NOT LISTED FOR SALE

Estimated Value: $542,000 - $609,000

4 Beds
3 Baths
1,065 Sq Ft
$549/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $525,000 $493 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,271/month

3 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of November 2021

Sun. Open house cancelled for 11/7 -An amazing value add: 3 houses-1 lot AND fronts on 2 streets. Great rental or family compound or Unique Air B&B! House 1 is almost rent ready-needs kit finished (countertops installed-on site) and refresh the bath. House 2 and 3 (all electric) on mos to mos. leases. Hse 2 uses the big shed. Each has their own driveway and laundry hkups. 2 sheds. Large flood irrigated lot – a sliver of paradise in central Phoenix. Zoned R-3. Add a unit- lot split house 1 ... lots of potential. Most of the major expenses have been completed. SEE SPDs. Newer roofs (1&2) Newer ductwork, hvac's and h20s. Madison park on 14th St. has pool, ramada, playgrnd & lit baseball, basketball, tennis & volleyball courts. -Owner/agent

Last Agent to Sell the Property

jeanne davidson

HomeSmart License #BR631128000 Listed on: 11/03/2021

HomeSmart

Last Buyer's Agent

Cheryl Malcolm

RETSY License #BR646452000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,023

Year Built

  • Built in 1924

Lot Details

  • 0.32

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Madison Elementary School
  • Central High Middle School

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 155-08-056

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 60x229

Building Details

  • Operating Expense $4,623
  • Gross Income $45,396
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,023

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Cross Street: 12th or 16th st and Campbell
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1924
  • Tax Year: 2021
  • Directions: from Campbell (between 12th and 16th) south on 13th Place.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Other, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition, Rolled/Hot Mop

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Madison Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Central High School

Lot Info

  • Lot Size: 60x229
  • Additional Parcels: No
  • Parcel #: 155-08-056

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 45396.0
  • Insurance Expense: 2000.0
  • Property Net Operating Income: 40000.0
  • Annual Operating Expense: 4622.82
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2022.82
  • Tax Book Number: 155.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Nov 16, 2021
Sold by
Permatasari Cindy and Cao Jason
Bought by
Cao Jason
Seller's Agent
jeanne davidson
HomeSmart
Buyer's Agent
Cheryl Malcolm
RETSY
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$583,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,110
Avg. Annual Appreciation
2.89%
Original Mortgage
$393,750
Outstanding Balance
$364,840
Interest Rate
3.05%
Estimated Equity
$218,728

Purchase Details

Closed on
Mar 6, 2017
Sold by
Murray Olga
Bought by
Davidson Jeanne

Purchase Details

Closed on
Sep 17, 1998
Sold by
Perea John D
Bought by
Murray Olga
Source: Public Records

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
Cao Jason -- Premier Title Agency
Cao Jason $525,000 Premier Title Agency
Davidson Jeanne $65,500 American Title Svc Agency
Murray Olga -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Jason $393,750
Closed Cao Jason $393,750
Previous Owner Davidson Jeanne $25,000
Previous Owner Davidson Jeanne C $70,000
Previous Owner Murray Olga $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $525,000 0.0% $493 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $525,000 -- $493 / 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 $2,124 $17,101 -- --
2024 $2,067 $16,287 -- --
2023 $2,067 $42,180 $8,430 $33,750
2022 $2,006 $33,580 $6,710 $26,870
2021 $2,023 $25,050 $5,010 $20,040
2020 $1,991 $23,310 $4,660 $18,650
2019 $1,947 $19,480 $3,890 $15,590
2018 $1,900 $17,260 $3,450 $13,810
2017 $1,810 $15,230 $3,040 $12,190
2016 $991 $10,510 $2,100 $8,410
2015 $922 $9,460 $1,890 $7,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6316237

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-08-056