NOT LISTED FOR SALE

Estimated Value: $339,000 - $618,000

Studio
1 Bath
1,012 Sq Ft
$520/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $682,000 $674 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,882/month

12 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

4 Units, 2 Buildings on One Parcel, Built in 1926 & Renovated in 2024. Garden Style Property With a Unit Mix That Consists of (3) 1-Bed / 1-Bath Units & (1) 2-Bed / 1-Bath Unit.Each Unit Features a Fully Upgraded Interior With White or Black Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliance Package, & In-Suite Washer / Dryer in Every Unit. Exterior Upgrades Include New Paint & Stucco, 3 New AC Units, & Private Backyard Areas for Each unit. Located in the Rapidly Growing Oakland Historic District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 09/20/2024

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Ari Jakobov

eXp Realty License #SA699624000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 1926

Lot Details

  • 8,712

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 111-24-017

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 8,700
  • Oakland Subdivision

Building Details

  • Operating Expense $1,453
  • Gross Income $35,366
  • Net Operating Income $47,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,453

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2023
  • Road Surface Type: Gravel
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • 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:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8,700
  • Additional Parcels: No
  • Parcel #: 111-24-017

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 35365.5
  • Property Net Operating Income: 47719.0
  • Annual Operating Expense: 1453.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1453.0
  • Tax Book Number: 111.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Nov 5, 2024
Sold by
Orange Door Equity Llc
Bought by
Trusheim Leon Niklas and Trusheim Miriam Yamileth
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Ari Jakobov
eXp Realty
List Price
$675,000
Sold Price
$682,000
Premium/Discount to List
$7,000
1.04%
Views
6
Current Estimated Value
$526,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$155,616
Avg. Annual Appreciation
-20.32%
Original Mortgage
$669,647
Outstanding Balance
$662,981
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
-$136,597

Purchase Details

Closed on
Sep 4, 2024
Sold by
Ff Equity Llc
Bought by
Orange Door Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2023
Closed on
Jan 23, 2024
Sold by
Aurum 2 Llc
Bought by
Ff Equity Llc
Seller's Agent
Victor Vidales
RE/MAX Desert Showcase
Buyer's Agent
Makayla Syverson
Catalyst Realty LLC
List Price
$493,000
Sold Price
$340,000
Premium/Discount to List
-$153,000
-31.03%
Views
213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.13%

Purchase Details

Closed on
Mar 14, 2019
Sold by
Ordonez Feliciano Herrera
Bought by
Ordonez Eddie C and Johnson Eloisa O

Purchase Details

Closed on
Jan 31, 2017
Sold by
Ordonez Feliciano H
Bought by
Ordonez Feliciano H and Ordonez Eddie C
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
Trusheim Leon Niklas $682,000 Navi Title Agency
Trusheim Leon Niklas $682,000 Navi Title Agency
Orange Door Equity Llc -- Standard Title
Ff Equity Llc $365,000 First American Title Insurance
Aurum 2 Llc $350,000 American Title Service Agency
Clear Horizon Properties Llc $340,000 American Title Service Agency
Ordonez Eddie C -- None Available
Ordonez Feliciano H -- None Available
Ordonez Feliciano H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trusheim Leon Niklas $669,647
Closed Trusheim Leon Niklas $669,647
Previous Owner Orange Door Equity Llc $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $682,000 +1.0% $674 / Sq Ft
09/20/2024 09/20/24 For Sale $675,000 +98.5% $667 / Sq Ft
01/23/2024 01/23/24 Sold $340,000 -19.0% $184 / Sq Ft View Prior Sale
01/01/2024 01/01/24 Pending -- -- --
12/29/2023 12/29/23 Price Changed $420,000 -6.5% $228 / Sq Ft
12/15/2023 12/15/23 Price Changed $449,000 -5.1% $243 / Sq Ft
12/03/2023 12/03/23 Price Changed $473,000 -4.1% $256 / Sq Ft
11/22/2023 11/22/23 For Sale $493,000 -- $267 / 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 $1,564 $12,370 -- --
2024 $1,453 $11,781 -- --
2023 $1,453 $30,620 $6,120 $24,500
2022 $1,397 $24,250 $4,850 $19,400
2021 $1,398 $21,160 $4,230 $16,930
2020 $1,418 $17,710 $3,540 $14,170
2019 $1,418 $12,820 $2,560 $10,260
2018 $266 $9,560 $1,910 $7,650
2017 $256 $6,720 $1,340 $5,380
2016 -- $5,810 $1,160 $4,650
2015 -- $5,450 $1,090 $4,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6760282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-24-017