$285,000
SOLD APR 23, 2018

4434 N 53rd Ln Phoenix, AZ 85031

-- Bed
-- Bath
4,322 Sq Ft
1973 Built

Recently Sold

$66 Per Sq Ft

1 Day on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of June 2024

Wonderful investment opportunity! Fourplex consists of (1)3BR/2BA, (2)2BR/2BA, & (1)2BR/1BA. Brick fireplace, private backyard, covered porch & 2 car garage for Unit 1. Private backyard & 1 car garage for Unit 2. Ceramic tile flooring, ceiling fans & 1 car garage for Unit 3. Tile flooring, ceiling fans & 1 car garage for Unit 4.

Last Agent to Sell the Property

Raymond Cutler

Good Oak Real Estate License #SA660733000 Listed on: 02/25/2018

Good Oak Real Estate

Last Buyer's Agent

Raymond Cutler

Good Oak Real Estate License #SA660733000 Listed on: 02/25/2018

Good Oak Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,490

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • John F. Long Elementary And Middle School
  • Desert Sands Middle High School

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are 102X123
  • Parkway Village Subdivision

Building Details

  • Operating Expense $14,659
  • Gross Income $32,634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,490

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51ST AVE & INDIAN SCHOOL RD
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2017
  • Directions: Directions: N to Campbell Ave, W to 53rd Ln, S to property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 2664.0
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Drapes2: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: John F. Long
  • High School: Desert Sands Middle School
  • Middle Or Junior School: John F. Long

Lot Info

  • Lot Size: 102X123
  • Additional Parcels: No
  • Parcel #: 144-44-048

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32634.0
  • Insurance Expense: 1765.0
  • Maintenance Expense: 2400.0
  • Annual Operating Expense: 14659.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2490.0
  • 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
Current Estimated Value
$665,576

Purchase Details

Listed on
May 1, 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
-3.76%
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
12.08%
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
Source: Public Records

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 $244,200 FHA
Previous Owner $125,300 New Conventional
Previous Owner $337,500 New Conventional
Previous Owner $254,000 Purchase Money Mortgage
Previous Owner $218,000 Purchase Money Mortgage
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 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 $2,798 $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

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5728436

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-048