$450,000
SOLD JUN 5, 2017

3131 N 66th St Scottsdale, AZ 85251

South Scottsdale Neighborhood
-- Bed
-- Bath
2,576 Sq Ft
8,015 Sq Ft Lot

Recently Sold

$175 Per Sq Ft

7% Above List Price

5 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • 2-minute walk to Paiute Park
  • Tavan Elementary School Rated A

About This Home

As of June 2017

Unprecedented 8% CAP Rate in the heart of Scottsdale! 4 easy to rent 2 bed/1 bath units, which are always occupied due to the location and conditions of the units. Units have been renovated and major capital improvements (+40k) took place in 2016- 3x brand new HVAC units (2 ton 14 seer), brand new roof (5 year warranty), new tile flooring, new paint just to name a few. Complex is eligible for residential financing! Sale also includes 2x coin operated commercial washers and 2x coin operated commercial dryers which are owned. Units are easy to maintain and desert landscaping is trouble free. Only minutes from ASU sky song, Giants stadium, and many other old town attractions. These opportunities, in terms of value and location, don’t come up often. DO NOT disturb tenants.

Last Agent to Sell the Property

Felix Hartel Caspari

American Realty Brokers License #SA666124000 Listed on: 05/14/2017

American Realty Brokers

Last Buyer's Agent

Jennifer Doyle

HomeSmart License #SA583434000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,169

Year Built

  • Built in 1970

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Tavan Elementary School
  • Ingleside Middle School
  • Arcadia High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 130-47-020

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8017
  • Imperial Manor Subdivision

Building Details

  • Operating Expense $5,432
  • Gross Income $39,000
  • Net Operating Income $33,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,169

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: 66th St & Osborne Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2016
  • Directions: North Scottsdale Rd & East Osborn Rd, head west, then turn left at N 66th St. Property is on left before road turns. Street gate is kept locked.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: Imperial Manor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Slump Block
  • Roof: Rolled/Hot Mop
  • Construction:Slump Block: Yes

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1835.0

Schools

  • Elementary School: Tavan Elementary School
  • High School: Arcadia High School
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 8017
  • Additional Parcels: No
  • Parcel #: 130-47-020

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 883.0
  • Annual Gross Income: 39000.0
  • Insurance Expense: 1245.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 33631.0
  • Annual Operating Expense: 5432.0

Tax Info

  • Tax Annual Amount: 1169.0
  • Tax Book Number: 130.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2021
Sold by
Nahjak Llc
Bought by
Melexa Properties Llc
Current Estimated Value
$1,067,681

Purchase Details

Closed on
May 25, 2018
Sold by
Apostolidis Nicholas and Apostolidis Helen
Bought by
Nahjak Llc

Purchase Details

Listed on
May 14, 2017
Closed on
May 31, 2017
Sold by
Caspari Felix Hartel
Bought by
Apostolidis Nicholas and Apostolidis Helen
Seller's Agent
Felix Hartel Caspari
American Realty Brokers
Buyer's Agent
Jennifer Doyle
HomeSmart
List Price
$420,000
Sold Price
$450,000
Premium/Discount to List
$30,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%

Purchase Details

Listed on
Sep 11, 2015
Closed on
Dec 28, 2015
Sold by
Hart Alan
Bought by
Caspari Felix Hartel
Seller's Agent
Stacie Whitfield
Flat List RE
Buyer's Agent
Daniel Clark
eXp Realty
List Price
$624,000
Sold Price
$306,250
Premium/Discount to List
-$317,750
-50.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.88%
Original Mortgage
$300,702
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hart Alan

Purchase Details

Closed on
Dec 1, 2009
Sold by
Eshaghian Vida
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 27, 2007
Sold by
Eshaghian Iradj
Bought by
Eshaghian Vida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2003
Sold by
Bloom Andrew R and Bloom Barbara E
Bought by
Lee Eunice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2003
Sold by
Kma Associates Llc
Bought by
Bloom Andrew R and Bloom Barbara E

