NOT LISTED FOR SALE

Estimated Value: $697,668

-- Bed
5 Baths
2,900 Sq Ft
$241/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $294,000 $101 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $4,113/month

6 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Heated Community Pool

About This Home

As of July 2018

Amazing deal!!! Two four plex units next to each other for sale. 3321 and 3315 for sale. Perfect investment for a great price. Long term tenants room to raise rents. Seller looking for fast close. Drive by today these won't last long. Washer and dryer on site. Buyer verify MLS info. DRIVE BY ONLY.

Last Agent to Sell the Property

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 06/20/2018

Last Buyer's Agent

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,144

Year Built

  • Built in 1974

Lot Details

  • 0.32

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 150-09-875

Community Details

Overview

  • 4 Units
  • Building Dimensions are 14111
  • Northern Lanai Unit One Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,304
  • Gross Income $29,754
  • Net Operating Income $18,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,144

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern and 33rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2018
  • Directions: From Northern turn Right (N) onto 33rd Ave. Turn Left (W) on Loma Lane far left corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:Pool2: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: 14111
  • Additional Parcels: No
  • Parcel #: 150-09-875

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 500.0
  • Annual Gross Income: 29754.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 18450.0
  • Annual Operating Expense: 11304.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1144.0
  • Tax Book Number: 150.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Jul 13, 2018
Sold by
Burnette David A and Fan Lili
Bought by
Ahmed Imthiaz and Abusali Salina B
Seller's Agent
Andrew Williams
Synchronicity Realty
Buyer's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
List Price
$305,000
Sold Price
$294,000
Premium/Discount to List
-$11,000
-3.61%
Total Days on Market
6
Current Estimated Value
$697,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,668
Avg. Annual Appreciation
13.22%
Original Mortgage
$220,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2011
Sold by
Tran Hieu P and Ngo Ngan Ha Thuy
Bought by
Burnette David A and Fan Lili

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2005
Sold by
Taylor Scott and Taylor Linjuan
Bought by
Tran Hieu and Ngo Nga Ha Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 4, 2004
Sold by
Suits Properties I Llc
Bought by
Taylor Scott and Taylor Linjuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2003
Sold by
Suits Debbra L
Bought by
Suits Properties I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
6.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 2003
Sold by
Suits Kermit
Bought by
Suits Debbra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
6.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 15, 2002
Sold by
Popescu Daniel
Bought by
Suits Kermit and Suits Debbra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2000
Sold by
Grotte David L and Grotte Kristy K
Bought by
Popescu Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,800
Interest Rate
8.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 1999
Sold by
Boser Greg T and Boser Patricia L
Bought by
Grotte David L and Grotte Kristy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
7.25%
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
Ahmed Imthiaz $294,000 Great American Title Agency
Burnette David A $120,100 First Arizona Title Agency
Tran Hieu $400,000 Transnation Title
Taylor Scott $317,000 First American Title Ins Co
Suits Properties I Llc -- Capital Title Agency Inc
Suits Debbra L -- Capital Title Agency Inc
Suits Kermit $235,000 --
Popescu Daniel $202,000 Chicago Title Insurance Co
Grotte David L $182,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmed Imthiaz $222,150
Closed Ahmed Imthiaz $220,500
Previous Owner Burnette David A $72,000
Previous Owner Tran Hieu P $320,000
Previous Owner Taylor Scott $249,600
Previous Owner Suits Debbra L $213,600
Previous Owner Suits Kermit $211,500
Previous Owner Popescu Daniel $181,800
Previous Owner Grotte David L $163,800
Closed Taylor Scott $31,200
Closed Tran Hieu $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $294,000 -3.6% $101 / Sq Ft
06/20/2018 06/20/18 For Sale $305,000 -- $105 / 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 $2,363 $19,322 -- --
2024 $2,320 $18,402 -- --
2023 $2,320 $45,260 $9,050 $36,210
2022 $2,245 $32,620 $6,520 $26,100
2021 $2,273 $31,380 $6,270 $25,110
2020 $2,217 $29,830 $5,960 $23,870
2019 $2,176 $24,260 $4,850 $19,410
2018 $2,119 $21,910 $4,380 $17,530
2017 $2,109 $18,920 $3,780 $15,140
2016 $2,070 $17,260 $3,450 $13,810
2015 $1,917 $17,100 $3,420 $13,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5782915

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-875