NOT LISTED FOR SALE

Estimated Value: $428,000 - $498,000

-- Bed
2 Baths
1,528 Sq Ft
$296/Sq Ft Est. Value

Sale Details

Date Sold: July 25, 2022

Last sale price $530,000 $347 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,541 / mo

32 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2022

Be the proud owner of this multiple-dwelling property in the heart of Phoenix! This triplex offers 2 carport spaces, an extended driveway for extra parking, 3 spacious units, & shade trees. All units are newly remodeled and include a fully equipped kitchen and laundry area. In the 3 bed, 2 bath unit, you'll find a fireplace, open common areas, & ceramic tile flooring throughout. The back patio offers lots of potential to build a pool or create whatever landscape you dream of. Perfect for the investor who wants to live in one unit and rent the others. Walking distance to the upcoming lightrail station. This fantastic opportunity won't last long! Come take a look before it is gone!!

Last Agent to Sell the Property

Bethanie Madewell

Keller Williams Realty Phoenix License #SA655976000 Listed on: 05/13/2022

Co-Listed By

Julie McCarthy

Keller Williams Realty Phoenix

Last Buyer's Agent

Samara Glassman-Utsunomiya

Realty ONE Group License #BR556225000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $842

Year Built

  • Built in 1975

Lot Details

  • 8,973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • V H Lassen Elementary School
  • Phoenix Coding Academy Middle School
  • Cesar Chavez High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 17
  • Assessor Parcel Number 114-11-034-C

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8989
  • Roosevelt Place Subdivision

Building Details

  • Operating Expense $15,558
  • Net Operating Income $31,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$842

Year Built

Built in 1975

Lot Details

8,973 Sq Ft Lot

Listing Details

  • Cross Street: Central Ave & Baseline Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-5] Multiple
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2380.0
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • Subdivision Name: ROOSEVELT PLACE
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Heat Pump, Window/Wall Unit(s), Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1500.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: V H Lassen Elementary School
  • High School: Cesar Chavez High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: 8989
  • Additional Parcels: No
  • Parcel #: 114-11-034-C

Multi Family

  • Tenant Pays: See Remarks, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 4200.0
  • Insurance Expense: 1536.0
  • Maintenance Expense: 2700.0
  • Property Net Operating Income: 31192.0
  • Annual Operating Expense: 15558.0

Tax Info

  • Tax Annual Amount: 842.0
  • Tax Book Number: 114.00
  • Tax Lot: 17

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

Listed on
May 13, 2022
Closed on
Jul 20, 2022
Sold by
Bought by
Seller's Agent
Bethanie Madewell
Keller Williams Realty Phoenix
Buyer's Agent
Samara Glassman-Utsunomiya
Realty ONE Group
List Price
$569,000
Sold Price
$530,000
Premium/Discount to List
-$39,000
-6.85%
Current Estimated Value
$452,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,211
Avg. Annual Appreciation
-3.85%
Original Mortgage
$520,400
Interest Rate
0.0523%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 9, 2020
Closed on
Apr 9, 2021
Sold by
Bought by
Seller's Agent
Brandon Torraco
Top Realty LLC
Buyer's Agent
Julie McCarthy
Keller Williams Realty Phoenix
List Price
$395,000
Sold Price
$389,000
Premium/Discount to List
-$6,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.82%
Original Mortgage
$381,954
Interest Rate
0.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2020
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
$200,000
Interest Rate
0.032%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 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
$70,800
Interest Rate
0.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2001
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
$42,000
Interest Rate
0.07%
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
$530,000 Great American Title
$389,000 Millennium Title Agency
$195,000 Title Alliance Of Phoenix Ag
-- Title Alliance Of Phoenix Ag
-- Camelback Title Agency Llc
-- Land Title Agency
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
Open $520,400
Previous Owner $381,954
Previous Owner $200,000
Previous Owner $70,800
Previous Owner $42,000
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 Prior Sale
07/25/2022 07/25/22 Sold $530,000 -6.9% $347 / Sq Ft
07/15/2022 07/15/22 Price Changed $569,000 0.0% $372 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $569,000 0.0% $372 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $569,000 +46.3% $372 / Sq Ft
04/20/2021 04/20/21 Sold $389,000 -1.5% $255 / Sq Ft View Prior Sale
02/28/2021 02/28/21 For Sale $395,000 0.0% $259 / Sq Ft
02/28/2021 02/28/21 Price Changed $395,000 +1.5% $259 / Sq Ft
12/26/2020 12/26/20 Off Market $389,000 -- --
12/09/2020 12/09/20 For Sale $349,000 -- $228 / 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 $882 $6,529
2024 $834 $6,218
2023 $834 $31,900 $6,380 $25,520
2022 $816 $25,410 $5,080 $20,330
2021 $842 $20,750 $4,150 $16,600
2020 $920 $18,810 $3,760 $15,050
2019 $803 $16,350 $3,270 $13,080
2018 $780 $13,160 $2,630 $10,530
2017 $727 $10,680 $2,130 $8,550
2016 $690 $8,630 $1,720 $6,910
2015 $641 $6,650 $1,330 $5,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6398903

Arizona Regional Multiple Listing Service (ARMLS)

APN: 114-11-034C

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