NOT LISTED FOR SALE

Estimated Value: $260,358 - $329,000

-- Bed
2 Baths
1,044 Sq Ft
$292/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $66,000 $63 Per Sq Ft

Est. 362% increase in value since last sale

Current estimated payment $1,652/month

54 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of April 2015

Perfect Investment opportunity for great cash flow rental property, or an owner occupied opportunity where you can live in the 3 bedroom house in the back, while renting out the 1 & 2 bedroom duplex in the front. Both buildings need to be rehabbed, but the potential is amazing. Great location and close to everything downtown Phoenix has to offer, and close to light rail. Neighborhoods in the downtown area are getting more and more desirable, and the historic area boundaries are expanding. Don't miss a chance a your piece of the pie....As-Is Cash Sale Only.

Last Agent to Sell the Property

Carol Duffy

West USA Realty License #SA558780000 Listed on: 02/13/2015

West USA Realty

Last Buyer's Agent

Ivan Mendoza

HomeSmart License #SA580730000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $285

Year Built

  • Built in 1936

Lot Details

  • 5,619

Home Design

  • Wood Frame Construction
  • Siding
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 109-30-040

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are Irregular
  • Christycroft Subdivision

Building Details

  • Operating Expense $1,965
  • Gross Income $4,380
  • Net Operating Income $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$285

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: I-17 & Van Buren
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2013
  • Directions: Exit I-17 onto Van Buren St. and head East to 20th Dr. go North. Home is on the East side of the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: Christycroft
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Fuel Expense: 180.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 109-30-040

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 4380.0
  • Property Net Operating Income: 2700.0
  • Annual Operating Expense: 1965.0

Tax Info

  • Tax Annual Amount: 285.0
  • Tax Book Number: 109.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2015
Closed on
Apr 13, 2015
Sold by
Acres William J
Bought by
Villalpando Jorge L and Villalpando Rocio
Seller's Agent
Carol Duffy
West USA Realty
Buyer's Agent
Ivan Mendoza
HomeSmart
List Price
$74,900
Sold Price
$66,000
Premium/Discount to List
-$8,900
-11.88%
Current Estimated Value
$305,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,090
Avg. Annual Appreciation
15.70%

Purchase Details

Closed on
Dec 10, 2001
Sold by
Mel Craig Enterprises Inc
Bought by
Acres William J and Acres Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,471
Interest Rate
6.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2001
Sold by
Frank Rodney L
Bought by
Mel Craig Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,471
Interest Rate
6.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1998
Sold by
Mel Craig Enterprises Inc
Bought by
Frank Rodney L and Frank Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,533
Interest Rate
6.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 26, 1994
Sold by
Bonilla Marko B
Bought by
Mel Craig Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,800
Interest Rate
8.73%
Mortgage Type
Seller Take Back
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
Villalpando Jorge L $66,000 First Arizona Title Agency
Acres William J $62,471 --
Mel Craig Enterprises Inc -- Arizona Title Agency Inc
Frank Rodney L $60,000 Chicago Title Insurance Co
Mel Craig Enterprises Inc $28,800 First Service Title Agency I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acres William J $62,471
Previous Owner Frank Rodney L $56,533
Previous Owner Mel Craig Enterprises Inc $26,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $66,000 -11.9% $63 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $74,900 -- $72 / 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 $402 $3,010 -- --
2024 $399 $2,867 -- --
2023 $399 $21,030 $4,200 $16,830
2022 $384 $13,530 $2,700 $10,830
2021 $382 $14,320 $2,860 $11,460
2020 $386 $11,760 $2,350 $9,410
2019 $385 $9,830 $1,960 $7,870
2018 $379 $7,930 $1,580 $6,350
2017 $370 $5,460 $1,090 $4,370
2016 $359 $4,610 $920 $3,690
2015 $333 $3,920 $780 $3,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5237304

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-30-040