NOT LISTED FOR SALE

4015 N Estrella Rd Eloy, AZ 85131

Estimated Value: $249,000 - $285,000

-- Bed
-- Bath
1,662 Sq Ft
$160/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $151,000 $91 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,539/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of June 2017

Affordable,Very well maintained high cash flow investment property with stable occupancy and 10.85% CAP RATE. Two buildings with two 2 bedroom, 1 bath units in each building. All units have washers and dryers.

Last Agent to Sell the Property

Peter J. Thoesen PLLC

Realty ONE Group License #SA555441000 Listed on: 05/18/2017

Last Buyer's Agent

Michael Smith

Barrett Real Estate License #BR635584000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 2004

Lot Details

  • 0.34

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Schools

  • Toltec Elementary School
  • Casa Grande Union High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / A
  • Assessor Parcel Number 404-06-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 100 x 148
  • Toltec/Arizona Valley Unit Three Subdivision

Building Details

  • Operating Expense $4,526
  • Gross Income $20,805
  • Net Operating Income $16,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: I10 & Jimmie Kerr Blvd
  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2016
  • Directions: Southeast on Jimmie Kerr Blvd to Estrella Rd, North past Shedd Rd and property on the Right side
  • Road Surface Type: Asphalt
  • Subdivision Name: TOLTEC/ARIZONA VALLEY UNIT THREE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free
  • 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:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 672.0

Schools

  • Elementary School: Toltec Elementary School
  • High School: Casa Grande Union High School
  • Junior High Dist: Casa Grande Union High School District
  • Middle Or Junior School: Toltec Elementary School

Lot Info

  • Lot Size: 100 x 148
  • Additional Parcels: No
  • Parcel #: 404-06-002

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 20805.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 16279.0
  • Annual Operating Expense: 4526.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1404.0
  • Tax Block: A
  • Tax Book Number: 404.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2022
Sold by
Smith Michael D and Smith Natalia Danielle
Bought by
Smith Michael Drake and Smith Natalia Danielle
Current Estimated Value
$266,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$262,493
Interest Rate
6.23%
Mortgage Type
Balloon
Estimated Equity
$4,028

Purchase Details

Listed on
May 18, 2017
Closed on
Jul 3, 2017
Sold by
Smith Michael D
Bought by
Smith Michael D and Smith Natalia Danielle
Seller's Agent
Peter J. Thoesen PLLC
Realty ONE Group
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$150,000
Sold Price
$151,000
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$113,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2017
Closed on
Jun 29, 2017
Sold by
Smith Natalia Danielle and Smith Michael D
Bought by
Smith Michael D
Seller's Agent
Peter J. Thoesen PLLC
Realty ONE Group
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$150,000
Sold Price
$151,000
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2017
Closed on
May 25, 2017
Sold by
Cox Dennis and Cox Robin C
Bought by
Smith Michawel D
Seller's Agent
Peter J. Thoesen PLLC
Realty ONE Group
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$150,000
Sold Price
$151,000
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2004
Sold by
Bruga Leslie M
Bought by
Cox Dennis and Cox Robbin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,215
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2003
Sold by
Glor Beverly
Bought by
Bruga Leslie M

Purchase Details

Closed on
May 6, 2003
Sold by
Lewis Agnes K
Bought by
Glor Beverly

Purchase Details

Closed on
Dec 21, 2001
Sold by
Sullivan Elenore F
Bought by
Glor Beverly A K and Lewis Agnes K

Purchase Details

Closed on
Aug 24, 1995
Sold by
Sullivan Elenore F
Bought by
Lewis Agnes K
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
Smith Michael Drake -- Pioneer Title
Smith Michael D -- Pioneer Title Agency Inc
Smith Michael D -- Pioneer Title Agency Inc
Smith Michawel D $151,000 Pioneer Title Agency Inc
Cox Dennis $201,350 Fidelity National Title Agen
Bruga Leslie M $5,000 Fidelity National Title Agen
Glor Beverly -- --
Glor Beverly A K -- --
Lewis Agnes K -- --
Glor Beverly A K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Michael Drake $300,000
Previous Owner Smith Michael D $113,250
Previous Owner Cox Dennis $181,215
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $151,000 +0.7% $91 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $150,000 -- $90 / 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 $1,517 $28,183 -- --
2024 $1,472 $28,893 -- --
2023 $1,526 $23,737 $500 $23,237
2022 $1,472 $16,301 $500 $15,801
2021 $1,547 $14,257 $0 $0
2020 $1,503 $14,361 $0 $0
2019 $1,451 $11,715 $0 $0
2018 $1,425 $9,379 $0 $0
2017 $1,400 $8,216 $0 $0
2016 $1,404 $8,388 $500 $7,888
2014 -- $9,311 $500 $8,811
Source: Public Records

Agents Affiliated with this Home

  • Peter J. Thoesen PLLC

    Seller's Agent in 2017

    Peter J. Thoesen PLLC

    Realty One Group

    (480) 734-7901

    5 in this area

    19 Total Sales

    Peter J. Thoesen PLLC
    Section Image
  • Michael Smith

    Buyer's Agent in 2017

    Michael Smith

    Barrett Real Estate

    (480) 694-2564

    4 in this area

    182 Total Sales

    Michael Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5607538

Arizona Regional Multiple Listing Service (ARMLS)

APN: 404-06-002

Arizona Pinal County Eloy 85131

4015 N Estrella Rd, Eloy, AZ

This home is located at 4015 N Estrella Rd, Eloy, AZ 85131 since 18 May 2017 and is currently estimated at $266,521, approximately $160 per square foot. This property was built in 2004. 4015 N Estrella Rd is a home located in Pinal County with nearby schools including Toltec Elementary School and Arizona City Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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