NOT LISTED FOR SALE

Estimated Value: $427,000 - $623,679

1 Bed
3 Baths
1,250 Sq Ft
$421/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2017

Last sale price $152,000 $122 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $2,968 / mo

82 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2017

Investors- great opportunity to own this stand alone 2 BR home + 2 one BR units in a great area of similar properties with easy access to downtown, schools, bus lines & I-17!

Last Agent to Sell the Property

Nancy McLean

Berkshire Hathaway HomeServices Arizona Properties License #BR005020000 Listed on: 03/16/2017

Last Buyer's Agent

Phillip Geretti

Highland Real Estate License #BR046673000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1969

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking

Schools

  • Capitol Elementary School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 111-26-033

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6754
  • Capitola Place Subdivision

Building Details

  • Operating Expense $5,712
  • Gross Income $15,525
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$762

Year Built

Built in 1969

Lot Details

6,752 Sq Ft Lot

Listing Details

  • Cross Street: 16th Avenue & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: Capitola Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 800.0

Schools

  • Elementary School: Capitol Elementary School
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 6754
  • Additional Parcels: No
  • Parcel #: 111-26-033

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 15525.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 12600.0
  • Annual Operating Expense: 5712.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 762.0
  • Tax Book Number: 111.00
  • Tax Lot: 35

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 6, 2017
Sold by
Bought by
Seller's Agent
Nancy McLean
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Phillip Geretti
Highland Real Estate
List Price
$185,000
Sold Price
$152,000
Premium/Discount to List
-$33,000
-17.84%
Current Estimated Value
$526,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,670
Avg. Annual Appreciation
14.70%
Original Mortgage
$121,600
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
0.0137%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2001
Sold by
Bought by

Purchase Details

Closed on
May 5, 1998
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$152,000 Wfg National Title Insurance
$45,100 None Available
$190,000 Security Title Agency Inc
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $121,600
Previous Owner $141,200
Previous Owner $133,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $152,000 -10.1% $122 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/15/2017 05/15/17 Price Changed $169,000 -8.6% $135 / Sq Ft
03/15/2017 03/15/17 For Sale $185,000 -- $148 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $907 $6,384
2024 $845 $6,080
2023 $845 $35,520 $7,100 $28,420
2022 $815 $25,070 $5,010 $20,060
2021 $809 $21,410 $4,280 $17,130
2020 $819 $20,230 $4,040 $16,190
2019 $817 $16,980 $3,390 $13,590
2018 $803 $12,860 $2,570 $10,290
2017 $785 $12,050 $2,410 $9,640
2016 $762 $10,850 $2,170 $8,680
2015 $705 $7,070 $1,410 $5,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5576131

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-033

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