NOT LISTED FOR SALE

Estimated Value: $240,000 - $1,108,386

Studio
-- Bath
-- Sq Ft
0.59 Acre Lot

Sale Details

Date Sold: June 3, 2024

Last sale price $1,150,000

Est. 23% decrease in value since last sale

Current estimated payment $4,962 / mo

159 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of June 2024

No P&L, No T-12 or Financials. Seller Finance with minimum $250K Down Payment & 6% Interest only payment 3 years balloon payment. 5-Plex has 5 Single story, garden style community located in the highly sought after 85016 area code. The property offers several potential options for investors. The Seller has previously been told that can be approved for 9 luxury townhomes or can be updated the existing units & add 4 more units. The Lot size is 25,579 and it is comprised of 4 X1 bed/1 bath units, and one 2 bed/1 bath unit + one storage building. All units have in suite laundry & under roof parking next to each unit. The 5plex offers a large greenbelt with several large shade trees. During the Seller's ownership property been kept in great condition.

Last Agent to Sell the Property

Erkan Kurnaz

Realty ONE Group License #SA541933000 Listed on: 12/08/2023

Last Buyer's Agent

Katie Baccus

Compass License #SA639631000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,266

Year Built

  • Built in 1950

Lot Details

  • 0.59

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Parking Spaces
  • Carport
  • On-Street Parking

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 163-28-042

Community Details

Overview

  • 6 Buildings
  • 5 Units
  • Building Dimensions are 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
  • Morningside Acres Subdivision

Building Details

  • Operating Expense $7,366
  • Gross Income $71,100
  • Net Operating Income $59,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,266

Year Built

Built in 1950

Lot Details

0.59 Acres

Listing Details

  • Cross Street: 17TH ST & INDIAN SCHOOL RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3 MULTI FAMILY
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: MORNINGSIDE ACRES
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3100.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
  • Additional Parcels: No
  • Parcel #: 163-28-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 71100.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 59700.0
  • Annual Operating Expense: 7366.0

Tax Info

  • Tax Annual Amount: 1266.0
  • Tax Book Number: 163.00
  • Tax Lot: 20

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

Listed on
Dec 8, 2023
Closed on
Jun 3, 2024
Sold by
Bought by
Seller's Agent
Erkan Kurnaz
Realty ONE Group
Buyer's Agent
Katie Baccus
Compass
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
37
Current Estimated Value
$889,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$260,153
Avg. Annual Appreciation
-11.29%
Original Mortgage
$800,000
Interest Rate
0.071%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 7, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2006
Sold by
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
$54,000
Interest Rate
0.0676%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2005
Sold by
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
$231,000
Interest Rate
0.0725%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2005
Sold by
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
$185,000
Interest Rate
0.0577%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2001
Sold by
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
$141,900
Interest Rate
0.0709%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 1999
Sold by
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
$92,265
Interest Rate
0.0724%

Purchase Details

Closed on
Mar 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 1996
Sold by
Bought by
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

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
$1,150,000 None Listed On Document
-- None Listed On Document
-- None Available
-- None Available
-- None Available
$360,000 Camelback Title Agency Llc
-- --
$330,000 --
$225,000 Security Title Agency Inc
$200,000 --
$149,900 Security Title Agency
-- --
$115,000 North American Title Agency
$90,000 North American Title Agency
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 $800,000
Previous Owner $125,000
Previous Owner $54,000
Previous Owner $270,000
Previous Owner $231,000
Previous Owner $185,000
Previous Owner $141,900
Previous Owner $92,265
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
06/03/2024 06/03/24 Sold $1,150,000 -8.0% --
05/16/2024 05/16/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,250,000 +8.7% --
05/15/2024 05/15/24 Off Market $1,150,000 -- --
04/12/2024 04/12/24 Price Changed $1,250,000 +13.6% --
03/06/2024 03/06/24 Price Changed $1,100,000 -4.3% --
02/29/2024 02/29/24 Price Changed $1,150,000 -8.0% --
02/06/2024 02/06/24 Price Changed $1,250,000 +8.7% --
01/20/2024 01/20/24 Price Changed $1,150,000 -4.2% --
01/17/2024 01/17/24 Price Changed $1,200,000 +1.9% --
01/12/2024 01/12/24 Price Changed $1,178,000 -1.7% --
01/02/2024 01/02/24 Price Changed $1,198,900 0.0% --
12/19/2023 12/19/23 Price Changed $1,199,000 -4.0% --
12/08/2023 12/08/23 For Sale $1,249,000 -- --
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 $1,365 $10,476
2024 $1,266 $9,977
2023 $1,266 $32,370 $6,470 $25,900
2022 $1,229 $23,570 $4,710 $18,860
2021 $1,239 $20,050 $4,010 $16,040
2020 $1,220 $19,230 $3,840 $15,390
2019 $1,193 $17,320 $3,460 $13,860
2018 $1,164 $12,850 $2,570 $10,280
2017 $1,109 $10,780 $2,150 $8,630
2016 $1,071 $12,100 $2,420 $9,680
2015 $994 $9,560 $1,910 $7,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6638604

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-28-042

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