NOT LISTED FOR SALE

Estimated Value: $836,000 - $1,190,000

Studio
-- Bath
3,496 Sq Ft
$290/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $380,000 $109 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $5,472/month

12 Days on Market

Highlights

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

About This Home

As of September 2018

Great centrally located 4 plex near Arcadia in great rental area. All units are 2 bedroom/1 bath. Roof was done in 2016 and interior remodel has been done a some units. Fully rented with long term tenants. This is being sold together with 3631 E Oak (listed separately), owner prefers to not split them up, a chance to buy 2 properties with all 2 bedroom units with lots of potential. Units are spacious at 800 sq ft each. Must be purchased with 3631 E Oak.

Last Agent to Sell the Property

Lisa Eagan

Leagan Realty, LLC License #BR537622000 Listed on: 08/15/2018

Last Buyer's Agent

Dallin Hammond

ABI Multifamily License #SA677560000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,796

Year Built

  • Built in 1957

Lot Details

  • Additional Parcels

Home Design

  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Papago Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 120-14-028-F

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9583 SF

Building Details

  • Operating Expense $11,626
  • Gross Income $29,760
  • Net Operating Income $18,134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,796

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 36th Street and Oak
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 2100.0
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, 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: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3940.0

Schools

  • Elementary School: Papago School
  • High School: Camelback High School
  • Middle Or Junior School: Papago School

Lot Info

  • Lot Size: 9583 SF
  • Additional Parcels: Yes
  • Parcel #: 120-14-028-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29760.0
  • Insurance Expense: 1840.0
  • Maintenance Expense: 1950.0
  • Property Net Operating Income: 18134.0
  • Annual Operating Expense: 11626.0

Tax Info

  • Tax Annual Amount: 1796.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2019
Sold by
Avit1 Llc
Bought by
Mckenzie Llc
Current Estimated Value
$1,013,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Outstanding Balance
$729,971
Interest Rate
3.8%
Mortgage Type
Construction
Estimated Equity
$283,029

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 17, 2018
Sold by
Sek Llc
Bought by
Aviti Llc
Seller's Agent
Lisa Eagan
Leagan Realty, LLC
Buyer's Agent
Dallin Hammond
ABI Multifamily
List Price
$390,000
Sold Price
$380,000
Premium/Discount to List
-$10,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.31%
Original Mortgage
$726,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 7, 2018
Sold by
Callas John and Callas Debbie
Bought by
Sek Llc
Seller's Agent
Lisa Eagan
Leagan Realty, LLC
Buyer's Agent
Dallin Hammond
ABI Multifamily
List Price
$390,000
Sold Price
$380,000
Premium/Discount to List
-$10,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2016
Closed on
Apr 8, 2016
Sold by
Mp & Dd Properties Llc
Bought by
Callas John and Callas Debbie
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lisa Eagan
Leagan Realty, LLC
List Price
$289,900
Sold Price
$275,000
Premium/Discount to List
-$14,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.17%
Original Mortgage
$200,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2011
Sold by
Femino Paul and Femino Dana
Bought by
Mp & Dd Properties Llc

Purchase Details

Closed on
May 25, 2010
Sold by
Az Pep Enterprises Llc
Bought by
Femino Paul and Femino Dana

Purchase Details

Closed on
Aug 5, 2005
Sold by
Azzarello August W and Pepper Stewart A
Bought by
Az Pep Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,700
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2005
Sold by
Excelrock Llc
Bought by
Azzarello August W and Pepper Stewart A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,700
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Wise John P
Bought by
Exelrock Llc

Purchase Details

Closed on
Jan 17, 2005
Sold by
Wise Wendy
Bought by
Wise John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2002
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Alsbury Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2000
Sold by
Chaffin Alvin and Chaffin Daria
Bought by
Shreck Ronald L and Shreck Karyl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,150
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Nordin Gus M and Nordin Charlotte
Bought by
Chaffin Alvin and Chaffin Daria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 1997
Sold by
Shepard Paul
Bought by
Nordin Gus M and Nordin Charlotte

Purchase Details

Closed on
Feb 25, 1997
Sold by
Nordin Gus M and Nordin Charlotte
Bought by
Nordin Gus M and Nordin Charlotte
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mckenzie Llc $1,250,000 Chicago Title Agency Inc
Aviti Llc $485,000 American Title Service Agenc
Sek Llc $380,000 American Title Service Agenc
Callas John $275,000 Landmark Title Assurance Age
Mp & Dd Properties Llc -- Accommodation
Femino Paul $124,500 Chicago Title
Az Pep Enterprises Llc -- --
Azzarello August W $333,000 Equity Title Agency Inc
Exelrock Llc $279,900 --
Wise John -- Guaranty Title Agency
Wise John P $279,900 Guaranty Title Agency
Alsbury Robert $209,000 First American Title Ins Co
Shreck Ronald L $173,500 North American Title Agency
Chaffin Alvin $155,000 Capital Title Agency Inc
Nordin Gus M -- Old Republic Title Agency
Nordin Gus M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckenzie Llc $830,000
Previous Owner Aviti Llc $726,000
Previous Owner Callas John $200,000
Previous Owner Azzarello August W $299,700
Previous Owner Wise John P $223,900
Previous Owner Alsbury Robert $167,200
Previous Owner Shreck Ronald L $156,150
Previous Owner Chaffin Alvin $139,500
Closed Alsbury Robert $41,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2018 09/19/18 Sold $380,000 -2.6% $109 / Sq Ft
09/15/2018 09/15/18 Price Changed $390,000 0.0% $112 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $390,000 +41.8% $112 / Sq Ft
04/12/2016 04/12/16 Sold $275,000 -5.1% $79 / Sq Ft View Prior Sale
03/02/2016 03/02/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $289,900 -- $83 / 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 $2,103 $15,568 -- --
2024 $2,001 $14,827 -- --
2023 $2,001 $57,570 $11,510 $46,060
2022 $1,922 $42,860 $8,570 $34,290
2021 $1,969 $34,870 $6,970 $27,900
2020 $1,921 $28,230 $5,640 $22,590
2019 $1,907 $23,520 $4,700 $18,820
2018 $1,868 $21,480 $4,290 $17,190
2017 $1,796 $19,710 $3,940 $15,770
2016 $1,727 $17,110 $3,420 $13,690
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5807010

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-14-028F