NOT LISTED FOR SALE
1 Bed
1 Bath
650 Sq Ft
0.89 Acre Lot

Sale Details

Date Sold: December 12, 2016

Last sale price $900,000 $1,385 Per Sq Ft

34 Days on Market

Highlights

  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of December 2016

What an opportunity!
8 separate free standing single family homes on just under one acre of land in one of the fastest growing parts of Phoenix is now for sale!
There is plenty of extra land on the property to add additional structures or start from scratch.
Each house has a backyard with washer/dryer hook ups and storage. Rarely vacant and many tenants 3+ years. The ROI potential on this property is truly endless. Short walk to many popular restaurants & Bars such as Becketts Table, Dilly Dally, Sip, & Le Grande Orange. Madison Improvement Club, Sky Harbor Airport, & Camelback Mountain are all within close proximity as well.
Drive by only, please do not disturb tenants.

Last Agent to Sell the Property

Andrew Gregg

West USA Realty License #SA658242000 Listed on: 09/22/2016

West USA Realty

Last Buyer's Agent

Doreen Coutelin

Better Homes & Gardens Real Estate SJ Fowler License #SA652895000

Better Homes & Gardens Real Estate SJ Fowler
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,087

Year Built

  • Built in 1957

Lot Details

  • 0.89

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • On-Street Parking

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 175
  • Assessor Parcel Number 127-19-001-C

Community Details

Overview

  • 8 Buildings
  • 8 Units
  • Building Dimensions are 159.04' x 244'
  • North Citrus Acres Amd Subdivision

Building Details

  • Operating Expense $12,057
  • Gross Income $62,700
  • Net Operating Income $52,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,087

Year Built

Built in 1957

Lot Details

0.89 Acres

Listing Details

  • Cross Street: 38th street & Indian school
  • Property Type: Multiple Dwellings
  • Zoning: R3 Multi Family
  • Number Of Buildings: 8
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2015
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: NORTH CITRUS ACRES AMD
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

  • 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

Fee Information

  • Trash Expense: 2000.0
  • Annual Water Sewer Expense: 4000.0

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: 159.04' x 244'
  • Additional Parcels: No
  • Parcel #: 127-19-001-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 62700.0
  • Insurance Expense: 2970.0
  • Property Net Operating Income: 52730.0
  • Annual Operating Expense: 12057.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2087.0
  • Tax Book Number: 127.00
  • Tax Lot: 175

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Rhatigan Kevin J and Rhatigan Sharon
Bought by

Purchase Details

Listed on
Sep 22, 2016
Closed on
Dec 9, 2016
Sold by
Rhatigen Kevin J and Rhatigan Sharon
Bought by
3601 N 38Th Street Llc
Seller's Agent
Andrew Gregg
West USA Realty
Buyer's Agent
Doreen Coutelin
Better Homes & Gardens Real Estate SJ Fowler
List Price
$899,999
Sold Price
$900,000
Premium/Discount to List
$1
0.0%

Purchase Details

Closed on
May 25, 2005
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Rhatigan Kevin J and Rhatigan Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2002
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Shreck Ronald L and Shreck Karyl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.52%

Purchase Details

Closed on
Jun 14, 2000
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Shreck Ronald L and Shreck Karyl K

Purchase Details

Closed on
Apr 13, 2000
Sold by
Sabo John Frank
Bought by
Shreck Ronald L and Shreck Karyl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,350
Interest Rate
8.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 1998
Sold by
Garino Anthony and Garino Madelyn M
Bought by
Sabo John Frank
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
3601 N 38Th Street Llc $900,000 None Available
Rhatigan Kevin J $365,000 --
Rhatigan Kevin J $365,000 --
Shreck Ronald L -- Security Title Agency
Shreck Ronald L -- Security Title Agency
Shreck Ronald L -- --
Shreck Ronald L $161,500 North American Title Agency
Shreck Ronald L $161,500 North American Title Agency
Sabo John Frank $215,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $273,750
Previous Owner Shreck Ronald L $147,000
Previous Owner Shreck Ronald L $145,350
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/12/2016 12/12/16 Sold $900,000 0.0% $1,385 / Sq Ft
11/17/2016 11/17/16 For Sale $899,999 0.0% $1,385 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $899,999 -- $1,385 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,732 $20,225
2024 $2,599 $19,262
2023 $2,599 $102,910 $20,580 $82,330
2022 $2,497 $72,660 $14,530 $58,130
2021 $2,558 $68,370 $13,670 $54,700
2020 $2,496 $57,060 $11,410 $45,650
2019 $2,478 $45,510 $9,100 $36,410
2018 $2,427 $33,510 $6,700 $26,810
2017 $2,333 $29,310 $5,860 $23,450
2016 $2,243 $24,010 $4,800 $19,210
2015 $2,087 $19,850 $3,970 $15,880
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5500639

Arizona Regional Multiple Listing Service (ARMLS)
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