NOT LISTED FOR SALE

Estimated Value: $476,000 - $1,063,000

Studio
-- Bath
1,440 Sq Ft
$591/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $1,375,000 $955 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $4,552/month

17 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of April 2021

Do not enter the property and disturb tenants

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 01/11/2021

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 01/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,698

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot c
  • Assessor Parcel Number 127-24-033-C

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 239.84 X 67.03

Building Details

  • Operating Expense $20,270
  • Gross Income $99,348
  • Net Operating Income $79,078

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,698

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3.
  • Number Of Buildings: 3
  • Year Built: 1963
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5622.0
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size: 239.84 X 67.03
  • Additional Parcels: Yes
  • Parcel #: 127-24-033-C

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 7
  • Electric Expense: 3200.0
  • Annual Gross Income: 99348.48
  • Insurance Expense: 1400.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 79078.48
  • Annual Operating Expense: 20270.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1698.0
  • Tax Book Number: 127.00
  • Tax Lot: c

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Feb 22, 2021
Sold by
Valcam 1 Llc
Bought by
Hff2 Llc
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$1,330,000
Sold Price
$1,375,000
Premium/Discount to List
$45,000
3.38%
Current Estimated Value
$851,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$523,333
Avg. Annual Appreciation
-9.54%
Original Mortgage
$467,876
Outstanding Balance
$346,498
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$505,169

Purchase Details

Listed on
Nov 8, 2018
Closed on
Dec 17, 2018
Sold by
Maynard Jason
Bought by
Cameron 4 Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$799,000
Sold Price
$755,000
Premium/Discount to List
-$44,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.92%
Original Mortgage
$708,500
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 8, 2018
Closed on
Dec 4, 2018
Sold by
Valleau Arlene N
Bought by
Valleau Peter
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$799,000
Sold Price
$755,000
Premium/Discount to List
-$44,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,500
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2017
Sold by
Sonza Llc
Bought by
Maynard Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2007
Sold by
Policrisi Antonio
Bought by
Sonza Llc

Purchase Details

Closed on
Mar 1, 2006
Sold by
Kosak Nivea
Bought by
Policrisi Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.86%
Mortgage Type
Purchase Money Mortgage
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
Hff2 Llc $1,375,000 None Available
Cameron 4 Llc $755,000 Chicago Title Agency Inc
Valleau Peter -- Chicago Title Agency Inc
Maynard Jason $225,000 Lawyers Title Of Arizona Inc
Sonza Llc -- None Available
Policrisi Antonio $180,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hff2 Llc $467,876
Previous Owner Cameron 4 Llc $708,500
Previous Owner Maynard Jason $157,500
Previous Owner Policrisi Antonio $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $1,375,000 -1.4% $955 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $1,395,000 +4.9% $969 / Sq Ft
01/11/2021 01/11/21 For Sale $1,330,000 +76.2% $924 / Sq Ft
12/22/2018 12/22/18 Sold $755,000 -5.5% $524 / Sq Ft View Prior Sale
11/09/2018 11/09/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $799,000 -- $555 / 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 $1,183 $8,761 -- --
2024 $1,126 $8,344 -- --
2023 $1,126 $36,860 $7,370 $29,490
2022 $1,082 $27,710 $5,540 $22,170
2021 $1,108 $26,600 $5,320 $21,280
2020 $1,081 $19,900 $3,980 $15,920
2019 $1,073 $15,810 $3,160 $12,650
2018 $1,051 $13,750 $2,750 $11,000
2017 $1,011 $12,030 $2,400 $9,630
2016 $972 $9,820 $1,960 $7,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6179523

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-24-033D