NOT LISTED FOR SALE

Estimated Value: $655,000 - $718,000

-- Bed
-- Bath
3,564 Sq Ft
$191/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $560,000 $157 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,687/month

2 Days on Market

Highlights

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

About This Home

As of July 2021

INVESTORS HERE YOU GO!! AMAZING FOURPLEX WITH ALL 2BR/2BA UNITS! Location is in HIGH DEMAND with rents ~$3500/mo and room to raise. Fully occupied and NO HOA! Each unit has private outdoor space and W/D hookups. DRIVE BY ONLY - DO NOT DISTURB TENANTS. Showings after accepted contract. Buyer to verify all facts.

Last Agent to Sell the Property

Nathan Waite

Silverhawk Realty License #SA677376000 Listed on: 06/05/2021

Last Buyer's Agent

Wendy Heller

eXp Realty License #SA653397000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,084

Year Built

  • Built in 1984

Lot Details

  • 8,407

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Cesar E Chavez Community Elementary School
  • South Mountain High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 30
  • Assessor Parcel Number 113-14-028

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8400
  • Dos Bloques Subdivision

Building Details

  • Operating Expense $8,352
  • Gross Income $34,884
  • Net Operating Income $26,595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,084

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: BROADWAY AND CENTRAL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: COMM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: From Central, go East on Broadway to 3rd St. Go North on 3rd St. Property on the right.
  • Road Surface Type: Asphalt
  • Subdivision Name: DOS BLOQUES
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, 1 Space/Unit
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • 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:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 3800.0

Schools

  • Elementary School: Cesar E Chavez Community School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8400
  • Additional Parcels: No
  • Parcel #: 113-14-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34884.0
  • Insurance Expense: 2468.0
  • Property Net Operating Income: 26595.0
  • Annual Operating Expense: 8352.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1084.0
  • Tax Book Number: 113.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jun 30, 2021
Sold by
4211 S 3Rd Street Llc
Bought by
Mohan Suchitra and Sankaran Sriram
Seller's Agent
Nathan Waite
Silverhawk Realty
Buyer's Agent
Wendy Heller
eXp Realty
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%
Current Estimated Value
$680,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,404
Avg. Annual Appreciation
4.97%
Original Mortgage
$412,500
Outstanding Balance
$378,313
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$307,981

Purchase Details

Listed on
Sep 1, 2019
Closed on
Nov 19, 2019
Sold by
Kayali Bandar
Bought by
4211 S 3Rd Street Llc
Seller's Agent
Daniela Rubio
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Taylor Shirley
Montebello Fine Properties
List Price
$434,900
Sold Price
$375,000
Premium/Discount to List
-$59,900
-13.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.51%
Original Mortgage
$281,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2019
Closed on
Nov 4, 2019
Sold by
Forrest Charles
Bought by
Kayali Bandar
Seller's Agent
Daniela Rubio
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Taylor Shirley
Montebello Fine Properties
List Price
$434,900
Sold Price
$375,000
Premium/Discount to List
-$59,900
-13.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2016
Closed on
Jun 21, 2016
Sold by
Garcia Craig V
Bought by
Forrest Charles
Seller's Agent
Craig Garcia
DeLex Realty
Buyer's Agent
Craig Garcia
DeLex Realty
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.83%
Original Mortgage
$211,105
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 3, 2013
Closed on
Nov 19, 2013
Sold by
South Park Grace Llc
Bought by
Garcia Craig
Seller's Agent
Harry D'Elia
WeDo Real Estate and Beyond
Buyer's Agent
Keilene Dean
Success Property Brokers
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.25%
Original Mortgage
$117,826
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2010
Sold by
Pham Julie Khanh Kim Thi
Bought by
South Park Grace Llc

Purchase Details

Closed on
Jun 3, 2010
Sold by
Wells Fargo Bank Na
Bought by
Pham Julie Khanh Kim Thi

Purchase Details

Closed on
Apr 19, 2010
Sold by
Figueroa Elda Karina Sepulveda
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 27, 2006
Sold by
Mercado Francisco
Bought by
Fifueroa Elda Karina Sepulveda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 22, 2003
Sold by
Candelaria Frank and Candelaria Dahlia
Bought by
Mercado Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.89%
Mortgage Type
Seller Take Back
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
Mohan Suchitra $560,000 Equity Title Agency Inc
4211 S 3Rd Street Llc -- Accommodation
Kayali Bandar $375,000 Wfg National Title Ins Co
Forrest Charles $215,000 First Arizona Title Agency
Garcia Craig $120,000 Precision Title Agency Inc
South Park Grace Llc $46,000 Security Title Agency
Pham Julie Khanh Kim Thi $26,000 Pioneer Title Agency Inc
Wells Fargo Bank Na $78,005 Accommodation
Fifueroa Elda Karina Sepulveda -- Grand Canyon Title Agency
Mercado Francisco $120,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohan Suchitra $412,500
Previous Owner Kayali Bandar $281,250
Previous Owner Forrest Charles $211,105
Previous Owner Garcia Craig $117,826
Previous Owner Figueroa Elda Karina Sepulveda $195,000
Previous Owner Mercado Francisco $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $560,000 -5.9% $157 / Sq Ft
06/05/2021 06/05/21 For Sale $595,000 +58.7% $167 / Sq Ft
11/20/2019 11/20/19 Sold $375,000 -11.7% $105 / Sq Ft
09/21/2019 09/21/19 Price Changed $424,900 -2.3% $119 / Sq Ft
09/01/2019 09/01/19 For Sale $434,900 +102.3% $122 / Sq Ft
07/01/2016 07/01/16 Sold $215,000 -2.3% $60 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $220,000 +83.3% $62 / Sq Ft
11/27/2013 11/27/13 Sold $120,000 -3.9% $34 / Sq Ft
10/17/2013 10/17/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $124,900 -- $35 / 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 $1,130 $7,692 -- --
2024 $1,098 $7,326 -- --
2023 $1,098 $38,860 $7,770 $31,090
2022 $1,076 $26,460 $5,290 $21,170
2021 $1,098 $21,060 $4,210 $16,850
2020 $1,084 $18,470 $3,690 $14,780
2019 $1,049 $18,020 $3,600 $14,420
2018 $1,021 $14,820 $2,960 $11,860
2017 $973 $12,200 $2,440 $9,760
2016 $925 $10,350 $2,070 $8,280
2015 $871 $8,270 $1,650 $6,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6246378

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-14-028