NOT LISTED FOR SALE

Estimated Value: $537,156

Studio
-- Bath
2,713 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 15, 2013

Last sale price $220,000 $81 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $3,110/month

49 Days on Market

Highlights

  • 0.45 Acre Lot
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of May 2013

** Opportunity to purchase cash flowing C3 property with stong traffic counts and frontage on Van Buren ** Please drive by only and make offers subject to inspections, any questions contact the listing agent ** Owner financing with $75,000.00 down payment (3 year call, interest depends on qualifying).

Last Agent to Sell the Property

Rick Padelford

Realty Executives Arizona Territory License #SA030962000 Listed on: 02/19/2013

Realty Executives Arizona Territory

Last Buyer's Agent

Bruce Swartz

HomeSmart License #SA026311000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,722

Year Built

  • Built in 1944

Lot Details

  • 0.45 Acre Lot
  • Property is zoned C3

Home Design

  • Block Exterior

Interior Spaces

  • 2,713 Sq Ft Home
  • Concrete Flooring

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 109-37-009

Community Details

Overview

  • 2 Buildings
  • Wormers Addition Subdivision

Building Details

  • Gross Income $27,360
  • Net Operating Income $23,878

Property Details

Property Type

Other

Est. Annual Taxes

$3,722

Year Built

Built in 1944

Lot Details

0.45 Acres

Listing Details

  • Cross Street: Van Buren and 35th Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2012
  • Lot Size Acres: 0.45
  • Road Surface Type: Dedicated Street, Sidewalk(s)
  • Subdivision Name: Wormers Addition
  • Structure Type: Other (See Remarks), Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 2713.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 19796.0
  • Parcel #: 109-37-009

Multi Family

  • Annual Gross Income: 27360.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 23878.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3722.0
  • Tax Book Number: 109.00
  • Tax Lot: 4
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2013
Closed on
May 1, 2013
Sold by
Olvera Raymundo
Bought by
Olvera Raymundo and Olvera Alma
Seller's Agent
Rick Padelford
Realty Executives Arizona Territory
Buyer's Agent
Bruce Swartz
HomeSmart
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Current Estimated Value
$537,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,156
Avg. Annual Appreciation
7.19%
Original Mortgage
$150,000
Outstanding Balance
$106,577
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$430,579

Purchase Details

Listed on
Feb 19, 2013
Closed on
Apr 26, 2013
Sold by
Resnik Ruben and Resnik Cathy
Bought by
Olvera Raymundo
Seller's Agent
Rick Padelford
Realty Executives Arizona Territory
Buyer's Agent
Bruce Swartz
HomeSmart
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$106,577
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$430,579

Purchase Details

Closed on
Aug 18, 2010
Sold by
Nall William J and Nall Carol A
Bought by
Resnik Ruben and Resnik Cathy

Purchase Details

Closed on
Jul 29, 2008
Sold by
More Desert Winds Llc
Bought by
Nall William J and Nall Carol A

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
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2005
Sold by
Nall William J and Nall Carol A
Bought by
Moer Desert Winds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 21, 1998
Sold by
Neithercutt William L and Neithercutt Hannelore H
Bought by
Nall William J and Nall Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.89%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Olvera Raymundo -- Pioneer Title Agency Inc
Olvera Raymundo -- Pioneer Title Agency Inc
Olvera Raymundo $220,000 Pioneer Title Agency Inc
Hisaka Ana L -- Pioneer Title Agency Inc
Fonseca Alberto -- Pioneer Title Agency Inc
Resnik Ruben $149,947 Lawyers Title Of Arizona Inc
Nall William J $135,000 Capital Title Agency Inc
Moer Desert Winds Llc $140,000 --
Nall William J $130,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olvera Raymundo $150,000
Closed Olvera Raymundo $150,000
Closed Fonseca Alberto $150,000
Previous Owner Nall William J $135,000
Previous Owner Moer Desert Winds Llc $25,000
Previous Owner Nall William J $110,000
Closed Moer Desert Winds Llc $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2013 05/15/13 Sold $220,000 -2.2% $81 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $225,000 -- $83 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,781 $30,232 -- --
2024 $3,854 $29,692 -- --
2023 $3,854 $68,459 $53,074 $15,385
2022 $3,805 $41,248 $27,160 $14,088
2021 $4,145 $42,066 $27,936 $14,130
2020 $4,006 $35,478 $21,492 $13,986
2019 $3,962 $27,144 $13,716 $13,428
2018 $3,881 $26,604 $13,716 $12,888
2017 $3,731 $25,740 $14,274 $11,466
2016 $3,785 $23,670 $13,338 $10,332
2015 $3,626 $21,461 $13,376 $8,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4892579

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-37-009

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