NOT LISTED FOR SALE
12 Beds
12 Baths
2,000 Sq Ft
1984 Built

Sale Details

Date Sold: April 19, 2017

Last sale price $815,000 $408 Per Sq Ft

26 Days on Market

Highlights

  • Cooling Available
  • Patio
  • Landscaped
  • Longview Elementary School Rated 9+
  • Ceramic Tile Flooring

About This Home

As of April 2017

Rare opportunity in the Pierson Park District. Seller has treasured this property for 23 years and pride of investment is very apparent. Well Maintained 1000 sqft 2 bed 2 bath units, Remodeled in 2016 with laundry in all units. Value Add Rents that are ready to move up to market with this amazing location and condition. Roof resurfaced in 2016, AC Units maintained and in good condition. Tile in all the right places Tenants love the private decks and patios, Income in Proforma are from seller provided 2016 Rent Roll. All facts and figures are approximant. Buyer to verify to their satisfaction

Last Agent to Sell the Property

Eric Hegarty

Levrose Real Estate License #SA650759000 Listed on: 03/06/2017

Last Buyer's Agent

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,131

Year Built

  • Built in 1984

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Patio
  • Landscaped

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Legal Lot and Block 6 / 2
  • Assessor Parcel Number 155-35-008

Community Details

Overview

  • 6 Units
  • Building Dimensions are 76x152
  • Pierson Place Blk 2 Subdivision

Building Details

  • Operating Expense $21,364
  • Gross Income $58,472
  • Net Operating Income $37,107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,131

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 3rd Ave and Camelback
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2016
  • Professional Management Expense: 5847.0
  • Subdivision Name: PIERSON PLACE BLK 2
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Heat Pump, Individual
  • Electric:Electric: Individual Meter
  • Sale Includes:Sale Includes: Building(s) Only, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer
  • Interior Features:Interior Features: Fire/Smoke Alarm(s)

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Foam
  • Exterior Amenities: Green Landscaping, Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Carport
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Carport

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Varies by Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 3886.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 76x152
  • Additional Parcels: No
  • Parcel #: 155-35-008

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 600.0
  • Annual Gross Income: 58471.6
  • Insurance Expense: 2500.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 37107.0
  • Annual Operating Expense: 21364.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3131.0
  • Tax Block: 2
  • Tax Book Number: 155.0
  • Tax Lot: 6

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

Closed on
Jun 24, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,790
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 6, 2017
Closed on
Apr 17, 2017
Sold by
Bought by
Seller's Agent
Eric Hegarty
Levrose Real Estate
Buyer's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
List Price
$825,000
Sold Price
$815,000
Premium/Discount to List
-$10,000
-1.21%

Purchase Details

Closed on
Oct 27, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 1994
Sold by
Bought by
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

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
$950,000 Fidelity Natl Ttl Agcy Inc
$815,000 Clear Title Agency Of Arizon
-- None Available
-- --
$190,000 Lawyers 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
Open $877,500
Closed $557,790
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
04/19/2017 04/19/17 Sold $815,000 -1.2% $408 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $825,000 -- $413 / 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 $4,153 $31,983
2024 $3,877 $30,460
2023 $3,877 $138,170 $27,630 $110,540
2022 $3,856 $90,500 $18,100 $72,400
2021 $3,921 $80,410 $16,080 $64,330
2020 $3,822 $76,460 $15,290 $61,170
2019 $3,656 $54,580 $10,910 $43,670
2018 $3,535 $48,480 $9,690 $38,790
2017 $3,246 $46,570 $9,310 $37,260
2016 $3,131 $35,910 $7,180 $28,730
2015 $2,911 $29,050 $5,810 $23,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5571824

Arizona Regional Multiple Listing Service (ARMLS)
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