NOT LISTED FOR SALE

Estimated Value: $432,000 - $547,000

-- Bed
-- Bath
-- Sq Ft
2023 Built

Last Sold July 02, 2024

Last sale price $613,000

Est. 16% decrease in value since last sale

Current estimated payment $2,892/month

141 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of July 2024

Front unit is ready to see! New construction with amazing finishes and everything you need to reap the best rents in the area. Less than 10 minutes from Downtown Phoenix. Upgrades to consider:
-butcher countertops
-porcelain wood-like floors
-stainless steel appliances
-white shaker cabinets with upgraded fixtures
-in unit laundry
-brand new hvac
-brand new water heaters
-3 bed/ 2 bath when most comparable units in the area have 2 beds
-warranties

Last Agent to Sell the Property

Steele Nash

eXp Realty License #SA699499000 Listed on: 01/03/2024

eXp Realty

Co-Listed By

Ari Jakobov

eXp Realty License #SA699624000

Last Buyer's Agent

Wendy Heller

HomeSmart License #SA653397000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $468

Year Built

  • Built in 2023

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 105-09-070-H

Community Details

Overview

  • 2 Units
  • Building Dimensions are 61 x 113

Building Details

  • Operating Expense $3,868
  • Gross Income $47,564
  • Net Operating Income $47,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$468

Year Built

Built in 2023

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: W Buckeye Rd & S 27th Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2023
  • Co List Office Mls Id: xpre07
  • Co List Office Phone: 888-897-7821
  • Tax Parcel Letter: H
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Perc Test
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 61 x 113
  • Additional Parcels: No
  • Parcel #: 105-09-070-H

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 2
  • Annual Gross Income: 47564.0
  • Property Net Operating Income: 47470.0
  • Annual Operating Expense: 3868.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 468.0
  • Tax Book Number: 105.00
  • Tax Lot: na

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jul 1, 2024
Sold by
Group Developments Llc
Bought by
Mohan Suchitra and Sankaran Sriram
Seller's Agent
Steele Nash
eXp Realty
Buyer's Agent
Wendy Heller
HomeSmart
List Price
$628,500
Sold Price
$613,000
Premium/Discount to List
-$15,500
-2.47%
Views
24
Current Estimated Value
$514,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,770
Avg. Annual Appreciation
-10.28%
Original Mortgage
$429,100
Outstanding Balance
$424,004
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$90,226

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jun 27, 2024
Sold by
Group Developments Llc
Bought by
Mohan Suchitra and Sankaran Sriram
Seller's Agent
Steele Nash
eXp Realty
Buyer's Agent
Wendy Heller
HomeSmart
List Price
$628,500
Sold Price
$613,000
Premium/Discount to List
-$15,500
-2.47%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,100
Outstanding Balance
$424,004
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$90,226

Purchase Details

Closed on
Jun 28, 2022
Sold by
A5 Residential Llc
Bought by
Group Developments Llc
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

Date Buyer Sale Price Title Company
Mohan Suchitra $613,000 Wfg National Title Insurance C
Mohan Suchitra $613,000 Wfg National Title Insurance C
Group Developments Llc $110,000 Pioneer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohan Suchitra $429,100
Closed Mohan Suchitra $429,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $613,000 -2.5% --
06/28/2024 06/28/24 Price Changed $628,500 0.0% --
05/24/2024 05/24/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $628,500 0.0% --
05/07/2024 05/07/24 Pending -- -- --
05/04/2024 05/04/24 Price Changed $628,500 0.0% --
05/04/2024 05/04/24 For Sale $628,500 -1.8% --
04/20/2024 04/20/24 Pending -- -- --
04/10/2024 04/10/24 Price Changed $639,900 -3.8% --
02/14/2024 02/14/24 Price Changed $664,990 -2.9% --
01/03/2024 01/03/24 For Sale $685,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,917 $3,902 $3,902 --
2024 $468 $3,716 $3,716 --
2023 $468 $7,529 $7,529 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6641375

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-09-070H

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