$350,000
SOLD JUL 6, 2017
-- Bed
-- Bath
1,250 Sq Ft
8,015 Sq Ft Lot

Recently Sold

$280 Per Sq Ft

6 Days on Market

Highlights

  • Heated Community Pool
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Paiute Park
  • Tavan Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of July 2017

ONE OF A KIND FOURPLEX WITH EXCELLENT SCOTTSDALE LOCATION, WALKING DISTANCE TO DOWNTOWN SCOTTSDALE, SHOPPING, RESTURANTS AND MINUTES TO ASU, THIS IS A FULLY OCCUPIED GREAT INCOME PROPERTY THAT FEATURES GATED AND SECURED ACCESS, A PRIVATE POOL WHICH MAKES IT IS EASY TO RENT AND VERY DESIRABLE FOR TENANTS TO LIVE. THIS PROPERTY FEATURES THREE 1 BEDROOM UNITS AND ONE 2 BEDROOM UNIT WITH PRIVATE PATIO. COVERED PARKING, INCOME PRODUCING LAUNDRY, THIS PROPERTY HAS HAD MANY UPGRADES INCLUDING NEW ROOF 2011, POOL RESURFACED AND UP TO CODE IN 2013, NEW WINDOWS, 6 NEW HVAC UNITS 2012, 2 NEW REFRIGERATORS, 2 NEW WATER HEATERS, NEW COIN-OP WASHING MACHINE, THESE UNITS ARE INDIVIDUALLY METERED UNITS. BEING SOLD AS-IS, DRIVE BY ONLY-DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Robert Waddell

Realty Executives License #SA547024000 Listed on: 05/12/2017

Realty Executives

Co-Listed By

Nick Bastian

Realty Executives License #SA045994000

Last Buyer's Agent

Amir Dorn

HomeSmart License #BR637991000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,192

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Tonalea K-8 Elementary School
  • Supai Middle School
  • Coronado High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, pool/spa maintenance
  • Tax Lot 9
  • Assessor Parcel Number 130-47-013

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8025
  • Imperial Manor Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $7,117
  • Gross Income $26,600
  • Net Operating Income $19,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,192

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 68th St/Osborn
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2016
  • Directions: East on Osborn to 66th St, South to 3231 S 66th St building on the East side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reax15
  • Co List Office Phone: 480-839-2600
  • Subdivision Name: IMPERIAL MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual, Wall/Window Unit(s)
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Tonalea K-8
  • High School: Coronado High School
  • Middle Or Junior School: Supai Middle School

Lot Info

  • Lot Size: 8025
  • Additional Parcels: No
  • Parcel #: 130-47-013

Multi Family

  • Owner Pays: Trash Collection, Water, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 900.0
  • Annual Gross Income: 26600.0
  • Insurance Expense: 1425.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 19483.0
  • Annual Operating Expense: 7117.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1192.0
  • Tax Book Number: 130.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 26, 2017
Sold by
Knabb William J
Bought by
Zandi Pirouz
Seller's Agent
Robert Waddell
Realty Executives
Buyer's Agent
Amir Dorn
HomeSmart
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$1,006,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,253
Avg. Annual Appreciation
14.95%
Original Mortgage
$343,660
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 29, 2012
Closed on
Dec 11, 2012
Sold by
Century Services Us Inc
Bought by
Knabb William J
Seller's Agent
Darren Tackett
eXp Realty
Buyer's Agent
Robert Waddell
Realty Executives
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$227,260
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 7, 2012
Closed on
May 9, 2012
Sold by
Miller Jason P and Miller Jason
Bought by
Century Services Usa Inc
Seller's Agent
Corey Poore
RE/MAX Alliance Group
Buyer's Agent
Jeffrey Duncan
Vanderbilt Realty
List Price
$180,000
Sold Price
$185,000
Premium/Discount to List
$5,000
2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.02%

Purchase Details

Closed on
May 22, 2009
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Miller Jason and Miller Jason P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2009
Sold by
Eshaghian Iradj and Mortgage Electronic Registrati
Bought by
The Bank Of New York Mellon Trust Compan and Ramp 2006Rs4

Purchase Details

Closed on
Nov 3, 2005
Sold by
Eshaghian Vida
Bought by
Eshaghian Iradj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 1996
Sold by
Ferrari Robert and Kowel Robert
Bought by
Shriver Allen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,150
Interest Rate
7.14%
Mortgage Type
Commercial
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

Date Type Sale Price Title Company
Warranty Deed $350,000 Greystone Title Agency Llc
Warranty Deed $220,000 First American Title Ins Co
Cash Sale Deed $183,000 American Title Service Agenc
Special Warranty Deed $130,000 First American Title Ins Co
Trustee Deed $158,552 None Available
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $395,000 First American Title Ins Co
Warranty Deed $94,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $339,000 New Conventional
Closed $336,972 FHA
Closed $343,660 FHA
Previous Owner $225,000 Commercial
Previous Owner $186,000 Commercial
Previous Owner $227,260 Commercial
Previous Owner $2,000,000 Commercial
Previous Owner $97,500 Commercial
Previous Owner $355,500 Commercial
Previous Owner $66,150 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2017 07/06/17 Sold $350,000 0.0% $280 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $350,000 +59.1% $280 / Sq Ft
01/11/2013 01/11/13 Sold $220,000 -2.2% $176 / Sq Ft
12/08/2012 12/08/12 Pending -- -- --
11/29/2012 11/29/12 For Sale $225,000 +21.6% $180 / Sq Ft
05/16/2012 05/16/12 Sold $185,000 +2.8% $148 / Sq Ft
04/21/2012 04/21/12 Pending -- -- --
04/07/2012 04/07/12 For Sale $180,000 -- $144 / 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 $1,364 $19,643 -- --
2024 $1,352 $18,708 -- --
2023 $1,352 $73,050 $14,610 $58,440
2022 $1,276 $49,560 $9,910 $39,650
2021 $1,357 $42,880 $8,570 $34,310
2020 $1,345 $35,720 $7,140 $28,580
2019 $1,309 $26,950 $5,390 $21,560
2018 $1,263 $25,430 $5,080 $20,350
2017 $1,213 $28,770 $5,750 $23,020
2016 $1,192 $21,770 $4,350 $17,420
2015 $1,133 $17,680 $3,530 $14,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5604536

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-013