NOT LISTED FOR SALE

3843 N 23rd Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $514,000 - $648,542

-- Bed
-- Bath
1,400 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $224,750 $161 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $3,210/month

87 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of June 2016

Excellent single level Four-Plex located just South of Indian School Road, and very close to the I-17 Freeway. It also backs up to a Phoenix canal, which offers a biking and running path. The property has three large 2 bed/ 1 bath units, and one 1 bed/ 1 bath unit. All of the units have a private, fenced backyard area. The property is on a large parcel, with front private, paved parking.
It is located in a nice neighborhood consisting of single family homes and small apartment complexes. It is very close to employment opportunities, entertainment, schools, parks, and transportation. This is a great investment for an buyer looking for a stable, long term small apartment complex.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 01/16/2016

Coldwell Banker Commercial Realty

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Efrain Lozada

My Home Group Real Estate License #SA659226000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 110-04-025

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 12124

Building Details

  • Operating Expense $7,384
  • Gross Income $21,528
  • Net Operating Income $13,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Indian School Rd & 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: South on 23rd. West on Fairmont. South on 23rd Drive. Home on east side of 23rd Drive.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: 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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2880.0

Lot Info

  • Lot Size: 12124
  • Additional Parcels: No
  • Parcel #: 110-04-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 21528.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 13184.0
  • Annual Operating Expense: 7384.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1404.0
  • Tax Book Number: 110.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2016
Sold by
Vasquez Luz M
Bought by
Guzman Julian Juarez
Current Estimated Value
$579,514

Purchase Details

Listed on
Jan 16, 2016
Closed on
May 19, 2016
Sold by
Leung Raymond King Wai and Chiu Ann Wai Yin
Bought by
Guzman Julian Juarez
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Efrain Lozada
My Home Group Real Estate
List Price
$249,000
Sold Price
$224,750
Premium/Discount to List
-$24,250
-9.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Original Mortgage
$214,061
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2005
Sold by
Miller George T and Miller Judy K
Bought by
Leung Raymond King Wai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Leung Raymond King Wai
Bought by
Leung Raymond King Wai and Chiu Ann Wai Yin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Chiu Ann Wai Yin
Bought by
Leung Raymond King Wai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Walters Larry D and Walters Melena
Bought by
Miller George T and Miller Judy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
5.97%
Mortgage Type
VA

Purchase Details

Closed on
May 6, 1998
Sold by
Roetto Paul J
Bought by
Walters Larry and Walters Melena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,956
Interest Rate
7.07%
Mortgage Type
Assumption

Purchase Details

Closed on
Jan 24, 1995
Sold by
Hernandez Shannan K and Hernandez Shanan K
Bought by
Roetto Paul J and Paul J Roetto Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Guzman Julian Juarez -- Old Republic Title Agency
Guzman Julian Juarez $218,000 Old Republic Title Agency
Leung Raymond King Wai $297,000 Transnation Title
Leung Raymond King Wai -- Transnation Title
Leung Raymond King Wai -- Transnation Title
Miller George T $225,000 American Title Ins Agency Az
Walters Larry $127,000 Transnation Title Insurance
Roetto Paul J $75,855 North American Title Agency
Hernandez Shannan K -- North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guzman Julian Juarez $214,061
Previous Owner Leung Raymond King Wai $235,200
Previous Owner Leung Raymond King Wai $235,200
Previous Owner Miller George T $229,500
Previous Owner Walters Larry $56,956
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2016 06/16/16 Sold $224,750 -9.7% $161 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $249,000 -- $178 / 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 $1,792 $12,477 -- --
2024 $1,801 $11,883 -- --
2023 $1,801 $41,160 $8,230 $32,930
2022 $1,773 $30,380 $6,070 $24,310
2021 $1,790 $26,250 $5,250 $21,000
2020 $1,721 $23,110 $4,620 $18,490
2019 $1,699 $19,560 $3,910 $15,650
2018 $1,569 $17,060 $3,410 $13,650
2017 $1,549 $14,860 $2,970 $11,890
2016 $1,484 $12,870 $2,570 $10,300
2015 $1,404 $10,810 $2,160 $8,650
Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2016

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Mark Skelpsa

    HomeSmart Realty

    Section Image
  • Efrain Lozada

    Buyer's Agent in 2016

    Efrain Lozada

    My Home Group Real Estate

    (602) 942-4200

    1 in this area

    39 Total Sales

    Efrain Lozada
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5384157

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-025

Arizona Maricopa County Phoenix 85015 Alhambra

3843 N 23rd Dr, Phoenix, AZ

This home is located at 3843 N 23rd Dr, Phoenix, AZ 85015 since 16 January 2016 and is currently estimated at $579,514, approximately $413 per square foot. This property was built in 1984. 3843 N 23rd Dr is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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