S
Seller's Agent in 2016
Scott Trevey
REI Marketing
402 N 42nd St Phoenix, AZ 85008
Camelback East Village NeighborhoodEstimated Value: $880,000 - $1,262,000
--
Bed
--
Bath
2,924
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of March 20164% CO-BROKE PAID TO BUYER AGENT. includes 402 AND 406 N 42nd street. This well-maintained property in a desirable central Phoenix location consists of 6 spacious efficiency/ one-bath units and 6 one-bedroom/one-bath rental units. Most have been HEAVILY upgraded through complete fire restoration. Tiled floors, new cabinetry, counters, fixtures, doors, windows, tiled-tub & shower surrounds- complete. The recently upgraded units in this gated community allow an investor the opportunity to adjust rents further upward to market. With individually metered electric, on-site laundry, pitched composition roofs, block const., copper plumbing, desert landscaping & open parking, this represents the opportunity to acquire a performing investment with all the right structural & aesthetic component
Last Agent to Sell the Property
Scott Trevey
REI Marketing License #SA539099000 Listed on: 08/31/2015
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,747
Year Built
- Built in 1962
Lot Details
- 7,928
Home Design
- Composition Roof
- Block Exterior
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- On-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Heat Pump System
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for gas, trash collection, water, sewer
- Tax Lot 52
- Assessor Parcel Number 125-32-053
Community Details
Overview
- 2 Buildings
- 12 Units
- Building Dimensions are irreg
- Lancaster Manors Subdivision
Building Details
- Operating Expense $21,000
- Gross Income $71,208
- Net Operating Income $48,453
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2015
Closed on
Feb 26, 2016
Sold by
Panther 42Nd St Partners Llc
Bought by
Nelson I Llc
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$595,000
Avg. Annual Appreciation
8.22%
Purchase Details
Closed on
May 8, 2014
Sold by
Apt 4891 Llc
Bought by
Panther 42Nd St Partners Llc
Purchase Details
Closed on
Aug 7, 2008
Sold by
Sintori Group Inc
Bought by
Ridgeline Financial Llc
Purchase Details
Closed on
Aug 29, 2005
Sold by
Price Stuart
Bought by
Gilbert Maurice A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 15, 2005
Sold by
Kingery John L
Bought by
Price Stuart
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.61%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nelson I Llc | $510,000 | American Title Svc Agency Ll | |
| Panther 42Nd St Partners Llc | $400,000 | Chicago Title Agency Inc | |
| Ridgeline Financial Llc | -- | None Available | |
| Gilbert Maurice A | $475,000 | -- | |
| Price Stuart | $240,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gilbert Maurice A | $380,000 | |
| Previous Owner | Price Stuart | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2016 03/07/16 | Sold | $525,000 | -12.5% | $180 / Sq Ft |
| 02/19/2016 02/19/16 | Pending | -- | -- | -- |
| 08/31/2015 08/31/15 | For Sale | $600,000 | -- | $205 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,145 | $9,531 | -- | -- |
| 2024 | $1,134 | $9,077 | -- | -- |
| 2023 | $1,134 | $35,000 | $7,000 | $28,000 |
| 2022 | $1,093 | $25,030 | $5,000 | $20,030 |
| 2021 | $1,111 | $21,660 | $4,330 | $17,330 |
| 2020 | $1,091 | $19,670 | $3,930 | $15,740 |
| 2019 | $1,087 | $17,080 | $3,410 | $13,670 |
| 2018 | $1,023 | $10,660 | $2,130 | $8,530 |
| 2017 | $980 | $11,550 | $2,310 | $9,240 |
| 2016 | $959 | $8,950 | $1,790 | $7,160 |
| 2015 | $900 | $7,230 | $1,440 | $5,790 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2016
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5328446
APN: 125-32-053
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.
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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