$140,000
SOLD JUN 11, 2014
-- Bed
-- Bath
1,964 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$71 Per Sq Ft

24% Below List Price

163 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of December 2017

Darling red brick duplex (adjoining to another duplex-#5033172) & shares grassy courtyard area. Units are 2 bedroom, 1 bath with full kitchen, laundry area, pantry and separate storage area for each unit. Community dryer.

One unit of this duplex is larger than others and can be used as owner unit, if desired.
Tenants in place currently with month-to-month agreements. Rarely vacant.

Close to the light rail and all the the Central Avenue corridor and downtown Phoenix has to offer.
This is the original owner of these properties and both duplexes are to be sold together.

Last Agent to Sell the Property

Patty Bentley

Success Property Brokers License #SA550775000 Listed on: 11/20/2013

Success Property Brokers

Last Buyer's Agent

melinda murphy

Keller Williams Arizona Realty License #BR117767000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $734

Year Built

  • Built in 1950

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 155-32-021

Community Details

Overview

  • 2 Units
  • Building Dimensions are Unk
  • Indian Park Subdivision

Building Details

  • Operating Expense $3,334
  • Net Operating Income $12,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$734

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 3rd Avenue and Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2013
  • Directions: North on 3rd Avenue to property on west side. Address on building shows 4228 & 4234.
  • Road Frontage Type: Alley
  • Subdivision Name: Indian Park
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Unk
  • Additional Parcels: Yes
  • Parcel #: 155-32-021

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 600.0
  • Property Net Operating Income: 12450.0
  • Annual Operating Expense: 3334.0

Tax Info

  • Tax Annual Amount: 734.0
  • Tax Book Number: 155.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2022
Sold by
Phillips Shannon C
Bought by
Marvelous Phillips Family Trust
Total Days on Market
163
Current Estimated Value
$706,135

Purchase Details

Listed on
Oct 31, 2017
Closed on
Dec 1, 2017
Sold by
Fraser Veronique and Phillips Shannon
Bought by
Phillips Shannon
Seller's Agent
Tina Hannaford
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.38%
Original Mortgage
$206,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2013
Closed on
Jun 9, 2014
Sold by
Thomas Roberta J
Bought by
Campo Aaron O and Campo Lauren O
Seller's Agent
Patty Bentley
Success Property Brokers
Buyer's Agent
melinda murphy
Keller Williams Arizona Realty
List Price
$185,000
Sold Price
$140,000
Premium/Discount to List
-$45,000
-24.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.34%
Original Mortgage
$105,000
Interest Rate
4.25%
Mortgage Type
New Conventional
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 -- None Listed On Document
Interfamily Deed Transfer -- Chicago Title Agency Inc
Warranty Deed $275,000 Chicago Title Agency Inc
Warranty Deed $140,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $206,250 New Conventional
Previous Owner $105,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2017 12/05/17 Sold $275,000 -6.8% $140 / Sq Ft
10/31/2017 10/31/17 For Sale $295,000 +7.3% $150 / Sq Ft
10/30/2017 10/30/17 Off Market $275,000 -- --
10/30/2017 10/30/17 For Sale $295,000 +110.7% $150 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
06/11/2014 06/11/14 Sold $140,000 -24.3% $71 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $185,000 -- $94 / 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 $1,239 $9,873 -- --
2024 $1,197 $9,403 -- --
2023 $1,197 $40,720 $8,140 $32,580
2022 $1,190 $33,670 $6,730 $26,940
2021 $1,211 $30,960 $6,190 $24,770
2020 $1,180 $25,360 $5,070 $20,290
2019 $1,129 $18,420 $3,680 $14,740
2018 $1,091 $14,760 $2,950 $11,810
2017 $1,002 $14,860 $2,970 $11,890
2016 $966 $11,030 $2,200 $8,830
2015 $898 $8,820 $1,760 $7,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5033326

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-32-021