NOT LISTED FOR SALE

Estimated Value: $657,154

-- Bed
-- Bath
2,695 Sq Ft
$244/Sq Ft Est. Value

Last Sold July 19, 2018

Last sale price $290,000 $108 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,775/month

55 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of July 2018

Motivated Seller Bring all offers!!! 3-4 plexes available. 3402-3427 and 3434 E Willetta st. Great cash flow with room to raise rents. Buyer to verify all MLS info

Last Listed By

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 05/24/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1954

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Wilson Elementary School - Phoenix
  • Gateway Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot C
  • Assessor Parcel Number 121-03-015-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11152

Building Details

  • Operating Expense $9,534
  • Gross Income $33,060
  • Net Operating Income $23,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,034

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 32nd St and E McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2018
  • Directions: From McDowell Rd take 32nd St S to Willetta St Turn Left, Take Willetta past 34th St
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Slump Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • 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
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Wilson Elementary School - Phoenix
  • High School: Camelback High School
  • Middle Or Junior School: Gateway School

Lot Info

  • Lot Size: 11152
  • Additional Parcels: Yes
  • Parcel #: 121-03-015-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 500.0
  • Annual Gross Income: 33060.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 23526.0
  • Annual Operating Expense: 9534.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1034.0
  • Tax Book Number: 121.00
  • Tax Lot: C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2022
Sold by
Bradt Riley C
Bought by
Bradt Riley C and Bradt Vina C
Total Days on Market
55
Current Estimated Value
$657,154

Purchase Details

Closed on
Mar 19, 2022
Sold by
Bradt Riley C
Bought by
Bradt Riley C and Bradt Vina C

Purchase Details

Listed on
May 24, 2018
Closed on
Jul 12, 2018
Sold by
Loera Management Enterprises Llc
Bought by
Bradt Riley C and First American Investment Co
Seller's Agent
Andrew Williams
Synchronicity Realty
Buyer's Agent
Andrew Williams
Synchronicity Realty
List Price
$319,000
Sold Price
$290,000
Premium/Discount to List
-$29,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.76%

Purchase Details

Listed on
Apr 1, 2018
Closed on
Mar 16, 2018
Sold by
Homerun Transactions Llc
Bought by
Loera Management Enterprises Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$265,000
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.41%
Original Mortgage
$39,000
Interest Rate
4.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 25, 2014
Sold by
Alligator Monster Llc
Bought by
Hb Willetta Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 5, 2013
Sold by
Sotelo Antonio and Sotelo Laura
Bought by
Alligator Monster Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 30, 2006
Sold by
Sotelo Antonio and Sotelo Laura
Bought by
Walla Properties Llc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Atteberry Paul R
Bought by
Sotelo Antonio and Sotelo Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2000
Sold by
Joel Darrell E and Joel Shirley T
Bought by
Atteberry Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
8.53%

Purchase Details

Closed on
Feb 24, 1997
Sold by
Medina Maruja V
Bought by
Joel Darrell E and Joel Shirley T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
7.86%
Mortgage Type
Seller Take Back

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
Bradt Riley C -- Fedora Legal Services
Bradt Riley C -- Fedora Legal Services
Bradt Riley C $290,000 Security Title Agency Inc
Loera Management Enterprises Llc $856,000 Security Title Agency Inc
Homerun Transactions Llc $795,000 Security Title Agency Inc
Hb Willetta Llc $388,905 Old Republic Title Agency
Alligator Monster Llc $104,800 None Available
Walla Properties Llc -- None Available
Sotelo Antonio $160,000 Capital Title Agency Inc
Atteberry Paul R $130,000 Arizona Title Agency Inc
Joel Darrell E $98,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loera Management Enterprises Llc $39,000
Previous Owner Loera Management Enterprises Llc $765,000
Previous Owner Loera Management Enterprises Llc $765,000
Previous Owner Hb Willetta Llc $5,000,000
Previous Owner Alligator Monster Llc $388,905
Previous Owner Alligator Monster Llc $100,000
Previous Owner Sotelo Antonio $147,000
Previous Owner Sotelo Antonio $144,000
Previous Owner Atteberry Paul R $110,500
Previous Owner Joel Darrell E $78,400
Closed Joel Darrell E $9,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2018 07/19/18 Sold $290,000 -9.1% $108 / Sq Ft
05/23/2018 05/23/18 For Sale $319,000 +20.4% $118 / Sq Ft
03/20/2018 03/20/18 Sold $265,000 0.0% $98 / Sq Ft
03/19/2018 03/19/18 For Sale $265,000 -- $98 / 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 $1,165 $8,962 -- --
2024 $1,152 $8,536 -- --
2023 $1,152 $43,560 $8,710 $34,850
2022 $1,106 $31,310 $6,260 $25,050
2021 $1,133 $25,480 $5,090 $20,390
2020 $1,106 $20,960 $4,190 $16,770
2019 $1,098 $16,510 $3,300 $13,210
2018 $1,075 $13,160 $2,630 $10,530
2017 $1,034 $13,880 $2,770 $11,110
2016 $994 $11,230 $2,240 $8,990
2015 $925 $9,000 $1,800 $7,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5770312

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-03-015C