NOT LISTED FOR SALE

Estimated Value: $425,000 - $658,472

Studio
10 Baths
4,400 Sq Ft
$129/Sq Ft Est. Value

Last Sold November 12, 2018

Last sale price $209,400 $48 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $3,026/month

101 Days on Market

Highlights

  • Multiple cooling system units
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of November 2018

**INVESTOR OPPORTUNITY - BANK OWNED AND BACK ON MARKET
THIS 3 UNIT MULTI FAMILY COMPLEX BOASTS 3 GREAT UNITS:
UNIT 1: 3BDR/3BATH 1200 SQ FEET.
UNIT 2: 1 BDR/ 1BATH 500 SQ FEET
UNIT 3: 3 BDR/2 BATH 1350 SQ FEET

UNITS WERE RENTING $ 750, $550, $ 850, WHEN OCCUPIED PROVIDING A 7.7% CAP RATE. AMPLE PARKING BETWEEN UNITS. CONNECTED TO CITY SEWER AND EACH UNIT HAS IT'S OWN ELECTRIC, WATER. OWNER PAYS SEWER, TRASH AND TENANT EVERYTHING ELSE. COMPLEX NEEDS WORK. EVERY UNIT WAS VANDALIZED WHEN LEFT VACANT AND WILL NEED TO BE REMODELED WHICH WILL INCREASE RENTS. GREAT INCOME OPPORTUNITY IN A GROWING AREA OF PHOENIX.

Last Agent to Sell the Property

Sandra Johnson

The Agency License #BR579404000 Listed on: 07/11/2018

The Agency

Co-Listed By

Dana Zazueta

Compass License #SA658463000

Last Buyer's Agent

Mauricio Leiva

North American Realty License #BR116816000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 1948

Lot Details

  • 0.4

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Alfred F Garcia Elementary And Middle School
  • Carl Hayden High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, sewer
  • Legal Lot and Block 10 / 1
  • Assessor Parcel Number 105-09-024

Community Details

Overview

  • 3 Units
  • Building Dimensions are 17,395 SQ FEET
  • Buckeye Road Acres Add Subdivision

Building Details

  • Operating Expense $14,348

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,248

Year Built

Built in 1948

Lot Details

0.4 Acres

Listing Details

  • Cross Street: 27TH AVE AND BUCKEYE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: osbr01
  • Co List Office Phone: 602-748-0724
  • Subdivision Name: BUCKEYE ROAD ACRES ADD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Alfred F Garcia School
  • High School: Carl Hayden High School
  • Middle Or Junior School: Alfred F Garcia School

Lot Info

  • Lot Size: 17,395 SQ FEET
  • Additional Parcels: No
  • Parcel #: 105-09-024

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 5400.0
  • Insurance Expense: 1700.0
  • Maintenance Expense: 1000.0
  • Annual Operating Expense: 14348.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1248.0
  • Tax Block: 1
  • Tax Book Number: 105.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2022
Sold by
Ayala Guadalupe Daniel Estrada
Bought by
Ayala Guadalupe Daniel Estra and Trujillo Maria E
Current Estimated Value
$568,868

Purchase Details

Listed on
Jul 11, 2018
Closed on
Nov 14, 2018
Sold by
Trujillo Maria E
Bought by
Ayala Guadalupe Daniel Estrada
Seller's Agent
Sandra Johnson
The Agency
Buyer's Agent
Mauricio Leiva
North American Realty
List Price
$209,400
Sold Price
$209,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.76%
Original Mortgage
$210,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 11, 2018
Closed on
Oct 29, 2018
Sold by
Midfirst Bank
Bought by
Ayala Guadalupe Daniel Estrada
Seller's Agent
Sandra Johnson
The Agency
Buyer's Agent
Mauricio Leiva
North American Realty
List Price
$209,400
Sold Price
$209,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2014
Sold by
Rodriguez Martin Orozco and Orozco Ana Guadalupe
Bought by
Midfirst Bank

Purchase Details

Closed on
Nov 7, 2007
Sold by
Kasparian Viken and Kasparian Cortney
Bought by
Rodriguez Martin Orozco and Orozco Ana Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,407
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2005
Sold by
Testamentar Helm Georgina Miller
Bought by
Kasparian Viken and Kasparian Courtney
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

Date Buyer Sale Price Title Company
Ayala Guadalupe Daniel Estra -- None Listed On Document
Ayala Guadalupe Daniel Estrada -- First American Title
Ayala Guadalupe Daniel Estrada $209,400 First American Title Insuran
Midfirst Bank $223,216 None Available
Rodriguez Martin Orozco $270,000 Fidelity National Title
Kasparian Viken $95,000 Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayala Guadalupe Daniel Estrada $210,000
Previous Owner Rodriguez Martin Orozco $264,407
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2018 11/12/18 Sold $209,400 0.0% $48 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $209,400 0.0% $48 / Sq Ft
09/24/2018 09/24/18 Price Changed $209,400 -10.7% $48 / Sq Ft
08/28/2018 08/28/18 Price Changed $234,400 -14.6% $53 / Sq Ft
08/07/2018 08/07/18 Price Changed $274,400 +0.1% $62 / Sq Ft
08/02/2018 08/02/18 Price Changed $274,000 -5.3% $62 / Sq Ft
07/11/2018 07/11/18 Price Changed $289,400 0.0% $66 / Sq Ft
07/02/2018 07/02/18 For Sale $289,500 -- $66 / 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 $1,152 $9,210 -- --
2024 $1,105 $8,772 -- --
2023 $1,105 $36,920 $7,380 $29,540
2022 $1,060 $24,120 $4,820 $19,300
2021 $1,123 $20,650 $4,130 $16,520
2020 $1,085 $16,850 $3,370 $13,480
2019 $1,073 $16,360 $3,270 $13,090
2018 $1,051 $14,330 $2,860 $11,470
2017 $1,011 $13,570 $2,710 $10,860
2016 $1,025 $10,930 $2,180 $8,750
2015 $955 $9,260 $1,850 $7,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5791711

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-09-024

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