NOT LISTED FOR SALE

Estimated Value: $524,316 - $790,000

-- Bed
-- Bath
2,882 Sq Ft
$235/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $285,000 $99 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $3,750/month

32 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • The Creighton Academy Rated 9+

About This Home

As of March 2018

Awesome investment opportunity with 100% occupancy! All units are 2 bed 1 bath and the property is situated canalside also within a cul de sac. Previously remodeled with two toned paint, white baseboards, custom tile flooring throughout, newer kitchen appliances, cabinetry, countertops, bathrooms, tubs, interior and exterior doors, closets, light fixtures, dual pane windows, the works! Newer ACs, roof and water heaters complete the dream.

Last Agent to Sell the Property

Patricia Cain

Ascend Realty License #BR536800000 Listed on: 12/14/2017

Last Buyer's Agent

Rebecca O'Brien

HomeSmart License #SA668027000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1971

Lot Details

  • 0.37

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 120-27-030-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 25,551 SQ FT
  • Creighton School Place Subdivision

Building Details

  • Operating Expense $10,246
  • Gross Income $28,080
  • Net Operating Income $18,581

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 32ND ST AND MCDOWELL ROAD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R - 3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Directions: West on McDowell, North on 31st Street, West on Coronado to property on South side of street.
  • Road Surface Type: Asphalt
  • Subdivision Name: Creighton School Place
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

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

Lot Info

  • Lot Size: 25,551 SQ FT
  • Additional Parcels: No
  • Parcel #: 120-27-030-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 28080.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 18581.0
  • Annual Operating Expense: 10246.04
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1686.04
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2017
Closed on
Feb 28, 2018
Sold by
Chambers Woodruff Ariel and Chambers Woodruff Ariel
Bought by
Ramirez Gabriel and Ramirez Rebecca
Seller's Agent
Patricia Cain
Ascend Realty
Buyer's Agent
Rebecca O'Brien
HomeSmart
List Price
$295,900
Sold Price
$285,000
Premium/Discount to List
-$10,900
-3.68%
Total Days on Market
32
Current Estimated Value
$676,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,829
Avg. Annual Appreciation
12.62%
Original Mortgage
$213,750
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2013
Closed on
Jan 27, 2014
Sold by
East Coronado Llc
Bought by
Chambers Woodruff Ariel
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$219,622
Interest Rate
4.46%
Mortgage Type
VA

Purchase Details

Listed on
Dec 3, 2010
Closed on
Mar 9, 2012
Sold by
Paulsrud Brett and Rioff Joseph
Bought by
East Coronado Llc
Seller's Agent
Dustin Defrates
Sterling Fine Properties
Buyer's Agent
Chad Vice
HomeSmart
List Price
$224,900
Sold Price
$178,000
Premium/Discount to List
-$46,900
-20.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.34%
Original Mortgage
$132,375
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2010
Closed on
Mar 7, 2012
Sold by
Rioff Monique
Bought by
Rioff Joseph
Seller's Agent
Dustin Defrates
Sterling Fine Properties
Buyer's Agent
Chad Vice
HomeSmart
List Price
$224,900
Sold Price
$178,000
Premium/Discount to List
-$46,900
-20.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,375
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Fannie Mae
Bought by
Pikula Anett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2010
Sold by
Vatistas John
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 12, 2007
Sold by
Vatistas John
Bought by
2949 E Coronado Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2007
Sold by
Vatistas Tasha
Bought by
Vatistas John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2007
Sold by
Emc Mortgage Corp
Bought by
Vatistas John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2007
Sold by
Hamana Lillian
Bought by
Emc Mortgage Corp

Purchase Details

Closed on
Jul 6, 2006
Sold by
Hamana Arkan
Bought by
Hamana Lilian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 1, 2005
Sold by
Ran Llc
Bought by
Hamana Arkan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 12, 2003
Sold by
Ran Amir
Bought by
Ran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
Ran Amir
Bought by
Ran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.19%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Ran Llc
Bought by
Ran Amir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.19%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Frank Wayne H
Bought by
Wheat William

Purchase Details

Closed on
Jun 11, 1979
Sold by
Carpenter Glen Thomas
Bought by
Caruana M and Caruana Denny R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ramirez Gabriel $285,000 Old Republic Title Agency
Chambers Woodruff Ariel $215,000 Lawyers Title Of Arizona Inc
East Coronado Llc -- None Available
Rioff Joseph -- Fidelity National Title Agen
Paulsrud Brett -- Fidelity National Title Agen
Paulsrud Bret $176,500 Fidelity National Title Agen
Pikula Anett $150,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $177,384 First American Title
2949 E Coronado Road Llc -- Camelback Title Agency
Vatistas John -- Chicago Title Insurance Co
Vatistas John $215,000 Lsi Title Agency Inc
Emc Mortgage Corp $310,250 None Available
Hamana Lilian $425,000 Arizona Title Agency Inc
Hamana Arkan $339,000 Arizona Title Agency Inc
Ran Llc -- Camelback Title Agency Llc
Ran Amir -- Camelback Title Agency Llc
Ran Llc -- Arizona Title Agency Inc
Ran Amir -- Arizona Title Agency Inc
Ran Amir $128,100 Arizona Title Agency Inc
Wheat William $88,000 Ati Title Agency
Caruana M -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Gabriel $200,000
Closed Ramirez Gabriel $213,750
Previous Owner Chambers Woodruff Ariel $219,622
Previous Owner East Coronado Llc $135,823
Previous Owner Paulsrud Bret $132,375
Previous Owner Pikula Anett $135,000
Previous Owner Pikula Anett $16,583
Previous Owner Vatistas John $161,250
Previous Owner Hamana Lilian $106,250
Previous Owner Hamana Lilian $297,500
Previous Owner Hamana Arkan $271,200
Previous Owner Ran Amir $142,500
Previous Owner Ran Amir $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $285,000 -3.7% $99 / Sq Ft
02/16/2018 02/16/18 Price Changed $295,900 0.0% $103 / Sq Ft
01/14/2018 01/14/18 Pending -- -- --
12/28/2017 12/28/17 Pending -- -- --
12/13/2017 12/13/17 For Sale $295,900 +37.6% $103 / Sq Ft
02/07/2014 02/07/14 Sold $215,000 -6.5% $75 / Sq Ft
12/31/2013 12/31/13 Pending -- -- --
12/23/2013 12/23/13 For Sale $229,900 +29.2% $80 / Sq Ft
03/09/2012 03/09/12 Sold $178,000 -20.9% $247 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
12/03/2010 12/03/10 For Sale $224,900 -- $312 / 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 $1,900 $14,615 -- --
2024 $1,878 $13,919 -- --
2023 $1,878 $49,310 $9,860 $39,450
2022 $1,804 $35,330 $7,060 $28,270
2021 $1,848 $28,520 $5,700 $22,820
2020 $1,803 $23,500 $4,700 $18,800
2019 $1,791 $23,200 $4,640 $18,560
2018 $1,754 $20,880 $4,170 $16,710
2017 $1,686 $19,070 $3,810 $15,260
2016 $1,621 $17,260 $3,450 $13,810
2015 $1,508 $14,720 $2,940 $11,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5698266

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-27-030A