$120,000
SOLD JUN 21, 2013
-- Bed
-- Bath
3,150 Sq Ft
1961 Built

Recently Sold

$38 Per Sq Ft

20% Below List Price

149 Days on Market

Highlights

  • Evaporated cooling system
  • Floor Furnace
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of June 2013

EXCELLENT CASH FLOW, RECONSTRUCTED 4 YEARS AGO TO INCLUDE A NEW 20-YR ROOF,
FLOORING, COPPER PLUMBING, ELECTRICAL WIRING (NEW INDIVIDUAL METER BOXES), APPLIANCES, KITCHEN/BATHS, SECURITY DOORS, INSIDE
DOORS, PAINT, ETC.. HUGE INVESTMENT OPPORTUNITY AND NEARLY MAINTENANCE FREE!!!PRICED TO SELL. THIS IS A REGULAR SALE, NOT A SHORT SALE OR BANK OWNED, WE GET ANSWERS (ALLOW 1-5 BUSINESS DAYS)
AND CAN CLOSE ESCROWS WITHIN 30 DAYS. 5 UNITS, 4 ONE BED 1 BATH AND One 3 BED 2 BATH UNIT. THREE BUILDINGS. 2
DUPLEXES, 1056 SQ FEET EACH AND A SINGLE FAMILY AT 871 SQUARE FEET. PLEASE WRITE NO SPDS AND NO
CLUE REPORT ON AAR CONTRACT. BUYER TO VERIFY ALL ITEMS OF MATERIAL IMPORTANCE.

Last Agent to Sell the Property

Erkan Kurnaz

Realty ONE Group License #SA541933000 Listed on: 11/12/2012

Last Buyer's Agent

Staci Smedstad

DeLex Realty License #BR534053000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $609

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • Free Parking

Schools

  • John F Kennedy Elementary School
  • Greenfield Elementary Middle School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 1
  • Assessor Parcel Number 113-27-020

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are IRR
  • Norman Acres Subdivision

Building Details

  • Operating Expense $609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$609

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: BROADWAY & 16TH ST.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2012
  • Directions: WEST ON BROADWAY, NORTH ON 15TH ST
  • Road Surface Type: Asphalt
  • Subdivision Name: NORMAN ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Free, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: John F Kennedy School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Greenfield Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 113-27-020

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 5
  • Annual Operating Expense: 609.0

Tax Info

  • Tax Annual Amount: 609.0
  • Tax Book Number: 113.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2024
Sold by
Baxter Management Group Llc
Bought by
King Hansel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,325,000
Outstanding Balance
$1,316,925
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
-$382,155

Purchase Details

Closed on
Feb 22, 2018
Sold by
Lynaugh Linda
Bought by
Bonitas Casitas Llc

Purchase Details

Listed on
Nov 12, 2012
Closed on
Jun 19, 2013
Sold by
Az3-Impex Llc
Bought by
Baxter Management Group Llc
Seller's Agent
Erkan Kurnaz
Realty ONE Group
Buyer's Agent
Staci Smedstad
DeLex Realty
List Price
$150,000
Sold Price
$120,000
Premium/Discount to List
-$30,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%
Original Mortgage
$96,000
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2009
Sold by
Greenpoint Mortgage Funding Inc
Bought by
Az3 Impex Llc

Purchase Details

Closed on
Nov 6, 2008
Sold by
Bonney William and Bonney Chantal
Bought by
Greenpoint Mortgage Funding Inc

Purchase Details

Closed on
Aug 17, 2006
Sold by
Lakewood Real Estate Solutions Lp
Bought by
Bonny William and Bonney Chantal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2003
Sold by
Agape Real Estate Solutions Lp
Bought by
Lakewood Real Estate Solutions Lp and Lusania-Temporado Land Tust #1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2003
Sold by
Wilson Sharon K
Bought by
Agape Real Estate Solutions Lp and Lusania Temporada Land Trust #1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2003
Sold by
Wilson Ricky F and Wilson Sharon K
Bought by
Agape Real Estate Solutions Lp and Lusania Temporado Land Trust #1

Purchase Details

Closed on
Aug 29, 2002
Sold by
Temporado Rachel and Mary M Lusania Living Trust
Bought by
Wilson Ricky F and Wilson Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,624
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 1999
Sold by
Lusania Mary M
Bought by
Lusania Mary M and Mary M Lusania Living Trust
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 Type Sale Price Title Company
Warranty Deed $550,000 First Integrity Title
Quit Claim Deed -- None Available
Warranty Deed $120,000 Driggs Title Agency Inc
Cash Sale Deed $36,100 First American Title Ins Co
Trustee Deed $202,500 Accommodation
Warranty Deed $230,000 Fidelity National Title
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- Transnation Title Ins Co
Warranty Deed -- --
Warranty Deed $110,000 Old Republic Title Agency
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,325,000 New Conventional
Previous Owner $84,000 Commercial
Previous Owner $96,000 Commercial
Previous Owner $75,000 Commercial
Previous Owner $251,000 Unknown
Previous Owner $255,500 Commercial
Previous Owner $24,000 Commercial
Previous Owner $120,000 Commercial
Previous Owner $120,624 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $1,400,000 +1066.7% --
06/21/2013 06/21/13 Sold $120,000 -20.0% $38 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
11/12/2012 11/12/12 For Sale $150,000 -- $48 / 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 $686 $4,669 -- --
2024 $666 $4,447 -- --
2023 $666 $39,270 $7,850 $31,420
2022 $653 $23,070 $4,610 $18,460
2021 $666 $19,930 $3,980 $15,950
2020 $658 $16,220 $3,240 $12,980
2019 $637 $14,250 $2,850 $11,400
2018 $620 $10,360 $2,070 $8,290
2017 $591 $9,130 $1,820 $7,310
2016 $562 $7,350 $1,470 $5,880
2015 $529 $7,950 $1,590 $6,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4848582

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-27-020