NOT LISTED FOR SALE

312 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $407,000 - $1,120,000

Studio
1 Bath
487 Sq Ft
$1,488/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2013

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

Est. 32% increase in value since last sale

Current estimated payment $4,023 / mo

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

Better Homes & Gardens Real Estate SJ Fowler

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
  • Separate Meters

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

0.31 Acres

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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2015
Sold by
Bought by
Current Estimated Value
$724,667

Purchase Details

Listed on
Jan 1, 2013
Closed on
Feb 25, 2013
Sold by
Bought by
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
2.08%
Original Mortgage
$400,000
Interest Rate
0.034%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 26, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 2008
Sold by
Bought by

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
0.0649%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 5, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2004
Sold by
Bought by

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
0.0582%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by

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
0.0582%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bought by

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
0.0604%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 1999
Sold by
Bought by

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
0.085%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$550,000 Chicago Title Agency Inc
-- Accommodation
-- None Available
$598,963 None Available
$850,000 Capital Title Agency Inc
$570,000 None Available
-- Chicago Title Insurance Co
$810,000 Chicago Title Insurance Co
$568,000 Fidelity National Title
$375,000 Nations Title Insurance Co
$310,000 North American Title Agency
-- Transnation Title Ins Co
$160,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $595,000
Previous Owner $540,000
Previous Owner $540,000
Previous Owner $426,000
Previous Owner $288,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $886 $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

  • L

    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

    37 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

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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