NOT LISTED FOR SALE

4424 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $612,551 - $689,000

-- Bed
-- Bath
4,224 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $576,000 $136 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,551/month

30 Days on Market

Highlights

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

About This Home

As of September 2022

Terrific income generating 4 plex with a great mix of units. Building features one 3-bedroom unit with fireplace, and three 2-bedroom units, each with a garage and laundry. (The 3-bedroom unit comes with a 2 car garage). Ground floor units have private rear patio/yard, upstairs units have balconies. Drive by only, please do not disturb tenants

Last Agent to Sell the Property

Rob Miele

HomeSmart License #SA536150000 Listed on: 07/19/2022

HomeSmart

Last Buyer's Agent

Alejandra Mena

HomeSmart License #BR526318000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,997

Year Built

  • Built in 1973

Lot Details

  • 7,841

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 144-44-050

Community Details

Overview

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

Building Details

  • Operating Expense $15,753
  • Gross Income $42,180
  • Net Operating Income $26,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,997

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51st Ave and Camelback
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4 Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2021
  • Directions: S on 51st Ave, W on Campbell, S on 53rd Ln to property on the right
  • Road Surface Type: Asphalt
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail
  • 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
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • 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

Fee Information

  • Annual Water Sewer Expense: 5790.0

Schools

  • Elementary School: John F. Long
  • High School: Maryvale High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Desert Sands Middle School

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 144-44-050

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 42180.0
  • Insurance Expense: 2106.0
  • Maintenance Expense: 2200.0
  • Property Net Operating Income: 26427.0
  • Annual Operating Expense: 15753.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1997.0
  • Tax Book Number: 144.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 2, 2022
Sold by
Nosaka Brian K and Yan Irene
Bought by
Abarca Itzel Mota
Seller's Agent
Rob Miele
HomeSmart
Buyer's Agent
Alejandra Mena
HomeSmart
List Price
$592,888
Sold Price
$576,000
Premium/Discount to List
-$16,888
-2.85%
Views
4
Current Estimated Value
$637,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,638
Avg. Annual Appreciation
3.20%

Purchase Details

Closed on
Dec 18, 2019
Sold by
Wu Gen Xuann and Xie Yan Li
Bought by
Nosaka Brian K and Nosaka Irene Man Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2018
Sold by
Xie Yan Li and Wu Gen Zuan
Bought by
Parkway Village Estates Homeowners Assn

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jun 5, 2015
Sold by
Canary Bonni
Bought by
Wu Gen Xuan and Xie Yan Li
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$209,000
Sold Price
$197,000
Premium/Discount to List
-$12,000
-5.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.03%
Original Mortgage
$118,200
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 27, 2012
Closed on
Oct 19, 2012
Sold by
Rosaly John and Rosaly Vilma J
Bought by
Canary Bonni
Seller's Agent
Tamilyn Simard
Tamilyn M Simard
Buyer's Agent
Jeffery Hanrath
Valley Income Properties, Inc.
List Price
$139,900
Sold Price
$139,150
Premium/Discount to List
-$750
-0.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%

Purchase Details

Closed on
Aug 4, 2004
Sold by
Kavak Fuat C and Kavak Canet
Bought by
Rosaly John and Rosaly Vilma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Abarca Itzel Mota $576,000 Driggs Title Agency
Nosaka Brian K $300,000 Driggs Title Agency Inc
Parkway Village Estates Homeowners Assn -- None Available
Wu Gen Xuan $197,000 Chicago Title Agency Inc
Canary Bonni $139,150 Stewart Title & Trust Of Pho
Rosaly John $280,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nosaka Brian K $225,000
Previous Owner Wu Gen Xuan $118,200
Previous Owner Rosaly John $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $576,000 -2.8% $136 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $592,888 0.0% $140 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $592,888 +201.0% $140 / Sq Ft
06/17/2015 06/17/15 Sold $197,000 -5.7% $47 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $209,000 +50.2% $49 / Sq Ft
10/25/2012 10/25/12 Sold $139,150 -0.5% $29 / Sq Ft
05/18/2012 05/18/12 Pending -- -- --
04/27/2012 04/27/12 For Sale $139,900 -- $29 / 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 $2,047 $12,024 -- --
2024 $2,092 $11,451 -- --
2023 $2,092 $42,160 $8,430 $33,730
2022 $1,973 $30,360 $6,070 $24,290
2021 $1,997 $27,800 $5,560 $22,240
2020 $1,893 $24,060 $4,810 $19,250
2019 $1,811 $20,730 $4,140 $16,590
2018 $1,884 $19,320 $3,860 $15,460
2017 $1,822 $18,120 $3,620 $14,500
2016 $1,743 $15,910 $3,180 $12,730
2015 $1,626 $14,820 $2,960 $11,860
Source: Public Records

Agents Affiliated with this Home

  • Rob Miele

    Seller's Agent in 2022

    Rob Miele

    HomeSmart

    (602) 790-7070

    95 Total Sales

    Rob Miele
    Section Image
  • Alejandra Mena

    Buyer's Agent in 2022

    Alejandra Mena

    HomeSmart

    (602) 242-8888

    60 Total Sales

    Alejandra Mena
    Section Image

  • L

    Seller's Agent in 2015

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lois Kaipainen

    Income Property Shop

    Section Image

  • V

    Buyer's Agent in 2015

    Victoria Yang

    Sweet Dream Homes Realty

    (480) 335-8298

    8 Total Sales

    Victoria Yang
    Section Image

  • T

    Seller's Agent in 2012

    Tamilyn Simard

    Tamilyn M Simard

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6436733

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-050

Arizona Maricopa County Phoenix 85031

4424 N 53rd Ln, Phoenix, AZ

This home is located at 4424 N 53rd Ln, Phoenix, AZ 85031 since 19 July 2022 and is currently estimated at $637,638, approximately $150 per square foot. This property was built in 1973. 4424 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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