NOT LISTED FOR SALE

Estimated Value: $749,000 - $842,000

-- Bed
5 Baths
-- Sq Ft
7,536 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $805,000

Est. 3% decrease in value since last sale

Current estimated payment $4,452/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Heating Available
  • Cooling Available
  • Ceiling Fan

About This Home

As of June 2024

Welcome to a rarity in the market these days! A well maintained and appointed 4-plex within the Northern Lanai community. A mixture of one 3 bed 2 bath unit and 3 2 bed 1 bath units. Coin operated laundry creates additional revenue opportunity. Many upgrades throughout and priced attractively for an investment opportunity.

Last Agent to Sell the Property

Matthew Potter

Real Broker License #SA647555000 Listed on: 05/17/2024

Real Broker

Co-Listed By

Nicole Allen

Real Broker License #SA586945000

Last Buyer's Agent

Lisa Harris

Jason Mitchell Real Estate License #SA680217000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,144

Year Built

  • Built in 1974

Lot Details

  • 7,536

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • On-Street Parking

Schools

  • Alta Vista Elementary School
  • Palo Verde Middle School
  • Cortez High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 150-09-874

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7542
  • Northern Lanai Unit 1 Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $3,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,144

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave & Northern
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2023
  • Directions: East to 33rd Ave, North on 33rd Ave, West on Loma Ln, 2nd property on the left.
  • Road Surface Type: Concrete, Sidewalk(s)
  • Co List Office Mls Id: realbr001
  • Co List Office Phone: 602-755-3415
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde School

Lot Info

  • Lot Size: 7542
  • Additional Parcels: No
  • Parcel #: 150-09-874

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 3704.0

Tax Info

  • Tax Annual Amount: 2144.0
  • Tax Book Number: 150.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 21, 2024
Sold by
3307 Loma Llc
Bought by
Stuart Kurt and Trickett-Stuart Sarah
Seller's Agent
Matthew Potter
Real Broker
Buyer's Agent
Lisa Harris
Jason Mitchell Real Estate
List Price
$775,000
Sold Price
$805,000
Premium/Discount to List
$30,000
3.87%
Views
1
Current Estimated Value
$783,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,271
Avg. Annual Appreciation
-0.53%
Original Mortgage
$603,750
Outstanding Balance
$599,270
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$200,766

Purchase Details

Closed on
Aug 2, 2013
Sold by
Werner Matthew I and Howard Virginia M
Bought by
3307 Loma Lllc

Purchase Details

Closed on
Feb 28, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Werner Matthew and Howard Virginia

Purchase Details

Closed on
Feb 17, 2009
Sold by
Medina Consuelo
Bought by
Deutsche Bank National Trust Company and Bcap Llc Trust

Purchase Details

Closed on
Dec 1, 2006
Sold by
Olvera Javier
Bought by
Medina Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2006
Sold by
Mcgill John J and Mcgill Valerie L
Bought by
Medina Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2005
Sold by
K Muller Property #1 Llc
Bought by
Mcgill John J and Mcgill Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2004
Sold by
Muller Karen M
Bought by
K Muller Property #One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2004
Sold by
Orz Ionel and Orz Heronima
Bought by
Muller Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2000
Sold by
Schmitt Thomas G and Schmitt Susan M
Bought by
Orz Ionel and Orz Heronima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
8.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 1996
Sold by
Reuna Robert and Reuna Linda
Bought by
Schmitt Thomas G and Schmitt Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Stuart Kurt $805,000 Great American Title Agency
3307 Loma Lllc -- None Available
Werner Matthew $122,500 First American Title Ins Co
Deutsche Bank National Trust Company $136,000 First American Title
Medina Consuelo -- The Talon Group Gilbert
Medina Consuelo $375,000 The Talon Group Gilbert
Mcgill John J $350,000 Tsa Title Agency
K Muller Property #One Llc -- Multiple
Muller Karen M -- Fidelity National Title
Muller Karen M $275,000 Fidelity National Title
Orz Ionel $205,000 Chicago Title Insurance Co
Schmitt Thomas G $135,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stuart Kurt $603,750
Previous Owner Medina Consuelo $300,000
Previous Owner Medina Consuelo $300,000
Previous Owner Mcgill John J $280,000
Previous Owner Muller Karen M $220,000
Previous Owner Muller Karen M $220,000
Previous Owner Orz Ionel $164,000
Previous Owner Schmitt Thomas G $99,000
Closed Mcgill John J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $805,000 +3.9% --
05/21/2024 05/21/24 For Sale $775,000 -- --
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 $2,183 $17,852 -- --
2024 $2,144 $17,002 -- --
2023 $2,144 $42,220 $8,440 $33,780
2022 $2,074 $30,530 $6,100 $24,430
2021 $2,101 $28,760 $5,750 $23,010
2020 $2,048 $27,370 $5,470 $21,900
2019 $2,011 $22,850 $4,570 $18,280
2018 $1,958 $20,810 $4,160 $16,650
2017 $1,948 $18,080 $3,610 $14,470
2016 $1,913 $16,110 $3,220 $12,890
2015 $1,771 $16,220 $3,240 $12,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6708373

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-874