NOT LISTED FOR SALE

4417 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $557,961 - $665,000

-- Bed
-- Bath
4,426 Sq Ft
$139/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $335,000 $76 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,510/month

40 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of December 2019

Great value add, fourplex investment opportunity in Parkway Village near Grand Canyon University.
Located in a complex of 20 similar buildings, the fourplex features a diverse unit mix comprised of one 3 bed/2 bath unit with fireplace, two 2 bed/2 bath units, and one 2 bed/1 bath unit, all with private garage. Washer/dryer hookups. The three downstairs units have access to small, private yards, and one unit has it's own upper level deck.
Opportunity for value add. Located in a strong rental demand area, across the street from the
Maryvale Hospital and the Cartwright School District and near Grand Canyon University.

Last Agent to Sell the Property

Deanne Miachika

REI Marketing License #SA686732000 Listed on: 10/14/2019

Co-Listed By

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000

Last Buyer's Agent

Michael Buttery

Wise Choice Properties License #BR628548000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,523

Year Built

  • Built in 1973

Lot Details

  • 9,845

Home Design

  • Wood Frame Construction
  • Tile Roof

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 17
  • Assessor Parcel Number 144-44-063

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.23
  • Parkway Village Subdivision

Building Details

  • Operating Expense $2,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,523

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51st Ave. and Indian School Rd.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2019
  • Directions: From 51st Ave. and Indian School Rd. go west to Maryvale Pkwy North to Turney West to 53rd Lane north to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reim001
  • Co List Office Phone: 602-715-0232
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 0.23
  • Additional Parcels: No
  • Parcel #: 144-44-063

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 2523.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 2523.0
  • Tax Book Number: 144.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Dec 1, 2019
Sold by
Bestquest Investments Llc
Bought by
Natri 5 Llc
Seller's Agent
Deanne Miachika
REI Marketing
Buyer's Agent
Michael Buttery
Wise Choice Properties
List Price
$369,000
Sold Price
$335,000
Premium/Discount to List
-$34,000
-9.21%
Current Estimated Value
$617,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,240
Avg. Annual Appreciation
11.09%

Purchase Details

Closed on
Apr 8, 2018
Sold by
Basques Jane S
Bought by
Parkway Village Estates Homeowners Assn

Purchase Details

Closed on
Feb 14, 2011
Sold by
Slemmer Clyde Lynn and Slemmer Orrene Kay
Bought by
Bestquest Investments Llc

Purchase Details

Closed on
Aug 11, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Slemmer Clyde Lynn and Slemmer Orrene Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2009
Sold by
Ramey William O
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 19, 2006
Sold by
Ramey Amber
Bought by
Ramey Willim O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2006
Sold by
Negrete Jose and Negrete Jeanne Ellen
Bought by
Ramey William O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2004
Sold by
Kavak Fuat and Kavak Canet
Bought by
Negrete Jose and Negrete Jeanne Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
8.15%
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 Buyer Sale Price Title Company
Natri 5 Llc $335,000 Equity Title Agency Inc
Parkway Village Estates Homeowners Assn -- None Available
Bestquest Investments Llc $127,500 First American Title Ins Co
Slemmer Clyde Lynn $117,500 First American Title Ins Co
Hsbc Bank Usa National Association $348,765 Accommodation
Ramey Willim O -- Grand Canyon Title Agency In
Ramey William O $410,000 Grand Canyon Title Agency In
Negrete Jose $305,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Slemmer Clyde Lynn $110,000
Previous Owner Ramey William O $328,000
Previous Owner Negrete Jose $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2019 12/10/19 Sold $335,000 -9.2% $76 / Sq Ft
12/09/2019 12/09/19 Price Changed $369,000 0.0% $83 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $369,000 0.0% $83 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $369,000 0.0% $83 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
10/11/2019 10/11/19 For Sale $369,000 -- $83 / 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 $2,851 $16,748 -- --
2024 $2,915 $15,951 -- --
2023 $2,915 $42,280 $8,450 $33,830
2022 $2,748 $31,050 $6,210 $24,840
2021 $2,782 $28,300 $5,660 $22,640
2020 $2,637 $24,350 $4,870 $19,480
2019 $2,523 $21,070 $4,210 $16,860
2018 $2,624 $19,430 $3,880 $15,550
2017 $2,538 $17,960 $3,590 $14,370
2016 $2,427 $15,860 $3,170 $12,690
2015 $2,264 $15,400 $3,080 $12,320
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Deanne Miachika

    REI Marketing

    (602) 715-0232

    12 Total Sales

    Deanne Miachika
    Section Image
  • Terry Kass

    Seller Co-Listing Agent in 2019

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image

  • M

    Buyer's Agent in 2019

    Michael Buttery

    Wise Choice Properties

    (602) 692-7861

    139 Total Sales

    Michael Buttery
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5991622

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-063

Arizona Maricopa County Phoenix 85031

4417 N 53rd Ln, Phoenix, AZ

This home is located at 4417 N 53rd Ln, Phoenix, AZ 85031 since 14 October 2019 and is currently estimated at $617,240, approximately $139 per square foot. This property was built in 1973. 4417 N 53rd Ln 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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