NOT LISTED FOR SALE

Estimated Value: $441,000 - $509,000

Studio
-- Bath
2,184 Sq Ft
$219/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $215,000 $98 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,557/month

39 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Concrete Flooring
  • 5-minute walk to Kid Street Park

About This Home

As of November 2018

This opportunity won't last!!! Newer roofs, HVAC's, modern plumbing and wiring **Covered Parking** **Washer/Dryer Hook-ups** Private Patios/Yards for each unit!! Owner has instituted water sub-metering to monitor usage or (RUBS) **All spacious 2/1's, always 100% rented** **Near schools, employment, entertainment centers for long term tenants!** Inspections after accepted contract/escrow. No''showing time'' requests. Please do not walk or talk to tenants as they are unaware of the sale.This offering Also includes parcel 154-16-004B (4423 N 23rd Ave). Must purchase BOTH parcels together to make this deal go!

ALL STATEMENTS BELIEVED TO BE ACCURATE. BUYER TO VERIFY ALL ITEMS/CONCERNS PRIOR TO EXPIRATION OF THE INSPECTION/DUE DILIGENCE PERIOD.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 08/23/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 08/23/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $994

Year Built

  • Built in 1961

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 154-16-004-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are irreg
  • Tierra Frutal Subdivision

Building Details

  • Operating Expense $8,187
  • Gross Income $22,743
  • Net Operating Income $14,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$994

Year Built

Built in 1961

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Cross Street: 23rd Ave & Indian Schl Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1650.0
  • Subdivision Name: TIERRA FRUTAL
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, SRP
  • Cooling: Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2289.5

Lot Info

  • Lot Size: irreg
  • Additional Parcels: Yes
  • Parcel #: 154-16-004-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 22743.0
  • Insurance Expense: 1172.0
  • Maintenance Expense: 2081.5
  • Property Net Operating Income: 14556.45
  • Annual Operating Expense: 8187.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 994.0
  • Tax Book Number: 154.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2025
Sold by
James And Dona Walker Family Trust and Walker James Jeffrey
Bought by
Smushkovich Eli and Lalezarzadeh Sheyda
Current Estimated Value
$477,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Outstanding Balance
$350,703
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$126,811

Purchase Details

Closed on
Oct 1, 2024
Sold by
Walker James and Walker Dona Beth
Bought by
James And Dona Walker Family Trust and Walker

Purchase Details

Listed on
Aug 23, 2018
Closed on
Nov 12, 2018
Sold by
Campbell Properties 1 Llc
Bought by
Walker James and Walker Dona Beth
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$244,000
Sold Price
$215,000
Premium/Discount to List
-$29,000
-11.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%
Original Mortgage
$129,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2014
Sold by
Mcarthur Ross A
Bought by
Richards Derek J and Richards Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Bright Kristine
Bought by
Mcarthur Ross

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2013
Sold by
Celo Llc
Bought by
Mcarthur Ross A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2011
Sold by
4423 N 23Rd Ave Llc
Bought by
Celo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 17, 2008
Sold by
Flores Jeffrey R
Bought by
Vatistas John

Purchase Details

Closed on
Jan 1, 2008
Sold by
Vatistas John
Bought by
4423 N 23Rd Ave Llc

Purchase Details

Closed on
Nov 7, 2007
Sold by
U S Bank Na
Bought by
Flores Jeffrey R

Purchase Details

Closed on
Oct 31, 2007
Sold by
Flores Kathleen
Bought by
Flores Jeffrey

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W and Fletcher Jane Ellen W
Bought by
U S Bank Na and Credit Suisse First Boston Csfb Armt 200

Purchase Details

Closed on
Oct 19, 2005
Sold by
Archer Mark
Bought by
Fletcher Richard and Fletcher Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,425
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2005
Sold by
Peterson Jerry W and Peterson Ila R
Bought by
Archer Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,930
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2005
Sold by
Gonzalez Ramiro S and Gonzalez Lucina M
Bought by
Peterson Jerry W and Peterson Ila R

Purchase Details

Closed on
Jan 28, 1997
Sold by
Forsman Gilbert W and Forsman Myra L
Bought by
Gonzalez Ramiro S and Gonzalez Lucina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.86%
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
Smushkovich Eli $470,000 Pioneer Title Agency
James And Dona Walker Family Trust -- None Listed On Document
Walker James $215,000 Chicago Title Agency Inc
Richards Derek J $117,000 Driggs Title Agency Inc
Mcarthur Ross -- Driggs Title Agency Inc
Mcarthur Ross A -- Driggs Title Agency Inc
Celo Llc $82,500 Greystone Title Agency
Vatistas John $185,000 Camelback Title Agency Llc
4423 N 23Rd Ave Llc -- None Available
Flores Jeffrey R $165,000 Capital Title Agency Inc
Flores Jeffrey $165,000 Capital Title Agency Inc
U S Bank Na $233,799 None Available
U S Bank Na $255,000 None Available
Fletcher Richard $289,900 --
Archer Mark $239,900 --
Peterson Jerry W $175,000 Security Title Agency Inc
Gonzalez Ramiro S $130,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smushkovich Eli $352,500
Previous Owner Walker James $129,000
Previous Owner Richards Derek J $87,750
Previous Owner Mcarthur Ross A $300,000
Previous Owner Celo Llc $57,750
Previous Owner Fletcher Richard $217,425
Previous Owner Archer Mark $167,930
Previous Owner Gonzalez Ramiro S $95,000
Closed Archer Mark $59,970
Closed Fletcher Richard $57,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2018 11/15/18 Sold $215,000 -6.1% $98 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
09/17/2018 09/17/18 Price Changed $229,000 -4.6% $105 / Sq Ft
08/23/2018 08/23/18 Price Changed $240,000 -1.6% $110 / Sq Ft
08/19/2018 08/19/18 For Sale $244,000 -- $112 / 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 $1,265 $8,000 -- --
2024 $1,155 $7,619 -- --
2023 $1,155 $30,710 $6,140 $24,570
2022 $1,137 $23,200 $4,640 $18,560
2021 $1,148 $20,120 $4,020 $16,100
2020 $1,103 $17,370 $3,470 $13,900
2019 $1,090 $14,580 $2,910 $11,670
2018 $1,006 $12,500 $2,500 $10,000
2017 $993 $11,220 $2,240 $8,980
2016 $951 $9,520 $1,900 $7,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5810315

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-16-004B

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