NOT LISTED FOR SALE

Estimated Value: $530,000 - $577,000

-- Bed
3 Baths
1,550 Sq Ft
$359/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $116,000 $75 Per Sq Ft

Est. 380% increase in value since last sale

Current estimated payment $3,012/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of September 2015

Great location on this short sale triplex close to the 51 Freeway, schools and shopping. There are two buildings. The front house has 3 bedrooms, one bath, built in 1948 and is 880SF with 2C carport. Ceramic tile in the kitchen, bath, hallway & one bedroom. Rented for $750, expires 4/30/16. There is a separate building in the back with two studio units. Built in 1972 they are 325SF each. Unit 1 rented MTM for $395. Tenant has been there since 11/1/13. Unit 2 needs major renovation. Studio units share fenced back yard & have 1 off street parking space each. Owner pays water and trash. Yard has irrigation. Short sale. Sold As Is and CASH only. No repairs. Drive by only until offer is accepted.

Last Agent to Sell the Property

Pat Hune

1st Southwest Realty, LLC License #BR529524000 Listed on: 05/27/2015

Last Buyer's Agent

Aaron Carter

HomeSmart License #BR646960000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 1948

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Madison Elementary School
  • North High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 26
  • Assessor Parcel Number 155-02-037

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8299SF
  • Victor Park Subdivision

Building Details

  • Operating Expense $4,644
  • Gross Income $13,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$744

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 16TH ST & CAMELBACK
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2014
  • Directions: S on 16th Street to Campbell, West on Campbell to 14th Place, N on 14th Place to 4513 & 4515. Note front house is 4515. Follow alley to the 2 studios in back # 4513 and accessed through back gate.
  • Road Surface Type: Asphalt
  • Subdivision Name: VICTOR PARK
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, On Street, 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
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Electric, Individual
  • Heating: Individual, Central, Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, Irrigation
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Madison Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8299SF
  • Additional Parcels: No
  • Parcel #: 155-02-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 13740.0
  • Maintenance Expense: 1500.0
  • Annual Operating Expense: 4644.0

Tax Info

  • Tax Annual Amount: 744.0
  • Tax Book Number: 155.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2019
Sold by
Fisher Neil A and Molaver Steven P
Bought by
4515 14Th Place Llc
Current Estimated Value
$557,168

Purchase Details

Closed on
Aug 31, 2018
Sold by
Rosenau Marlo
Bought by
Rosenau Marlo J and The Marlo J Rosenau Revocable

Purchase Details

Closed on
Aug 23, 2018
Sold by
Rosenau Marlo J and The Marlo J Rosenau Revocable
Bought by
4517 North Llc

Purchase Details

Closed on
Dec 12, 2009
Sold by
Reinert Joseph M
Bought by
Reinert Joseph M and The Joseph M Reinert Trust

Purchase Details

Closed on
Nov 23, 2005
Sold by
Larsen Daniel L and Larsen Melinda A
Bought by
Rossi Andrew V

Purchase Details

Closed on
Jun 17, 2002
Sold by
Jonus Adam and Jonus Maria L
Bought by
Larsen Daniel L and Larsen Melinda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2001
Sold by
Sanders Tracy Ann and Mitchell Mary Lou
Bought by
Rosenau Marlo

Purchase Details

Closed on
Jun 17, 1998
Sold by
Shomen Donna C
Bought by
Jonus Adam and Jonus Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
7.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
4515 14Th Place Llc -- None Available
Rosenau Marlo J -- None Available
4517 North Llc -- None Available
Reinert Joseph M -- None Available
Rossi Andrew V $280,000 First American Title Ins Co
Larsen Daniel L $130,000 Century Title Agency Inc
Rosenau Marlo $50,000 Stewart Title & Trust Of Pho
Jonus Adam $89,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larsen Daniel L $104,000
Previous Owner Jonus Adam $71,200
Closed Jonus Adam $13,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2015 09/15/15 Sold $116,000 +5.5% $75 / Sq Ft
05/30/2015 05/30/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $110,000 -- $71 / 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 $1,081 $8,300 -- --
2024 $1,003 $7,904 -- --
2023 $1,003 $41,200 $8,240 $32,960
2022 $912 $30,280 $6,050 $24,230
2021 $925 $25,870 $5,170 $20,700
2020 $910 $20,660 $4,130 $16,530
2019 $890 $16,350 $3,270 $13,080
2018 $867 $13,020 $2,600 $10,420
2017 $825 $13,060 $2,610 $10,450
2016 $796 $9,760 $1,950 $7,810
2015 $740 $7,720 $1,540 $6,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5285468

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-02-036