Seller's Agent in 2012
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
12 in this area
111 Total Sales
3402 E Polk St Phoenix, AZ 85008
Central City NeighborhoodEstimated Value: $305,378 - $357,000
2
Beds
1
Bath
1,292
Sq Ft
$254/Sq Ft
Est. Value
Highlights
- No HOA
- Tile Flooring
- 1-Story Property
- Phoenix Coding Academy Rated A
- Heating Available
About This Home
As of May 2012Attention Investors! Very big lot Ready for RV/Toys/Boat. Newly remodeled! New Fence. Built in Entertainment Center, new paint on the inside and out, great tile floors, all appliances included, new landscaping. Tenants' Rights prevail. No sign or lockbox on property. Leased till Sept 2012 for $500/mo. This property will bring in total rents of $6000 less 5% vacancy of -$300 per year so $5,700 adjusted gross income. Then after projected expenses of $1,859 the amount an investor would pocket is $3,841 per year based on pro forma. This is a 8.54% CAP Rate.
Last Agent to Sell the Property
Gerchick Real Estate License #BR114848000 Listed on: 07/28/2011
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $360
Year Built
- Built in 1948
Lot Details
- 8,538 Sq Ft Lot
- Desert faces the front and back of the property
- Chain Link Fence
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- 1,292 Sq Ft Home
- 1-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Refrigerated Cooling System
- Heating Available
Community Details
- No Home Owners Association
- Association fees include no fees
- Sunbeam Subdivision
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 121-16-080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 28, 2011
Closed on
May 11, 2012
Sold by
Berg Johnson Rental Properties Llc
Bought by
Hernandez Jesus and Hernandez Maria Jaime
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Margarita Canisales
Realty ONE Group
List Price
$70,000
Sold Price
$42,000
Premium/Discount to List
-$28,000
-40%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,095
Avg. Annual Appreciation
16.21%
Purchase Details
Closed on
Dec 23, 2009
Sold by
Appb Management Llc
Bought by
Berg Johnson Rentalproperties Llc
Purchase Details
Closed on
May 14, 2009
Sold by
Ib Property Holdings Llc
Bought by
Appb Management Llc
Purchase Details
Closed on
Jan 16, 2008
Sold by
Salas Guadalupe
Bought by
Ib Property Holdings Llc
Purchase Details
Closed on
Oct 5, 2004
Sold by
Fernandez Fernando
Bought by
Salas Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
9.1%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 27, 2001
Sold by
Fernandez Graciela
Bought by
Fernandez Fernando
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hernandez Jesus | $42,000 | Clear Title Agency Of Arizon | |
| Berg Johnson Rentalproperties Llc | -- | None Available | |
| Appb Management Llc | $29,000 | Chicago Title | |
| Ib Property Holdings Llc | $108,900 | None Available | |
| Salas Guadalupe | $115,000 | Grand Canyon Title Agency In | |
| Fernandez Fernando | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Salas Guadalupe | $97,750 | |
| Closed | Salas Guadalupe | $17,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2012 05/17/12 | Sold | $42,000 | -6.7% | $33 / Sq Ft |
| 05/08/2012 05/08/12 | Pending | -- | -- | -- |
| 01/16/2012 01/16/12 | Price Changed | $45,000 | -40.0% | $35 / Sq Ft |
| 10/06/2011 10/06/11 | Price Changed | $75,000 | +7.1% | $58 / Sq Ft |
| 07/28/2011 07/28/11 | For Sale | $70,000 | -- | $54 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $672 | $5,264 | -- | -- |
| 2024 | $626 | $5,013 | -- | -- |
| 2023 | $626 | $21,560 | $4,310 | $17,250 |
| 2022 | $604 | $16,900 | $3,380 | $13,520 |
| 2021 | $614 | $14,850 | $2,970 | $11,880 |
| 2020 | $602 | $13,960 | $2,790 | $11,170 |
| 2019 | $600 | $11,230 | $2,240 | $8,990 |
| 2018 | $565 | $10,680 | $2,130 | $8,550 |
| 2017 | $542 | $8,220 | $1,640 | $6,580 |
| 2016 | $530 | $7,300 | $1,460 | $5,840 |
| 2015 | $497 | $5,050 | $1,010 | $4,040 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Gerchick
-
Patrick O'Sullivan
Seller Co-Listing Agent in 2012
Patrick O'Sullivan
Get Multifamily
(602) 842-5050
5 in this area
29 Total Sales
-
Margarita Canisales
M
Buyer's Agent in 2012
Margarita Canisales
Realty One Group
(602) 620-7253
1 in this area
15 Total Sales
-
M
Buyer's Agent in 2012
Margarita Rodriguez
Coldwell Banker Success Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4625323
APN: 121-16-080
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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