Seller's Agent in 2019
Tom 'BIG T' Ross
Coldwell Banker Realty
(602) 368-1904
1 in this area
68 Total Sales
3235 E Randolph Rd Phoenix, AZ 85008
Central City NeighborhoodEstimated Value: $496,186 - $842,000
17
Beds
5
Baths
2,620
Sq Ft
$268/Sq Ft
Est. Value
Highlights
- Evaporated cooling system
- Concrete Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of March 2019BACK 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
Coldwell Banker Realty License #SA642903000 Listed on: 01/15/2018
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,547
Avg. Annual Appreciation
12.90%
Original Mortgage
$340,000
Outstanding Balance
$298,311
Interest Rate
4.4%
Mortgage Type
Stand Alone First
Estimated Equity
$403,236
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
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 |
|---|---|---|---|
| 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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $1,580 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Tom 'BIG T' Ross
-
Lynda Rahi
Buyer's Agent in 2019
Lynda Rahi
Distinctive Real Estate Ventur
(623) 221-3402
8 in this area
17 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5709375
APN: 121-17-042A
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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