NOT LISTED FOR SALE

Estimated Value: $440,434 - $697,000

-- Bed
-- Bath
2,946 Sq Ft
$185/Sq Ft Est. Value

Last Sold September 24, 2015

Last sale price $185,000 $63 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $3,172/month

92 Days on Market

Highlights

  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of September 2015

Single Level Slump Block Triplex, Easy to Maintain. One unit is 2 Bedroom , 2 Bath
and 2 Units are 2 Bedroom, 1 Bath. All Units are Very Large with Backyards. Great Location Near Shopping, Major Employers and Freeways. Great for Owner Occupant or Investor. Take Advantage of Today's Low Interest Rates. All Facts and Figures are Approximate, Buyer to Verify to their Satisfaction Including MLS Info.

Last Listed By

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 05/22/2015

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,212

Year Built

  • Built in 1980

Lot Details

  • 9,365

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Concrete Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for sewer, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 110
  • Assessor Parcel Number 140-15-123

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr
  • Greenfield Estates Subdivision

Building Details

  • Operating Expense $6,362
  • Gross Income $20,520
  • Net Operating Income $14,158

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,212

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University and Greenfield
  • Property Type: Multiple Dwellings
  • Zoning: 0330
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: Greenfield Estates
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 140-15-123

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 20520.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 14158.0
  • Annual Operating Expense: 6362.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1212.0
  • Tax Book Number: 140.00
  • Tax Lot: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2016
Sold by
Brown Randall J
Bought by
Arizona Garden Properties Llc
Total Days on Market
92
Current Estimated Value
$545,359

Purchase Details

Listed on
May 22, 2015
Closed on
Oct 26, 2015
Sold by
Brown Laurie L
Bought by
Brown Randall J
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Bryan Gremillion
Better Choice Homes, LLC
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$166,500
Interest Rate
3.78%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 22, 2015
Closed on
Sep 16, 2015
Sold by
Ganji Ramsin J and Ganji Denise L
Bought by
Sig Az Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Bryan Gremillion
Better Choice Homes, LLC
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
3.78%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 18, 2005
Sold by
Marques Paul and Marques Ethel M
Bought by
Ganji Ramsin J and Ganji Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2003
Sold by
Vanvanngo Thuong Van and Ngo My Ngoc
Bought by
Marques Paul and Marques Ethel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2002
Sold by
Konkel Charles R and Konkel Betty Jane
Bought by
Vanvanngo Thuong Van and Ngo My Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1999
Sold by
Caballero Apartments Ltd Partnership
Bought by
Konkel Charles R and Konkel Betty Jane

Purchase Details

Closed on
Dec 28, 1994
Sold by
Berge Craig M and Berge Nancy C
Bought by
Cabellero Apartments Ltd Partnership

Purchase Details

Closed on
Mar 7, 1994
Sold by
Lampe Construction
Bought by
Berge Craig E

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
Arizona Garden Properties Llc -- None Available
Brown Randall J -- Equity Title Agency Inc
Brown Randall J $215,000 None Available
Sig Az Llc $185,000 Equity Title Agency Inc
Ganji Ramsin J $250,000 Fidelity National Title
Marques Paul $190,000 Security Title Agency
Vanvanngo Thuong Van $180,000 Security Title Agency
Konkel Charles R $142,000 Ati Title Agency
Cabellero Apartments Ltd Partnership -- --
Berge Craig E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arizona Garden Properties Llc $965,000
Previous Owner Siq Az Llc $166,500
Previous Owner Sig Az Llc $166,500
Previous Owner Ganji Ramsin J $200,000
Previous Owner Marques Paul $147,000
Previous Owner Vanvanngo Thuong Van $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2015 09/24/15 Sold $185,000 -7.5% $63 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $199,900 -- $68 / 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 $1,606 $15,917 -- --
2024 $1,619 $15,159 -- --
2023 $1,619 $42,850 $8,570 $34,280
2022 $1,586 $32,780 $6,550 $26,230
2021 $1,598 $27,260 $5,450 $21,810
2020 $1,576 $25,100 $5,020 $20,080
2019 $1,475 $19,880 $3,970 $15,910
2018 $1,414 $18,630 $3,720 $14,910
2017 $1,373 $15,350 $3,070 $12,280
2016 $1,341 $14,610 $2,920 $11,690
2015 $1,263 $13,310 $2,660 $10,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5283899

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-123