NOT LISTED FOR SALE

Estimated Value: $452,775 - $494,000

4 Beds
-- Bath
2,056 Sq Ft
$232/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $360,000 $175 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,767/month

16 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to Pequeño Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of June 2021

Very nice duplex for sale. Great investment property. Two units currently occupied by long-term tenants. One 2 bed 2 bath unit and one 2 bed 1 bath unit. Each has 2 bedroom 1 full bath. Great location just minutes from freeways and shopping. Both units come with a large living room, hard and laminate flooring with updates. Each unit has its own laundry room/ storage room with washer/ dryer hook-up. Low maintenance backyard. Property offers 2 covered carports plus slab driveway for extra parking.

Last Listed By

Jefferson Schneider

Clear Property Management License #BR653127000 Listed on: 05/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,297

Year Built

  • Built in 1980

Lot Details

  • 7,057

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport
  • Free Parking

Schools

  • O'connor Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 28
  • Assessor Parcel Number 140-15-040

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7055 sq ft
  • Greenfield Estates Unit 1 Subdivision

Building Details

  • Operating Expense $1,297
  • Gross Income $17,595
  • Net Operating Income $14,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,297

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University Dr and Greenfield Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2020
  • Directions: North on N Greenfield Rd East on E Covina St South on Contessa St
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: GREENFIELD ESTATES UNIT 1
  • Construction Brick: Yes
  • Roofing:Composition: 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: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: O'Connor Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 7055 sq ft
  • Additional Parcels: No
  • Parcel #: 140-15-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 17595.0
  • Property Net Operating Income: 14955.75
  • Annual Operating Expense: 1297.0
  • Vacancy Allowance Rate: 0.15

Tax Info

  • Tax Annual Amount: 1297.0
  • Tax Book Number: 140.00
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 3, 2021
Sold by
Arnett Robert C and Arnett Lanie D
Bought by
Rs Xii Phoenix Owner 1 L P
Seller's Agent
Jefferson Schneider
Clear Property Management
Buyer's Agent
Josh Strong
Nhimble Homes
List Price
$355,000
Sold Price
$360,000
Premium/Discount to List
$5,000
1.41%
Total Days on Market
16
Current Estimated Value
$476,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,944
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Apr 16, 2021
Sold by
Horner Lorene Grace
Bought by
Arnett Robert C and Arnett Lanie D

Purchase Details

Closed on
Aug 11, 2017
Sold by
Horner Lorene G
Bought by
Horner Lorene Grace

Purchase Details

Closed on
Jun 8, 2006
Sold by
Horner James B and Horner Lorene Grace
Bought by
Horner James B and Horner Lorene G

Purchase Details

Closed on
Jan 29, 2003
Sold by
Kolling John M and Kolling Ann Marie
Bought by
Horner James B and Horner Lorene Grace

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
Rs Xii Phoenix Owner 1 L P $360,000 First American Title Ins Co
Arnett Robert C $275,000 Pioneer Title Agency Inc
Horner Lorene Grace -- None Available
Horner James B -- None Available
Horner James B $137,900 Security Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $360,000 +1.4% $175 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $355,000 -- $173 / 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 $1,321 $13,132 -- --
2024 $1,332 $12,507 -- --
2023 $1,332 $34,310 $6,860 $27,450
2022 $1,305 $26,000 $5,200 $20,800
2021 $1,315 $21,560 $4,310 $17,250
2020 $1,297 $19,700 $3,940 $15,760
2019 $1,214 $15,950 $3,190 $12,760
2018 $1,164 $15,380 $3,070 $12,310
2017 $1,129 $12,530 $2,500 $10,030
2016 $1,108 $11,650 $2,330 $9,320
2015 $1,040 $10,270 $2,050 $8,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6240661

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-040