NOT LISTED FOR SALE

Estimated Value: $475,085 - $707,000

Studio
-- Bath
3,050 Sq Ft
$194/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2018

Last sale price $276,000 $90 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,276 / mo

41 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of June 2018

PRICED TO SELL! SOLID LONG-TERM TENANTS IN PLACE THAT HAVE LONG-TERM LEASES. CASH FLOW!!! AVERAGE RENT IS OVER $600 WHICH TOTALS ~ $29,000/YR. 100% OCCUPIED... NO HOA EITHER (SAVINGS OF ~$8,000/YR). WELL MAINTAINED UNITS. ALMOST ALL OF THE WINDOWS HAVE BEEN REPLACED OVER THE LAST SEVERAL YEARS, TWO NEWER AC UNITS AND 3 RECENTLY REPLACED WATER HEATERS AND SECURITY DOORS FOR EACH UNIT. NEWER PAINT THROUGHOUT AND REGULAR MAINTENANCE HAS BEEN CONDUCTED AS NEEDED.

Last Agent to Sell the Property

Gina Hollman

HomeSmart License #SA657029000 Listed on: 03/10/2018

HomeSmart

Last Buyer's Agent

Gina Hollman

HomeSmart License #SA657029000 Listed on: 03/10/2018

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $887

Year Built

  • Built in 1984

Lot Details

  • 9,975

Home Design

  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

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 14
  • Assessor Parcel Number 214-40-189

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $3,837
  • Gross Income $28,980
  • Net Operating Income $24,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$887

Year Built

Built in 1984

Lot Details

9,975 Sq Ft Lot

Listing Details

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

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Heat Pump, Individual, None
  • 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1100.0
  • Annual Water Sewer Expense: 1100.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-40-189

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28980.0
  • Insurance Expense: 750.0
  • Property Net Operating Income: 24343.0
  • Annual Operating Expense: 3837.0

Tax Info

  • Tax Annual Amount: 887.0
  • Tax Book Number: 214.00
  • Tax Lot: 14

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

Closed on
Jan 29, 2019
Sold by
Bought by
Current Estimated Value
$590,271

Purchase Details

Listed on
Mar 10, 2018
Closed on
Aug 14, 2018
Sold by
Bought by
Seller's Agent
Gina Hollman
HomeSmart
Buyer's Agent
Gina Hollman
HomeSmart
List Price
$329,000
Sold Price
$276,000
Premium/Discount to List
-$53,000
-16.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$210,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 10, 2018
Closed on
Jun 26, 2018
Sold by
Bought by
Seller's Agent
Gina Hollman
HomeSmart
Buyer's Agent
Gina Hollman
HomeSmart
List Price
$329,000
Sold Price
$276,000
Premium/Discount to List
-$53,000
-16.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 10, 2018
Closed on
Jun 25, 2018
Sold by
Bought by
Seller's Agent
Gina Hollman
HomeSmart
Buyer's Agent
Gina Hollman
HomeSmart
List Price
$329,000
Sold Price
$276,000
Premium/Discount to List
-$53,000
-16.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 28, 2012
Closed on
Apr 3, 2013
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
H. Reginald Sanchez
HomeSmart
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$108,750
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2012
Closed on
Feb 25, 2013
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
H. Reginald Sanchez
HomeSmart
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2007
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
$280,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 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
$217,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 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
$217,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 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
$204,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 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
$184,000
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 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
$159,375
Interest Rate
5.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2002
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
$155,200
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2001
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
$128,400
Interest Rate
7.21%
Mortgage Type
New Conventional
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
-- Accommodation
-- Pioneer Title Agency Inc
$276,000 Chicago Title Agency Inc
-- Chicago Title Agency Inc
-- Chicago Title Agency Inc
$145,000 Clear Title Agency Inc
$75,000 First American Title Ins Co
-- Lsi Title Company
$235,328 None Available
$350,000 Stewart Title & Trust Of Pho
-- Stewart Title & Trust Of Pho
$319,880 Stewart Title & Trust Of Pho
-- Security Title Agency Inc
-- Security Title Agency Inc
$310,000 Security Title Agency Inc
$255,000 Transnation Title
$230,000 Transnation Title Ins Co
$212,500 American Title Ins Agency Az
$189,000 Fidelity National Title
$160,500 Capital 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
Previous Owner $210,000
Previous Owner $108,750
Previous Owner $108,750
Previous Owner $280,000
Previous Owner $217,000
Previous Owner $217,000
Previous Owner $204,000
Previous Owner $184,000
Previous Owner $159,375
Previous Owner $155,200
Previous Owner $128,400
Closed $16,000
Closed $38,800
Closed $25,500
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
06/29/2018 06/29/18 Sold $276,000 -8.0% $90 / Sq Ft
05/15/2018 05/15/18 Price Changed $299,900 -8.8% $98 / Sq Ft
05/07/2018 05/07/18 For Sale $329,000 0.0% $108 / Sq Ft
05/07/2018 05/07/18 Price Changed $329,000 0.0% $108 / Sq Ft
04/23/2018 04/23/18 For Sale $329,000 0.0% $108 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
04/18/2018 04/18/18 Price Changed $329,000 -0.3% $108 / Sq Ft
04/13/2018 04/13/18 Price Changed $329,900 -2.7% $108 / Sq Ft
03/10/2018 03/10/18 For Sale $339,000 +133.8% $111 / Sq Ft
04/04/2013 04/04/13 Sold $145,000 -2.7% $48 / Sq Ft View Prior Sale
02/06/2013 02/06/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $149,000 -- $49 / 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 $1,042 $10,193 -- --
2024 $993 $9,708 -- --
2023 $993 $43,880 $8,770 $35,110
2022 $984 $31,230 $6,240 $24,990
2021 $986 $25,410 $5,080 $20,330
2020 $956 $22,250 $4,450 $17,800
2019 $957 $18,030 $3,600 $14,430
2018 $926 $17,320 $3,460 $13,860
2017 $887 $14,760 $2,950 $11,810
2016 $873 $13,470 $2,690 $10,780
2015 $808 $11,230 $2,240 $8,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5735338

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-189

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