NOT LISTED FOR SALE

Estimated Value: $479,932 - $1,293,000

Studio
-- Bath
2,482 Sq Ft
$336/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $239,900 $97 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $4,487/month

51 Days on Market

Highlights

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

About This Home

As of January 2018

INVESTMENT OPPORTUNITY, GREAT LOCATION, in a prime south Arcadia area of revitalization...Triplex, 2 bedroom units with lots of potential. Separate laundry room, covered parking in back alley, small yard on each unit. Sold in as-is condition. Lots of potential for a great income producing property. Please do not disturb current tenants.

Last Agent to Sell the Property

Tara Alves

HomeSmart License #SA545853000 Listed on: 09/24/2017

HomeSmart

Last Buyer's Agent

Tara Alves

HomeSmart License #SA545853000 Listed on: 09/24/2017

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,374

Year Built

  • Built in 1956

Lot Details

  • 7,057

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Creighton Elementary School
  • Creighton Elementary 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 landscaping
  • Tax Lot 5
  • Assessor Parcel Number 127-22-069

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6720

Building Details

  • Operating Expense $5,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,374

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 37th & Thomas
  • Property Type: Multiple Dwellings
  • Zoning: res
  • Number Of Buildings: 1
  • Year Built: 1956
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 480.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Creighton Elementary School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 6720
  • Additional Parcels: No
  • Parcel #: 127-22-069

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 150.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 600.0
  • Annual Operating Expense: 5604.0

Tax Info

  • Tax Annual Amount: 1374.0
  • Tax Book Number: 127.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2017
Closed on
Dec 19, 2017
Sold by
Panagiotoglou Mary
Bought by
3623 E Verde Ln Llc
Seller's Agent
Tara Alves
HomeSmart
Buyer's Agent
Tara Alves
HomeSmart
List Price
$295,000
Sold Price
$239,900
Premium/Discount to List
-$55,100
-18.68%
Current Estimated Value
$834,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,583
Avg. Annual Appreciation
16.77%

Purchase Details

Closed on
Jun 17, 1997
Sold by
Vagujhelyi George and Vagujhelyi Agnes
Bought by
Panagiotoglou George and Panagiotoglou Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.25%
Mortgage Type
New Conventional
Source: Public Records
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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
3623 E Verde Ln Llc $239,977 Chicago Title Agency
Panagiotoglou George $90,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panagiotoglou George $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2018 01/11/18 Sold $239,900 -11.1% $97 / Sq Ft
01/02/2018 01/02/18 Price Changed $270,000 0.0% $109 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
10/23/2017 10/23/17 Price Changed $270,000 -8.5% $109 / Sq Ft
09/23/2017 09/23/17 For Sale $295,000 -- $119 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,743 $12,905 -- --
2024 $1,658 $12,290 -- --
2023 $1,658 $49,430 $9,880 $39,550
2022 $1,593 $36,170 $7,230 $28,940
2021 $1,632 $34,020 $6,800 $27,220
2020 $1,592 $29,030 $5,800 $23,230
2019 $1,581 $23,520 $4,700 $18,820
2018 $1,489 $20,580 $4,110 $16,470
2017 $1,430 $18,010 $3,600 $14,410
2016 $1,374 $14,760 $2,950 $11,810
2015 $1,279 $12,920 $2,580 $10,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5664529

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-069