NOT LISTED FOR SALE

4429 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $535,839 - $673,000

-- Bed
-- Bath
4,322 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 02, 2020

Last sale price $350,000 $81 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,442/month

7 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2020

An awesome opportunity to invest in a 4-plex in Phoenix, with an outstanding occupancy and rental history. 4 units, 5 car garage, 2 extra parking spots, tile roof. One unit is 3bed/2bath approx. 1600 sq. ft. 3 of the units are 2bed/1.5bath approx. 900 sq. ft. The 3 bedroom unit has a fireplace. 100% occupancy, and awesome financial records and history available dating back to 2011. Owner pays water/ sewer bill. Tenants pay electricity. Newer AC unit 1. Tenants have been there years, and we can provide financial records to serious inquiries. Please respect and do not disturb the occupants/ tenants. Buyer to verify all facts and figures.

Last Agent to Sell the Property

John Decker

Realty ONE Group License #SA660522000 Listed on: 04/17/2020

Last Buyer's Agent

Kristen Ongstad

HomeSmart License #SA672651000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,419

Year Built

  • Built in 1973

Lot Details

  • 7,754

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 7 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

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 144-44-059

Community Details

Overview

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

Building Details

  • Operating Expense $6,079
  • Gross Income $36,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,419

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51ST Ave & Camelback
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Leasehold
  • Year Built: 1973
  • Tax Year: 2019
  • Directions: 51st Ave South of Camelback Rd. West to 53rd Ln then South to Property.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Garage Details: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

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 #: 144-44-059

Multi Family

  • Owner Pays: Other, See Remarks, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 36900.0
  • Annual Operating Expense: 6079.0

Tax Info

  • Tax Annual Amount: 2419.0
  • Tax Book Number: 144.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
May 20, 2020
Sold by
Ahlstrom Shad M and Ahlstrom Kristin
Bought by
Ahlstrom Kristiin
Seller's Agent
John Decker
Realty ONE Group
Buyer's Agent
Kristen Ongstad
HomeSmart
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Current Estimated Value
$606,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,210
Avg. Annual Appreciation
12.00%
Original Mortgage
$262,500
Outstanding Balance
$235,642
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$404,590

Purchase Details

Listed on
Apr 17, 2020
Closed on
May 5, 2020
Sold by
Vanvorce Lynn
Bought by
Ahlstrom Kristin
Seller's Agent
John Decker
Realty ONE Group
Buyer's Agent
Kristen Ongstad
HomeSmart
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$235,642
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$404,590

Purchase Details

Closed on
Jun 8, 2018
Sold by
Vanvanvorce Lynn Van
Bought by
Parkway Village Estates Homeowners Assoc

Purchase Details

Closed on
Dec 26, 2004
Sold by
Bookspan Neal
Bought by
Vanvorce Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,700
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2002
Sold by
Regan George F and Regan Laurel A
Bought by
Bookspan Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 1999
Sold by
Hunt Opal F
Bought by
Regan George F and Regan Laurel A

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
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 1998
Sold by
Hunt Randy Odes
Bought by
Hunt Opal F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
6.88%

Purchase Details

Closed on
Jun 3, 1997
Sold by
Hunt Virgil Dale
Bought by
Hunt Ople F and Hunt Randy Odes

Purchase Details

Closed on
Apr 22, 1997
Sold by
Hunt Opal F and Hunt Virgil Dale
Bought by
Bundy Elizbeth

Purchase Details

Closed on
Oct 23, 1996
Sold by
Bundy Elizabeth
Bought by
Hunt Opal F and Hunt Virgil Dale

Purchase Details

Closed on
Feb 2, 1996
Sold by
Klim Theresa E
Bought by
Hunt Opal F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
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
Ahlstrom Kristiin -- Lawyers Title Of Arizona Inc
Ahlstrom Kristin $350,000 Lawyers Title Of Arizona Inc
Parkway Village Estates Homeowners Assoc -- None Available
Vanvorce Lynn $298,000 Fidelity National Title
Bookspan Neal $210,000 Transnation Title Insurance
Regan George F $165,000 Arizona Title Agency Inc
Hunt Opal F -- First American Title
Hunt Ople F -- --
Bundy Elizbeth -- --
Hunt Opal F -- --
Bundy Elizabeth -- --
Hunt Opal F $124,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahlstrom Kristiin $262,500
Previous Owner Vanvorce Lynn $193,700
Previous Owner Bookspan Neal $189,000
Previous Owner Regan George F $115,500
Previous Owner Hunt Opal F $88,500
Previous Owner Hunt Opal F $74,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2020 06/02/20 Sold $350,000 +0.3% $81 / Sq Ft
05/27/2020 05/27/20 For Sale $349,000 0.0% $81 / Sq Ft
05/27/2020 05/27/20 Price Changed $349,000 0.0% $81 / Sq Ft
04/17/2020 04/17/20 For Sale $349,000 -- $81 / 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 $2,734 $16,060 -- --
2024 $2,795 $15,295 -- --
2023 $2,795 $40,520 $8,100 $32,420
2022 $2,635 $29,800 $5,960 $23,840
2021 $2,668 $26,960 $5,390 $21,570
2020 $2,528 $23,200 $4,640 $18,560
2019 $2,419 $20,270 $4,050 $16,220
2018 $2,516 $18,750 $3,750 $15,000
2017 $2,433 $17,370 $3,470 $13,900
2016 $2,328 $15,200 $3,040 $12,160
2015 $2,171 $14,850 $2,970 $11,880
Source: Public Records

Agents Affiliated with this Home

  • John Decker

    Seller's Agent in 2020

    John Decker

    Realty One Group

    (928) 899-5715

    59 Total Sales

    John Decker
    Section Image
  • Kristen Ongstad

    Buyer's Agent in 2020

    Kristen Ongstad

    HomeSmart

    (602) 689-0480

    17 Total Sales

    Kristen Ongstad
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6067636

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-059

Arizona Maricopa County Phoenix 85031

4429 N 53rd Ln, Phoenix, AZ

This home is located at 4429 N 53rd Ln, Phoenix, AZ 85031 since 17 April 2020 and is currently estimated at $606,210, approximately $140 per square foot. This property was built in 1973. 4429 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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