NOT LISTED FOR SALE

Estimated Value: $289,000 - $507,670

Studio
3 Baths
1,225 Sq Ft
$361/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $493,500 $403 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,334/month

19 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

Discover this fantastic investment opportunity in this triplex property! Each unit boasts a welcoming living room with a soothing palette and an eat-in kitchen with ample cabinetry and built-in appliances. The bedrooms are cozy, with soft carpeting underfoot. Outdoors, you'll find a common backyard perfect for unwinding at the end of a long day. Unit one has 3 bedrooms while units two and three only have two bedrooms. Located near Downtown Phoenix, 10 minutes from Arcadia and Old Town Scottsdale, minutes from 202 Freeway, ASU. Don't miss out this opportunity to live in one property and rent the others! Rents - Unit 1 Vacant Unit 2 $825 Unit 3 $995

Last Agent to Sell the Property

Michael Smith

Barrett Real Estate License #BR635584000 Listed on: 10/09/2024

Barrett Real Estate

Last Buyer's Agent

Pamela Vega

HomeSmart License #SA040722000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $838

Year Built

  • Built in 1930

Lot Details

  • 7,536

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 120-27-012

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 55x138

Building Details

  • Operating Expense $838

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$838

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: McDowell Rd & 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Metes & Bounds
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, Street Parking
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 55x138
  • Additional Parcels: No
  • Parcel #: 120-27-012

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Operating Expense: 838.0

Tax Info

  • Tax Annual Amount: 838.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Nov 20, 2024
Sold by
Lost Indian Land Co Llc
Bought by
Miranda Manuel
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
Pamela Vega
HomeSmart
List Price
$500,000
Sold Price
$493,500
Premium/Discount to List
-$6,500
-1.3%
Views
13
Current Estimated Value
$442,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,082
Avg. Annual Appreciation
-9.37%
Original Mortgage
$493,500
Outstanding Balance
$488,876
Interest Rate
6.44%
Mortgage Type
VA
Estimated Equity
-$46,458

Purchase Details

Closed on
Apr 12, 2019
Sold by
Barbie John
Bought by
Lost Indian Land Co Llc

Purchase Details

Closed on
Jan 25, 2017
Sold by
Eckert Bonnie
Bought by
Barbie John

Purchase Details

Closed on
May 3, 2016
Sold by
Eckert Frank
Bought by
Eckert Bonnie and Estate Of Frank Eckert Jr

Purchase Details

Closed on
Oct 22, 2015
Sold by
Eckert Frank J
Bought by
Eckert Frank J

Purchase Details

Closed on
Dec 16, 2004
Sold by
Eckert Frank J
Bought by
Eckert Frank J and Eckert Bonnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2004
Sold by
Eckert Bonnie L
Bought by
Eckert Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
5.74%
Mortgage Type
Commercial
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
Miranda Manuel $493,500 Fidelity National Title Agency
Miranda Manuel $493,500 Fidelity National Title Agency
Lost Indian Land Co Llc -- None Available
Barbie John $140,000 North American Title Company
Eckert Bonnie -- None Available
Eckert Frank J -- None Available
Eckert Frank J -- Chicago Title Insurance Co
Eckert Frank J -- Chicago Title Insurance Co
Eckert Frank J $94,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miranda Manuel $493,500
Closed Miranda Manuel $493,500
Previous Owner Eckert Frank J $84,600
Previous Owner Eckert Frank J $84,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $493,500 -1.3% $403 / Sq Ft
11/25/2024 11/25/24 Price Changed $500,000 0.0% $408 / Sq Ft
11/21/2024 11/21/24 For Sale $500,000 0.0% $408 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/09/2024 10/09/24 For Sale $500,000 -- $408 / 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 $240 $6,525 -- --
2024 $838 $6,214 -- --
2023 $838 $30,080 $6,010 $24,070
2022 $806 $21,310 $4,260 $17,050
2021 $825 $17,280 $3,450 $13,830
2020 $805 $13,730 $2,740 $10,990
2019 $799 $12,020 $2,400 $9,620
2018 $783 $10,270 $2,050 $8,220
2017 $753 $9,660 $1,930 $7,730
2016 $724 $7,650 $1,530 $6,120
2015 $673 $6,070 $1,210 $4,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6768763

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-27-012