NOT LISTED FOR SALE

Estimated Value: $593,000 - $646,183

-- Bed
-- Bath
1,664 Sq Ft
$371/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $359,000 $216 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,416/month

6 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of September 2019

Don't miss this Great Investment Opportunity!
4plex w/ 2 Separate Buildings, one tax parcel. Newer Roofs and All Newer AC Units! Private Courtyard. Laundry Area & Storage Rooms,
Block Stucco w/Steel Doors & Jambs. All 2 Bed 1 Bath Units, Tenants Care for their Units and Pay Rent on Time! Beautiful Trees and Grounds w/Desert Landscape
for Easy Maintenance! No HOA to deal with / No HOA Dues!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 08/09/2019

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Jeffery Chesleigh

HomeSmart License #SA014098000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,592

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 36
  • Assessor Parcel Number 110-04-026

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11,424
  • Gerardo Park Lots 11 39 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $10,266
  • Gross Income $33,600
  • Net Operating Income $23,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,592

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 23RD AVE & INDIAN SCHOOL
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Directions: South on N 23rd Ave West on Fairmount Ave, South on 23rd Dr, 2nd Property on East side
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1630.0
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: GERARDO PARK LOTS 11-39
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 4440.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11,424
  • Additional Parcels: No
  • Parcel #: 110-04-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 204.44
  • Annual Gross Income: 33600.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 23354.56
  • Annual Operating Expense: 10266.44

Tax Info

  • Tax Annual Amount: 1592.0
  • Tax Book Number: 110.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 12, 2019
Sold by
Patten Donald Howard Van
Bought by
Musto Anthony J
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$359,000
Sold Price
$359,000
Current Estimated Value
$618,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,046
Avg. Annual Appreciation
9.83%
Original Mortgage
$352,497
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2019
Sold by
Vanpatten Don Howard
Bought by
Vanpatten Donald Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,300
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2016
Closed on
Sep 23, 2016
Sold by
Sun Equity Llc
Bought by
Vanpatten Don Howard
Seller's Agent
Andrew Hoyt
HomeSmart Premier
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$225,000
Sold Price
$219,900
Premium/Discount to List
-$5,100
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%
Original Mortgage
$164,925
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Hernandez Rodrigo Ayala and Ayala Adelaida V
Bought by
Sun Equity Llc

Purchase Details

Closed on
Dec 18, 2006
Sold by
Ayala Rodrigo and Ayala Adelaida V
Bought by
Hernandez Rodrigo Ayala and Ayala Adelaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2000
Sold by
Ziefel Raymond J
Bought by
Ayala Rodrigo and Ayala Adelaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,192
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2000
Sold by
Ziefel Linda J
Bought by
Ziefel Raymond J

Purchase Details

Closed on
Apr 9, 1999
Sold by
Ehmann Bernard F and Ehmann Sandra
Bought by
Ziefel Raymond J and Ziefel Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.91%
Mortgage Type
New Conventional
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
Musto Anthony J $359,000 Security Title Agency Inc
Vanpatten Donald Howard -- Title Alliance Of Arizona Ll
Vanpatten Don Howard $219,900 Driggs Title Agency Inc
Sun Equity Llc $92,000 Equity Title Agency Inc
Hernandez Rodrigo Ayala -- Capital Title Agency Inc
Ayala Rodrigo $159,250 Grand Canyon Title Agency In
Ziefel Raymond J -- --
Ziefel Raymond J $125,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musto Anthony J $352,497
Previous Owner Vanpatten Donald Howard $202,300
Previous Owner Vanpatten Don Howard $164,925
Previous Owner Hernandez Rodrigo Ayala $227,500
Previous Owner Ayala Rodrigo $158,192
Previous Owner Ziefel Raymond J $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $359,000 0.0% $216 / Sq Ft
09/19/2019 09/19/19 For Sale $359,000 0.0% $216 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $359,000 +63.3% $216 / Sq Ft
09/28/2016 09/28/16 Sold $219,900 -2.3% $132 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $225,000 0.0% $135 / Sq Ft
08/25/2016 08/25/16 Price Changed $225,000 0.0% $135 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/16/2016 06/16/16 Price Changed $225,000 -2.1% $135 / Sq Ft
06/15/2016 06/15/16 For Sale $229,900 0.0% $138 / Sq Ft
06/15/2016 06/15/16 Price Changed $229,900 0.0% $138 / Sq Ft
06/03/2016 06/03/16 Price Changed $229,900 -4.2% $138 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $240,000 -- $144 / 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 $1,818 $12,656 -- --
2024 $1,827 $12,054 -- --
2023 $1,827 $41,770 $8,350 $33,420
2022 $1,799 $30,850 $6,170 $24,680
2021 $1,815 $26,570 $5,310 $21,260
2020 $1,745 $23,400 $4,680 $18,720
2019 $1,724 $19,880 $3,970 $15,910
2018 $1,592 $17,370 $3,470 $13,900
2017 $1,571 $15,130 $3,020 $12,110
2016 $1,505 $13,070 $2,610 $10,460
2015 $1,425 $11,010 $2,200 $8,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5963765

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-026