NOT LISTED FOR SALE

Estimated Value: $288,000 - $336,000

Studio
-- Baths
-- Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: November 10, 2016

Last sale price $185,000

Est. 55% increase in value since last sale

Current estimated payment $1,651 / mo

103 Days on Market

Highlights

  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2016

Almost 1/3 acre lot with 4 separate 2 BR 1 BA Units, fully rented with long term and short term leases. Tenants pay utilities...owner pays water. Ideal for an owner occupied or as an investment in one of the best Phoenix multifamily rental areas! Hurry...This one will not last long!

Last Agent to Sell the Property

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 06/06/2016

Coldwell Banker Realty

Last Buyer's Agent

Mauricio Leiva

North American Realty License #BR116816000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $670

Year Built

  • Built in 1958

Lot Details

  • 0.31

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Roosevelt Elementary School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Tax Lot 5
  • Assessor Parcel Number 113-50-005-B

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 0.31 acres
  • 4 Plex, 4 Buildings Subdivision

Building Details

  • Gross Income $24,000
  • Net Operating Income $23,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$670

Year Built

Built in 1958

Lot Details

0.31 Acres

Listing Details

  • Cross Street: Broadway and 9th street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: 4-PLEX, 4 Buildings
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • 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

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.31 acres
  • Additional Parcels: No
  • Parcel #: 113-50-005-B

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24000.0
  • Property Net Operating Income: 23483.0

Tax Info

  • Tax Annual Amount: 670.0
  • Tax Book Number: 113.00
  • Tax Lot: 5

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
Jun 6, 2016
Closed on
Nov 9, 2016
Sold by
Torres Veronica Estrada and Trujillo Omar Sotelo
Bought by
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Mauricio Leiva
North American Realty
List Price
$225,000
Sold Price
$185,000
Premium/Discount to List
-$40,000
-17.78%
Current Estimated Value
$287,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,131
Avg. Annual Appreciation
5.61%
Original Mortgage
$181,649
Outstanding Balance
$141,854
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$174,492

Purchase Details

Listed on
Jun 6, 2016
Closed on
Oct 5, 2016
Sold by
Khatchatrian Zara
Bought by
Trujillo Omar Sotelo
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Mauricio Leiva
North American Realty
List Price
$225,000
Sold Price
$185,000
Premium/Discount to List
-$40,000
-17.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Outstanding Balance
$141,854
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$174,492

Purchase Details

Listed on
Aug 6, 2013
Closed on
Jun 3, 2014
Sold by
Khatchatrian Vardan Johnny
Bought by
Khatchatrian Zara
Seller's Agent
Avril Hogan
ARC Real Estate
Buyer's Agent
Shane Peterlin
Century 21 Seago
List Price
$169,900
Sold Price
$100,000
Premium/Discount to List
-$69,900
-41.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.68%
Original Mortgage
$75,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2013
Closed on
Jun 2, 2014
Sold by
South Central Holdings Llc
Bought by
Khatchatrian Zara
Seller's Agent
Avril Hogan
ARC Real Estate
Buyer's Agent
Shane Peterlin
Century 21 Seago
List Price
$169,900
Sold Price
$100,000
Premium/Discount to List
-$69,900
-41.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2012
Sold by
Baldenegro Carlos A and Martinez Maria De Jesus
Bought by
Central Holdings Llc

Purchase Details

Closed on
Nov 4, 1997
Sold by
Katz Stephen P and Katz Sandra N
Bought by
Baldenegro Carlos A and Martinez Maria Dejesus
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
-- Driggs Title Agency Inc
Trujillo Omar Sotelo $185,000 Driggs Title Agency Inc
Khatchatrian Zara -- American Title Service Agenc
Khatchatrian Zara $100,000 American Title Service Agenc
Central Holdings Llc $52,061 None Available
Baldenegro Carlos A $60,000 Ati Title Agency
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
Open $181,649
Previous Owner Khatchatrian Zara $75,000
Previous Owner Khatchatrian Zara $75,000
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 Prior Sale
11/10/2016 11/10/16 Sold $185,000 -7.0% --
11/04/2016 11/04/16 Price Changed $199,000 0.0% --
09/17/2016 09/17/16 Pending -- -- --
08/18/2016 08/18/16 Price Changed $199,000 -2.9% --
07/26/2016 07/26/16 Price Changed $205,000 -8.9% --
06/06/2016 06/06/16 For Sale $225,000 +125.0% --
06/04/2014 06/04/14 Sold $100,000 -41.1% -- View Prior Sale
04/29/2014 04/29/14 Pending -- -- --
08/05/2013 08/05/13 For Sale $169,900 -- --
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 $799 $5,913
2024 $755 $5,632
2023 $755 $24,380 $4,870 $19,510
2022 $739 $17,730 $3,540 $14,190
2021 $763 $16,300 $3,260 $13,040
2020 $753 $15,860 $3,170 $12,690
2019 $728 $14,420 $2,880 $11,540
2018 $707 $11,870 $2,370 $9,500
2017 $659 $8,300 $1,660 $6,640
2016 $711 $8,130 $1,620 $6,510
2015 $670 $6,220 $1,240 $4,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5453532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-50-005B

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