NOT LISTED FOR SALE

Estimated Value: $747,656 - $1,085,000

-- Bed
-- Bath
2,632 Sq Ft
$369/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $469,000 $178 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,476/month

72 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Tavan Elementary School Rated A

About This Home

As of February 2019

Great investment property in Scottsdale! Great location! Never a vacancy, owner has maintained this property very very well! Purchased in 2010...new A/C's, new roof and new water heaters in 2010. Fresh paint. Onsite laundry, coin-operated (commercial washer almost new, $1,300). Minimum $200 per month income from laundry! The rents should be higher, no doubt...seller has a soft heart LOL. Drive by only, do not disturb tenants! Unit inspection upon successfully negotiated contract only.

Last Agent to Sell the Property

Curt Johnson

Compass License #SA572181000 Listed on: 11/28/2018

Compass

Last Buyer's Agent

Royce Munroe

Munroe Multifamily License #BR512795000

Munroe Multifamily

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,252

Year Built

  • Built in 1971

Lot Details

  • 8,799

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 130-47-135

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8804
  • Las Viviendas Subdivision

Building Details

  • Operating Expense $9,867
  • Gross Income $26,600
  • Net Operating Income $17,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,252

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 67th Street and Osborn Road
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2018
  • Directions: From Osborn and 67th ST, go south to fourplex on west side of street.
  • Road Surface Type: Concrete
  • Subdivision Name: LAS VIVIENDAS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 2292.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 8804
  • Additional Parcels: No
  • Parcel #: 130-47-135

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 891.0
  • Annual Gross Income: 26600.0
  • Insurance Expense: 1477.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 17812.0
  • Annual Operating Expense: 9867.0

Tax Info

  • Tax Annual Amount: 1252.0
  • Tax Book Number: 130.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2018
Closed on
Feb 25, 2019
Sold by
Benardino Debroah Sue
Bought by
Benardino John M
Seller's Agent
Curt Johnson
Compass
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$550,000
Sold Price
$469,000
Premium/Discount to List
-$81,000
-14.73%
Current Estimated Value
$970,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,664
Avg. Annual Appreciation
12.26%
Original Mortgage
$351,750
Outstanding Balance
$311,117
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$669,929

Purchase Details

Closed on
May 19, 2010
Sold by
Preis Matthew and Preis Wilhelmina
Bought by
Lld Rentals Coronado Llc

Purchase Details

Closed on
Jun 23, 2006
Sold by
418 Enterprises Llc
Bought by
Preis Matthew and Preis Wilhelmina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2006
Sold by
Knopf Heather
Bought by
418 Enterprises Llc

Purchase Details

Closed on
Feb 22, 2004
Sold by
Showah Abdo Farah and A F Showah Trust
Bought by
Knopt Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2003
Sold by
Showah Abdo
Bought by
Showah Abdo Farah and A F Showah Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2003
Sold by
Giles Roberto C and Giles Guadalupe M
Bought by
Showah Abdo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2000
Sold by
Lombardo Maurice and Lombardo Joan A
Bought by
Giles Roberto C and Giles Guadalupe H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,450
Interest Rate
9.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1999
Sold by
Sanchis Marie Monin
Bought by
Lombardo Maurice and Lombardo Joan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
6.79%
Mortgage Type
Trade

Purchase Details

Closed on
May 15, 1998
Sold by
Israel David
Bought by
Sanchis Marie Monin
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Benardino John M -- Clear Title Agency Of Arizon
Benardino John M $469,000 Clear Title Agency Of Arizon
Lld Rentals Coronado Llc $160,000 Lawyers Title Of Arizona Inc
Preis Matthew $382,000 Commonwealth Land Title Insu
418 Enterprises Llc $252,000 None Available
Knopt Heather $252,000 North American Title Co
Showah Abdo Farah -- Capital Title Agency Inc
Showah Abdo $230,000 Capital Title Agency Inc
Giles Roberto C $175,000 Stewart Title & Trust
Lombardo Maurice $157,000 Security Title Agency
Sanchis Marie Monin $135,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benardino John M $351,750
Previous Owner Preis Matthew $147,000
Previous Owner Knopt Heather $201,600
Previous Owner Showah Abdo $184,000
Previous Owner Giles Roberto C $162,450
Previous Owner Lombardo Maurice $141,300
Closed Showah Abdo $23,000
Closed Knopt Heather $37,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $469,000 -8.9% $178 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
01/30/2019 01/30/19 Price Changed $515,000 -1.9% $196 / Sq Ft
01/16/2019 01/16/19 Price Changed $525,000 -4.5% $199 / Sq Ft
11/28/2018 11/28/18 For Sale $550,000 -- $209 / 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 $1,374 $19,780 -- --
2024 $1,362 $18,838 -- --
2023 $1,362 $60,050 $12,010 $48,040
2022 $1,285 $47,160 $9,430 $37,730
2021 $1,366 $42,870 $8,570 $34,300
2020 $1,355 $29,950 $5,990 $23,960
2019 $1,318 $27,350 $5,470 $21,880
2018 $1,272 $26,120 $5,220 $20,900
2017 $1,222 $21,710 $4,340 $17,370
2016 $1,200 $21,600 $4,320 $17,280
2015 $1,141 $17,410 $3,480 $13,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5851611

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-135