$480,000
SOLD MAR 28, 2025
-- Bed
-- Bath
1,788 Sq Ft
10,367 Sq Ft Lot

Recently Sold

$268 Per Sq Ft

19% Below List Price

64 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2025

CALLING ALL INVESTORS! DUPLEX AND ZONED MULTI-FAMILY! Each unit is two bedrooms, one bath with carport and laundry area. Existing structure is in the middle of the large lot and there is room to expand. Great opportunity to update existing or add square footage. PLEASE NOTE- There is no rental history for this property as it is REO. Available to show anytime. Seller financing may be available. Buyer to verify all material facts including zoning.

Last Agent to Sell the Property

Jodi Angel

HomeSmart License #SA695340000 Listed on: 11/25/2024

HomeSmart

Last Buyer's Agent

Ana Jones

HomeSmart License #SA541777000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 150
  • Assessor Parcel Number 127-21-036-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 10367
  • East Citrus Acres Plat C Subdivision

Building Details

  • Operating Expense $1,422

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 40th St & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Unk
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST CITRUS ACRES PLAT C
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Concrete
  • Appliances: None, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 10367
  • Additional Parcels: No
  • Parcel #: 127-21-036-A

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Operating Expense: 1422.0

Tax Info

  • Tax Annual Amount: 1422.0
  • Tax Book Number: 127.00
  • Tax Lot: 150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Herb Ronald B
Bought by
Active Funding Group Llc
Current Estimated Value
$682,502

Purchase Details

Listed on
Nov 8, 2023
Closed on
Dec 28, 2023
Sold by
Kevin P Brown Trust and Joseph A Dandrea Trust
Bought by
3915 Earll Partners Llc
Seller's Agent
Reena Bradford
Compass
Buyer's Agent
Businge Katenta
Realty ONE Group
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.56%
Original Mortgage
$480,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2009
Sold by
Brown Kevin P
Bought by
Brown Kevin P and Kevin P Brown Trust

Purchase Details

Closed on
May 17, 2006
Sold by
Brown Kevin P
Bought by
Dandrea Joseph A and Joseph A Dandrea Trust Agreement

Purchase Details

Closed on
Apr 12, 2006
Sold by
Hoover Gary A
Bought by
Brown Kevin P

Purchase Details

Closed on
Apr 26, 2005
Sold by
Serafini Ron and Serafini Suzanne
Bought by
Brown Kevin P and Hoover Gary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,600
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 2004
Sold by
Biondo Charles A
Bought by
Serafini Ron and Serafini Suzanne

Purchase Details

Closed on
Aug 30, 2000
Sold by
Shaffer Gregory
Bought by
Biondo Charles A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 1995
Sold by
Kennedy James J
Bought by
Shaffer Douglas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
8.44%
Mortgage Type
New Conventional
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

Date Type Sale Price Title Company
Trustee Deed $552,708 None Listed On Document
Warranty Deed $750,000 Wfg National Title Insurance C
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Joint Tenancy Deed $180,800 Title Guaranty Agency Of Az
Trustee Deed $123,100 Fidelity National Title
Warranty Deed $108,000 Arizona Title Agency Inc
Warranty Deed $65,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $480,000 New Conventional
Previous Owner $144,600 Fannie Mae Freddie Mac
Previous Owner $102,600 New Conventional
Previous Owner $58,500 New Conventional
Closed $250,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $480,000 -15.0% $268 / Sq Ft
12/16/2024 12/16/24 Price Changed $565,000 -5.0% $316 / Sq Ft
11/25/2024 11/25/24 For Sale $595,000 -20.7% $333 / Sq Ft
12/29/2023 12/29/23 Sold $750,000 +7.1% $419 / Sq Ft View Prior Sale
11/16/2023 11/16/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $700,000 -- $391 / 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 $1,477 $10,933 -- --
2024 $1,405 $10,413 -- --
2023 $1,405 $41,800 $8,360 $33,440
2022 $1,350 $30,270 $6,050 $24,220
2021 $1,383 $28,930 $5,780 $23,150
2020 $1,349 $24,410 $4,880 $19,530
2019 $1,340 $19,250 $3,850 $15,400
2018 $1,312 $16,950 $3,390 $13,560
2017 $1,261 $14,520 $2,900 $11,620
2016 $1,213 $11,870 $2,370 $9,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6788246

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-036A