NOT LISTED FOR SALE
11 Beds
10 Baths
1,290 Sq Ft
1972 Built

Sale Details

Date Sold: December 12, 2023

Last sale price $1,250,000 $969 Per Sq Ft

56 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Sunnyslope High School Rated A
  • Vinyl Flooring

About This Home

As of December 2023

513 East Hatcher Road is of block construction and was originally built in 1958 with phase II being completed in 1972, the community features (9) 1-Bed / 1-Bath units along with (1) 2-bed / 1-bath unit. Of the (10) total units, (6) have been extensively renovated with the other (4) units providing the additional upside for the investor. All units feature a private patio and ample parking. The utilities on-site are master metered where an additional utility recapture can be implemented at the property. The renovated units feature shaker style cabinetry, kitchen backsplashes, quartz countertops, stainless steel appliance packages, vinyl-plank flooring, updated bathrooms, new plumbing, roof, ac units, windows and more.

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 08/08/2023

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 08/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,373

Year Built

  • Built in 1972

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Meter

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 159-46-051

Community Details

Overview

  • 3 Buildings
  • 10 Units
  • Building Dimensions are 138.71x150.74x138.70x150.31
  • Globa Subdivision

Building Details

  • Operating Expense $2,373
  • Gross Income $156,028
  • Net Operating Income $91,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,373

Year Built

Built in 1972

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: GLOBA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Master Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 138.71x150.74x138.70x150.31
  • Additional Parcels: No
  • Parcel #: 159-46-051

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 10
  • Annual Gross Income: 156028.0
  • Property Net Operating Income: 91202.0
  • Annual Operating Expense: 2373.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2373.0
  • Tax Block: 2
  • Tax Book Number: 159.00
  • Tax Lot: 1

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
Aug 8, 2023
Closed on
Dec 12, 2023
Sold by
Bought by
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
0.0779%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2020
Closed on
Mar 11, 2021
Sold by
Bought by
Seller's Agent
Mark Messner
Superlative Realty
Buyer's Agent
Lynn Janson
LIV AZ REALTY
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$750,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 10, 2020
Closed on
Mar 10, 2021
Sold by
Bought by
Seller's Agent
Mark Messner
Superlative Realty
Buyer's Agent
Lynn Janson
LIV AZ REALTY
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2019
Sold by
Bought by

Purchase Details

Closed on
May 17, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 1997
Sold by
Bought by
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

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
$1,250,000 Commonwealth Land Title
$1,000,000 Empire West Title Agency Llc
-- Empire West Title Agency Llc
-- None Available
-- None Available
-- None Available
-- --
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
Closed $775,000
Closed $741,819
Closed $750,000
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
12/12/2023 12/12/23 Sold $1,250,000 -16.7% $969 / Sq Ft
08/08/2023 08/08/23 For Sale $1,500,000 +50.0% $1,163 / Sq Ft
03/15/2021 03/15/21 Sold $1,000,000 -9.1% $775 / Sq Ft View Prior Sale
03/02/2021 03/02/21 For Sale $1,100,000 0.0% $853 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
04/09/2020 04/09/20 For Sale $1,100,000 -- $853 / Sq Ft
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 $2,664 $20,960 -- --
2024 $2,517 $19,962 -- --
2023 $2,517 $88,200 $17,640 $70,560
2022 $2,373 $61,330 $12,260 $49,070
2021 $2,409 $51,530 $10,300 $41,230
2020 $2,348 $44,850 $8,970 $35,880
2019 $2,305 $38,520 $7,700 $30,820
2018 $2,244 $31,850 $6,370 $25,480
2017 $2,233 $24,330 $4,860 $19,470
2016 $2,193 $23,300 $4,660 $18,640
2015 $2,031 $20,050 $4,010 $16,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6589716

Arizona Regional Multiple Listing Service (ARMLS)
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