NOT LISTED FOR SALE

Estimated Value: $403,000 - $762,000

Studio
-- Bath
1,400 Sq Ft
$399/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2016

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

Est. 148% increase in value since last sale

Current estimated payment $3,174 / mo

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

0.28 Acres

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
  • 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

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
Sep 19, 2016
Sold by
Bought by
Current Estimated Value
$558,368

Purchase Details

Listed on
Jan 16, 2016
Closed on
May 19, 2016
Sold by
Bought by
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
9.51%
Original Mortgage
$214,061
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 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
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 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
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 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
$235,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
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
$229,500
Interest Rate
5.96%
Mortgage Type
VA

Purchase Details

Closed on
May 6, 1998
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
$56,956
Interest Rate
7.07%
Mortgage Type
Assumption

Purchase Details

Closed on
Jan 24, 1995
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
-- Old Republic Title Agency
$218,000 Old Republic Title Agency
$297,000 Transnation Title
-- Transnation Title
-- Transnation Title
$225,000 American Title Ins Agency Az
$127,000 Transnation Title Insurance
$75,855 North American Title Agency
-- North American Title Agency
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 $214,061
Previous Owner $235,200
Previous Owner $235,200
Previous Owner $229,500
Previous Owner $56,956
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
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

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 $1,973 $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

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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

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