NOT LISTED FOR SALE

Estimated Value: $550,000 - $642,000

Studio
-- Bath
3,618 Sq Ft
$166/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $635,000 $176 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,206/month

70 Days on Market

Highlights

  • Heated Community Pool
  • Community Barbecue Grill
  • Ceiling Fan
  • Community Playground
  • Central Air
  • Heat Pump System

About This Home

As of October 2023

Great Four Plex in a PERFECT LOCATION, near the 51 Freeway, shopping Dinning, hiking, etc... 4 units; One - 3 Bd / 3 Bth, Two - 2 Bd / 2 Bth units and One - 1 Bd / 1 Bth. Tenants love the huge interiors with modern layouts and in-unit full size washer/dryer. One unit is wood vinyl flooring & other three are tile/carpet mix. Kitchens have been remodeled with granite/quartz, commercial faucets, stainless steel sinks. Bathrooms have waterfall style faucets. All new interior six panel doors, handles, hinges and hardware. Baseboards all new. 2units freshly painted. A/C's were serviced beginning of summer. Building has covered parking and extra uncovered spots! HOA Includes Water, Sewer, Trash, and Common Areas. Washers & Dryers in each unit and included in sale. This is a Turn Key Investment! Unit 101 - $1,250 - Lease ends 1/09/2024, Unit 102 - $1,050 - Lease ends 12/30/2023, Unit 103 - $1,199 - Lease ends 10/30/2023 - Tenants provided notice to leave 7/30/2023, Unit 201 - $1,150- Lease ends 7/30/2023 - Pending Renewal
Home Warranty on the entire property renewed in May 2023

Last Agent to Sell the Property

Alan Kittelman

Venture REI, LLC License #BR549414000 Listed on: 07/13/2023

Venture REI, LLC

Last Buyer's Agent

Alan Kittelman

Venture REI, LLC License #BR549414000 Listed on: 07/13/2023

Venture REI, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,334

Year Built

  • Built in 1982

Lot Details

  • 6,055

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 53
  • Assessor Parcel Number 214-39-081

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70x89
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $20,893
  • Gross Income $55,788
  • Net Operating Income $36,229

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,334

Year Built

Built in 1982

Lot Details

6,055 Sq Ft Lot

Listing Details

  • Cross Street: E Greenway Pkwy & Hwy 51
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Private Street
  • Professional Management Expense: 4512.0
  • Subdivision Name: GREENWAY MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 70x89
  • Additional Parcels: No
  • Parcel #: 214-39-081

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 55788.0
  • Insurance Expense: 4948.0
  • Property Net Operating Income: 36228.8
  • Annual Operating Expense: 20893.2

Tax Info

  • Tax Annual Amount: 1334.0
  • Tax Book Number: 214.00
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Oct 4, 2023
Sold by
Middlebrooks Vontres
Bought by
10422 Llc
Seller's Agent
Alan Kittelman
Venture REI, LLC
Buyer's Agent
Alan Kittelman
Venture REI, LLC
List Price
$699,995
Sold Price
$635,000
Premium/Discount to List
-$64,995
-9.29%
Views
22
Current Estimated Value
$599,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,585
Avg. Annual Appreciation
-2.39%
Original Mortgage
$468,750
Outstanding Balance
$458,021
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Estimated Equity
$141,394

