NOT LISTED FOR SALE
12 Beds
6 Baths
778 Sq Ft
1960 Built

Sale Details

Date Sold: May 15, 2018

Last sale price $550,000 $707 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of May 2018

Don't miss this unique property! 6 individual houses on one lot. Each unit has heat-pump and a fenced yard with their own carport. Close to shopping centers and the free way.

Last Agent to Sell the Property

Imelda Reyes

West USA Realty License #SA555249000 Listed on: 03/22/2018

West USA Realty

Last Buyer's Agent

Serge Martinez

West USA Realty License #SA564950000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,403

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Stucco

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water
  • Assessor Parcel Number 120-01-032-B

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • Building Dimensions are 82X325

Building Details

  • Operating Expense $13,984
  • Gross Income $54,417
  • Net Operating Income $44,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,403

Year Built

Built in 1960

Listing Details

  • Cross Street: Thomas & 40th St Directions
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Year Built: 1960
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt, Private Street
  • Tax Parcel Letter: B
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Other, See Remarks
  • Roof: See Remarks, Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1920.0
  • Annual Water Sewer Expense: 2680.0

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 82X325
  • Additional Parcels: No
  • Parcel #: 120-01-032-B

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 54417.0
  • Insurance Expense: 3325.0
  • Maintenance Expense: 3234.0
  • Property Net Operating Income: 44519.0
  • Annual Operating Expense: 13984.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2403.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

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
Nov 9, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 2020
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
$795,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 22, 2018
Closed on
May 7, 2018
Sold by
Bought by
Seller's Agent
Imelda Reyes
West USA Realty
Buyer's Agent
Serge Martinez
West USA Realty
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
0.0444%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2017
Sold by
Bought by

Purchase Details

Closed on
May 20, 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
$315,000
Interest Rate
0.0572%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 1998
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 1994
Sold by
Bought by
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
-- None Available
$1,065,000 Commonwealth Title
$550,000 Commonwealth Land Title Insu
-- None Available
$505,000 Old Republic Title Agency
-- --
$160,000 Fidelity 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
Closed $795,000
Closed $385,000
Closed $315,000
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
05/15/2018 05/15/18 Sold $550,000 -1.8% $707 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $560,000 -- $720 / 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 $2,813 $20,828 -- --
2024 $2,677 $19,836 -- --
2023 $2,677 $82,970 $16,590 $66,380
2022 $2,571 $57,870 $11,570 $46,300
2021 $2,634 $49,470 $9,890 $39,580
2020 $2,570 $40,510 $8,100 $32,410
2019 $2,552 $33,500 $6,700 $26,800
2018 $2,499 $28,130 $5,620 $22,510
2017 $2,403 $26,860 $5,370 $21,490
2016 $2,310 $23,300 $4,660 $18,640
2015 $2,149 $20,220 $4,040 $16,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5740164

Arizona Regional Multiple Listing Service (ARMLS)
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