NOT LISTED FOR SALE

Estimated Value: $543,624 - $671,000

13 Beds
-- Bath
1,935 Sq Ft
$324/Sq Ft Est. Value

Last Sold January 20, 2021

Last sale price $425,000 $220 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,393/month

2 Days on Market

Highlights

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

About This Home

As of January 2021

Fully Remodeled Triplex . All 2BR unit and a 1BR units located off 52nd Street & McDowell, surrounded by a robust collection of Central Phoenix & Scottsdale's high-profile employers. Positioned less than one mile from the Gateway + Airport employment corridors, residents will have immediate access to a dense professional
core comprised of industries including aviation, high-tech manufacturing, and financial services. The 49th & Willetta location also offers exceptional connectivity to the bevy of hip boutique eateries permeating the affluent Arcadia neighborhood to the north .

Last Agent to Sell the Property

Craig Young

REI Marketing License #BR107286000 Listed on: 12/15/2020

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $791

Year Built

  • Built in 1960

Lot Details

  • 8,712

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 25
  • Assessor Parcel Number 125-13-069

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr

Building Details

  • Operating Expense $791
  • Gross Income $34,200
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$791

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: McDonald & 52nd St
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2020
  • Road Surface Type: Treated, Sidewalk(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 125-13-069

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 34200.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 791.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 791.0
  • Tax Book Number: 125.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2020
Closed on
Feb 8, 2021
Sold by
Noh Hansang and Kim Joohyun
Bought by
Willetta Set Llc
Seller's Agent
Craig Young
REI Marketing
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$641,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,082
Avg. Annual Appreciation
8.06%
Original Mortgage
$318,750
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2020
Closed on
Dec 24, 2020
Sold by
East Willetta St Llc
Bought by
Noh Hansang and Kim Joohyun
Seller's Agent
Craig Young
REI Marketing
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2019
Sold by
Pwe Llc
Bought by
East Willetta St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2017
Sold by
Pjjg L L C
Bought by
Pwe L L C

Purchase Details

Closed on
Apr 24, 1994
Sold by
Wardon Financial Corp
Bought by
Case John H and Case Georgia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
8.1%
Mortgage Type
Assumption
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
Willetta Set Llc -- Accommodation
Noh Hansang $425,000 Premier Title Agency
East Willetta St Llc $658,000 Chicago Title Agency Inc
Pwe L L C -- First American Title Insuran
Case John H $53,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noh Hansang $318,750
Previous Owner East Willetta St Llc $493,500
Previous Owner Case John H $46,500
Closed Case John H $1,590
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2021 01/20/21 Sold $425,000 0.0% $220 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
12/13/2020 12/13/20 For Sale $425,000 -- $220 / 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 $882 $6,914 -- --
2024 $822 $6,585 -- --
2023 $822 $33,150 $6,630 $26,520
2022 $793 $20,980 $4,190 $16,790
2021 $806 $18,870 $3,770 $15,100
2020 $791 $16,480 $3,290 $13,190
2019 $788 $14,600 $2,920 $11,680
2018 $743 $12,330 $2,460 $9,870
2017 $711 $11,070 $2,210 $8,860
2016 $696 $7,920 $1,580 $6,340
2015 $653 $6,270 $1,250 $5,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6171379

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-13-069