NOT LISTED FOR SALE

Estimated Value: $862,000 - $1,488,000

Studio
-- Bath
2,867 Sq Ft
$387/Sq Ft Est. Value

Last Sold July 02, 2014

Last sale price $344,000 $120 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $6,076/month

113 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Heat Pump System

About This Home

As of July 2014

RARE OPPORUNITY to purchase a pristine 4-Plex in the heart of the BOOMING ARCADIA AREA! The main home has (2) bedrooms w/(2) baths and the remaining (3) units have (2) bedrooms w/(1) bath each! Amenities: Covered carport parking, on-site coin-op laundry, separate storage areas for each unit, refrigerators & range/ovens in each unit, all electric - individually metered, Large grounds and courtyard area! A beautifully quiet neighborhood in a fantastic location with great Tenants! ***PLEASE DO NOT DISTURB TENANTS***

Last Agent to Sell the Property

Sean Hahn

West USA Realty License #SA043742000 Listed on: 02/04/2014

West USA Realty

Last Buyer's Agent

Kevin Owens

SERHANT. License #SA628414000

SERHANT.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1965

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 170-31-005-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 100x130
  • Pasadena Tract Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $6,692
  • Gross Income $32,414
  • Net Operating Income $28,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,642

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: 36th Street & Monterosa
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M Multi-Famil
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2011
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: Pasadena Tract
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking, 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
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: 100x130
  • Additional Parcels: No
  • Parcel #: 170-31-005-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 32413.5
  • Insurance Expense: 1200.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 28617.5
  • Annual Operating Expense: 6692.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1642.0
  • Tax Book Number: 170.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2015
Sold by
Heimann Jason R and Chan Shirley
Bought by
Chan Jason Richard Heimann and Chan Shirley
Current Estimated Value
$1,108,147

Purchase Details

Listed on
Feb 4, 2014
Closed on
Jun 13, 2014
Sold by
Orcutr Judy L
Bought by
Heimann Jason Pj and Chan Shirley
Seller's Agent
Sean Hahn
West USA Realty
Buyer's Agent
Kevin Owens
SERHANT.
List Price
$425,000
Sold Price
$344,000
Premium/Discount to List
-$81,000
-19.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$240,000
Outstanding Balance
$182,343
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$925,804

Purchase Details

Closed on
Mar 7, 1995
Sold by
Young Joan Edwards and Orcutt Judy Lynn
Bought by
Young Joan E and Orcutt Judy Lynn
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
Chan Jason Richard Heimann -- None Available
Heimann Jason Pj $344,000 Old Republic Title Agency
Young Joan E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heimann Jason Pj $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2014 07/02/14 Sold $344,000 -19.1% $120 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $425,000 -- $148 / 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 $3,369 $24,939 -- --
2024 $3,205 $23,752 -- --
2023 $3,205 $68,120 $13,620 $54,500
2022 $3,079 $51,450 $10,290 $41,160
2021 $3,154 $47,930 $9,580 $38,350
2020 $3,077 $42,970 $8,590 $34,380
2019 $3,056 $38,780 $7,750 $31,030
2018 $2,993 $34,450 $6,890 $27,560
2017 $2,877 $30,200 $6,040 $24,160
2016 $2,766 $24,480 $4,890 $19,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5064525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-005A