NOT LISTED FOR SALE

Estimated Value: $680,370 - $779,000

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

Last Sold April 13, 2021

Last sale price $575,000 $157 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,106/month

2 Days on Market

Highlights

  • Clubhouse
  • Community Playground
  • Central Heating and Cooling System
  • 6 Car Attached Garage
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of April 2021

Beautifully landscaped 4-plex w/garages-well maintained by owner who initially lived in the property. Fairly new Vinyl, tile flooring in units. Combination of two and three bed rooms units. Fully occupied with stable tenants. Newer Ac's in two units. Northern Lunai is a great multi-plex subdivision with a nice residential feel. Community includes a play ground and club house. Building has a laundry room with W/D hook-ups for on-site coin-op laundry for extra income. Exterior of the building just painted. Close to shopping, dining and major freeway making it easy for any commute. **Do Not Disturb Tenants**

Last Agent to Sell the Property

Naushi Hussain

HomeSmart License #SA630092000 Listed on: 02/25/2021

HomeSmart

Last Buyer's Agent

Stacey Crow

HomeSmart License #SA669602000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,042

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Car Attached Garage
  • 2 Open Parking Spaces
  • On-Street Parking

Schools

  • Washington Elementary School

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 21
  • Assessor Parcel Number 150-09-888

Community Details

Overview

  • 4 Units
  • Building Dimensions are 111.52x67
  • Northern Lanai Unit 1 Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Playground

Building Details

  • Operating Expense $12,277
  • Gross Income $37,980
  • Net Operating Income $25,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,042

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 33rd Ave and Northern Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2020
  • Professional Management Expense: 2400.0
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Clubhouse: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Attached, 1 Space/Unit, On Street
  • Attached Garage: Yes
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Clubhouse, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Fee Information

  • Trash Expense: 1620.0
  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Washington Elementary School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 111.52x67
  • Additional Parcels: No
  • Parcel #: 150-09-888

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 37980.0
  • Insurance Expense: 995.0
  • Property Net Operating Income: 25163.0
  • Annual Operating Expense: 12277.0

Tax Info

  • Tax Annual Amount: 2042.0
  • Tax Book Number: 150.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 12, 2021
Sold by
Peralta Jose Luis Herrera
Bought by
Meyer Karl F and Meyer Marta L
Seller's Agent
Naushi Hussain
HomeSmart
Buyer's Agent
Stacey Crow
HomeSmart
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$747,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,593
Avg. Annual Appreciation
5.73%
Original Mortgage
$416,250
Outstanding Balance
$373,563
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$374,030

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 4, 2016
Sold by
Gbtp 17000 Llc
Bought by
Peralta Jose Luis Herrera
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Erik Walbot
Realty ONE Group
List Price
$268,800
Sold Price
$250,000
Premium/Discount to List
-$18,800
-6.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.26%
Original Mortgage
$245,471
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2014
Sold by
Diamond 6913 Llc
Bought by
Gbtp 17000 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 28, 2013
Closed on
Jul 16, 2013
Sold by
Teasley John
Bought by
Diamond 6913 Llc
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Michael Williams
Berkshire Hathaway HomeServices Arizona Properties
List Price
$100,000
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.58%

Purchase Details

Listed on
May 4, 2012
Closed on
Jun 13, 2012
Sold by
Teasley Cynthia
Bought by
Teasley John
Seller's Agent
Carol Asnen
Carol A Asnen
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-31.69%

Purchase Details

Listed on
May 4, 2012
Closed on
Jun 5, 2012
Sold by
Somaz 1 Llc
Bought by
Somaz 4 Llc
Seller's Agent
Carol Asnen
Carol A Asnen
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%

Purchase Details

Listed on
May 4, 2012
Closed on
Jun 4, 2012
Sold by
Somaz 4 Llc
Bought by
Teasley John and Teasley Cynthia
Seller's Agent
Carol Asnen
Carol A Asnen
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%

Purchase Details

Closed on
Feb 9, 2012
Sold by
Somaz 1 Llc
Bought by
Somaz 4 Llc

Purchase Details

Closed on
Nov 16, 2011
Sold by
Hamilton James and Hamilton Angela
Bought by
Mattern 1 Llc

