$300,000
SOLD APR 14, 2013
-- Bed
-- Bath
2,744 Sq Ft
9,453 Sq Ft Lot

Recently Sold

$109 Per Sq Ft

15 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of October 2020

This is the best all 2 bedroom 4-plex in all of Phoenix. 100% occupied! Located in the Central Corridor near the light rail. The building was remodeled in 2007 with new cabinets, granite counters, black appliances, dual pane windows, tile throughout, new tubs, sinks, doors, ceiling fans, and paint. On-site laundry for extra income. Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 02/26/2013

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,022

Year Built

  • Built in 1963

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 118-24-111-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50X185

Building Details

  • Operating Expense $11,642
  • Gross Income $1,435
  • Net Operating Income $18,203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,022

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 3rd St & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2012
  • Directions: South to Clarendon, east to 4th St, north to property.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Professional Management Expense: 1620.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: 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:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: 50X185
  • Additional Parcels: No
  • Parcel #: 118-24-111-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 1434.6
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 18203.0
  • Annual Operating Expense: 11642.12
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1022.12
  • Tax Book Number: 118.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2020
Sold by
Miles Danielle Renae
Bought by
Villarreal Mike
Current Estimated Value
$849,931

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 26, 2020
Sold by
Schiff Karin Rashcovsky and Levine Jaime
Bought by
Fourth3837 Llc
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$468,750
Outstanding Balance
$421,612
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$428,319

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 24, 2020
Sold by
Burke Christopher A
Bought by
Schiff Karin Rashcovsky and Levine Jaime
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Outstanding Balance
$421,612
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$428,319

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 23, 2018
Sold by
Collins William Rogg and Petosa Stephen J
Bought by
Burke Christopher A
Seller's Agent
Jack Cardinal
Cooper Cardinal and Company
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.80%
Original Mortgage
$380,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 16, 2018
Sold by
Collins William Rogg and Petosa Stephen J
Bought by
Burke Christopher A
Seller's Agent
Jack Cardinal
Cooper Cardinal and Company
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2013
Closed on
Apr 5, 2013
Sold by
Pfe Properties Llc
Bought by
Collins William Rogg and Petosa Stephen J
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Apr 27, 2010
Sold by
Pikula Anett
Bought by
Patel Alpesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 3, 2010
Sold by
Garcia Ramiro and Garcia Ofelia
Bought by
Pikula Anett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.04%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2007
Sold by
German Mary Carmen
Bought by
Garcia Ramiro and Garcia Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2006
Sold by
Innercity Enterprises Llc
Bought by
German Mary Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,750
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 6, 2004
Sold by
Ramirez Alejandro and Ramirez Alejandro A
Bought by
Givens Christopher L and Givens Alison K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2001
Sold by
Ramirez Aurora
Bought by
Ramirez Alejandro A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,688
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 2000
Sold by
Aguilera Juan and Aguilera Angie
Bought by
Ramirez Alejandro and Ramirez Alejandro A

Purchase Details

Closed on
May 3, 1996
Sold by
Findley Robert J
Bought by
Aguilera Juan and Aguilera Angie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,014
Interest Rate
7.97%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Empire West Title Agency Llc
Warranty Deed -- Accommodation
Warranty Deed $625,000 Great American Title Agency
Warranty Deed -- Magnus Title Agency Llc
Warranty Deed $400,000 Magnus Title Agency Llc
Cash Sale Deed $300,000 Chicago Title Agency Inc
Cash Sale Deed $216,000 Lawyers Title Of Arizona Inc
Warranty Deed $134,000 Security Title Agency
Special Warranty Deed $515,000 Camelback Title Agency Llc
Warranty Deed $347,500 Camelback Title Agency Llc
Warranty Deed $300,000 First American Title Ins Co
Interfamily Deed Transfer -- --
Warranty Deed $150,360 Grand Canyon Title Agency In
Warranty Deed $71,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,750 New Conventional
Previous Owner $379,000 New Conventional
Previous Owner $380,000 New Conventional
Previous Owner $30,000 Unknown
Previous Owner $119,000 Purchase Money Mortgage
Previous Owner $412,000 New Conventional
Previous Owner $34,750 Stand Alone Second
Previous Owner $278,000 Purchase Money Mortgage
Previous Owner $201,500 New Conventional
Previous Owner $144,688 FHA
Previous Owner $48,014 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $625,000 0.0% $228 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $625,000 +56.3% $228 / Sq Ft
03/01/2018 03/01/18 Sold $400,000 0.0% $146 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $400,000 0.0% $146 / Sq Ft
10/01/2014 10/01/14 Rented $695 0.0% --
10/01/2014 10/01/14 Under Contract -- -- --
08/19/2014 08/19/14 For Rent $695 0.0% --
09/03/2013 09/03/13 Rented $695 -0.7% --
09/03/2013 09/03/13 Under Contract -- -- --
05/01/2013 05/01/13 For Rent $700 0.0% --
04/14/2013 04/14/13 Sold $300,000 0.0% $109 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $300,000 -- $109 / 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 $2,023 $16,120 -- --
2024 $1,954 $15,352 -- --
2023 $1,954 $55,810 $11,160 $44,650
2022 $1,943 $43,830 $8,760 $35,070
2021 $1,976 $36,760 $7,350 $29,410
2020 $1,926 $30,310 $6,060 $24,250
2019 $1,843 $30,400 $6,080 $24,320
2018 $1,782 $26,200 $5,240 $20,960
2017 $1,636 $23,520 $4,700 $18,820
2016 $1,578 $19,050 $3,810 $15,240
2015 $1,467 $17,170 $3,430 $13,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4895742

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-24-111A