NOT LISTED FOR SALE

Estimated Value: $710,000 - $1,172,462

Studio
-- Bath
2,885 Sq Ft
$336/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $325,000 $113 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $5,200/month

1 Day on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Madison Richard Simis School Rated A-

About This Home

As of April 2015

DIFFICULT TO FIND INCREDIBLE INCOME PROPERTY LOCATED IN THE HEART OF NORTH CENTRAL..BOTH UNITS HAVE 3 BEDROOMS/2 BATHS, LOTS OF PARKING AND SHARE A HUGE YARD...35 ACRES(15,298 SQUARE FEET)..THERE IS ALSO THE POSSIBILTY OF TEARING DUPLEX DOWN AND BUILD A NEW HOME OR CONNECTING BOTH UNITS INTO ONE HOME..SOLD IN AS IS CONDITION..THERE ARE 2 ADDRESSES--326 AND 328..SELLER LIVES IN 328 AND HAS NEVER RENTED OUT 326

Last Agent to Sell the Property

Bobby Lieb

HomeSmart License #BR007861000 Listed on: 03/01/2015

HomeSmart

Last Buyer's Agent

Jasmine Hyatt

HomeSmart License #BR110652000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,665

Year Built

  • Built in 1948

Lot Details

  • 0.35

Home Design

  • Tile Roof
  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 11 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Madison Richard Simis Elementary School
  • Madison Meadows Middle School
  • Central High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 161-18-005-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • El Ranchito Subdivision

Building Details

  • Operating Expense $1,665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,665

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: BETHANY HOME/CENTRAL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-10
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: EL RANCHITO
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition, Tile, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Drapes2: Yes

Schools

  • Elementary School: Madison Richard Simis School
  • High School: Central High School
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 161-18-005-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: None
  • Number Of Units Total: 2
  • Annual Operating Expense: 1665.0

Tax Info

  • Tax Annual Amount: 1665.0
  • Tax Book Number: 161.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2015
Closed on
Mar 25, 2015
Sold by
Roberts Donald Frank and Roberts Kelly Roseann
Bought by
Hyatt Craig S and Hyatt Jasmine
Seller's Agent
Bobby Lieb
HomeSmart
Buyer's Agent
Jasmine Hyatt
HomeSmart
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$970,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,487
Avg. Annual Appreciation
10.73%
Original Mortgage
$319,113
Outstanding Balance
$243,866
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$726,621

Purchase Details

Closed on
May 10, 2014
Sold by
328 Rose Llc
Bought by
Roberts Donald Frank and Roberts Kelly Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2014
Sold by
Martin Mary Ann
Bought by
Wintermute Margaret R and Pittman Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2013
Sold by
Pittman Robin Earl
Bought by
Wintermute Margaret R and Pittman Peter J

Purchase Details

Closed on
Jun 17, 2013
Sold by
Pittman Victoria Lu
Bought by
Pittman Peter J

Purchase Details

Closed on
Jun 11, 2013
Sold by
Wintermute William Martin
Bought by
Wintermute Margaret R

Purchase Details

Closed on
Apr 20, 2009
Sold by
Pittman Peter J and Martin Mary Ann
Bought by
Wintermute Margaret R and Pittman Peter J
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
Hyatt Craig S $325,000 Chicago Title Agency Inc
Roberts Donald Frank $250,000 None Available
Wintermute Margaret R $62,500 None Available
Wintermute Margaret R $62,500 None Available
Pittman Peter J -- First American Title Ins Co
Martin Mary Ann -- First American Title Ins Co
Wintermute Margaret R -- First American Title Ins Co
Wintermute Margaret R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hyatt Craig S $319,113
Previous Owner Roberts Donald Frank $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $325,000 0.0% $113 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $325,000 -- $113 / 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 $1,562 $13,620 -- --
2024 $1,442 $12,971 -- --
2023 $1,442 $61,670 $12,330 $49,340
2022 $1,396 $42,970 $8,590 $34,380
2021 $1,424 $42,710 $8,540 $34,170
2020 $1,401 $37,530 $7,500 $30,030
2019 $1,369 $29,170 $5,830 $23,340
2018 $1,333 $25,210 $5,040 $20,170
2017 $1,266 $19,300 $3,860 $15,440
2016 $1,220 $16,780 $3,350 $13,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5243638

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-18-005A