Seller's Agent in 2020
Joseph Roth
DeLex Realty
(312) 919-9403
71 Total Sales
4220 N 3rd Ave Phoenix, AZ 85013
Uptown Phoenix NeighborhoodEstimated Value: $530,120 - $744,000
--
Bed
--
Bath
1,604
Sq Ft
$378/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of September 2020Wonderfully remodeled duplex in one of the hottest area's of Phoenix. Just blocks from the Melrose neighborhood, this multi-family rental property spared no expense in its recent remodel. This property cash flows well at over a 6% CAP rate and will only create larger profits as this part of town continues to excel. The 3/2 has a solid lease in place at $1450 and the 2/1 is rented at $1295. Each unit has a washer and dryer and private yards. Tenants pay all utilities, as gas, electric and water are separately metered. Walk or bike to numerous restaurants and shopping, Steel Indian School park around the corner and even walk to the light rail. Great purchase for even your most particular investor! Drive by only. No interior showings until contract acceptance.
Last Buyer's Agent
Chris F Campbell
Chris F Campbell License #BR533398000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $991
Year Built
- Built in 1950
Lot Details
- 6,708
Home Design
- Brick Exterior Construction
- Composition Roof
Flooring
- Wood Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Paved Parking
Schools
- Clarendon Elementary School
- Osborn Middle School
- Central High School
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
- The owner pays for landscaping
- Tax Lot 23
- Assessor Parcel Number 155-32-023
Community Details
Overview
- 2 Units
- Building Dimensions are 6720
- Indian Park Subdivision
Building Details
- Operating Expense $1,791
- Gross Income $32,940
- Net Operating Income $30,389
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2020
Closed on
Sep 24, 2020
Sold by
Rodriguez Laura Marie and Mensah Kofi
Bought by
Mensah Kofi
Seller's Agent
Joseph Roth
DeLex Realty
Buyer's Agent
Chris F Campbell
Chris F Campbell
List Price
$489,900
Sold Price
$465,000
Premium/Discount to List
-$24,900
-5.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,530
Avg. Annual Appreciation
5.18%
Original Mortgage
$348,750
Outstanding Balance
$310,195
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$296,335
Purchase Details
Listed on
Aug 3, 2020
Closed on
Sep 15, 2020
Sold by
4220 N 3Rd Avenue Llc
Bought by
Mensah Kofi
Seller's Agent
Joseph Roth
DeLex Realty
Buyer's Agent
Chris F Campbell
Chris F Campbell
List Price
$489,900
Sold Price
$465,000
Premium/Discount to List
-$24,900
-5.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Outstanding Balance
$310,195
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$296,335
Purchase Details
Listed on
Sep 11, 2019
Closed on
Nov 7, 2019
Sold by
Rayyan Isa
Bought by
4220 N 3Rd Avenue Llc
Seller's Agent
Teresa Perrine
HomeSmart
Buyer's Agent
Joseph Roth
DeLex Realty
List Price
$455,000
Sold Price
$437,500
Premium/Discount to List
-$17,500
-3.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$328,125
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 11, 2019
Closed on
Oct 15, 2019
Sold by
Rayyan Jaime and Rayyan Isa
Bought by
Rayyan Isa
Seller's Agent
Teresa Perrine
HomeSmart
Buyer's Agent
Joseph Roth
DeLex Realty
List Price
$455,000
Sold Price
$437,500
Premium/Discount to List
-$17,500
-3.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,125
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2018
Sold by
Oak Street Properties Llc
Bought by
Werner Andrew J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 20, 2018
Sold by
Dsk Az Investments L L C
Bought by
Oak Street Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 25, 2005
Sold by
Korechoff Steven D
Bought by
Dsk Az Investments Llc
Purchase Details
Closed on
Jun 11, 2004
Sold by
66Th Street Apartments Llc
Bought by
Korechoff Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 7, 1994
Sold by
Nair Stephen M
Bought by
L C Construction & Development Co
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mensah Kofi | -- | Old Republic Title Agency | |
| Mensah Kofi | $465,000 | Old Republic Title Agency | |
| 4220 N 3Rd Avenue Llc | -- | None Available | |
| Rayyan Isa | -- | American Title Svc Agcy Llc | |
| Rayyan Isa | $437,500 | American Title Svc Agcy Llc | |
| Werner Andrew J | $285,000 | American Title Service Agenc | |
| Oak Street Properties Llc | $250,000 | American Title Service Agenc | |
| Dsk Az Investments Llc | -- | None Available | |
| Korechoff Steven | $168,000 | Fidelity National Title | |
| L C Construction & Development Co | $374,964 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mensah Kofi | $348,750 | |
| Previous Owner | Rayyan Isa | $328,125 | |
| Previous Owner | Werner Andrew J | $290,000 | |
| Previous Owner | Korechoff Steven | $134,400 | |
| Closed | Korechoff Steven | $25,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2020 09/17/20 | Sold | $465,000 | -5.1% | $290 / Sq Ft | |
| 08/03/2020 08/03/20 | For Sale | $489,900 | +12.0% | $305 / Sq Ft | |
| 10/15/2019 10/15/19 | Sold | $437,500 | -3.8% | $273 / Sq Ft | View Prior Sale |
| 09/11/2019 09/11/19 | For Sale | $455,000 | -- | $284 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,126 | $8,671 | -- | -- |
| 2024 | $1,051 | $8,258 | -- | -- |
| 2023 | $1,051 | $35,570 | $7,110 | $28,460 |
| 2022 | $1,045 | $29,470 | $5,890 | $23,580 |
| 2021 | $1,063 | $27,260 | $5,450 | $21,810 |
| 2020 | $1,036 | $22,280 | $4,450 | $17,830 |
| 2019 | $991 | $16,030 | $3,200 | $12,830 |
| 2018 | $959 | $12,820 | $2,560 | $10,260 |
| 2017 | $880 | $12,950 | $2,590 | $10,360 |
| 2016 | $849 | $9,610 | $1,920 | $7,690 |
| 2015 | $789 | $7,630 | $1,520 | $6,110 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Roth
-
C
Buyer's Agent in 2020
Chris F Campbell
Chris F Campbell
-
Teresa Perrine
Seller's Agent in 2019
Teresa Perrine
HomeSmart
(602) 410-1752
1 in this area
81 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6112201
APN: 155-32-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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