NOT LISTED FOR SALE

Estimated Value: $1,530,956

Studio
-- Baths
4,261 Sq Ft
$359/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2018

Last sale price $815,000 $191 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,854 / mo

190 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Fenced
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Desert Landscape

About This Home

As of September 2018

This is an excellent opportunity to own in the highly desirable Arcadia area. Fantastic opportunity for long or short term rental income. This quad consists of all two bedroom units (1 x 2/2 + den + enclosed patio, 2 x 2/1, 1 x 2/1 with private yard.) that have been upgraded throughout. All units have dual entry, private storage, and covered parking. Property has been meticulously maintained. Do not disturb tenants. Drive by only. Please provide proof of funds upon submitting an offer. Seller motivated and would like to close by end of August.

Last Agent to Sell the Property

Joseph Morgan

Lukrom Realty Advisors License #BR639098000 Listed on: 02/19/2018

Last Buyer's Agent

Sanjog Gopal

eXp Realty License #BR574137000

eXp Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,754

Year Built

  • Built in 1960

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Parking Available
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for sewer, trash collection, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 170-26-034

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,285 sq ft.
  • Pasadena Manor Subdivision

Building Details

  • Operating Expense $12,308
  • Gross Income $65,882
  • Net Operating Income $53,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,754

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Indian School & 36th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: PASADENA MANOR
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Building(s) Only, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Trash Compactor
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping, Fenced

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • Parking Features:Parking Features: 1 Space/Unit, Carport, On Street

Utilities

  • Electric: SRP
  • Cooling: Electric, Varies by Unit
  • Heating: Natural Gas, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 1634.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11,285 sq ft.
  • Additional Parcels: No
  • Parcel #: 170-26-034

Multi Family

  • Owner Pays: Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 620.0
  • Annual Gross Income: 65882.4
  • Insurance Expense: 2151.0
  • Maintenance Expense: 874.0
  • Property Net Operating Income: 53596.0
  • Annual Operating Expense: 12308.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3754.0
  • Tax Book Number: 170.0
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Sep 6, 2018
Sold by
Mcpherson Thomas M
Bought by
Seller's Agent
Joseph Morgan
Lukrom Realty Advisors
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$875,000
Sold Price
$815,000
Premium/Discount to List
-$60,000
-6.86%
Current Estimated Value
$1,530,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$715,956
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Jan 3, 2013
Sold by
Mjm Investment Group Llc
Bought by
Mcpherson Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.36%
Mortgage Type
State Veterans

Purchase Details

Closed on
May 16, 2012
Sold by
Madwad Llc
Bought by
Mjm Investment Group Llc

Purchase Details

Closed on
Feb 1, 2012
Sold by
Guina Robert Eric
Bought by
Madward Llc

Purchase Details

Closed on
Oct 29, 2004
Sold by
Kleinman Thomas P
Bought by
Guina Robert Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2000
Sold by
Kleinman Gwen
Bought by
Kleinman Thomas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
8.16%

Purchase Details

Closed on
Jan 24, 1967
Sold by
Hurguy William and Hurguy Mary
Bought by
Brill Virgil C and Brill Virginia H
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Camelback East Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$815,000 Security Title Agency Inc
Mcpherson Thomas M $320,000 Magnus Title Agency
Mjm Investment Group Llc $210,000 Stewart Title & Trust Of Pho
Madward Llc $180,000 Chicago Title
Guina Robert Eric $260,000 Arizona Title Agency Inc
Kleinman Thomas P $70,000 Arizona Title Agency Inc
Brill Virgil C -- First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,400,000
Previous Owner Mcpherson Thomas M $320,000
Previous Owner Mjm Investment Group Llc $175,000
Previous Owner Guina Robert Eric $343,500
Previous Owner Guina Robert Eric $192,000
Previous Owner Guina Robert Eric $208,000
Previous Owner Kleinman Thomas P $49,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $815,000 -3.0% $191 / Sq Ft
09/17/2018 09/17/18 Price Changed $840,000 0.0% $197 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
07/27/2018 07/27/18 Price Changed $840,000 -4.0% $197 / Sq Ft
06/14/2018 06/14/18 For Sale $875,000 0.0% $205 / Sq Ft
06/14/2018 06/14/18 Price Changed $875,000 +7.4% $205 / Sq Ft
06/09/2018 06/09/18 Off Market $815,000 -- --
05/30/2018 05/30/18 Price Changed $950,000 -1.0% $223 / Sq Ft
05/15/2018 05/15/18 Price Changed $960,000 -1.0% $225 / Sq Ft
05/02/2018 05/02/18 Price Changed $970,000 -1.0% $228 / Sq Ft
04/19/2018 04/19/18 Price Changed $980,000 -1.9% $230 / Sq Ft
03/26/2018 03/26/18 Price Changed $999,000 -0.1% $234 / Sq Ft
02/19/2018 02/19/18 For Sale $1,000,000 -- $235 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,396 $32,543
2024 $4,182 $30,994
2023 $4,182 $93,430 $18,680 $74,750
2022 $4,018 $70,870 $14,170 $56,700
2021 $4,116 $63,220 $12,640 $50,580
2020 $4,016 $55,400 $11,080 $44,320
2019 $3,987 $50,250 $10,050 $40,200
2018 $3,905 $44,120 $8,820 $35,300
2017 $3,754 $40,400 $8,080 $32,320
2016 $3,609 $33,060 $6,610 $26,450
2015 $3,358 $31,630 $6,320 $25,310
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5729008

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-034

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