NOT LISTED FOR SALE

Estimated Value: $726,000 - $967,000

-- Bed
-- Bath
3,144 Sq Ft
$269/Sq Ft Est. Value

Last Sold March 08, 2013

Last sale price $61,500 $20 Per Sq Ft

Est. 1,276% increase in value since last sale

Current estimated payment $4,506/month

9 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of March 2013

Perfect as a starter home or investment property. Needs a lot of work, but come take a look! Priced accordingly with the repairs needed. Short sale approval required.

Last Agent to Sell the Property

J Corrales

US Home Realty License #SA554279000 Listed on: 10/18/2012

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $565

Year Built

  • Built in 1963

Lot Details

  • 7,884

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 125-20-021

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $4,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$565

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 40th & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Treated, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 125-20-021

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1440.0
  • Annual Operating Expense: 4405.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 565.0
  • Tax Book Number: 125.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Holmberg Matthew
Bought by
Ochoa Maria E and The Ochoa Family Revocable Tru
Current Estimated Value
$846,500

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
Outstanding Balance
$1,428,507
Interest Rate
2.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$582,007

Purchase Details

Closed on
Dec 8, 2020
Sold by
4102 E Porland St Llc
Bought by
Holmberg Matthew

Purchase Details

Closed on
Mar 21, 2019
Sold by
4101 E Belleview St Llc
Bought by
4116 E Moreland St Llc

Purchase Details

Listed on
Oct 18, 2012
Closed on
Mar 5, 2013
Sold by
Ruiz Jeronimo
Bought by
Moore Justin
Seller's Agent
J Corrales
US Home Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$45,000
Sold Price
$61,500
Premium/Discount to List
$16,500
36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.69%

Purchase Details

Closed on
Sep 30, 2005
Sold by
Pelletier Geraldine
Bought by
Ruiz Jeronimo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 21, 2005
Sold by
Ruiz Elizabeth K
Bought by
Ruiz Jeronimo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 15, 2004
Sold by
Ianc Florin
Bought by
Dragos Voda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 7, 2003
Sold by
Ianc Alina
Bought by
Ianc Florin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2001
Sold by
Pescador Pablo R and Pescador Candelaria
Bought by
Rodriguez Juan A and Rodriguez Jennifer

Purchase Details

Closed on
Feb 24, 2000
Sold by
Parry Holdings Corp
Bought by
Pescador Pablo R and Pescador Candelaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,275
Interest Rate
8.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 1995
Sold by
Southwest S&L Assn
Bought by
Smith Rudger G and Smith Pearlyne C
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
Ochoa Maria E $2,286,000 Wfg National Title
Holmberg Matthew $2,680,000 Chicago Title Agency
4102 E Portland St Llc -- Chicago Title Agency
4116 E Moreland St Llc -- Accommodation
Moore Justin $61,500 Driggs Title Agency Inc
Ruiz Jeronimo $240,000 Security Title Agency Inc
Ruiz Jeronimo -- Security Title Agency Inc
Dragos Voda $163,000 Chicago Title Insurance Co
Pelletier Geraldine -- Chicago Title Insurance Co
Pelletier Geraldine $220,000 Chicago Title Insurance Co
Ianc Florin -- Multiple
Ianc Florin $163,000 Multiple
Rodriguez Juan A -- --
Pescador Pablo R $101,500 Capital Title Agency
Smith Rudger G -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Maria E $1,600,000
Previous Owner Ruiz Jeronimo $228,000
Previous Owner Ruiz Jeronimo $228,000
Previous Owner Pelletier Geraldine $44,000
Previous Owner Pelletier Geraldine $154,000
Previous Owner Ianc Florin $146,700
Previous Owner Pescador Pablo R $86,275
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2013 03/08/13 Sold $61,500 +36.7% $20 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $45,000 -- $14 / 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 $1,009 $7,906 -- --
2024 $940 $7,530 -- --
2023 $940 $49,770 $9,950 $39,820
2022 $907 $32,460 $6,490 $25,970
2021 $922 $25,670 $5,130 $20,540
2020 $905 $21,180 $4,230 $16,950
2019 $901 $17,210 $3,440 $13,770
2018 $849 $15,270 $3,050 $12,220
2017 $813 $14,430 $2,880 $11,550
2016 $796 $8,400 $1,680 $6,720
2015 $747 $7,320 $1,460 $5,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4836455

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-021