NOT LISTED FOR SALE

Estimated Value: $572,000 - $645,000

4 Beds
3 Baths
1,647 Sq Ft
$367/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $180,000 $109 Per Sq Ft

Est. 236% increase in value since last sale

Current estimated payment $3,335/month

208 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of June 2016

Must be purchased with 4332 N 15th Ave Tri-Plex to the South.
A beautiful property and solid performer in Central Phoenix! This is truly a keeper asset: solid construction in a great area with long term stable occupancy. You will love the low maintenance and low vacancy. Your tenants will love the spacious units and proximity to everything: award winning restaurants and employers are just a stone’s throw away. So are the hip Phoenix arts districts. Plenty of parking and onsite laundry are also amenities attractive to tenants. Past rehab consisted of new landscaping, ceramic tile flooring, new appliances, painted exterior/interior, upgraded bathrooms. The tenants will appreciate the large secure courtyards, and the close proximity to the Phoenix Canal System.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 10/23/2015

Coldwell Banker Commercial Realty

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Jon Dzwonkoski

Red Brick Realty, LLC License #BR643387000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1956

Lot Details

  • 8,320

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Free Parking
  • Paved Parking

Additional Features

  • Concrete Flooring
  • Cooling Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot Metes and Bounds
  • Assessor Parcel Number 155-47-037

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 69X120
  • Bel Air Subdivision

Building Details

  • Operating Expense $8,874
  • Gross Income $21,914
  • Net Operating Income $13,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Camelback and 15th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2015
  • Directions: South on 15th Ave past Canal. Property is on West Side of Street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1700.0
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: Bel Air
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 69X120
  • Additional Parcels: No
  • Parcel #: 155-47-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 250.0
  • Annual Gross Income: 21914.4
  • Insurance Expense: 800.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 13040.0
  • Annual Operating Expense: 8874.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1174.0
  • Tax Book Number: 155.00
  • Tax Lot: Metes and Bounds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Redman Margot
Bought by
Kolme Llc
Current Estimated Value
$604,608

Purchase Details

Closed on
Aug 27, 2017
Sold by
Barr John R
Bought by
Redman Margot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,107
Interest Rate
3.37%
Mortgage Type
FHA

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
14.00%
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 27, 2010
Sold by
Citibank Na
Bought by
Wasta Llc

Purchase Details

Closed on
Mar 9, 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
$140,800
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2001
Sold by
Rosie Kathleen M
Bought by
Antiques International Ltd

Purchase Details

Closed on
Sep 30, 1999
Sold by
Schultz Carla J
Bought by
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
$93,750
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1995
Sold by
Daley Guy M
Bought by
Rosie Kathleen M and Schultz Carla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7.42%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Kolme Llc -- None Available
Redman Margot $163,000 Pioneer Title Agency Inc
Barr John R $360,000 Pioneer Title Agency Inc
Building Blocks Management Llc $95,500 American Title Service Agenc
Wasta Llc $63,000 Great American Title Agency
Citibank Na $267,478 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 $176,000 Fidelity National Title
Antiques International Ltd $130,000 Fidelity National Title
Rosie Kathleen M -- Security Title Agency
Rosie Kathleen M $77,125 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Redman Margot $238,107
Previous Owner Barr John R $338,011
Previous Owner Building Blocks Management Llc $186,750
Previous Owner Building Blocks Management Llc $250,000
Previous Owner Okpala Christian E $244,000
Previous Owner Okpala Christian E $194,400
Previous Owner Brimhall Joshua C $140,800
Previous Owner Rosie Kathleen M $93,750
Previous Owner Rosie Kathleen M $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $180,000 -9.5% $109 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $199,000 -- $121 / 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 $1,705 $13,590 -- --
2024 $1,648 $12,943 -- --
2023 $1,648 $46,270 $9,250 $37,020
2022 $1,558 $30,150 $6,030 $24,120
2021 $1,592 $27,960 $5,590 $22,370
2020 $1,550 $24,680 $4,930 $19,750
2019 $1,481 $24,080 $4,810 $19,270
2018 $1,430 $21,320 $4,260 $17,060
2017 $1,309 $14,250 $2,850 $11,400
2016 $1,262 $12,400 $2,480 $9,920
2015 $1,174 $11,170 $2,230 $8,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5352872

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-47-037