NOT LISTED FOR SALE

Estimated Value: $557,000 - $773,000

Studio
-- Bath
3,540 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2020

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

Est. 62% increase in value since last sale

Current estimated payment $3,734 / mo

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

0.25 Acres

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

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

Listed on
May 12, 2020
Closed on
Jun 23, 2020
Sold by
Bought by
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
$658,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,037
Avg. Annual Appreciation
8.48%
Original Mortgage
$397,654
Outstanding Balance
$337,979
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$320,058

Purchase Details

Closed on
Jun 18, 2018
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
$274,038
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 31, 2011
Closed on
Feb 6, 2012
Sold by
Bought by
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
13.28%

Purchase Details

Closed on
Jan 13, 2010
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
$59,500
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2005
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
$211,050
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 2, 1997
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
$405,000 Security Title Agency Inc
$283,500 Empire West Title Agency Llc
$110,000 Clear Title Agency Of Arizon
-- First American Title Ins Co
-- First American Title Ins Co
$83,000 First American Title Ins Co
$223,589 Servicelink
$301,500 Chicago Title Insurance Co
-- --
-- Grand Canyon Title Agency In
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 $397,654
Previous Owner $274,038
Previous Owner $59,500
Previous Owner $211,050
Closed $75,370
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 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

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 $2,245 $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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6077355

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-024

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