NOT LISTED FOR SALE

Estimated Value: $647,456 - $838,000

4 Beds
-- Bath
3,656 Sq Ft
$204/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $625,000 $171 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,244/month

35 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Individual Controls for Heating

About This Home

As of November 2022

Northern Lanai Offers Great Shopping and Transportation and a Almost Always Rented Investment. High Demand Three Bedroom Unit and Three Two Bedroom Units. A Garage Space for Each Unit. Community Pool, Lush Landscaping Taken Care of By The HOA. Lots of Room to Raise Rents. Good Cash Flow Turnkey Fourplex. All Facts and Figures Approximate, Buyer to Verify All Information.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/06/2022

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Tyler Bruggman

ABI Multifamily License #SA660047000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,091

Year Built

  • Built in 1974

Lot Details

  • 7,231

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 150-09-887

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Northern Lanai Unit 1 Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $12,436
  • Gross Income $48,655
  • Net Operating Income $36,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,091

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern & 33rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2021
  • Directions: North On 33rd Ave, West on Harmont Past the Pool. Property on South Side of Street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, 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

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 150-09-887

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 48655.2
  • Insurance Expense: 2185.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 36219.0
  • Annual Operating Expense: 12436.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2091.0
  • Tax Book Number: 150.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Nov 30, 2022
Sold by
Harmont Arizona Llc
Bought by
Meyer Karl and Meyer Marta
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Tyler Bruggman
ABI Multifamily
List Price
$685,000
Sold Price
$625,000
Premium/Discount to List
-$60,000
-8.76%
Views
28
Current Estimated Value
$745,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,614
Avg. Annual Appreciation
6.71%
Original Mortgage
$495,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2015
Closed on
Dec 17, 2015
Sold by
Gledhill Properties Llc
Bought by
Harmont Arizona Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Sam Ricketts
Premier Resort Holdings AZ
List Price
$254,900
Sold Price
$250,000
Premium/Discount to List
-$4,900
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%
Original Mortgage
$200,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2006
Sold by
Gledhill Jonathan and Gledhill Susan
Bought by
Gledhill Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Yanez Paul F
Bought by
Gladhill Jonathan and Gladhill Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2005
Sold by
Yanez Cynthia G
Bought by
Yanez Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2004
Sold by
Yanez Paul F
Bought by
Yanez Paul F and Yanez Cynthia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2004
Sold by
Yanez Cynthia G
Bought by
Yanez Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2004
Sold by
Aminozzakeri Nafice
Bought by
Yanez Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2002
Sold by
Hreniuc Gragos and Hreniuc Silvia
Bought by
Avram Cornel and Avram Daniela

Purchase Details

Closed on
Aug 9, 2002
Sold by
Shodinni Amir
Bought by
Aminozzakeri Nafice

Purchase Details

Closed on
Nov 6, 2000
Sold by
Maxey Steven A and Maxey Susan B
Bought by
Hreniuc Dragos and Hreniuc Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1999
Sold by
Dube William E
Bought by
Maxey Steven A and Maxey Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 1997
Sold by
Reese Carl J and Reese Florentina
Bought by
Dube William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,550
Interest Rate
7.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 1994
Sold by
Law Tony and Law Kam Nui
Bought by
Reese Carl J and Reese Florentina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.35%
Mortgage Type
New Conventional
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
Meyer Karl $625,000 Driggs Title Agency
Harmont Arizona Llc $250,000 Chicago Title Agency Inc
Gledhill Properties Llc -- First American Title
Gladhill Jonathan $320,000 First American Title Ins Co
Yanez Paul F -- Fidelity National Title
Yanez Paul F -- Capital Title Agency Inc
Yanez Paul F -- Capital Title Agency Inc
Yanez Paul F $271,000 Capital Title Agency Inc
Avram Cornel -- Capital Title Agency Inc
Aminozzakeri Nafice -- Capital Title Agency Inc
Aminozzakeri Nafice $253,500 Capital Title Agency Inc
Hreniuc Dragos $220,000 American Title Insurance
Maxey Steven A $199,000 Nations Title Insurance
Dube William J $140,000 Fidelity Title
Reese Carl J $320,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Karl $675,000
Closed Meyer Karl $495,000
Previous Owner Harmont Arizona Llc $200,000
Previous Owner Gladhill Jonathan $256,000
Previous Owner Yanez Paul F $262,500
Previous Owner Yanez Paul F $64,575
Previous Owner Yanez Paul F $209,600
Previous Owner Yanez Paul F $209,600
Previous Owner Yanez Paul F $209,600
Previous Owner Hreniuc Dragos $198,000
Previous Owner Maxey Steven A $189,000
Previous Owner Dube William J $128,550
Previous Owner Reese Carl J $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $625,000 -4.6% $171 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
09/30/2022 09/30/22 Price Changed $655,000 -4.4% $179 / Sq Ft
09/06/2022 09/06/22 For Sale $685,000 +174.0% $187 / Sq Ft
12/18/2015 12/18/15 Sold $250,000 -1.9% $68 / Sq Ft
11/09/2015 11/09/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $254,900 -- $70 / 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 $2,173 $17,771 -- --
2024 $2,134 $16,924 -- --
2023 $2,134 $42,020 $8,400 $33,620
2022 $2,064 $30,400 $6,080 $24,320
2021 $2,091 $28,600 $5,720 $22,880
2020 $2,039 $27,220 $5,440 $21,780
2019 $2,002 $22,760 $4,550 $18,210
2018 $1,949 $20,750 $4,150 $16,600
2017 $1,939 $18,020 $3,600 $14,420
2016 $1,904 $16,030 $3,200 $12,830
2015 $1,763 $16,170 $3,230 $12,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6459973

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-887