NOT LISTED FOR SALE

Estimated Value: $380,585 - $675,000

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

Last Sold December 23, 2013

Last sale price $170,000 $56 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $3,146/month

33 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available

About This Home

As of December 2013

Investment Opportunity. Nice, clean 4-Plex recently rehabbed. All units with above average surfaces & fixtures, including granite, new cabinets, vanities, plumbing fixtures, carpet, paint, etc. Each unit also has new A/C units, and all new windows and doors, including screened security door. Each unit has appliances that stay with the property and each unit has washer/dryer hookup (washer/dryer not incl). Monthly income of $1,980 in rent. See additional info in doc tab.

Last Agent to Sell the Property

Ray Milliman

HomeSmart License #SA037826000 Listed on: 10/10/2013

HomeSmart

Last Buyer's Agent

Marla Wicks

DeLex Realty License #SA537509000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1984

Lot Details

  • 9,845

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Palomino Primary Elementary School
  • Greenway High Middle School
  • North Canyon High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 214-40-179

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9830
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $5,727
  • Net Operating Income $15,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Greenway Parkway & Cave Creek
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Andrea Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Other (See Remarks), W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

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

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1620.0
  • Annual Water Sewer Expense: 1620.0

Schools

  • Elementary School: Palomino Primary School
  • High School: North Canyon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway High School

Lot Info

  • Lot Size: 9830
  • Additional Parcels: No
  • Parcel #: 214-40-179

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 968.0
  • Property Net Operating Income: 15045.0
  • Annual Operating Expense: 5727.22

Tax Info

  • Tax Annual Amount: 679.22
  • Tax Book Number: 214.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2013
Closed on
Dec 12, 2013
Sold by
Xue Xinwei
Bought by
Deng Ying
Seller's Agent
Ray Milliman
HomeSmart
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$197,500
Sold Price
$170,000
Premium/Discount to List
-$27,500
-13.92%
Current Estimated Value
$590,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,896
Avg. Annual Appreciation
10.85%
Original Mortgage
$127,500
Outstanding Balance
$95,709
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$495,187

Purchase Details

Listed on
Oct 10, 2013
Closed on
Dec 4, 2013
Sold by
Jica Homes Llc
Bought by
Deng Ying
Seller's Agent
Ray Milliman
HomeSmart
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$197,500
Sold Price
$170,000
Premium/Discount to List
-$27,500
-13.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Outstanding Balance
$95,709
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$495,187

Purchase Details

Listed on
Sep 20, 2012
Closed on
Nov 26, 2012
Sold by
Chan Jason Howard
Bought by
Jica Homes Llc
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Ray Milliman
HomeSmart
List Price
$159,500
Sold Price
$135,000
Premium/Discount to List
-$24,500
-15.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.04%
Original Mortgage
$94,500
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2012
Closed on
Nov 21, 2012
Sold by
Belisto Steven and Belsito Cheyenne
Bought by
Chan Jason Howard
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Ray Milliman
HomeSmart
List Price
$159,500
Sold Price
$135,000
Premium/Discount to List
-$24,500
-15.36%

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
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Belsito Steven and Belsito Cheyenne

Purchase Details

Closed on
Dec 5, 2008
Sold by
Hsbc Mortgage Corporation
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Oct 27, 2008
Sold by
Han Jung Ha and Han Christina B
Bought by
Hsbc Mortgage Corporation

Purchase Details

Closed on
Nov 13, 2007
Sold by
Rucker Ryan
Bought by
Han Jung Ha and Han Christina B

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
Flores Jeffrey
Bought by
Rucker Ryan

Purchase Details

Closed on
Feb 15, 2007
Sold by
Flores Kathleen
Bought by
Flores Jeffrey

Purchase Details

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

Purchase Details

Closed on
Mar 8, 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
$213,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2005
Sold by
Savin Barry E and Savin Rachel D
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
$213,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2004
Sold by
Bessen Robert J and Bessen Amy Z
Bought by
Savin Barry E and Savin Rachel D

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 12, 2003
Sold by
Bessen Robert J and Bessen Amy Z
Bought by
Bessen Robert J and Bessen Amy Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2002
Sold by
Zobler Erich
Bought by
Bessen Robert J and Bessen Amy Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 8, 2002
Sold by
Allen Theodore O
Bought by
Zobler Erich

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
Nov 16, 2000
Sold by
Kafka Richard J and Kafka Lisa A
Bought by
Allen Theodore O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.82%

Purchase Details

Closed on
May 7, 1999
Sold by
Mcallister Bernadette B
Bought by
Kafka Richard J and Kafka Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,375
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deng Ying -- Chicago Title Agency Inc
Deng Ying $170,000 Chicago Title Agency Inc
Jica Homes Llc -- None Available
Chan Jason Howard -- Chicago Title Agency Inc
Chan Jason Howard $135,000 Chicago Title Agency Inc
Belsito Steven $76,900 First American Title Ins Co
Federal Home Loan Mortgage Corp -- Lsi Title Company
Hsbc Mortgage Corporation $303,435 None Available
Han Jung Ha $350,000 Stewart Title & Trust Of Pho
Rucker Ryan -- Stewart Title & Trust Of Pho
Flores Jeffrey -- Stewart Title & Trust Of Pho
Flores Jeffrey -- None Available
Rucker Ryan $315,387 Stewart Title & Trust Of Pho
Chaparral Investment Properties Llc -- Security Title Agency Inc
Park Michael S -- Security Title Agency Inc
Park Michael S $305,000 Security Title Agency Inc
Savin Barry E $255,000 Transnation Title
Bessen Robert J -- Security Title Agency
Bessen Robert J $210,000 Transnation Title Insurance
Zobler Erich $194,000 First American Title
Allen Theodore O $155,000 American Title Insurance
Kafka Richard J $82,500 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deng Ying $127,500
Closed Deng Ying $127,500
Previous Owner Chan Jason Howard $94,500
Previous Owner Chan Jason Howard $94,500
Previous Owner Han Jung Ha $280,000
Previous Owner Park Michael S $213,500
Previous Owner Park Michael S $213,500
Previous Owner Savin Barry E $204,000
Previous Owner Bessen Robert J $189,000
Previous Owner Bessen Robert J $168,000
Previous Owner Bessen Robert J $168,000
Previous Owner Zobler Erich $155,200
Previous Owner Allen Theodore O $139,500
Previous Owner Kafka Richard J $78,375
Closed Zobler Erich $38,800
Closed Savin Barry E $25,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2013 12/23/13 Sold $170,000 -13.9% $56 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/10/2013 10/10/13 For Sale $197,500 +46.3% $65 / Sq Ft
11/28/2012 11/28/12 Sold $135,000 -15.4% $44 / Sq Ft View Prior Sale
10/23/2012 10/23/12 Pending -- -- --
09/20/2012 09/20/12 For Sale $159,500 -- $52 / 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 $1,040 $10,181 -- --
2024 $992 $9,696 -- --
2023 $992 $43,810 $8,760 $35,050
2022 $982 $31,200 $6,240 $24,960
2021 $985 $25,360 $5,070 $20,290
2020 $955 $22,210 $4,440 $17,770
2019 $956 $18,010 $3,600 $14,410
2018 $924 $17,310 $3,460 $13,850
2017 $886 $14,730 $2,940 $11,790
2016 $872 $13,460 $2,690 $10,770
2015 $807 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5013299

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-179