NOT LISTED FOR SALE

Estimated Value: $317,612 - $589,000

3 Beds
-- Bath
1,224 Sq Ft
$394/Sq Ft Est. Value

Last Sold March 16, 2017

Last sale price $165,000 $135 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $2,686/month

27 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of March 2017

All units occupied! Great investment. Three total units: 2 units are at $575 and one at $600. Must make appt. to show Drive by only.

Last Agent to Sell the Property

Tracy L LaPaglia

My Home Group Real Estate License #SA108278000 Listed on: 01/28/2017

Co-Listed By

Krystal McCormick

My Home Group Real Estate License #SA627762000

Last Buyer's Agent

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,016

Year Built

  • Built in 1963

Lot Details

  • 9,322

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 138-29-063

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9148

Building Details

  • Operating Expense $6,456
  • Gross Income $17,100
  • Net Operating Income $11,218

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,016

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Broadway & Mesa Dr
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 770
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: Metes & Bounds
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: 9148
  • Additional Parcels: No
  • Parcel #: 138-29-063

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 17100.0
  • Insurance Expense: 1440.0
  • Property Net Operating Income: 11218.0
  • Annual Operating Expense: 6456.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2016.0
  • Tax Book Number: 138.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2017
Closed on
Mar 17, 2017
Sold by
Nordin Ventures
Bought by
Appcom Investment Llc
Seller's Agent
Tracy L LaPaglia
My Home Group Real Estate
Buyer's Agent
Alex Affas, CCIM
AFFIRE, LLC
List Price
$186,000
Sold Price
$165,000
Premium/Discount to List
-$21,000
-11.29%
Current Estimated Value
$482,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,653
Avg. Annual Appreciation
13.51%
Original Mortgage
$123,750
Outstanding Balance
$24,360
Interest Rate
4.17%
Mortgage Type
Commercial
Estimated Equity
$458,293

Purchase Details

Listed on
Dec 9, 2015
Closed on
Feb 8, 2016
Sold by
Germaine Monty R and Germaine Debora L
Bought by
Nordin Ventures
Seller's Agent
Morgan Weese
AZREAPM
Buyer's Agent
Danny Perkinson
Perk Prop Real Estate
List Price
$149,000
Sold Price
$135,000
Premium/Discount to List
-$14,000
-9.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.62%
Original Mortgage
$135,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2009
Sold by
Germaine Noah
Bought by
Germaine Monty R and Germaine Debora L

Purchase Details

Closed on
Jan 13, 2009
Sold by
U S Bank National Association
Bought by
Germaine Noah

Purchase Details

Closed on
Aug 25, 2008
Sold by
Rodriguez Guido
Bought by
Us Bank Na and Bear Stearns Asset Backed Securities I L

Purchase Details

Closed on
Aug 11, 2005
Sold by
Hendrix M Laurin and Hendrix Evelyn
Bought by
Rodriquez Guido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,875
Interest Rate
5.61%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 3, 2005
Sold by
Rodriquez Roxanna
Bought by
Rodriquez Guido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,875
Interest Rate
5.61%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 20, 2005
Sold by
Hallsted Richard Keith and Hallsted Anita T
Bought by
Hendrix M Laurin and Hendrix Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,875
Interest Rate
5.61%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
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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
Appcom Investment Llc $165,000 Pioneer Title Agency Inc
Nordin Ventures $135,000 Empire West Title Agency
Germaine Monty R -- None Available
Germaine Noah $78,000 Fidelity National Title
Us Bank Na $159,999 None Available
Rodriquez Guido $192,500 --
Rodriquez Guido -- --
Hendrix M Laurin $175,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Appcom Investment Llc $123,750
Previous Owner Nordin Ventures $135,000
Previous Owner Rodriquez Guido $28,875
Previous Owner Rodriquez Guido $154,000
Previous Owner Rodriquez Guido $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2017 03/16/17 Sold $165,000 -11.3% $135 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $186,000 0.0% $152 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $186,000 +37.8% $152 / Sq Ft
02/01/2016 02/01/16 Sold $135,000 -9.4% $110 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
12/09/2015 12/09/15 For Sale $149,000 -- $122 / 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 $914 $9,313 -- --
2024 $922 $8,870 -- --
2023 $922 $30,280 $6,050 $24,230
2022 $903 $22,710 $4,540 $18,170
2021 $914 $22,310 $4,460 $17,850
2020 $902 $20,500 $4,100 $16,400
2019 $843 $14,850 $2,970 $11,880
2018 $809 $13,200 $2,640 $10,560
2017 $784 $10,730 $2,140 $8,590
2016 $770 $9,860 $1,970 $7,890
2015 $724 $8,680 $1,730 $6,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5552958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-063