NOT LISTED FOR SALE

312 E Kinderman Dr Avondale, AZ 85323

Old Town Neighborhood

Estimated Value: $745,000 - $3,322,000

22 Beds
-- Bath
2,856 Sq Ft
$742/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $2,150,000 $753 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,347/month

80 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • 5-minute walk to Dennis Deconcini Park
  • Agua Fria High School Rated A-
  • Central Heating

About This Home

As of June 2022

Here is the perfect opportunity to build your portfolio on this 12 unit complex. Entire property is fully leased and professionally managed. Units have been semi-updated with various stages of flooring, paint, kitchen and bathroom renovations throughout. Many of the big ticket items have been done–Exterior Paint (2015), multiple units had new A/C Units (2013), new roof on some buildings and new sewer lines to all buildings. This is a diamond in the rough!!!! Up and coming location in Arizona's 14th largest city.

Includes 306/312 E Kinderman. All 12 units included in the sale.

Last Agent to Sell the Property

Emily Duarte

Keller Williams Arizona Realty License #SA565425000 Listed on: 02/28/2022

Keller Williams Arizona Realty

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,691

Year Built

  • Built in 1969

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Schools

  • Eliseo C. Felix Elementary School
  • Avondale Middle School
  • Agua Fria High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 500-17-152

Community Details

Overview

  • 4 Buildings
  • 12 Units
  • Building Dimensions are 199.82 X 135.73
  • Harmony Village Apartment Subdivision

Building Details

  • Operating Expense $37,633
  • Gross Income $162,841
  • Net Operating Income $133,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,691

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: Dysart Road and Van Buren Street
  • Legal Info Range: 1W
  • Property Type: Multiple Dwellings
  • Zoning: R4 & R3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2021
  • Directions: From Van Buren: South on Dysart. West (Right) on Riley. South (Left) on 5th Street. West (Right) on Kinderman to Harmony Village Apartments located on the north (right) side.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 16951.0
  • Subdivision Name: Harmony Village Apartment
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Other, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Window/Wall Unit
  • Heating: Central, Heat Pump, Window/Wall Unit(s), 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
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7229.0

Schools

  • Elementary School: Eliseo C. Felix School
  • High School: Agua Fria High School
  • Junior High Dist: Agua Fria Union High School District
  • Middle Or Junior School: Avondale Middle School

Lot Info

  • Lot Size: 199.82 X 135.73
  • Additional Parcels: Yes
  • Parcel #: 500-17-152

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Electric Expense: 363.43
  • Annual Gross Income: 162841.4
  • Insurance Expense: 2808.0
  • Maintenance Expense: 4725.0
  • Property Net Operating Income: 133780.0
  • Annual Operating Expense: 37632.63
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1691.2
  • Tax Book Number: 500.00
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Jun 28, 2022
Sold by
Davin Carey
Bought by
Sun Street Capital Llc
Seller's Agent
Emily Duarte
Keller Williams Arizona Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$2,395,000
Sold Price
$2,150,000
Premium/Discount to List
-$245,000
-10.23%
Current Estimated Value
$2,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,000
Avg. Annual Appreciation
-0.42%
Original Mortgage
$2,330,000
Outstanding Balance
$2,219,773
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
-$99,773

Purchase Details

Listed on
May 25, 2018
Closed on
Sep 14, 2018
Sold by
Roberts Jay and Roberts Carol
Bought by
Ddb Kinderman Llc
Seller's Agent
Carlie Goulet
Keller Williams Realty Phoenix
Buyer's Agent
Carlie Goulet
Keller Williams Realty Phoenix
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.13%
Original Mortgage
$562,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2013
Sold by
Kbd&Rr Investments Llc
Bought by
Roberts Jay and Roberts Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 10, 2013
Sold by
Kbde Investments Llc
Bought by
Kbd&Rr Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 28, 2010
Sold by
Midfirst Bank
Bought by
Kbde Investments Llc

Purchase Details

Closed on
Nov 10, 2005
Sold by
Diaz Hernan
Bought by
Ibarra Jesus and Ibarra Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,784
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1999
Sold by
Munger Investments Inc
Bought by
Diaz Herman

Purchase Details

Closed on
Feb 27, 1995
Sold by
Roberts William J and Roberts Maud A
Bought by
Munger Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.92%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Sun Street Capital Llc $2,150,000 New Title Company Name
Carey David -- New Title Company Name
Ddb Kinderman Llc $750,000 Security Title Agency Inc
Roberts Jay $300,000 Grand Canyon Title Agency In
Kbd&Rr Investments Llc -- None Available
Kbde Investments Llc $120,000 Thomas Title & Escrow
Ibarra Jesus $600,000 Stewart Title & Trust Of Pho
Diaz Herman $213,000 Transnation Title Ins Co
Munger Investments Inc $55,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Street Capital Llc $2,330,000
Previous Owner Ddb Kinderman Llc $562,500
Previous Owner Roberts Jay $270,000
Previous Owner Ibarra Jesus $423,784
Previous Owner Munger Investments Inc $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $2,150,000 -6.3% $753 / Sq Ft
06/22/2022 06/22/22 Price Changed $2,295,000 0.0% $804 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
03/30/2022 03/30/22 Price Changed $2,295,000 -4.2% $804 / Sq Ft
02/28/2022 02/28/22 For Sale $2,395,000 +219.3% $839 / Sq Ft
09/18/2018 09/18/18 Sold $750,000 -6.3% $263 / Sq Ft View Prior Sale
09/15/2018 09/15/18 For Sale $800,000 0.0% $280 / Sq Ft
09/15/2018 09/15/18 Price Changed $800,000 0.0% $280 / Sq Ft
09/04/2018 09/04/18 Price Changed $800,000 0.0% $280 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $800,000 -- $280 / 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 $1,679 $16,057 -- --
2024 $1,664 $15,293 -- --
2023 $1,664 $85,830 $17,160 $68,670
2022 $1,603 $51,010 $10,200 $40,810
2021 $1,691 $41,360 $8,270 $33,090
2020 $1,639 $31,780 $6,350 $25,430
2019 $1,629 $29,910 $5,980 $23,930
2018 $1,635 $21,230 $4,240 $16,990
2017 $1,595 $19,330 $3,860 $15,470
2016 $1,627 $19,760 $3,950 $15,810
2015 $1,513 $18,620 $3,720 $14,900
Source: Public Records

Agents Affiliated with this Home

  • Emily Duarte

    Seller's Agent in 2022

    Emily Duarte

    Keller Williams Arizona Realty

    (480) 467-9278

    1 in this area

    280 Total Sales

    Emily Duarte
    Section Image
  • Linda Gerchick

    Buyer's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    119 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

  • Carlie Goulet

    Seller's Agent in 2018

    Carlie Goulet

    Keller Williams Realty Phoenix

    (480) 788-9660

    28 Total Sales

    Carlie Goulet
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6361702

Arizona Regional Multiple Listing Service (ARMLS)

APN: 500-17-152

Arizona Maricopa County Avondale 85323 Old Town

312 E Kinderman Dr, Avondale, AZ

This home is located at 312 E Kinderman Dr, Avondale, AZ 85323 since 28 February 2022 and is currently estimated at $2,120,000, approximately $742 per square foot. This property was built in 1969. 312 E Kinderman Dr is a home located in Maricopa County with nearby schools including Lattie Coor, Eliseo C. Felix School, and Avondale Middle School.

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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