Purchase Details

Closed on
Jun 27, 2003
Sold by
Smith Corwin
Bought by
Kma Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 18, 2002
Sold by
Triple D Development Llc
Bought by
Smith Corwin

Purchase Details

Closed on
Feb 18, 2002
Sold by
Smith Dawn
Bought by
Smith Corwin

Purchase Details

Closed on
Oct 24, 2001
Sold by
Dearen Darlene
Bought by
Triple D Development Llc

Purchase Details

Closed on
Aug 24, 2001
Sold by
Muirhead Lawrence
Bought by
Dearen Darlene

Purchase Details

Closed on
Aug 27, 1997
Sold by
Jensen Andrew C
Bought by
Koloseike Mark and Koloseike Jean C

Purchase Details

Closed on
Jan 24, 1997
Sold by
Jensen Andrew C and Jensen Collette L
Bought by
An Co Trust and Jensen Andrew C

Purchase Details

Closed on
Jun 27, 1996
Sold by
Jensen Andrew C
Bought by
Jensen Andrew C and Jensen Collette L
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 Type Sale Price Title Company
Warranty Deed $782,500 Pioneer Title Agency Inc
Quit Claim Deed -- None Available
Warranty Deed $450,000 Chicago Title Agency Inc
Warranty Deed $306,250 Fidelity Natl Title Agency
Special Warranty Deed -- None Available
Trustee Deed $108,000 Accommodation
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $465,000 First American Title Ins Co
Warranty Deed $246,000 Transnation Title Ins Co
Quit Claim Deed -- Transnation Title Ins Co
Trustee Deed $204,916 First American Title
Warranty Deed -- Stewart Title & Trust
Interfamily Deed Transfer -- Stewart Title & Trust
Quit Claim Deed -- --
Interfamily Deed Transfer -- Stewart Title & Trust
Warranty Deed $137,500 Stewart Title & Trust
Cash Sale Deed $250,000 First American Title
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,702 FHA
Previous Owner $360,000 Purchase Money Mortgage
Previous Owner $184,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2017 06/05/17 Sold $450,000 +7.1% $175 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/13/2017 05/13/17 For Sale $420,000 +37.1% $163 / Sq Ft
12/30/2015 12/30/15 Sold $306,250 -50.9% $119 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $624,000 -- $242 / 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 $1,338 $19,263 -- --
2024 $1,326 $18,345 -- --
2023 $1,326 $68,830 $13,760 $55,070
2022 $1,251 $47,410 $9,480 $37,930
2021 $1,331 $40,510 $8,100 $32,410
2020 $1,319 $33,850 $6,770 $27,080
2019 $1,283 $25,680 $5,130 $20,550
2018 $1,239 $24,260 $4,850 $19,410
2017 $1,190 $27,600 $5,520 $22,080
2016 $1,162 $21,020 $4,200 $16,820
2015 $1,112 $16,970 $3,390 $13,580
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2017

    Felix Hartel Caspari

    American Realty Brokers

    (480) 341-4800

    7 in this area

    25 Total Sales

    Felix Hartel Caspari
    Section Image
  • Jennifer Doyle

    Buyer's Agent in 2017

    Jennifer Doyle

    HomeSmart

    (602) 541-8292

    6 Total Sales

    Jennifer Doyle
    Section Image

  • S

    Seller's Agent in 2015

    Stacie Whitfield

    Flat List RE

    Section Image
  • Daniel Clark

    Buyer's Agent in 2015

    Daniel Clark

    eXp Realty

    (480) 231-1177

    5 Total Sales

    Daniel Clark
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5605297

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-020

Arizona Maricopa County Scottsdale 85251 South Scottsdale

3131 N 66th St, Scottsdale, AZ

This home is located at 3131 N 66th St, Scottsdale, AZ 85251 and is currently priced at $450,000, approximately $174 per square foot. This property was built in 1970. 3131 N 66th St is a home located in Maricopa County with nearby schools including Tavan Elementary School, Ingleside Middle School, and Arcadia High 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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