NOT LISTED FOR SALE

Estimated Value: $771,561 - $1,228,000

2 Beds
-- Bath
3,340 Sq Ft
$285/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2016

Last sale price $344,950 $103 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $5,240 / mo

11 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2016

Well kept, easy to rent fourplex. New roof and interior upgrades! All 2 bedroom 1 bath units. Excellent street with major curb appeal! Easy access to city transportation, airport and both the 202, 51 and 101! Laundry provides extra income. Fully rented. Must be sold with 5135 E. Oak, MLS #5447896.

Last Agent to Sell the Property

Marla Wicks

Better Homes & Gardens Real Estate SJ Fowler License #SA535997000 Listed on: 05/24/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

Patrick O'Sullivan

Get Multifamily License #BR634211000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,564

Year Built

  • Built in 1969

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 126-21-025

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $5,500
  • Gross Income $386
  • Net Operating Income $26,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,564

Year Built

Built in 1969

Lot Details

9,932 Sq Ft Lot

Listing Details

  • Cross Street: 52nd Street and Oak
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: capc01
  • Co List Office Phone: 480-409-1429
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 331.0
  • Trash Expense: 582.5
  • Annual Water Sewer Expense: 1461.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 126-21-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 238.0
  • Annual Gross Income: 386.06
  • Insurance Expense: 1271.0
  • Property Net Operating Income: 26831.5
  • Annual Operating Expense: 5499.5
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1564.0
  • Tax Book Number: 126.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Jul 20, 2016
Sold by
Levan Kathleen
Bought by
Johnson Jay A
Seller's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$344,950
Sold Price
$344,950
Current Estimated Value
$940,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$595,379
Avg. Annual Appreciation
11.04%
Original Mortgage
$256,838
Outstanding Balance
$204,769
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$745,621

Purchase Details

Closed on
Jul 26, 2005
Sold by
Rodgers Carmen
Bought by
Johnson Jay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 11, 2005
Sold by
Alsbury Robert
Bought by
Rodgers Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,900
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2002
Sold by
Markos Nina
Bought by
Alsbury Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,400
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2001
Sold by
Wirsing Dennis N
Bought by
Markos Nina

Purchase Details

Closed on
Jan 6, 1998
Sold by
Del Oro Conservatory For Classical Arts
Bought by
Wirsing Dennis N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1996
Sold by
Dethomasis Antonio and Augurusa Francesco
Bought by
Medina Ramos R and Vargas Medina Maruja
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

Date Buyer Sale Price Title Company
Johnson Jay A -- Chicago Title Agency Inc
Levan Steven J $342,450 Chicago Title Agency Inc
Johnson Jay A $680,000 --
Rodgers Carmen $289,900 Guaranty Title Agency
Alsbury Robert $240,500 First American Title Ins Co
Markos Nina $173,000 Equity Title Agency Inc
Wirsing Dennis N $120,000 Grand Canyon Title Agency In
Del Oro Conservation For Classical Arts $120,000 Grand Canyon Title Agency In
Medina Ramos R -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levan Steven J $256,838
Previous Owner Johnson Jay A $272,000
Previous Owner Rodgers Carmen $231,900
Previous Owner Alsbury Robert $192,400
Previous Owner Wirsing Dennis N $96,000
Closed Wirsing Dennis N $12,000
Closed Alsbury Robert $48,100
Closed Rodgers Carmen $57,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $344,950 0.0% $103 / Sq Ft
05/24/2016 05/24/16 For Sale $344,950 -- $103 / 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 $2,113 $16,556 -- --
2024 $1,969 $15,768 -- --
2023 $1,969 $61,980 $12,390 $49,590
2022 $1,899 $48,230 $9,640 $38,590
2021 $1,930 $41,900 $8,380 $33,520
2020 $1,895 $36,230 $7,240 $28,990
2019 $1,887 $31,020 $6,200 $24,820
2018 $1,778 $26,080 $5,210 $20,870
2017 $1,703 $23,020 $4,600 $18,420
2016 $1,666 $19,380 $3,870 $15,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5447864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-21-025A

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