$80,000
SOLD AUG 29, 2014
-- Bed
-- Bath
568 Sq Ft
6,490 Sq Ft Lot

Recently Sold

$141 Per Sq Ft

43% Below List Price

39 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2017

Great Investor Property! Two units have been recently painted and have new tenants. The property is part of an estate and is owned free and clear. Excellent cash flow, interiors are mostly original.

Last Agent to Sell the Property

James Pompe

West USA Realty License #SA513102000 Listed on: 06/17/2014

West USA Realty

Last Buyer's Agent

Felix Corral

Good Company Real Estate License #SA647501000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1931

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 116-25-066

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 50x130
  • Stewart Tract Subdivision

Building Details

  • Net Operating Income $13,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$720

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: Van Bruen & 14th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Year Built: 1931
  • Tax Year: 2012
  • Directions: North on 14th St. to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: Stewart Tract
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Brick
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 50x130
  • Additional Parcels: No
  • Parcel #: 116-25-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 750.0
  • Property Net Operating Income: 13950.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 720.0
  • Tax Book Number: 116.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Sep 20, 2017
Sold by
Best Joseph and Best Meagan
Bought by
Mega Elite Holding Llc
Seller's Agent
Chris Lewis
Realty ONE Group
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$308,000
Sold Price
$291,888
Premium/Discount to List
-$16,112
-5.23%
Current Estimated Value
$556,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,369
Avg. Annual Appreciation
8.64%

Purchase Details

Closed on
Jul 20, 2017
Sold by
Best Family Living Trust
Bought by
Best Joseph and Best Meagan

Purchase Details

Closed on
Apr 20, 2017
Sold by
422 N 14Th Street Llc
Bought by
Best Meagan

Purchase Details

Closed on
Dec 15, 2016
Sold by
Griffin Andy
Bought by
The Portfolio Phx Llc

Purchase Details

Closed on
Dec 1, 2015
Sold by
The District Phx Llc
Bought by
The Portfolio Phx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2015
Sold by
Bmj Dreamworks Llc
Bought by
The District Phx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2014
Closed on
Oct 3, 2014
Sold by
Manradge Brigadare
Bought by
Bmj Dreamworks Llc
Seller's Agent
James Pompe
West USA Realty
Buyer's Agent
Felix Corral
Good Company Real Estate
List Price
$140,000
Sold Price
$80,000
Premium/Discount to List
-$60,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.50%
Original Mortgage
$60,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2014
Closed on
Aug 18, 2014
Sold by
Manradge Jameika and Manradge Brigadare
Bought by
Manradge Brigadare
Seller's Agent
James Pompe
West USA Realty
Buyer's Agent
Felix Corral
Good Company Real Estate
List Price
$140,000
Sold Price
$80,000
Premium/Discount to List
-$60,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.11%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $291,888 Grand Canyon Title Agency
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Special Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $90,000 First Arizona Title Agency
Warranty Deed -- None Available
Interfamily Deed Transfer -- Great American Title Agency
Cash Sale Deed $80,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $81,000 Commercial
Previous Owner $60,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2017 09/21/17 Sold $291,888 -5.2% $514 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $308,000 +285.0% $542 / Sq Ft
08/29/2014 08/29/14 Sold $80,000 -42.9% $141 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $140,000 -- $246 / 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 $1,133 $8,470 -- --
2024 $1,122 $8,067 -- --
2023 $1,122 $33,430 $6,680 $26,750
2022 $1,082 $23,770 $4,750 $19,020
2021 $1,074 $20,620 $4,120 $16,500
2020 $1,086 $19,130 $3,820 $15,310
2019 $1,084 $13,810 $2,760 $11,050
2018 $1,066 $12,250 $2,450 $9,800
2017 $1,041 $11,930 $2,380 $9,550
2016 $1,011 $9,070 $1,810 $7,260
2015 $936 $7,470 $1,490 $5,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5131943

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-25-066