NOT LISTED FOR SALE
2 Beds
2 Baths
900 Sq Ft
0.69 Acre Lot

Sale Details

Date Sold: December 11, 2015

Last sale price $895,000 $994 Per Sq Ft

19 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of December 2015

Tenants are not aware of the sale so please no questions. Also, the property is 100% occupied so unit tours will be given upon contract acceptance.

The property has been extensively improved by the current ownership completing renovations on 10 of the 11 units. The unit improvement program included painting the units, painting the cabinets, installing new appliances, and replacing the primary lighting fixtures and ceiling fans. In some cases new tile or carpet flooring has been installed. The pool has also been restored to full working order and has obtained permits which had previously lapsed in 2006. The pool, pool deck, and pool fencing has all been brought up to current code with the City of Phoenix.

Last Agent to Sell the Property

Dan Harach

Allegiant Properties License #SA575941000 Listed on: 09/20/2015

Last Buyer's Agent

Chad Barber

Fenix CRE License #BR646108000

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,288

Year Built

  • Built in 1986

Lot Details

  • 0.69

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 22 Parking Spaces
  • 13 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Legal Lot and Block 15 / 1
  • Assessor Parcel Number 163-32-015

Community Details

Overview

  • 2 Buildings
  • 11 Units
  • Building Dimensions are 0.69
  • East Morningside Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Gross Income $97,663
  • Net Operating Income $56,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,288

Year Built

Built in 1986

Lot Details

0.69 Acres

Listing Details

  • Cross Street: Devonshire/22nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5187.0
  • Subdivision Name: EAST MORNINGSIDE
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, Compactor, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Compactor2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 13.0
  • Parking Features: Paved Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 13.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 22.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.69
  • Additional Parcels: No
  • Parcel #: 163-32-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Electric Expense: 11811.0
  • Annual Gross Income: 97663.18
  • Insurance Expense: 3579.0
  • Maintenance Expense: 5500.0
  • Property Net Operating Income: 56868.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 7288.0
  • Tax Block: 1
  • Tax Book Number: 163.00
  • Tax Lot: 15

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
Jun 22, 2017
Sold by
4226 North 27Th Street Lllp
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
$1,468,000
Outstanding Balance
$1,191,778
Interest Rate
3.95%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 20, 2015
Closed on
Dec 24, 2015
Sold by
22Nd Street Apartments Llc
Bought by
4226 North 27Th Street Lllp
Seller's Agent
Dan Harach
Allegiant Properties
Buyer's Agent
Chad Barber
Fenix CRE
List Price
$945,000
Sold Price
$895,000
Premium/Discount to List
-$50,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 15, 2013
Closed on
Jan 16, 2014
Sold by
Paik Hark Moon and Paik Taihi
Bought by
22Nd Street Apartments Llc
Seller's Agent
Zach Steinke
Pacwest Properties, Inc
Buyer's Agent
Zach Steinke
Pacwest Properties, Inc
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.83%
Original Mortgage
$315,000
Interest Rate
4.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 2002
Sold by
Easley Herbert C and Easley Carol M
Bought by
Shea & Tatum Investors Llc

Purchase Details

Closed on
Jul 1, 1997
Sold by
Easley Herbert C and Easley Carol M
Bought by
Easley Herbert C and Easley Carol M

Purchase Details

Closed on
Nov 27, 1995
Sold by
Baran Nell
Bought by
Paik Hark Moon and Paik Taihi

Purchase Details

Closed on
Aug 23, 1995
Sold by
Baran Nell
Bought by
Karadanis George

Purchase Details

Closed on
Aug 10, 1995
Sold by
Baran Nell
Bought by
Paik Hark Moon and Paik Taihi

Purchase Details

Closed on
Jun 27, 1994
Sold by
Karadanis George
Bought by
Paik Hark Moon and Paik Taihi

Purchase Details

Closed on
Mar 10, 1988
Sold by
Baran Nell
Bought by
Karadanis George
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Camelback East Village, AZ

See All Agents

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
$1,980,000 Commonwealth Title
4226 North 27Th Street Lllp $895,000 Commonwealth Land Title Ins
22Nd Street Apartments Llc $615,000 Fidelity National Title Agen
Shea & Tatum Investors Llc $420,188 Chicago Title Insurance Co
Easley Herbert C -- --
Paik Hark Moon -- --
Paik Hark Moon -- --
Karadanis George -- --
Paik Hark Moon -- --
Paik Hark Moon $325,000 Fidelity Title
Karadanis George -- --
Karadanis George -- --
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 $1,468,000
Previous Owner 4226 North 27Th Street Lllp $1,000,000
Previous Owner 22Nd Street Apartments Llc $315,000
Previous Owner Paik Hark Moon $235,000
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
12/11/2015 12/11/15 Sold $895,000 -5.3% $994 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
09/20/2015 09/20/15 For Sale $945,000 +53.7% $1,050 / Sq Ft
01/15/2014 01/15/14 Sold $615,000 -5.4% $683 / Sq Ft View Prior Sale
11/05/2013 11/05/13 Pending -- -- --
09/15/2013 09/15/13 For Sale $650,000 -- $722 / Sq Ft
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 $10,035 $75,225
2024 $9,302 $71,643
2023 $9,302 $353,950 $70,790 $283,160
2022 $9,038 $257,900 $51,580 $206,320
2021 $9,116 $216,070 $43,210 $172,860
2020 $9,072 $182,700 $36,540 $146,160
2019 $8,760 $126,920 $25,380 $101,540
2018 $8,562 $100,060 $20,010 $80,050
2017 $8,249 $93,250 $18,650 $74,600
2016 $7,877 $78,110 $15,620 $62,490
2015 $7,288 $74,200 $14,840 $59,360
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5338860

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.