NOT LISTED FOR SALE

Estimated Value: $415,885 - $549,000

Studio
-- Bath
3,618 Sq Ft
$135/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2018

Last sale price $235,000 $65 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,777 / mo

3 Days on Market

Highlights

  • Private Pool
  • Sport Court
  • Patio
  • Clubhouse
  • Cooling Available
  • Community Barbecue Grill

About This Home

As of April 2018

Great investment opportunity at this price. There is one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Convenient location, near the 51 Freeway and public transportation. Services are in walking distance and elementary school is right across the street. Building has been updated & well maintained. Gated community has pool, multiple play areas and BBQ's. Each apartment has a balcony or private patio. This is a great passive investment for those who want to put their money into an incredible cash flowing property. Please do not walk property. Do not disturb tenants.

Last Agent to Sell the Property

Jill Anderson

Russ Lyon Sotheby's International Realty License #SA538355000 Listed on: 02/10/2018

Co-Listed By

Katie Atkison

Success Property Brokers License #SA558149000

Last Buyer's Agent

Fuyou Liu

Delex Realty License #SA638149000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,235

Year Built

  • Built in 1982

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Available
  • Free Parking
  • Open Parking

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 33
  • Assessor Parcel Number 214-39-061

Community Details

Overview

  • 4 Units
  • Building Dimensions are 82.45 X 93.23 X 82.48 X 93.47
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Sport Court
  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $14,395
  • Gross Income $28,785
  • Net Operating Income $14,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,235

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Greenway & 29th Street
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2520.0
  • Co List Office Mls Id: lyon05
  • Co List Office Phone: 480-488-2400
  • Subdivision Name: GREENWAY MANOR
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Building(s) Only
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire Sprinklers, Fire/Smoke Alarm(s)

Exterior Features

  • Pool Private: Yes
  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam
  • Exterior Amenities: Green Landscaping, Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Free, 1 Space/Unit, Carport

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Security: Fire Sprinklers
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Pool, Clubhouse, Play Area, Sport Court, Barbecue

Schools

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

Lot Info

  • Lot Size: 82.45 X 93.23 X 82.48 X 93.47
  • Additional Parcels: No
  • Parcel #: 214-39-061

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 28785.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 14390.0
  • Annual Operating Expense: 14395.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1235.0
  • Tax Book Number: 214.0
  • Tax Lot: 33

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

Listed on
Feb 10, 2018
Closed on
Feb 15, 2018
Sold by
Bought by
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Fuyou Liu
Delex Realty
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%
Current Estimated Value
$488,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,962
Avg. Annual Appreciation
9.24%
Original Mortgage
$176,250
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2010
Sold by
Bought by

Purchase Details

Closed on
May 24, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 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
$304,000
Interest Rate
0.03%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 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
$13,125,000
Interest Rate
0.0564%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
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
$11,257,450
Interest Rate
0.0606%
Mortgage Type
Commercial
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
$235,000 First American Title Insuran
-- First American Title Insuran
$84,000 Driggs Title Agency Inc
$84,000 Driggs Title Agency
-- Driggs Title Agency Inc
$380,000 None Available
$380,000 Tsa Title Agency
$17,300,000 --
$12,100,000 Fidelity National 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
Open $280,000
Previous Owner $176,250
Previous Owner $304,000
Previous Owner $13,125,000
Previous Owner $11,257,450
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
04/06/2018 04/06/18 Sold $235,000 -2.0% $65 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $239,900 -- $66 / 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 $1,449 $14,183
2024 $1,382 $13,508
2023 $1,382 $40,210 $8,040 $32,170
2022 $1,368 $27,600 $5,520 $22,080
2021 $1,372 $23,830 $4,760 $19,070
2020 $1,330 $21,060 $4,210 $16,850
2019 $1,332 $18,400 $3,680 $14,720
2018 $1,288 $16,110 $3,220 $12,890
2017 $1,235 $15,170 $3,030 $12,140
2016 $1,214 $13,710 $2,740 $10,970
2015 $1,124 $12,780 $2,550 $10,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5721920

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-061

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