NOT LISTED FOR SALE

Estimated Value: $583,000 - $637,000

7 Beds
-- Bath
2,520 Sq Ft
$238/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $520,000 $206 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,262/month

19 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2021

CALLING ALL INVESTORS!! INVESTMENT OPPORTUNITY. Fourplex with built in coin laundry! Three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Photos taken prior to occupancy. Coin laundry features 2 coin operated washing machines and 2 coin operated dryers. All tile floors and evap cooling. Tenants pay for electricity. Owner pays for water (which includes the sewer and trash service). All 4 units are rented out with per unit rents between $650 - $850. Please do not disrupt the tenants. Please do not disturb tenants. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Ophelia Mougel

West USA Realty License #SA532063000 Listed on: 09/15/2021

Last Buyer's Agent

Lauren Vargas

Charles Edward Realty License #BR653496000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $919

Year Built

  • Built in 1985

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 4
  • Assessor Parcel Number 109-40-100-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8010
  • Wormsers Addition Block 4 Subdivision

Building Details

  • Operating Expense $919

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$919

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 35th Ave and Van Buren St
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: WORMSERS ADDITION BLOCK 4
  • Tax Parcel Letter: G
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, On Street
  • 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:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8010
  • Additional Parcels: No
  • Parcel #: 109-40-100-G

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 919.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 919.0
  • Tax Block: 4
  • Tax Book Number: 109.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
3232 Jackson 4 Llc
Bought by
Investments Vargas Llc
Current Estimated Value
$599,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,887,900
Outstanding Balance
$1,807,360
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
-$1,207,526

Purchase Details

Listed on
Sep 15, 2021
Closed on
Oct 25, 2021
Sold by
Tmg Real Estate Llc
Bought by
Lovet Or Leave It Llc
Seller's Agent
Ophelia Mougel
West USA Realty
Buyer's Agent
Lauren Vargas
Charles Edward Realty
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Original Mortgage
$483,600
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
May 11, 2017
Closed on
Sep 25, 2017
Sold by
Immo Global Llc
Bought by
Pocus1 Llc
Seller's Agent
Todd Kenney
West USA Realty
Buyer's Agent
Ophelia Mougel
Howe Realty
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.10%

Purchase Details

Closed on
May 3, 2010
Sold by
Value Development Llc
Bought by
D & L Development Llc

Purchase Details

Closed on
Mar 31, 2010
Sold by
Cebe Habersky Jack and Cebe Habersky Allene
Bought by
Value Development Llc

Purchase Details

Closed on
Sep 8, 2000
Sold by
Payne Fred J and Payne Janet R
Bought by
Cebe Habersky Jr Jack and Cebe Habersky Allene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,250
Interest Rate
8.11%
Mortgage Type
New Conventional
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
Investments Vargas Llc -- American Title Services
Lovet Or Leave It Llc $520,000 American Title Svc Agcy Llc
Tmg Real Estate Llc $420,000 American Title Svc Agcy Llc
Pocus1 Llc $320,000 Security Title Agency Inc
D & L Development Llc -- None Available
Value Development Llc $47,000 Chicago Title
Cebe Habersky Jr Jack $83,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Investments Vargas Llc $1,887,900
Previous Owner Lovet Or Leave It Llc $483,600
Previous Owner Cebe Habersky Jr Jack $62,250
Closed Cebe Habersky Jr Jack $12,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2021 10/25/21 Sold $520,000 -1.0% $206 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $525,000 0.0% $208 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $525,000 +162.5% $208 / Sq Ft
09/14/2017 09/14/17 Sold $200,000 -9.1% $79 / Sq Ft View Prior Sale
09/07/2017 09/07/17 Price Changed $220,000 0.0% $87 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $220,000 -- $87 / 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 $952 $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
2015 $782 $7,260 $1,450 $5,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6293782

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-40-100G