NOT LISTED FOR SALE

Estimated Value: $512,000 - $683,000

-- Bed
2 Baths
1,360 Sq Ft
$412/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $184,000 $135 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $3,344/month

20 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of February 2017

Here is the least expensive investment property to come for sale in the popular 85018 zip code.
This is single family remodeled dwelling is 1,360 square feet and is 4 bedrooms and 2 bathrooms. The home has 1 car covered carport and a private backyard.
There is a long term section 8 tenant in place.

Last Agent to Sell the Property

Tommy Atkinson

Realty ONE Group License #SA527127000 Listed on: 01/26/2017

Last Buyer's Agent

Lori Adamson

RE/MAX Fine Properties License #SA636317000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $900

Year Built

  • Built in 1953

Lot Details

  • 5,968

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Common or Shared Parking

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • Citrus Acres Lots 21 60 Subdivision
  • Operating Expense $1,400

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Tax Lot 94
  • Assessor Parcel Number 127-20-005-A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$900

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 38th Street & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: m-m
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2015
  • Directions: North on 38th Street to property.
  • Road Surface Type: Concrete
  • Subdivision Name: CITRUS ACRES LOTS 21-60
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 1.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Additional Parcels: No
  • Parcel #: 127-20-005-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 1
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 1400.0

Tax Info

  • Tax Annual Amount: 900.0
  • Tax Book Number: 127.00
  • Tax Lot: 94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Citru38 Fine Property Llc
Bought by
Cartes Kristy G
Total Days on Market
20
Current Estimated Value
$560,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Outstanding Balance
$97,950
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$480,482

Purchase Details

Closed on
May 17, 2017
Sold by
Cartee Kristy
Bought by
Citrus38 Fine Property Llc

Purchase Details

Listed on
Jan 26, 2017
Closed on
Feb 7, 2017
Sold by
Atkinson Tommy
Bought by
Cartee Kristy
Seller's Agent
Tommy Atkinson
Realty ONE Group
Buyer's Agent
Lori Adamson
RE/MAX Fine Properties
List Price
$259,000
Sold Price
$184,000
Premium/Discount to List
-$75,000
-28.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.84%
Original Mortgage
$146,400
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 20, 2014
Sold by
Atkinson Jamie and Atkinson Tommy
Bought by
Atkinson Tommy
Seller's Agent
Jeffrey Miller
Realty Executives
Buyer's Agent
Tommy Atkinson
Realty ONE Group
List Price
$65,000
Sold Price
$80,500
Premium/Discount to List
$15,500
23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.98%
Original Mortgage
$60,375
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 2, 2014
Closed on
May 21, 2014
Sold by
Fannie Mae
Bought by
Atkinson Tommy
Seller's Agent
Jeffrey Miller
Realty Executives
Buyer's Agent
Tommy Atkinson
Realty ONE Group
List Price
$65,000
Sold Price
$80,500
Premium/Discount to List
$15,500
23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,375
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2014
Sold by
Bjelke Rose
Bought by
Federal National Mortgage Association
Source: Public Records

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Range of Values:

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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
Cartes Kristy G -- Accommodation
Citrus38 Fine Property Llc -- Empire West Title Agency
Cartee Kristy $183,000 Empire West Title Agency
Atkinson Tommy -- Great American Title Agency
Atkinson Tommy $80,500 Great American Title Agency
Federal National Mortgage Association $170,771 Great American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cartee Kristy G $124,000
Previous Owner Cartee Kristy $146,400
Previous Owner Atkinson Thomas L $60,375
Previous Owner Atkinson Tommy $60,375
Previous Owner Bjelke Rose $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $184,000 -29.0% $135 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $259,000 +221.7% $190 / Sq Ft
06/23/2014 06/23/14 Sold $80,500 +23.8% $59 / Sq Ft
04/22/2014 04/22/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $65,000 -- $48 / 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 $2,528 $19,447 -- --
2024 $2,499 $18,521 -- --
2023 $2,499 $33,980 $6,790 $27,190
2022 $2,401 $24,420 $4,880 $19,540
2021 $2,459 $22,280 $4,450 $17,830
2020 $2,400 $22,080 $4,410 $17,670
2019 $2,383 $19,780 $3,950 $15,830
2018 $2,334 $18,160 $3,630 $14,530
2017 $2,244 $17,550 $3,510 $14,040
2016 $1,231 $11,030 $2,200 $8,830
2015 $1,146 $10,830 $2,160 $8,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5551709

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-20-005A