NOT LISTED FOR SALE

Estimated Value: $767,000 - $1,122,000

-- Bed
4 Baths
1,440 Sq Ft
$685/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $950,000 $660 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,339/month

34 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Tavan Elementary School Rated A
  • Ceiling Fan

About This Home

As of October 2023

Excellent fully occupied Multifamily 4-Plex opportunity in the most desirable rental market in Scottsdale! Unit mix consists of #1: 1 bed 1 bath unit (which can easily be converted into a 2 bed 1 bath), and #3: 2 bed 1 bath. All units have a private patio, unit B has 2 private patios. Community Laundry generates $250 monthly on average is also included in this income producing property.

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 07/24/2023

My Home Group Real Estate

Co-Listed By

James Roberts

My Home Group Real Estate License #SA639379000

Last Buyer's Agent

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,240

Year Built

  • Built in 1958

Lot Details

  • Property fronts an alley

Home Design

  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 130-47-045

Community Details

Overview

  • 4 Units
  • Building Dimensions are 108' x 79'
  • Holiday Park 2 Subdivision

Building Details

  • Operating Expense $1,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,240

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd & N 68th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2022
  • Directions: Head north on N 68th St. Home will be on the left just passed the Circle K.
  • Road Frontage Type: Alley
  • Road Surface Type: Dedicated Street, Sidewalk(s)
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: HOLIDAY PARK 2
  • Cooling:Ceiling Fan(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 108' x 79'
  • Additional Parcels: No
  • Parcel #: 130-47-045

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 1240.0

Tax Info

  • Tax Annual Amount: 1240.0
  • Tax Book Number: 130.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2016
Closed on
Mar 30, 2016
Sold by
Mediterranean Avenue I Llc
Bought by
Switzer Ralph V
Seller's Agent
Ted Knoell
Realty Economic Advisors, LLC
Buyer's Agent
James Roberts
My Home Group Real Estate
List Price
$269,900
Sold Price
$282,000
Premium/Discount to List
$12,100
4.48%
Current Estimated Value
$986,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$704,019
Avg. Annual Appreciation
14.40%
Original Mortgage
$211,500
Outstanding Balance
$169,383
Interest Rate
3.68%
Mortgage Type
Commercial
Estimated Equity
$838,901

Purchase Details

Listed on
Feb 29, 2016
Closed on
Mar 14, 2016
Sold by
Mori Switzer Marielle and Switzer Ralph V
Bought by
Switzer Ralph V and Mori Switzer Marielle
Seller's Agent
Ted Knoell
Realty Economic Advisors, LLC
Buyer's Agent
James Roberts
My Home Group Real Estate
List Price
$269,900
Sold Price
$282,000
Premium/Discount to List
$12,100
4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Outstanding Balance
$169,383
Interest Rate
3.68%
Mortgage Type
Commercial
Estimated Equity
$838,901

Purchase Details

Closed on
Jun 29, 2011
Sold by
Knoell Thomas E
Bought by
Mediterraneanavenue I Llc

Purchase Details

Closed on
Dec 15, 2010
Sold by
Knoell Maura M
Bought by
Knoell Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,875
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2010
Sold by
Fannie Mae
Bought by
Knoell Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,875
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2010
Sold by
Butorovich John and Butorovich Kristen A
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,875
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2008
Sold by
Butorovich John E and Butorovich Kristen A
Bought by
Jbk Properties Llc

Purchase Details

Closed on
May 4, 2005
Sold by
Uri Properties Llc
Bought by
Butorovich John and Butorovich Kristen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2003
Sold by
Gallagher Keith and Gallagher Lisa
Bought by
Uri Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2002
Sold by
Gallagher Keith
Bought by
Uri Properties Llc

Purchase Details

Closed on
Aug 22, 2001
Sold by
Gallagher Lisa A
Bought by
Gallagher Keith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 1999
Sold by
Gustafson Jerome L and Gustafson Fermina C
Bought by
Gallagher Keith I and Gallagher Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,800
Interest Rate
7.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 1998
Sold by
Bassignan Gary and Bassignan Ruth A
Bought by
Gustafson Jerome L and Gustafson Fermina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 1997
Sold by
Ward John P and Ward Joy M
Bought by
Bassignan Gary and Bassignan Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
8.14%
Mortgage Type
Commercial
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
Switzer Ralph V $282,000 Fidelity Natl Title Agency I
Switzer Ralph V -- Fidelity Natl Title Agency I
Mediterraneanavenue I Llc -- North American Title Company
Knoell Thomas E -- North American Title Company
Knoell Thomas E $110,500 North American Title Company
Federal National Mortgage Association $220,575 Accommodation
Jbk Properties Llc -- None Available
Butorovich John $325,000 Prescott Title Inc
Uri Properties Llc -- Capital Title Agency Inc
Gallagher Keith -- Capital Title Agency Inc
Uri Properties Llc -- --
Gallagher Keith L -- Security Title Agency
Gallagher Keith I $153,500 Fidelity Title
Gustafson Jerome L $134,000 North American Title Agency
Bassignan Gary $125,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Switzer Ralph V $211,500
Previous Owner Knoell Thomas E $82,875
Previous Owner Knoell Thomas E $82,875
Previous Owner Butorovich John $260,000
Previous Owner Gallagher Keith $176,000
Previous Owner Gallagher Keith L $172,800
Previous Owner Gallagher Keith I $122,800
Previous Owner Gustafson Jerome L $120,000
Previous Owner Bassignan Gary $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $950,000 0.0% $660 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $950,000 -20.8% $660 / Sq Ft
07/24/2023 07/24/23 For Sale $1,200,000 +325.5% $833 / Sq Ft
04/13/2016 04/13/16 Sold $282,000 +4.5% $196 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $269,900 -- $187 / 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 $1,326 $19,091 -- --
2024 $1,314 $18,182 -- --
2023 $1,314 $69,070 $13,810 $55,260
2022 $1,240 $48,960 $9,790 $39,170
2021 $1,319 $40,970 $8,190 $32,780
2020 $1,308 $34,320 $6,860 $27,460
2019 $1,272 $27,430 $5,480 $21,950
2018 $1,228 $24,910 $4,980 $19,930
2017 $1,179 $22,920 $4,580 $18,340
2016 $1,158 $20,420 $4,080 $16,340
2015 $1,102 $18,980 $3,790 $15,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6583939

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-045