NOT LISTED FOR SALE

Estimated Value: $677,286 - $833,000

2 Beds
1 Bath
900 Sq Ft
$845/Sq Ft Est. Value

Last Sold April 06, 2017

Last sale price $258,000 $287 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $4,319/month

35 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heat Pump System

About This Home

As of April 2017

Very desirable 4-plex, 1 3bed 2bath, 3 2bed 1bath units. 3 bedroom has just been remodeled, all 2 bedroom units have tenants, fresh paint outside, remodeled unit has new kitchen cabinets, new counter tops, new plumbing fixtures, new showers, new vanities, new toilets, 20'' tile in all the right places, new carpet, fresh paint with very tastefull colors, new light fixtures,and new closet doors. Community pool.

Last Agent to Sell the Property

Duane Hake

West USA Realty License #SA022715000 Listed on: 01/05/2017

West USA Realty

Last Buyer's Agent

Manny Caballero

Bellagio Real Estate License #BR116302000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,774

Year Built

  • Built in 1974

Lot Details

  • 7,623

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • Washington Elementary School - Phoenix
  • Cortez High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 150-09-893

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7637
  • Northern Lanai Unit One Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,974
  • Gross Income $29,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,774

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave. & Northern Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: RESID
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2015
  • Directions: Northern to 33rd Ave., North to Harmont Dr., West to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned
  • 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:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Cortez High School
  • Middle Or Junior School: Washington Elementary School - Phoenix

Lot Info

  • Lot Size: 7637
  • Additional Parcels: No
  • Parcel #: 150-09-893

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 500.0
  • Annual Gross Income: 29500.0
  • Insurance Expense: 880.0
  • Annual Operating Expense: 8974.0

Tax Info

  • Tax Annual Amount: 1774.0
  • Tax Book Number: 150.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Narla Pavan Kumar
Bought by
3352 Harmont Dr Llc
Current Estimated Value
$760,822

Purchase Details

Closed on
Jan 28, 2022
Sold by
Rodriguez Jeremy A and Rodriguez Tracey L
Bought by
Narla Pavan Kumar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2021
Sold by
Young Brandon E
Bought by
Rodriguez Jeremy A and Tang Tracey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,483
Interest Rate
2.67%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 5, 2017
Closed on
Feb 22, 2017
Sold by
Dbh Investments Llc
Bought by
Young Brandon Eric
Seller's Agent
Duane Hake
West USA Realty
Buyer's Agent
Manny Caballero
Bellagio Real Estate
List Price
$258,000
Sold Price
$258,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
Original Mortgage
$253,326
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 16, 2016
Closed on
Aug 22, 2016
Sold by
Fung Betty and Larned Betty Fung
Bought by
Dbh Investments Llc
Seller's Agent
Linda Lewis
Night Owl Realty
Buyer's Agent
Duane Hake
West USA Realty
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
163.38%

Purchase Details

Closed on
Aug 29, 2007
Sold by
Larned Peter M
Bought by
Fung Betty and Larned Betty Fung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1997
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Larned Peter M and Larned Betty Fung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 1997
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Shreck Ronald L and Shreck Karyl K

Purchase Details

Closed on
Apr 5, 1996
Sold by
Lazar John G and Lazar Valerie A
Bought by
Shreck Ronald L and Shreck Karyl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.25%
Mortgage Type
New Conventional
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
3352 Harmont Dr Llc -- --
Narla Pavan Kumar $695,000 Clear Title
Rodriguez Jeremy A $415,000 Encore Title Agency
Young Brandon Eric $258,000 First Arizona Title Agency
Dbh Investments Llc $150,000 First Arizona Title Agency
Fung Betty -- Security Title Agency Inc
Larned Peter M $141,000 Security Title
Shreck Ronald L -- --
Shreck Ronald L $135,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Narla Pavan Kumar $521,250
Previous Owner Rodriguez Jeremy A $407,483
Previous Owner Young Brandon E $57,548
Previous Owner Young Brandon Eric $253,326
Previous Owner Fung Betty $138,500
Previous Owner Fung Betty $146,000
Previous Owner Larned Peter M $108,000
Previous Owner Shreck Ronald L $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2017 04/06/17 Sold $258,000 0.0% $287 / Sq Ft
04/06/2017 04/06/17 For Sale $258,000 0.0% $287 / Sq Ft
03/27/2017 03/27/17 For Sale $258,000 0.0% $287 / Sq Ft
02/13/2017 02/13/17 Price Changed $258,000 +2.8% $287 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $251,000 -2.7% $279 / Sq Ft
01/23/2017 01/23/17 Off Market $258,000 -- --
01/14/2017 01/14/17 For Sale $251,000 0.0% $279 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $251,000 +67.3% $279 / Sq Ft
09/15/2016 09/15/16 Sold $150,000 -6.3% $167 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $160,000 -- $178 / 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 $2,187 $17,882 -- --
2024 $2,147 $17,030 -- --
2023 $2,147 $42,270 $8,450 $33,820
2022 $2,077 $30,570 $6,110 $24,460
2021 $2,104 $28,810 $5,760 $23,050
2020 $2,052 $27,420 $5,480 $21,940
2019 $2,014 $22,870 $4,570 $18,300
2018 $1,961 $20,830 $4,160 $16,670
2017 $1,951 $18,100 $3,620 $14,480
2016 $1,916 $16,130 $3,220 $12,910
2015 $1,774 $16,250 $3,250 $13,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5542412

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-893