NOT LISTED FOR SALE

Estimated Value: $341,000 - $435,000

-- Bed
-- Bath
1,394 Sq Ft
$278/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $293,000 $210 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,084/month

40 Days on Market

Highlights

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

About This Home

As of May 2021

Duplex near Downtown. Great for new or small investors. Up and coming area with brand new apartment complex going in across the street. Close to city bus routes. Two electric meters, two gas meters and one water meter. Two bedroom unit, one bedroom unit and an efficiency unit. Owner manages property himself. Tenants pay on time.

Last Agent to Sell the Property

Howard Rea

HomeSmart License #SA550826000 Listed on: 02/12/2021

HomeSmart

Last Buyer's Agent

Jessica Jay-Maleski

Sterling Fine Properties License #SA641268000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $577

Year Built

  • Built in 1967

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 33 / 2
  • Assessor Parcel Number 116-09-066

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6699 SF
  • Security Park Subdivision

Building Details

  • Operating Expense $577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$577

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: 20th Street & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Comm
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: SECURITY PARK
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Built-Up

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street
  • 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 Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter, Solar
  • Cooling: Evaporative Cooling, Window/Wall Unit
  • Heating: Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6699 SF
  • Additional Parcels: No
  • Parcel #: 116-09-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Operating Expense: 577.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 577.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Apr 26, 2021
Sold by
Malone Kevin
Bought by
Invictus Az Properties Llc
Seller's Agent
Howard Rea
HomeSmart
Buyer's Agent
Jessica Jay-Maleski
Sterling Fine Properties
List Price
$270,000
Sold Price
$293,000
Premium/Discount to List
$23,000
8.52%
Current Estimated Value
$387,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,332
Avg. Annual Appreciation
6.27%
Original Mortgage
$219,750
Outstanding Balance
$199,148
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$188,184

Purchase Details

Listed on
Sep 14, 2016
Closed on
Jun 6, 2017
Sold by
Baiz Adnan Hassan
Bought by
Malone Kevin
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Howard Rea
HomeSmart
List Price
$114,900
Sold Price
$97,000
Premium/Discount to List
-$17,900
-15.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.77%

Purchase Details

Closed on
Dec 21, 2004
Sold by
Ayache Hana Ali
Bought by
Baiz Adnan Hassan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,375
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2004
Sold by
Stech Diane J
Bought by
Baiz Adnan Hassan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,375
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Remer Irvin I
Bought by
Stech Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 1999
Sold by
Bock Carl N
Bought by
Remer Irvin L and Irvin I Remer Defined Benefit Pension Pl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Invictus Az Properties Llc $293,000 Lawyers Title Of Arizona Inc
Malone Kevin $97,000 Clear Title Agency Of Arizon
Baiz Adnan Hassan -- North American Title Co
Baiz Adnan Hassan $107,500 North American Title Co
Stech Diane J $68,000 First Financial Title Agency
Remer Irvin L $25,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Invictus Az Properties Llc $219,750
Previous Owner Baiz Adnan Hassan $91,375
Previous Owner Baiz Adnan Hassan $91,375
Previous Owner Stech Diane J $54,400
Closed Stech Diane J $10,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2021 05/17/21 Sold $293,000 +8.5% $210 / Sq Ft
03/24/2021 03/24/21 For Sale $270,000 -7.8% $194 / Sq Ft
02/21/2021 02/21/21 Off Market $293,000 -- --
02/12/2021 02/12/21 For Sale $270,000 +178.4% $194 / Sq Ft
06/23/2017 06/23/17 Sold $97,000 -15.6% $70 / Sq Ft View Prior Sale
04/20/2017 04/20/17 For Sale $114,900 0.0% $82 / Sq Ft
04/20/2017 04/20/17 Price Changed $114,900 0.0% $82 / Sq Ft
09/13/2016 09/13/16 For Sale $114,900 -- $82 / 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 $645 $4,622 -- --
2024 $606 $4,402 -- --
2023 $606 $21,480 $4,290 $17,190
2022 $571 $14,770 $2,950 $11,820
2021 $579 $12,960 $2,590 $10,370
2020 $577 $11,050 $2,210 $8,840
2019 $574 $9,300 $1,860 $7,440
2018 $567 $8,330 $1,660 $6,670
2017 $527 $7,050 $1,410 $5,640
2016 $540 $5,260 $1,050 $4,210
2015 $502 $4,520 $900 $3,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6194809

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-09-066