NOT LISTED FOR SALE

Estimated Value: $681,000 - $706,000

8 Beds
-- Bath
3,660 Sq Ft
$189/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $625,000 $171 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,010/month

155 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating System Uses Natural Gas

About This Home

As of January 2022

New Roof Feb 2021! Newer A/C units; Dual Pane Windows; Kitchens & Bathrooms remodeled in 2010. Full Sized Washer/Dryer in Indoor Laundry in each unit! Copper Plumbing; Romex Wiring. Large 2/1 units with ~915sf each Private Patios with Block Fencing No HOA; Seasoned Tenants paying below market rents. Median rents in area are $1157/mo! (Rentometer) .All tenants have been there between 4 - 12 years very close to Lookout Mountain. Pro-Forma P&L: Rents $1150 * 4 units * 12 months = $55,200/yr; insurance ($1384); Taxes ($1388): Water, Sewer, Trash ($4560); Maintenance ($2000) esti; House Lights ($540); Net Cash Flow = $45,328. Here is the info I have. The below Pro-Forma shows rents once raised to market values. The expenses are those per previous owner.





Current rents are $650/mo and 3 of the 4 tenants are MTM. We haven't raised rates, since we just recently purchased it (off-market) and wanted to let the next Owner raise them and use their preferred lease template/terms.



Recent Improvements:

Prior owner replaced roof in January 2021.

The A/C units were replaced on these months/years: Unit 1 6/16 Unit 2 8/20 Unit 3 4/18 Unit 4 6/17.

Copper plumbing per prior owner.

August 2021  we just completed new paint on the exterior fascia/trim and staircases. Scraped/sanded, caulked, primed, and painted.

Last Agent to Sell the Property

Greg Johnson

United Southwest Realty License #BR008487000 Listed on: 07/19/2021

Last Buyer's Agent

Greg Johnson

United Southwest Realty License #BR008487000 Listed on: 07/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1985

Lot Details

  • 0.29

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 214-40-204

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Greenway Trails Subdivision

Building Details

  • Operating Expense $1,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,338

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: GREENWAY PARKWAY & 27TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 4 PLEX
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2020
  • Directions: Greenway Rd & Cave Creek Rd
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: GREENWAY TRAILS
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile, Foam

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-40-204

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1338.0

Tax Info

  • Tax Annual Amount: 1338.0
  • Tax Book Number: 214.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Jan 6, 2022
Sold by
Offer Sensible
Bought by
Aci-Beck Lane 2 Llc
Seller's Agent
Greg Johnson
United Southwest Realty
Buyer's Agent
Greg Johnson
United Southwest Realty
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%
Total Days on Market
155
Current Estimated Value
$693,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,333
Avg. Annual Appreciation
3.51%
Original Mortgage
$648,000
Interest Rate
3.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2021
Sold by
Cohan Joseph W and Cohan Jacqueline G
Bought by
True Freedom Achievers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
2.9%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 23, 2010
Sold by
Aurora Loan Services Llc
Bought by
Cohan Joseph W and Cohan Jacqueline G

Purchase Details

Closed on
Jul 6, 2010
Sold by
Lin Jonathan Yuh Yow and Lin Janet Hueying
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 21, 2005
Sold by
Lin Jonathan Yuh Yow and Lin Janet Hueying
Bought by
Jbk Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,920
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2005
Sold by
Conti John R and Conti Deanna G
Bought by
Lin Jonathan Yuh Yow and Lin Janet Hueying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,920
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2004
Sold by
Tauber Jack
Bought by
Conti John R and Conti Deanna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2002
Sold by
Selewa Khoshaba H and Selewa Joan
Bought by
Tauber Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2001
Sold by
Abouna Fred and Abouna Dolores Valdez
Bought by
Selewa Khoshaba H and Selewa Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,250
Interest Rate
6.9%

Purchase Details

Closed on
Dec 12, 2000
Sold by
Bacall Mike
Bought by
Abouna Fred and Abouna Dolores Valdez

Purchase Details

Closed on
Aug 30, 2000
Sold by
Bacall Samantha
Bought by
Bacall Mike

Purchase Details

Closed on
Aug 25, 1998
Sold by
Pineda Petronilo and Pineda Adelaida Jusay
Bought by
Odisho Danis O and Odisho Yeranouhi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,800
Interest Rate
6.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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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
Aci-Beck Lane 2 Llc $625,000 Driggs Title Agency
Aci Beck Lane 2 Llc $625,000 Driggs Title Agency Inc
True Freedom Achievers Llc $535,000 Chicago Title Agency Inc
Cohan Joseph W $75,000 Accommodation
Aurora Loan Services Llc $327,309 Accommodation
Jbk Holdings Llc -- Security Title Agency Inc
Lin Jonathan Yuh Yow $379,900 Security Title Agency Inc
Conti John R $275,000 Security Title Agency
Tauber Jack $188,000 Fidelity National Title
Selewa Khoshaba H -- Chicago Title Insurance Co
Abouna Fred -- --
Bacall Mike -- Security Title Agency
Bacall Mike $140,000 Security Title Agency
Odisho Danis O $125,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aci-Beck Lane 2 Llc $648,000
Closed Aci Beck Lane 2 Llc $648,000
Previous Owner True Freedom Achievers Llc $413,000
Previous Owner True Freedom Achievers Llc $413,000
Previous Owner Lin Jonathan Yuh Yow $303,920
Previous Owner Conti John R $220,000
Previous Owner Tauber Jack $131,250
Previous Owner Selewa Khoshaba H $140,250
Previous Owner Odisho Danis O $96,800
Closed Conti John R $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $625,000 -10.6% $171 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $699,000 -- $191 / 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 $1,420 $14,269 -- --
2024 $1,391 $13,589 -- --
2023 $1,391 $46,600 $9,320 $37,280
2022 $1,377 $31,120 $6,220 $24,900
2021 $1,381 $29,460 $5,890 $23,570
2020 $1,338 $25,830 $5,160 $20,670
2019 $1,340 $20,830 $4,160 $16,670
2018 $1,296 $20,110 $4,020 $16,090
2017 $1,242 $17,050 $3,410 $13,640
2016 $1,221 $14,930 $2,980 $11,950
2015 $1,131 $12,080 $2,410 $9,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6266686

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-204