NOT LISTED FOR SALE

Estimated Value: $564,000 - $808,000

Studio
-- Bath
2,946 Sq Ft
$227/Sq Ft Est. Value

Last Sold December 17, 2015

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

Est. 262% increase in value since last sale

Current estimated payment $3,636/month

74 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2015

Back on the Market, Huge Price Reduction !
Slump Block Triplex, Huge 2 Bedroom Units.
Large Yard, Single level Covered Parking & Garage. Lots of Potential Upside on Rent Rates Which May Create More Cash Flow. All Facts and figure Approximate, Buyer to Verify to Their Satisfaction including MLS Info.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/04/2015

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Brian Neugebauer

RE/MAX Excalibur License #SA527345000

RE/MAX Excalibur

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

Flooring

  • Concrete Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 106
  • Assessor Parcel Number 140-15-124

Community Details

Overview

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

Building Details

  • Gross Income $20,520
  • Net Operating Income $14,659

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
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: 0330
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • 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, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • 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 #: 140-15-124

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 20520.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 14659.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1212.0
  • Tax Book Number: 140.00
  • Tax Lot: 106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2021
Sold by
Holland Bruce E and Holland Bruce
Bought by
William And Emily Truswell Lp
Current Estimated Value
$669,667

Purchase Details

Listed on
Sep 4, 2015
Closed on
Nov 4, 2015
Sold by
Ganji Ramsin J and Ganji Denise L
Bought by
Holland Bruce E
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Brian Neugebauer
RE/MAX Excalibur
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
13.64%
Original Mortgage
$148,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Nov 14, 1998
Sold by
Cabellero Apartments Ltd Partnership
Bought by
Marques Paul W and Marques Ethel M

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 M
Source: Public Records
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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
William And Emily Truswell Lp $1,000,000 Premier Title Agency
Holland Bruce E $185,000 First American Title Ins Co
Ganji Ramsin J $250,000 Fidelity National Title
Marques Paul W $276,000 Security Title Agency
Cabellero Apartments Ltd Partnership -- --
Berge Craig M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holland Bruce E $148,000
Previous Owner Ganji Ramsin J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2015 12/17/15 Sold $185,000 -7.5% $63 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
09/03/2015 09/03/15 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 $1,614 $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: 5329692

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-124