$173,250
SOLD APR 25, 2014
-- Bed
-- Bath
2,535 Sq Ft
0.28 Acres

Recently Sold

$68 Per Sq Ft

3% Below List Price

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of December 2020

This is a well maintained beauty and it's in the correct LOCATION, LOCATION, LOCATION!** It also has everything you need to keep your residents happy and that means low turn over! PERFECT FOR OWNER OCCCUPIED or CURRENT ON-SITE MANAGEMENT WOULD PREFER TO STAY another 10+ years***** All two bedroom units***** One unit is larger and has 1.5 baths! THERE ARE ALSO WALKUP TENANT FRIENDLY CARPORTS ADJOINING EACH UNIT** ALSO washer/dryer hookups in each unit.** Newer ACs and lots of Charm!*** Want a low headache turnkey property??? This is it! Buyer to verify all items prior to close of escrow. 100% occupied for years***

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/06/2014

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/06/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 127-22-070

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr
  • Oakshire Subdivision

Building Details

  • Gross Income $22,140
  • Net Operating Income $15,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 36th Street/Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2013
  • Directions: East to 37th Street, North to Verde Ln, West to property at end of cul-de-sac.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Oakshire
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1950.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 127-22-070

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 22140.0
  • Insurance Expense: 808.0
  • Maintenance Expense: 2620.0
  • Property Net Operating Income: 15110.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 127.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 30, 2020
Sold by
Lyle R Book & Barbara J Book Liv Tr
Bought by
Phx Buildings Llc
Seller's Agent
Lawrence Wright
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$818,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,082
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Book Lyle and Book Barbara
Bought by
3628 Verde Llc

Purchase Details

Closed on
Sep 3, 2014
Sold by
3628 Verde Llc
Bought by
Book Lyle and Book Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,275
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2014
Closed on
Apr 21, 2014
Sold by
Larson Beverly J
Bought by
Book Lyle and Book Barbara
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$179,000
Sold Price
$173,250
Premium/Discount to List
-$5,750
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.67%
Original Mortgage
$129,900
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2014
Closed on
Apr 16, 2014
Sold by
Book Lyle and Book Barbara
Bought by
3628 Verde Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$179,000
Sold Price
$173,250
Premium/Discount to List
-$5,750
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,900
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2001
Sold by
Larson Beverly J
Bought by
Larson Beverly J and Beverly J Larson Ind Trust

Purchase Details

Closed on
Jun 18, 2001
Sold by
Larson Myron K
Bought by
Larson Beverly J

Purchase Details

Closed on
Jun 11, 1999
Sold by
Larson Myron
Bought by
Larson Beverly
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 Type Sale Price Title Company
Warranty Deed $475,000 Chicago Title Agency
Quit Claim Deed -- Pioneer Title Agency Inc
Quit Claim Deed -- Pioneer Title Agency Inc
Warranty Deed $173,250 Chicago Title Agency Inc
Special Warranty Deed -- Chicago Title Agency Inc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title
Warranty Deed $90,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $121,275 New Conventional
Previous Owner $129,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $475,000 -4.8% $187 / Sq Ft
10/31/2020 10/31/20 For Sale $499,000 0.0% $197 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $499,000 +188.0% $197 / Sq Ft
04/25/2014 04/25/14 Sold $173,250 -3.2% $68 / Sq Ft
04/25/2014 04/25/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $179,000 -- $71 / 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 $1,816 $13,969 -- --
2024 $1,795 $13,304 -- --
2023 $1,795 $54,010 $10,800 $43,210
2022 $1,725 $39,070 $7,810 $31,260
2021 $1,767 $37,450 $7,490 $29,960
2020 $1,724 $32,110 $6,420 $25,690
2019 $1,712 $25,410 $5,080 $20,330
2018 $1,676 $22,060 $4,410 $17,650
2017 $1,612 $19,250 $3,850 $15,400
2016 $1,549 $16,100 $3,220 $12,880
2015 $1,441 $13,830 $2,760 $11,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5111388

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-070