$205,000
SOLD MAY 22, 2017
-- Bed
-- Bath
3,618 Sq Ft
5,750 Sq Ft Lot

Recently Sold

$57 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Clubhouse
  • Community Playground
  • Ceramic Tile Flooring
  • Heated Community Pool
  • Community Barbecue Grill
  • Central Air

About This Home

As of September 2022

Wow! Super Investment property in North Phoenix location, just minutes from 51 freeway. Across from Palomino School and Park. HOA fee includes water, trash, landscaping, and pool upkeep. Tenant pays electric on individual meters. All units have washer & dryer hook-ups & covered parking. Check these rents:One 3 bed $793, two 2 beds $665 each & One 1 bed $565. Great cash flow.

Last Agent to Sell the Property

Marty Stephens

HomeSmart License #BR017689000 Listed on: 04/14/2017

HomeSmart

Last Buyer's Agent

Randy Smith

My Home Group Real Estate License #SA539564000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,177

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 52
  • Assessor Parcel Number 214-39-080

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $10,477
  • Gross Income $31,611
  • Net Operating Income $21,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,177

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway and 29th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2016
  • Directions: North on 29th Street to Entrance of Palomino Pointe on West side of street. Drive through to first street, left to Kathleen. Building 52 is on the corner of Kathleen to the right & across from park.
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

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

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes
  • Community Amenities:Clubhouse: Yes

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: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-080

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31610.88
  • Insurance Expense: 960.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 21133.0
  • Annual Operating Expense: 10477.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1177.0
  • Tax Book Number: 214.00
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Aug 14, 2019
Sold by
Koduri Satya Lakshmi Sruti
Bought by
Karnati Vamshi
Seller's Agent
Randy Smith
My Home Group Real Estate
Buyer's Agent
Curtis Dean
Compass
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%
Current Estimated Value
$676,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,636
Avg. Annual Appreciation
13.28%
Original Mortgage
$236,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2019
Closed on
Jul 29, 2019
Sold by
Kingdom Properties Iii Llc
Bought by
Katari Venkatesh and Kommaraju Vikram
Seller's Agent
Randy Smith
My Home Group Real Estate
Buyer's Agent
Curtis Dean
Compass
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
May 22, 2017
Sold by
Kme-Four Llc
Bought by
Kingdom Properties Iii Ll C
Seller's Agent
Marty Stephens
HomeSmart
Buyer's Agent
Randy Smith
My Home Group Real Estate
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.24%
Interest Rate
4.02%

Purchase Details

Listed on
May 19, 2015
Closed on
Jun 9, 2015
Sold by
Lee James and Lee Susan
Bought by
Kme Four Llc
Seller's Agent
Robert Davis
RMG Realty
Buyer's Agent
Marty Stephens
HomeSmart
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
Mar 8, 2011
Sold by
R & S Partners Lp
Bought by
Lee James and Lee Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,875
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2006
Sold by
Byrnes Randall
Bought by
R & S Partners Lp

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
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2005
Sold by
Byrnes Susan P
Bought by
Byrnes Randall

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
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Empire West Title Agency Llc
Deed -- Empire West Title Agency Llc
Warranty Deed $315,000 Empire West Title Agency Llc
Deed $205,000 --
Cash Sale Deed $180,000 First American Title Ins Co
Warranty Deed $90,000 Magnus Title Agency
Quit Claim Deed -- Tsa Title Agency
Interfamily Deed Transfer -- Tsa Title Agency
Warranty Deed $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Previous Owner -- No Value Available
Previous Owner $61,875 New Conventional
Previous Owner $304,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold $652,500 -2.6% $180 / Sq Ft
09/16/2022 09/16/22 Price Changed $670,000 0.0% $185 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $670,000 -0.7% $185 / Sq Ft
06/20/2022 06/20/22 For Sale $675,000 0.0% $187 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $675,000 +114.3% $187 / Sq Ft
08/15/2019 08/15/19 Sold $315,000 -3.1% $87 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
06/07/2019 06/07/19 Price Changed $325,000 -3.0% $90 / Sq Ft
05/13/2019 05/13/19 For Sale $335,000 +63.4% $93 / Sq Ft
05/22/2017 05/22/17 Sold $205,000 -2.4% $57 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $210,000 +16.7% $58 / Sq Ft
06/08/2015 06/08/15 Sold $180,000 -5.2% $50 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $189,900 -- $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 $1,368 $13,747 -- --
2024 $1,340 $13,092 -- --
2023 $1,340 $38,950 $7,790 $31,160
2022 $1,326 $26,770 $5,350 $21,420
2021 $1,330 $22,910 $4,580 $18,330
2020 $1,289 $20,250 $4,050 $16,200
2019 $1,291 $17,910 $3,580 $14,330
2018 $1,248 $15,730 $3,140 $12,590
2017 $1,197 $14,860 $2,970 $11,890
2016 $1,177 $13,280 $2,650 $10,630
2015 $1,090 $12,480 $2,490 $9,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5590518

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-080