NOT LISTED FOR SALE

Estimated Value: $426,000 - $623,000

4 Beds
3 Baths
1,647 Sq Ft
$346/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $550,000 $334 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,105/month

2 Days on Market

Highlights

  • 4 Car Attached Garage
  • Cooling Available
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2023

This is a great opportunity for either an investor, or perfect for an owner/occupant to acquire a solid investment property located in the heart of Central Phoenix. Minutes from large central Phoenix job centers, medical centers, grocery stores, & some of the hippest areas of the city; Encanto, Uptown, Midtown, Downtown & Melrose. Close to Phx airport, sporting events & quick freeway access. Triplex is 2 buildings: a single family & duplex surrounding a spacious center courtyard common area, with Newer roofs (2017) & a newer ac unit for one unit (2019). Fenced backyard for 2 units & front yard area for 1 unit. 2br/1ba unit fully remodeled with all current on trend finishes including Kitchen w/white shaker cabinets, Carrera style white quartz countertops, stainless steel appliances, subway tiled bathroom shower, gorgeous wood look plank tile flooring. Opportunity for value add in updating other 2 units (both 1br/1ba), or keep as is with retro, vintage charm style. Covered parking. Solid investment property, or Income generating owner occupant and/or Airbnb potential! Block construction. Additional value add to add coin operated laundry to a large enclosed storage room with w/d hook ups currently set up.

Last Agent to Sell the Property

Heather Osuch

HomeSmart License #SA652667000 Listed on: 06/17/2023

HomeSmart

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1948

Lot Details

  • 8,320

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Car Attached Garage
  • 1 Open Parking Space
  • Carport
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Legal Lot and Block -/1/A / 1
  • Assessor Parcel Number 155-47-037

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8,338
  • Bel Air Blk 10_& 11 Subdivision

Building Details

  • Operating Expense $1,558
  • Gross Income $37,061
  • Net Operating Income $32,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,558

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2022
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: BEL AIR BLK 10_& 11
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved, Free, Add'l Parking Avail, Attached, 1 Space/Unit, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8,338
  • Additional Parcels: No
  • Parcel #: 155-47-037

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Gross Income: 37061.4
  • Property Net Operating Income: 32380.0
  • Annual Operating Expense: 1558.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1558.0
  • Tax Block: 1
  • Tax Book Number: 155.00
  • Tax Lot: -/1/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Aug 14, 2023
Sold by
Wey Jaclyn and Wey Lawrence
Bought by
Az Adobe Loma Vista Llc
Seller's Agent
Heather Osuch
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%
Views
6
Current Estimated Value
$569,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,100
Avg. Annual Appreciation
1.37%
Original Mortgage
$412,500
Outstanding Balance
$401,265
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$167,835

Purchase Details

Listed on
Jun 17, 2023
Closed on
Jul 25, 2023
Sold by
Kolme Llc
Bought by
Wey Jaclyn and Huang Lawrence
Seller's Agent
Heather Osuch
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$401,265
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$167,835

Purchase Details

Closed on
Dec 15, 2020
Sold by
Redman Margot
Bought by
Kolme Llc

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

Closed on
Jul 19, 2016
Sold by
Building Blocks Management Llc
Bought by
Barr John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
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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
Az Adobe Loma Vista Llc -- --
Az Adobe Phoenix Llc -- --
Wey Jaclyn $565,000 Premier Title Agency
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
Open Wey Jaclyn $412,500
Previous Owner Redman Margot $238,107
Previous Owner Barr John R $338,011
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 List to Sale Price per Sq Ft
07/25/2023 07/25/23 Sold $550,000 -2.7% $334 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $565,000 -- $343 / 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 $1,765 $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: 6570155

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-47-037