NOT LISTED FOR SALE

Estimated Value: $557,692 - $802,000

Studio
-- Bath
3,540 Sq Ft
$192/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $405,000 $114 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,787/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of July 2020

Awesome 4-plex in great rental area! All units are rented with long term tenants! Units feature tile floors, spacious rooms, 2 bedroom, 2 bath with indoor Landry. Upgraded kitchens, 2 units have microwaves, all have dishwashers, disposals, stoves and refrigerators. All units have private storage closets, the 2 back units have fenced private yards.
less than .04 to I-17, 1 mile to light rail for access to entire Valley as well as shopping centers and minutes from Downtown Phoenix!
Enjoy bike riding and walking along the Canal pathway which has been recently upgraded in this area.

Last Agent to Sell the Property

Debbie Silacci

Arizona Property Brokerage License #BR037032000 Listed on: 05/12/2020

Co-Listed By

Michael Norton

Arizona Property Brokerage

Last Buyer's Agent

Stephanie Lambert

My Home Group Real Estate License #SA651712000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,934

Year Built

  • Built in 1980

Lot Details

  • 0.25

Parking

  • Paved Parking

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 24
  • Assessor Parcel Number 110-04-024

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,992 SQ FT
  • Gerardo Park Lots 11 39 Subdivision

Building Details

  • Operating Expense $11,854
  • Gross Income $38,100
  • Net Operating Income $28,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,934

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Indian School X 23rd Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2019
  • Road Surface Type: Concrete
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: sila01
  • Co List Office Phone: 602-368-4400
  • Subdivision Name: GERARDO PARK LOTS 11-39
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Trash Expense: 925.0
  • Annual Water Sewer Expense: 916.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10,992 SQ FT
  • Additional Parcels: No
  • Parcel #: 110-04-024

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 38100.0
  • Insurance Expense: 1759.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 28246.0
  • Annual Operating Expense: 11854.0

Tax Info

  • Tax Annual Amount: 1934.0
  • Tax Book Number: 110.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 23, 2020
Sold by
Silacci Deborah Anne
Bought by
Hooks Anthony M
Seller's Agent
Debbie Silacci
Arizona Property Brokerage
Buyer's Agent
Stephanie Lambert
My Home Group Real Estate
List Price
$405,000
Sold Price
$405,000
Current Estimated Value
$678,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,423
Avg. Annual Appreciation
9.72%
Original Mortgage
$397,654
Outstanding Balance
$337,979
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$340,444

Purchase Details

Closed on
Jun 18, 2018
Sold by
Neiman Eddie L and The Neiman Seek Trust
Bought by
Silacci Deborah Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,038
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 31, 2011
Closed on
Feb 6, 2012
Sold by
Gros Richard A and Gros Sharlie A
Bought by
Neiman Eddie L
Seller's Agent
Debbie Silacci
Arizona Property Brokerage
Buyer's Agent
Debbie Silacci
Arizona Property Brokerage
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%

Purchase Details

Closed on
Jan 13, 2010
Sold by
Gros Richard A
Bought by
Gros Richard A and Gros Sharlie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2009
Sold by
Gros Sharlie A
Bought by
Gros Richard A

Purchase Details

Closed on
Jun 21, 2008
Sold by
Morris Bretton
Bought by
American Home Mortgage Servicing Inc

Purchase Details

Closed on
Jun 9, 2005
Sold by
T Bar C Land & Camel Co Llc
Bought by
Morris Bretton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,050
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1999
Sold by
Coury Family Asset Partnership Llp
Bought by
The T Bar C Land & Camel Company Llc

Purchase Details

Closed on
Oct 2, 1997
Sold by
Coury Peter James and Coury Pati Sue
Bought by
T Bar C Land & Camel Company
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hooks Anthony M $405,000 Security Title Agency Inc
Silacci Deborah Anne $283,500 Empire West Title Agency Llc
Neiman Eddie L $110,000 Clear Title Agency Of Arizon
Gros Richard A -- First American Title Ins Co
Gros Richard A -- First American Title Ins Co
Gros Richard S $83,000 First American Title Ins Co
American Home Mortgage Servicing Inc $223,589 Servicelink
Morris Bretton $301,500 Chicago Title Insurance Co
The T Bar C Land & Camel Company Llc -- --
T Bar C Land & Camel Company -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hooks Anthony M $397,654
Previous Owner Silacci Deborah Anne $274,038
Previous Owner Gros Richard A $59,500
Previous Owner Morris Bretton $211,050
Closed Morris Bretton $75,370
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2020 07/06/20 Sold $405,000 0.0% $114 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $405,000 +268.2% $114 / Sq Ft
02/17/2012 02/17/12 Sold $110,000 -8.3% $138 / Sq Ft View Prior Sale
01/22/2012 01/22/12 Pending -- -- --
12/31/2011 12/31/11 For Sale $120,000 -- $150 / 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 $2,245 $14,200 -- --
2024 $2,050 $13,524 -- --
2023 $2,050 $48,720 $9,740 $38,980
2022 $2,018 $36,200 $7,240 $28,960
2021 $2,037 $30,180 $6,030 $24,150
2020 $1,958 $25,950 $5,190 $20,760
2019 $1,934 $21,830 $4,360 $17,470
2018 $1,786 $18,780 $3,750 $15,030
2017 $1,763 $17,220 $3,440 $13,780
2016 $1,689 $15,050 $3,010 $12,040
2015 $1,598 $12,830 $2,560 $10,270
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6077355

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-024