NOT LISTED FOR SALE

325 E Purdue Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $562,000 - $629,000

-- Bed
3 Baths
750 Sq Ft
$794/Sq Ft Est. Value

Last Sold February 20, 2015

Last sale price $220,000 $293 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $3,171/month

11 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of February 2015

Wow!!! Seller is motivated!!! Seller will carry!!!Over a 10 cap!!! Fully rented all 2 bedroom 1 bath units. All have tile flooring and newer ac units as well. Bring your offers this one will go quickly. Must by both 323 Purdue. Drive by only. All facts and figures are approximate buyer verify MLS info.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 01/02/2015

Co-Listed By

Rhonda Nikole Green

Barrett Real Estate License #SA644903000

Last Buyer's Agent

Sophia Baron

Grace CRE License #BR648866000 Listed on: 01/02/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 1987

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 1
  • Assessor Parcel Number 159-45-063-A

Community Details

Overview

  • 6 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $10,280
  • Gross Income $34,200
  • Net Operating Income $23,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,080

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: 7th St. /Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Resi
  • Number Of Buildings: 1
  • Year Built: 1987
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 4320.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 159-45-063-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 300.0
  • Annual Gross Income: 34200.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 23000.0
  • Annual Operating Expense: 10280.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1080.0
  • Tax Book Number: 159.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2020
Sold by
Frabl Mark R and Frabl Linda M
Bought by
Frabl Mark R and Frabl Linda M
Current Estimated Value
$595,500

Purchase Details

Closed on
Nov 25, 2019
Sold by
Frabl Mark R and The Frabl Family Revocable Tru
Bought by
Frabl Mark R and Frabl Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$145,471
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$450,029

Purchase Details

Listed on
Jan 2, 2015
Closed on
Feb 25, 2015
Sold by
Frabl Linda and Frabl Mark
Bought by
Frabl Mark
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$74,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2009
Sold by
Mcneil Martha
Bought by
Mcneil Real Estate Group Llc

Purchase Details

Closed on
Sep 30, 2009
Sold by
Mcneil Errol Rex
Bought by
Mcneil Martha

Purchase Details

Closed on
Sep 17, 2009
Sold by
The Bank Of New York Mellon
Bought by
Mcneil Martha

Purchase Details

Closed on
May 28, 2009
Sold by
Burney Barbara
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Sep 29, 2005
Sold by
Burney Barbara
Bought by
Burney James D and Burney Barbara L

Purchase Details

Closed on
Jan 14, 2004
Sold by
Simon Jay R and Simon Carole J
Bought by
Ont Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 8, 1994
Sold by
Ruffin Robert R and Ruffin Catherine E
Bought by
Tenda L C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Frabl Mark R -- None Available
Frabl Mark R -- Title365
Frabl Mark -- First Arizona Title Agency
Frabl Mark $107,000 First Arizona Title Agency
Mcneil Real Estate Group Llc -- None Available
Mcneil Martha -- First American Title Ins Co
Mcneil Martha $29,000 First American Title Ins Co
The Bank Of New York Mellon $136,000 Accommodation
Burney James D -- First American Title
Burney Barbara -- First Valley Title Agency Ll
Burney Barbara $215,000 First Valley Title Agency Ll
Ont Llc $284,200 Tsa Title Agency
Tenda L C $125,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frabl Mark R $165,000
Closed Frabl Mark $74,900
Previous Owner Ont Llc $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $220,000 -4.3% $293 / Sq Ft
01/12/2015 01/12/15 Pending -- -- --
01/01/2015 01/01/15 For Sale $230,000 -- $307 / 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 $613 $4,827 -- --
2024 $580 $4,598 -- --
2023 $580 $31,400 $6,280 $25,120
2022 $561 $20,680 $4,130 $16,550
2021 $568 $16,530 $3,300 $13,230
2020 $554 $14,230 $2,840 $11,390
2019 $544 $10,360 $2,070 $8,290
2018 $529 $8,270 $1,650 $6,620
2017 $527 $8,350 $1,670 $6,680
2016 $517 $7,960 $1,590 $6,370
2015 $479 $6,220 $1,240 $4,980
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    77 Total Sales

    Sophia Baron
    Section Image

  • R

    Seller Co-Listing Agent in 2015

    Rhonda Nikole Green

    Barrett Real Estate

    (480) 415-6175

    2 Total Sales

    Rhonda Nikole Green
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5215606

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-45-063A

Arizona Maricopa County Phoenix 85020 North Central

325 E Purdue Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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