Purchase Details

Listed on
Dec 14, 2021
Closed on
May 4, 2022
Sold by
Kevin Raab
Bought by
Middlebrooks Vontres
Seller's Agent
Alexis Marchionda
My Home Group Real Estate
Buyer's Agent
Lisa Schugg
eXp Realty
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.24%
Original Mortgage
$468,750
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2019
Closed on
Dec 26, 2019
Sold by
Vu Vincent and Ho Lynn T
Bought by
Raab Kevin
Seller's Agent
Randy Ruan
Realty ONE Group
Buyer's Agent
Alexis Marchionda
My Home Group Real Estate
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.15%
Original Mortgage
$363,298
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 11, 2016
Closed on
Jan 12, 2017
Sold by
Brooks Ericka M
Bought by
Vu Vincent and Ho Lynn T
Seller's Agent
Dominic Arnold
AZ Prime Property Management
Buyer's Agent
Chunhui Ruan
Delex Realty
List Price
$199,500
Sold Price
$193,000
Premium/Discount to List
-$6,500
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.87%
Original Mortgage
$141,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2014
Closed on
Oct 29, 2014
Sold by
Cusack Kay E and Michael Cusack R
Bought by
Brooks Ericka M
Seller's Agent
Robert Davis
RMG Realty
Buyer's Agent
Jamison Briley
Real Estate Brokers of Arizona
List Price
$179,000
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%
Original Mortgage
$175,757
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 2008
Sold by
Wells Fargo Bank National Association
Bought by
Cusack Kay E and Michael Cusack R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,701
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2008
Sold by
Rothfuss Vera Ellen
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 29, 2005
Sold by
Bliven Investments Llc
Bought by
Rothfuss Vera Ellen

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
3%
Mortgage Type
Negative Amortization
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
10422 Llc $635,000 Investors Title
Middlebrooks Vontres $675,000 First Arizona Title
Raab Kevin $370,000 Chicago Title Agency
Vu Vincent $188,000 Fidelity Natl Title Agency I
Brooks Ericka M $179,000 First American Title
Cusack Kay E $234,900 Chicago Title
Wells Fargo Bank Na $243,450 None Available
Rothfuss Vera Ellen $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 10422 Llc $468,750
Previous Owner Middlebrooks Vontres $468,750
Previous Owner Raab Kevin $363,298
Previous Owner Vu Vincent $141,000
Previous Owner Brooks Ericka M $175,757
Previous Owner Cusack Kay E $230,701
Previous Owner Rothfuss Vera Ellen $304,000
Closed Rothfuss Vera Ellen $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2023 10/02/23 Sold $635,000 -6.6% $176 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/06/2023 09/06/23 Price Changed $680,000 -2.9% $188 / Sq Ft
08/22/2023 08/22/23 Price Changed $699,995 0.0% $193 / Sq Ft
08/22/2023 08/22/23 For Sale $699,995 0.0% $193 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $699,995 +3.7% $193 / Sq Ft
05/05/2022 05/05/22 Sold $675,000 +3.8% $187 / Sq Ft View Prior Sale
03/23/2022 03/23/22 For Sale $650,000 0.0% $180 / Sq Ft
03/23/2022 03/23/22 Price Changed $650,000 -3.7% $180 / Sq Ft
01/24/2022 01/24/22 Off Market $675,000 -- --
12/14/2021 12/14/21 For Sale $645,000 +74.3% $178 / Sq Ft
12/31/2019 12/31/19 Sold $370,000 -1.3% $102 / Sq Ft View Prior Sale
12/11/2019 12/11/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $375,000 +94.3% $104 / Sq Ft
01/27/2017 01/27/17 Sold $193,000 -1.0% $53 / Sq Ft View Prior Sale
12/08/2016 12/08/16 Price Changed $195,000 -2.3% $54 / Sq Ft
11/11/2016 11/11/16 For Sale $199,500 +11.5% $55 / Sq Ft
12/05/2014 12/05/14 Sold $179,000 0.0% $49 / Sq Ft View Prior Sale
10/28/2014 10/28/14 Pending -- -- --
10/09/2014 10/09/14 For Sale $179,000 -- $49 / Sq Ft
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 $1,413 $13,828 -- --
2024 $1,348 $13,170 -- --
2023 $1,348 $39,160 $7,830 $31,330
2022 $1,334 $26,910 $5,380 $21,530
2021 $1,338 $23,060 $4,610 $18,450
2020 $1,297 $20,380 $4,070 $16,310
2019 $1,298 $17,980 $3,590 $14,390
2018 $1,256 $15,800 $3,160 $12,640
2017 $1,204 $14,910 $2,980 $11,930
2016 $1,184 $13,360 $2,670 $10,690
2015 $1,096 $12,530 $2,500 $10,030
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6579557

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-081

Your Personal Tour Guide

Ask me questions while you tour the home.