NOT LISTED FOR SALE

308 E Vogel Ave Unit 1 Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $158,000 - $262,000

-- Bed
1 Bath
784 Sq Ft
$276/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $525,000 $670 Per Sq Ft

Current estimated payment $1,184/month

31 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heat Pump System
  • Sunnyslope High School Rated A
  • Ceramic Tile Flooring

About This Home

As of November 2018

The VOGEL CONDOS consist of six (6) individually condo-mapped units on their own tax parcels: 159-45-112, 159-45-113, 159-45-114, 159-45-115, 159-45-116, & 159-45-117.
Built in 1981, these units have been renovated in 2017 and 2018. Significant capital upgrades have been completed at the property including roof replacement, the installation of freshwater copper water lines, and the installation of upgraded electrical service panels. With well-lit covered parking, back entry doors and back yards, these Vogel Condos offer attractive amenities the larger rental properties don't. As condos these units are individually metered not only for electric BUT ALSO FOR water, sewer & trash- so Owner has no utilities bills to pay. With rent upside, low expenses and no HOA dues the property cash flow

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 08/24/2018

Co-Listed By

Arvle Knight

Transworld Business Advisors of Phoenix NE License #BR535084000

Last Buyer's Agent

Amira Lajam

HomeSmart License #SA654435000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,891

Year Built

  • Built in 1981

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 1
  • Assessor Parcel Number 159-45-112

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 136 X 124
  • Casa De Vogel Unit 1 6 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $9,671
  • Gross Income $43,890
  • Net Operating Income $34,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,891

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 2 blocks north of Hatcher at 3rd street on Vogel
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF, R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: klcg01
  • Co List Office Phone: 602-445-4141
  • Subdivision Name: CASA DE VOGEL UNIT 1-6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: 1 Space/Unit, Street Parking, 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:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 136 X 124
  • Additional Parcels: Yes
  • Parcel #: 159-45-112

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 43890.0
  • Insurance Expense: 1780.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 34219.0
  • Annual Operating Expense: 9671.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1891.0
  • Tax Book Number: 159.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2018
Closed on
Nov 14, 2018
Sold by
Az Jv Xii Llc
Bought by
Kim Brian Dong
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Amira Lajam
HomeSmart
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%
Current Estimated Value
$220,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$304,667
Avg. Annual Appreciation
-11.66%
Original Mortgage
$300,000
Outstanding Balance
$263,250
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$46,917

Purchase Details

Closed on
Dec 1, 2016
Sold by
Nottingham Lynn
Bought by
Az Jv Xii Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim Brian Dong $525,000 North American Title Company
Az Jv Xii Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Brian Dong $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2018 11/15/18 Sold $525,000 -4.4% $670 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/24/2018 08/24/18 For Sale $549,000 -- $700 / 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 $393 $3,096 -- --
2024 $372 $2,948 -- --
2023 $372 $7,950 $1,590 $6,360
2022 $360 $6,000 $1,200 $4,800
2021 $364 $5,560 $1,110 $4,450
2020 $355 $5,210 $1,040 $4,170
2019 $349 $4,880 $970 $3,910
2018 $340 $3,750 $750 $3,000
2017 $338 $2,780 $550 $2,230
2016 $332 $2,680 $530 $2,150
2015 $307 $2,370 $470 $1,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott Trevey

    REI Marketing

  • A

    Seller Co-Listing Agent in 2018

    Arvle Knight

    Transworld Business Advisors of Phoenix NE

    Section Image
  • Amira Lajam

    Buyer's Agent in 2018

    Amira Lajam

    HomeSmart

    (480) 238-5104

    2 in this area

    40 Total Sales

    Amira Lajam
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5815772

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-45-112

Arizona Maricopa County Phoenix 85020 North Central

308 E Vogel Ave Unit 1, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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