NOT LISTED FOR SALE

Estimated Value: $692,000 - $874,000

Studio
-- Bath
2,595 Sq Ft
$305/Sq Ft Est. Value

Last Sold November 07, 2024

Last sale price $825,000 $318 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,367/month

61 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

Closed 11.7.24 for $825,000 along with 4920 E Holly at $825,000. 8 total units/$1,650,000. Conventional financing (two loans). The Holly 8 complex consists of twin four-unit buildings that share a pretty courtyard (4912/4920 E Holly). Sought-after mix of three 2 bedroom & one 1 bed/den units (2850 sf +/-). Every unit has been upgraded in the last few years. All units have new 200 amp electrical services & major plumbing upgrades. Great looking kitchens with all SS appliances & dishwashers. Granite/quartz countertops. all new flooring & fixtures, with nicely redone bathrooms. Two units have w/d units, the others have hookups. Private fenced patios, storage, carports. Huge 11,500 sf lot. Rents are $5200/mo ($10,400/8 units).

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/02/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Curtis Dean

Compass License #SA623683000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,665

Year Built

  • Built in 1962

Lot Details

  • 0.27

Home Design

  • Tile Roof

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 126-18-015-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11581 sf
  • Orangedale Tract 1,2, & 7,8 Subdivision

Building Details

  • Operating Expense $9,581
  • Gross Income $59,850
  • Net Operating Income $50,299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,665

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 48th St & Thomas
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: ORANGEDALE TRACT 1,2, & 7,8
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Other (See Remarks), Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, 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: Other, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11581 sf
  • Additional Parcels: Yes
  • Parcel #: 126-18-015-B

Multi Family

  • Owner Pays: See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 59850.0
  • Property Net Operating Income: 50299.0
  • Annual Operating Expense: 9581.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1665.0
  • Tax Book Number: 126.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Oct 31, 2024
Sold by
4912 E Holly Llc
Bought by
Kolla Family Living Trust and Kolla
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Curtis Dean
Compass
List Price
$980,000
Sold Price
$825,000
Premium/Discount to List
-$155,000
-15.82%
Views
12
Current Estimated Value
$811,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,558
Avg. Annual Appreciation
-3.39%
Original Mortgage
$577,500
Outstanding Balance
$571,708
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$219,337

Purchase Details

Closed on
Mar 23, 2022
Sold by
Zaremba Scott E and Zaremba Analise
Bought by
4912 E Holly Llc

Purchase Details

Closed on
May 3, 2021
Sold by
Salazar Ismael B and Bermudez Lizabeth
Bought by
Zaremba Scott E and Zaremba Analise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2014
Sold by
Marquez Cesar L Robles
Bought by
Bermudez Israel

Purchase Details

Closed on
Jul 30, 2010
Sold by
Bermudez Ismael L
Bought by
Salazar Ismael Bermudez

Purchase Details

Closed on
Sep 18, 2006
Sold by
Salazar Ismael Bermudez
Bought by
Salazar Ismael Bermudez and Bermudez Ismael

Purchase Details

Closed on
Jul 10, 2001
Sold by
Jackson Michael R
Bought by
Salazar Ismael Bermudez and Cid Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,701
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1999
Sold by
Vassallo Kim A and Vassallo Kim
Bought by
Jackson Michael R
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
Kolla Family Living Trust $825,000 Pioneer Title Agency
4912 E Holly Llc -- Kierman Law Plc
Zaremba Scott E $630,000 Old Republic Title Agency
Bermudez Israel -- None Available
Salazar Ismael Bermudez -- None Available
Salazar Ismael Bermudez -- None Available
Salazar Ismael Bermudez $165,000 Grand Canyon Title Agency In
Jackson Michael R $167,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolla Family Living Trust $577,500
Previous Owner Zaremba Scott E $472,500
Previous Owner Salazar Ismael Bermudez $162,701
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $825,000 -8.2% $318 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $899,000 -8.3% $346 / Sq Ft
08/02/2024 08/02/24 For Sale $980,000 -- $378 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,787 $13,999 -- --
2024 $1,665 $13,333 -- --
2023 $1,665 $53,020 $10,600 $42,420
2022 $1,605 $41,360 $8,270 $33,090
2021 $1,632 $36,460 $7,290 $29,170
2020 $1,602 $31,270 $6,250 $25,020
2019 $1,596 $26,250 $5,250 $21,000
2018 $1,503 $21,930 $4,380 $17,550
2017 $1,440 $19,410 $3,880 $15,530
2016 $1,409 $16,350 $3,270 $13,080
2015 $1,322 $12,120 $2,420 $9,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6739507

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-18-015B