NOT LISTED FOR SALE

Estimated Value: $384,000 - $563,000

8 Beds
4 Baths
700 Sq Ft
$695/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $299,000 $427 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,643/month

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of April 2020

PROPERTY MUST BE SOLD TOGETHER WITH 3442 E. MELVIN ST.(ADJACENT), MAKING A TOTAL OF 7 UNITS (4 BUILDINGS). 2 PARCELS ALLOWS FOR RESIDENTIAL FINANCING. THIS PROPERTY IS IN A HIGHLY DESIRED LOCATION NEAR MAJOR TRANSPORTATION CORRIDORS INCLUDING THE SR-143, LOOP 202, AND SR-51 FREEWAYS AS WELL AS THE METRO LIGHT RAIL! NEW ROOFS, NEW A/C UNITS, UPDATED PLUMBING AND ELECTRICAL, NEW WINDOWS, ALL NEW TILE FLOORS, NEW KITCHENS AND BATHROOMS ETC. PROPERTY IS TURNKEY AND MANAGEMENT WILL STAY IN PLACE. do not disturb tenants, inspection subject to contract. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000 Listed on: 03/19/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Heather Piccirillo

West USA Realty License #SA668509000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $730

Year Built

  • Built in 1947

Lot Details

  • 8,581

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Legal Lot and Block 12 / 23
  • Assessor Parcel Number 121-16-091

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR
  • Sunbeam 1 Blk 15, 16, 21, 22 Subdivision

Building Details

  • Operating Expense $15,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$730

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: VAN BUREN & 35TH ST.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M/MF
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: SUNBEAM 1 BLK 15, 16, 21, 22
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Individual
  • Heating: Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 2250.0
  • Annual Water Sewer Expense: 5199.0

Schools

  • High School: North High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 121-16-091

Multi Family

  • Owner Pays: See Remarks, Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 6500.0
  • Insurance Expense: 1300.0
  • Annual Operating Expense: 15979.0

Tax Info

  • Tax Annual Amount: 730.0
  • Tax Block: 23
  • Tax Book Number: 121.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
Pruett and Kelly
Bought by
Melvin Street Property Management Llc
Current Estimated Value
$486,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$245,073
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$295,287

Purchase Details

Closed on
Mar 25, 2022
Sold by
Joe Ducharme Trust
Bought by
Pruett Toby and Pruett Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$245,073
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$295,287

Purchase Details

Listed on
Mar 19, 2020
Closed on
Apr 20, 2020
Sold by
Donelli David A
Bought by
Ducharme Joe and The Joe Ducharme Trust
Seller's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Heather Piccirillo
West USA Realty
List Price
$299,900
Sold Price
$299,000
Premium/Discount to List
-$900
-0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.54%

Purchase Details

Closed on
Jan 31, 2018
Sold by
Prime Value Melvin 7 Llc
Bought by
Donelli David A

Purchase Details

Closed on
May 17, 2016
Sold by
Prime Value Partners Llc
Bought by
Prime Value Melvin 7 Llc

Purchase Details

Closed on
Aug 31, 2015
Sold by
Entitlement Holdings Llc
Bought by
Prime Value 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
$120,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 8, 2010
Sold by
Ferring Russell T and Ferring Kathleen
Bought by
Donato Ashley

Purchase Details

Closed on
May 26, 2010
Sold by
Casitas Usa Llc
Bought by
Ferring Russell T and Ferring Kathleen

Purchase Details

Closed on
May 20, 2010
Sold by
Bankunited
Bought by
Casitas Usa Llc

Purchase Details

Closed on
Oct 28, 2009
Sold by
Villagrana Jesus and Villagrana Araceli
Bought by
Bank United

Purchase Details

Closed on
Dec 19, 2006
Sold by
Valdez Jose C and Valdez Griselda
Bought by
Villagrana Jesus and Villagrana Araceli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,650
Interest Rate
9.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2005
Sold by
Valdes Jose C
Bought by
Valdes Jose C and Valdes Griselda

Purchase Details

Closed on
Dec 22, 2004
Sold by
Valdes Griselda
Bought by
Valdes Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,001
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2003
Sold by
Valdes Jose C
Bought by
Valdes Jose C and Valdes Griselda

Purchase Details

Closed on
May 8, 2003
Sold by
Valdes Griselda
Bought by
Valdes Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
8.1%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Melvin Street Property Management Llc -- --
Pruett Toby $345,000 Chicago Title
Ducharme Joe $620,000 Chicago Title Agency
Donelli David A $160,000 Chicago Title Agency Inc
Prime Value Melvin 7 Llc -- Chicago Title Agency Inc
Prime Value Melvin 7 Llc -- Chicago Title Agency Inc
Prime Value Melvin 7 Llc -- None Available
Prime Value Partners Llc $172,000 First American Title Ins Co
Donato Ashley $170,000 Chicago Title
Ferring Russell T -- Accommodation
Casitas Usa Llc $28,000 Great American Title Agency
Bank United $78,500 Great American Title Agency
Villagrana Jesus $235,200 Chicago Title Insurance Co
Valdes Jose C -- --
Valdes Jose C -- Security Title Agency Inc
Valdes Jose C -- --
Valdes Jose C -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pruett Toby $258,750
Previous Owner Prime Value Partners Llc $120,000
Previous Owner Villagrana Jesus $211,650
Previous Owner Valdes Jose C $148,001
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $299,000 -0.3% $427 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $299,900 -- $428 / 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 $769 $6,401 -- --
2024 $761 $6,096 -- --
2023 $761 $29,260 $5,850 $23,410
2022 $734 $21,470 $4,290 $17,180
2021 $746 $17,820 $3,560 $14,260
2020 $732 $14,730 $2,940 $11,790
2019 $730 $11,800 $2,360 $9,440
2018 $687 $9,530 $1,900 $7,630
2017 $658 $9,520 $1,900 $7,620
2016 $644 $7,500 $1,500 $6,000
2015 $605 $5,950 $1,190 $4,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6053287

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-16-091