NOT LISTED FOR SALE

404 E 4th St Casa Grande, AZ 85122

Estimated Value: $159,000 - $269,660

Studio
-- Bath
1,393 Sq Ft
$167/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $285,000 $205 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,264/month

90 Days on Market

Highlights

  • Wood Flooring
  • ENERGY STAR Qualified Equipment for Heating
  • 3-minute walk to Peart Park
  • Multiple cooling system units
  • Multiple Heating Units

About This Home

As of May 2024

Back on the market. Next Gen type of floorplan. Fantastic opportunity to own two legal units in the center of the city of Casa Grande. This two unit property has one unit with 2 bedrooms and one unit with 1 bedroom. Both units have been updated and well cared for. Add it to your portfolio or become an investor for the first time. This property shows very well. Bright and open floorplans and clean and rent ready units. Both units have their own gas and electric meters. There is a large storage building in the back and each unit has their own space and yard.

Last Agent to Sell the Property

Jorge Buckner-Rodas

DeLex Realty License #SA540155000 Listed on: 01/19/2024

DeLex Realty

Last Buyer's Agent

Monica Santiago

Realty ONE Group License #SA680543000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $538

Year Built

  • Built in 1934

Lot Details

  • 8,625

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Window Unit Heating System

Additional Features

  • Wood Flooring
  • ENERGY STAR Qualified Equipment for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 13 / 38
  • Assessor Parcel Number 507-07-229

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 116X74
  • Townsite Of Casa Grande Subdivision

Building Details

  • Operating Expense $1,378
  • Gross Income $25,200
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$538

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Cross Street: Florence Street and 4th Street
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: R1
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1934
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: TOWNSITE OF CASA GRANDE
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Wall/Window Unit(s), ENERGY STAR Qualified Equipment
  • Heating: Window/Wall Unit(s), 2 or More Units, ENERGY STAR Qualified Equipment
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:_two_ or More Units3: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 840.0

Schools

  • Junior High Dist: Casa Grande Union High School District

Lot Info

  • Lot Size: 116X74
  • Additional Parcels: No
  • Parcel #: 507-07-229

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 1378.0

Tax Info

  • Tax Annual Amount: 538.0
  • Tax Block: 38
  • Tax Book Number: 507.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
May 21, 2024
Sold by
Yssh Inc
Bought by
Lavalley James
Seller's Agent
Jorge Buckner-Rodas
DeLex Realty
Buyer's Agent
Monica Santiago
Realty ONE Group
List Price
$279,900
Sold Price
$285,000
Premium/Discount to List
$5,100
1.82%
Views
31
Current Estimated Value
$233,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,835
Avg. Annual Appreciation
-11.46%
Original Mortgage
$279,837
Outstanding Balance
$275,868
Interest Rate
6.82%
Mortgage Type
FHA
Estimated Equity
-$42,703

Purchase Details

Closed on
Jul 20, 2009
Sold by
Kester Kyle
Bought by
Mi Casa Property Limited Liability Compa

Purchase Details

Closed on
Sep 27, 2007
Sold by
Us Bank Na
Bought by
Lbg Properties Llc

Purchase Details

Closed on
Aug 9, 2007
Sold by
Ludlow Gary
Bought by
Us Bank Na

Purchase Details

Closed on
Apr 19, 2006
Sold by
Ludlow Gary
Bought by
Ricochet Properties Inc

Purchase Details

Closed on
Jan 7, 2005
Sold by
Ludlow Chante
Bought by
Ludlow Gary

Purchase Details

Closed on
Apr 21, 2004
Sold by
Household Realty Corp
Bought by
Ricochet Properties Inc

Purchase Details

Closed on
Feb 18, 2004
Sold by
Berry Craig S
Bought by
Household Realty Corp

Purchase Details

Closed on
Dec 6, 1999
Sold by
Berry Berry and Berry Earlene E
Bought by
Berry Craig S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
10.25%
Mortgage Type
New Conventional
Source: Public Records
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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
Lavalley James $285,000 First American Title Insurance
Yssh Inc -- First American Title Insurance
Mi Casa Property Limited Liability Compa $30,000 Lawyers Title Of Arizona Inc
Kester Kyle $30,000 Lawyers Title Of Arizona Inc
Lbg Properties Llc $58,000 Lsi Title Agency Inc
Us Bank Na $103,668 None Available
Ricochet Properties Inc -- Title Security Agency Of Pin
Ludlow Gary -- Lawyers Title Ins
Ludlow Gary -- Lawyers Title Ins
Ricochet Properties Inc $40,250 First American Title Insuran
Household Realty Corp $46,372 --
Berry Craig S $50,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lavalley James $279,837
Previous Owner Berry Craig S $40,000
Closed Berry Craig S $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $285,000 +1.8% $205 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $279,900 0.0% $201 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $279,900 0.0% $201 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $279,900 -- $201 / 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 $527 $6,348 -- --
2024 $529 $6,371 -- --
2023 $538 $5,010 $862 $4,148
2022 $529 $4,374 $863 $3,511
2021 $554 $4,421 $0 $0
2020 $526 $4,207 $0 $0
2019 $501 $3,538 $0 $0
2018 $496 $3,488 $0 $0
2017 $484 $3,081 $0 $0
2016 $493 $3,098 $863 $2,236
2014 $532 $3,462 $863 $2,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6652877

Arizona Regional Multiple Listing Service (ARMLS)

APN: 507-07-229