$265,000
SOLD MAR 20, 2018
-- Bed
-- Bath
2,695 Sq Ft
0.26 Acres

Recently Sold

$98 Per Sq Ft

Highlights

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

About This Home

As of July 2018

This group of 3-4 plexes were sold prior to MLS exposure. Added for comp purposes only.

Addresses were 3402-3427 and 3434 E Willetta.
Rents were $750 for 2/1's; +/-$650 for the 1/1's.

Total bulk/ wholesale price was $795K As Is. Needed work.


Buyer/appraiser's to verify all information.
8-2/1's and 4-1/1's.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/01/2018

Last Buyer's Agent

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1954

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof

Parking

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

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 Block 2001
  • Assessor Parcel Number 121-03-015-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11152

Building Details

  • Operating Expense $23,184
  • Gross Income $93,096
  • Net Operating Income $69,081

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: 2017
  • Directions: From McDowell Rd take 32nd St S to Willetta St Turn Left, Take Willetta past 34th St Fourplex will be on The Left (North) side
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7850.0
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 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

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7800.0

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
  • Annual Gross Income: 93096.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 69081.0
  • Annual Operating Expense: 23184.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1034.0
  • Tax Block: 2001
  • Tax Book Number: 121.00
  • Tax Lot: N/A

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
Current Estimated Value
$697,139

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
13.82%

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
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 Type Sale Price Title Company
Quit Claim Deed -- Fedora Legal Services
Quit Claim Deed -- Fedora Legal Services
Warranty Deed $290,000 Security Title Agency Inc
Warranty Deed $856,000 Security Title Agency Inc
Warranty Deed $795,000 Security Title Agency Inc
Cash Sale Deed $388,905 Old Republic Title Agency
Trustee Deed $104,800 None Available
Warranty Deed -- None Available
Warranty Deed $160,000 Capital Title Agency Inc
Warranty Deed $130,000 Arizona Title Agency Inc
Warranty Deed $98,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,000 Unknown
Previous Owner $765,000 Commercial
Previous Owner $765,000 Commercial
Previous Owner $5,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $388,905 Stand Alone Refi Refinance Of Original Loan
Previous Owner $100,000 Unknown
Previous Owner $147,000 Fannie Mae Freddie Mac
Previous Owner $144,000 Purchase Money Mortgage
Previous Owner $110,500 No Value Available
Previous Owner $78,400 Seller Take Back
Closed $9,800 No Value Available
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: 5745111

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-03-015C