$225,000
SOLD MAY 16, 2016

4401 N 53rd Ln Unit 1 Phoenix, AZ 85031

-- Bed
-- Bath
4,600 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

6% Below List Price

57 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of March 2019

Wow!!! Seller is motivated and selling at a loss. This building is fully rented and strong history. This building features 5 car garage and an HOA of 275 a month that includes insurance and Trash. Also includes a nice pool along with maintaining landscaping. Seller pays for water. There are two 2 bedroom and 2 bath units and one 2 bedroom one bath unit. One 3 bedroom with 2 baths. Almost a 9% cap if self managed. All facts are approximate buyer verify MLS info

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 01/21/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Covered Spaces
  • Assigned Parking

Schools

  • John F. Long Elementary School
  • Desert Sands Middle School
  • Maryvale High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 20
  • Assessor Parcel Number 144-44-066

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8371

Building Details

  • Gross Income $31,350
  • Net Operating Income $21,559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,191

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51AVE/CAMPBELL
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Private Street, Sidewalk(s), Alley
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 9.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: John F. Long
  • High School: Maryvale High School
  • Middle Or Junior School: Desert Sands Middle School

Lot Info

  • Lot Size: 8371
  • Additional Parcels: No
  • Parcel #: 144-44-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31350.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 21559.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2191.0
  • Tax Book Number: 144.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Carr Milagros L
Bought by
Carr John D
Current Estimated Value
$698,288

Purchase Details

Listed on
Feb 19, 2019
Closed on
Mar 25, 2019
Sold by
Carr John
Bought by
Carr John and Carr Milagros
Seller's Agent
Louise Lively
Regal Elite Realty
Buyer's Agent
Louise Lively
Regal Elite Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$262,500
Outstanding Balance
$233,556
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$457,546

Purchase Details

Listed on
Feb 19, 2019
Closed on
Mar 22, 2019
Sold by
Carr Milagros and Carr John
Bought by
Carr John
Seller's Agent
Louise Lively
Regal Elite Realty
Buyer's Agent
Louise Lively
Regal Elite Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$233,556
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$457,546

Purchase Details

Closed on
Apr 16, 2018
Sold by
Millhoan Victoria and Millhoan Nathan
Bought by
Parkway Village Estates Homeowners Assn

Purchase Details

Listed on
Jan 21, 2016
Closed on
Apr 26, 2016
Sold by
Le Don and Le Jade
Bought by
Milhoan Victoria and Milhoan Nathan
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$240,000
Sold Price
$225,000
Premium/Discount to List
-$15,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.71%
Original Mortgage
$168,750
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Ramirez Francisco J
Bought by
Le Don D and Le Jade D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2003
Sold by
Delcarmen Maria
Bought by
Ramirez Francisco J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2000
Sold by
Kavak Fuat John and Kavak Janet
Bought by
Hernandez Juan and Gonzalez Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,450
Interest Rate
9.12%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Great American Title Agency
Warranty Deed $350,000 Great American Title Agency
Quit Claim Deed -- None Available
Warranty Deed $225,000 First Arizona Title Agency
Warranty Deed $325,000 Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $229,000 Security Title Agency
Warranty Deed $191,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $262,500 New Conventional
Previous Owner $168,750 New Conventional
Previous Owner $260,000 Purchase Money Mortgage
Previous Owner $183,200 Purchase Money Mortgage
Previous Owner $181,450 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2019 03/20/19 Sold $350,000 0.0% $76 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
02/17/2019 02/17/19 For Sale $350,000 +55.6% $76 / Sq Ft
05/16/2016 05/16/16 Sold $225,000 -6.3% $49 / Sq Ft
01/20/2016 01/20/16 For Sale $240,000 -- $52 / 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 $2,759 $16,205 -- --
2024 $2,820 $15,434 -- --
2023 $2,820 $40,870 $8,170 $32,700
2022 $2,659 $30,030 $6,000 $24,030
2021 $2,692 $27,260 $5,450 $21,810
2020 $2,551 $23,450 $4,690 $18,760
2019 $2,441 $20,420 $4,080 $16,340
2018 $2,539 $18,860 $3,770 $15,090
2017 $2,455 $17,470 $3,490 $13,980
2016 $2,348 $15,330 $3,060 $12,270
2015 $2,191 $14,930 $2,980 $11,950
Source: Public Records

Agents Affiliated with this Home

  • Louise Lively

    Seller's Agent in 2019

    Louise Lively

    Regal Elite Realty

    (602) 510-8335

    21 Total Sales

    Louise Lively
    Section Image
  • Mark Perkins

    Buyer Co-Listing Agent in 2019

    Mark Perkins

    HomeSmart

    (602) 518-8294

    93 Total Sales

    Mark Perkins
    Section Image
  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    84 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2016

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    16 Total Sales

    Michelle Hoogendoorn
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5386331

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-066

Arizona Maricopa County Phoenix 85031

4401 N 53rd Ln Unit 1, Phoenix, AZ

This home is located at 4401 N 53rd Ln Unit 1, Phoenix, AZ 85031 and is currently priced at $225,000, approximately $48 per square foot. This property was built in 1973. 4401 N 53rd Ln Unit 1 is a home located in Maricopa County with nearby schools including Marc T. Atkinson Middle School, Maryvale High School, and Phoenix Coding Academy.

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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