NOT LISTED FOR SALE

Estimated Value: $523,119 - $786,000

Studio
1 Bath
750 Sq Ft
$905/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $299,000 $399 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,719/month

5 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Heat Pump System
  • Cooling Available

About This Home

As of April 2018

Turnkey Investment Property, Located at the End of a Low Traffic Cul De Sac in a High Traffic, EZ Access Central Phoenix Location! Close to Freeways, Transportation and Employment! Don't miss this Opportunity to purchase a Clean Property Featuring Two and Three Bedroom Units, Community Pool with Garaged Parking! Standard Residential Financing is Available. The neighborhood schools are High Performing. Landscaping is Lush. Extra Income generated by Onsite Laundry. 100% Occupied. One AC Unit was Replaced within the last year, and a New Deck was Attached in 2017.
Prices and Rents are going up-Don't Wait!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 02/28/2018

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 02/28/2018

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,987

Year Built

  • Built in 1974

Lot Details

  • 8,973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 24
  • Assessor Parcel Number 150-09-891

Community Details

Overview

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

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $13,107
  • Gross Income $34,047
  • Net Operating Income $19,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,987

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: NORTHERN & 33RD AVE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2640.0
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: 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: >1 Space Per Unit
  • Attached Garage: No
  • 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
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 150-09-891

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 800.0
  • Annual Gross Income: 34047.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 19776.0
  • Annual Operating Expense: 13107.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1987.0
  • Tax Book Number: 150.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Calhoun and Stephanie
Bought by
Jack Calhoun And Stephanie Calhoun Revocable
Current Estimated Value
$679,030

Purchase Details

Listed on
Feb 28, 2018
Closed on
Mar 22, 2018
Sold by
Wong Properties Llc
Bought by
Calhoun Jack and Calhoun Stephanie
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$320,000
Sold Price
$299,000
Premium/Discount to List
-$21,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$224,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2012
Sold by
Wong Christopher and Wong Michelle
Bought by
Wong Properties Llc

Purchase Details

Closed on
May 4, 2012
Sold by
Wasta Llc
Bought by
Wong Christopher and Wong Michelle

Purchase Details

Closed on
Feb 13, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Wasta Llc

Purchase Details

Closed on
Aug 30, 2011
Sold by
Nance Andrew
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 1, 2011
Sold by
Williamsen Michael John
Bought by
Nance Andrew

Purchase Details

Closed on
Jul 18, 2006
Sold by
Nance Andrew
Bought by
Nance Andrew and Michael John Williamsen Trust

Purchase Details

Closed on
Oct 14, 2003
Sold by
Williamsen Michael John
Bought by
Nance Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Avram Cornel and Avram Daniela
Bought by
Nance Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2000
Sold by
Equitable Holdings Llc
Bought by
Avram Cornel and Avram Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2000
Sold by
Bennett Jacob Francies and Bennett Frank
Bought by
Equitable Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,768
Interest Rate
8.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 17, 1999
Sold by
Malinowski Michael and Malinowski Elvie Y
Bought by
Bennett Jacob Francies and Bennett Frank

Purchase Details

Closed on
Dec 21, 1998
Sold by
Anderman William H and Anderman Jean A
Bought by
Malinowski Michael and Malinowski Elvie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,650
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1996
Sold by
Dawkins Patricia B and Brackeen Patricia A
Bought by
Anderman William H and Anderman Jean A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,500
Interest Rate
8.11%
Mortgage Type
New Conventional
Source: Public Records
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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
Jack Calhoun And Stephanie Calhoun Revocable -- None Listed On Document
Calhoun Jack $300,000 Security Title Agency Inc
Wong Properties Llc -- None Available
Wong Christopher $180,000 Chicago Title Agency Inc
Wasta Llc $101,000 First American Title Ins Co
Deutsche Bank National Trust Company $122,500 Accommodation
Nance Andrew -- Lawyers Title Of Arizona Inc
Nance Andrew -- None Available
Nance Andrew -- Capital Title Agency Inc
Nance Andrew $246,000 North American Title Co
Avram Cornel $203,000 American Title Insurance
Equitable Holdings Llc $176,000 Security Title Agency
Bennett Jacob Francies -- --
Malinowski Michael $167,000 Ati Title Agency
Anderman William H $135,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Calhoun Jack $224,250
Previous Owner Nance Andrew $200,000
Previous Owner Nance Andrew $196,800
Previous Owner Avram Cornel $182,700
Previous Owner Equitable Holdings Llc $157,768
Previous Owner Malinowski Michael $158,650
Previous Owner Anderman William H $100,500
Closed Nance Andrew $24,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $299,000 -6.6% $399 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $320,000 -- $427 / 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 $2,314 $18,212 -- --
2024 $2,187 $17,344 -- --
2023 $2,187 $43,020 $8,600 $34,420
2022 $2,116 $31,080 $6,210 $24,870
2021 $2,143 $29,460 $5,890 $23,570
2020 $2,089 $28,020 $5,600 $22,420
2019 $2,051 $23,220 $4,640 $18,580
2018 $1,998 $21,110 $4,220 $16,890
2017 $1,987 $18,310 $3,660 $14,650
2016 $1,951 $16,420 $3,280 $13,140
2015 $1,807 $16,460 $3,290 $13,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5729423

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-891