NOT LISTED FOR SALE

Estimated Value: $260,317 - $398,000

1 Bed
-- Bath
989 Sq Ft
$324/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $90,000 $91 Per Sq Ft

Est. 256% increase in value since last sale

Current estimated payment $1,727/month

23 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 2-minute walk to Smith Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2017

Take advantage of this great investment opportunity! Two income-producing properties, fully occupied, standing side by side. This is a solid block construction property, shingle roof, very low maintenance. The tenants pay for electricity and gas. It is located on an excellent corner lot and across the street from a recreational park. Don’t miss this rare opportunity to invest in your future. All units are 2 bedroom and 1 bathroom. Each duplex is bringing in 12k annually. Owner self-manages and unable to provide the financials. PROPERTY SOLD IN AS-IS CONDITION. Second duplex for sale, see MLS #5650737.

Last Agent to Sell the Property

Denis Belusic

Venture REI, LLC License #SA548109000 Listed on: 08/22/2017

Venture REI, LLC

Last Buyer's Agent

Jose De Anda

HomeSmart License #SA661635000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $271

Year Built

  • Built in 1962

Lot Details

  • 6,098

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 11
  • Assessor Parcel Number 106-20-049

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6100
  • Homedale 13 To 18 Subdivision

Building Details

  • Operating Expense $2,991
  • Gross Income $10,481
  • Net Operating Income $9,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$271

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 43rd Ave & W Buckeye Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2016
  • Directions: East on Buckeye Rd, North on 41st Ave, East on Sherman St.
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: HOMEDALE 13 TO 18
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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

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

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1845.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6100
  • Additional Parcels: No
  • Parcel #: 106-20-049

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 10480.85
  • Insurance Expense: 425.0
  • Maintenance Expense: 450.0
  • Property Net Operating Income: 9008.0
  • Annual Operating Expense: 2991.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 271.0
  • Tax Block: 11
  • Tax Book Number: 106.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Villalobos Jesus M Guzman
Bought by
Villalobos Jesus M Guzman and Guadian Olga Patricia
Current Estimated Value
$320,579

Purchase Details

Closed on
Nov 15, 2018
Sold by
Guadiam Olga P Alvarado
Bought by
Villalobos Jesus M Guzman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Outstanding Balance
$90,678
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$229,901

Purchase Details

Closed on
Nov 14, 2018
Sold by
Cruz Juan Pablo and Velazquez Alejandro
Bought by
Guzman Villalobos Jesus M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Outstanding Balance
$90,678
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$229,901

Purchase Details

Listed on
Aug 22, 2017
Closed on
Sep 25, 2017
Sold by
The District Phoenix Llc
Bought by
Cruz Juan Pablo and Velazquez Alejandro
Seller's Agent
Denis Belusic
Venture REI, LLC
Buyer's Agent
Jose De Anda
HomeSmart
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.07%

Purchase Details

Closed on
Apr 7, 2005
Sold by
Walke Thomas C and Walke Annette
Bought by
Mendoza Luciano R and Mendoza Maria Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Quinones Gregorio
Bought by
Walke Thomas C and Walke Annette

Purchase Details

Closed on
May 5, 2001
Sold by
Sherman Ghost Llc
Bought by
Quinones Gregorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 1999
Sold by
Scelza Patricia
Bought by
Scelza Joseph

Purchase Details

Closed on
May 3, 1999
Sold by
Scelza Joseph
Bought by
Sherman Ghost Llc

Purchase Details

Closed on
Nov 24, 1998
Sold by
Scelza Patricia
Bought by
Scelza Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 25, 1996
Sold by
Charter Financial Corp
Bought by
Sherman Ghost Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.84%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Villalobos Jesus M Guzman -- None Available
Villalobos Jesus M Guzman -- Driggs Title Agency Inc
Guzman Villalobos Jesus M $137,500 Driggs Title Agency Inc
Cruz Juan Pablo $180,000 Fidelity National Title Agen
Mendoza Luciano R $134,000 Transnation Title
Walke Thomas C $59,000 Capital Title Agency Inc
Quinones Gregorio $50,000 North American Title Agency
Scelza Joseph -- --
Sherman Ghost Llc -- --
Scelza Joseph -- Fidelity Title
Scelza Joseph -- Fidelity Title
Sherman Ghost Llc $30,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villalobos Jesus M Guzman $103,125
Closed Guzman Villalobos Jesus M $103,125
Previous Owner Mendoza Luciano R $67,000
Previous Owner Quinones Gregorio $40,000
Previous Owner Scelza Joseph $36,000
Previous Owner Sherman Ghost Llc $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2017 09/25/17 Sold $90,000 -9.1% $91 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
09/04/2017 09/04/17 Price Changed $99,000 -5.7% $100 / Sq Ft
08/22/2017 08/22/17 For Sale $105,000 -- $106 / 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 $340 $2,801 -- --
2024 $323 $2,667 -- --
2023 $323 $17,500 $3,500 $14,000
2022 $319 $12,300 $2,460 $9,840
2021 $318 $11,520 $2,300 $9,220
2020 $313 $8,510 $1,700 $6,810
2019 $307 $6,830 $1,360 $5,470
2018 $302 $5,500 $1,100 $4,400
2017 $284 $5,920 $1,180 $4,740
2016 $271 $4,120 $820 $3,300
2015 $248 $2,960 $590 $2,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5650155

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-20-049