NOT LISTED FOR SALE

3235 E Randolph Rd Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $508,060 - $899,000

17 Beds
5 Baths
2,620 Sq Ft
$274/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $306,000 $117 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,935/month

368 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2019

BACK ON MARKET! Buyer Failed To Qualify. Fantastic Opportunity for AS-IS or Development on this Occupied 4 Unit Property with an opportunity add 2 more units to make it a 6-plex, Commercial financing or Cash Only. Over 1/2 Acre on the corner. 3 Units are 2 BR, 1 BA. One Unit is 4 BR, 1 BA. The other 2 potential units, currently being used for storage, can be converted to One BR Units. Occupied units are on month-to-month leases .This property is zoned R-5 and with 0.53 acres, use your imagination on what you could build here! Add On or.....The possibilities are endless for a great income property! CAP right now is about 7% with only 4 units. Hurry on this one!

Last Agent to Sell the Property

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 01/15/2018

Coldwell Banker Realty

Last Buyer's Agent

Lynda Rahi

Distinctive Real Estate Ventur License #BR509702000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,273

Year Built

  • Built in 1969

Lot Details

  • 0.53

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 121-17-042-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 23254
  • Torre Blanca Subdivision

Building Details

  • Operating Expense $6,513
  • Gross Income $28,860
  • Net Operating Income $22,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,273

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Loop 202
  • Property Type: Multiple Dwellings
  • Zoning: R-5/M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2017
  • Directions: South on 32ND ST from 202 to Randolph and turn East to the corner of 32ND PLACE and Randolph. On The South East Corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: Torre Blanca
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3240.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 23254
  • Additional Parcels: No
  • Parcel #: 121-17-042-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 6
  • Annual Gross Income: 28860.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 22347.0
  • Annual Operating Expense: 6513.0

Tax Info

  • Tax Annual Amount: 1273.0
  • Tax Book Number: 121.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2018
Closed on
Feb 11, 2019
Sold by
Rich Acquisitions Llc
Bought by
Duromax Llc
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Lynda Rahi
Distinctive Real Estate Ventur
List Price
$325,000
Sold Price
$306,000
Premium/Discount to List
-$19,000
-5.85%
Current Estimated Value
$718,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,765
Avg. Annual Appreciation
13.88%
Original Mortgage
$340,000
Interest Rate
4.4%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 30, 2009
Sold by
Ledezma Adan and Ledezma Francisca
Bought by
Rich Acquisitions Llc

Purchase Details

Closed on
Apr 17, 2009
Sold by
Ledezma Adan and Ledezma Francisca
Bought by
Ledezma Adan and Ledezma Francisca

Purchase Details

Closed on
Oct 10, 2005
Sold by
Velasquez Jesus
Bought by
Ledezma Miguel and Ledezma Dora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2000
Sold by
Carr Joel C and Carr Pat R
Bought by
Velazquez Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.71%
Mortgage Type
Seller Take Back
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
Duromax Llc $306,000 Pioneer Title Agency Inc
Rich Acquisitions Llc $250,000 None Available
Ledezma Adan -- None Available
Ledezma Miguel $265,000 Chicago Title Insurance Co
Velazquez Jesus $175,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duromax Llc $340,000
Previous Owner Ledezma Miguel $137,500
Previous Owner Velazquez Jesus $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2019 03/04/19 Sold $306,000 -4.1% $117 / Sq Ft
03/20/2018 03/20/18 Price Changed $319,000 -1.8% $122 / Sq Ft
01/15/2018 01/15/18 For Sale $325,000 -- $124 / 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 $1,487 $12,379 -- --
2024 $1,473 $11,789 -- --
2023 $1,473 $56,320 $11,260 $45,060
2022 $1,420 $41,220 $8,240 $32,980
2021 $1,443 $34,560 $6,910 $27,650
2020 $1,417 $29,470 $5,890 $23,580
2019 $1,411 $22,290 $4,458 $17,832
2018 $1,329 $27,130 $5,430 $21,700
2017 $1,273 $20,020 $4,000 $16,020
2016 $3,313 $23,610 $5,860 $17,750
2015 $3,110 $21,460 $6,030 $15,430
Source: Public Records

Agents Affiliated with this Home

  • Tom 'BIG T' Ross

    Seller's Agent in 2019

    Tom 'BIG T' Ross

    Coldwell Banker Realty

    (602) 368-1904

    1 in this area

    70 Total Sales

    Tom 'BIG T' Ross
    Section Image
  • Lynda Rahi

    Buyer's Agent in 2019

    Lynda Rahi

    Distinctive Real Estate Ventur

    (623) 221-3402

    8 in this area

    17 Total Sales

    Lynda Rahi
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5709375

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-17-042A

Arizona Maricopa County Phoenix 85008 Central City

3235 E Randolph Rd, Phoenix, AZ

This home is located at 3235 E Randolph Rd, Phoenix, AZ 85008 since 15 January 2018 and is currently estimated at $718,765, approximately $274 per square foot. This property was built in 1969. 3235 E Randolph Rd is a home located in Maricopa County with nearby schools including David Crockett School, Camelback High School, and Phoenix Coding Academy.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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