NOT LISTED FOR SALE

Estimated Value: $359,653 - $413,000

6 Beds
-- Bath
2,048 Sq Ft
$193/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $370,000 $181 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,179/month

75 Days on Market

About This Home

As of May 2022

Wonderful turn-key investment opportunity in a centralized location! Fully occupied, spacious duplex has 3 bedrooms and 1 bathroom with a full size laundry room and dining room in each unit. Generous sized backyards with a covered patio for each unit. No HOA!

Last Agent to Sell the Property

M Paula Farace-Outeiral

RE/MAX Professionals License #SA550273000 Listed on: 11/06/2021

RE/MAX Professionals

Last Buyer's Agent

Angel Quinonez

Real Broker License #SA692075000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $986

Year Built

  • Built in 1963

Lot Details

  • 6,490

Home Design

  • Brick Exterior Construction

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Cactus Wren Elementary School
  • Cholla Middle School
  • Cortez High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 140
  • Assessor Parcel Number 150-21-004

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6500
  • Wishing Well Village 2 Lots 137 172 Subdivision

Building Details

  • Operating Expense $3,336
  • Gross Income $18,600
  • Net Operating Income $14,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$986

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 35th Ave & Dunlap
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: r-3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2021
  • Directions: From the I-17 exit westbound on Dunlap, after 35th ave the property will be on the south side of the road.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: WISHING WELL VILLAGE 2 LOTS 137-172
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Brick, Other, See Remarks
  • Roof: Rolled/Hot Mop
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: 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:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1100.0

Schools

  • Elementary School: Cactus Wren Elementary School
  • High School: Cortez High School
  • Middle Or Junior School: Cholla Middle School

Lot Info

  • Lot Size: 6500
  • Additional Parcels: No
  • Parcel #: 150-21-004

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Insurance Expense: 1250.0
  • Property Net Operating Income: 14163.0
  • Annual Operating Expense: 3336.0

Tax Info

  • Tax Annual Amount: 986.0
  • Tax Book Number: 150.00
  • Tax Lot: 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
May 4, 2022
Sold by
Blanca Wetmore Living Trust
Bought by
Zarinana Edwin M Araujo and Araujo Cristian E
Seller's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
Buyer's Agent
Angel Quinonez
Real Broker
List Price
$369,999
Sold Price
$370,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$394,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,913
Avg. Annual Appreciation
2.21%
Original Mortgage
$363,298
Outstanding Balance
$342,980
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$55,452

Purchase Details

Listed on
Oct 4, 2018
Closed on
Feb 22, 2019
Sold by
Wetmore Paul
Bought by
Wetmore Blanca
Seller's Agent
Melissa Renee Brown
HomeSmart
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
List Price
$214,500
Sold Price
$215,000
Premium/Discount to List
$500
0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.82%

Purchase Details

Listed on
Oct 4, 2018
Closed on
Dec 3, 2018
Sold by
Arredondo Jose Jesus
Bought by
Wetmore Blanca and Wetmore Paul
Seller's Agent
Melissa Renee Brown
HomeSmart
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
List Price
$214,500
Sold Price
$215,000
Premium/Discount to List
$500
0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 26, 2006
Sold by
Notali Waylet
Bought by
Arredondo Jose Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
8.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2001
Sold by
Mckirahan Paul W and Mckirahan Janet M
Bought by
Notali Waylet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 1996
Sold by
P M & J Properties Inc
Bought by
Mckirahan Paul W and Mckirahan Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
10.12%

Purchase Details

Closed on
Apr 1, 1996
Sold by
Patterson Faith S
Bought by
Mckirahan Paul W and Mckirahan Janet M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Zarinana Edwin M Araujo $370,000 Driggs Title Agency
Wetmore Blanca -- None Available
Wetmore Blanca -- None Available
Wetmore Blanca $215,000 First American Title Insuran
Arredondo Jose Jesus -- First American Title Insuran
Arredondo Jose Jesus $235,000 Dhi Title Of Arizona Inc
Notali Waylet $100,000 Stewart Title & Trust
Mckirahan Paul W -- Stewart Title & Trust
Mckirahan Paul W -- Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarinana Edwin M Araujo $363,298
Previous Owner Wetmore Blanca $161,250
Previous Owner Arredondo Jose Jesus $223,250
Previous Owner Notali Waylet $72,800
Previous Owner Mckirahan Paul W $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $370,000 0.0% $181 / Sq Ft
04/30/2022 04/30/22 Price Changed $369,999 0.0% $181 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/09/2022 01/09/22 For Sale $369,999 0.0% $181 / Sq Ft
11/23/2021 11/23/21 Off Market $370,000 -- --
11/05/2021 11/05/21 For Sale $369,999 0.0% $181 / Sq Ft
06/05/2020 06/05/20 Rented $800 -8.6% --
06/03/2020 06/03/20 Under Contract -- -- --
06/01/2020 06/01/20 For Rent $875 0.0% --
01/14/2019 01/14/19 Sold $215,000 +0.2% $105 / Sq Ft
12/27/2018 12/27/18 For Sale $214,500 0.0% $105 / Sq Ft
12/27/2018 12/27/18 Price Changed $214,500 0.0% $105 / Sq Ft
12/17/2018 12/17/18 For Sale $214,500 0.0% $105 / Sq Ft
11/30/2018 11/30/18 Pending -- -- --
10/29/2018 10/29/18 Pending -- -- --
10/20/2018 10/20/18 Price Changed $214,500 -0.2% $105 / Sq Ft
10/04/2018 10/04/18 For Sale $215,000 -- $105 / 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 $1,024 $8,377 -- --
2024 $1,006 $7,978 -- --
2023 $1,006 $29,900 $5,980 $23,920
2022 $973 $20,100 $4,020 $16,080
2021 $986 $18,970 $3,790 $15,180
2020 $961 $16,230 $3,240 $12,990
2019 $944 $14,430 $2,880 $11,550
2018 $919 $12,110 $2,420 $9,690
2017 $914 $10,310 $2,060 $8,250
2016 $898 $10,270 $2,050 $8,220
2015 $831 $8,650 $1,730 $6,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6317731

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-21-004