NOT LISTED FOR SALE

Estimated Value: $671,000 - $754,116

Studio
-- Bath
3,415 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

Last sale price $750,000 $220 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,010 / mo

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2023

4 UNITS 2 BEDROOMS 1 BATHROOM EACH. OWNER HAVE REMODEL THE 2 END UNITS AND REPLACED 3 AIR CONDITIONING UNITS. LONG TERM TENANTS IN PLACE. IF YOU CONSIDER THE PRICE... THIS IS THE CHEAPEST COMPLEX PER DOOR. THERE IS POTENTIAL FOR RENT INCREASES, YOU CAN AQUIRE THE BUILDING AS AN INVESTMENT OR FOR SOMEONE TO LIVE IN ONE UNIT AND RENT THE REST. BUYER HAS TO AGREE TO PARTICIPATE ON A 1031 EXCHANGE WITH NO COST TO BUYER.

Last Agent to Sell the Property

Noe Jimenez

West USA Realty License #SA104421000 Listed on: 06/22/2023

West USA Realty

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,919

Year Built

  • Built in 1950

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 37 / 1
  • Assessor Parcel Number 110-09-036

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11900
  • Westwood Terrace Subdivision

Building Details

  • Operating Expense $5,250
  • Gross Income $46,800
  • Net Operating Income $46,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,919

Year Built

Built in 1950

Lot Details

0.27 Acres

Listing Details

  • Cross Street: INDIAN SCHOOL RD. AND 15TH AVE.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI-FAMILY
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: WESTWOOD TERRACE
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned, 1 Space/Unit
  • 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:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3331.0

Lot Info

  • Lot Size: 11900
  • Additional Parcels: No
  • Parcel #: 110-09-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 46800.0
  • Property Net Operating Income: 46800.0
  • Annual Operating Expense: 5250.0

Tax Info

  • Tax Annual Amount: 1919.0
  • Tax Block: 1
  • Tax Book Number: 110.00
  • Tax Lot: 37

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
Oct 22, 2023
Sold by
Bought by
Current Estimated Value
$714,779

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 28, 2023
Sold by
Bought by
Seller's Agent
Noe Jimenez
West USA Realty
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$750,000
Sold Price
$750,000
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.63%
Original Mortgage
$525,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2021
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
$60,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2004
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
$161,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2000
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
-- None Listed On Document
$750,000 Empire Title Agency
$425,000 Stewart Title
$155,000 American Title Service Agenc
-- --
$119,900 American Title Insurance
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
Previous Owner $525,000
Previous Owner $60,000
Previous Owner $365,000
Previous Owner $161,000
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
07/28/2023 07/28/23 Sold $750,000 0.0% $220 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $750,000 -- $220 / 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 $2,067 $15,919 -- --
2024 $1,930 $15,161 -- --
2023 $1,930 $66,050 $13,210 $52,840
2022 $1,919 $45,030 $9,000 $36,030
2021 $1,952 $38,380 $7,670 $30,710
2020 $1,902 $31,280 $6,250 $25,030
2019 $1,820 $26,530 $5,300 $21,230
2018 $1,760 $20,600 $4,120 $16,480
2017 $1,615 $19,230 $3,840 $15,390
2016 $1,558 $16,960 $3,390 $13,570
2015 $1,449 $15,260 $3,050 $12,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6571609

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-09-036

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