NOT LISTED FOR SALE

312 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $384,000 - $1,225,000

-- Bed
1 Bath
487 Sq Ft
$1,553/Sq Ft Est. Value

Last Sold March 06, 2013

Last sale price $550,000 $1,129 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,085/month

36 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of March 2013

Lender/Seller Carry Opportunity!!! Seller is offering 3% interest rate with 20% down, 30 year AM-balloon due in 3! This is a great opportunity to reposition this asset and take advantage of its location across the street from the Hospital. All one bed units are perfect for the Medical Professional working at the hospital!!! Buyer to veriy all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/01/2013

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Michael Liscano

Dana Hubbell Group License #SA637482000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,716

Year Built

  • Built in 1980

Lot Details

  • 0.31

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 159-45-091

Community Details

Overview

  • 16 Units
  • Building Dimensions are irr
  • Tengen Place Add Blk D H Subdivision

Building Details

  • Gross Income $75,600
  • Net Operating Income $48,378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,716

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 7th Street/Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2012
  • Directions: North to Hatcher, West to property on North side of road - across the street from John C Lincoln Hospital!!!
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4536.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Tengen Place Add Blk D-H
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2807.0
  • Annual Water Sewer Expense: 2662.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 159-45-091

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 16
  • Electric Expense: 580.0
  • Annual Gross Income: 75600.0
  • Insurance Expense: 2814.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 48378.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2716.0
  • Tax Book Number: 159.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2015
Sold by
New Century Management Llc
Bought by
312 East Hatcher Road Llc
Total Days on Market
36
Current Estimated Value
$756,333

Purchase Details

Listed on
Jan 1, 2013
Closed on
Feb 25, 2013
Sold by
Gilbert Barbara Fried
Bought by
New Century Management Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Liscano
Dana Hubbell Group
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$400,000
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 26, 2011
Sold by
Wilson Mark B and Wilson Simone E
Bought by
312 Hatcher Road Llc

Purchase Details

Closed on
Jan 10, 2011
Sold by
Graham Nancy L
Bought by
Nl Graham Investments Llc

Purchase Details

Closed on
Oct 30, 2009
Sold by
Ravencrest Properties Llc and Ayala Jesse
Bought by
Gilbert Barbara Fried and The Barbara Fried Gilbert Revocable Trus

Purchase Details

Closed on
Jun 19, 2008
Sold by
Ayala Jesse
Bought by
Ravencrest 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
$595,000
Interest Rate
6.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 5, 2007
Sold by
Aparicio Carlos
Bought by
Ayala Jesse

Purchase Details

Closed on
Oct 12, 2004
Sold by
Aparicio Veronica
Bought by
Aparicio Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Stamenov Adrian
Bought by
Aparicio Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2003
Sold by
Catinas Tiberiu and Catinas Rodica
Bought by
Stamenov Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 1999
Sold by
Lapuste Zaharia and Lapuste Cornelia
Bought by
Catinas Tiberiu and Catinas Rodica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1998
Sold by
Diamond Properties Ltd
Bought by
Lapuste Zaharia and Lapuste Cornelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 1998
Sold by
Tebbs Clement F
Bought by
Tebbs Barbara Ann

Purchase Details

Closed on
Oct 28, 1997
Sold by
Tebbs Barbara Ann
Bought by
Diamond Properties Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back
Source: Public Records

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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 Buyer Sale Price Title Company
312 East Hatcher Road Llc -- None Available
New Century Management Llc $550,000 Chicago Title Agency Inc
312 Hatcher Road Llc -- Accommodation
Nl Graham Investments Llc -- None Available
Gilbert Barbara Fried $598,963 None Available
Ravencrest Properties Llc $850,000 Capital Title Agency Inc
Ayala Jesse $570,000 None Available
Aparicio Carlos -- Chicago Title Insurance Co
Aparicio Carlos $810,000 Chicago Title Insurance Co
Stamenov Adrian $568,000 Fidelity National Title
Catinas Tiberiu $375,000 Nations Title Insurance Co
Lapuste Zaharia $310,000 North American Title Agency
Tebbs Barbara Ann -- Transnation Title Ins Co
Diamond Properties Ltd $160,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner New Century Management Llc $400,000
Previous Owner Ravencrest Properties Llc $595,000
Previous Owner Aparicio Carlos $540,000
Previous Owner Aparicio Carlos $540,000
Previous Owner Stamenov Adrian $426,000
Previous Owner Catinas Tiberiu $288,000
Previous Owner Lapuste Zaharia $248,000
Previous Owner Diamond Properties Ltd $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2013 03/06/13 Sold $550,000 -12.0% $1,129 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
01/01/2013 01/01/13 For Sale $625,000 -- $1,283 / 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 $853 $6,971 $6,971 --
2024 $837 $6,639 $6,639 --
2023 $837 $19,290 $19,290 $0
2022 $810 $13,275 $13,275 $0
2021 $820 $11,955 $11,955 $0
2020 $800 $10,830 $10,830 $0
2019 $785 $7,230 $7,230 $0
2018 $765 $6,420 $6,420 $0
2017 $761 $5,190 $5,190 $0
2016 $747 $5,250 $5,250 $0
2015 $738 $5,536 $5,536 $0
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Kaipainen

    Seller's Agent in 2013

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Michael Liscano

    Buyer's Agent in 2013

    Michael Liscano

    Dana Hubbell Group

    (480) 330-1411

    42 Total Sales

    Michael Liscano
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4874830

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-45-091

Arizona Maricopa County Phoenix 85020 North Central

312 E Hatcher Rd, Phoenix, AZ

This home is located at 312 E Hatcher Rd, Phoenix, AZ 85020 since 01 January 2013 and is currently estimated at $756,333, approximately $1,553 per square foot. This property was built in 1980. 312 E Hatcher Rd is a home located in Maricopa County with nearby schools including Sunnyslope Elementary School, Sunnyslope High School, and Montessori Day Public Schools Chartered - Mountainside.

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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