NOT LISTED FOR SALE

Estimated Value: $570,932 - $654,000

4 Beds
-- Bath
1,695 Sq Ft
$363/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $460,000 $271 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,322/month

12 Days on Market

Highlights

  • 4 Car Attached Garage
  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Playground
  • 5-minute walk to Old Cross Cut Canal Park

About This Home

As of February 2021

Great property- Fantastic LOCATION East Phoenix Lower Arcadia. You will not find anything similar in the area.
Investor or owner-occupant dream!

Two Identical Units with 2 Bedroom/1 Bath almost 850 SQ FT-Each, Each apartment has a garage, laundry area. Both units have stable tenants.

Walking distance from restaurants, coffee shops, shopping centers, , 15 minute drive to Biltmore Area & Old Town Scottsdale. Easy access to freeway, minutes from Sky Harbor Airport. Incredible Property in Highly Desirable Area!

Last Agent to Sell the Property

Maria Lopez

My Home Group Real Estate License #SA645961000 Listed on: 01/09/2021

My Home Group Real Estate

Last Buyer's Agent

Brissa Carvajal

eXp Realty License #SA653048000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1962

Lot Details

  • 7,884

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Car Attached Garage
  • Over 1 Space Per Unit
  • Free Parking
  • Assigned Parking

Schools

  • Orangedale Junior High Prep Academy
  • Camelback High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 25
  • Assessor Parcel Number 126-14-003-K

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7898
  • Orangedale Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $4,232
  • Gross Income $2,325
  • Net Operating Income $23,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd. & 48th St.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2020
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: Orangedale
  • Garage Yn: Yes
  • Tax Parcel Letter: K
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: 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: Paved, Free, Assigned, Add'l Parking Avail, Attached, >1 Space Per Unit, 1 Space/Unit
  • Attached Garage: Yes
  • 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 Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1680.0

Schools

  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Orangedale Junior High Prep Academy

Lot Info

  • Lot Size: 7898
  • Additional Parcels: No
  • Parcel #: 126-14-003-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 2325.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 23668.0
  • Annual Operating Expense: 4231.68

Tax Info

  • Tax Annual Amount: 1051.68
  • Tax Book Number: 126.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Feb 5, 2021
Sold by
Navas Rental Solution Llc
Bought by
Sadat Najmah
Seller's Agent
Maria Lopez
My Home Group Real Estate
Buyer's Agent
Brissa Carvajal
eXp Realty
List Price
$439,000
Sold Price
$460,000
Premium/Discount to List
$21,000
4.78%
Current Estimated Value
$615,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,483
Avg. Annual Appreciation
6.11%
Original Mortgage
$368,000
Outstanding Balance
$328,564
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$286,919

Purchase Details

Listed on
Jan 22, 2015
Closed on
Jun 11, 2015
Sold by
Martinez Julio A
Bought by
Navas Rental Solution Llc
Seller's Agent
Jacqueline Dempsey
HomeSmart
Buyer's Agent
Bob O'Neill
Good Company Real Estate
List Price
$204,000
Sold Price
$204,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.08%

Purchase Details

Listed on
Jan 22, 2015
Closed on
Mar 17, 2015
Sold by
Spinnaker Cambrodge Llp
Bought by
Martinez Julio A
Seller's Agent
Jacqueline Dempsey
HomeSmart
Buyer's Agent
Bob O'Neill
Good Company Real Estate
List Price
$204,000
Sold Price
$204,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,305
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2004
Sold by
Thein Jack L
Bought by
Spinnaker Cambridge Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2004
Sold by
Spinnaker Cambridge Lp
Bought by
Thein Jack L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2004
Sold by
Thein Oanh T
Bought by
Thein Jack L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2001
Sold by
Thein Jack L and Thein Oanh T
Bought by
Spinnaker Cambridge Ltd Partnership

Purchase Details

Closed on
Feb 20, 2001
Sold by
Thorne Gregg K
Bought by
Thein Jack L and Thein Oanh K

Purchase Details

Closed on
Aug 7, 1996
Sold by
Tibsherany George F and Tibsherany Tina M
Bought by
Thorne Gregg K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,906
Interest Rate
8.33%
Mortgage Type
VA

Purchase Details

Closed on
Aug 1, 1996
Sold by
Kogan Laura F
Bought by
Tibsherany George F and Tibsherany Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,906
Interest Rate
8.33%
Mortgage Type
VA
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
Sadat Najmah $460,000 Valleywide Title Agency
Navas Rental Solution Llc -- None Available
Martinez Julio A $204,000 Clear Title Agency
Spinnaker Cambridge Lp -- Capital Title Agency Inc
Thein Jack L -- Capital Title Agency Inc
Thein Jack L -- Capital Title Agency Inc
Spinnaker Cambridge Ltd Partnership -- --
Thein Jack L $120,097 Fidelity National Title
Thorne Gregg K $87,500 North American Title Agency
Tibsherany George F -- North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadat Najmah $368,000
Previous Owner Martinez Julio A $200,305
Previous Owner Thein Jack L $113,750
Previous Owner Thein Jack L $113,750
Previous Owner Thorne Gregg K $89,906
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2021 02/08/21 Sold $460,000 0.0% $271 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/17/2021 01/17/21 Price Changed $460,000 +4.8% $271 / Sq Ft
01/14/2021 01/14/21 For Sale $439,000 0.0% $259 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $439,000 +115.2% $259 / Sq Ft
04/29/2015 04/29/15 Sold $204,000 0.0% $120 / Sq Ft View Prior Sale
03/14/2015 03/14/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $204,000 -- $120 / 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 $1,247 $9,770 -- --
2024 $1,162 $9,305 -- --
2023 $1,162 $36,180 $7,230 $28,950
2022 $1,048 $28,130 $5,620 $22,510
2021 $1,072 $25,430 $5,080 $20,350
2020 $1,052 $22,430 $4,480 $17,950
2019 $1,049 $19,130 $3,820 $15,310
2018 $985 $16,270 $3,250 $13,020
2017 $942 $13,830 $2,760 $11,070
2016 $921 $11,370 $2,270 $9,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6179101

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-14-003K