Seller's Agent in 2021
Keith Grayson
Grayson Real Estate
(602) 418-0350
3 in this area
36 Total Sales
3231 W Madison St Phoenix, AZ 85009
Estrella Village NeighborhoodEstimated Value: $505,000 - $651,995
Studio
--
Bath
2,520
Sq Ft
$240/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
About This Home
As of April 2021Professionally managed, renovated 4-plex that is 100% occupied at $4,000 per month gross or $48,000 per year at a 7.77% CAP. All units are 2 bedroom 1 bath with large courtyards. Individually metered for electric with tenants paying for electricity while the owner pays water, sewer, and trash. New roof, R-38 insulation, new dual pane windows, new exterior paint, and new AC has been installed. Each unit features stainless steel appliances, new interior doors, fresh interior paint, new shaker cabinets, and new Quartz counters.
Last Agent to Sell the Property
Grayson Real Estate License #BR636932000 Listed on: 02/22/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $888
Year Built
- Built in 1985
Lot Details
- 8,015
Home Design
- Composition Roof
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- William R Sullivan Elementary School
- Carl Hayden High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 5 / 4
- Assessor Parcel Number 109-40-100-K
Community Details
Overview
- 4 Units
- Building Dimensions are 59 x 135
- Wormsers Addition Block 4 Subdivision
Building Details
- Operating Expense $7,188
- Gross Income $48,000
- Net Operating Income $40,812
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2021
Closed on
Apr 5, 2021
Sold by
Klg Investments Llc
Bought by
Danovich Sam
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Corey Condit
eXp Realty
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,999
Avg. Annual Appreciation
3.07%
Original Mortgage
$393,750
Outstanding Balance
$354,355
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$251,644
Purchase Details
Listed on
Feb 22, 2021
Closed on
Apr 2, 2021
Sold by
Danovich Sam
Bought by
Sam Danovich Properties Llc
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Corey Condit
eXp Realty
List Price
$525,000
Sold Price
$525,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Outstanding Balance
$354,355
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$251,644
Purchase Details
Listed on
Mar 28, 2020
Closed on
May 13, 2020
Sold by
Sanchez Oscar and Sanchez Karen
Bought by
Klg Investments Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Keith Grayson
Grayson Real Estate
List Price
$282,000
Sold Price
$252,000
Premium/Discount to List
-$30,000
-10.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
128.12%
Original Mortgage
$285,000
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 13, 2018
Sold by
Sanchez Oscar and Sanchez Karen
Bought by
Sanchez Oscar and Sanchez Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,900
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Dec 20, 2011
Closed on
Jul 30, 2012
Sold by
Sanchez Karen Yvette
Bought by
Sanchez Oscar
Seller's Agent
Brittney Hernandez
Arizona Elite Properties
Buyer's Agent
Eidan Azuly
Arizona Elite Properties
List Price
$110,000
Sold Price
$50,000
Premium/Discount to List
-$60,000
-54.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.40%
Purchase Details
Listed on
Dec 20, 2011
Closed on
Jul 27, 2012
Sold by
Agmk Consulting Llc
Bought by
Sanchez Oscar
Seller's Agent
Brittney Hernandez
Arizona Elite Properties
Buyer's Agent
Eidan Azuly
Arizona Elite Properties
List Price
$110,000
Sold Price
$50,000
Premium/Discount to List
-$60,000
-54.55%
Purchase Details
Closed on
Aug 31, 2010
Sold by
Paying Cash For Houses Com Llc
Bought by
Agmk Consulting Llc
Purchase Details
