NOT LISTED FOR SALE

Estimated Value: $1,071,000 - $1,159,000

Studio
-- Bath
3,144 Sq Ft
$353/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $1,100,000 $350 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,841/month

2 Days on Market

Highlights

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

About This Home

As of August 2023

4-unit apartment property that offers thoughtfully designed, spacious two-bed/ one-bath apartments. 3 of the 4 units are occupied with the forth being retained vacant to accommodate a possible owner-occupied investment opportunity. No expense was spared on the recent interior and exterior renovations (more than $220K of capital improvements). The interiors feature an open concept living room and kitchen with contemporary finishes, LED lighting, front load washer dryers, dual vanity bathrooms with tiled walk-in showers, and new plumbing both in-unit and mainline. Exterior improvements include new Low-E dual pane windows, stucco, facia, modern landscape design, and covered parking. The property also has a 30,000 kWh warrantied solar system (prepaid) that offsets much of the tenant's bills.

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 07/10/2023

Last Buyer's Agent

Miles Zimbaluk

HomeSmart License #SA690994000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $902

Year Built

  • Built in 1962

Lot Details

  • 7,710

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 48
  • Assessor Parcel Number 125-20-050

Community Details

Overview

  • 4 Units
  • Building Dimensions are 81.92x94.22x94.32x81.92
  • Whispering Sands Subdivision

Building Details

  • Operating Expense $902
  • Gross Income $83,848
  • Net Operating Income $69,582

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$902

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: WHISPERING SANDS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Compactor2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: Solar
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 81.92x94.22x94.32x81.92
  • Additional Parcels: No
  • Parcel #: 125-20-050

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 83848.0
  • Property Net Operating Income: 69582.0
  • Annual Operating Expense: 902.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 902.0
  • Tax Book Number: 125.00
  • Tax Lot: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Aug 14, 2023
Sold by
40Th Steet Investments Llc
Bought by
Talk To The Palms Llc
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Miles Zimbaluk
HomeSmart
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
11
Current Estimated Value
$1,108,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,722
Avg. Annual Appreciation
0.32%
Original Mortgage
$673,200
Outstanding Balance
$654,864
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$453,858

Purchase Details

Closed on
Nov 8, 2021
Sold by
Green Home Rentals Llc
Bought by
40Th Street Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,831,420
Interest Rate
3.01%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 13, 2014
Closed on
Jun 27, 2014
Sold by
Mandalia Shelina
Bought by
Green Home Rentals Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.05%

Purchase Details

Closed on
Feb 25, 2011
Sold by
Jjm Properties Llc
Bought by
Mandalla Shelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,445
Interest Rate
4.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2011
Sold by
Jjm Properties Llc
Bought by
Mandelia Sheilina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,445
Interest Rate
4.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 2010
Sold by
Lenahan William P
Bought by
Maldonado Jerome

Purchase Details

Closed on
Jun 14, 2006
Sold by
Razon Sandra L
Bought by
Razon Victor J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2006
Sold by
Hernandez Antonio
Bought by
Lenahan William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2005
Sold by
Hernandez Antonio
Bought by
Razon Victor J

Purchase Details

Closed on
Feb 3, 2005
Sold by
Bobadilla Hernandez Sandra
Bought by
Hernandez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,100
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Culda Mihaela
Bought by
Fechete Alexandru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2002
Sold by
Pantere Inc
Bought by
Barron Miguel and Barron Esmeralda

Purchase Details

Closed on
Jun 29, 2001
Sold by
Pescador Candelaria
Bought by
Pantere Inc

Purchase Details

Closed on
May 21, 2001
Sold by
Pescador Pablo
Bought by
Pescador Candelaria

Purchase Details

Closed on
Aug 26, 1997
Sold by
Central Phoenix Properties I Inc
Bought by
Mendoza Carlos and Mendoza Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 10, 1995
Sold by
Craig Kevin P
Bought by
Central Phoenix Properties I Inc

Purchase Details

Closed on
Aug 29, 1994
Sold by
Mlq Investors L P
Bought by
Craig Kevin P and Mcglothlin Byron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
8.57%
Mortgage Type
Purchase Money Mortgage
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
Talk To The Palms Llc $1,100,000 Equity Title Agency
40Th Street Investments Llc $1,890,000 Commonwealth Title
Green Home Rentals Llc $120,000 Chicago Title Agency Inc
Mandalla Shelina $84,500 Chicago Title
Jjm Properties Llc -- Chicago Title
Mandelia Sheilina -- Chicago Title
Maldonado Jerome $63,000 Chicago Title
Razon Victor J -- Land Title Agency Of Az Inc
Lenahan William P $257,500 Land Title Agency Of Az
Razon Victor J -- --
Hernandez Antonio -- Chicago Title Insurance Co
Hernandez Antonio $220,000 Chicago Title Insurance Co
Fechete Alexandru -- Ticor Title Agency Of Az Inc
Fechete Alexandru $185,000 Ticor Title Agency Of Az Inc
Barron Miguel $150,000 Capital Title Agency Inc
Pantere Inc -- --
Pescador Candelaria -- Capital Title Agency
Pescador Candelaria $125,000 Capital Title Agency
Mendoza Carlos $325,000 Chicago Title Insurance Co
Central Phoenix Properties I Inc -- Security Title Agency
Craig Kevin P $13,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talk To The Palms Llc $673,200
Previous Owner 40Th Street Investments Llc $1,831,420
Previous Owner Mandalla Shelina $65,445
Previous Owner Lenahan William P $206,000
Previous Owner Hernandez Antonio $156,100
Previous Owner Fechete Alexandru $148,000
Previous Owner Mendoza Carlos $300,000
Previous Owner Craig Kevin P $20,000
Closed Mendoza Carlos $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2023 08/14/23 Sold $1,100,000 -4.3% $350 / Sq Ft
07/10/2023 07/10/23 For Sale $1,150,000 +858.3% $366 / Sq Ft
07/01/2014 07/01/14 Sold $120,000 -7.0% $38 / Sq Ft View Prior Sale
07/01/2014 07/01/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $129,000 -- $41 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,004 $7,868 -- --
2024 $936 $7,493 -- --
2023 $936 $50,010 $10,000 $40,010
2022 $902 $32,550 $6,510 $26,040
2021 $917 $25,680 $5,130 $20,550
2020 $900 $21,370 $4,270 $17,100
2019 $897 $17,430 $3,480 $13,950
2018 $845 $15,500 $3,100 $12,400
2017 $809 $14,380 $2,870 $11,510
2016 $792 $8,360 $1,670 $6,690
2015 $743 $7,300 $1,460 $5,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6578578

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-050

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