NOT LISTED FOR SALE

Estimated Value: $402,563 - $523,000

Studio
-- Bath
2,520 Sq Ft
$187/Sq Ft Est. Value

Last Sold September 05, 2018

Last sale price $250,000 $99 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,544/month

3 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of September 2018

**DRIVE BY ONLY. DO NOT CONTACT TENANTS** 3 x 2 bed/1 bath, ALL OCCUPIED, long-term renters (6, 9 and 13 years) who pay on time and have pride of ownership. Rent recently increased to $650/month - 12 month lease. CAP RATE: 5.8%. Tile throughout with carpet in bedrooms. Each unit has a separate fenced backyard. Photos are from Unit 3.

Last Agent to Sell the Property

Marcia Canady

EntreHOM Fine Properties License #BR635529000 Listed on: 08/11/2018

Last Buyer's Agent

Sandra Martinez

HomeSmart License #SA678870000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $847

Year Built

  • Built in 1982

Lot Details

  • 9,104

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Salk Elementary School
  • Fremont Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 141-60-002

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9104
  • Granite Reef Vista 1 Subdivision

Building Details

  • Operating Expense $8,981
  • Gross Income $23,400
  • Net Operating Income $14,419

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$847

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 64th St & Avalon
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: GRANITE REEF VISTA 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Other (See Remarks)24: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 1450.0
  • Annual Water Sewer Expense: 2651.0

Schools

  • Elementary School: Salk Elementary School
  • High School: Red Mountain High School
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Lot Size: 9104
  • Additional Parcels: No
  • Parcel #: 141-60-002

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 23400.0
  • Insurance Expense: 1002.0
  • Maintenance Expense: 1161.0
  • Property Net Operating Income: 14419.0
  • Annual Operating Expense: 8981.0

Tax Info

  • Tax Annual Amount: 847.0
  • Tax Block: 1
  • Tax Book Number: 141.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2018
Closed on
Aug 29, 2018
Sold by
Canady Carolyne Jane and Chalupnik Carolyn J
Bought by
Martinez Jorge and Martinez Maria
Seller's Agent
Marcia Canady
EntreHOM Fine Properties
Buyer's Agent
Sandra Martinez
HomeSmart
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$470,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,391
Avg. Annual Appreciation
8.96%
Original Mortgage
$187,500
Outstanding Balance
$162,156
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$308,235

Purchase Details

Closed on
Jun 27, 2018
Sold by
Chalupnik Robert W
Bought by
Canady Carolyne Jane

Purchase Details

Closed on
Oct 5, 2005
Sold by
Chalupnik Carolyne J
Bought by
Chalupnik Robert W and Chalupnik Carolyne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2004
Sold by
Chalupnik Robert
Bought by
Chalupnik Carolyne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 1999
Sold by
Cochran Phyllis M
Bought by
Debeaux Carolyne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,961
Interest Rate
6.78%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martinez Jorge $250,000 Driggs Title Agency Inc
Canady Carolyne Jane -- Accommodation
Chalupnik Robert W -- Fidelity National Title
Chalupnik Carolyne J -- Lawyers Title Ins
Debeaux Carolyne J $127,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Jorge $187,500
Previous Owner Chalupnik Robert W $185,500
Previous Owner Chalupnik Carolyne J $152,000
Previous Owner Debeaux Carolyne J $125,961
Closed Chalupnik Carolyne J $28,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2018 09/05/18 Sold $250,000 0.0% $99 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
08/11/2018 08/11/18 For Sale $250,000 -- $99 / 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 $1,003 $11,126 -- --
2024 $1,015 $10,596 -- --
2023 $1,015 $35,370 $7,070 $28,300
2022 $991 $27,030 $5,400 $21,630
2021 $989 $24,080 $4,810 $19,270
2020 $981 $22,610 $4,520 $18,090
2019 $909 $18,230 $3,640 $14,590
2018 $886 $17,680 $3,530 $14,150
2017 $856 $16,020 $3,200 $12,820
2016 $838 $14,220 $2,840 $11,380
2015 $783 $11,470 $2,290 $9,180
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5805730

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-60-002