$151,500
SOLD APR 22, 2014
-- Bed
-- Bath
3,618 Sq Ft
5,576 Sq Ft Lot

Recently Sold

$42 Per Sq Ft

5% Below List Price

9 Days on Market

Highlights

  • Heated Community Pool
  • Individual Controls for Heating
  • 5-minute walk to Palomino Park
  • Cooling Available

About This Home

As of May 2018

Preferred unit mix in Palomino Point: 3 bed/3 bath, 2 bed/2 bath, 2 bed/1.5 bath townhouse and a large 1 bed/1 bath - all with washer dryer hookups and two of these units have washers/dryers! HOA pays the water/sewer/trash and landscaping. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 02/21/2014

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Larry Wright

DeLex Realty License #SA031068000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $932

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 27
  • Assessor Parcel Number 214-39-055

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,276
  • Gross Income $24,775
  • Net Operating Income $14,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$932

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway/32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2013
  • Directions: East to 29th Street, North to complex. From main entrance, travel west to unmarked street/28th Place, turn right, go to end. Build 27 will be on your left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 214-39-055

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24775.2
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 14499.0
  • Annual Operating Expense: 10276.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 932.0
  • Tax Book Number: 214.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2018
Closed on
Apr 10, 2018
Sold by
Murray Aldrin T
Bought by
Zhu Yuntao and Zhou Huajun
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Huajun Zhou
HomeSmart
List Price
$239,900
Sold Price
$233,000
Premium/Discount to List
-$6,900
-2.88%
Current Estimated Value
$602,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,795
Avg. Annual Appreciation
14.17%
Original Mortgage
$174,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2015
Closed on
Dec 8, 2015
Sold by
2825 Paradise Llc
Bought by
Murray Aldrin T
Seller's Agent
Larry Wright
DeLex Realty
Buyer's Agent
Larry Wright
DeLex Realty
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$176,739
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2015
Sold by
Book Lyle and Book Barbara
Bought by
2825 Paradise Llc

Purchase Details

Closed on
Sep 3, 2014
Sold by
2825 Paradise Llc
Bought by
Book Lyle and Book Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,021
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2014
Closed on
Apr 16, 2014
Sold by
Book Lyle and Book Barbara
Bought by
2825 Paradise Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Larry Wright
DeLex Realty
List Price
$159,000
Sold Price
$151,500
Premium/Discount to List
-$7,500
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.10%
Original Mortgage
$112,850
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2014
Closed on
Mar 27, 2014
Sold by
Khromov Sergey and Khromova Anna
Bought by
Book Lyle and Book Barbara
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Larry Wright
DeLex Realty
List Price
$159,000
Sold Price
$151,500
Premium/Discount to List
-$7,500
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,850
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2011
Sold by
Khromov Sergey
Bought by
Khromov Sergey and Khromova Anna

Purchase Details

Closed on
Feb 8, 2011
Sold by
Le Valley Harvey Jean and Le Valley Susanna Elaine
Bought by
Khromov Sergey

Purchase Details

Closed on
Dec 9, 2005
Sold by
Bliven Investments Llc
Bought by
Le Valley Harvey Jean and Le Valley Susanna Elaine

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
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
Paradise Urban Investments Llc
Bought by
Bliven Investments

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
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
Sold by
Paradise Club Llc
Bought by
Paradise Urban 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
$11,257,450
Interest Rate
6.06%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Warranty Deed $239,900 Chicago Title Agency Inc
Warranty Deed $180,000 Chicago Title Agency
Warranty Deed -- Chicago Title Agency Inc
Quit Claim Deed -- Pioneer Title Agency Inc
Quit Claim Deed -- Pioneer Title Agency Inc
Special Warranty Deed -- Chicago Title Agency Inc
Warranty Deed $150,530 Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Cash Sale Deed $90,000 Chicago Title
Warranty Deed $380,000 Tsa Title Agency
Special Warranty Deed $17,300,000 --
Special Warranty Deed $12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 New Conventional
Closed $174,750 New Conventional
Previous Owner $176,739 FHA
Previous Owner $105,021 New Conventional
Previous Owner $112,850 New Conventional
Previous Owner $304,000 Purchase Money Mortgage
Previous Owner $13,125,000 Commercial
Previous Owner $11,257,450 Commercial
Closed $37,950 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $233,000 -2.9% $64 / Sq Ft
05/01/2018 05/01/18 For Sale $239,900 0.0% $66 / Sq Ft
03/26/2018 03/26/18 For Sale $239,900 +33.3% $66 / Sq Ft
12/09/2015 12/09/15 Sold $180,000 -2.7% $50 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $185,000 +22.1% $51 / Sq Ft
04/22/2014 04/22/14 Sold $151,500 -4.7% $42 / Sq Ft
03/01/2014 03/01/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $159,000 -- $44 / 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 $1,364 $13,700 -- --
2024 $1,335 $13,047 -- --
2023 $1,335 $38,780 $7,750 $31,030
2022 $1,322 $26,660 $5,330 $21,330
2021 $1,326 $22,800 $4,560 $18,240
2020 $1,285 $20,150 $4,030 $16,120
2019 $1,286 $17,850 $3,570 $14,280
2018 $1,244 $15,680 $3,130 $12,550
2017 $1,193 $14,820 $2,960 $11,860
2016 $1,173 $13,230 $2,640 $10,590
2015 $1,086 $12,450 $2,490 $9,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5073400

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-055