NOT LISTED FOR SALE

Estimated Value: $281,612 - $410,000

Studio
-- Bath
1,484 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2019

Last sale price $330,000 $222 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,028 / mo

27 Days on Market

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 3-minute walk to Willow Park
  • Phoenix Coding Academy Rated A

About This Home

As of June 2019

VALUE ADD opportunity very motivated seller. Great cash flow with opportunity to remodel and raise rents. Currently 100% occupied with long term tenants all paying on time and wanting to stay. Rents are below market average. They can all be increased with light remodel making this a great value add investor special. Two parcels must be sold together. Creative financing available Call for details. 2845 and 2849 W Taylor st. Parcel 109-27-049 and Parcel 109-27-047 Drive by only do not disturb tenants.

Last Agent to Sell the Property

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 05/07/2019

Last Buyer's Agent

Michael Buttery

Wise Choice Properties License #BR628548000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 1964

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Isaac E IMES Elementary School
  • Isaac Middle School
  • Abraham Lincoln Traditional High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 109-27-049

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 13000

Building Details

  • Operating Expense $9,549
  • Gross Income $33,687
  • Net Operating Income $24,138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,449

Year Built

Built in 1964

Lot Details

6,490 Sq Ft Lot

Listing Details

  • Cross Street: Van Buren and 27th ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Metal
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4800.0

Schools

  • Elementary School: Isaac E Imes School
  • High School: Abraham Lincoln Traditional School
  • Middle Or Junior School: Isaac Middle School

Lot Info

  • Lot Size: 13000
  • Additional Parcels: Yes
  • Parcel #: 109-27-049

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 33687.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 24138.0
  • Annual Operating Expense: 9549.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1449.0
  • Tax Book Number: 109.00
  • Tax Lot: 3

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
May 7, 2019
Closed on
Jun 12, 2019
Sold by
Bought by
Seller's Agent
Andrew Williams
Synchronicity Realty
Buyer's Agent
Michael Buttery
Wise Choice Properties
List Price
$385,000
Sold Price
$330,000
Premium/Discount to List
-$55,000
-14.29%
Current Estimated Value
$365,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,903
Avg. Annual Appreciation
1.48%

Purchase Details

Closed on
May 1, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2010
Sold by
Bought by

Purchase Details

Closed on
May 17, 2006
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
$102,200
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage
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
$165,000 Equity Title Agency Inc
$20,000 First American Title Ins Co
$17,500 Title Management Agency Of A
-- None Available
$60,000 None Available
-- Lawyers Title Insurance Corp
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
Previous Owner $102,200
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
06/15/2019 06/15/19 Sold $330,000 -11.5% $222 / Sq Ft
05/21/2019 05/21/19 Price Changed $373,000 -3.1% $251 / Sq Ft
05/07/2019 05/07/19 For Sale $385,000 -- $259 / 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 $759 $4,669 -- --
2024 $746 $4,447 -- --
2023 $746 $20,910 $4,180 $16,730
2022 $711 $14,160 $2,830 $11,330
2021 $709 $12,750 $2,550 $10,200
2020 $696 $10,760 $2,150 $8,610
2019 $684 $9,160 $1,830 $7,330
2018 $685 $8,210 $1,640 $6,570
2017 $681 $6,850 $1,370 $5,480
2016 $660 $5,100 $1,020 $4,080
2015 $610 $4,410 $880 $3,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5922292

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-27-049

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