NOT LISTED FOR SALE
8 Beds
7 Baths
1,175 Sq Ft
1952 Built

Sale Details

Date Sold: May 29, 2024

Last sale price $1,150,000 $979 Per Sq Ft

77 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of May 2024

100% OCCUPIED, 4917 + 4921 E. VIIRGINIA. GREAT LOCATION NEAR SCOTTSDALE IN A NICE RESIDENTIAL NEIGHBORHOOD. NEW ROOFS, NEW ASPHALT, MOST UNITS ARE REMODELED. NEWER A/C UNITS. 6 APATMENTS AND ONE SINGLE FAMILY HOME ON 1 LARGE LOT. APARTMENTS ARE SEPARATELY METERED FOR ELECTRIC AND GAS. HOUSE IS ALL ELECTRIC.

Last Agent to Sell the Property

Jett Manuelito

Real Broker License #SA704541000 Listed on: 02/15/2024

Real Broker

Last Buyer's Agent

Wendy Head

HomeSmart License #SA672189000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1952

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 126-17-016

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are irr
  • Orangedale Tract 11,13,14,15 Subdivision

Building Details

  • Operating Expense $6,159
  • Net Operating Income $77,828

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,595

Year Built

Built in 1952

Listing Details

  • Cross Street: E. THOMAS AND 52ND ST
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: ORANGEDALE TRACT 11,13,14,15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1092.0
  • Annual Water Sewer Expense: 972.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 126-17-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 7
  • Insurance Expense: 2500.0
  • Property Net Operating Income: 77828.0
  • Annual Operating Expense: 6159.0

Tax Info

  • Tax Annual Amount: 1595.0
  • Tax Book Number: 126.00
  • Tax Lot: 23

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
May 29, 2024
Sold by
Passariello Robert and Weightman Kelly
Bought by
Seller's Agent
Jett Manuelito
Real Broker
Buyer's Agent
Wendy Head
HomeSmart
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Views
21

Purchase Details

Closed on
Oct 16, 2012
Sold by
Kennedy Michael and Kennedy Cyrell
Bought by
Passariello Robert and Weightman Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,838
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2005
Sold by
Kennedy Michael
Bought by
Kennedy Michael and Kennedy Cyrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2005
Sold by
Banchik Gregory B and Schneiderman Robert F
Bought by
Hickey Richard J and Hickey Lynne
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 Fidelity National Title Agency
Passariello Robert $161,500 Security Title Agency
Kennedy Michael -- Ticor Title Co Of California
Hickey Richard J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $146,838
Previous Owner Kennedy Michael $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $1,150,000 -4.1% $979 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $1,199,000 -4.1% $1,020 / Sq Ft
02/17/2024 02/17/24 Price Changed $1,250,000 -7.4% $1,064 / Sq Ft
02/15/2024 02/15/24 For Sale $1,350,000 -- $1,149 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,711 $13,405
2024 $1,595 $12,766
2023 $1,595 $57,830 $11,560 $46,270
2022 $1,537 $43,900 $8,780 $35,120
2021 $1,563 $38,070 $7,610 $30,460
2020 $1,534 $33,310 $6,660 $26,650
2019 $1,528 $29,130 $5,820 $23,310
2018 $1,440 $22,220 $4,440 $17,780
2017 $1,379 $20,020 $4,000 $16,020
2016 $1,349 $15,750 $3,150 $12,600
2015 $1,266 $12,310 $2,460 $9,850
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6664191

Arizona Regional Multiple Listing Service (ARMLS)
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