NOT LISTED FOR SALE

Estimated Value: $415,000 - $494,000

Studio
-- Bath
1,674 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 25, 2018

Last sale price $217,000 $130 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,362/month

102 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating

About This Home

As of April 2018

FULLY OCCUPIED TURNKEY DUPLEX. TENANTS PAY ALL UTILITIES. BROKER/OWNER HAS OWNED PROPERTY FOR 23+ YEARS UPGRADING AND RENOVATING THE PROPERTY LEAVING NO DEFERRED MAINTENANCE. NEWER EXTERIOR PAINT.

Last Agent to Sell the Property

John Rendler

Desert Holdings Property Management License #BR109614000 Listed on: 12/07/2017

Last Buyer's Agent

Edward Surchik

Fathom Realty Elite License #SA541291000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $775

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Hawthorne Elementary School
  • Kino Junior High School
  • Mountain View - Waddell High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 43
  • Assessor Parcel Number 137-39-043

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • Paradise Parkway 3 Amended Subdivision

Building Details

  • Operating Expense $2,929
  • Gross Income $18,360
  • Net Operating Income $15,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$775

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Stapley/University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PARADISE PARKWAY 3 AMENDED
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Hawthorne Elementary School
  • High School: Mountain View - Waddell
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 137-39-043

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18360.0
  • Insurance Expense: 574.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 15430.0
  • Annual Operating Expense: 2929.0

Tax Info

  • Tax Annual Amount: 775.0
  • Tax Book Number: 137.00
  • Tax Lot: 43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Apr 16, 2018
Sold by
Rendler John P and Rendler Lynn D
Bought by
Alfaro Jennifer and Alfaro Kenneth Bacillo
Seller's Agent
John Rendler
Desert Holdings Property Management
Buyer's Agent
Edward Surchik
Fathom Realty Elite
List Price
$250,000
Sold Price
$217,000
Premium/Discount to List
-$33,000
-13.2%
Current Estimated Value
$440,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,186
Avg. Annual Appreciation
9.48%
Original Mortgage
$162,750
Outstanding Balance
$139,962
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$300,224

Purchase Details

Closed on
Jun 20, 2003
Sold by
Rendler John P and Rendler Lynn D
Bought by
John P & Lynn D Rendler Joint Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2001
Sold by
Rendler John Patrick and Rendler Lynn Darling
Bought by
The John P & Lynn D Rendler Joint Revoca

Purchase Details

Closed on
Jul 29, 2001
Sold by
Rendler John Patrick and Rendler Lynn Darling
Bought by
Rendler John Patrick and Rendler Lynn Darling
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alfaro Jennifer $217,000 Security Title Agency Inc
John P & Lynn D Rendler Joint Revocable -- Chicago Title Insurance Co
Rendler John P -- Chicago Title Insurance Co
The John P & Lynn D Rendler Joint Revoca -- Capital Title Agency Inc
Rendler John Patrick -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alfaro Jennifer $162,750
Previous Owner Rendler John P $103,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2018 04/25/18 Sold $217,000 -5.7% $130 / Sq Ft
03/04/2018 03/04/18 Price Changed $230,000 -6.1% $137 / Sq Ft
01/18/2018 01/18/18 Price Changed $245,000 -2.0% $146 / Sq Ft
12/07/2017 12/07/17 For Sale $250,000 -- $149 / 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 $907 $9,197 -- --
2024 $910 $8,759 -- --
2023 $910 $29,530 $5,900 $23,630
2022 $891 $22,520 $4,500 $18,020
2021 $902 $18,800 $3,760 $15,040
2020 $890 $16,980 $3,390 $13,590
2019 $832 $14,430 $2,880 $11,550
2018 $798 $13,100 $2,620 $10,480
2017 $775 $10,700 $2,140 $8,560
2016 $760 $9,880 $1,970 $7,910
2015 $715 $8,680 $1,730 $6,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5697711

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-043

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