NOT LISTED FOR SALE
23 Beds
-- Bath
1,490 Sq Ft
1951 Built

Sale Details

Date Sold: August 8, 2014

Last sale price $855,000 $574 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System

About This Home

As of August 2014

PROPERTY 100% OCCUPIED-DO NOT DISTURB TENANTS- SHOWINGS BY APPT Superior northwest Phoenix location, just west of I-17 and north of Highway 101. OCGreat mix of one and two-bedroom units in this private garden-style setting. Buildings are single-level frame & stucco, or block & stucco with pitched roofs and are individually metered for electricity. Recent capital improvements include the installation of all new roofs, soffits and complete exterior repaint. All windows upgraded to energy efficient double-pane. Many units upgraded with tile, new fixtures and appliances. Tenants enjoy private and semi-private fenced side and rear yards and an on-site laundry facility. Property stays fully occupied in this sub-market with scarcity of competing apartment rentals in the area (upside in ren

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 03/25/2014

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,350

Year Built

  • Built in 1951

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 26 Open Parking Spaces
  • 26 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 206-04-028-C

Community Details

Overview

  • 9 Buildings
  • 16 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $41,104
  • Gross Income $111,166
  • Net Operating Income $61,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,350

Year Built

Built in 1951

Listing Details

  • Cross Street: 29th Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2876.87
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 26.0
  • Total Parking Spaces: 26.0
  • General Property Description:Uncvrd Parking Spcs: 26.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 932.0
  • Annual Water Sewer Expense: 5114.87

Schools

  • Junior High Dist: Deer Valley Unified District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 206-04-028-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 16
  • Electric Expense: 1572.76
  • Annual Gross Income: 111165.65
  • Insurance Expense: 2300.46
  • Maintenance Expense: 18306.37
  • Property Net Operating Income: 61861.16
  • Annual Operating Expense: 41103.73
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4349.86
  • Tax Book Number: 206.00
  • Tax Lot: 0

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

Closed on
Jan 29, 2022
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
$1,000,000
Interest Rate
0.0298%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2021
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
$1,000,000
Interest Rate
0.0298%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 25, 2014
Closed on
Jul 28, 2014
Sold by
Bought by
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$995,000
Sold Price
$855,000
Premium/Discount to List
-$140,000
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.0412%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2008
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
$571,350
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2004
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
$448,000
Interest Rate
0.0579%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 1999
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
$297,500
Interest Rate
0.0764%
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

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
-- --
$2,940,000 Chicago Title Agency Inc
$855,000 American Title Svc Agency Ll
$879,000 Capital Title Agency Inc
$640,000 Ticor Title Agency Of Az Inc
$425,000 Lawyers Title Of Arizona Inc
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 $1,000,000
Previous Owner $600,000
Previous Owner $571,350
Previous Owner $448,000
Previous Owner $297,500
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
08/08/2014 08/08/14 Sold $855,000 -14.1% $574 / Sq Ft
06/03/2014 06/03/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $995,000 -- $668 / 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 $6,675 $65,074
2024 $6,483 $61,976
2023 $6,483 $149,170 $29,830 $119,340
2022 $6,265 $142,760 $28,550 $114,210
2021 $6,432 $90,800 $18,160 $72,640
2020 $6,320 $97,530 $19,500 $78,030
2019 $6,138 $78,230 $15,640 $62,590
2018 $5,945 $70,560 $14,110 $56,450
2017 $5,752 $56,550 $11,310 $45,240
2016 $5,457 $45,120 $9,020 $36,100
2015 $4,891 $39,950 $7,990 $31,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5091662

Arizona Regional Multiple Listing Service (ARMLS)
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