NOT LISTED FOR SALE

Estimated Value: $527,180 - $748,000

-- Bed
-- Bath
3,360 Sq Ft
$198/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $246,000 $73 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $3,664/month

199 Days on Market

About This Home

As of March 2016

WELL MAINTAINED FOUR-PLEX ON A NICE LOT. EXCELLENT PERFORMANCE AND APPRECIATION ALL UNITS MAINTAIN CONSISTENT OCCUPANCY WHICH MAKES THIS A GREAT INVESTMENT PROPERTY! The second Parcel is #149-39-101-B *Can be bought with MLS#5313532. Hard to find ALL 2 bedrooms with 100% Occupancy! Right on the Lightrail that is being completed NOW! Coupled with the property next to this one-buying 8 units with Residential Financing is always a plus! Open and there are fenced courtyards for the Tenants-A real winner!

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 07/29/2015

Last Buyer's Agent

Donna Scovil

Century 21 Northwest License #SA047214000

Century 21 Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,387

Year Built

  • Built in 1964

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 59
  • Assessor Parcel Number 149-39-062

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Parkwood Sub Unit No 2 Subdivision

Building Details

  • Operating Expense $1,387

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,387

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 37TH AVE & DUNLAP
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2015
  • Directions: N. ON 37TH AVE. PROPERTY SITS ON THE NW CORNER OF 37TH AVE AND DUNLAP
  • Road Surface Type: Asphalt
  • Subdivision Name: PARKWOOD SUB UNIT NO 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Common
  • Attached Garage: No
  • 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:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • 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:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 149-39-062

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1387.0

Tax Info

  • Tax Annual Amount: 1387.0
  • Tax Book Number: 149.00
  • Tax Lot: 59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2017
Sold by
Lanini Erik
Bought by
Playa De Negro Properties Llc
Current Estimated Value
$664,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$105,305
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$452,880

Purchase Details

Closed on
Sep 26, 2017
Sold by
Lanini Heidi
Bought by
Lanini Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$105,305
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$452,880

Purchase Details

Closed on
Jul 26, 2017
Sold by
Playa De Negro Properties Llc
Bought by
Lanini Erik

Purchase Details

Closed on
Dec 9, 2016
Sold by
Lanini Erik
Bought by
Playa De Negro Properties Llc

Purchase Details

Listed on
Jul 29, 2015
Closed on
Mar 22, 2016
Sold by
Gf3 Investments Llc
Bought by
Lanini Erik
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Donna Scovil
Century 21 Northwest
List Price
$285,000
Sold Price
$246,000
Premium/Discount to List
-$39,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$176,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2015
Closed on
Mar 18, 2016
Sold by
Lanini Heidi and Lanini Erik
Bought by
Lanini Erik
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Donna Scovil
Century 21 Northwest
List Price
$285,000
Sold Price
$246,000
Premium/Discount to List
-$39,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2005
Sold by
Fong Geheris Minor
Bought by
Gf3 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,900
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 23, 2005
Sold by
Callis D Michael and Callis Marsha L
Bought by
Fong Geheris Minor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,900
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 31, 2005
Sold by
Graves Fong Kerry
Bought by
Fong Geheris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,900
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 6, 2002
Sold by
Patton Robert W and Patton Patricia A
Bought by
Callis D Michael and Callis Marsha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 1995
Sold by
Formoso Peter and Formos Aurelya
Bought by
Patton Robert W and Patton Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Playa De Negro Properties Llc -- Accommodation
Lanini Erik -- Dhi Title Agency
Lanini Erik -- Dhi Title Agency
Playa De Negro Properties Llc -- None Available
Lanini Erik $246,000 Empire West Title Agency
Lanini Erik -- Empire West Title Agency
Gf3 Investments Llc -- --
Fong Geheris Minor $329,000 Capital Title Agency Inc
Fong Geheris M -- Capital Title Agency Inc
Callis D Michael $187,000 Capital Title Agency Inc
Patton Robert W $100,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanini Erik $184,000
Previous Owner Lanini Erik $176,000
Previous Owner Lanini Erik $176,000
Previous Owner Fong Geheris Minor $32,900
Previous Owner Fong Geheris Minor $263,200
Previous Owner Callis D Michael $149,600
Previous Owner Patton Robert W $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $246,000 -13.7% $73 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
07/29/2015 07/29/15 For Sale $285,000 -- $85 / 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 $1,709 $13,973 -- --
2024 $1,678 $13,308 -- --
2023 $1,678 $49,700 $9,940 $39,760
2022 $1,623 $33,150 $6,630 $26,520
2021 $1,644 $30,700 $6,140 $24,560
2020 $1,603 $25,870 $5,170 $20,700
2019 $1,574 $23,000 $4,600 $18,400
2018 $1,533 $19,170 $3,830 $15,340
2017 $1,525 $17,030 $3,400 $13,630
2016 $1,497 $17,670 $3,530 $14,140
2015 $1,387 $14,730 $2,940 $11,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5313536

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-39-062