$300,000
SOLD APR 2, 2018
-- Bed
-- Bath
2,880 Sq Ft
0.35 Acres

Recently Sold

$104 Per Sq Ft

0 Day on Market

Highlights

  • Cooling Available
  • The Creighton Academy Rated 10
  • Heat Pump System

About This Home

As of October 2019

100% occupied single level newly stucco'd roof, HVAC's.
Sold prior to MLS and added as a comp.

Washer dry hookups in all units.
Carports. This sold in a day.

Rents were low but solid bones.
Sold As Is Where is.

All information believed to be correct.
Buyer to verify all items of concern.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/04/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/04/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,069

Year Built

  • Built in 2002

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 13 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are 15072

Building Details

  • Operating Expense $12,307
  • Gross Income $28,500
  • Net Operating Income $16,194

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,069

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: 31st St & McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2017
  • Directions: North on 31st St to Granada West to property on the North side of the street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2160.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: 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
  • Annual Water Sewer Expense: 5854.0

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28500.0
  • Insurance Expense: 1503.0
  • Maintenance Expense: 720.0
  • Property Net Operating Income: 16194.0
  • Annual Operating Expense: 12307.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2069.0
  • 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
Current Estimated Value
$756,271

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
10.07%

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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed -- --
Interfamily Deed Transfer -- Accommodation
Warranty Deed $419,000 Security Title Agency
Warranty Deed $300,000 Chicago Title Agency Inc
Warranty Deed $173,000 Driggs Title Agency Inc
Warranty Deed $150,000 Greystone Title Agency
Quit Claim Deed -- Greystone Title Agency
Deed In Lieu Of Foreclosure -- Greystone Title Agency
Warranty Deed $404,000 Camelback Title Agency Llc
Warranty Deed $352,000 Camelback Title Agency Llc
Warranty Deed $253,000 Stewart Title & Trust
Cash Sale Deed $30,000 Stewart Title & Tr Of Phoeni
Warranty Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $225,000 New Conventional
Previous Owner $129,750 New Conventional
Previous Owner $105,000 Purchase Money Mortgage
Previous Owner $323,200 New Conventional
Previous Owner $281,600 New Conventional
Previous Owner $158,000 New Conventional
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: 5746487

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-007A