$595,000
SOLD SEP 30, 2022
-- Bed
-- Bath
1,695 Sq Ft
1962 Built

Recently Sold

$351 Per Sq Ft

3 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 5-minute walk to Old Cross Cut Canal Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2022

Amazing owner occupied living situation! Live in one unit and cover half of your mortgage with the second unit! This duplex consists of two 2 bedroom units that each have 1 bathroom. Lovingly maintained with over $60,000 in upgrades over the past couple of years with NEW ROOF, NEW A/Cs, and modern patios outfitted with custom steel work. Premium location just south of Arcadia and within close distance to the best shopping and dining in town. Priced to sell and ready for a new owner!

Last Agent to Sell the Property

Oleg Bortman

The Brokery License #BR636864000 Listed on: 08/30/2022

Co-Listed By

Tucker Blalock

The Brokery License #BR642462000

Last Buyer's Agent

Sandra Murphy

Midnight Realty License #BR090474000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,130

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • Griffith Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 126-14-003-R

Community Details

Overview

  • 2 Units
  • Building Dimensions are 65X114
  • Orangedale Tract 11,13,14,15 Subdivision

Building Details

  • Operating Expense $1,130
  • Gross Income $34,200
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,130

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 48th St & Thomas Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R 1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2021
  • Directions: South on 48th St, East on Cambridge
  • Road Surface Type: Gravel, Concrete
  • Co List Office Mls Id: boll003
  • Co List Office Phone: 602-892-4444
  • Subdivision Name: ORANGEDALE TRACT 11,13,14,15
  • Tax Parcel Letter: R
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Griffith Elementary School

Lot Info

  • Lot Size: 65X114
  • Additional Parcels: No
  • Parcel #: 126-14-003-R

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 34200.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 1130.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1130.0
  • Tax Book Number: 126.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Sep 22, 2022
Sold by
Lorna Holmes
Bought by
Murphy Hunter Nicholas
Seller's Agent
Oleg Bortman
The Brokery
Buyer's Agent
Sandra Murphy
Midnight Realty
List Price
$595,000
Sold Price
$595,000
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.78%
Original Mortgage
$476,000
Outstanding Balance
$454,969
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$153,932

Purchase Details

Closed on
Jul 12, 2004
Sold by
Hagen Charles G
Bought by
Holmes Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 1998
Sold by
Dockendorff Lyle Max
Bought by
Hagen Charles G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.91%
Mortgage Type
VA
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 Type Sale Price Title Company
Warranty Deed $595,000 Valleywide Title
Warranty Deed $154,000 --
Warranty Deed $85,500 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $476,000 New Conventional
Previous Owner $262,000 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $201,600 Unknown
Previous Owner $123,200 New Conventional
Previous Owner $85,500 VA
Closed $30,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 For Sale $680,000 +14.3% --
09/30/2022 09/30/22 Sold $595,000 0.0% $351 / Sq Ft
08/30/2022 08/30/22 For Sale $595,000 -- $351 / 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 $1,017 $9,689 -- --
2024 $1,007 $9,228 -- --
2023 $1,007 $37,170 $7,430 $29,740
2022 $1,111 $28,510 $5,700 $22,810
2021 $1,130 $25,970 $5,190 $20,780
2020 $1,109 $22,780 $4,550 $18,230
2019 $1,105 $19,310 $3,860 $15,450
2018 $1,040 $14,360 $2,870 $11,490
2017 $997 $13,500 $2,700 $10,800
2016 $975 $11,000 $2,200 $8,800
2015 $915 $8,100 $1,620 $6,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6457000

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-14-003R