NOT LISTED FOR SALE

Estimated Value: $790,890 - $905,000

8 Beds
-- Bath
3,865 Sq Ft
$215/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $853,515 $221 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,595/month

4 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of May 2022

Spacious, well maintained 4-plex building. Each unit is almost 1000 sq ft and has 2 bedrooms and 1.5 bathrooms with covered parking. Newest tenant just signed a lease at $1,300 with $75 in RUBS. Property includes a laundry room for additional income. Close to major freeways and accessible to public transportation within walking distance to light rail, close to major shopping areas minutes away from Phoenix College, GCU, ASU and downtown Phoenix metropolitan Area. Do not miss this opportunity in busy Phoenix Corridor Area. Buyer/Buyers agent to verify all information.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 04/01/2022

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 04/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,168

Year Built

  • Built in 1957

Lot Details

  • 9,496

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

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

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 70
  • Assessor Parcel Number 155-44-075

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11236
  • Cox Estates 2 Subdivision

Building Details

  • Operating Expense $12,484
  • Gross Income $59,280
  • Net Operating Income $46,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,168

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: COX ESTATES 2
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Lot Info

  • Lot Size: 11236
  • Additional Parcels: No
  • Parcel #: 155-44-075

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 59280.0
  • Insurance Expense: 2900.0
  • Maintenance Expense: 3216.0
  • Property Net Operating Income: 46796.0
  • Annual Operating Expense: 12484.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2168.0
  • Tax Book Number: 155.00
  • Tax Lot: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 29, 2022
Sold by
Triple D Properties Llc
Bought by
Douangsavanh Bounyouma David and Huang Yu Chen
Seller's Agent
Larry Burr
ATLAS AZ, LLC
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$825,000
Sold Price
$853,515
Premium/Discount to List
$28,515
3.46%
Current Estimated Value
$831,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,792
Avg. Annual Appreciation
-0.76%
Original Mortgage
$640,136
Outstanding Balance
$603,349
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$228,374

Purchase Details

Listed on
Jun 22, 2020
Closed on
Aug 25, 2020
Sold by
Adame Estela
Bought by
Triple D Properties Llc
Seller's Agent
Leticia Serratos
HomePros
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$482,000
Sold Price
$485,000
Premium/Discount to List
$3,000
0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.72%
Original Mortgage
$361,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 1997
Sold by
Byrne Mary E
Bought by
Adame Estela T
Source: Public Records

Range of Values:

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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
Douangsavanh Bounyouma David $853,515 Pioneer Title
Triple D Properties Llc $485,000 First Integrity Ttl Agcy Of
Adame Estela T $127,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Douangsavanh Bounyouma David $640,136
Previous Owner Triple D Properties Llc $361,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $853,515 +3.5% $221 / Sq Ft
04/01/2022 04/01/22 For Sale $825,000 +70.1% $213 / Sq Ft
08/27/2020 08/27/20 Sold $485,000 +0.6% $125 / Sq Ft
07/20/2020 07/20/20 For Sale $482,000 -0.6% $125 / Sq Ft
06/29/2020 06/29/20 Off Market $485,000 -- --
06/24/2020 06/24/20 For Sale $482,000 -0.6% $125 / Sq Ft
06/22/2020 06/22/20 Off Market $485,000 -- --
06/22/2020 06/22/20 For Sale $482,000 -- $125 / 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 $2,219 $17,681 -- --
2024 $2,143 $16,839 -- --
2023 $2,143 $69,910 $13,980 $55,930
2022 $2,131 $47,720 $9,540 $38,180
2021 $2,168 $40,120 $8,020 $32,100
2020 $2,113 $32,920 $6,580 $26,340
2019 $2,021 $28,410 $5,680 $22,730
2018 $1,954 $24,460 $4,890 $19,570
2017 $1,794 $20,650 $4,130 $16,520
2016 $1,731 $18,130 $3,620 $14,510
2015 $1,609 $16,430 $3,280 $13,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6376991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-44-075