NOT LISTED FOR SALE

Estimated Value: $1,063,615 - $1,086,000

-- Bed
-- Bath
2,144 Sq Ft
$501/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $485,000 $226 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $5,792/month

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Tavan Elementary School Rated A
  • Ceiling Fan

About This Home

As of May 2019

Located right outside the popular Arcadia District with easy access to downtown Scottsdale and the surrounding areas. This fourplex is fully rented with minimal maintenance and operating costs. As it sits rents are ripe to be increased and it generates 25 to 30k of investment income as it sits. Rents need to be raised to market which can easily done, Units are tile throughout with laminate countertops, and seasoned tenants. Great Investment Opportunity!!!

Last Agent to Sell the Property

Jim Powers

CR Property Services, Inc License #BR649776000 Listed on: 02/28/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,077

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Schools

  • Tavan Elementary School
  • Ingleside Middle School
  • Arcadia High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 32
  • Assessor Parcel Number 130-47-036

Community Details

Overview

  • 4 Units
  • Building Dimensions are 72/106
  • Imperial Manor Subdivision

Building Details

  • Operating Expense $7,798
  • Net Operating Income $25,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,077

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 64th St. and Indian School
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: [R-5]
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2018
  • Directions: AZ-51 S: Take exit 3, Indian School Road and turn left. Turn Right onto N. 64th Street. Cont on E Osborn to N. 66th St. Turn Left onto Osborn Turn Right on 66th Street, property will be on the right.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 1500.0
  • Subdivision Name: IMPERIAL MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features Free2: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Tavan Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 72/106
  • Additional Parcels: Yes
  • Parcel #: 130-47-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Insurance Expense: 871.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 25500.0
  • Annual Operating Expense: 7798.0

Tax Info

  • Tax Annual Amount: 1077.0
  • Tax Book Number: 130.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2024
Sold by
Gutierrez Guillermo
Bought by
Mago Properties Llc
Current Estimated Value
$1,074,154

Purchase Details

Closed on
Aug 22, 2024
Sold by
Beniamen Thomas and Beniamen Benjamin Amgad
Bought by
Gutierrez Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,026,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2020
Sold by
Raghuvir Harsh and Hui Kim Catherine
Bought by
Benjamin Amgad and Benjamin Maggie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 30, 2019
Sold by
Vistar Property Llc
Bought by
Raghuvir Harsh and Kim Catherine Tae Hui
Seller's Agent
Jim Powers
CR Property Services, Inc
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%
Original Mortgage
$363,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2012
Sold by
Realprops Llc
Bought by
Vistar Property Llc

Purchase Details

Closed on
Oct 1, 2010
Sold by
Wells Fargo Bank Na
Bought by
Realprops Llc

Purchase Details

Closed on
May 28, 2010
Sold by
Eshaghian Iradj
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 26, 2004
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
$23,750
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 19, 2004
Sold by
Davoodi Masood and Davoodi Mary Ellen
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
$23,750
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 31, 1998
Sold by
Rothstein Eugene L and Rothstein Roberta A
Bought by
Davoodi Masood and Davoodi Mary Ellen

Purchase Details

Closed on
Jun 15, 1971
Sold by
Poole Arnold E and Poole Ethel M
Bought by
Pgs Enterprises
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Mago Properties Llc -- None Listed On Document
Gutierrez Guillermo $1,080,000 Great American Title Agency
Benjamin Amgad $695,000 American Title Svc Agcy Llc
Raghuvir Harsh $485,000 Commonwealth Land Ttl Ins Co
Vistar Property Llc $180,000 First Arizona Title Agency
Realprops Llc $90,000 Pioneer Title Agency Inc
Wells Fargo Bank Na $104,212 Accommodation
Eshaghian Iradj -- Title Partners Of Phoenix Ll
Eshaghian Iradj $237,500 Title Partners Of Phoenix Ll
Davoodi Masood $430,000 Security Title Agency
Pgs Enterprises -- American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Guillermo $1,026,000
Previous Owner Benjamin Amgad $521,250
Previous Owner Raghuvir Harsh $363,750
Previous Owner Eshaghian Iradj $23,750
Previous Owner Eshaghian Iradj $190,000
Previous Owner Eshaghian Iradj $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $485,000 0.0% $226 / Sq Ft
02/28/2019 02/28/19 For Sale $485,000 -- $226 / 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 $1,164 $16,757 -- --
2024 $1,154 $15,959 -- --
2023 $1,154 $61,220 $12,240 $48,980
2022 $1,089 $42,100 $8,420 $33,680
2021 $1,158 $36,350 $7,270 $29,080
2020 $1,148 $30,080 $6,010 $24,070
2019 $1,117 $22,520 $4,500 $18,020
2018 $1,077 $21,200 $4,240 $16,960
2017 $1,035 $24,230 $4,840 $19,390
2016 $1,017 $18,320 $3,660 $14,660
2015 $967 $14,770 $2,950 $11,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5895314

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-036