NOT LISTED FOR SALE

Estimated Value: $423,556 - $1,058,000

1 Bed
-- Bath
3,144 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 20, 2017

Last sale price $220,000 $70 Per Sq Ft

Est. 275% increase in value since last sale

Current estimated payment $4,393/month

54 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2017

DON'T MISS THIS OPPORTUNITY, WONDERFUL FOUR PLEX!! fully occupied and recently remodeled with a patio for each unit. Location is great close to airport and major freeways. Ideal for an investor, All units are rented at $612/month.Don't miss out this great investment!

Last Agent to Sell the Property

Ophelia Mougel

West USA Realty License #SA532063000 Listed on: 07/08/2017

Last Buyer's Agent

Gad Nagar

Altair Realty LLC License #SA640798000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $794

Year Built

  • Built in 1963

Lot Details

  • 7,710

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Schools

  • Union Elementary School
  • Camelback High School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 41
  • Assessor Parcel Number 125-20-043

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7500-10,000
  • Whispering Sands Subdivision

Building Details

  • Operating Expense $794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$794

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 40th Street & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2016
  • Road Surface Type: Dedicated Street
  • Subdivision Name: WHISPERING SANDS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Union Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7500-10,000
  • Additional Parcels: No
  • Parcel #: 125-20-043

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 794.0

Tax Info

  • Tax Annual Amount: 794.0
  • Tax Book Number: 125.00
  • Tax Lot: 41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Amit Netzach
Bought by
Netzach Investments Llc
Current Estimated Value
$824,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,067,700
Outstanding Balance
$1,933,858
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
-$1,108,969

Purchase Details

Listed on
Jul 8, 2017
Closed on
Sep 5, 2017
Sold by
Immo Global Llc
Bought by
Netzach Amit
Seller's Agent
Ophelia Mougel
West USA Realty
Buyer's Agent
Gad Nagar
Altair Realty LLC
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.28%
Original Mortgage
$141,500
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 8, 2017
Closed on
Sep 4, 2017
Sold by
Devafill Usa Llc
Bought by
Immo Global Llc
Seller's Agent
Ophelia Mougel
West USA Realty
Buyer's Agent
Gad Nagar
Altair Realty LLC
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,500
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 7, 2013
Sold by
Inspired Globally Llc
Bought by
Defafill Usa Llc

Purchase Details

Closed on
Dec 6, 2011
Sold by
Jop Properties Llc
Bought by
Cjba Llc

Purchase Details

Closed on
Jan 28, 2011
Sold by
J & J Real Estate Holdings Llc
Bought by
Jop Properties

Purchase Details

Closed on
Dec 15, 2010
Sold by
Arnold Carolyn
Bought by
J & J Real Estate Holdings Llc

Purchase Details

Closed on
Apr 5, 2006
Sold by
Martin Jeff and Martin Leigh
Bought by
Arnold Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 31, 2005
Sold by
Boanca Daniel
Bought by
Martin Jeff and Martin Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 21, 2003
Sold by
Boanca Claudia
Bought by
Boanca Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.71%
Mortgage Type
Unknown

Purchase Details

Closed on
May 20, 2003
Sold by
Pescador Pablo R and Pescador Candelaria A
Bought by
Boanca Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 3, 1996
Sold by
Beltran Investments Ltd
Bought by
Rios William A and Rios Elsa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,800
Interest Rate
7.14%
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
Netzach Investments Llc -- Boston National Title
Netzach Investments Llc -- Boston National Title
Netzach Investments Llc -- Boston National Title
Netzach Investments Llc -- Boston National Title
Netzach Amit $220,000 Security Title Agency Inc
Immo Global Llc $195,000 Security Title Agency Inc
Defafill Usa Llc $193,000 Security Title Agency
Inspired Globally Llc $140,000 Security Title Agency
Cjba Llc $135,000 Fidelity Natl Title Agency I
Jop Properties $50,000 Fidelity National Title Insu
J & J Real Estate Holdings Llc $45,000 Chicago Title
Arnold Carolyn $269,500 Land Title Agency Of Az Inc
Martin Jeff $238,500 Capital Title Agency Inc
Boanca Daniel -- Land Title Agency Of Az Inc
Boanca Daniel $167,500 Land Title Agency Of Az Inc
Rios William A -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Netzach Investments Llc $2,067,700
Previous Owner Netzach Amit $141,500
Previous Owner Arnold Carolyn $215,600
Previous Owner Martin Jeff $190,800
Previous Owner Boanca Daniel $25,000
Previous Owner Boanca Daniel $125,625
Previous Owner Boanca Daniel $125,625
Previous Owner Rios William A $45,800
Closed Martin Jeff $23,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2017 09/20/17 Sold $220,000 -11.6% $70 / Sq Ft
09/11/2017 09/11/17 For Sale $249,000 0.0% $79 / Sq Ft
07/07/2017 07/07/17 For Sale $249,000 -- $79 / 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 $1,006 $7,885 -- --
2024 $938 $7,509 -- --
2023 $938 $49,630 $9,920 $39,710
2022 $904 $32,370 $6,470 $25,900
2021 $919 $25,580 $5,110 $20,470
2020 $902 $21,110 $4,220 $16,890
2019 $899 $17,170 $3,430 $13,740
2018 $847 $15,250 $3,050 $12,200
2017 $811 $14,410 $2,880 $11,530
2016 $794 $8,380 $1,670 $6,710
2015 $745 $7,310 $1,460 $5,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5630629

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-043