NOT LISTED FOR SALE

Estimated Value: $1,243,000 - $1,562,000

-- Bed
-- Bath
3,014 Sq Ft
$463/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $740,000 $246 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,085/month

54 Days on Market

Highlights

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

About This Home

As of September 2019

This is an excellent opportunity to own in the highly desirable Arcadia area. Opportunity for long or short term rental income. This quad consists of two 1BR/1BA units and two 2BR/1BA units. All four units have dual entry and covered parking. Newer copper plumbing throughout. Units 1-3 have been upgraded with granite countertops, Nest thermostats and recessed lighting all in the last three years. Unit 4 was updated prior to current ownership. Property has been meticulously maintained. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Joseph Morgan

Joseph A Morgan License #BR639098000 Listed on: 05/20/2019

Last Buyer's Agent

Andrea Gowan

ProSmart Realty License #SA650047000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,086

Year Built

  • Built in 1959

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Monte Vista Elementary School
  • Biltmore Preparatory Academy Middle School
  • Arcadia High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 170-31-028

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11340
  • Camelback Horizons Subdivision

Building Details

  • Operating Expense $18,818
  • Gross Income $59,351
  • Net Operating Income $43,683

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,086

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 36th Street & Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3700.0
  • Subdivision Name: CAMELBACK HORIZONS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1900.0

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Arcadia High School
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: 11340
  • Additional Parcels: No
  • Parcel #: 170-31-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 732.0
  • Annual Gross Income: 59351.25
  • Insurance Expense: 5400.0
  • Maintenance Expense: 2900.0
  • Property Net Operating Income: 43683.0
  • Annual Operating Expense: 18818.22
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3086.22
  • Tax Book Number: 170.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Meerson Nicholas M and Szedlacsek Nina
Bought by
Meerson Nicholas M and Meerson Steven R
Total Days on Market
54
Current Estimated Value
$1,394,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$414,785
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$978,742

Purchase Details

Closed on
Sep 17, 2021
Sold by
Meerson Nicholas M and Meerson Steven R
Bought by
Meerson Nicholas M and Szdlacsek Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$414,785
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$978,742

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 27, 2019
Sold by
Szedlacsek Nina
Bought by
Meerson Nicholas M and Meerson Stephen R
Seller's Agent
Joseph Morgan
Joseph A Morgan
Buyer's Agent
Andrea Gowan
ProSmart Realty
List Price
$800,000
Sold Price
$740,000
Premium/Discount to List
-$60,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Original Mortgage
$370,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 12, 2019
Sold by
Wimmer Tristan
Bought by
Meerson Nicholas M and Szedlacsek Nina
Seller's Agent
Joseph Morgan
Joseph A Morgan
Buyer's Agent
Andrea Gowan
ProSmart Realty
List Price
$800,000
Sold Price
$740,000
Premium/Discount to List
-$60,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2015
Closed on
Apr 9, 2015
Sold by
Mjm Investment Group Llc
Bought by
Wimmer Tristan
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$380,000
Sold Price
$386,000
Premium/Discount to List
$6,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.83%
Original Mortgage
$390,000
Interest Rate
3.67%
Mortgage Type
VA

Purchase Details

Listed on
Mar 6, 2015
Closed on
Mar 30, 2015
Sold by
Bnr Team Llc
Bought by
Mjm Investment Group Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$380,000
Sold Price
$386,000
Premium/Discount to List
$6,000
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
$390,000
Interest Rate
3.67%
Mortgage Type
VA

Purchase Details

Closed on
Oct 7, 2013
Sold by
Legree Rhonda Denise
Bought by
Bnr Team Llc

Purchase Details

Closed on
Jun 4, 2012
Sold by
B N R Team Llc
Bought by
Legree Rhonda Denise

Purchase Details

Closed on
Mar 7, 2007
Sold by
Wells Joyce L
Bought by
B N R Team Llc

Purchase Details

Closed on
Mar 26, 2003
Sold by
Diehn Bodo
Bought by
Wells Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,800
Interest Rate
9.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1994
Sold by
Seaman Martha L
Bought by
Bodo Diehn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
7.38%
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
Meerson Nicholas M -- Accommodation
Meerson Nicholas M -- Grand Canyon Title Agency
Meerson Nicholas M -- None Available
Meerson Nicholas M $740,000 Magnus Title Agency
Wimmer Tristan $406,000 Precision Title Agency Inc
Mjm Investment Group Llc $386,000 Precision Title Agency Inc
Bnr Team Llc -- None Available
Legree Rhonda Denise -- None Available
B N R Team Llc $250,000 None Available
Wells Joyce $223,500 Land Title Agency Of Az Inc
Wells Joyce -- Land Title Agency Of Az Inc
Bodo Diehn A -- Trans National Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meerson Nicholas M $450,000
Previous Owner Meerson Nicholas M $370,000
Previous Owner Wimmer Tristan $390,000
Previous Owner Legree Rhonda Denise $229,400
Previous Owner Bnr Team Llc $246,000
Previous Owner Wells Joyce $240,000
Previous Owner Wells Joyce $178,800
Previous Owner Bodo Diehn A $80,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2019 09/03/19 Sold $740,000 -7.5% $246 / Sq Ft
08/09/2019 08/09/19 For Sale $800,000 0.0% $265 / Sq Ft
08/09/2019 08/09/19 Price Changed $800,000 0.0% $265 / Sq Ft
07/08/2019 07/08/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $800,000 +107.3% $265 / Sq Ft
03/31/2015 03/31/15 Sold $386,000 +1.6% $128 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $380,000 -- $126 / 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 $3,438 $26,445 -- --
2024 $3,398 $25,186 -- --
2023 $3,398 $74,600 $14,920 $59,680
2022 $3,167 $56,600 $11,320 $45,280
2021 $3,254 $51,160 $10,230 $40,930
2020 $3,173 $44,720 $8,940 $35,780
2019 $3,152 $39,900 $7,980 $31,920
2018 $3,086 $34,750 $6,950 $27,800
2017 $2,965 $32,130 $6,420 $25,710
2016 $2,849 $26,220 $5,240 $20,980
2015 $2,652 $24,800 $4,960 $19,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5928270

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-028