NOT LISTED FOR SALE

Estimated Value: $295,000 - $747,000

9 Beds
2 Baths
1,336 Sq Ft
$420/Sq Ft Est. Value

Last Sold October 06, 2016

Last sale price $79,000 $59 Per Sq Ft

Est. 610% increase in value since last sale

Current estimated payment $3,006/month

13 Days on Market

Highlights

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

About This Home

As of October 2016

Priced for quick sale. 4 units, 2bdrm @ $600.00, 1 - 3 Bdrm @ 700.00, 1 - 3 bdrm 800.00, 1 bdrm 550.00. Owners live out of state and have not been able to keep up Property so it does need some upkeep and repairs as reflected in price. Great cash flow Property is being sold as-is.

Last Agent to Sell the Property

Jeff Legleu

Copper Leaf Realty License #BR635419000 Listed on: 09/21/2016

Last Buyer's Agent

Norma Millett

HomeSmart License #SA552895000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $294

Year Built

  • Built in 1944

Lot Details

  • 6,142

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Isaac E IMES Elementary School
  • Isaac Middle School
  • Carl Hayden High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Legal Lot and Block 23 / 6
  • Assessor Parcel Number 106-15-140

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are Aprox 6153/county assesor
  • West Phoenix Subdivision

Building Details

  • Operating Expense $10,996
  • Net Operating Income $14,498

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$294

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: 35th Ave & Van Buren
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: r 1-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2015
  • Directions: North of Van Buren to polk west to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: WEST PHOENIX
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Fuel Expense: 1175.0
  • Annual Water Sewer Expense: 4315.0

Schools

  • Elementary School: Isaac E Imes School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Isaac Middle School

Lot Info

  • Lot Size: Aprox 6153/county assesor
  • Additional Parcels: No
  • Parcel #: 106-15-140

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 4031.0
  • Insurance Expense: 1081.0
  • Maintenance Expense: 100.0
  • Property Net Operating Income: 14498.0
  • Annual Operating Expense: 10996.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 294.0
  • Tax Block: 6
  • Tax Book Number: 106.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2024
Sold by
Reza Estas Llc
Bought by
Khatri Ritesh
Current Estimated Value
$561,186

Purchase Details

Closed on
Feb 23, 2022
Sold by
Bid 4 U Llc
Bought by
Zedge Landscape Llc

Purchase Details

Closed on
Feb 10, 2022
Sold by
Herb Ronald B
Bought by
Bid4u Llc

Purchase Details

Closed on
Feb 1, 2021
Sold by
Fiorella Dionisio and Fiorella Cynthia Byrd
Bought by
Leyva Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 21, 2016
Closed on
Oct 5, 2016
Sold by
Source Light Properties
Bought by
Byrd Fiorella Dionisio and Byrd Fiorella Cynthia
Seller's Agent
Jeff Legleu
Copper Leaf Realty
Buyer's Agent
Norma Millett
HomeSmart
List Price
$99,900
Sold Price
$79,000
Premium/Discount to List
-$20,900
-20.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.22%

Purchase Details

Listed on
Jan 5, 2011
Closed on
Jan 6, 2012
Sold by
Lp Industries Inc
Bought by
Source Light Properties Llc
Seller's Agent
Cecilia Lopez
HomeSmart
Buyer's Agent
Jeff Legleu
Copper Leaf Realty
List Price
$150,000
Sold Price
$35,000
Premium/Discount to List
-$115,000
-76.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.78%

Purchase Details

Closed on
Oct 26, 2010
Sold by
Baldwin Construction & Development Inc
Bought by
Lp Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.33%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 2009
Sold by
Kma Ii Llc
Bought by
Baldwin Construction & Development Inc

Purchase Details

Closed on
May 28, 2009
Sold by
Mendoza Ernesto
Bought by
Kma Ii Llc

Purchase Details

Closed on
Aug 9, 2006
Sold by
Mendoza Erika Yenizel
Bought by
Mendoza Ernesto

Purchase Details

Closed on
Apr 22, 2005
Sold by
Blue Keith A and Blue Mechelle
Bought by
Polk One Llc

Purchase Details

Closed on
Oct 26, 1991
Sold by
Plummer Patricia A
Bought by
Martinez Bennie A and Martinez Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
8.53%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Khatri Ritesh -- None Listed On Document
Zedge Landscape Llc $549,900 Pioneer Title
Bid4u Llc -- Empire West Title
Leyva Group Llc $350,000 East Title Agency Llc
Byrd Fiorella Dionisio $79,000 Great American Title Agency
Source Light Properties Llc $35,000 Chicago Title Agency Inc
Lp Industries Inc -- First American Title
Baldwin Construction & Development Inc $15,000 Magnus Title Agency
Kma Ii Llc $17,000 Great American Title Agency
Mendoza Ernesto -- Lawyers Title Insurance Corp
Polk One Llc -- --
Martinez Bennie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leyva Group Llc $360,000
Previous Owner Lp Industries Inc $350,000
Previous Owner Martinez Bennie A $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2016 10/06/16 Sold $79,000 -1.1% $59 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
10/03/2016 10/03/16 Price Changed $79,900 -20.0% $60 / Sq Ft
09/21/2016 09/21/16 For Sale $99,900 +185.4% $75 / Sq Ft
01/13/2012 01/13/12 Sold $35,000 -28.6% $37 / Sq Ft View Prior Sale
01/05/2012 01/05/12 Price Changed $49,000 0.0% $52 / Sq Ft
12/12/2011 12/12/11 Pending -- -- --
06/16/2011 06/16/11 Price Changed $49,000 -67.3% $52 / Sq Ft
06/16/2011 06/16/11 For Sale $150,000 0.0% $159 / Sq Ft
06/16/2011 06/16/11 Price Changed $150,000 0.0% $159 / Sq Ft
05/19/2011 05/19/11 Pending -- -- --
01/05/2011 01/05/11 For Sale $150,000 -- $159 / 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 $368 $2,249 -- --
2024 $359 $2,142 -- --
2023 $359 $61,980 $12,390 $49,590
2022 $343 $10,880 $2,170 $8,710
2021 $342 $9,780 $1,950 $7,830
2020 $335 $7,050 $1,410 $5,640
2019 $329 $6,020 $1,200 $4,820
2018 $330 $4,910 $980 $3,930
2017 $328 $5,080 $1,010 $4,070
2016 $318 $3,320 $660 $2,660
2015 $294 $2,280 $450 $1,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5500857

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-15-140