NOT LISTED FOR SALE

4431 N 53rd Ln Phoenix, AZ 85031

Estimated Value: $644,000 - $699,000

4 Beds
-- Bath
4,322 Sq Ft
$156/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $705,000 $163 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,960/month

38 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of October 2023

Great investment opportunity. All four units are currently tenant-occupied, providing immediate income to the prospective owner. This established rental history assures a stable and reliable cash flow. Three out of the four units have undergone renovations, while three out of the four AC units have been replaced. Additionally, the property features new landscaping, and recently replaced roof. Buyer to verify all facts and figures.

Last Listed By

Edgar Zakani

HomeSmart License #SA708341000 Listed on: 07/31/2023

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1973

Lot Details

  • 8,276

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Covered Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 144-44-058

Community Details

Overview

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

Building Details

  • Operating Expense $6,312
  • Gross Income $43,062
  • Net Operating Income $35,953

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,652

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: Fee Simple
  • Year Built: 1973
  • Tax Year: 2022
  • Directions: 51st Ave south of Camelback. West to 53rd lane, then south to property.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Paved
  • 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
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 144-44-058

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 43062.0
  • Property Net Operating Income: 35953.0
  • Annual Operating Expense: 6312.0

Tax Info

  • Tax Annual Amount: 2652.0
  • Tax Book Number: 144.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Oct 23, 2023
Sold by
Yahya Shara and Mcray Raymond
Bought by
Zhang Shao Ye
Seller's Agent
Edgar Zakani
HomeSmart
Buyer's Agent
Edgar Zakani
HomeSmart
List Price
$725,000
Sold Price
$705,000
Premium/Discount to List
-$20,000
-2.76%
Total Days on Market
38
Views
20
Current Estimated Value
$672,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,067
Avg. Annual Appreciation
-2.98%
Original Mortgage
$528,750
Outstanding Balance
$521,203
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$151,730

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 1, 2022
Sold by
Entrust Group Inc
Bought by
Yahya Shara and Mcray Raymond
Seller's Agent
Brett Tanner
Keller Williams Realty Phoenix
Buyer's Agent
Nicole Dufresne-Yidi
Barrett Real Estate
List Price
$595,000
Sold Price
$650,000
Premium/Discount to List
$55,000
9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$489,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2020
Sold by
The Entrust Group Inc
Bought by
The Entrust Group Inc and Fbo Phillip C Wager

Purchase Details

Closed on
Apr 3, 2018
Sold by
Wager Phillip Clark and Wager Nancy Caroline
Bought by
Parkway Village Estates Homeowners Assoc

Purchase Details

Closed on
Aug 28, 2014
Sold by
Pensco Trust Company
Bought by
The Entrust Group Inc and Nancy C Wager Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2011
Sold by
Tkmp Investments Llc
Bought by
Pensco Trust

Purchase Details

Closed on
Nov 10, 2010
Sold by
Wasta Llc
Bought by
Tkmp Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,040
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Wasta Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,040
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2010
Sold by
Ortega Martin
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 10, 2005
Sold by
Giles Sonda K
Bought by
Ortega Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,300
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2003
Sold by
Giles General George and Giles Sonda Kaye
Bought by
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
$158,400
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2000
Sold by
Harrelson F K Joe
Bought by
Giles General George and Giles Sonda Kaye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 1997
Sold by
Lien Wesley D and Lien Kathryn I
Bought by
Harrelson F K Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1994
Sold by
Stapleton Leslie G and Stapleton Nancy L
Bought by
Lien Wesley D and Lien Kathryn I

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
Zhang Shao Ye $705,000 Fidelity National Title Agency
Yahya Shara $650,000 Encore Title
The Entrust Group Inc -- None Available
Parkway Village Estates Homeowners Assoc -- None Available
The Entrust Group Inc $182,000 Pioneer Title Agency Inc
Pensco Trust $10,000 Fidelity Natl Title Ins Co
Tkmp Investments Llc $125,737 American Title Service Agenc
Wasta Llc $94,900 Lsi Title Agency
Deutsche Bank National Trust Company $317,714 None Available
Ortega Martin $319,000 Chicago Title Insurance Co
Giles Sonda K -- American Title Co
Giles General George $185,000 Security Title Agency
Harrelson F K Joe $128,000 Security Title
Lien Wesley D $90,000 First Service Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Shao Ye $528,750
Previous Owner Yahya Shara $489,000
Previous Owner The Entrust Group Inc $27,000
Previous Owner Tkmp Investments Llc $124,040
Previous Owner Ortega Martin $303,300
Previous Owner Giles Sonda K $158,400
Previous Owner Giles General George $148,000
Previous Owner Harrelson F K Joe $102,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $705,000 0.0% $163 / Sq Ft
10/20/2023 10/20/23 Price Changed $705,000 -2.8% $163 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/07/2023 09/07/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $725,000 0.0% $168 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $725,000 +11.5% $168 / Sq Ft
06/14/2022 06/14/22 Sold $650,000 +9.2% $150 / Sq Ft
06/08/2022 06/08/22 Price Changed $595,000 0.0% $138 / Sq Ft
06/04/2022 06/04/22 Price Changed $595,000 0.0% $138 / Sq Ft
05/27/2022 05/27/22 Price Changed $595,000 0.0% $138 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $595,000 -- $138 / 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 $2,752 $16,163 -- --
2024 $2,813 $15,393 -- --
2023 $2,813 $40,820 $8,160 $32,660
2022 $2,652 $30,000 $6,000 $24,000
2021 $2,685 $27,210 $5,440 $21,770
2020 $2,545 $23,410 $4,680 $18,730
2019 $2,435 $20,400 $4,080 $16,320
2018 $2,532 $18,850 $3,770 $15,080
2017 $2,449 $17,450 $3,490 $13,960
2016 $2,342 $15,310 $3,060 $12,250
2015 $2,185 $14,920 $2,980 $11,940
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Edgar Zakani

    HomeSmart

    (818) 747-4574

    3 Total Sales

    Edgar Zakani
    Section Image
  • John Oushana

    Seller Co-Listing Agent in 2023

    John Oushana

    HomeSmart

    (209) 968-9519

    159 Total Sales

    John Oushana
    Section Image
  • Brett Tanner

    Seller's Agent in 2022

    Brett Tanner

    Keller Williams Realty Phoenix

    (623) 688-1710

    642 Total Sales

    Brett Tanner
    Section Image
  • Kristie Harrington

    Seller Co-Listing Agent in 2022

    Kristie Harrington

    Real Broker

    (480) 922-9919

    122 Total Sales

    Kristie Harrington
    Section Image

  • N

    Buyer's Agent in 2022

    Nicole Dufresne-Yidi

    Barrett Real Estate

    (602) 348-8534

    2 Total Sales

    Nicole Dufresne-Yidi
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6585066

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-058

Arizona Maricopa County Phoenix 85031

4431 N 53rd Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 4431 N 53rd Ln, Phoenix, AZ 85031 since 31 July 2023 and is currently estimated at $672,933, approximately $155 per square foot. This property was built in 1973. 4431 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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