$230,000
SOLD SEP 30, 2012

4241 N 23rd Ave Unit 5 Phoenix, AZ 85015

Alhambra Neighborhood
16 Beds
8 Baths
644 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$357 Per Sq Ft

28% Below List Price

120 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Painted or Stained Flooring

About This Home

As of September 2012

Traditional sale-Priced for quick close! All 2 bedroom/1 bath units - 4 duplexes on two lots qualfiies for residential financing! 80% occupied. Current rents at $460 with one at $495! Room for increases! It's turn key! Drive by only, please do not disturb the residents. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 03/26/2012

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Marla Wicks

DeLex Realty License #SA537509000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,324

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Siding
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile
  • Vinyl

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $1,234 per year Dock Fee
  • 8 Units
  • Building Dimensions are irr

Building Details

  • Insurance Expense $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,324

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Additionall Parcels: Yes
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Siding, Stucco
  • Cross Street: 23rd Ave/Camelback
  • Floors: Ceramic Tile, Vinyl
  • Roads Streets: Asphalt
  • Property Type: F
  • Marketing Name: 23rd Ave/Glenrosa 8 Unit
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 8.00
  • Map Code Grid: P33
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: S to Glenrosa - on SEC of Glenrosa and 23rd Ave.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping, Fenced
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Paved Parking
  • Total Parking Spaces: 8.00

Utilities

  • Water: City Franchise
  • Electric: APS, Individual Meter, SRP
  • Cooling: Individual, Window/Wall Unit
  • Heating: Individual, Window/Wall Unit(s)

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: irr

Multi Family

  • Income And Expenses Adjusted Gross Inc: 43200.00
  • Income And Expenses Annual Ins Exp: 1600.00
  • Income And Expenses Annual Landscape Exp: 500.00
  • Income And Expenses Annual Maint Exp: 1500.00
  • Income And Expenses Annual Mgmt Exp: 4320.00
  • Income And Expenses Annual Trash Exp: 1800.00
  • Income And Expenses Annual Water Sewer Exp: 2520.00
  • Income And Expenses Gross Annual Sch Inc: 48000.00
  • Income And Expenses Net Operating Income: 28507.00
  • Income And Expenses Operating Exp: 13474.00
  • Income And Expenses Totl Mnth Rntal Inc: 4000.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 8
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 4
  • Total Numberof Units: 8.00
  • Two Bedroom Units Avg Rent: 500.00
  • Two Bedroom Units Avg Sq Ft: 644
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1234.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
Pengol Wilson Llc
Bought by
Owens Jessica D
Current Estimated Value
$666,973

Purchase Details

Closed on
Sep 17, 2021
Sold by
Leos James
Bought by
Pengol Wilson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$968,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2015
Sold by
Behseresht Arya and Lui Bonnie
Bought by
Leos James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 26, 2012
Closed on
Sep 27, 2012
Sold by
Caballero Klaus Peter Frank
Bought by
Behseresht Arya and Lui Bonnie
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$318,000
Sold Price
$230,000
Premium/Discount to List
-$88,000
-27.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$82,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2012
Sold by
Frank Klaus Peter
Bought by
Caballero Klaus Peter Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,250
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2010
Sold by
The Bank Of New York Mellon
Bought by
Frank Klaus Peter

Purchase Details

Closed on
May 20, 2010
Sold by
Hughes William and Hughes Edie
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Sep 7, 2004
Sold by
Nbi Llc
Bought by
Foresight Investment Group Llc

Purchase Details

Closed on
Apr 20, 2004
Sold by
Union Equity Llc
Bought by
Hughes William and Hughes Edie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2004
Sold by
Moyer John C
Bought by
Kma Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 1999
Sold by
Moyer Cynthia L
Bought by
Moyer John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,800
Interest Rate
7.7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $675,000 Ez Title
Special Warranty Deed $1,100,000 Chicago Title Agency Inc
Warranty Deed $170,000 Chicago Title Agency Inc
Warranty Deed $115,000 Chicago Title Agency Inc
Quit Claim Deed -- First American Title Ins Co
Cash Sale Deed $61,000 First American Title Ins Co
Trustee Deed $99,000 First American Title
Special Warranty Deed -- Security Title Agency
Warranty Deed $216,000 Equity Title Agency Inc
Trustee Deed $152,800 --
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $968,000 Commercial
Previous Owner $127,500 New Conventional
Previous Owner $82,500 New Conventional
Previous Owner $195,250 Purchase Money Mortgage
Previous Owner $172,000 Purchase Money Mortgage
Previous Owner $63,800 No Value Available
Closed $21,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2016 04/18/16 Rented $550 0.0% --
04/10/2016 04/10/16 Under Contract -- -- --
02/17/2016 02/17/16 For Rent $550 0.0% --
09/30/2012 09/30/12 Sold $230,000 -27.7% $357 / Sq Ft
07/24/2012 07/24/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $318,000 -- $494 / 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 $1,324 $9,219 -- --
2024 $1,331 $8,780 -- --
2023 $1,331 $36,570 $7,310 $29,260
2022 $1,310 $27,010 $5,400 $21,610
2021 $1,322 $23,270 $4,650 $18,620
2020 $1,271 $20,500 $4,100 $16,400
2019 $1,256 $17,400 $3,480 $13,920
2018 $1,159 $15,160 $3,030 $12,130
2017 $1,145 $13,270 $2,650 $10,620
2016 $1,096 $11,400 $2,280 $9,120
2015 $1,038 $9,810 $1,962 $7,848
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4739653

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-013A