NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1961 Built

Sale Details

Date Sold: August 22, 2019

Last sale price $849,000

266 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of August 2019

The Village @ Rio Salado is 10-unit apartment community consisting of Six 1/bedroom, Three 2/bedroom, and One Large 2/bedroom units, located in a high rental demand submarket of south Phoenix with 95.5% occupancy.

Property has undergone extensive renovations:
•All buildings have new roofs, new AC units, new exterior stucco, paint, and fascia
•Unit interiors have new framing, foam board insulation, drywall, paint, vinyl plank flooring throughout, tile shower surrounds, electrical, plumbing, dual pane windows, six panel interior doors, and new hardware throughout
•Renovations include a resurfaced parking lot, landscaping, new exterior fencing, hot water heaters, and a laundry facility

Potential to build additional units on the 12,500+ SF of R-5 vacant land

Last Agent to Sell the Property

Trevor Hardy

ABI Multifamily License #SA649352000 Listed on: 10/25/2018

Last Buyer's Agent

Shannon Cunningham

AZ Performance Realty License #SA569959000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $948

Year Built

  • Built in 1961

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer
  • Assessor Parcel Number 122-39-030-C

Community Details

Overview

  • 7 Buildings
  • 10 Units
  • Building Dimensions are 1.04 Acres

Building Details

  • Operating Expense $948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$948

Year Built

Built in 1961

Listing Details

  • Cross Street: 17th Street & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 7
  • Year Built: 1961
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks), SRP
  • Cooling: Individual, Other, See Remarks
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 1.04 Acres
  • Additional Parcels: No
  • Parcel #: 122-39-030-C

Multi Family

  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 10
  • Annual Operating Expense: 947.6

Tax Info

  • Tax Annual Amount: 947.6
  • Tax Book Number: 122.00
  • Tax Lot: .

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2020
Sold by
Bought by

Purchase Details

Listed on
Oct 25, 2018
Closed on
Aug 13, 2019
Sold by
Bought by
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Shannon Cunningham
AZ Performance Realty
List Price
$859,000
Sold Price
$849,000
Premium/Discount to List
-$10,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
0.037%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,000
Interest Rate
0.045%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 21, 2015
Closed on
Jan 26, 2016
Sold by
Bought by
Seller's Agent
Maria T Avendano
DeLex Realty
Buyer's Agent
SLava Kosta
DeLex Realty
List Price
$225,000
Sold Price
$160,000
Premium/Discount to List
-$65,000
-28.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
0.0394%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
0.0663%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,300
Interest Rate
0.0708%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 4, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
0.0772%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Title Alliance Elite Agcy Ll
$849,000 Title Alliance Elite Agcy Ll
-- Great American Title Agency
$150,000 Great Amer Title Agency Inc
$165,000 None Available
$300,000 Fidelity National Title
-- Fidelity National Title
$165,000 Century Title Agency Inc
$90,000 Century Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $140,000
Open $595,000
Previous Owner $471,000
Previous Owner $130,000
Previous Owner $165,000
Previous Owner $21,300
Previous Owner $98,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2019 08/22/19 Sold $849,000 0.0% --
07/18/2019 07/18/19 Pending -- -- --
05/17/2019 05/17/19 Price Changed $849,000 -1.2% --
04/18/2019 04/18/19 For Sale $859,000 +1.2% --
03/13/2019 03/13/19 Off Market $849,000 -- --
10/25/2018 10/25/18 For Sale $859,000 +436.9% --
01/14/2016 01/14/16 Sold $160,000 -28.9% -- View Prior Sale
12/20/2015 12/20/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $225,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,129 $7,491
2024 $1,069 $7,135
2023 $1,069 $100,430 $20,080 $80,350
2022 $1,048 $63,170 $12,630 $50,540
2021 $1,069 $39,170 $7,830 $31,340
2020 $1,056 $30,380 $6,070 $24,310
2019 $1,022 $23,560 $4,710 $18,850
2018 $994 $16,700 $3,340 $13,360
2017 $948 $18,860 $3,770 $15,090
2016 $901 $16,480 $3,290 $13,190
2015 $848 $6,280 $1,250 $5,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5838100

Arizona Regional Multiple Listing Service (ARMLS)
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