NOT LISTED FOR SALE

4412 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $586,459 - $731,000

4 Beds
-- Bath
4,426 Sq Ft
$147/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $550,000 $124 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,851/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2021

Perfect mix of good sized units with three two bedroom units (one 2 bed 1 bath, Two 2 bed 2 bath) and one three bedroom unit in this 4-plex. This multi-family home sits on a 9,334 square foot lot and is 4336. All of the units have a garage with the three bedroom having a 2 car garage. All garages have washer/dryer hookups. Ground floor units have private rear patios/yards and the upper unit has a balcony. Schools, parks and shopping are close by. All units are kept in good repair by current owner. 2 of the water heated have been replaced last 3 years. The roof renewed in 2017.#3 AC replaced in August,2018.

Last Listed By

Jennifer Mirigliani

Romano Realty LLC License #SA541657000 Listed on: 09/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,763

Year Built

  • Built in 1973

Lot Details

  • 9,322

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Schools

  • John F. Long Elementary School
  • Marc T. Atkinson Middle School
  • Maryvale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 144-44-052

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9334
  • Parkway Village Subdivision

Building Details

  • Operating Expense $14,823
  • Gross Income $36,826
  • Net Operating Income $24,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,763

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 53rd Ave and Campbell
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3300.0
  • Co List Office Mls Id: xpre18
  • Co List Office Phone: 480-722-9800
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • 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:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

Schools

  • Elementary School: John F. Long
  • High School: Maryvale High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Marc T. Atkinson Middle School

Lot Info

  • Lot Size: 9334
  • Additional Parcels: No
  • Parcel #: 144-44-052

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36825.8
  • Insurance Expense: 1800.0
  • Property Net Operating Income: 24869.0
  • Annual Operating Expense: 14823.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2763.0
  • Tax Book Number: 144.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Sep 29, 2021
Sold by
Tong Phoung Huu and Nguyen Diep Truc
Bought by
Quinones Brenda and Quinones Herman
Seller's Agent
Jennifer Mirigliani
Romano Realty LLC
Buyer's Agent
Herman Quinones
HQ Property Services
List Price
$570,000
Sold Price
$550,000
Premium/Discount to List
-$20,000
-3.51%
Total Days on Market
7
Current Estimated Value
$649,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,865
Avg. Annual Appreciation
5.19%
Original Mortgage
$440,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 21, 2018
Closed on
Oct 2, 2018
Sold by
Lei Jin Yuan and Yu Qi Xia
Bought by
Tong Phuong Huu and Nguyen Diep Truc
Seller's Agent
Victoria Yang
Sweet Dream Homes Realty
Buyer's Agent
Christine Holwell
Romano Realty LLC
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.14%
Original Mortgage
$182,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2018
Sold by
Lei Jin Yuan and Yu Qi Xia
Bought by
Parkway Village Estates Homeowners Assoc

Purchase Details

Listed on
Jul 17, 2015
Closed on
Apr 26, 2016
Sold by
Byrns Nicole
Bought by
Lei Jin Yuan and Yu Qi Xia
Seller's Agent
Mike Datema
HomeSmart
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$224,900
Sold Price
$220,000
Premium/Discount to List
-$4,900
-2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.10%
Original Mortgage
$165,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2014
Sold by
Maraval Llc
Bought by
Byrns Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2014
Sold by
Diaz Cruz R
Bought by
Smith & Williams Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
4.2%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 27, 2012
Closed on
Jun 22, 2012
Sold by
Diaz Raquel
Bought by
Smith & Willians Llc
Seller's Agent
Bret Bowdish
Arizona Executives
Buyer's Agent
José Díaz
Planet Realty
List Price
$144,900
Sold Price
$139,900
Premium/Discount to List
-$5,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.79%
Original Mortgage
$94,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 27, 2012
Closed on
Jun 19, 2012
Sold by
Federal National Mortgage Association
Bought by
Diaz Raquel
Seller's Agent
Bret Bowdish
Arizona Executives
Buyer's Agent
José Díaz
Planet Realty
List Price
$144,900
Sold Price
$139,900
Premium/Discount to List
-$5,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2010
Sold by
Byrne Anya and Hogan Phillip
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bookspan Todd and Bookspan Tara
Bought by
Byrne Anya and Hogan Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2002
Sold by
Brown Kenneth D
Bought by
Bookspan Todd and Bookspan Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,900
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1996
Sold by
Evans Gary W and Evans Linda K
Bought by
Brown Kenneth D

Purchase Details

Closed on
Dec 15, 1994
Sold by
Dendekker Willie T and Dendekker Joseta
Bought by
Evans Gary W and Evans Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
9.29%
Mortgage Type
New Conventional

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
Quinones Brenda $550,000 Millennium Title Agency
Tong Phuong Huu $310,000 Millennium Title Agency Llc
Parkway Village Estates Homeowners Assoc -- None Available
Lei Jin Yuan $220,000 First American Title Ins Co
Byrns Nicole $184,000 First American Title
Smith & Williams Llc -- None Available
Smith & Willians Llc -- None Available
Diaz Raquel -- Servicelink
Federal National Mortgage Association $245,164 Stewart Title
Byrne Anya $295,000 Fidelity National Title
Bookspan Todd $215,000 Transnation Title Insurance
Brown Kenneth D $125,300 Chicago Title Insurance Co
Evans Gary W $120,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinones Brenda $525,000
Closed Quinones Brenda $440,000
Previous Owner Tong Phuong Huu $182,400
Previous Owner Lei Jin Yuan $165,000
Previous Owner Byrns Nicole $128,800
Previous Owner Maraval Llc $132,800
Previous Owner Diaz Raquel $94,000
Previous Owner Byrne Anya $236,000
Previous Owner Bookspan Todd $191,900
Previous Owner Evans Gary W $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $550,000 -3.5% $124 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $570,000 +83.9% $129 / Sq Ft
10/05/2018 10/05/18 Sold $310,000 -2.8% $70 / Sq Ft
09/03/2018 09/03/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $319,000 0.0% $72 / Sq Ft
08/04/2018 08/04/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $319,000 +45.0% $72 / Sq Ft
06/06/2016 06/06/16 Sold $220,000 -2.2% $50 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
07/17/2015 07/17/15 For Sale $224,900 +28.5% $51 / Sq Ft
02/25/2013 02/25/13 Sold $175,000 -9.1% $40 / Sq Ft
02/10/2013 02/10/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $192,500 +37.6% $43 / Sq Ft
06/20/2012 06/20/12 Sold $139,900 -3.5% $32 / Sq Ft
05/23/2012 05/23/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $144,900 -- $33 / 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 $2,987 $17,548 -- --
2024 $3,054 $16,713 -- --
2023 $3,054 $43,950 $8,790 $35,160
2022 $2,880 $31,720 $6,340 $25,380
2021 $2,915 $29,110 $5,820 $23,290
2020 $2,763 $25,170 $5,030 $20,140
2019 $2,644 $21,720 $4,340 $17,380
2018 $2,749 $20,030 $4,000 $16,030
2017 $2,659 $18,710 $3,740 $14,970
2016 $2,543 $16,480 $3,290 $13,190
2015 $2,372 $16,030 $3,200 $12,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6287687

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-052