NOT LISTED FOR SALE

52 N Morrison Ave Casa Grande, AZ 85122

Estimated Value: $88,566 - $240,000

-- Bed
1 Bath
480 Sq Ft
$309/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $57,500 $120 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $800/month

393 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Heating Available

About This Home

As of July 2016

*** SELLER WILL FINANCE FOR FULL 30 YEARS! NO BALLOON! *** See attached document for financing details. Duplex with 2 1-bedroom 1-bathroom units, one renting for $369/month and the other $389/month. Huge rental demand in this price range! PLEASE DO NOT DISTURB TENANTS. WRITE OFFER
SUBJECT TO INTERIOR INSPECTION.

Last Agent to Sell the Property

Nate Tanner

Geneva Real Estate and Investments License #SA585104000 Listed on: 06/19/2015

Last Buyer's Agent

Michael Nguyen

Realty ONE Group License #SA656629000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $301

Year Built

  • Built in 1946

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for sewer
  • Tax Lot 2
  • Assessor Parcel Number 507-06-079

Community Details

Overview

  • 2 Units
  • Building Dimensions are .16
  • Myers 1St Addition Subdivision

Building Details

  • Operating Expense $1,958
  • Gross Income $7,957
  • Net Operating Income $5,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$301

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: Florence Blvd & Trekell
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: res
  • Number Of Buildings: 1
  • Year Built: 1946
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: MYERS 1ST ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise, Individual Meter
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: .16
  • Additional Parcels: No
  • Parcel #: 507-06-079

Multi Family

  • Owner Pays: Sewer
  • Tenant Pays: Water
  • Number Of Units Total: 2
  • Annual Gross Income: 7957.2
  • Insurance Expense: 402.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 5223.0
  • Annual Operating Expense: 1957.8
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 301.0
  • Tax Book Number: 507.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2015
Closed on
Jul 27, 2016
Sold by
Lht Casa Grande Morrison Llc
Bought by
Ly Chau G
Seller's Agent
Nate Tanner
Geneva Real Estate and Investments
Buyer's Agent
Michael Nguyen
Realty ONE Group
List Price
$64,900
Sold Price
$57,500
Premium/Discount to List
-$7,400
-11.4%
Current Estimated Value
$148,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,642
Avg. Annual Appreciation
10.77%

Purchase Details

Listed on
Mar 1, 2013
Closed on
Apr 26, 2013
Sold by
Los Hermanos Tanner Llc
Bought by
Lht Casa Grande Morrison Llc
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nate Tanner
Geneva Real Estate and Investments
List Price
$37,500
Sold Price
$36,000
Premium/Discount to List
-$1,500
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.15%
Original Mortgage
$15,463
Interest Rate
3.54%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 1, 2013
Closed on
Mar 12, 2013
Sold by
East Phoenix Management Llc
Bought by
Los Hermanos Tanner Llc
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nate Tanner
Geneva Real Estate and Investments
List Price
$37,500
Sold Price
$36,000
Premium/Discount to List
-$1,500
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,463
Interest Rate
3.54%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 1, 2013
Closed on
Feb 22, 2013
Sold by
Garcia Tomasa M
Bought by
East Phoenix Management Llc
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nate Tanner
Geneva Real Estate and Investments
List Price
$37,500
Sold Price
$36,000
Premium/Discount to List
-$1,500
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,463
Interest Rate
3.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 4, 2012
Sold by
Lawrence Charles G and Lawrence Barbara A
Bought by
East Phoenix Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
3.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 7, 2011
Sold by
Fannie Mae
Bought by
Lawrence Charles G and Lawrence Barbara A

Purchase Details

Closed on
Jul 21, 2011
Sold by
Mata Rudy and Mata Rodolfo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 20, 1998
Sold by
Seefeld Leroy P and Sanders Charlotte I
Bought by
Mata Rudy and Mata Josie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
6.6%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ly Chau G -- Accommodation
Lht Casa Grande Morrison Llc -- None Available
Los Hermanos Tanner Llc $36,000 Lawyers Title Of Arizona Inc
East Phoenix Management Llc -- None Available
East Phoenix Management Llc $21,000 Lawyers Title Of Arizona Inc
Lawrence Charles G $19,000 Title Security Agency
Federal National Mortgage Association $10,100 Accommodation
Mata Rudy $17,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Los Hermanos Tanner Llc $15,463
Previous Owner East Phoenix Management Llc $16,000
Previous Owner Mata Rudy $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2016 07/29/16 Sold $57,500 -11.4% $120 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $64,900 0.0% $135 / Sq Ft
07/06/2016 07/06/16 Price Changed $64,900 0.0% $135 / Sq Ft
06/19/2016 06/19/16 For Sale $64,900 +12.9% $135 / Sq Ft
06/19/2016 06/19/16 Off Market $57,500 -- --
06/15/2016 06/15/16 Pending -- -- --
06/18/2015 06/18/15 For Sale $74,900 +108.1% $156 / Sq Ft
04/04/2013 04/04/13 Sold $36,000 -4.0% $75 / Sq Ft View Prior Sale
03/07/2013 03/07/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $37,500 -- $78 / 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 $289 $3,225 -- --
2024 $291 $3,256 -- --
2023 $295 $2,719 $700 $2,019
2022 $291 $2,425 $700 $1,725
2021 $304 $2,455 $0 $0
2020 $289 $1,957 $0 $0
2019 $289 $1,957 $0 $0
2018 $300 $1,957 $0 $0
2017 $307 $1,957 $0 $0
2016 $311 $1,957 $700 $1,257
2014 $301 $1,958 $700 $1,258
Source: Public Records

Agents Affiliated with this Home

  • Nate Tanner

    Seller's Agent in 2016

    Nate Tanner

    Geneva Real Estate and Investments

    (602) 405-2586

    2 in this area

    71 Total Sales

    Nate Tanner
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Nguyen

    Realty One Group

    Section Image
  • David Gudmundsen

    Seller's Agent in 2013

    David Gudmundsen

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 830-2552

    2 in this area

    43 Total Sales

    David Gudmundsen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5296025

Arizona Regional Multiple Listing Service (ARMLS)

APN: 507-06-079

Arizona Pinal County Casa Grande 85122

52 N Morrison Ave, Casa Grande, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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