NOT LISTED FOR SALE

Estimated Value: $407,773 - $1,009,000

Studio
-- Bath
2,660 Sq Ft
$307/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $580,000 $218 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,397/month

34 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of April 2017

Fully Renovated & Fully Occupied 8 Unit Income Property in a great East Phoenix location! Completely remodeled in 2008. At that time it was Re-Roofed, New Windows, Stuccoed, All New A/C Units, New Appliances, New Hot Water Tanks, New Electrical & More! Each unit is 2 Bed, 1 bath with 2 parking spaces and a storage room. Onsite laundry is coin operated and cash generating. Close to schools and 202 Freeway. Please do not disturb tenants. Drive by only. Viewing once an executed contract has been accepted and escrow has been opened. Two individually tax parceled 4plex buildings. Addresses are 5025 & 5035 E Holly Street Phx 85008

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 02/02/2017

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 02/02/2017

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1981

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Assigned Parking

Schools

  • Orangedale Junior High Prep Academy
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 126-21-042

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are rectangular
  • Deb Lin Villa Subdivision

Building Details

  • Operating Expense $14,036
  • Net Operating Income $41,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Thomas and 48 St.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: DEB-LIN VILLA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: 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:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1440.0
  • Annual Water Sewer Expense: 5400.0

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: rectangular
  • Additional Parcels: Yes
  • Parcel #: 126-21-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1560.0
  • Insurance Expense: 1550.0
  • Property Net Operating Income: 41960.0
  • Annual Operating Expense: 14036.0

Tax Info

  • Tax Annual Amount: 2886.0
  • Tax Book Number: 126.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2013
Closed on
Mar 27, 2014
Sold by
Lie Margaretha
Bought by
Pratama Agus
Seller's Agent
Kamberly Stoltz
DPR Realty LLC
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$414,700
Sold Price
$365,000
Premium/Discount to List
-$49,700
-11.98%
Current Estimated Value
$816,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,193
Avg. Annual Appreciation
7.05%
Original Mortgage
$136,875
Outstanding Balance
$103,618
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$712,575

Purchase Details

Closed on
Nov 18, 2012
Sold by
Flashover Investments Llc
Bought by
Backdraft Investments Llc

Purchase Details

Closed on
Oct 26, 2010
Sold by
Stoltz Joshua T and Stoltz Kamberly A
Bought by
Flashover Investments Llc

Purchase Details

Closed on
Dec 23, 2008
Sold by
Evans William D and Evans Karen M
Bought by
Stoltz Joshua T and Stoltz Kamberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2008
Sold by
Evans William Dwyne
Bought by
Evans William D and Evans Karen M

Purchase Details

Closed on
Mar 17, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Evans William Dwyne

Purchase Details

Closed on
Feb 28, 2008
Sold by
Evans Adrian Mikelle
Bought by
Evans William Dwyne

Purchase Details

Closed on
Aug 13, 2007
Sold by
Fagan John C
Bought by
Hsbc Bank Usa Na and Nomura Asset Acceptance Corp

Purchase Details

Closed on
Apr 7, 2005
Sold by
Knutson Andrew C
Bought by
Fagan John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2005
Sold by
Fagan Michelene K
Bought by
Fagan John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2003
Sold by
B R A T Investments Llc
Bought by
First American Title Ins Co

Purchase Details

Closed on
Oct 2, 2002
Sold by
Knutson Jennifer L
Bought by
Knutson Andrew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
6.17%

Purchase Details

Closed on
Jun 12, 2001
Sold by
B R A T Investments Llc
Bought by
Knutson Andrew C and Knutson Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,550
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 1998
Sold by
Jacobs David L and Jacobs Debora S
Bought by
B R A T Investments Llc

Purchase Details

Closed on
Apr 23, 1995
Sold by
Foster Thomas M and Foster Nancy L
Bought by
Jacobs David L and Jacobs Debora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.32%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pratama Agus -- Security Title Agency
Pratama Agus $182,500 Security Title Agency
Backdraft Investments Llc -- Security Title Agency
Backdraft Investments Llc -- None Available
Flashover Investments Llc -- None Available
Stoltz Joshua T $235,000 Security Title Agency
Evans William D -- None Available
Evans William Dwyne $92,000 First American Title Ins Co
Evans William Dwyne -- First American Title Ins Co
Hsbc Bank Usa Na $211,076 None Available
Fagan John C $255,000 Capital Title Agency Inc
Fagan John C -- Capital Title Agency Inc
First American Title Ins Co -- --
Knutson Andrew C -- North American Title Co
Knutson Andrew C $158,200 North American Title Agency
B R A T Investments Llc -- --
Jacobs David L $65,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Backdraft Investments Llc $136,875
Closed Pratama Agus $136,875
Previous Owner Stoltz Joshua T $175,000
Previous Owner Fagan John C $204,000
Previous Owner Knutson Andrew C $146,400
Previous Owner Knutson Andrew C $126,550
Previous Owner Jacobs David L $52,000
Closed Knutson Andrew C $15,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2017 04/07/17 Sold $580,000 -3.2% $218 / Sq Ft
03/23/2017 03/23/17 For Sale $599,000 0.0% $225 / Sq Ft
03/23/2017 03/23/17 Price Changed $599,000 0.0% $225 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $599,000 +64.1% $225 / Sq Ft
04/04/2014 04/04/14 Sold $365,000 -12.0% $137 / Sq Ft View Prior Sale
02/27/2014 02/27/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $414,700 -- $156 / 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 $1,852 $14,517 -- --
2024 $1,727 $13,825 -- --
2023 $1,727 $46,100 $7,720 $38,380
2022 $1,665 $35,130 $5,880 $29,250
2021 $1,693 $30,580 $5,120 $25,460
2020 $1,661 $26,160 $4,380 $21,780
2019 $1,655 $22,290 $3,730 $18,560
2018 $1,559 $18,690 $3,130 $15,560
2017 $1,493 $16,300 $2,730 $13,570
2016 $1,461 $16,470 $2,750 $13,720
2015 $1,371 $12,450 $2,490 $9,960
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5555665

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-21-042