NOT LISTED FOR SALE

Estimated Value: $417,000 - $665,000

2 Beds
-- Bath
2,287 Sq Ft
$245/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $107,000 $47 Per Sq Ft

Est. 423% increase in value since last sale

Current estimated payment $3,073/month

60 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of May 2014

Solid investment! Block construction, all two bedroom units and 100% occupied! This is Turn Key!!! Newer HVACs and HWTs, Slab granite countertops, new roof in 2011, and tile floors through out! Two units have small rear yards. Rents are low at $425 - should be $495 or higher! Lots of upside! Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 02/06/2014

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Mauri Freedle

Real Estate Brokers Intl License #SA649607000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $857

Year Built

  • Built in 1962

Lot Details

  • 8,407

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 153-28-043

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $6,257
  • Gross Income $16,038
  • Net Operating Income $9,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$857

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Camelback/27th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2014
  • Directions: North to Medlock, West to 28th Drive, North to property on East side of street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 153-28-043

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 16038.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 9781.0
  • Annual Operating Expense: 6257.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 857.0
  • Tax Book Number: 153.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2021
Sold by
R E G Llc
Bought by
Vcs Lah Llc
Current Estimated Value
$559,893

Purchase Details

Closed on
Oct 1, 2019
Sold by
Hawk Sp Llc
Bought by
Reg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 6, 2014
Closed on
May 23, 2014
Sold by
Hampton Brandon
Bought by
Hampton Lisa
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mauri Freedle
Real Estate Brokers Intl
List Price
$119,000
Sold Price
$107,000
Premium/Discount to List
-$12,000
-10.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.68%
Original Mortgage
$80,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2014
Closed on
May 5, 2014
Sold by
Dietz Paul
Bought by
Hampton Lisa
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mauri Freedle
Real Estate Brokers Intl
List Price
$119,000
Sold Price
$107,000
Premium/Discount to List
-$12,000
-10.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2011
Sold by
Cook Dietz Christine
Bought by
Dietz Paul

Purchase Details

Closed on
Jun 17, 2009
Sold by
Paying Cash For Houses Com Llc
Bought by
Savala Oscar

Purchase Details

Closed on
Jun 15, 2009
Sold by
Franklin Management Group Llc
Bought by
Paying Cash For Houses Com Llc

Purchase Details

Closed on
Jun 3, 2009
Sold by
The Bank Of New York Mellon
Bought by
Franklin Management Group Llc

Purchase Details

Closed on
Sep 2, 2008
Sold by
Rodriguez Willie
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Jul 8, 2005
Sold by
Zamely Ahmed Al
Bought by
Rodriguez Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2004
Sold by
Al Zameli Mousa H
Bought by
Alzamely Ahmed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,095
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2003
Sold by
Shahir Anaam
Bought by
Al Zameli Mousa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,711
Interest Rate
5.82%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2001
Sold by
Seng Salim
Bought by
Al Zameli Mousa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,034
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 1998
Sold by
Warren Cynthia M
Bought by
Seng Salim and Kuon Heng Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
7.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 1995
Sold by
Heffelman Richard D
Bought by
Warren Cynthia M
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
Vcs Lah Llc $407,000 First American Title
Reg Llc $310,000 First American Title Ins Co
Hawk Sp Llc -- First American Title Ins Co
Hampton Lisa -- Chicago Title Agency Inc
Hampton Lisa $107,000 Chicago Title Agency Inc
Dietz Paul -- First American Title Ins Co
Dietz Paul $72,000 First American Title Ins Co
Savala Oscar $60,000 Magnus Title Agency
Paying Cash For Houses Com Llc $47,000 Magnus Title Agency
Franklin Management Group Llc $45,000 Great American Title Agency
The Bank Of New York Trust Co Na $155,400 Great American Title Agency
Rodriguez Willie $225,000 Chicago Title Insurance Co
Alzamely Ahmed $187,084 Fidelity National Title
Al Zameli Mousa H -- Fidelity National Title
Al Zameli Mousa H $109,000 Security Title Agency
Seng Salim $78,000 North American Title Agency
Seng Salim $78,000 North American Title Agency
Warren Cynthia M $130,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reg Llc $310,000
Previous Owner Hampton Lisa $80,250
Previous Owner Hampton Lisa $80,250
Previous Owner Rodriguez Willie $180,000
Previous Owner Alzamely Ahmed $185,095
Previous Owner Al Zameli Mousa H $132,711
Previous Owner Al Zameli Mousa H $108,034
Previous Owner Seng Salim $70,200
Closed Rodriguez Willie $33,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2014 05/23/14 Sold $107,000 -10.1% $47 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $119,000 -- $52 / 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 $1,260 $8,774 -- --
2024 $1,266 $8,356 -- --
2023 $1,266 $29,400 $5,880 $23,520
2022 $1,247 $22,810 $4,560 $18,250
2021 $1,259 $20,920 $4,180 $16,740
2020 $1,210 $18,100 $3,620 $14,480
2019 $1,195 $15,180 $3,030 $12,150
2018 $1,103 $13,680 $2,730 $10,950
2017 $1,089 $11,850 $2,370 $9,480
2016 $1,044 $9,770 $1,950 $7,820
2015 $988 $8,350 $1,670 $6,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5065810

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-28-043