NOT LISTED FOR SALE

Estimated Value: $508,000 - $617,000

8 Beds
-- Bath
1,530 Sq Ft
$365/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $495,000 $324 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,005/month

22 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of December 2021

Check out this cash flowing four-plex! Are you looking for an investment property? You could live in one unit and rent the others or rent them all out. A great find of four 2-bedroom units in two separate buildings with more than adequate parking. One unit is month to month with a long term tenant and the other three units are leased until June 2022. New HVAC units, new electrical panels and a French drain have all been installed. Average rent in this complex could be raised to generate additional income. This is a great opportunity to get in to the rental market.

Last Agent to Sell the Property

Heather Quezada

HUNT Real Estate ERA License #SA658415000 Listed on: 09/30/2021

Last Buyer's Agent

Brian Anderson

West USA Realty License #SA638161000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,242

Year Built

  • Built in 2004

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 113-37-023-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 0.262 acres / 11,434 sqft
  • Bailie Sub Subdivision

Building Details

  • Operating Expense $1,242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,242

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: 7th St & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: BAILIE SUB
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.262 acres / 11,434 sqft
  • Additional Parcels: No
  • Parcel #: 113-37-023-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1242.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1242.0
  • Tax Book Number: 113.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2023
Sold by
Masterson Rebecca and Masterson Barry
Bought by
Masterson Holdings Llc
Current Estimated Value
$557,743

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 16, 2021
Sold by
Sargent David and Holmberg Matthew
Bought by
Masterson Rebecca and Masterson Barry
Seller's Agent
Heather Quezada
HUNT Real Estate ERA
Buyer's Agent
Brian Anderson
West USA Realty
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%
Original Mortgage
$300,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2020
Closed on
Aug 14, 2020
Sold by
Sommers Drew G
Bought by
Sargent David and Holmberg Matthew
Seller's Agent
Mark Messner
Superlative Realty
Buyer's Agent
Heather Bennett
Revinre
List Price
$340,000
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.41%
Original Mortgage
$255,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2015
Sold by
Cardenas Jaime and Cardenas Dena
Bought by
Sommers Drew G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 18, 2012
Closed on
Jan 9, 2013
Sold by
Hsbc Bank Usa National Association
Bought by
Cardenas Jaime
Seller's Agent
Shen-Yi Chang
DA FA Realty & Investments
Buyer's Agent
German Pardo
Better Homes & Gardens Real Estate SJ Fowler
List Price
$45,000
Sold Price
$55,000
Premium/Discount to List
$10,000
22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.49%

Purchase Details

Closed on
Jul 6, 2012
Sold by
Salomon Cesar Ruben
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Apr 20, 2006
Sold by
Contreras Ana Luisa Gonzalez and Arreguin Alfonso
Bought by
Salomon Cesar Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2006
Sold by
Arreguin Alfonso and Contreras Ana Luisa Gonzalez
Bought by
Odegaard Douglas and Odegaard Shirley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2004
Sold by
Odegaard Douglas and Odegaard Shirley L
Bought by
Arreguin Alfonso and Contreras Ana Luisa Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
Sold by
Ameida Ernesto
Bought by
Odegaard Douglas and Odegaard Shirley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2003
Sold by
Teeter Robert G
Bought by
Almeida Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2000
Sold by
Desert Real Estate Investments Inc
Bought by
Teeter Robert G

Purchase Details

Closed on
Mar 25, 1999
Sold by
Sem Financial Services Llc
Bought by
Desert Real Estate Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,500
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records
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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
Masterson Holdings Llc -- --
Masterson Rebecca $495,000 Netwotk Title Agency
Sargent David $340,000 Security Title Agency Inc
Sommers Drew G $190,000 First Arizona Title Agency
Cardenas Jaime -- None Available
Hsbc Bank Usa National Association $72,165 Accommodation
Salomon Cesar Ruben $220,000 Stewart Title & Trust Of Pho
Odegaard Douglas $202,427 None Available
Arreguin Alfonso $96,000 Prescott Title Inc
Odegaard Douglas $104,683 --
Almeida Ernesto $40,000 Security Title Agency
Teeter Robert G -- --
Desert Real Estate Investments Inc $18,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Masterson Rebecca $300,000
Previous Owner Sargent David $255,000
Previous Owner Sommers Drew G $142,500
Previous Owner Salomon Cesar Ruben $154,000
Previous Owner Odegaard Douglas $44,000
Previous Owner Arreguin Alfonso $161,000
Previous Owner Almeida Ernesto $90,000
Previous Owner Desert Real Estate Investments Inc $32,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2021 12/01/21 Sold $495,000 0.0% $324 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $495,000 0.0% $324 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $495,000 +45.6% $324 / Sq Ft
08/25/2020 08/25/20 Sold $340,000 0.0% $222 / Sq Ft View Prior Sale
08/24/2020 08/24/20 For Sale $340,000 0.0% $222 / Sq Ft
08/18/2020 08/18/20 For Sale $340,000 0.0% $222 / Sq Ft
07/10/2020 07/10/20 Price Changed $340,000 -2.9% $222 / Sq Ft
07/09/2020 07/09/20 For Sale $350,000 0.0% $229 / Sq Ft
07/09/2020 07/09/20 Price Changed $350,000 0.0% $229 / Sq Ft
06/16/2020 06/16/20 For Sale $350,000 0.0% $229 / Sq Ft
06/16/2020 06/16/20 Price Changed $350,000 0.0% $229 / Sq Ft
05/14/2020 05/14/20 For Sale $350,000 +84.2% $229 / Sq Ft
02/29/2016 02/29/16 Sold $190,000 -3.3% $124 / Sq Ft View Prior Sale
02/04/2016 02/04/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $196,500 +257.3% $128 / Sq Ft
01/25/2013 01/25/13 Sold $55,000 +22.2% $36 / Sq Ft View Prior Sale
12/26/2012 12/26/12 Pending -- -- --
12/18/2012 12/18/12 For Sale $45,000 -- $29 / 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 $1,312 $8,701 -- --
2024 $1,242 $8,287 -- --
2023 $1,242 $38,670 $7,730 $30,940
2022 $1,217 $27,350 $5,470 $21,880
2021 $1,242 $23,600 $4,720 $18,880
2020 $1,226 $21,020 $4,200 $16,820
2019 $1,187 $19,000 $3,800 $15,200
2018 $1,155 $15,760 $3,150 $12,610
2017 $1,101 $12,820 $2,560 $10,260
2016 $1,047 $11,370 $2,270 $9,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6302076

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-37-023A