NOT LISTED FOR SALE

Estimated Value: $630,000 - $828,000

-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Last Sold March 15, 2024

Last sale price $750,000

Est. 2% decrease in value since last sale

Current estimated payment $4,188/month

75 Days on Market

Highlights

  • Heated Community Pool
  • Carpet
  • Heating Available
  • Cooling Available

About This Home

As of March 2024

Welcome to this 4-plex located in the highly desirable Northern Lanai community. This building features expansive floorplans, convenient garage parking. Offering ample parking space, generously sized apartment homes, and beautifully landscaped surroundings, this property has consistently delivered reliable rental income. Don't miss out on this excellent investment opportunity—call today to explore your next venture!

Last Agent to Sell the Property

Maisha Fair

Realty ONE Group License #SA585490000 Listed on: 12/09/2023

Co-Listed By

Damario Fair

Realty ONE Group License #SA708934000

Last Buyer's Agent

Jose Gastelum Cota

Weichert Realtors - Upraise License #SA677694000

Weichert Realtors - Upraise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1974

Lot Details

  • 0.37

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • On-Street Parking

Schools

  • Washington Elementary School - Phoenix

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 19
  • Assessor Parcel Number 150-09-886-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Northern Lanai Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,767
  • Net Operating Income $42,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,356

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35TH AVENUE & 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: WEST ON NORTHERN, RIGHT ON 31ST AVE, WEST ON HARMONT TO PROPERTY ON LEFT
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4500.0
  • Co List Office Mls Id: reog13
  • Co List Office Phone: 623-552-3773
  • Subdivision Name: NORTHERN LANAI
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: 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: Street Parking
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: 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:Landscape Wtr System: Yes
  • Community Amenities:Pool2: Yes

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Other
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 150-09-886-A

Multi Family

  • Owner Pays: Water
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 101.28
  • Property Net Operating Income: 42048.12
  • Annual Operating Expense: 8767.28
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 2356.0
  • Tax Book Number: 150.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2025
Sold by
Cota Omar Adalberto Gastelum
Bought by
Ogc Investments Llc
Current Estimated Value
$732,041

Purchase Details

Listed on
Dec 9, 2023
Closed on
Mar 15, 2024
Sold by
Harmont 3331 Llc
Bought by
Gastelum Omar Adalberto
Seller's Agent
Maisha Fair
Realty ONE Group
Buyer's Agent
Jose Gastelum Cota
Weichert Realtors - Upraise
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%
Views
634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%
Original Mortgage
$600,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 28, 2019
Sold by
Las Environments Llc
Bought by
Harmont 3331 Llc

Purchase Details

Closed on
Aug 4, 2011
Sold by
The Bank Of New York Mellon
Bought by
Las Environments Llc

Purchase Details

Closed on
Jun 2, 2011
Sold by
Sanchez Mcihael
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jan 6, 2011
Sold by
Sanchez Michael
Bought by
Sanchez Michael and Sanchez Aida Desiree

Purchase Details

Closed on
May 22, 2006
Sold by
Lovell Robert A and Lovell Fay L
Bought by
Sanchez Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 15, 2004
Sold by
Lovell Robert A and Lovell Fay L
Bought by
Lovell Robert A and Lovell Fay L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ogc Investments Llc -- --
Gastelum Omar Adalberto $750,000 Landmark Title
Harmont 3331 Llc -- None Available
Las Environments Llc $112,100 First American Title Ins Co
The Bank Of New York Mellon $97,920 Accommodation
Sanchez Michael -- None Available
Sanchez Michael $410,000 Scottsdale Title Co Llc
Lovell Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gastelum Omar Adalberto $600,000
Previous Owner Sanchez Michael $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $750,000 -6.3% --
02/23/2024 02/23/24 Pending -- -- --
12/09/2023 12/09/23 For Sale $800,000 -- --
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 $2,400 $19,623 -- --
2024 $2,356 $18,689 -- --
2023 $2,356 $45,910 $9,180 $36,730
2022 $2,280 $33,070 $6,610 $26,460
2021 $2,309 $31,960 $6,390 $25,570
2020 $2,251 $30,370 $6,070 $24,300
2019 $2,210 $24,560 $4,910 $19,650
2018 $2,152 $22,150 $4,430 $17,720
2017 $2,141 $19,110 $3,820 $15,290
2016 $2,102 $17,500 $3,500 $14,000
2015 $1,947 $17,280 $3,450 $13,830
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6638923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-886A