J
Seller's Agent in 2020
Juan Carlos Acosta
neXGen Real Estate
434 N 42nd St Phoenix, AZ 85008
Camelback East Village NeighborhoodEstimated Value: $596,157 - $762,000
--
Bed
--
Bath
1,450
Sq Ft
$466/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of July 2020WORK DONE!! HUGE opportunity to own this Cash Cow ***6.5% CAP RATE with POTENTIAL TO INCREASE TO 7.5% ***FULLY ESTABLISHED TENANTS with long history (over 10 years ) Excellent location near Tempe ASU, Arcadia Venue, Scottsdale,The complex is right behind Chinese Cultural Center ALL units upgraded including new kitchen with GRANITE or QUARTZ COUNTER TOPS, TILE Floors TILE showers, NEW INSULATION (2 units)PAINT New WINDOWS New DOORS NEW A/C Units split systems, Roof was replaced few years ago and recently added 10 year urethane roof coating, Upgraded Apex underground plumbing, New poput windows with stucco finish, HUGE LOT EASY TO BUILD MORE UNITS, Best of all TENANTS ARE LIKE GOLD ON TIME PAYING!! no headaches no issues. Drive by only DO NOT Disturb tenants. owner agent THANKS For SHOWING
Last Agent to Sell the Property
Juan Carlos Acosta
neXGen Real Estate License #SA539036000 Listed on: 05/09/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,019
Year Built
- Built in 1947
Lot Details
- 8,233
Home Design
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for gas, electricity, water
- Tax Lot 59
- Assessor Parcel Number 125-32-060-A
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 60 X 109
- Lancaster Manors Subdivision
Building Details
- Operating Expense $9,386
- Gross Income $35,280
- Net Operating Income $27,626
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2020
Closed on
Jun 23, 2020
Sold by
Carlos Acosta Juan
Bought by
Candelario Cortez and Candelario Mariana Cortes
Seller's Agent
Juan Carlos Acosta
neXGen Real Estate
Buyer's Agent
Katiann Craciunescu
My Home Group Real Estate
List Price
$409,950
Sold Price
$400,000
Premium/Discount to List
-$9,950
-2.43%
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
$276,039
Avg. Annual Appreciation
10.51%
Original Mortgage
$300,000
Outstanding Balance
$265,426
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$410,613
Purchase Details
Listed on
May 29, 2014
Closed on
Nov 12, 2014
Sold by
Neria Alvaro Bolanos
Bought by
Acosta Juan Carlos
Seller's Agent
Juan Carlos Acosta
American Freedom Realty
Buyer's Agent
Juan Carlos Acosta
American Freedom Realty
List Price
$142,000
Sold Price
$90,000
Premium/Discount to List
-$52,000
-36.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.34%
Original Mortgage
$85,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Dec 18, 2013
Closed on
Jan 8, 2014
Sold by
Millsap Eric
Bought by
Neria Alvaro Bolano
Seller's Agent
Lance Connolly
West USA Realty
Buyer's Agent
Leticia Fuerte
My Home Group Real Estate
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.44%
Purchase Details
Closed on
Oct 26, 2011
Sold by
7400 Acceptance Llc
Bought by
Millsap Eric
Purchase Details
Closed on
Jul 27, 2011
Sold by
Milan Jeffrey
Bought by
7400 Acceptance Llc
Purchase Details
Closed on
Apr 13, 2011
Sold by
Nilan Jeffrey
Bought by
7400 Acetpance Oreo Llc
Purchase Details
Closed on
Aug 29, 2007
Sold by
Valentine Heather
Bought by
Milan Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,693
Interest Rate
6.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 16, 2006
Sold by
Forty Second St 434 N Llc
Bought by
Valentine Heather
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.3%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jul 3, 2006
Sold by
Fletcher Michael L
Bought by
Forty Second St 434 N Llc
Purchase Details
Closed on
Jun 23, 2005
Sold by
Escarcega Ysabel C
Bought by
Fletcher Michael L and Fletcher Rose Q
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 20, 2000
Sold by
Uphoff Carl E
Bought by
Escarcega Ysabel C and Escarcega Maria T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,930
Interest Rate
8.53%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Candelario Cortez | $400,000 | Pioneer Title Agency Inc | |
| Acosta Juan Carlos | $90,000 | Grand Canyon Title Agency In | |
| Neria Alvaro Bolano | $65,000 | Great American Title Agency | |
| Millsap Eric | $32,000 | None Available | |
| 7400 Acceptance Llc | $50,000 | Empire West Title Agency | |
| 7400 Acetpance Oreo Llc | -- | None Available | |
| Milan Jeffrey | $265,000 | Land Title Agency Of Az Inc | |
| Valentine Heather | $200,000 | Land Title Agency Of Az Inc | |
| Forty Second St 434 N Llc | -- | None Available | |
| Fletcher Michael L | $170,000 | Title Security Agency Of Az | |
| Escarcega Ysabel C | $79,900 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Candelario Cortez | $300,000 | |
| Previous Owner | Acosta Juan Carlos | $85,000 | |
| Previous Owner | Milan Jeffrey | $290,693 | |
| Previous Owner | Valentine Heather | $40,000 | |
| Previous Owner | Fletcher Michael L | $119,000 | |
| Previous Owner | Escarcega Ysabel C | $55,930 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2020 07/08/20 | Sold | $400,000 | -2.4% | $276 / Sq Ft | |
| 06/11/2020 06/11/20 | Pending | -- | -- | -- | |
| 05/09/2020 05/09/20 | For Sale | $409,950 | +355.5% | $283 / Sq Ft | |
| 11/21/2014 11/21/14 | Sold | $90,000 | -36.6% | $62 / Sq Ft | View Prior Sale |
| 11/10/2014 11/10/14 | Pending | -- | -- | -- | |
| 05/28/2014 05/28/14 | For Sale | $142,000 | +118.5% | $98 / Sq Ft | |
| 01/29/2014 01/29/14 | Sold | $65,000 | -13.3% | $45 / Sq Ft | View Prior Sale |
| 01/21/2014 01/21/14 | Pending | -- | -- | -- | |
| 12/18/2013 12/18/13 | For Sale | $75,000 | -- | $52 / 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 | $710 | $5,909 | -- | -- |
| 2024 | $703 | $5,628 | -- | -- |
| 2023 | $703 | $24,230 | $4,840 | $19,390 |
| 2022 | $678 | $15,830 | $3,160 | $12,670 |
| 2021 | $689 | $13,310 | $2,660 | $10,650 |
| 2020 | $676 | $11,880 | $2,370 | $9,510 |
| 2019 | $674 | $10,120 | $2,020 | $8,100 |
| 2018 | $635 | $6,910 | $1,380 | $5,530 |
| 2017 | $608 | $7,070 | $1,410 | $5,660 |
| 2016 | $595 | $5,420 | $1,080 | $4,340 |
| 2015 | $558 | $4,310 | $860 | $3,450 |
Source: Public Records
Agents Affiliated with this Home
-
-
Katiann Craciunescu
Buyer's Agent in 2020
Katiann Craciunescu
My Home Group
(480) 688-5218
1 in this area
89 Total Sales
-
Lance Connolly
Seller's Agent in 2014
Lance Connolly
West USA Realty
(602) 318-4979
40 Total Sales
-
L
Buyer's Agent in 2014
Leticia Fuerte
My Home Group Real Estate
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6076407
APN: 125-32-060A
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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