NOT LISTED FOR SALE

Estimated Value: $413,889

-- Bed
-- Bath
2,112 Sq Ft
$196/Sq Ft Est. Value

Last Sold April 09, 2015

Last sale price $109,000 $52 Per Sq Ft

Est. 280% increase in value since last sale

Current estimated payment $2,234/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2015

The Wier Avenue Triplex is a single-story, frame building with 1 one bedroom/one bath, 1 two bedroom/one bath and 1 three bedroom/one bath units built in 1986. In good condition, all three units were completely remodeled in 2007 with new kitchen cabinets, tile floors, and a new roof.

Last Agent to Sell the Property

Jan Long

West USA Realty License #SA037234000 Listed on: 02/25/2015

West USA Realty

Last Buyer's Agent

Jan Long

West USA Realty License #SA037234000 Listed on: 02/25/2015

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $603

Year Built

  • Built in 1986

Lot Details

  • 7,275

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Roosevelt Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 122-55-012-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr
  • Ben Jo Estates Lots 137 158 Subdivision

Building Details

  • Gross Income $19,038
  • Net Operating Income $9,239

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$603

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Broadway & S. 24th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1800.0
  • Subdivision Name: BEN-JO ESTATES LOTS 137-158
  • Tax Parcel Letter: A
  • 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: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >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

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1750.0

Schools

  • Elementary School: Roosevelt Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 122-55-012-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 19038.0
  • Insurance Expense: 587.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 9239.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 602.78
  • Tax Book Number: 122.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2015
Closed on
Apr 4, 2015
Sold by
Vallera Aldo and Vallera Antonietta
Bought by
Landon Steven and Landon Melissa
Seller's Agent
Jan Long
West USA Realty
Buyer's Agent
Jan Long
West USA Realty
List Price
$109,000
Sold Price
$109,000
Current Estimated Value
$413,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,889
Avg. Annual Appreciation
13.24%
Original Mortgage
$76,300
Outstanding Balance
$58,780
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$355,109

Purchase Details

Closed on
Apr 26, 2010
Sold by
Bac Investments Llc
Bought by
Vallera Aldo and Vallera Antonietta

Purchase Details

Closed on
Jun 15, 2009
Sold by
Ayoola Olatunde O
Bought by
Bac Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,600
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2006
Sold by
Ayoola Nichole V
Bought by
Ayoola Olatunde O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,800
Interest Rate
8.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 1, 2006
Sold by
Yanez Paul F
Bought by
Ayoola Olatunde O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,800
Interest Rate
8.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 22, 2005
Sold by
Yanez Cynthia
Bought by
Yanez Paul F

Purchase Details

Closed on
Jul 22, 2004
Sold by
Foresight Investment Group Llc
Bought by
Speciality Properties Investments Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,875
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2004
Sold by
Specialty Properties Investments Corp
Bought by
Yanez Paul F and Yanez Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,875
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2003
Sold by
Hurd Bill and Joksimovish Gordon
Bought by
Specialty Properties Investments Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2002
Sold by
Hurd Bill
Bought by
Hurd Bill and Young Marvin

Purchase Details

Closed on
Jun 6, 2002
Sold by
Hurd Bill
Bought by
Young Marvin

Purchase Details

Closed on
May 6, 2002
Sold by
Daniel Otis Marie
Bought by
Hurd Bill

Purchase Details

Closed on
Apr 19, 2001
Sold by
Hurd Bill
Bought by
Hurd Bill and Daniel Otis Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
9.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 28, 2001
Sold by
Joksimovich Gordon
Bought by
Hurd Bill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
9.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 9, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250
Interest Rate
7.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 1995
Sold by
Sanberg David L
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
7.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Landon Steven $109,000 Driggs Title Agency Inc
Vallera Aldo $58,000 First Arizona Title Agency
Bac Investments Llc $35,200 None Available
Ayoola Olatunde O -- Arizona Title Agency Inc
Ayoola Olatunde O $162,000 Arizona Title Agency Inc
Yanez Paul F -- Fidelity National Title
Speciality Properties Investments Corp -- Security Title Agency
Yanez Paul F $138,500 Security Title Agency
Specialty Properties Investments Corp $21,187 --
Hurd Bill -- --
Young Marvin -- --
Hurd Bill -- --
Hurd Bill -- American Title Insurance
Hurd Bill $90,000 Nations Title Insurance
Joksimovich Gordon $37,500 Security Title
Austin Funding Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landon Steven $76,300
Previous Owner Bac Investments Llc $17,600
Previous Owner Ayoola Olatunde O $145,800
Previous Owner Yanez Paul F $103,875
Previous Owner Specialty Properties Investments Corp $30,000
Previous Owner Hurd Bill $72,000
Previous Owner Joksimovich Gordon $26,250
Previous Owner Austin Funding Inc $7,500
Closed Hurd Bill $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2015 04/09/15 Sold $109,000 0.0% $52 / Sq Ft
02/28/2015 02/28/15 Pending -- -- --
02/25/2015 02/25/15 For Sale $109,000 -- $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 $774 $5,131 -- --
2024 $732 $4,887 -- --
2023 $732 $30,460 $6,090 $24,370
2022 $718 $21,380 $4,270 $17,110
2021 $732 $17,580 $3,510 $14,070
2020 $723 $14,280 $2,850 $11,430
2019 $700 $14,150 $2,830 $11,320
2018 $681 $11,500 $2,300 $9,200
2017 $649 $7,610 $1,520 $6,090
2016 $617 $6,470 $1,290 $5,180
2015 $581 $5,500 $1,100 $4,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5242470

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-55-012A