NOT LISTED FOR SALE

Estimated Value: $670,138 - $932,000

Studio
-- Bath
3,576 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $421,000 $118 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,298/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2018

No Sign. Do Not disturb Tenants. Fidelity National Title Agency Requested by seller.
Carlye Buxton CBuxton@fnf.com
3570 S Val Vista Dr Ste 105Gilbert, AZ 85297
(480) 355-9219 Direct (480) 917-0608 Fax

Last Agent to Sell the Property

David Zajdzinski

eXp Realty License #SA560139000 Listed on: 07/20/2018

eXp Realty

Co-Listed By

Donna Walkosz

eXp Realty License #SA635375000

Last Buyer's Agent

Ryan Swan

HomeSmart License #SA661174000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,938

Year Built

  • Built in 1984

Lot Details

  • 0.3

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Schools

  • Highland Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 140-11-383

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,942
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $9,378
  • Gross Income $36,000
  • Net Operating Income $26,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,938

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Val Vista Dr. & University Dr.
  • Property Type: Multiple Dwellings
  • Zoning: Residential Mul
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rein001
  • Co List Office Phone: 480-821-4232
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

  • Elementary School: Highland Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 12,942
  • Additional Parcels: No
  • Parcel #: 140-11-383

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Annual Gross Income: 36000.0
  • Insurance Expense: 1480.0
  • Maintenance Expense: 1400.0
  • Property Net Operating Income: 26622.0
  • Annual Operating Expense: 9378.0

Tax Info

  • Tax Annual Amount: 1938.0
  • Tax Book Number: 140.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Jul 31, 2018
Sold by
Poniatowski Stanislaw and Poniatowski Teresa
Bought by
Hsieh Jerry and Lo Patricia W
Seller's Agent
David Zajdzinski
eXp Realty
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$449,000
Sold Price
$421,000
Premium/Discount to List
-$28,000
-6.24%
Current Estimated Value
$785,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,785
Avg. Annual Appreciation
8.80%
Original Mortgage
$304,500
Outstanding Balance
$267,219
Interest Rate
4.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$518,566

Purchase Details

Closed on
May 31, 2001
Sold by
Sheridan Matthew
Bought by
Poniatowski Stanislaw and Poniatowski Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,600
Interest Rate
7.15%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Hsieh Jerry $421,000 Magnus Title Agency Llc
Poniatowski Stanislaw $207,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hsieh Jerry $304,500
Previous Owner Poniatowski Stanislaw $165,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2018 08/21/18 Sold $421,000 -6.2% $118 / Sq Ft
07/19/2018 07/19/18 For Sale $449,000 -- $126 / 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 $2,270 $23,009 -- --
2024 $2,277 $21,914 -- --
2023 $2,277 $61,670 $12,330 $49,340
2022 $2,230 $46,520 $9,300 $37,220
2021 $2,257 $38,250 $7,650 $30,600
2020 $2,228 $35,880 $7,170 $28,710
2019 $2,081 $25,750 $5,150 $20,600
2018 $1,998 $23,170 $4,630 $18,540
2017 $1,938 $19,500 $3,900 $15,600
2016 $1,902 $20,070 $4,010 $16,060
2015 $1,788 $18,530 $3,700 $14,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5795996

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-383