NOT LISTED FOR SALE

Estimated Value: $464,000 - $783,000

4 Beds
-- Bath
1,701 Sq Ft
$358/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $355,000 $209 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,283/month

56 Days on Market

Highlights

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

About This Home

As of December 2019

1,701 sqft DUPLEX. Total of 4bedrooms/2baths per duplex, 2beds/1bath per unit. Unit #1 has tile flooring throughout, ceramic countertop, upgraded kitchen appliances, upgraded bathroom, and laundry equipment inside. Unit #2 has tile flooring throughout, upgraded bathroom, and laundry equipment inside. This property has been well maintained in order to keep loyal tenants. Driveway and/or carport correlating with each unit. This property has the ability to be converted into multi-family, high density residence (R4 zoning). The rental potential speaks for itself.

Last Agent to Sell the Property

Kathleen Millar

Elite Partners License #SA682252000 Listed on: 08/29/2019

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,033

Year Built

  • Built in 1950

Lot Details

  • 6,578

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Union Elementary School
  • Central High Middle School
  • Phoenix Union - Wilson College Preparatory High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 53
  • Assessor Parcel Number 155-32-053

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6571
  • Indian Park Subdivision

Building Details

  • Operating Expense $3,983
  • Gross Income $21,261
  • Net Operating Income $20,358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,033

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Indian School and 3rd avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Mobile Home Prk Info Total Number Spaces: 2
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: INDIAN PARK
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Brick
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric, Individual
  • 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:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Union Elementary School
  • High School: Phoenix Union - Wilson College Preparatory
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Central High School

Lot Info

  • Lot Size: 6571
  • Additional Parcels: No
  • Parcel #: 155-32-053

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 1000.0
  • Annual Gross Income: 21261.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20358.0
  • Annual Operating Expense: 3983.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1033.0
  • Tax Book Number: 155.00
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Lee Seung Yoon
Bought by
Jupiter1 Llc
Current Estimated Value
$609,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Outstanding Balance
$294,254
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$314,974

Purchase Details

Listed on
Aug 29, 2019
Closed on
Dec 16, 2019
Sold by
Baker Steven Kenneth and Lee Seung Yoon
Bought by
Jupiter 1 Llc
Seller's Agent
Kathleen Millar
Elite Partners
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$266,250
Interest Rate
3.75%

Purchase Details

Listed on
Aug 29, 2019
Closed on
Dec 2, 2019
Sold by
Poggi Edith E and Edith E Poddi Revocable Trust
Bought by
Baker Steven Kenneth and Lee Seung Yoon
Seller's Agent
Kathleen Millar
Elite Partners
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
3.75%

Purchase Details

Closed on
Jun 1, 1999
Sold by
Yule Larry
Bought by
Poggi Edith
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
Jupiter1 Llc -- Accommodation
Lee Seung Yoon -- Great American Ttl Agcy Inc
Lee Seung Yoon -- Great American Ttl Agcy Inc
Jupiter 1 Llc -- Premier Title Agency
Baker Steven Kenneth $355,000 Premier Title Agency
Poggi Edith $224,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Seung Yoon $329,000
Previous Owner Baker Steven Kenneth $266,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $355,000 0.0% $209 / Sq Ft
12/04/2019 12/04/19 For Sale $355,000 0.0% $209 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $355,000 -- $209 / 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 $1,173 $9,035 -- --
2024 $1,095 $8,605 -- --
2023 $1,095 $37,070 $7,410 $29,660
2022 $1,089 $30,650 $6,130 $24,520
2021 $1,108 $28,310 $5,660 $22,650
2020 $1,080 $23,170 $4,630 $18,540
2019 $1,033 $16,720 $3,340 $13,380
2018 $999 $13,350 $2,670 $10,680
2017 $917 $13,480 $2,690 $10,790
2016 $884 $10,000 $2,000 $8,000
2015 $822 $7,960 $1,590 $6,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5972885

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-32-053