NOT LISTED FOR SALE

Estimated Value: $459,000 - $2,596,747

7 Beds
10 Baths
4,023 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: April 12, 2021

Last sale price $958,000 $238 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $8,307 / mo

46 Days on Market

Highlights

  • Heated Community Pool
  • Brick Veneer
  • Ceramic Tile Flooring
  • Tavan Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of April 2021

This beautiful paradise for tenants looks to be off the beaten path with full mature landscaping full privacy hedges, banana trees, bougainvillea and so forth.this nearly half acre in Arcadia lite property has a Full Single family house and a four plex! The pool has been closed off to only use in the 3 bedroom house that is currently vacant. This property is a value add dream! Currently four units have been left vacant for the purpose of a sale! Property is on Lockbox call for info! There is a second parcel at 3323 n 40th st if interested in both parcels Owner will sell for 1,800,000.

Last Agent to Sell the Property

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 01/25/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Aaron Remer

Coldwell Banker Realty License #SA580546000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1955

Home Design

  • Brick Veneer
  • Tile Roof
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Adobe

Parking

  • 8 Open Parking Spaces
  • 11 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Window Unit Heating System
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 127-15-048

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 0 x 0
  • Palo Alto Park Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $19,767
  • Gross Income $88,920
  • Net Operating Income $69,153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1955

Lot Details

0 Sq Ft Lot

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2020
  • Professional Management Expense: 7488.0
  • Subdivision Name: PALO ALTO PARK
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Adobe, Block
  • Roof: Composition, Tile, Foam
  • Construction:Block: Yes
  • Construction:Adobe: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 11.0

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • Heating: Window/Wall Unit(s), Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes

Fee Information

  • Annual Water Sewer Expense: 2568.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0 x 0
  • Additional Parcels: Yes
  • Parcel #: 127-15-048

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 88920.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 69153.0
  • Annual Operating Expense: 19767.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3511.0
  • Tax Book Number: 127.00
  • Tax Lot: 10

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
Oct 27, 2023
Sold by
Bought by
Current Estimated Value
$1,490,187

Purchase Details

Closed on
May 9, 2023
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
$1,495,000
Interest Rate
0.0642%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2021
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
$1,837,500
Interest Rate
0.029%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jun 11, 2021
Sold by
Bought by
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
Coldwell Banker Realty
List Price
$1,800,000
Sold Price
$958,000
Premium/Discount to List
-$842,000
-46.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$1,837,500
Interest Rate
0.029%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 25, 2021
Closed on
Apr 5, 2021
Sold by
Bought by
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
Coldwell Banker Realty
List Price
$1,800,000
Sold Price
$958,000
Premium/Discount to List
-$842,000
-46.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
0.0305%
Mortgage Type
Unknown
Source: Public Records
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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
$2,650,000 None Listed On Document
-- Truly Title
-- Accommodation
$1,090,000 Driggs Title Agency Inc
$1,680,000 Driggs Title Agency Inc
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 $1,495,000
Previous Owner $1,837,500
Previous Owner $165,000
Previous Owner $720,000
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
04/12/2021 04/12/21 Sold $958,000 -8.8% $238 / Sq Ft
04/09/2021 04/09/21 Price Changed $1,050,000 0.0% $261 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $1,050,000 -41.7% $261 / Sq Ft
01/25/2021 01/25/21 For Sale $1,800,000 -- $447 / 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 $2,239 $27,203
2024 $2,095 $25,908
2023 $2,095 $100,700 $20,140 $80,560
2022 $1,897 $77,080 $15,410 $61,670
2021 $1,976 $65,130 $13,020 $52,110
2020 $1,946 $56,780 $11,350 $45,430
2019 $1,876 $49,170 $9,830 $39,340
2018 $1,809 $41,860 $8,372 $33,488
2017 $1,730 $27,760 $5,550 $22,210
2016 $1,684 $28,050 $5,610 $22,440
2015 $1,545 $26,100 $5,220 $20,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6185694

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-15-048

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