NOT LISTED FOR SALE

4425 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $664,000 - $695,000

-- Bed
-- Bath
4,322 Sq Ft
$158/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $450,000 $104 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,862/month

7 Days on Market

Highlights

  • 6 Car Attached Garage
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of December 2020

Multifamily fully rented fourplex consist on one 3bed /2bath, two 2beds / baths and one 2bed /1bath units. Tile flooring throughout all the units. Units downstairs have fenced patios and unit has its own individual garage.

Last Agent to Sell the Property

Alan Arana Galindo

HomeSmart License #SA688149000 Listed on: 11/02/2020

HomeSmart

Co-Listed By

Martha Navarro

HomeSmart License #BR523587000

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,658

Year Built

  • Built in 1973

Lot Details

  • 0.28

Parking

  • 6 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 144-44-061

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,158
  • Parkway Village Subdivision

Building Details

  • Operating Expense $8,922
  • Gross Income $43,800
  • Net Operating Income $37,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,658

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51ST AVE/CAMPBELL
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril15
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1644.0

Lot Info

  • Lot Size: 12,158
  • Additional Parcels: No
  • Parcel #: 144-44-061

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 43800.0
  • Insurance Expense: 960.0
  • Property Net Operating Income: 37536.0
  • Annual Operating Expense: 8922.0

Tax Info

  • Tax Annual Amount: 2658.0
  • Tax Book Number: 144.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 7, 2020
Sold by
Galindo Diana Alejandra Arana
Bought by
Louie Michael Ken and Louie Jennifer Carl
Seller's Agent
Alan Arana Galindo
HomeSmart
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Current Estimated Value
$683,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,118
Avg. Annual Appreciation
9.11%
Original Mortgage
$281,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2018
Closed on
Apr 2, 2019
Sold by
Gha Assets Llc
Bought by
Galindo Diana Alejandra Arana
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Gibram Napoles
Realty ONE Group
List Price
$319,000
Sold Price
$315,000
Premium/Discount to List
-$4,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.19%
Original Mortgage
$236,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2019
Sold by
Brouse Oliver
Bought by
Gha Assets Llc

Purchase Details

Closed on
Oct 13, 2018
Sold by
Brouse Oliver
Bought by
Parkway Village Estates Homeowners Assn

Purchase Details

Closed on
Mar 7, 2013
Sold by
Brouse Victoria
Bought by
Brouse Oliver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2010
Sold by
Pineda Janeth and Orellana Elias R
Bought by
Moyer James and Moyer Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2006
Sold by
Cook David W and Cook Sheila
Bought by
Orellana Elias R and Pineda Janeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 4, 2005
Sold by
Lokare Sanjay and Lokare Carol
Bought by
Cook David W and Cook Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
Giles General G and Giles Sonda K
Bought by
Lokare Sanjay and Lokare Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1999
Sold by
Kavak Fuat Can
Bought by
Giles General G and Giles Sonda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.01%
Mortgage Type
New Conventional
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
Louie Michael Ken $490,000 Wfg National Title Ins Co
Galindo Diana Alejandra Arana $315,000 Great American Title Agency
Gha Assets Llc -- None Available
Parkway Village Estates Homeowners Assn -- None Available
Brouse Oliver -- Lawyers Title Of Arizona Inc
Brouse Oliver $165,000 Lawyers Title Of Arizona Inc
Moyer James $123,000 The Talon Group Home Office
Orellana Elias R $395,000 Fidelity National Title
Cook David W $325,000 Fidelity National Title
Lokare Sanjay $234,000 First American Title Ins Co
Giles General G $170,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Louie Michael Ken $281,250
Previous Owner Galindo Diana Alejandra Arana $236,250
Previous Owner Brouse Oliver $115,500
Previous Owner Moyer James $92,250
Previous Owner Orellana Elias R $355,500
Previous Owner Cook David W $243,750
Previous Owner Lokare Sanjay $183,200
Previous Owner Giles General G $136,000
Closed Giles General G $17,000
Closed Cook David W $16,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $450,000 -14.3% $104 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $525,000 +66.7% $121 / Sq Ft
04/04/2019 04/04/19 Sold $315,000 +0.3% $73 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
01/31/2019 01/31/19 Pending -- -- --
01/28/2019 01/28/19 Price Changed $314,000 -1.6% $73 / Sq Ft
12/21/2018 12/21/18 For Sale $319,000 -- $74 / 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 $2,874 $16,881 -- --
2024 $2,938 $16,077 -- --
2023 $2,938 $42,610 $8,520 $34,090
2022 $2,770 $31,250 $6,250 $25,000
2021 $2,804 $28,710 $5,740 $22,970
2020 $2,658 $24,680 $4,930 $19,750
2019 $2,543 $21,160 $4,230 $16,930
2018 $2,645 $19,450 $3,890 $15,560
2017 $2,558 $17,950 $3,590 $14,360
2016 $2,446 $15,970 $3,190 $12,780
2015 $2,282 $15,410 $3,080 $12,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6155176

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-061