NOT LISTED FOR SALE

Estimated Value: $742,000 - $1,644,237

4 Beds
-- Bath
2,640 Sq Ft
$490/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $1,150,000 $436 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,934/month

20 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of December 2021

The Earll is a fantastic turnkey four-plex opportunity located in the heart of Arcadia Lite. The property consists of (2) 1 bed / 1 bath units averaging $1,295 rents and (2) 2 bed / 1 bath units averaging $1,475 rents.
The property is fully turnkey with in-suite washer / dryer, new kitchens, flooring, bathroom and roof, electrical panels and more. One of the 2 bed / 1 bath units is lightly renovated with no in-suite washer / dryer. The amenities include ample covered and uncovered parking and an on-site laundry facility.

Last Agent to Sell the Property

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 10/21/2021

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 10/21/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,959

Year Built

  • Built in 1973

Lot Details

  • 8,625

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 189
  • Assessor Parcel Number 127-30-017-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,624

Building Details

  • Operating Expense $1,959
  • Gross Income $65,000
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,959

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 8,624
  • Additional Parcels: No
  • Parcel #: 127-30-017-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 65000.0
  • Property Net Operating Income: 55000.0
  • Annual Operating Expense: 1959.0

Tax Info

  • Tax Annual Amount: 1959.0
  • Tax Book Number: 127.00
  • Tax Lot: 189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2024
Sold by
Azrei Llc
Bought by
Value Creation Llc
Current Estimated Value
$1,292,809

Purchase Details

Closed on
Jan 29, 2024
Sold by
Value Creation Llc
Bought by
Azrei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,335
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 21, 2021
Closed on
Jan 3, 2022
Sold by
William Dubiel
Bought by
3429 E Earll Llc
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$920,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 22, 2021
Sold by
Helgeson Timothy and Helgeson Rachel
Bought by
Dubiel William
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 20, 2021
Sold by
Wei Hungru
Bought by
Dubiel William
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2021
Sold by
Mec Arizona Llc
Bought by
Helgeson Timothy and Helgeson Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2016
Sold by
Day Jewel
Bought by
Mec Arizona Llc

Purchase Details

Closed on
Dec 8, 2015
Sold by
Herz Nathaniel Stephen
Bought by
Day Jewel

Purchase Details

Closed on
May 4, 2012
Sold by
Biltmore Capital Partners Llc
Bought by
Herz Nathaniel Stephen

Purchase Details

Closed on
Jul 28, 2004
Sold by
Herz Nathaniel Steven
Bought by
Biltmore Capital Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,850
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2004
Sold by
Reyna Domenica
Bought by
Herz Nathaniel Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,850
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2000
Sold by
Borchard Christopher W
Bought by
Nunez Domenica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,950
Interest Rate
8.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 1999
Sold by
Williamson Noel A and Williamson Evelyn J
Bought by
Borchard Christopher W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
6.98%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Value Creation Llc -- None Listed On Document
Azrei Llc $1,500,000 Chicago Title
Value Creation Llc -- Chicago Title
3429 E Earll Llc -- New Title Company Name
Dubiel William $1,150,000 Thomas Title And Escrow Agcy
Dubiel William -- Thomas Title And Escrow Agcy
Helgeson Timothy $643,334 Chicago Title Agency Inc
Mec Arizona Llc -- None Available
Day Jewel $250,000 Security Title Agency Inc
Herz Nathaniel Stephen -- Security Title Agency Inc
Herz Nathaniel Stephen -- Security Title Agency Inc
Herz Nathaniel Stephen -- None Available
Biltmore Capital Partners Llc $223,000 --
Herz Nathaniel Steven $223,000 Guaranty Title Agency
Nunez Domenica $155,000 Fidelity National Title
Borchard Christopher W $112,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Azrei Llc $1,483,335
Previous Owner Dubiel William $920,000
Previous Owner Helgeson Timothy $482,500
Previous Owner Herz Nathaniel Steven $211,850
Previous Owner Nunez Domenica $153,950
Previous Owner Borchard Christopher W $100,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $1,150,000 -4.2% $436 / Sq Ft
10/20/2021 10/20/21 For Sale $1,200,000 -- $455 / 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 $2,092 $15,487 -- --
2024 $1,990 $14,750 -- --
2023 $1,990 $59,160 $11,830 $47,330
2022 $1,912 $42,350 $8,470 $33,880
2021 $1,959 $38,820 $7,760 $31,060
2020 $1,911 $32,850 $6,570 $26,280
2019 $1,898 $26,200 $5,240 $20,960
2018 $1,859 $22,910 $4,580 $18,330
2017 $1,787 $20,700 $4,140 $16,560
2016 $1,718 $17,250 $3,450 $13,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6310104

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-30-017D