NOT LISTED FOR SALE

Estimated Value: $690,000 - $944,000

-- Bed
-- Bath
2,798 Sq Ft
$303/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $517,500 $185 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,553/month

30 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2019

4133 E. Belleview Street offers an investor the opportunity to acquire a 4 unit (One 2BR/1BA and three 1BR/1BA), workforce housing apartment community that was built in 1963 and significantly renovated in 2018. The property is individually metered, extensively xeriscaped and has
single story units. The renovation included exterior and interior paint, windows, doors, flooring, tub surrounds, light and plumbing fixtures, electric and gas appliances. The units also have individual hot water heaters, washer/dryer hookups, individual outside storage, security front screen doors and private gated front patios.
*Adjacent 4-Plex (MLS #5929635) can be purchased as well, or each 4-plex can be purchased individually.
*Please DO NOT disturb tenants.

Last Agent to Sell the Property

Nicholas Neslund

Lee & Associates License #SA666183000 Listed on: 05/20/2019

Last Buyer's Agent

Nicholas Neslund

Lee & Associates License #SA666183000 Listed on: 05/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $578

Year Built

  • Built in 1963

Lot Details

  • 7,884

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 125-20-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are 168' x 94'
  • Whispering Sands Subdivision

Building Details

  • Operating Expense $578
  • Gross Income $39,708
  • Net Operating Income $35,508

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$578

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: WHISPERING SANDS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Built-Up
  • 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:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 168' x 94'
  • Additional Parcels: No
  • Parcel #: 125-20-015

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 39708.0
  • Property Net Operating Income: 35508.0
  • Annual Operating Expense: 577.94

Tax Info

  • Tax Annual Amount: 577.94
  • Tax Book Number: 125.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2021
Sold by
Whitney Management Llc
Bought by
Whitney Management Az Llc
Current Estimated Value
$848,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Outstanding Balance
$4,914,886
Interest Rate
2.65%
Mortgage Type
Commercial
Estimated Equity
-$4,066,219

Purchase Details

Listed on
May 20, 2019
Closed on
Jul 11, 2019
Sold by
4133 E Bellview St Llc
Bought by
Whitney Management Llc
Seller's Agent
Nicholas Neslund
Lee & Associates
Buyer's Agent
Nicholas Neslund
Lee & Associates
List Price
$1,150,000
Sold Price
$517,500
Premium/Discount to List
-$632,500
-55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Sep 14, 2016
Sold by
Colicchio David
Bought by
4133 E Belleview St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,154
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2006
Sold by
Foresight Investment Group Llc
Bought by
Colicchio David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,760
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Bolton Kenneth N
Bought by
Foresight Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,760
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2003
Sold by
Nordeoff Bryon
Bought by
Bolton Kenneth N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,750
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2002
Sold by
Nordeoff Bryon
Bought by
Nordeoff Elizabeth A

Purchase Details

Closed on
Feb 22, 2002
Sold by
Kuon Heng Kim
Bought by
Nordeoff Elizabeth A

Purchase Details

Closed on
Oct 12, 1999
Sold by
Hartmann Therese A
Bought by
Seng Salim and Kuon Heng Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
7.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Whitney Management Az Llc -- Premier Title Agency
Whitney Management Llc $1,035,000 Chicago Title Agency
4133 E Belleview St Llc $175,193 Chicago Title Agency Inc
Colicchio David $218,450 Ticor Title Agency Of Az Inc
Foresight Investment Group Llc $562,500 Capital Title Agency Inc
Bolton Kenneth N $175,000 Chicago Title Insurance Co
Nordeoff Elizabeth A -- Nations Title Insurance
Nordeoff Elizabeth A $127,000 Nations Title Insurance
Seng Salim $93,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitney Management Az Llc $5,500,000
Previous Owner 4133 E Belleview St Llc $140,154
Previous Owner Colicchio David $174,760
Previous Owner Foresight Investment Group Llc $160,000
Previous Owner Bolton Kenneth N $148,750
Previous Owner Seng Salim $83,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $517,500 -10.0% $185 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
05/22/2019 05/22/19 Price Changed $575,000 -50.0% $206 / Sq Ft
05/22/2019 05/22/19 For Sale $1,150,000 0.0% $411 / Sq Ft
05/22/2019 05/22/19 Price Changed $1,150,000 +122.2% $411 / Sq Ft
05/20/2019 05/20/19 Off Market $517,500 -- --
05/20/2019 05/20/19 For Sale $1,050,000 -- $375 / 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 $646 $5,382 -- --
2024 $640 $5,126 -- --
2023 $640 $46,060 $9,210 $36,850
2022 $617 $30,060 $6,010 $24,050
2021 $628 $23,860 $4,770 $19,090
2020 $616 $19,680 $3,930 $15,750
2019 $614 $15,910 $3,180 $12,730
2018 $578 $14,100 $2,820 $11,280
2017 $554 $13,350 $2,670 $10,680
2016 $542 $7,760 $1,550 $6,210
2015 $508 $6,730 $1,340 $5,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5928436

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-015