$170,000
SOLD OCT 16, 2012
8 Beds
4 Baths
912 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

8% Below List Price

78 Days on Market

Highlights

  • Attached Garage
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Painted or Stained Flooring

About This Home

As of June 2018

Clean Title and not a short sale All two bedroom units! All new landscaping, 2-tone paint inside and out, 3 units with new tile throughout - great frontage on University. Rents are $600, $600, $575 and $508. Owner pays water/sewer/trash and tenants pay electric.

Last Agent to Sell the Property

Jason Bingham

Distinguished Properties License #BR528229000 Listed on: 04/23/2012

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,590

Year Built

  • Built in 1963

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction
  • Composition Shingle Roof
  • Block Exterior

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Community Details

  • $1,498 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Listing and Financial Details

  • Tenant pays for cable TV, electric, gas
  • The owner pays for landscaping, sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,590

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Tax Municipality: Maricopa - COUNTY
  • Construction Finish: Brick Trim/Veneer, Painted
  • Cross Street: University & Gilbert
  • Floors: Carpet, Vinyl
  • Legal Info Lot Number: 17
  • Legal Info Range: 5E
  • Legal Info Section: 13
  • Legal Info Township: 1N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 1640
  • Legal Description Abbrev: Ko Ko Palms
  • Ownership: Fee Simple
  • Map Code Grid: Q39
  • Year Built: 1963
  • Tax Year: 2011
  • Directions: E to property - aka 1640 E University
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: 1 Space/Unit, Attached, Paved Parking
  • Total Parking Spaces: 8784.00
  • Covered Parking Spaces: 8784.00

Utilities

  • Water: City Franchise
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Electric, Heat Pump, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Net Operating Income: 17156.00
  • Income And Expenses Operating Exp: 1498.00
  • Income And Expenses Totl Mnth Rntal Inc: 2200.00
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Gas
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Avg Sq Ft: 912
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1498.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 7, 2018
Sold by
425 N Hill Llc
Bought by
Tw2 Properties Llc
Seller's Agent
Stacey Crewse
Diamond King Realty
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$309,900
Sold Price
$300,000
Premium/Discount to List
-$9,900
-3.19%
Current Estimated Value
$784,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,667
Avg. Annual Appreciation
14.22%
Original Mortgage
$2,240,000
Outstanding Balance
$1,945,349
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$1,160,682

Purchase Details

Listed on
Apr 23, 2012
Closed on
Oct 12, 2012
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny D
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$115,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2012
Closed on
Sep 24, 2012
Sold by
Ellis Daniel
Bought by
Carmichael Lonny D
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2010
Sold by
3646Az Llc
Bought by
Ellis Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2010
Sold by
Ellis Katherine
Bought by
Ellis Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Terra Funding Llc
Bought by
3646Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 3, 2009
Sold by
Flores Jeffrey R
Bought by
Terra Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 30, 2009
Sold by
Renaud Adolf
Bought by
Renaud Az Realty Llc

Purchase Details

Closed on
Feb 26, 2008
Sold by
Flores Jeffrey R
Bought by
Jkm Trading Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2008
Sold by
Jkm Trading Inc
Bought by
Renaud Adolf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2007
Sold by
Us Bank Na
Bought by
Flores Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W
Bought by
U S Bank Na and Credit Suisse First Boston Csfb Armt 200

Purchase Details

Closed on
Aug 15, 2006
Sold by
Fletcher Richard W
Bought by
Johnson Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,326
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2005
Sold by
Rappaport Richard A and Rappaport Helen S
Bought by
Jkm Trading Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2005
Sold by
Fletcher Jane Ellen
Bought by
Fletcher Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 28, 2005
Sold by
Jkm Trading Corp
Bought by
Fletcher Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second
Source: Public Records

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Range of Values:

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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 $1,475,000 Security Title Agency Inc
Interfamily Deed Transfer -- Clear Title Agency Of Arizon
Warranty Deed $170,000 Clear Title Agency Of Arizon
Warranty Deed $165,000 The Talon Group Baseline
Interfamily Deed Transfer -- The Talon Group Baseline
Special Warranty Deed $90,000 Chicago Title
Trustee Deed $70,000 Great American Title Agency
Quit Claim Deed -- Landamerica Title Agency Inc
Quit Claim Deed -- Capital Title Agency Inc
Warranty Deed $370,000 Capital Title Agency Inc
Special Warranty Deed -- Capital Title Agency Inc
Special Warranty Deed -- Capital Title Agency Inc
Trustee Deed $340,406 None Available
Warranty Deed $382,326 Tsa Title Agency
Cash Sale Deed $390,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $425,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,240,000 Commercial
Previous Owner $115,500 New Conventional
Previous Owner $115,500 New Conventional
Previous Owner $60,000 Unknown
Previous Owner $60,500 Purchase Money Mortgage
Previous Owner $76,000 Purchase Money Mortgage
Previous Owner $220,000 Seller Take Back
Previous Owner $1,600,000 Purchase Money Mortgage
Previous Owner $382,326 Seller Take Back
Previous Owner $63,750 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2018 06/13/18 Sold $300,000 -3.2% $82 / Sq Ft
05/25/2018 05/25/18 For Sale $309,900 0.0% $85 / Sq Ft
05/25/2018 05/25/18 Price Changed $309,900 0.0% $85 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $309,900 +82.3% $85 / Sq Ft
10/16/2012 10/16/12 Sold $170,000 -8.1% $186 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $185,000 -- $203 / 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 $1,590 $16,199 -- --
2024 $1,603 $15,427 -- --
2023 $1,603 $54,360 $10,870 $43,490
2022 $1,570 $40,950 $8,190 $32,760
2021 $1,589 $32,960 $6,590 $26,370
2020 $1,568 $29,230 $5,840 $23,390
2019 $1,465 $19,350 $3,870 $15,480
2018 $1,406 $16,730 $3,340 $13,390
2017 $1,364 $15,550 $3,110 $12,440
2016 $1,339 $14,650 $2,930 $11,720
2015 $1,259 $15,980 $3,190 $12,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4749033

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-018A