NOT LISTED FOR SALE

Estimated Value: $373,000 - $664,811

5 Beds
1 Bath
576 Sq Ft
$1,001/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $492,000 $854 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,146/month

57 Days on Market

Highlights

  • RV or Boat Parking
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of February 2021

BACK ON MARKET - LENDER COULDN'T PERFORM!Amazing 3-unit complex in central Phoenix! Investor or owner-occupant dream! Cash cow rentals with a 3-bedroom, 2-bath main house and fully rented 1-bedroom/1-bath duplex units at south of lot. Main house has been been remodeled with contemporary finishes. New counters, flooring, tile, bathrooms, SS appliances, fans & lighting, landscaping, roofing, paint in and out, inside laundry with new washer/dryer, and much, much more! Duplex units each have tile throughout, some upgrades, new appliances in unit 1. Electric and gas separate meters. Central A/C main house, window units duplex units. Best location near schools, freeways, shopping, transportation. Plenty of parking. Main house is also available for rent. Listing agent is related to owner

Last Agent to Sell the Property

Katherine Eauslin

5 Stone Realty Group License #BR586231000 Listed on: 11/11/2020

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1956

Lot Details

  • 10,324

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • RV or Boat Parking

Schools

  • Creighton Elementary School
  • Papago Middle School
  • Camelback High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 120-15-020-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 86 X 120
  • Seven Oaks Subdivision

Building Details

  • Operating Expense $3,834
  • Gross Income $38,076
  • Net Operating Income $34,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,434

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 36th Street and Oak
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: SEVEN OAKS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: RV/Boat Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Window/Wall Unit, Electric, Central A/C, 2 or More Units
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • 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
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Papago School

Lot Info

  • Lot Size: 86 X 120
  • Additional Parcels: No
  • Parcel #: 120-15-020-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 38076.0
  • Property Net Operating Income: 34176.0
  • Annual Operating Expense: 3834.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1434.0
  • Tax Book Number: 120.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Feb 10, 2021
Sold by
Lee Theodore and Lee Natalie
Bought by
Kaikoa Properties Llc
Seller's Agent
Katherine Eauslin
5 Stone Realty Group
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$499,900
Sold Price
$492,000
Premium/Discount to List
-$7,900
-1.58%
Current Estimated Value
$576,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,453
Avg. Annual Appreciation
3.30%
Original Mortgage
$369,000
Outstanding Balance
$329,744
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$246,709

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jan 26, 2021
Sold by
Exhalted Llc
Bought by
Lee Theodore and Lee Natalie
Seller's Agent
Katherine Eauslin
5 Stone Realty Group
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$499,900
Sold Price
$492,000
Premium/Discount to List
-$7,900
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Outstanding Balance
$329,744
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$246,709

Purchase Details

Listed on
Jun 14, 2013
Closed on
Jul 31, 2013
Sold by
Roi Properties Investments Limited Partn
Bought by
Exhalted Llc
Seller's Agent
Daleena Popham
True North Realty LLC
Buyer's Agent
Katherine Eauslin
5 Stone Realty Group
List Price
$179,000
Sold Price
$163,500
Premium/Discount to List
-$15,500
-8.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.75%
Original Mortgage
$104,032
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 14, 2013
Closed on
Jul 24, 2013
Sold by
Kent Gupta Arvinder
Bought by
Gupta Paul
Seller's Agent
Daleena Popham
True North Realty LLC
Buyer's Agent
Katherine Eauslin
5 Stone Realty Group
List Price
$179,000
Sold Price
$163,500
Premium/Discount to List
-$15,500
-8.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,032
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2012
Sold by
Gupta Paul
Bought by
Roi Properties Investments Limited Partn

Purchase Details

Listed on
May 18, 2012
Closed on
Sep 25, 2012
Sold by
Federal National Mortgage Association
Bought by
Gupta Paul
Seller's Agent
James Kearns
HomeSmart
Buyer's Agent
Daleena Popham
True North Realty LLC
List Price
$159,500
Sold Price
$109,000
Premium/Discount to List
-$50,500
-31.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%

Purchase Details

Closed on
Mar 15, 2012
Sold by
Romney Emma Schwab and Romney Carl G
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 24, 2008
Sold by
Romney Emma Schwab
Bought by
Romney Emma Schwab and Romney Revocable Living Trust

Purchase Details

Closed on
Sep 21, 2006
Sold by
Romney Emma Schwab and Romney Revocable Living Trust
Bought by
Schwab Romney Carl G and Schwab Romeny Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kaikoa Properties Llc -- Accommodation
Lee Theodore $492,000 Premier Title Agency
Exhalted Llc $163,500 Driggs Title Agency Inc
Gupta Paul -- Driggs Title Agency Inc
Roi Properties Investments Limited Partn -- Security Title Agency
Gupta Paul $109,000 Security Title Agency
Federal National Mortgage Association $111,229 Great American Title Agency
Romney Emma Schwab -- None Available
Romney Emma Schwab -- None Available
Schwab Romney Carl G -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Theodore $369,000
Previous Owner Exhalted Llc $104,032
Previous Owner Schwab Romney Carl G $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2021 02/17/21 Sold $492,000 -1.4% $854 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
01/01/2021 01/01/21 Price Changed $499,000 -0.2% $866 / Sq Ft
12/26/2020 12/26/20 For Sale $499,900 0.0% $868 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $499,900 +205.7% $868 / Sq Ft
08/09/2013 08/09/13 Sold $163,500 -8.7% $284 / Sq Ft View Prior Sale
06/29/2013 06/29/13 Pending -- -- --
06/14/2013 06/14/13 For Sale $179,000 +64.2% $311 / Sq Ft
09/28/2012 09/28/12 Sold $109,000 -31.7% $189 / Sq Ft View Prior Sale
09/19/2012 09/19/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $159,500 -- $277 / 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 $1,569 $11,617 -- --
2024 $1,493 $11,064 -- --
2023 $1,493 $41,100 $8,220 $32,880
2022 $1,434 $29,710 $5,940 $23,770
2021 $1,469 $25,100 $5,020 $20,080
2020 $1,434 $20,520 $4,100 $16,420
2019 $1,423 $17,910 $3,580 $14,330
2018 $1,394 $16,600 $3,320 $13,280
2017 $1,340 $14,620 $2,920 $11,700
2016 $1,288 $12,630 $2,520 $10,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6159048

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-15-020A