NOT LISTED FOR SALE

Estimated Value: $514,000 - $602,000

4 Beds
-- Bath
1,518 Sq Ft
$373/Sq Ft Est. Value

Last Sold May 03, 2023

Last sale price $575,000 $379 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,157/month

3 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of May 2023

INVESTMENT OPPORTUNITY! HIGH CAP RATE! TURN- KEY- NO HOA Recently updated, well-kept, and modern appeal. Each unit has a private turf yard, storage(not counted in sq ft), w/d (not counted in sq ft), covered parking. 1 unit is currently vacant and the other has a stable tenant with option to increase rent on both units or live in one unit and rent the other! this Midtown location is amazing! right off Camelback rd and 12th st walking distance to Biltmore area shopping centers that include Whole Foods/Trader Joes/Nordstrom as well as the hip Uptown shops and restaurants.

Last Agent to Sell the Property

Gad Nagar

Altair Realty LLC License #SA640798000 Listed on: 04/01/2023

Last Buyer's Agent

Andrew McGuire

ProSmart Realty License #SA679408000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $797

Year Built

  • Built in 1958

Lot Details

  • 5,837

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Madison Camelview Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 18
  • Assessor Parcel Number 155-02-002-E

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90X65
  • Lincoln Place Lot 30 Subdivision

Building Details

  • Operating Expense $797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$797

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Camelback rd & 12th st
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2022
  • Directions: south on 12th st from Camelback road turn east on highland and south on 14th st. Home is on the east. side of the road.
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: LINCOLN PLACE LOT 30
  • Tax Parcel Letter: E
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • 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:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central, 2 or More Units, Natural Gas, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Ceiling: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison Camelview Elementary
  • High School: North High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 90X65
  • Additional Parcels: No
  • Parcel #: 155-02-002-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 797.0

Tax Info

  • Tax Annual Amount: 797.0
  • Tax Book Number: 155.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
May 3, 2023
Sold by
Ely Enterprises Llc
Bought by
Conacher Maximillian
Seller's Agent
Gad Nagar
Altair Realty LLC
Buyer's Agent
Andrew McGuire
ProSmart Realty
List Price
$575,000
Sold Price
$575,000
Views
44
Current Estimated Value
$566,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,354
Avg. Annual Appreciation
1.75%
Original Mortgage
$460,000
Outstanding Balance
$447,767
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$150,797

Purchase Details

Closed on
Jun 2, 2020
Sold by
Nagar Stephanie C
Bought by
Nagar Gadi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2017
Sold by
Nagar Gadi
Bought by
Ely Enterprises Llc

Purchase Details

Listed on
Feb 8, 2013
Closed on
Apr 29, 2013
Sold by
Nagar Stephanie
Bought by
Nagar Gadi
Seller's Agent
Sheryl Bowden
Realty Executives Arizona Territory
Buyer's Agent
Gad Nagar
Altair Realty LLC
List Price
$75,000
Sold Price
$85,000
Premium/Discount to List
$10,000
13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.15%
Original Mortgage
$80,168
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 8, 2013
Closed on
Mar 25, 2013
Sold by
Mendez Mariano
Bought by
Federal National Mortgage Association
Seller's Agent
Sheryl Bowden
Realty Executives Arizona Territory
Buyer's Agent
Gad Nagar
Altair Realty LLC
List Price
$75,000
Sold Price
$85,000
Premium/Discount to List
$10,000
13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,168
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2006
Sold by
Hernandez Silvia
Bought by
Mendez Mariano

Purchase Details

Closed on
Jun 29, 2005
Sold by
Mendez Mariano
Bought by
Hernandez Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.58%
Mortgage Type
Stand Alone First
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
Conacher Maximillian $575,000 Great American Title Agency
Nagar Gadi -- Fidelity National Ttl Ins Co
Ely Enterprises Llc -- None Available
Nagar Gadi -- Old Republic Title Agency
Nagar Gadi $85,000 Old Republic Title Agency
Federal National Mortgage Association $145,912 None Available
Mendez Mariano -- Prescott Title Inc
Hernandez Silvia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conacher Maximillian $460,000
Previous Owner Nagar Gadi $251,250
Previous Owner Nagar Gadi $80,168
Previous Owner Hernandez Silvia $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $575,000 0.0% $379 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $575,000 0.0% $379 / Sq Ft
12/04/2020 12/04/20 Rented $1,290 0.0% --
11/29/2020 11/29/20 For Rent $1,290 0.0% --
04/30/2013 04/30/13 Sold $85,000 +13.3% $56 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $75,000 -- $49 / 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 $844 $6,799 -- --
2024 $822 $6,475 -- --
2023 $822 $38,900 $7,780 $31,120
2022 $797 $28,260 $5,650 $22,610
2021 $804 $24,030 $4,800 $19,230
2020 $792 $19,420 $3,880 $15,540
2019 $774 $15,520 $3,100 $12,420
2018 $755 $13,700 $2,740 $10,960
2017 $720 $12,570 $2,510 $10,060
2016 $695 $9,320 $1,860 $7,460
2015 $645 $6,510 $1,300 $5,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6538889

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-02-002E