NOT LISTED FOR SALE

Estimated Value: $403,000 - $493,750

7 Beds
4 Baths
4,680 Sq Ft
$94/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $39,000 $8 Per Sq Ft

Est. 1,026% increase in value since last sale

Current estimated payment $2,415/month

5 Days on Market

About This Home

As of April 2012

It's a fixer...bring your handyman! But it has POTENTIAL!!! Unit 1 is 4 bedroom/2 bath & Unit 2 is a 3 bedroom/2 bath!!! And there is a separately metered laundry room! And here's the best part: SELLER WILL CARRY!!! HURRY, THIS ONE WON'T LAST. Buyer to verify all items prior to close of escrow. Estimate $30K in repairs/CAP would be 15.2!!!

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 03/31/2012

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 03/31/2012

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,115

Year Built

  • Built in 2003

Lot Details

  • 8,059

Home Design

  • Composition Shingle Roof
  • Block Exterior

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $704 per year Dock Fee
  • 2 Units
  • Building Dimensions are irr

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,115

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Construction Finish: Painted
  • Cross Street: 31st Ave & Van Buren
  • Environmental: Super Fund/WQARF/DOD
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 2
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: Prosperity Park
  • Marketing Name: Prosperity Park
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: Q33
  • Year Built: 2003
  • Tax Year: 2011
  • Directions: South to Jackson, on NWC of Jackson & 31st Ave.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping, Fenced
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit, Paved Parking
  • Total Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: APS, SRP

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: irr

Multi Family

  • Four Bedroom Units Avg Rent: 800.00
  • Four Bedroom Units Avg Sq Ft: 1340
  • Four Bedroom Units Baths: 2
  • Income And Expenses Adjusted Gross Inc: 14400.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Landscape Exp: 250.00
  • Income And Expenses Annual Maint Exp: 750.00
  • Income And Expenses Annual Water Sewer Exp: 1200.00
  • Income And Expenses Gross Annual Sch Inc: 18000.00
  • Income And Expenses Net Operating Income: 10496.00
  • Income And Expenses Operating Exp: 3904.00
  • Income And Expenses Vacancy Allowance: 0.20
  • Number Of Four Bedroom Units: 1
  • Number Of Three Bedroom Units: 1
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Three Bedroom Units Avg Rent: 700.00
  • Three Bedroom Units Avg Sq Ft: 1000
  • Three Bedroom Units Baths: 2
  • Total Numberof Buildings: 1
  • Total Numberof Units: 2.00

Tax Info

  • Taxes: 704.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2018
Sold by
Sanchez Oscar
Bought by
Sanchez Oscar and Sanchez Karen
Current Estimated Value
$439,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Outstanding Balance
$115,122
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,066

Purchase Details

Listed on
Mar 31, 2012
Closed on
Apr 25, 2012
Sold by
We & Bc Investment Llc
Bought by
Sanchez Oscar
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
$39,000
Sold Price
$39,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.66%
Original Mortgage
$20,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 31, 2012
Closed on
Apr 24, 2012
Sold by
Sanchez Karen Yvette
Bought by
Sanchez Oscar
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
$39,000
Sold Price
$39,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2009
Sold by
Lum Wilton and Lum Elzadia
Bought by
We & Bc Investment Llc

Purchase Details

Closed on
Dec 12, 2008
Sold by
Lum Elzadia
Bought by
Lum Wilton

Purchase Details

Closed on
Dec 11, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Lum Wilton

Purchase Details

Closed on
Jun 23, 2008
Sold by
Hernandez Manuel Acosta
Bought by
Deutsche Bank National Trust Co and J P Morgan Chase Bank Na Jpmac 2007-Ch1

Purchase Details

Closed on
Dec 15, 2005
Sold by
Dejesus Maria
Bought by
Hernandez Manuel Acosta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 14, 2005
Sold by
The Ramon & Deborah Investments Llc
Bought by
Hernandez Manuel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2005
Sold by
Stein Deborah
Bought by
The Ramon & Deborah Investments Llc

Purchase Details

Closed on
Jan 12, 2004
Sold by
Marken Ventures Llc
Bought by
Stein Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Foresight Investment Group Llc
Bought by
Marken Ventures Llc

Purchase Details

Closed on
Sep 24, 2001
Sold by
Parsley Franklin D and Parsley Louise E
Bought by
Carf Realty 1998 Llc
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
Sanchez Oscar -- Boston National Title Agency
Sanchez Oscar $39,000 Chicago Title Agency Inc
We & Bc Investments Llc -- Chicago Title Agency Inc
Sanchez Oscar -- Chicago Title Agency Inc
We & Bc Investment Llc -- None Available
Lum Wilton -- Fidelity National Title Ins
Lum Wilton $75,000 Fidelity National Title Ins
Deutsche Bank National Trust Co $140,000 Accommodation
Hernandez Manuel Acosta -- Security Title Agency Inc
Hernandez Manuel A $250,000 Security Title Agency Inc
The Ramon & Deborah Investments Llc -- --
Stein Deborah $175,000 Security Title Agency
Marken Ventures Llc $130,000 Security Title Agency
Carf Realty 1998 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Oscar $132,000
Closed We & Bc Investments Llc $20,000
Closed Sanchez Oscar $20,000
Previous Owner Hernandez Manuel Acosta $225,000
Previous Owner Hernandez Manuel A $225,000
Previous Owner Stein Deborah $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2012 04/27/12 Sold $39,000 0.0% $8 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/31/2012 03/31/12 For Sale $39,000 -- $8 / 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 $1,115 $8,834 -- --
2024 $1,060 $8,413 -- --
2023 $1,060 $33,360 $6,670 $26,690
2022 $1,017 $22,980 $4,590 $18,390
2021 $1,077 $20,960 $4,190 $16,770
2020 $1,041 $18,300 $3,660 $14,640
2019 $1,029 $15,110 $3,020 $12,090
2018 $1,008 $13,650 $2,730 $10,920
2017 $969 $11,650 $2,330 $9,320
2016 $983 $9,300 $1,860 $7,440
2015 $916 $7,810 $1,560 $6,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4737789

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-40-062