NOT LISTED FOR SALE

Estimated Value: $160,403 - $228,000

3 Beds
1 Bath
1,008 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $38,000 $38 Per Sq Ft

Est. 377% increase in value since last sale

Current estimated payment $1,146/month

4 Days on Market

Highlights

  • End Unit
  • Tile Flooring
  • Heating Available
  • Eat-In Kitchen
  • Property is near bus stop

About This Home

As of May 2014

Excellent investment property with built in tenants! Rents for $600/month, desirable three bedroom is has been occupied by the same tenant since 1991 and they would like to stay. HOA takes care of the exterior, landlord is only responsible for the interior. Great cap rate! Home has been maintained well and is in good condition, newer AC.

Last Agent to Sell the Property

Mark Carvalho

Carvalho Real Estate License #BR543460000 Listed on: 04/30/2014

Co-Listed By

Eric Abel

Fathom Realty License #SA624257000

Last Buyer's Agent

Zongfu Li

Dr Win Realty LLC License #BR578246000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $196

Year Built

  • Built in 1973

Lot Details

  • 962 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Block Wall Fence

HOA Fees

  • $179 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,008 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Location

  • Property is near bus stop

Schools

  • Frank Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • Association fees include roof repair, insurance, sewer, pest control, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • Amcor Property Prof Association, Phone Number (480) 948-5860
  • Hallcraft Villas East 5 Subdivision

Listing and Financial Details

  • Tax Lot 432
  • Assessor Parcel Number 124-55-433

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$196

Year Built

Built in 1973

Lot Details

0

HOA Fees

$179 per month

Listing Details

  • Cross Street: 48th St. and Broadway
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 179.01
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2013
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: creg001
  • Co List Office Phone: 480-854-9000
  • Subdivision Name: HALLCRAFT VILLAS EAST 5
  • Architectural Style: Other (See Remarks)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 37.69
  • Association Fees:HOA Fee2: 179.01
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 1008.0
  • Stories: 2
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:Near Bus Stop: Yes

Exterior Features

  • Fencing: Block
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls, End Unit
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 1.0

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 179.01
  • Association Fee Frequency: Monthly
  • Association Name: VILLAS EAST 5 HOA
  • Phone: 480-948-5860
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 203.25
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: VILLAS EAST 5 HOA
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AMCOR PROPERTY PROF
  • Association Fees:HOA Management Phone: 480-948-5860
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Frank Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 962.0
  • Parcel #: 124-55-433
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Tax Annual Amount: 196.36
  • Tax Book Number: 124.00
  • Tax Lot: 432
  • Tax Map Number: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2019
Sold by
Fors Investment Llc
Bought by
Excel Real Estates Llc
Current Estimated Value
$181,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,960,000
Outstanding Balance
$3,445,681
Interest Rate
4.3%
Mortgage Type
Construction
Estimated Equity
-$3,264,580

Purchase Details

Closed on
Feb 21, 2019
Sold by
Li Zongfu and Chen Jiang
Bought by
Fors 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
$3,960,000
Outstanding Balance
$3,445,681
Interest Rate
4.3%
Mortgage Type
Construction
Estimated Equity
-$3,264,580

Purchase Details

Closed on
Feb 5, 2015
Sold by
Chen Jiang
Bought by
Li Zongfu and Chen Jiang

Purchase Details

Listed on
Apr 30, 2014
Closed on
May 28, 2014
Sold by
Ornelas Manuel C and Ornelas Molly B
Bought by
Chen Jiang
Seller's Agent
Mark Carvalho
Carvalho Real Estate
Buyer's Agent
Zongfu Li
Dr Win Realty LLC
List Price
$38,500
Sold Price
$38,000
Premium/Discount to List
-$500
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%
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
Excel Real Estates Llc $1,050,000 Commonwealth Land Ttl Ins Co
Fors Investments Llc -- None Available
Li Zongfu -- None Available
Chen Jiang $38,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Excel Real Estates Llc $3,960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $38,000 -1.3% $38 / Sq Ft
05/04/2014 05/04/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $38,500 -- $38 / 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 $308 $2,655 -- --
2024 $287 $2,529 -- --
2023 $287 $9,530 $1,900 $7,630
2022 $276 $7,180 $1,430 $5,750
2021 $279 $6,260 $1,250 $5,010
2020 $270 $5,260 $1,050 $4,210
2019 $265 $4,420 $880 $3,540
2018 $258 $3,800 $760 $3,040
2017 $249 $3,050 $610 $2,440
2016 $248 $2,860 $570 $2,290
2015 $232 $2,720 $540 $2,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5108106

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-55-433