parking Spaces

Outdoor Features

  • Patio

Schools

  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection
  • Tax Lot 2
  • Assessor Parcel Number 214-40-177

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9616 sq ft
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $8,508
  • Gross Income $30,935
  • Net Operating Income $22,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$952

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 27th St & Marconi Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2411.0
  • Co List Office Mls Id: lhml001
  • Co List Office Phone: 480-382-1608
  • Subdivision Name: ANDREA VILLAS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Stucco
  • Roof: Built-Up

Garage/Parking

  • Parking Features: Open, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 9616 sq ft
  • Additional Parcels: No
  • Parcel #: 214-40-177

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 30934.68
  • Maintenance Expense: 765.0
  • Property Net Operating Income: 22426.0
  • Annual Operating Expense: 8508.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 952.0
  • Tax Book Number: 214.0
  • 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
Oct 22, 2020
Closed on
Dec 9, 2020
Sold by
Bought by
Seller's Agent
Jamie Rosen
West USA Realty
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$375,000
Sold Price
$405,000
Premium/Discount to List
$30,000
8%
Current Estimated Value
$553,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,566
Avg. Annual Appreciation
5.87%
Original Mortgage
$283,500
Outstanding Balance
$251,121
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$302,445

Purchase Details

Closed on
Mar 8, 2019
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
$213,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2014
Closed on
Mar 27, 2014
Sold by
Bought by
Seller's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
Buyer's Agent
Dawn Rajda
Coldwell Banker Realty
List Price
$185,900
Sold Price
$179,000
Premium/Discount to List
-$6,900
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$133,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2005
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
$256,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 4, 2003
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
$195,600
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2000
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
$13,000
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 1998
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
$94,500
Interest Rate
6.91%
Mortgage Type
Commercial
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

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
$405,000 First Integrity Title
-- Arizona Premier Title
$179,000 Chicago Title Agency Inc
$85,000 Empire West Title Agency Llc
$285,281 None Available
$320,000 Security Title Agency
-- Security Title Agency Inc
$244,500 Ticor Title Agency Of Arizon
$130,000 First American Title
$105,000 Old Republic Title Agency
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
Open $283,500
Previous Owner $213,500
Previous Owner $133,500
Previous Owner $256,000
Previous Owner $195,600
Previous Owner $13,000
Previous Owner $94,500
Closed $104,000
Closed $32,000
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 Prior Sale
12/11/2020 12/11/20 Sold $405,000 +8.0% $133 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $375,000 +109.5% $123 / Sq Ft
04/01/2014 04/01/14 Sold $179,000 -3.7% $59 / Sq Ft View Prior Sale
03/05/2014 03/05/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $185,900 -- $61 / 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 $1,038 $10,155 -- --
2024 $990 $9,672 -- --
2023 $990 $43,710 $8,740 $34,970
2022 $980 $31,120 $6,220 $24,900
2021 $983 $25,280 $5,050 $20,230
2020 $952 $22,130 $4,420 $17,710
2019 $954 $17,970 $3,590 $14,380
2018 $922 $17,270 $3,450 $13,820
2017 $884 $14,720 $2,940 $11,780
2016 $869 $13,420 $2,680 $10,740
2015 $805 $11,200 $2,240 $8,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6151216

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-177

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