NOT LISTED FOR SALE

Estimated Value: $515,000 - $638,000

3 Beds
-- Bath
2,490 Sq Ft
$232/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $505,000 $203 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,168/month

13 Days on Market

About This Home

As of February 2023

3 Units, Garden-Style Property, Built in 1980. 100% Large Two-Bedroom / Two-Bathroom Units. Each Unit Features In-Suite Washer & Dryer. Individually Metered for Electricity. Close Proximity to Grand Canyon University & Easy Access to the I-17 Freeway.Front of the Property Features Large Driveway With Ample Covered & Uncovered Parking Spaces.

Last Agent to Sell the Property

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 01/04/2023

Co-Listed By

Bryce Neagle

ABI Multifamily License #SA692871000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,372

Year Built

  • Built in 1980

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 42
  • Assessor Parcel Number 110-03-013

Community Details

Overview

  • 3 Units
  • Building Dimensions are 61.28x132.99x22.38x41.75x118.36
  • Gerardo Park Lots 11 39 Subdivision

Building Details

  • Operating Expense $1,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,372

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: GERARDO PARK LOTS 11-39
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Community Amenities:Other18: Yes

Lot Info

  • Lot Size: 61.28x132.99x22.38x41.75x118.36
  • Additional Parcels: No
  • Parcel #: 110-03-013

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Operating Expense: 1372.0

Tax Info

  • Tax Annual Amount: 1372.0
  • Tax Book Number: 110.00
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Feb 28, 2023
Sold by
Lynne Joshua
Bought by
New Leaf Investment Llc
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$535,000
Sold Price
$505,000
Premium/Discount to List
-$30,000
-5.61%
Views
323
Current Estimated Value
$578,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,000
Avg. Annual Appreciation
3.32%
Original Mortgage
$1,500,000
Outstanding Balance
$1,456,209
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
-$906,876

Purchase Details

Closed on
Feb 19, 2021
Sold by
M & Cs Holdings Az Llc
Bought by
Lynne Joshua

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
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2021
Sold by
Lynne Kimberly Pierce and Lynne Joshua
Bought by
Lynne Joshua

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
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2020
Closed on
Aug 26, 2020
Sold by
Soso Investments Llc
Bought by
M & Cs Holdings Az Llc
Seller's Agent
Alberto Ceja Santiago
DeLex Realty
Buyer's Agent
Kirk Linehan
RETSY
List Price
$349,997
Sold Price
$310,000
Premium/Discount to List
-$39,997
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2010
Sold by
Calder Eben and Calder Sylvie
Bought by
Soso Investments Llc

Purchase Details

Closed on
Jul 23, 2009
Sold by
Aurora Loan Services Llc
Bought by
Calder Eben and Calder Sylvie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,979
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2009
Sold by
Linares Ortega Alma
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Apr 9, 2007
Sold by
Hong Wendy
Bought by
Ortega Alma Linares

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,550
Interest Rate
9.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 6, 2005
Sold by
Metropolitan Financial Llc
Bought by
Hong Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2001
Sold by
Metropolitan Bush Company Llc
Bought by
Metropolitan Financial Ii Llc

Purchase Details

Closed on
Dec 8, 1996
Sold by
Francesco Patricia Don
Bought by
Metropolitan Bush Company Llc
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
New Leaf Investment Llc $505,000 Fidelity National Title Agency
Lynne Joshua $400,000 Pioneer Title Agency Inc
Lynne Joshua -- Pioneer Title Agency Inc
M & Cs Holdings Az Llc $310,000 Pioneer Title Agency Inc
Soso Investments Llc -- None Available
Calder Eben $57,000 First American Title Ins Co
Aurora Loan Services Llc $192,720 Accommodation
Ortega Alma Linares $239,500 Camelback Title Agency Llc
Hong Wendy $193,000 Arizona Title Agency Inc
Metropolitan Financial Ii Llc -- Arizona Title Agency Inc
Metropolitan Bush Company Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Leaf Investment Llc $1,500,000
Previous Owner Lynne Joshua $300,000
Previous Owner M & Cs Holdings Az Llc $300,000
Previous Owner Calder Eben $60,979
Previous Owner Ortega Alma Linares $215,550
Previous Owner Hong Wendy $154,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $505,000 -5.6% $203 / Sq Ft
01/03/2023 01/03/23 For Sale $535,000 +72.6% $215 / Sq Ft
08/31/2020 08/31/20 Sold $310,000 -11.4% $124 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $349,997 -- $141 / 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 $1,387 $9,655 -- --
2024 $1,394 $9,195 -- --
2023 $1,394 $34,870 $6,970 $27,900
2022 $1,372 $25,810 $5,160 $20,650
2021 $1,385 $22,280 $4,450 $17,830
2020 $1,331 $19,720 $3,940 $15,780
2019 $1,315 $16,700 $3,340 $13,360
2018 $1,214 $14,480 $2,890 $11,590
2017 $1,199 $13,120 $2,620 $10,500
2016 $1,148 $11,230 $2,240 $8,990
2015 $1,087 $9,100 $1,820 $7,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6503327

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-03-013