NOT LISTED FOR SALE

Estimated Value: $324,000 - $875,000

1 Bed
1 Bath
650 Sq Ft
$1,007/Sq Ft Est. Value

Last Sold March 05, 2018

Last sale price $298,000 $458 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $3,499/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2018

This fully occupied 5-unit property is minutes away from Downtown Phoenix, Gateway
Community College & Phoenix Sky Harbor International Airport. It's close to food, restaurants,
shopping and public transportation, which helps keep it rented all year long. The property consists
of a 4-plex (1 bed/1 bath $533/mo, 2 bed/1 bath $550/mo, 2 bed/1 bath $600/mo, 3 bed/1 bath
$695/mo) and a detached 3 bed/1 bath house for $750/mo. Unit interiors have been lightly renovated
over the last 2 years. All lease & income/expense information available upon request.

Last Agent to Sell the Property

Jason J. Geroux

4:10 Real Estate, LLC License #BR586634000 Listed on: 01/25/2018

Last Buyer's Agent

Kendra Davidson

Erickson Realty Group L.L.C. License #SA661888000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1945

Lot Details

  • 0.31

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Free Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot -/-/3
  • Assessor Parcel Number 121-14-043

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 13360
  • Gateway Park Subdivision

Building Details

  • Operating Expense $930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 38th St & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: GATEWAY PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Individual
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 13360
  • Additional Parcels: No
  • Parcel #: 121-14-043

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Annual Operating Expense: 930.0

Tax Info

  • Tax Annual Amount: 930.0
  • Tax Book Number: 121.00
  • Tax Lot: -/-/3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Feb 14, 2018
Sold by
Kylo Properties Llc
Bought by
Tarako Investment Llc
Seller's Agent
Jason J. Geroux
4:10 Real Estate, LLC
Buyer's Agent
Kendra Davidson
Erickson Realty Group L.L.C.
List Price
$295,000
Sold Price
$298,000
Premium/Discount to List
$3,000
1.02%
Current Estimated Value
$654,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,719
Avg. Annual Appreciation
10.48%
Original Mortgage
$208,600
Outstanding Balance
$176,887
Interest Rate
4.04%
Mortgage Type
Commercial
Estimated Equity
$477,832

Purchase Details

Listed on
May 6, 2016
Closed on
Jun 29, 2016
Sold by
C & S Properties & Investments Llc
Bought by
Kylo Properties Llc
Seller's Agent
SLava Kosta
DeLex Realty
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$219,900
Sold Price
$231,000
Premium/Discount to List
$11,100
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.37%
Original Mortgage
$180,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 1, 2013
Closed on
Feb 19, 2014
Sold by
Lindholm Bradley L and Lindholm Shelley B
Bought by
C & S Properties & Investments Llc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
SLava Kosta
DeLex Realty
List Price
$224,900
Sold Price
$148,000
Premium/Discount to List
-$76,900
-34.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.96%
Original Mortgage
$123,000
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 25, 2013
Sold by
Rodriguez William Monroe
Bought by
Lindholm Bradley L and Lindholm Shelley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2013
Sold by
Evelyn John and Evelyn Evelyn
Bought by
Rodriguez William Monroe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2013
Sold by
Rodriguez Teresa Duhancik
Bought by
Rodriguez William Monroe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2012
Sold by
Hassell Walter L and Hassell Patricia
Bought by
Evelyn John and Evelyn Evelyn

Purchase Details

Closed on
Sep 20, 2008
Sold by
Hassell Walter and Hassell Patricia
Bought by
Hassell Walter L and Hassell Patricia
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
Tarako Investment Llc $298,000 Security Title Agency Inc
Kylo Properties Llc $225,000 Security Title Agency Inc
C & S Properties & Investments Llc $148,000 Sterling Title Agency Llc
Lindholm Bradley L $130,000 Title365 Agency
Rodriguez William Monroe $80,000 Title365 Agency
Rodriguez William Monroe -- Title365 Agency
Evelyn John $80,000 Empire West Title Agency
Hassell Walter L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tarako Investment Llc $208,600
Previous Owner Kylo Properties Llc $180,000
Previous Owner C & S Properties & Investments Llc $123,000
Previous Owner Rodriguez William Monroe $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2018 03/05/18 Sold $298,000 +1.0% $458 / Sq Ft
01/28/2018 01/28/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $295,000 +27.7% $454 / Sq Ft
07/01/2016 07/01/16 Sold $231,000 +5.0% $355 / Sq Ft View Prior Sale
06/27/2016 06/27/16 For Sale $219,900 0.0% $338 / Sq Ft
06/27/2016 06/27/16 Price Changed $219,900 0.0% $338 / Sq Ft
05/06/2016 05/06/16 For Sale $219,900 +48.6% $338 / Sq Ft
02/28/2014 02/28/14 Sold $148,000 -34.2% $228 / Sq Ft View Prior Sale
02/10/2014 02/10/14 Pending -- -- --
08/01/2013 08/01/13 For Sale $224,900 -- $346 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,154 $9,039 -- --
2024 $1,075 $8,609 -- --
2023 $1,075 $44,220 $8,840 $35,380
2022 $1,037 $32,680 $6,530 $26,150
2021 $1,054 $26,920 $5,380 $21,540
2020 $1,035 $22,330 $4,460 $17,870
2019 $1,030 $17,210 $3,440 $13,770
2018 $971 $13,760 $2,750 $11,010
2017 $930 $13,710 $2,740 $10,970
2016 $910 $10,770 $2,150 $8,620
2015 $854 $8,620 $1,720 $6,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5714003

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-14-043