Closed on
Jun 14, 2010
Sold by
Pineda Rick
Bought by
Paying Cash 4 Houses Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,250
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 6, 2005
Sold by
Erp Properties Llc
Bought by
Pineda Rick
Purchase Details
Closed on
May 13, 2005
Sold by
Pineda Rick
Bought by
Erp Properties Llc
Purchase Details
Closed on
Apr 13, 2004
Sold by
Wilson Ricky F and Wilson Sharon K
Bought by
Pineda Rick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 27, 2003
Sold by
Wilson Ricky F and Wilson Sharon
Bought by
Agape Real Estate Solutions Lp
Purchase Details
Closed on
Aug 9, 2000
Sold by
Payne Fred J and Payne Janet
Bought by
Wilson Ricky F and Wilson Sharon K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,700
Interest Rate
8.07%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Danovich Sam | $525,000 | Dhi Title Agency | |
| Sam Danovich Properties Llc | -- | None Available | |
| Klg Investments Llc | $252,000 | Dhi Title Agency | |
| Sanchez Oscar | -- | Boston National Title Llc | |
| Sanchez Oscar | -- | Lawyers Title Of Arizona Inc | |
| Sanchez Oscar | $50,000 | Lawyers Title Of Arizona Inc | |
| Agmk Consulting Llc | $83,000 | Magnus Title Agency | |
| Paying Cash 4 Houses Llc | $70,000 | None Available | |
| Pineda Rick | $205,000 | Security Title Agency Inc | |
| Erp Properties Llc | -- | -- | |
| Pineda Rick | $165,000 | Westland Title Agency Of Az | |
| Agape Real Estate Solutions Lp | -- | -- | |
| Wilson Ricky F | $84,000 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Danovich Sam | $393,750 | |
| Previous Owner | Klg Investments Llc | $285,000 | |
| Previous Owner | Sanchez Oscar | $137,900 | |
| Previous Owner | Paying Cash 4 Houses Llc | $49,250 | |
| Previous Owner | Pineda Rick | $148,400 | |
| Previous Owner | Wilson Ricky F | $74,700 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/06/2021 04/06/21 | Sold | $525,000 | 0.0% | $208 / Sq Ft | |
| 02/24/2021 02/24/21 | Pending | -- | -- | -- | |
| 02/22/2021 02/22/21 | For Sale | $525,000 | +108.3% | $208 / Sq Ft | |
| 05/15/2020 05/15/20 | Sold | $252,000 | -10.6% | $100 / Sq Ft | View Prior Sale |
| 04/14/2020 04/14/20 | Pending | -- | -- | -- | |
| 03/27/2020 03/27/20 | For Sale | $282,000 | +464.0% | $112 / Sq Ft | |
| 08/01/2012 08/01/12 | Sold | $50,000 | -54.5% | $79 / Sq Ft | View Prior Sale |
| 07/18/2012 07/18/12 | Pending | -- | -- | -- | |
| 12/20/2011 12/20/11 | For Sale | $110,000 | -- | $175 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $943 | $7,543 | -- | -- |
| 2024 | $905 | $7,183 | -- | -- |
| 2023 | $905 | $33,100 | $6,620 | $26,480 |
| 2022 | $868 | $22,310 | $4,460 | $17,850 |
| 2021 | $919 | $19,300 | $3,860 | $15,440 |
| 2020 | $888 | $16,350 | $3,270 | $13,080 |
| 2019 | $878 | $14,010 | $2,800 | $11,210 |
| 2018 | $861 | $11,260 | $2,250 | $9,010 |
| 2017 | $828 | $10,810 | $2,160 | $8,650 |
| 2016 | $839 | $8,350 | $1,670 | $6,680 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Grayson
-
Corey Condit
Buyer's Agent in 2021
Corey Condit
eXp Realty
(480) 720-7649
1 in this area
16 Total Sales
-
James Stephens
J
Seller's Agent in 2020
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
50 Total Sales
-
Brittney Hernandez
Seller's Agent in 2012
Brittney Hernandez
Arizona Elite Properties
(480) 703-4580
41 Total Sales
-
Eidan Azuly
E
Seller Co-Listing Agent in 2012
Eidan Azuly
Arizona Elite Properties
(480) 363-3086
19 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6197651
APN: 109-40-100K
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.
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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