Purchase Details

Closed on
Jun 15, 2005
Sold by
Clifton James M and Clifton Diane G
Bought by
Hamilton James and Hamilton Angela

Purchase Details

Closed on
Oct 7, 2003
Sold by
Swift Richard E and Swift Suzanne B
Bought by
Clifton James M and Clifton Diane G

Purchase Details

Closed on
Dec 28, 2001
Sold by
Barranti Michael and Barranti Faten H
Bought by
Breit Michelle G and Schultz John E

Purchase Details

Closed on
Apr 25, 2000
Sold by
Crow Pete O and Crow Candice T
Bought by
Barranti Michael and Barranti Faten H

Purchase Details

Closed on
Oct 16, 1997
Sold by
Isley Robert T and Isley Pamela S
Bought by
Crow Pete O and Crow Candice T

Purchase Details

Closed on
Apr 6, 1995
Sold by
Gunter Glenn J and Gunter Darcy N
Bought by
Isley Robert T and Isley Pamela S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Meyer Karl F $575,000 Dhi Title Agency
Meyer Karl F $575,000 Dhi Title Agency
Peralta Jose Luis Herrera $257,000 Empire West Title Agency
Peralta Jose Luis Herrera $257,000 Empire West Title Agency
Gbtp 17000 Llc $108,000 Chicago Title Agency Inc
Gbtp 17000 Llc $108,000 Chicago Title Agency Inc
Diamond 6913 Llc $100,000 Fidelity National Title Agen
Diamond 6913 Llc $100,000 Fidelity National Title Agen
Teasley John -- Chicago Title
Teasley John -- Chicago Title
Somaz 4 Llc -- Chicago Title
Somaz 4 Llc -- Chicago Title
Teasley John $149,900 Chicago Title
Teasley John $149,900 Chicago Title
Somaz 4 Llc -- None Available
Somaz 4 Llc -- None Available
Mattern 1 Llc $110,000 Chicago Title
Mattern 1 Llc $110,000 Chicago Title
Hamilton James $364,500 Alliance Title Partners
Hamilton James $364,500 Alliance Title Partners
Clifton James M $262,000 Lawyers Title Insurance Corp
Clifton James M $262,000 Lawyers Title Insurance Corp
Breit Michelle G $226,000 North American Title Co
Breit Michelle G $226,000 North American Title Co
Barranti Michael $205,000 North American Title Agency
Barranti Michael $205,000 North American Title Agency
Crow Pete O $148,000 First American Title
Crow Pete O $148,000 First American Title
Isley Robert T $129,000 United Title Agency
Isley Robert T $129,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Karl F $416,250
Previous Owner Peralta Jose Luis Herrera $245,471
Previous Owner Gbtp 17000 Llc $137,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Sold $575,000 0.0% $157 / Sq Ft
02/25/2021 02/25/21 For Sale $575,000 0.0% $157 / Sq Ft
07/11/2019 07/11/19 Rented $745 0.0% --
07/02/2019 07/02/19 Under Contract -- -- --
06/18/2019 06/18/19 For Rent $745 0.0% --
01/22/2016 01/22/16 Sold $250,000 -7.0% $68 / Sq Ft View Prior Sale
12/04/2015 12/04/15 Pending -- -- --
10/13/2015 10/13/15 For Sale $268,800 +168.8% $74 / Sq Ft
07/31/2013 07/31/13 Sold $100,000 0.0% $27 / Sq Ft View Prior Sale
07/08/2013 07/08/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $100,000 -35.5% $27 / Sq Ft
06/07/2012 06/07/12 Sold $155,000 +3.4% $42 / Sq Ft View Prior Sale
05/09/2012 05/09/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $149,900 -- $41 / 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 $2,262 $17,800 -- --
2024 $2,137 $16,953 -- --
2023 $2,137 $42,070 $8,410 $33,660
2022 $2,068 $30,420 $6,080 $24,340
2021 $2,094 $28,630 $5,720 $22,910
2020 $2,042 $27,260 $5,450 $21,810
2019 $2,005 $22,780 $4,550 $18,230
2018 $1,952 $20,760 $4,150 $16,610
2017 $1,942 $18,050 $3,610 $14,440
2016 $1,907 $16,060 $3,210 $12,850
2015 $1,766 $16,180 $3,230 $12,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6199129

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-888