NOT LISTED FOR SALE

Estimated Value: $685,773 - $829,000

-- Bed
1 Bath
2,880 Sq Ft
$256/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $419,000 $145 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,290/month

23 Days on Market

Highlights

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

About This Home

As of October 2019

RARE 2002 Build single level fourplex on an over sized lot and great curb appeal! Each unit has 2 bedrooms, 1 bathroom, interior stackable laundry hookups, central A/C, designated covered parking. The property is individually metered for electricity and master metered for water, sewer and trash. Desert landscaping makes this one easy to maintain. Convenient Phoenix location, minutes from Downtown Phoenix, South Scottsdale and easy access to the SR51, Loop 202 and I-10.

Last Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 09/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 2002

Lot Details

  • 0.35

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 120-20-007-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 15072

Building Details

  • Operating Expense $2,199
  • Gross Income $35,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,198

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: 32nd St & McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Tax Year: 2019
  • Directions: From 32nd St & McDowell Rd, head west to 31st St, head north to Granada Rd, head west, property on north side of the road
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: 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: 6.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 15072
  • Additional Parcels: No
  • Parcel #: 120-20-007-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 35568.0
  • Annual Operating Expense: 2199.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2198.0
  • Tax Book Number: 120.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Vince and Vince Karen Thadani
Bought by
Granada Commons Llc
Total Days on Market
23
Current Estimated Value
$738,693

Purchase Details

Closed on
Feb 19, 2020
Sold by
Thadani Vinay and Thadani Karen
Bought by
Thadani Viney and Thadani Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,707
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2019
Closed on
Oct 25, 2019
Sold by
Gold Khai
Bought by
Thadani Vinay and Thadani Karen
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$480,000
Sold Price
$419,000
Premium/Discount to List
-$61,000
-12.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%

Purchase Details

Listed on
Apr 4, 2018
Closed on
Mar 27, 2018
Sold by
Richards Derek J and Richards Debra M
Bought by
Gold Khai
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.55%
Original Mortgage
$225,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2014
Sold by
Celo Llc
Bought by
Richards Derek J and Richards Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,750
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2011
Sold by
Granada Property Llc
Bought by
Celo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2009
Sold by
Bledsoe Ann and Siket James R
Bought by
Granada Property Llc

Purchase Details

Closed on
Dec 10, 2007
Sold by
Linares Alma
Bought by
Munoz Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,200
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2007
Sold by
Mason Peggy S
Bought by
Linares Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2002
Sold by
Harmon Darvin D and Harmon Hortencia
Bought by
Mason Peggy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2001
Sold by
Jones Thomas Edward
Bought by
Harmon Darvin D and Harmon Hortencia

Purchase Details

Closed on
Mar 24, 1980
Sold by
Ehmann Joseph D and Ehmann Georgia
Bought by
Jones Thomas E

Range of Values:

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Average Value
Not Available
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
Granada Commons Llc -- --
Thadani Viney -- Accommodation
Thadani Vinay $419,000 Security Title Agency
Gold Khai $300,000 Chicago Title Agency Inc
Richards Derek J $173,000 Driggs Title Agency Inc
Celo Llc $150,000 Greystone Title Agency
Granada Property Llc -- Greystone Title Agency
Bledsoe Ann -- Greystone Title Agency
Munoz Maria S $404,000 Camelback Title Agency Llc
Linares Alma $352,000 Camelback Title Agency Llc
Mason Peggy S $253,000 Stewart Title & Trust
Harmon Darvin D $30,000 Stewart Title & Tr Of Phoeni
Jones Thomas E -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thadani Vinay $270,707
Previous Owner Gold Khai $225,000
Previous Owner Richards Derek J $129,750
Previous Owner Celo Llc $105,000
Previous Owner Munoz Maria S $323,200
Previous Owner Linares Alma $281,600
Previous Owner Mason Peggy S $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2019 10/29/19 Sold $419,000 -12.7% $145 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $480,000 +60.0% $167 / Sq Ft
04/02/2018 04/02/18 Sold $300,000 0.0% $104 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $300,000 -- $104 / 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 $2,332 $17,937 -- --
2024 $2,305 $17,083 -- --
2023 $2,305 $60,260 $12,050 $48,210
2022 $2,215 $42,950 $8,590 $34,360
2021 $2,269 $35,880 $7,170 $28,710
2020 $2,213 $30,500 $6,100 $24,400
2019 $2,198 $24,810 $4,960 $19,850
2018 $2,153 $22,630 $4,520 $18,110
2017 $2,069 $21,150 $4,230 $16,920
2016 $1,989 $19,170 $3,830 $15,340
2015 $1,851 $16,160 $3,230 $12,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5980217

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-007A