NOT LISTED FOR SALE

Estimated Value: $324,000 - $484,000

Studio
-- Bath
976 Sq Ft
$407/Sq Ft Est. Value

Last Sold July 06, 2015

Last sale price $170,000 $174 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,133/month

14 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2015

Great in-fill location close to employment, transportation, shopping and services. Tenants in place, so cash flow is immediate. Vacant adjacent land zoned R-3 creates opportunity for 2-4 additional units for enhanced investment potential. Well maintained units with fresh paint, tile floors and newer roof mounted heat-pumps. Do not disturb tenants. Drive-by only.

Last Agent to Sell the Property

Andrea Peter

HomeSmart License #SA566815000 Listed on: 06/22/2015

HomeSmart

Co-Listed By

Steven Skarphol

HomeSmart License #BR019829000

Last Buyer's Agent

Jason Poyner

Phoenix Property Group License #BR543102000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $593

Year Built

  • Built in 1945

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Stucco
  • Adobe

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for sewer, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 119-32-133

Community Details

Overview

  • 2 Units
  • Building Dimensions are 121x98

Recreation

  • Community Playground

Building Details

  • Operating Expense $3,180
  • Gross Income $13,680
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$593

Year Built

Built in 1945

Lot Details

0.28 Acres

Listing Details

  • Cross Street: 18th Street-Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Year Built: 1945
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: cril14
  • Co List Office Phone: 480-839-3400
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Adobe
  • Roof: Composition
  • Construction:Adobe: Yes

Garage/Parking

  • Parking Features: Assigned
  • 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:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 840.0

Lot Info

  • Lot Size: 121x98
  • Additional Parcels: Yes
  • Parcel #: 119-32-133

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 13680.0
  • Insurance Expense: 494.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 12000.0
  • Annual Operating Expense: 3180.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 593.0
  • Tax Book Number: 119.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
3312 North 18Th Street Llc
Bought by
Jason Poyner Properties Llc
Current Estimated Value
$397,087

Purchase Details

Closed on
Mar 8, 2016
Sold by
Rosaire Janice A
Bought by
3312 North 18Th Street Llc

Purchase Details

Listed on
Jun 22, 2015
Closed on
Jun 9, 2015
Sold by
V & V Investment Llc
Bought by
Rosaire Janice A
Seller's Agent
Andrea Peter
HomeSmart
Buyer's Agent
Jason Poyner
Phoenix Property Group
List Price
$180,000
Sold Price
$170,000
Premium/Discount to List
-$10,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%
Original Mortgage
$121,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Wilk Vladimir and Wilk Velentina
Bought by
V & V Investments Llc

Purchase Details

Closed on
Sep 6, 2005
Sold by
Barham Herbert D and Barham Mary M
Bought by
Wilk Vladimir and Wilk Valentina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.63%
Mortgage Type
Seller Take Back
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
Jason Poyner Properties Llc $290,000 First American Title Ins Co
3312 North 18Th Street Llc -- None Available
Rosaire Janice A $170,000 First American Title Ins Co
V & V Investments Llc -- None Available
Wilk Vladimir $720,000 Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosaire Janice A $121,500
Previous Owner Wilk Vladimir $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2015 07/06/15 Sold $170,000 -5.6% $174 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $180,000 -- $184 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,062 $7,864 -- --
2024 $1,011 $7,490 -- --
2023 $1,011 $26,800 $5,360 $21,440
2022 $971 $21,120 $4,220 $16,900
2021 $995 $18,970 $3,790 $15,180
2020 $970 $15,570 $3,110 $12,460
2019 $963 $13,100 $2,620 $10,480
2018 $944 $10,210 $2,040 $8,170
2017 $907 $9,380 $1,870 $7,510
2016 $872 $7,120 $1,420 $5,700
2015 $811 $6,320 $1,260 $5,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5273610

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-32-133

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