NOT LISTED FOR SALE

318 W 2nd Ave Casa Grande, AZ 85122

Estimated Value: $177,000 - $393,000

-- Bed
-- Bath
2,294 Sq Ft
$118/Sq Ft Est. Value

Last Sold September 08, 2015

Last sale price $94,000 $41 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $1,603/month

212 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Multiple cooling system units
  • Central Heating and Cooling System

About This Home

As of September 2015

3 units with great cash flow. The rehab is done and renters are in place! Or live in one and enjoy income from the others. With 3014 square foot of total living space this is not the typical apartment setup-homes have private entries, large rooms, private fenced front and backyards with room for parking even large trucks. Three units in 2 structures are 3 bedrooms/2 bathroom, 3/1 and 2/1. Metered separately with features including a carport, balcony, concrete RV pad and front porch on a corner lot. Don't miss this opportunity to own near Casa Grande Life on Main Street Master Plan site which will create a park, plaza, eateries and more.

Last Agent to Sell the Property

Deanne Olivas

eXp Realty License #SA544216000 Listed on: 12/23/2014

Last Buyer's Agent

Lawrence Ackerman

West USA Realty License #SA553874000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,614

Year Built

  • Built in 1954

Lot Details

  • 0.3

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • RV or Boat Parking

Schools

  • Ocotillo Elementary School
  • Casa Grande Middle School
  • Casa Grande Union High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, water, cable TV, landscaping
  • The owner pays for trash collection, sewer
  • Tax Lot 3-4
  • Assessor Parcel Number 507-13-044

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 100X128
  • E P Drew Addition Subdivision

Building Details

  • Operating Expense $10,596
  • Net Operating Income $13,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,614

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 2nd AVE and Katherine
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2011
  • Directions: South on Florence Street across tracks to 2nd Ave, West to corner of 2nd and Katherine.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1800.0
  • Subdivision Name: E P Drew Addition
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other (See Remarks), Free, RV/Boat Parking, Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 930.0
  • Annual Water Sewer Expense: 930.0

Schools

  • Elementary School: Ocotillo School
  • High School: Casa Grande Union High School
  • Junior High Dist: Casa Grande Union High School District
  • Middle Or Junior School: Casa Grande Middle School

Lot Info

  • Lot Size: 100X128
  • Additional Parcels: No
  • Parcel #: 507-13-044

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Gas, Electricity, Water, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Insurance Expense: 2448.0
  • Maintenance Expense: 1260.0
  • Property Net Operating Income: 13380.0
  • Annual Operating Expense: 10596.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1614.0
  • Tax Book Number: 507.00
  • Tax Lot: 3-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2016
Sold by
Barrana Llc
Bought by
Garcia Jennifer
Current Estimated Value
$271,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,910
Outstanding Balance
$50,657
Interest Rate
3.43%
Mortgage Type
Unknown
Estimated Equity
$220,881

Purchase Details

Listed on
Dec 23, 2014
Closed on
Aug 25, 2015
Sold by
Dies Misty and Dies Brian
Bought by
Dies Brian
Seller's Agent
Deanne Olivas
eXp Realty
Buyer's Agent
Lawrence Ackerman
West USA Realty
List Price
$125,000
Sold Price
$94,000
Premium/Discount to List
-$31,000
-24.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$70,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2012
Closed on
Sep 17, 2012
Sold by
Federal National Mortgage Association
Bought by
Hadron Development Llc
Seller's Agent
Andrew Hilt
The Real Estate Firm
Buyer's Agent
Tami Hill
Realty ONE Group
List Price
$64,900
Sold Price
$35,100
Premium/Discount to List
-$29,800
-45.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.33%

Purchase Details

Closed on
Apr 13, 2012
Sold by
Gutcho Lawrence B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 16, 2005
Sold by
Brimhall Logan B and Brimhall Nadine W
Bought by
Gutcho Lawrence B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2001
Sold by
Brimhall & Associates
Bought by
Brimhall Logan B and Brimhall Nadine W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
7.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2001
Sold by
Gomez Jaema
Bought by
Brimhall & Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.09%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Garcia Jennifer $69,900 Security Title Agency Inc
Dies Brian -- Great American Title Agency
Dies Brian $94,000 Great American Title Agency
Hadron Development Llc $35,100 First American Title Ins Co
Federal National Mortgage Association $105,959 First American Title
Gutcho Lawrence B $180,000 Fidelity National Title Agen
Brimhall Logan B $135,000 Chicago Title Insurance Co
Brimhall & Associates $79,500 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Jennifer $62,910
Previous Owner Dies Brian $70,500
Previous Owner Gutcho Lawrence B $108,000
Previous Owner Brimhall Logan B $101,250
Previous Owner Brimhall & Associates $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2015 09/08/15 Sold $94,000 -24.8% $41 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
12/23/2014 12/23/14 For Sale $125,000 +256.1% $54 / Sq Ft
09/18/2012 09/18/12 Sold $35,100 -45.9% --
08/31/2012 08/31/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $64,900 -- --
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 $1,482 $28,372 -- --
2024 $1,488 $26,800 -- --
2023 $1,512 $20,674 $1,300 $19,374
2022 $1,488 $11,130 $1,300 $9,830
2021 $1,559 $10,530 $0 $0
2020 $1,501 $10,273 $0 $0
2019 $1,429 $9,692 $0 $0
2018 $1,447 $9,430 $0 $0
2017 $1,479 $9,522 $0 $0
2016 $1,426 $8,968 $1,300 $7,668
2014 $1,568 $10,195 $1,300 $8,895
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5213741

Arizona Regional Multiple Listing Service (ARMLS)

APN: 507-13-044