NOT LISTED FOR SALE

Estimated Value: $369,762 - $496,000

-- Bed
1 Bath
1,143 Sq Ft
$392/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $850,000 $744 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $2,465/month

23 Days on Market

Highlights

  • Heated Community Pool
  • Stone Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of January 2016

Amazing building in the heart of Phoenix and sellers are the original owners!!! All units are 2 bedroom one bath units. The pool is in the process of getting the redone and and two new drain pipes. The tenants that live at this property are all 55 plus and most have been here more then 25 plus years. The seller has everyone accept one tenant on a month to month lease at 575. One unit is onsite tenant and gets free rent for collecting rents and some maintenance. Owners self manage. There is only one year lease in place. This is perfect add on value play or even maybe a covert into a an assisted living facility. Addresses included in this sale 4002,4014,4020,4010 N 11th st over an acre total, 10,452 sq ft total building. All facts are approximate buyer verify MLS info

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/28/2015

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,403

Year Built

  • Built in 1962

Lot Details

  • 7,449

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 28 Parking Spaces
  • 14 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Stone Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping, pool/spa maintenance
  • Tax Lot 001332
  • Assessor Parcel Number 118-03-003-4

Community Details

Overview

  • 4 Buildings
  • 14 Units
  • Building Dimensions are 0

Recreation

  • Heated Community Pool

Building Details

  • Gross Income $106,020
  • Net Operating Income $73,874

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,403

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 11th st and Indian School
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 4
  • Year Built: 1962
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6900.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Stone
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 14.0
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Fee Information

  • Trash Expense: 3000.0
  • Annual Water Sewer Expense: 5000.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: Yes
  • Parcel #: 118-03-003-4

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 14
  • Electric Expense: 1500.0
  • Annual Gross Income: 106020.0
  • Insurance Expense: 3343.0
  • Maintenance Expense: 7500.0
  • Property Net Operating Income: 73874.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3403.0
  • Tax Book Number: 118.00
  • Tax Lot: 001332

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2011
Sold by
Walters Mary L and Kosciusko Andrea A
Bought by
Walters Mary L
Current Estimated Value
$448,191

Purchase Details

Closed on
Aug 3, 2000
Sold by
Levesque Andrew G and Leveque Alta Taylor
Bought by
Kosciusko Andrea A and Walters Mary Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.15%

Purchase Details

Closed on
Oct 1, 1996
Sold by
Clute Albert Leslie and Mcnamara Clute Marilyn
Bought by
Levesque Andrew G and Levesque Alta Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,750
Interest Rate
8.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1996
Sold by
Clute A Leslie and Clute Marilyn M
Bought by
Clute Albert Leslie and Mcnamara Clute Marilyn

Purchase Details

Closed on
Apr 21, 1994
Sold by
Deaver Elsie H
Bought by
Clute A Leslie and Clute Marilyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
7.67%
Mortgage Type
New Conventional
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
Walters Mary L -- None Available
Kosciusko Andrea A -- Century Title Agency
Levesque Andrew G $67,500 Chicago Title Insurance Co
Clute Albert Leslie -- --
Clute A Leslie $50,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kosciusko Andrea A $72,000
Previous Owner Levesque Andrew G $60,750
Previous Owner Clute A Leslie $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $850,000 -6.6% $744 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
10/28/2015 10/28/15 For Sale $910,000 -- $796 / 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 $1,065 $9,655 -- --
2024 $1,026 $9,195 -- --
2023 $1,026 $31,210 $6,240 $24,970
2022 $1,021 $22,980 $4,590 $18,390
2021 $1,051 $22,100 $4,420 $17,680
2020 $1,023 $21,900 $4,380 $17,520
2019 $975 $18,150 $3,630 $14,520
2018 $940 $16,980 $3,390 $13,590
2017 $855 $15,180 $3,030 $12,150
2016 $823 $11,560 $2,310 $9,250
2015 $767 $9,580 $1,910 $7,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5354844

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-10-015