NOT LISTED FOR SALE

Estimated Value: $469,000 - $717,000

-- Bed
4 Baths
1,974 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $230,000 $117 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,172/month

17 Days on Market

Highlights

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

About This Home

As of March 2019

Fantastic duplex, fully rented with month to month tenants! One unit is a 2 bedroom, 1 bath and the other is a 2 bed/2bath (1,975 total sq ft). Each unit has their own backyard and storage area, with one of the units having an addtional storage shed off their yard. Courtyard area between the units, carport, located by a culdasac and great freeway access. Add this property to your investment portfolio or live in one side and keep the other rented out.

Last Listed By

Jill Comfort

Comfort Realty License #BR576955000 Listed on: 02/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 1969

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Griffith Elementary Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 126-07-066

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7780
  • Ella Lee Subdivision

Building Details

  • Operating Expense $5,146
  • Gross Income $15,456
  • Net Operating Income $13,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,018

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: 40th St & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1969
  • Tax Year: 981
  • Directions: East on McDowell, left on 41st Pl, right on Almeria to property on right.
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 840.0
  • Subdivision Name: ELLA LEE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1511.0

Schools

  • High School: Camelback High School
  • Middle Or Junior School: Griffith Elementary School

Lot Info

  • Lot Size: 7780
  • Additional Parcels: No
  • Parcel #: 126-07-066

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 15456.0
  • Insurance Expense: 777.0
  • Property Net Operating Income: 13213.8
  • Annual Operating Expense: 5146.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 2018.0
  • Tax Book Number: 126.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Mar 4, 2019
Sold by
Blue Sky Rentals Llc
Bought by
Q I Properties Llc
Seller's Agent
Jill Comfort
Comfort Realty
Buyer's Agent
Kathaleen Patterson
Realty ONE Group
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%
Total Days on Market
17
Current Estimated Value
$550,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,689
Avg. Annual Appreciation
15.10%
Original Mortgage
$227,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2018
Sold by
Rockstar Holdings Llc
Bought by
Blue Sky Rentals Llc

Purchase Details

Closed on
Mar 1, 2017
Sold by
Brink Zita Rosa
Bought by
Rockstar Holdings Llc

Purchase Details

Closed on
Sep 9, 2003
Sold by
Brink Zita Rosa
Bought by
Brink Zita Roa and Zita Rosa Brink Trust Agreement

Purchase Details

Closed on
Feb 4, 1998
Sold by
Noel Virginia L Klemme and Klemme Virginia L
Bought by
Brink Zita Rosa

Purchase Details

Closed on
Mar 21, 1994
Sold by
Klemme Virginia L
Bought by
Klemme Virginia L

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
Q I Properties Llc $230,000 First American Title Ins Co
Blue Sky Rentals Llc -- None Available
Rockstar Holdings Llc $160,000 Empire West Title Agency
Brink Zita Roa -- --
Brink Zita Rosa $99,500 Security Title Agency
Klemme Virginia L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Q 1 Properties Llc $195,000
Closed Q I Properties Llc $227,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $230,000 -4.2% $117 / Sq Ft
03/02/2019 03/02/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $240,000 0.0% $122 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $240,000 -- $122 / 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 $1,070 $8,907 -- --
2024 $1,060 $8,483 -- --
2023 $1,060 $32,170 $6,430 $25,740
2022 $1,021 $23,480 $4,690 $18,790
2021 $1,039 $22,710 $4,540 $18,170
2020 $1,019 $19,500 $3,900 $15,600
2019 $1,015 $18,350 $3,670 $14,680
2018 $956 $16,350 $3,270 $13,080
2017 $916 $15,150 $3,030 $12,120
2016 $896 $14,470 $2,890 $11,580
2015 $841 $9,520 $1,900 $7,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5882631

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-066