NOT LISTED FOR SALE

Estimated Value: $513,539 - $1,356,000

Studio
-- Bath
2,540 Sq Ft
$378/Sq Ft Est. Value

Last Sold August 15, 2013

Last sale price $222,500 $88 Per Sq Ft

Est. 331% increase in value since last sale

Current estimated payment $5,170/month

130 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of August 2013

Back on Market - Buyer unable to perform. Location, Location, Location - Income producing 1975 block contructed tri-plex on an irrigated corner lot in the sought after Arcadia Lite area. All units have remodeled kitchens & baths. Easy to maintain tile floors throughout each unit. Ceiling fans in each unit. Triplex includes one - 3 bed, 2 bath, One - 2-bed, 1 bath, and one - 1 bed, 1 bath. The 3 bedroom and the 1 bedroom have long term tenants. Exterior repainted 2 yrs. ago. All units & laundry rm have new water heaters. New roof - 2010. New A/C on 2 bedroom, 1 bedroom A/C 3 yrs. old. Fenced grass area with orange & grapefruit trees. Seller will possibly carry. Lots of opportunities.

Last Agent to Sell the Property

Linda Boatwright

SERHANT. License #SA025067000 Listed on: 03/09/2013

SERHANT.

Co-Listed By

Christopher Paul

Realty ONE Group License #BR526805000

Last Buyer's Agent

Aaron Cericola

Best Homes Real Estate License #SA640717000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 1975

Lot Details

  • 7,405

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 4 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 189
  • Assessor Parcel Number 127-30-017-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7423
  • West Citrus Acres Subdivision

Building Details

  • Operating Expense $5,995
  • Net Operating Income $19,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,170

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: 32nd Street and Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2012
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: praz10
  • Co List Office Phone: 602-288-4400
  • Subdivision Name: West Citrus Acres
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual, Central A/C
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2600.0

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 7423
  • Additional Parcels: No
  • Parcel #: 127-30-017-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 463.0
  • Insurance Expense: 1042.0
  • Property Net Operating Income: 19055.0
  • Annual Operating Expense: 5994.54
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1169.54
  • Tax Book Number: 127.00
  • Tax Lot: 189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2013
Closed on
Jul 16, 2013
Sold by
B & D Carson Properties Llc
Bought by
Freeman Mark Howard
Seller's Agent
Linda Boatwright
SERHANT.
Buyer's Agent
Aaron Cericola
Best Homes Real Estate
List Price
$255,000
Sold Price
$222,500
Premium/Discount to List
-$32,500
-12.75%
Current Estimated Value
$959,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$736,885
Avg. Annual Appreciation
12.48%

Purchase Details

Closed on
Oct 13, 2010
Sold by
Carson Billy J and Carson Debra A
Bought by
B & D Carson Properties Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Vasquez Margaret G
Bought by
Carson Billy J and Carson Debra A

Purchase Details

Closed on
Apr 10, 2009
Sold by
Vasquez Ernest O
Bought by
Vasquez Margaret G

Purchase Details

Closed on
Dec 9, 2008
Sold by
Aurora Loan Services Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 3, 2008
Sold by
Rodriguez Javier G
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 14, 2008
Sold by
Aurora Loan Servicesllc
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 18, 2005
Sold by
Ford Jill
Bought by
Rodriguez Javier G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 13, 2005
Sold by
Rodriguez Eugenia
Bought by
Rodriguez Javier G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 26, 1996
Sold by
Edens Albert Thompson and Edens Verlee Ann
Bought by
Ocampo Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,753
Interest Rate
8.42%
Mortgage Type
FHA
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
Freeman Mark Howard $222,500 First American Title Ins Co
B & D Carson Properties Llc -- None Available
Carson Billy J $162,000 Equity Title Agency Inc
Vasquez Margaret G -- First American Title Ins Co
Vasquez Margaret G $99,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation -- None Available
Aurora Loan Services Llc $163,379 Accommodation
Federal Home Loan Mortgage Corp -- First American Title Co
Rodriguez Javier G $210,000 --
Rodriguez Javier G -- Arizona Title Agency Inc
Ocampo Samuel $90,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Javier G $189,000
Previous Owner Ocampo Samuel $88,753
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2013 08/15/13 Sold $222,500 -12.7% $88 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
03/09/2013 03/09/13 For Sale $255,000 -- $100 / 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 $1,837 $13,597 -- --
2024 $1,747 $12,950 -- --
2023 $1,747 $50,770 $10,150 $40,620
2022 $1,679 $37,000 $7,400 $29,600
2021 $1,720 $34,670 $6,930 $27,740
2020 $1,678 $30,070 $6,010 $24,060
2019 $1,666 $24,460 $4,890 $19,570
2018 $1,632 $21,420 $4,280 $17,140
2017 $1,569 $18,700 $3,740 $14,960
2016 $1,508 $15,470 $3,090 $12,380
2015 $1,403 $13,400 $2,680 $10,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4902301

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-30-017B