$386,000
SOLD MAR 31, 2015
-- Bed
-- Bath
3,014 Sq Ft
0.26 Acres

Recently Sold

$128 Per Sq Ft

2% Above List Price

3 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of September 2019

New dual pane windows, new doors, tile flooring, beautiful low maintenance/low water use landscaping, granite countertops, kitchen cabinets, water heaters, one new A/C, security doors on front and back, new exterior paint, above range microwaves, new electrical panels, and new copper plumbing. Rarely is there a vacancy. Property sits on over 1/4 acre lot. Coin op laundry owned by the owner. This is a turnkey property with no deferred maintenance. The property is located in Central Phoenix, one of the largest employment hubs in the metro area. Superior location close to Biltmore, Arcadia, easy access to freeways. Quiet neighborhood. Would be a great for an owner occupant. Tenants at the property have easy access to Phoenix Sky Harbor International Airport, and public transportation.

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 03/06/2015

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, 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 IRREGULAR

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $13,474
  • Gross Income $33,534
  • Net Operating Income $20,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,478

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: CAMELBACK RD. & 36TH ST.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2014
  • Directions: South to glenrosa, east to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2596.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • High School: Camelback High School

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33534.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 20060.0
  • Annual Operating Expense: 13474.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2478.0
  • 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
Current Estimated Value
$1,383,368

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
$968,583

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
$968,583

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
10.89%
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
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Grand Canyon Title Agency
Warranty Deed -- None Available
Warranty Deed $740,000 Magnus Title Agency
Warranty Deed $406,000 Precision Title Agency Inc
Cash Sale Deed $386,000 Precision Title Agency Inc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed $250,000 None Available
Warranty Deed $223,500 Land Title Agency Of Az Inc
Interfamily Deed Transfer -- Land Title Agency Of Az Inc
Warranty Deed -- Trans National Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $370,000 New Conventional
Previous Owner $390,000 VA
Previous Owner $229,400 New Conventional
Previous Owner $246,000 Unknown
Previous Owner $240,000 Fannie Mae Freddie Mac
Previous Owner $178,800 Purchase Money Mortgage
Previous Owner $80,500 No Value Available
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: 5246216

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-028