NOT LISTED FOR SALE

3112 E Roeser Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $411,000 - $594,000

-- Bed
-- Bath
1,620 Sq Ft
$299/Sq Ft Est. Value

Last Sold December 31, 2015

Last sale price $155,000 $96 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $2,593/month

298 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • No Heating

About This Home

As of December 2015

Wow! What an investment opportunity! 4 units, all rented out month to month, for $500. This is a dream TURN KEY opportunity, this is your chance to walk into a fully functional rental business!

Last Agent to Sell the Property

Norma Gutierrez

Baseline Realty License #BR013577000 Listed on: 01/07/2015

Last Buyer's Agent

Norma Hernandez

DeLex Realty License #SA574190000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $579

Year Built

  • Built in 1960

Lot Details

  • Property fronts an alley

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Block Exterior

Utilities

  • Evaporated cooling system
  • No Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 153
  • Assessor Parcel Number 122-60-103

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 15477
  • Wier Estates Subdivision

Building Details

  • Operating Expense $4,179
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$579

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 32nd ST & Roeser RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2013
  • Directions: Located in between 32nd ST and 24th ST on the south side of Roeser RD
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Wier Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise, Master Meter
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 15477
  • Additional Parcels: No
  • Parcel #: 122-60-103

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24000.0
  • Annual Operating Expense: 4178.86

Tax Info

  • Tax Annual Amount: 578.86
  • Tax Book Number: 122.00
  • Tax Lot: 153

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2023
Sold by
Seven Jones Llc
Bought by
Kinghorn Investment Group Llc
Current Estimated Value
$477,651

Purchase Details

Closed on
Sep 29, 2021
Sold by
Seven Jones Llc
Bought by
Rpm Cleanup & Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2017
Sold by
Keyglee Llc
Bought by
Seven Jones Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2015
Closed on
Nov 5, 2015
Sold by
Tejada Alma Guadalupe Aboyte and Lopez Roberto Urias
Bought by
Lmac Holdings Llc
Seller's Agent
Norma Gutierrez
Baseline Realty
Buyer's Agent
Norma Hernandez
DeLex Realty
List Price
$189,000
Sold Price
$155,000
Premium/Discount to List
-$34,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Closed on
Sep 26, 1997
Sold by
Ramirez Severio
Bought by
Lopez Roberto Urias and Aboyte Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,816
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 1993
Sold by
Ross Milton and Ross Eula P
Bought by
Duarte Christina
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Kinghorn Investment Group Llc -- --
Rpm Cleanup & Construction Llc $360,000 Pioneer Title
Seven Jones Llc $145,000 Pioneer Title Agency Inc
Keyglee Llc $95,000 Pioneer Title Agency Inc
Lmac Holdings Llc $155,000 Lawyers Title Of Arizona Inc
Lopez Roberto Urias $60,000 Ati Title Agency
Duarte Christina -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rpm Cleanup & Construction Llc $380,000
Previous Owner Seven Jones Llc $145,000
Previous Owner Lopez Roberto Urias $59,816
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2015 12/31/15 Sold $155,000 -18.0% $96 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
01/07/2015 01/07/15 For Sale $189,000 -- $117 / 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 $1,055 $7,000 -- --
2024 $999 $6,666 -- --
2023 $999 $44,370 $8,870 $35,500
2022 $979 $30,610 $6,120 $24,490
2021 $999 $25,370 $5,070 $20,300
2020 $986 $20,450 $4,090 $16,360
2019 $955 $19,400 $3,880 $15,520
2018 $929 $14,400 $2,880 $11,520
2017 $885 $10,150 $2,030 $8,120
2016 $842 $8,650 $1,730 $6,920
2015 $793 $7,470 $1,490 $5,980
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Norma Gutierrez

    Baseline Realty

    (602) 570-3801

    2 in this area

    8 Total Sales

    Norma Gutierrez
    Section Image

  • N

    Buyer's Agent in 2015

    Norma Hernandez

    DeLex Realty

    (480) 654-3655

    10 Total Sales

    Norma Hernandez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5220805

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-60-103

Arizona Maricopa County Phoenix 85040 South Mountain

3112 E Roeser Rd, Phoenix, AZ

This home is located at 3112 E Roeser Rd, Phoenix, AZ 85040 since 07 January 2015 and is currently estimated at $484,608, approximately $299 per square foot. This property was built in 1960. 3112 E Roeser Rd is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High School, and Phoenix Coding Academy.

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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