NOT LISTED FOR SALE

Estimated Value: $657,713 - $919,000

4 Beds
-- Bath
2,225 Sq Ft
$336/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $661,000 $297 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,086/month

8 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of May 2022

Nice 4 plex has 4-1 bedroom units. All units have been updated within the past 2-5 years .All units have ceiling fans, includerefrigerators/ranges, back patio areas. First unit has a large yard. All tenants have leases in effect. Great location, close to downtown Phx, restaurants and entertainment!

Last Agent to Sell the Property

Bev Wright

Preferred Property Consultants LLC License #BR117026000 Listed on: 04/07/2022

Last Buyer's Agent

Wendy Ernst

Blanco Realty License #SA689691000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,643

Year Built

  • Built in 1955

Lot Details

  • 0.33

Home Design

  • Tile Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Car Attached Garage
  • Carport

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 118-02-126

Community Details

Overview

  • 4 Units
  • Building Dimensions are .033

Building Details

  • Operating Expense $8,183
  • Gross Income $37,800
  • Net Operating Income $31,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,643

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 12th st and Indian School Road
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2021
  • Directions: 12th st south to Fairmont east to Longivew, mailing address (WHICH IS ON BUILDING SHOWS 3917)
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Attached, <1 Space Per Unit, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes

Fee Information

  • Trash Expense: 2280.0
  • Annual Water Sewer Expense: 2100.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: .033
  • Additional Parcels: No
  • Parcel #: 118-02-126

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 37800.0
  • Property Net Operating Income: 31260.0
  • Annual Operating Expense: 8183.0

Tax Info

  • Tax Annual Amount: 1643.0
  • Tax Book Number: 118.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2010
Sold by
Banovac William D and Banovac Catherine J
Bought by
Negrete John D and Negrete Deborah Garcia
Current Estimated Value
$747,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2009
Sold by
Saxon Mortgage Services Inc
Bought by
Lasalle Bank National Association

Purchase Details

Closed on
Apr 15, 2009
Sold by
Lasalle Bank National Association
Bought by
Banovac William and Banovac Catherine

Purchase Details

Closed on
Jan 21, 2009
Sold by
Gray Russell and Gray Cheri
Bought by
Saxon Mortgage Services Inc

Purchase Details

Closed on
Jun 11, 2007
Sold by
Gray Russell and Gray Cheri
Bought by
Gray Russell and Gray Cheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Gray Russell and Gray Cheri
Bought by
Gray Russell and Gray Cheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2004
Sold by
Gray Russell and Gray Cheri
Bought by
Gray Russell and Gray Cheri

Purchase Details

Closed on
Oct 28, 2003
Sold by
Buchholz Ron
Bought by
Gray Russell and Gray Cheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2003
Sold by
Buchholz Sherry
Bought by
Buchholz Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2003
Sold by
Berkely Court Llc
Bought by
Buchholz Ron
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
Negrete John D $110,000 First American Title Ins Co
Lasalle Bank National Association -- First American Title Ins Co
Banovac William $73,000 First American Title Ins Co
Saxon Mortgage Services Inc $148,750 None Available
Gray Russell -- None Available
Gray Russell -- First American Title Ins Co
Gray Russell -- --
Gray Russell $265,000 Capital Title Agency Inc
Buchholz Ron -- Capital Title Agency Inc
Buchholz Ron $210,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Negrete John D $82,500
Previous Owner Gray Russell $251,250
Previous Owner Gray Russell $212,000
Closed Gray Russell $26,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $661,000 +1.7% $297 / Sq Ft
05/14/2022 05/14/22 Price Changed $650,000 0.0% $292 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $650,000 -- $292 / 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 $1,682 $13,405 -- --
2024 $1,625 $12,766 -- --
2023 $1,625 $50,380 $10,070 $40,310
2022 $1,616 $37,820 $7,560 $30,260
2021 $1,643 $32,170 $6,430 $25,740
2020 $1,602 $26,580 $5,310 $21,270
2019 $1,532 $23,430 $4,680 $18,750
2018 $1,482 $20,060 $4,010 $16,050
2017 $1,360 $17,100 $3,420 $13,680
2016 $1,312 $13,060 $2,610 $10,450
2015 $1,220 $12,010 $2,400 $9,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6379905

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-02-126