NOT LISTED FOR SALE

Estimated Value: $498,000 - $1,106,000

-- Bed
-- Bath
1,625 Sq Ft
$423/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $440,000 $271 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,713/month

5 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of March 2021

Investors Delight. Beautiful area. Centrally located. North of Thomas. Area Growing Unit 1 is Vacant on Lockbox. Unit 1 is in middle of remodel.

Do not disturb Tenant in unit 2.

Last Agent to Sell the Property

Ronny Hamm

RE/MAX Elite License #SA108213000 Listed on: 03/08/2021

Last Buyer's Agent

Tamar Waller

Compass License #SA047723000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,232

Year Built

  • Built in 1962

Lot Details

  • 6,752

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Concrete Flooring
  • Cooling Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
  • Tax Lot 130
  • Assessor Parcel Number 127-20-026-E

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • East Citrus Acres Plat A Subdivision

Building Details

  • Operating Expense $1,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,232

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 40TH ST/ Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2020
  • Road Surface Type: Concrete
  • Subdivision Name: EAST CITRUS ACRES PLAT A
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • 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
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 127-20-026-E

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 1232.0

Tax Info

  • Tax Annual Amount: 1232.0
  • Tax Book Number: 127.00
  • Tax Lot: 130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Waller Jack and Waller Tamar Gisela
Bought by
Social Energy Labs Llc
Current Estimated Value
$687,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$449,000
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$238,240

Purchase Details

Listed on
Mar 8, 2021
Closed on
Mar 23, 2021
Sold by
Yarrington Dennis
Bought by
Social Energy Labs Llc
Seller's Agent
Ronny Hamm
RE/MAX Elite
Buyer's Agent
Tamar Waller
Compass
List Price
$400,000
Sold Price
$440,000
Premium/Discount to List
$40,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%

Purchase Details

Closed on
Feb 11, 2003
Sold by
Shojaee Susan
Bought by
Yarrington Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,991
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 1995
Sold by
Micke Gintare E and Cicenas Gintare E
Bought by
Shojaee Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,998
Interest Rate
7.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Social Energy Labs Llc -- Driggs Title Agency Inc
Waller Jack -- Driggs Title Agency Inc
Social Energy Labs Llc $440,000 Wfg National Title Ins Co
Yarrington Dennis $130,000 Fidelity National Title
Shojaee Susan $59,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waller Jack $490,000
Previous Owner Yarrington Dennis $127,991
Previous Owner Shojaee Susan $58,998
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $440,000 +10.0% $271 / Sq Ft
03/05/2021 03/05/21 For Sale $400,000 -- $246 / 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 $1,349 $9,984 -- --
2024 $1,283 $9,509 -- --
2023 $1,283 $37,660 $7,530 $30,130
2022 $1,233 $27,300 $5,460 $21,840
2021 $1,263 $25,770 $5,150 $20,620
2020 $1,232 $21,870 $4,370 $17,500
2019 $1,223 $17,530 $3,500 $14,030
2018 $1,198 $15,520 $3,100 $12,420
2017 $1,152 $13,380 $2,670 $10,710
2016 $1,107 $10,810 $2,160 $8,650
2015 $1,030 $9,380 $1,870 $7,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6204241

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-20-026E