NOT LISTED FOR SALE

Estimated Value: $555,000 - $646,000

-- Bed
1 Bath
1,153 Sq Ft
$520/Sq Ft Est. Value

Last Sold July 25, 2018

Last sale price $339,250 $294 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,405/month

8 Days on Market

Highlights

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

About This Home

As of July 2018

Amazing location in the Madison School District and minutes away from some of Phoenix's best restaurants. This will be easy to keep rented with the highly desired area. Main home is 2 bedroom/1 with indoor laundry area. 2 fenced yard areas on both sides of the home. Large studio rented for 900 a month. Separate electric panels, each have private yards and low maintenance landscaping.

Last Agent to Sell the Property

Shelina Mandalia

Phoenix Urban Spaces License #SA656874000 Listed on: 06/15/2018

Last Buyer's Agent

Doreen Coutelin

Better Homes & Gardens Real Estate SJ Fowler License #SA652895000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,030

Year Built

  • Built in 1949

Lot Details

  • 9,540

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Madison Rose Lane Elementary School
  • Madison Park Middle School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 162-17-025

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 9559
  • Smith Place Blk 1, 2, 4, 5 Subdivision

Building Details

  • Operating Expense $5,655
  • Gross Income $25,080
  • Net Operating Income $25,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,030

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: Colter and 12th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: UNKNOWN
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2017
  • Directions: North of Camelback between 7th Street and 12th Street
  • Road Surface Type: Asphalt
  • Subdivision Name: SMITH PLACE BLK 1, 2, 4, 5
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Natural Gas: Yes

Fee Information

  • Trash Expense: 625.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Madison Rose Lane School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Park School

Lot Info

  • Lot Size: 9559
  • Additional Parcels: No
  • Parcel #: 162-17-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 25080.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 25080.0
  • Annual Operating Expense: 5655.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2030.0
  • Tax Block: 2
  • Tax Book Number: 162.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Jul 18, 2018
Sold by
Seigler Jennifer
Bought by
Crsc Residential Inc
Seller's Agent
Shelina Mandalia
Phoenix Urban Spaces
Buyer's Agent
Doreen Coutelin
Better Homes & Gardens Real Estate SJ Fowler
List Price
$349,000
Sold Price
$339,250
Premium/Discount to List
-$9,750
-2.79%
Current Estimated Value
$599,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,333
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Mar 11, 2016
Closed on
May 25, 2016
Sold by
Barnett Chris and Barnett Christine G
Bought by
Seigler Jennifer
Seller's Agent
Dale Douglas
New Perspective Realty
Buyer's Agent
Craig Morton
A.Z. & Associates
List Price
$279,000
Sold Price
$260,000
Premium/Discount to List
-$19,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
Original Mortgage
$250,381
Interest Rate
4.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Crsc Residential Inc $339,250 Stewart Title & Trust Of Pho
Seigler Jennifer $260,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seigler Jennifer $250,381
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2018 07/25/18 Sold $339,250 -2.8% $294 / Sq Ft
06/15/2018 06/15/18 For Sale $349,000 +34.2% $303 / Sq Ft
05/31/2016 05/31/16 Sold $260,000 -1.7% $173 / Sq Ft
04/23/2016 04/23/16 Pending -- -- --
04/08/2016 04/08/16 Price Changed $264,500 -5.2% $176 / Sq Ft
03/11/2016 03/11/16 For Sale $279,000 -- $186 / 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 $2,714 $21,851 -- --
2024 $2,641 $20,810 -- --
2023 $2,641 $39,710 $7,940 $31,770
2022 $2,563 $31,010 $6,200 $24,810
2021 $2,585 $27,270 $5,450 $21,820
2020 $2,544 $25,860 $5,170 $20,690
2019 $2,488 $23,770 $4,750 $19,020
2018 $2,139 $20,770 $4,150 $16,620
2017 $2,031 $19,460 $3,890 $15,570
2016 $1,676 $18,130 $3,620 $14,510
2015 $1,560 $16,310 $3,260 $13,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5780963

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-17-025