NOT LISTED FOR SALE

Estimated Value: $1,404,381 - $1,529,000

6 Beds
-- Bath
1,334 Sq Ft
$1,092/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $1,525,000 $1,143 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,827/month

3 Days on Market

Highlights

  • Central Air
  • Heating Available
  • 4-minute walk to Paiute Park
  • Tavan Elementary School Rated A

About This Home

As of April 2022

Four on 66th Place is an amazing opportunity in the heart of old town Scottsdale. This mid-century modern fourplex has vaulted ceilings, two 2 bedroom one bath units and two 1 bedroom one bath units. All tenants are currently month to month with rents ranging from 750 -1075. Market rents are 1750-2000 or turn into an AirBnB and bring in 2500-5000 each unit per month. Perfect value Two units have been updated in 2015 and 2017 with granite counter & cabinets. 2009 updated tubs bathroom surrounds. 2018 new landscape and partially covered patios for all units. 2017 new paint. Value add to finish remodeling and adding washer and dryer in each unit and potential to add covered parking. Onsite laundry room with leased laundry equipment month to month lease. Drive by only all facts and figures are approximate buyer verify MLS

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/28/2022

Co-Listed By

Michael Gordon

Grace CRE License #BR688636000

Last Buyer's Agent

Joshua Willets

Grace CRE License #BR675965000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1958

Lot Details

  • 9,496

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 61
  • Assessor Parcel Number 130-47-105

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9473
  • Holiday Park Subdivision

Building Details

  • Operating Expense $9,812
  • Gross Income $87,514
  • Net Operating Income $77,702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: OSBORN & 68TH STREET
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: UNKNOWN
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Directions: WEST ON OSBORN. SOUTH ON 66TH PLACE.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: HOLIDAY PARK
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Fuel Expense: 482.0
  • Trash Expense: 473.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 9473
  • Additional Parcels: No
  • Parcel #: 130-47-105

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 500.0
  • Annual Gross Income: 87514.0
  • Insurance Expense: 1900.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 77702.0
  • Annual Operating Expense: 9812.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1257.0
  • Tax Book Number: 130.00
  • Tax Lot: 61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2021
Sold by
Stewart David A G and Stewart Sheila R
Bought by
Stewart 66Th Place Llc
Current Estimated Value
$1,456,460

Purchase Details

Closed on
Jul 7, 2009
Sold by
Deutsche Bank National Trust
Bought by
Stewart David A G and Stewart Sheila R

Purchase Details

Closed on
Feb 27, 2009
Sold by
Eshaghian Iradj
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Feb 9, 2005
Sold by
Eshaghian Vida
Bought by
Eshaghian Iradj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Stewart 66Th Place Llc -- None Available
Stewart David A G $131,000 Security Title Agency
Deutsche Bank National Trust Company $250,750 Security Title Agency
Eshaghian Iradj -- First American Title Ins Co
Eshaghian Iradj $302,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eshaghian Iradj $45,375
Previous Owner Eshaghian Iradj $242,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $1,525,000 +3.4% $1,143 / Sq Ft
04/21/2022 04/21/22 Price Changed $1,475,000 0.0% $1,106 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,475,000 -- $1,106 / 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 $1,264 $18,198 -- --
2024 $1,253 $17,332 -- --
2023 $1,253 $63,970 $12,790 $51,180
2022 $1,182 $44,970 $8,990 $35,980
2021 $1,257 $38,760 $7,750 $31,010
2020 $1,246 $33,100 $6,620 $26,480
2019 $1,213 $26,670 $5,330 $21,340
2018 $1,170 $24,560 $4,910 $19,650
2017 $1,124 $21,750 $4,350 $17,400
2016 $1,104 $19,180 $3,830 $15,350
2015 $1,050 $17,700 $3,540 $14,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6361664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-105