NOT LISTED FOR SALE

Estimated Value: $288,000 - $633,237

1 Bed
1 Bath
945 Sq Ft
$550/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $240,000 $254 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,853/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2017

Excellent and very durable rental building. 3 2 bedroom units with all tile rented at an average of 680.00 each. All solid tenants who pay on time and have good credit. Clean building that cashflows!

Last Agent to Sell the Property

Jon Dzwonkoski

Greater Phoenix Management License #BR643387000 Listed on: 08/02/2017

Last Buyer's Agent

Jeanie Teyechea

Opportunity 2 Own Real Estate License #BR555154000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1956

Lot Details

  • 7,449

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Block 1
  • Assessor Parcel Number 155-47-038-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are unknown
  • Bel Air Blk 10_& 11 Subdivision

Building Details

  • Operating Expense $9,270
  • Gross Income $23,256
  • Net Operating Income $23,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,400

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Glenrosa
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2016
  • Road Surface Type: Gravel, Dirt
  • Professional Management Expense: 3420.0
  • Subdivision Name: BEL AIR BLK 10_& 11
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2160.0

Schools

  • Junior High Dist: Out of Area

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 155-47-038-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 23256.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1440.0
  • Property Net Operating Income: 23256.0
  • Annual Operating Expense: 9270.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1400.0
  • Tax Block: 1
  • Tax Book Number: 155.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2019
Sold by
Sivertson Sven
Bought by
Bel Air Management Llc
Current Estimated Value
$519,309

Purchase Details

Listed on
Aug 2, 2017
Closed on
Aug 27, 2017
Sold by
Sivertson Angelia M and Sivertson Sven
Bought by
Sivertson Sven
Seller's Agent
Jon Dzwonkoski
Greater Phoenix Management
Buyer's Agent
Jeanie Teyechea
Opportunity 2 Own Real Estate
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%
Original Mortgage
$188,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 23, 2015
Closed on
Jul 19, 2016
Sold by
Building Blocks Management Llc
Bought by
Barr John R
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Jon Dzwonkoski
Red Brick Realty, LLC
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.09%
Original Mortgage
$338,011
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2011
Sold by
Wasta Llc
Bought by
Building Blocks Management Llc

Purchase Details

Closed on
Jul 30, 2010
Sold by
Citibank Na
Bought by
Wasta Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Okpala Christian E
Bought by
Citibank Na

Purchase Details

Closed on
Dec 13, 2007
Sold by
Okpala Christian E
Bought by
Encanto Business Center Llc

Purchase Details

Closed on
Jun 30, 2005
Sold by
Brimhall Joshua C
Bought by
Okpala Christian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
2.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2005
Sold by
Okpala Ogechukwu
Bought by
Okpala Christian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
2.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2003
Sold by
Antiques International Ltd
Bought by
Brimhall Joshua C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 1997
Sold by
Krueger Martin E and Krueger Delores D
Bought by
Schultz Carla J and Rosie Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,534
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Bel Air Management Llc -- None Available
Sivertson Sven -- Pioneer Title Agency Inc
Sivertson Sven $235,000 Pioneer Title Agency Inc
Barr John R $360,000 Pioneer Title Agency Inc
Building Blocks Management Llc $96,900 American Title Service Agenc
Wasta Llc $65,400 Great American Title Agency
Citibank Na $272,210 Great American Title Agency
Encanto Business Center Llc -- None Available
Okpala Christian E $243,000 Arizona Title Agency Inc
Okpala Christian E -- Arizona Title Agency Inc
Brimhall Joshua C $175,000 Fidelity National Title
Schultz Carla J $150,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sivertson Sven $188,000
Previous Owner Barr John R $338,011
Previous Owner Okpala Christian E $194,400
Previous Owner Brimhall Joshua C $140,000
Previous Owner Schultz Carla J $78,534
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2017 09/12/17 Sold $240,000 -4.0% $254 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $249,900 +38.8% $264 / Sq Ft
06/30/2016 06/30/16 Sold $180,000 -9.5% $190 / Sq Ft View Prior Sale
05/18/2016 05/18/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $199,000 -- $211 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,840 $14,168 -- --
2024 $1,718 $13,494 -- --
2023 $1,718 $48,460 $9,690 $38,770
2022 $1,668 $32,300 $6,460 $25,840
2021 $1,700 $28,550 $5,710 $22,840
2020 $1,657 $24,480 $4,890 $19,590
2019 $1,584 $24,020 $4,800 $19,220
2018 $1,531 $21,470 $4,290 $17,180
2017 $1,403 $14,700 $2,940 $11,760
2016 $1,353 $12,800 $2,560 $10,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5640843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-47-038A