NOT LISTED FOR SALE

Estimated Value: $494,215 - $702,000

Studio
-- Bath
3,656 Sq Ft
$170/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $315,000 $86 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,393/month

22 Days on Market

Highlights

  • Heated Community Pool
  • Vinyl Flooring
  • Heat Pump System
  • Cooling Available

About This Home

As of September 2019

Great Investment Opportunity! All four units currently have a tenants in place.

Last Agent to Sell the Property

Luis Espinoza

Gile Commercial Real Estate License #SA663217000 Listed on: 07/11/2019

Co-Listed By

John Tamayo

HomeSmart License #SA639397000

Last Buyer's Agent

Rachel Stovall

West USA Realty License #SA526580000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,012

Year Built

  • Built in 1974

Lot Details

  • 9,322

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water
  • Tax Lot 18
  • Assessor Parcel Number 150-09-885

Community Details

Overview

  • 4 Units
  • Building Dimensions are 118'x88'
  • Northern Lanai Unit One Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $4,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,012

Year Built

Built in 1974

Lot Details

9,322 Sq Ft Lot

Listing Details

  • Cross Street: 35TH AVE AND NORTHERN AVE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril07
  • Co List Office Phone: 623-986-4200
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Heat Pump
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:Pool2: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 118'x88'
  • Additional Parcels: No
  • Parcel #: 150-09-885

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 4832.0

Tax Info

  • Tax Annual Amount: 2012.0
  • Tax Book Number: 150.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Sep 5, 2019
Sold by
Benzvl Lior
Bought by
Chatman Elvis
Seller's Agent
Luis Espinoza
Gile Commercial Real Estate
Buyer's Agent
Rachel Stovall
West USA Realty
List Price
$340,000
Sold Price
$315,000
Premium/Discount to List
-$25,000
-7.35%
Current Estimated Value
$621,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,054
Avg. Annual Appreciation
11.10%
Original Mortgage
$309,294
Outstanding Balance
$271,029
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$350,025

Purchase Details

Closed on
Jan 28, 2018
Sold by
Rena Venturess Llc
Bought by
Benzvi Lior

Purchase Details

Listed on
Feb 16, 2017
Closed on
Apr 17, 2017
Sold by
Bank Of New York Mellon
Bought by
Rena Ventures Llc
Seller's Agent
Geoffrey Adams
Realty ONE Group
Buyer's Agent
Daniel Jones
Realty ONE Group
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.60%
Interest Rate
4.08%

Purchase Details

Listed on
Feb 16, 2017
Closed on
Jan 26, 2017
Sold by
Mccreary William J
Bought by
The Bank Of New York Mellon and The Bank Of New York
Seller's Agent
Geoffrey Adams
Realty ONE Group
Buyer's Agent
Daniel Jones
Realty ONE Group
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%

Purchase Details

Closed on
Sep 24, 2013
Sold by
Mccreary William J and Mccreary Charlotte
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Feb 24, 1999
Sold by
Lee Austin E
Bought by
Mccreary William J and Mccreary Charlotte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 1998
Sold by
Lee Dorthene
Bought by
Lee Austin E

Purchase Details

Closed on
Jan 29, 1998
Sold by
Williams Derek and Williams Suzanne L
Bought by
Lee Austin E
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
Chatman Elvis $315,000 Wfg National Title Ins Co
Benzvi Lior -- None Available
Rena Ventures Llc $170,000 --
The Bank Of New York Mellon $204,000 None Available
The Bank Of New York Mellon -- None Available
Mccreary William J $154,000 Nations Title Insurance
Lee Austin E -- North American Title Agency
Lee Austin E $145,900 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chatman Elvis $309,294
Previous Owner Rena Ventures Llc --
Previous Owner Mccreary William J $138,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2019 09/09/19 Sold $315,000 -7.4% $86 / Sq Ft
09/04/2019 09/04/19 Price Changed $340,000 0.0% $93 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $340,000 +100.0% $93 / Sq Ft
03/14/2017 03/14/17 Sold $170,000 +6.3% $46 / Sq Ft View Prior Sale
02/22/2017 02/22/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $159,900 -- $44 / 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 $2,331 $18,344 -- --
2024 $2,203 $17,470 -- --
2023 $2,203 $43,230 $8,640 $34,590
2022 $2,131 $31,220 $6,240 $24,980
2021 $2,158 $29,630 $5,920 $23,710
2020 $2,105 $28,180 $5,630 $22,550
2019 $2,066 $23,320 $4,660 $18,660
2018 $2,012 $21,180 $4,230 $16,950
2017 $2,002 $18,360 $3,670 $14,690
2016 $1,965 $16,500 $3,300 $13,200
2015 $1,820 $16,520 $3,300 $13,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5951321

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-885

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