NOT LISTED FOR SALE

4401 N 18th Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $352,000 - $530,000

8 Beds
-- Bath
1,574 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $560,000 $356 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,482/month

3 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of January 2022

Quiet area just off the Grand Canal. Walkable to 19th Ave. All two bedroom units, approx 800 sq ft each with covered parking, washer/dryer hookups and storage. Fully rented, stable tenants. Do not disturb tenants. Drive by only. Buyer to verify all measurements, financials, flood zone, zoning, & any item of concern prior to close of escrow.

Last Agent to Sell the Property

Timothy Schutt

Wrangler Real Estate License #BR567000000 Listed on: 11/09/2021

Co-Listed By

Richard Schutt

Wrangler Real Estate License #BR108116000

Last Buyer's Agent

Timothy Schutt

Wrangler Real Estate License #BR567000000 Listed on: 11/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,057

Year Built

  • Built in 1954

Lot Details

  • 6,926

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for water, sewer
  • Tax Lot 130
  • Assessor Parcel Number 155-51-068

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 140x119
  • Bonnie Lea Subdivision

Building Details

  • Operating Expense $1,057
  • Gross Income $3,492
  • Net Operating Income $15,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,057

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Turney and 18th Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1954
  • Tax Year: 2021
  • Directions: South from Campbell on 18th
  • Attribution Contact: 480-510-4555
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: lgry01
  • Co List Office Phone: 480-510-4555
  • Subdivision Name: BONNIE LEA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Lot Info

  • Lot Size: 140x119
  • Additional Parcels: Yes
  • Parcel #: 155-51-068

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 3492.0
  • Property Net Operating Income: 15552.0
  • Annual Operating Expense: 1057.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1057.0
  • Tax Book Number: 155.00
  • Tax Lot: 130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Jan 2, 2022
Sold by
Bonnie Lea Apartments Llc
Bought by
4401 N 18Th Avenue Llc
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Timothy Schutt
Wrangler Real Estate
List Price
$545,000
Sold Price
$560,000
Premium/Discount to List
$15,000
2.75%
Current Estimated Value
$452,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$107,068
Avg. Annual Appreciation
-4.64%
Original Mortgage
$196,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2018
Sold by
Bonnie Lea Holdings Llc
Bought by
Bonnie Lea Apartments Llc

Purchase Details

Closed on
Aug 24, 2007
Sold by
Dale Barry J
Bought by
Bonnie Lea Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
4401 N 18Th Avenue Llc $280,000 New Title Company Name
Bonnie Lea Apartments Llc -- None Available
Bonnie Lea Properties Llc $192,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 4401 N 18Th Avenue Llc $640,000
Closed 4401 N 18Th Avenue Llc $196,000
Previous Owner Bonnie Lea Properties Llc $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2022 01/12/22 Sold $560,000 +2.8% $356 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $545,000 -- $346 / 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 $1,082 $8,620 -- --
2024 $1,045 $8,210 -- --
2023 $1,045 $34,300 $6,860 $27,440
2022 $1,039 $23,600 $4,720 $18,880
2021 $1,057 $20,700 $4,140 $16,560
2020 $1,030 $17,160 $3,430 $13,730
2019 $985 $14,660 $2,930 $11,730
2018 $953 $11,520 $2,300 $9,220
2017 $875 $10,360 $2,070 $8,290
2016 $844 $8,810 $1,760 $7,050
2015 $784 $7,780 $1,550 $6,230
Source: Public Records

Agents Affiliated with this Home

  • Timothy Schutt

    Seller's Agent in 2022

    Timothy Schutt

    Wrangler Real Estate

    (520) 591-0027

    3 in this area

    1,579 Total Sales

    Timothy Schutt
    Section Image
  • Richard Schutt

    Seller Co-Listing Agent in 2022

    Richard Schutt

    Wrangler Real Estate

    (480) 313-2246

    1 in this area

    1,145 Total Sales

    Richard Schutt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6318889

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-51-068

Arizona Maricopa County Phoenix 85015 Alhambra

4401 N 18th Ave, Phoenix, AZ

This home is located at 4401 N 18th Ave, Phoenix, AZ 85015 since 09 November 2021 and is currently estimated at $452,932, approximately $287 per square foot. This property was built in 1954. 4401 N 18th Ave is a home located in Maricopa County with nearby schools including Clarendon Elementary School, Encanto Elementary School, and Osborn Middle School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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