NOT LISTED FOR SALE

Estimated Value: $527,000 - $546,688

6 Beds
-- Bath
2,211 Sq Ft
$244/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $510,000 $231 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,880/month

24 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2023

Triplex-amazing opportunity for now and in the future. Three 2 bed/1 bath units with yard and super nice curb appeal. Units have been meticulously maintained and improved. Should have zero capital expenses for a long time. Rio Salado new development area. Rents have been well under market Projected minimum $900-$1100 per month. Newer doors, brand new security door, new windows, heat pumps and hot water heaters. New asphalt paving for parking areas. Tenants pay APS and cable. Ready for new owner. MAKE OFFER
Large enclosed yard area-west side of complex- currently not used-excellent for use by an owner occupant/privacy .... or add back entrance for each unit Buyer to verify all facts and figures. Excellent condition. LOOK- MUST SEE TO APPRECIATE- Unit #2 next door 2905 is vacant L

Last Agent to Sell the Property

Pamela Peacock

HomeSmart License #BR006140000 Listed on: 03/31/2023

HomeSmart

Last Buyer's Agent

Richard Iwanski

LPT Realty, LLC License #SA676308000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $696

Year Built

  • Built in 1984

Lot Details

  • 7,362

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 135
  • Assessor Parcel Number 122-61-096-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Weir Estates Lots 159 168 Subdivision

Building Details

  • Operating Expense $4,088
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$696

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 24th Street /Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: WEIR ESTATES LOTS 159-168
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1241.0
  • Annual Water Sewer Expense: 420.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 122-61-096-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Insurance Expense: 1131.0
  • Property Net Operating Income: 10800.0
  • Annual Operating Expense: 4088.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 696.0
  • Tax Book Number: 122.00
  • Tax Lot: 135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2019
Sold by
Jones Daniel Eugene
Bought by
Jones Daniel Eugene and The Daniel Eugene Jones Trust
Current Estimated Value
$539,172

Purchase Details

Closed on
Jul 14, 2008
Sold by
Ez Homes Inc
Bought by
Jones Daniel Eugene

Purchase Details

Closed on
Jun 27, 2008
Sold by
Cervantes Salvador
Bought by
Ez Homes Inc

Purchase Details

Closed on
Nov 1, 2005
Sold by
Garcia Veronica Rodriguez
Bought by
Cervantes Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2005
Sold by
Cervantes Salvador
Bought by
Cervantes Salvador and Cervantes Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2005
Sold by
Felix Sara C
Bought by
Cervantes Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2003
Sold by
Hud
Bought by
Felix Sara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,624
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 2002
Sold by
Mortgage Electronic Registration System
Bought by
Hud

Purchase Details

Closed on
Jul 21, 2002
Sold by
Alcocer Luis L
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Nov 13, 2000
Sold by
Joksimovich Gordon
Bought by
Alcocer Luis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,247
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250
Interest Rate
9.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 1995
Sold by
Lettas Gus C and Lettas Kaye Webb
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
7.9%
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
Jones Daniel Eugene -- None Available
Jones Daniel Eugene -- None Available
Ez Homes Inc $109,831 None Available
Cervantes Salvador -- Grand Canyon Title Agency In
Cervantes Salvador -- None Available
Cervantes Salvador $170,000 Grand Canyon Title Agency In
Felix Sara C -- First Southwestern Title
Hud -- First Financial Title Agency
Mortgage Electronic Registration Systems $99,908 First Financial Title Agency
Alcocer Luis L $90,000 Nations Title Insurance
Joksimovich Gordon $37,500 Security Title Agency
Austin Funding Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cervantes Salvador $153,000
Previous Owner Felix Sara C $87,624
Previous Owner Alcocer Luis L $91,247
Previous Owner Joksimovich Gordon $26,250
Previous Owner Austin Funding Inc $7,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2023 05/30/23 Sold $510,000 -3.8% $231 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/25/2023 04/25/23 Price Changed $530,000 -6.2% $240 / Sq Ft
04/13/2023 04/13/23 Price Changed $565,000 -3.9% $256 / Sq Ft
04/13/2023 04/13/23 Price Changed $588,000 -2.0% $266 / Sq Ft
03/31/2023 03/31/23 For Sale $600,000 -- $271 / 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 $750 $4,977 -- --
2024 $710 $4,740 -- --
2023 $710 $31,360 $6,270 $25,090
2022 $696 $22,020 $4,400 $17,620
2021 $710 $18,100 $3,620 $14,480
2020 $701 $14,680 $2,930 $11,750
2019 $679 $14,500 $2,900 $11,600
2018 $660 $11,850 $2,370 $9,480
2017 $630 $7,850 $1,570 $6,280
2016 $599 $6,670 $1,330 $5,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6536991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-61-096A