$699,000
SOLD JUN 18, 2024

4434 N 53rd Ln Phoenix, AZ 85031

-- Bed
-- Bath
4,322 Sq Ft
8,407 Sq Ft Lot

Recently Sold

$162 Per Sq Ft

19 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Carpet

About This Home

As of June 2024

DO NOT DISTURB OCCUPANTS. 4 PLEX ** One - 3 bedroom 2 bathroom, Two - 2 bedrooms 2 bathroom, One 2 bedroom 1 bathroom. All units have garages. 3 newer A/C units and one not old. Roof is 3 years old. 3 units rented. More information to come. Property cash flows well. Agents see private remarks.

Last Agent to Sell the Property

Paul Schmidt

HomeSmart License #SA115860000

HomeSmart

Last Buyer's Agent

Mariela Elenes

EMG Real Estate License #SA691160000

EMG Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,860

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Carpet

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 144-44-048

Community Details

Overview

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

Building Details

  • Operating Expense $6,892
  • Gross Income $2
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,860

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
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Directions: 51st Ave South of Camelback. West to 53rd Lane. , Then south to the property on the right side of the road.
  • Road Surface Type: Asphalt
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: TBD
  • Additional Parcels: No
  • Parcel #: 144-44-048

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 1.5
  • Property Net Operating Income: 1.0
  • Annual Operating Expense: 6892.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 2860.0
  • Tax Book Number: 144.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Hernandez Cinthia K
Bought by
Maricopa Rents Llc
Total Days on Market
19
Current Estimated Value
$678,119

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jun 17, 2024
Sold by
Lametti Dustin and Peta Hinds
Bought by
Hernandez Cinthia Karely
Seller's Agent
Paul Schmidt
HomeSmart
Buyer's Agent
Mariela Elenes
EMG Real Estate
List Price
$699,000
Sold Price
$699,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.90%
Original Mortgage
$629,100
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2023
Sold by
Rodriguez Elga Iris
Bought by
Felix-Udero Nancy

Purchase Details

Listed on
Feb 25, 2018
Closed on
Apr 2, 2018
Sold by
Az Investment Properties Llc
Bought by
Parkway Village Estates Homeowners Assoc
Seller's Agent
Raymond Cutler
Good Oak Real Estate
Buyer's Agent
Raymond Cutler
Good Oak Real Estate
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%
Original Mortgage
$244,200
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 25, 2018
Closed on
Mar 14, 2018
Sold by
Az Investment Properties Llc
Bought by
Lametti Dustin and Lametti Peta Hinds
Seller's Agent
Raymond Cutler
Good Oak Real Estate
Buyer's Agent
Raymond Cutler
Good Oak Real Estate
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,200
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 2013
Sold by
Az Investment Properties Llc
Bought by
Wong Christopher Lu Wah and Wong Michelle Chew

Purchase Details

Closed on
Aug 4, 2012
Sold by
Wong Christopher Lup Wah and Wong Michelle Chew
Bought by
Az Investment Properties Llc

Purchase Details

Closed on
May 14, 2012
Sold by
Wasta Llc
Bought by
Wong Christopher Lup Wah and Wong Michelle Chew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,300
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2010
Sold by
Bankunited
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
$111,086
Interest Rate
5.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 28, 2009
Sold by
Medina Orencio
Bought by
Bankunited and Fdic

Purchase Details

Closed on
Mar 19, 2007
Sold by
Sanchez Huberto
Bought by
Medina Orencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
9.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2005
Sold by
Mclin Lee E A
Bought by
Sanchez Huberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2005
Sold by
Its A Good Choice Investments Llc
Bought by
Mclin Lee E A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Mclin Lee E A
Bought by
Its A Good Choice Investments Llc

Purchase Details

Closed on
Jan 30, 2003
Sold by
Kavak Fuat C and Kavak Canet
Bought by
Mclin Lee E A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,810
Interest Rate
5.78%
Mortgage Type
Stand Alone Second

Map

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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $699,000 Standard Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $285,000 Driggs Title Agency Inc
Quit Claim Deed -- Chicago Title Agency Inc
Warranty Deed -- None Available
Warranty Deed $179,000 Chicago Title Agency Inc
Cash Sale Deed $79,000 Lsi Title Agency
Trustee Deed $125,000 Great American Title
Warranty Deed $375,000 Security Title Agency Inc
Warranty Deed $317,500 Lawyers Title Ins
Quit Claim Deed -- Tsa Title Agency
Special Warranty Deed -- --
Warranty Deed $225,400 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $629,100 New Conventional
Previous Owner $385,000 New Conventional
Previous Owner $241,866 FHA
Previous Owner $244,200 FHA
Previous Owner $125,300 New Conventional
Previous Owner $111,086 Unknown
Previous Owner $337,500 New Conventional
Previous Owner $254,000 Purchase Money Mortgage
Previous Owner $218,000 Purchase Money Mortgage
Previous Owner $33,810 Stand Alone Second
Previous Owner $180,320 New Conventional
Closed $47,500 No Value Available
Closed $31,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $699,000 0.0% $162 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $699,000 +145.3% $162 / Sq Ft
04/23/2018 04/23/18 Sold $285,000 0.0% $66 / Sq Ft
03/24/2018 03/24/18 For Sale $285,000 0.0% $66 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/25/2018 02/25/18 Price Changed $285,000 +54.1% $66 / Sq Ft
02/25/2018 02/25/18 For Sale $185,000 -- $43 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,798 $16,436 -- --
2024 $2,860 $15,654 -- --
2023 $2,860 $41,380 $8,270 $33,110
2022 $2,697 $30,270 $6,050 $24,220
2021 $2,730 $27,530 $5,500 $22,030
2020 $2,587 $23,720 $4,740 $18,980
2019 $2,476 $20,620 $4,120 $16,500
2018 $2,575 $19,050 $3,810 $15,240
2017 $2,490 $17,680 $3,530 $14,150
2016 $2,382 $15,520 $3,100 $12,420
2015 $2,222 $15,120 $3,020 $12,100
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6696888

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-048