NOT LISTED FOR SALE

Estimated Value: $481,000 - $655,000

3 Beds
2 Baths
2,102 Sq Ft
$262/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $575,000 $274 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,112/month

62 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of June 2023

Spacious & versatile multi-family zoned property!! Priced to sell! Main home features 4 bedrooms, a den that can easily be converted into a bedroom, and large family room + 2 car garage. Behind the main home, you'll find two separate units, each featuring 1 bed and 1 bath. One of the units even has its own garage, providing convenient and secure parking. Whether you're interested in renting out the units or using them as guest houses for family & friends, the opportunities are endless! Plus, with plenty of parking space throughout the property, there's no need to worry about finding parking. Don't miss out on the chance to own this accommodating home. Contact us today to schedule a viewing & see all that this home has to offer!

Last Agent to Sell the Property

Michael Escobedo

Jason Mitchell Real Estate License #SA662612000 Listed on: 03/06/2023

Jason Mitchell Real Estate

Co-Listed By

Danielle Escobedo

A.Z. & Associates, LLC License #SA664649000

Last Buyer's Agent

Derek Tschilar

Realty ONE Group License #SA703403000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,780

Year Built

  • Built in 2003

Lot Details

  • 0.32

Home Design

  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 113-37-092

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 77 X 179 X 77 X 179
  • Loch Place Annex Subdivision

Building Details

  • Operating Expense $1,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,780

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: E Marguerite Ave and 5th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2022
  • Directions: Take exit 195B for 7th St towards 5th St.
  • Road Surface Type: Dirt, Concrete
  • Co List Office Mls Id: azreg04
  • Co List Office Phone: 602-321-9796
  • Subdivision Name: LOCH PLACE ANNEX
  • Garage Yn: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Tile, Concrete
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 77 X 179 X 77 X 179
  • Additional Parcels: No
  • Parcel #: 113-37-092

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 3
  • Annual Operating Expense: 1780.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1780.0
  • Tax Book Number: 113.00
  • Tax Lot: 90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
Jun 6, 2023
Sold by
Mercy Ramsey G and Mercy Valdez-Romero
Bought by
Acevedo Gabriela
Seller's Agent
Michael Escobedo
Jason Mitchell Real Estate
Buyer's Agent
Derek Tschilar
Realty ONE Group
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%
Views
12
Current Estimated Value
$551,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,594
Avg. Annual Appreciation
-1.05%

Purchase Details

Closed on
Dec 7, 2021
Sold by
Romero Ramsey G and Mercy Valdez Romero
Bought by
Romero Ramsey G and Mercy Valdez Romero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,202
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2016
Sold by
Romero Ramsey G and Valdez Romero Mercy
Bought by
Romero Ramsey G and Li Mercy Valdez Romero

Purchase Details

Closed on
Feb 27, 2016
Sold by
Valdez Mercy H
Bought by
Romero Ramsey G and Valdez Mercy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,647
Interest Rate
3.81%
Mortgage Type
VA

Purchase Details

Closed on
Aug 12, 2003
Sold by
Valdez Mercy H and Valdez Joann H
Bought by
Valdez Mercy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 1999
Sold by
Valdez Joe C
Bought by
Valdez Mercy H and Valdez Joann H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
7.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 1999
Sold by
Espinoza Manuela O
Bought by
Valdez Joe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
7.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Acevedo Gabriela $575,000 Roc Title
Romero Ramsey G -- Amrock Inc
Romero Ramsey G -- Amrock Inc
Romero Ramsey G -- None Available
Romero Ramsey G -- None Available
Valdez Mercy H -- Capital Title Agency Inc
Valdez Mercy H $30,000 Capital Title Agency
Valdez Joe C $30,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romero Ramsey G $91,202
Previous Owner Romero Ramsey G $137,647
Previous Owner Valdez Mercy H $75,000
Previous Owner Valdez Mercy H $144,943
Previous Owner Valdez Mercy H $120,000
Previous Owner Valdez Joe C $28,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $575,000 0.0% $274 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $575,000 -4.2% $274 / Sq Ft
04/05/2023 04/05/23 For Sale $600,000 0.0% $285 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $600,000 -- $285 / 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 $2,090 $14,230 -- --
2024 $2,031 $13,552 -- --
2023 $2,031 $32,130 $6,420 $25,710
2022 $1,780 $24,400 $4,880 $19,520
2021 $1,835 $21,830 $4,360 $17,470
2020 $1,812 $22,000 $4,400 $17,600
2019 $1,751 $20,320 $4,060 $16,260
2018 $1,701 $18,280 $3,650 $14,630
2017 $1,585 $14,630 $2,920 $11,710
2016 $1,504 $15,060 $3,010 $12,050
2015 $1,397 $10,960 $2,190 $8,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6528426

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-37-092