$735,000
SOLD APR 19, 2023
-- Bed
-- Bath
1,440 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$510 Per Sq Ft

14% Below List Price

19 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • No Heating
  • Tavan Elementary School Rated A

About This Home

As of September 2024

Location! Location! Location! Multifamily 4-Plex opportunity, excellent long term or Airbnb/VRBO investment opportunity in the most desirable rental market in Scottsdale! Just a few blocks away from Old Town Scottsdale, Scottsdale Fashion Square, and Scottsdale Stadium home of the SF Giants Spring Training. Demo has been completed and all units can be configured to your desired 2 bed 1 bathroom living spaces. Each unit has a private patio. Property has 3 storage rooms that can be used for expansion for more livable space. Comparable remodeled units in the immediate area are being leased up to $2,000 per month. This property has the potential to produce $8,000 monthly gross income, $96,000 annual gross income.

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 08/12/2022

My Home Group Real Estate

Co-Listed By

James Roberts

My Home Group Real Estate License #SA639379000

Last Buyer's Agent

Edson Salas

ES Realty License #BR578194000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,312

Year Built

  • Built in 1958

Home Design

  • Block Exterior

Parking

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

Schools

  • Hopi Elementary School
  • Ingleside Middle School
  • Arcadia High School

Utilities

  • Cooling Available
  • No Heating
  • Master Water Meter

Additional Features

  • Concrete Flooring
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 130-47-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are 108' x 78'
  • Holiday Park 2 Subdivision

Building Details

  • Operating Expense $1,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,312

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: 2021
  • 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: Asphalt, Dedicated Street, Sidewalk(s)
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: HOLIDAY PARK 2
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Other, 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: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: Master Meter, City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Hopi Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 108' x 78'
  • Additional Parcels: No
  • Parcel #: 130-47-046

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1312.0

Tax Info

  • Tax Annual Amount: 1312.0
  • Tax Book Number: 130.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2024
Closed on
Aug 27, 2024
Sold by
3114 N 68Th Llc
Bought by
Ras Bagai Properties Llc
Seller's Agent
Kelly Wight
Sundance Properties
Buyer's Agent
Peter Hall
Compass
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
28
Current Estimated Value
$1,253,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,326
Avg. Annual Appreciation
0.26%
Original Mortgage
$875,000
Outstanding Balance
$866,525
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$386,801

Purchase Details

Listed on
Aug 12, 2022
Closed on
Apr 19, 2023
Sold by
Switzer Ralph V
Bought by
3114 N 68Th Llc
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Edson Salas
ES Realty
List Price
$850,000
Sold Price
$735,000
Premium/Discount to List
-$115,000
-13.53%
Views
558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.53%
Original Mortgage
$890,000
Interest Rate
6.73%
Mortgage Type
New Conventional

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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%
Original Mortgage
$206,250
Interest Rate
3.73%
Mortgage Type
Commercial

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
$206,250
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Interest Rate
4.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2011
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
$92,250
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2011
Sold by
Butorvich 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
$92,250
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

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 3, 2005
Sold by
Underwalden 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
Unterwalden 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
Unterwalden Properties Llc

Purchase Details

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

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

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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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 Type Sale Price Title Company
Warranty Deed $1,250,000 Chicago Title Agency
Special Warranty Deed $735,000 Arizona Title
Warranty Deed $282,000 Fidelity Natl Title Agency I
Interfamily Deed Transfer -- Fidelity Natl Title Agency I
Warranty Deed -- North American Title Company
Interfamily Deed Transfer -- North American Title Company
Special Warranty Deed $123,000 North American Title Company
Trustee Deed $225,846 None Available
Quit Claim Deed -- None Available
Warranty Deed $325,000 Prescott Title Inc
Quit Claim Deed -- Capital Title Agency Inc
Quit Claim Deed -- Capital Title Agency Inc
Quit Claim Deed -- --
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $153,500 Fidelity Title
Warranty Deed $134,000 North American Title Agency
Warranty Deed $125,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $875,000 New Conventional
Previous Owner $890,000 New Conventional
Previous Owner $206,250 Commercial
Previous Owner $206,250 Commercial
Previous Owner $92,250 Commercial
Previous Owner $92,250 Purchase Money Mortgage
Previous Owner $260,000 Commercial
Previous Owner $176,000 Commercial
Previous Owner $172,800 Commercial
Previous Owner $122,800 Commercial
Previous Owner $87,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $1,250,000 -7.4% $868 / Sq Ft
09/07/2024 09/07/24 Price Changed $1,350,000 0.0% $938 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $1,350,000 0.0% $938 / Sq Ft
08/04/2024 08/04/24 Pending -- -- --
07/18/2024 07/18/24 Price Changed $1,350,000 0.0% $938 / Sq Ft
07/18/2024 07/18/24 For Sale $1,350,000 +8.0% $938 / Sq Ft
07/15/2024 07/15/24 Off Market $1,250,000 -- --
06/01/2024 06/01/24 Price Changed $1,395,000 -6.7% $969 / Sq Ft
05/07/2024 05/07/24 For Sale $1,495,000 +19.6% $1,038 / Sq Ft
05/07/2024 05/07/24 Off Market $1,250,000 -- --
04/25/2024 04/25/24 Price Changed $1,495,000 -3.5% $1,038 / Sq Ft
04/05/2024 04/05/24 Price Changed $1,550,000 -8.8% $1,076 / Sq Ft
01/23/2024 01/23/24 For Sale $1,700,000 +131.3% $1,181 / Sq Ft
04/19/2023 04/19/23 Sold $735,000 -13.5% $510 / Sq Ft
01/11/2023 01/11/23 For Sale $850,000 0.0% $590 / Sq Ft
01/11/2023 01/11/23 Price Changed $850,000 0.0% $590 / Sq Ft
10/05/2022 10/05/22 For Sale $850,000 0.0% $590 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $850,000 +201.4% $590 / 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 $1,319 $18,998 -- --
2024 $1,308 $18,093 -- --
2023 $1,308 $68,860 $13,770 $55,090
2022 $1,234 $48,620 $9,720 $38,900
2021 $1,312 $40,630 $8,120 $32,510
2020 $1,301 $34,000 $6,800 $27,200
2019 $1,266 $27,080 $5,410 $21,670
2018 $1,221 $24,500 $4,900 $19,600
2017 $1,173 $22,900 $4,580 $18,320
2016 $1,153 $20,400 $4,080 $16,320
2015 $1,096 $18,970 $3,790 $15,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6449163

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-046