$352,000
SOLD JUN 27, 2014
-- Bed
-- Bath
3,248 Sq Ft
0.28 Acres

Recently Sold

$108 Per Sq Ft

14% Above List Price

243 Days on Market

About This Home

As of June 2014

Back on the Market!! Short Sale!! Short Sale!! Short Sale!! Two Adjacent Fourplexs (527 & 533 S. Olive), Single Level, All Large 2 Bedroom Units, Individual Backyards, Residential Financing Available Easy Keeper, All Figures Performa not actual. All facts and figures approximate buyer to verify to their satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 07/17/2013

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Howard Rudin

West USA Realty License #SA527947000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,668

Year Built

  • Built in 1982

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 24
  • Assessor Parcel Number 139-23-083-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 0
  • Lynwood Tract Subdivision

Building Details

  • Operating Expense $18,268
  • Gross Income $47,880
  • Net Operating Income $29,612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,668

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Horne & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1982
  • Tax Year: 2012
  • Directions: West on Broadway. South on S Olive. Property on east side of Olive.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 3000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: Lynwood Tract
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C, Heat Pump, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 6000.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: Yes
  • Parcel #: 139-23-083-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 47880.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 29612.0
  • Annual Operating Expense: 18268.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1668.0
  • Tax Book Number: 139.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2019
Sold by
Mecagni Anna
Bought by
Olive Ventures Llc
Current Estimated Value
$625,388

Purchase Details

Closed on
Sep 25, 2018
Sold by
Olive Ventures Llc
Bought by
Mecagni Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2014
Closed on
Jun 24, 2014
Sold by
Barros Margaret Y and Barros Hope Marvin V
Bought by
Allessandro Anna D and Mecagni Anna
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$165,000
Sold Price
$176,000
Premium/Discount to List
$11,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%

Purchase Details

Closed on
Aug 12, 2005
Sold by
Hernandez Marcella
Bought by
Barros Hope Marvin and Barros Margaret Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2004
Sold by
Sutton Leslie Neil and Sutton Mary Noel
Bought by
Hernandez Marcella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 2, 1999
Sold by
Bellerose John A and Bellerose Carol C
Bought by
Sutton Leslie Neil and Sutton Mary Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,950
Interest Rate
6.76%
Mortgage Type
Trade

Purchase Details

Closed on
Jun 9, 1998
Sold by
Belle Villas Llc
Bought by
Bellerose John A and Bellerose Carol C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.17%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Cash Sale Deed $176,000 Stewart Title & Trust
Warranty Deed $325,000 --
Warranty Deed $265,000 Fidelity National Title
Warranty Deed $152,200 Security Title Agency
Warranty Deed -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,000 New Conventional
Previous Owner $227,500 Purchase Money Mortgage
Previous Owner $53,000 Credit Line Revolving
Previous Owner $185,500 New Conventional
Previous Owner $135,000 Unknown
Previous Owner $136,950 Trade
Previous Owner $103,500 No Value Available
Previous Owner $66,453 FHA
Closed $48,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2014 06/27/14 Sold $352,000 +100.0% $108 / Sq Ft
06/27/2014 06/27/14 Sold $176,000 +6.7% $54 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
03/17/2014 03/17/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $165,000 -46.7% $51 / Sq Ft
07/17/2013 07/17/13 For Sale $309,800 -- $95 / 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 $1,501 $15,296 -- --
2024 $1,514 $14,567 -- --
2023 $1,514 $52,350 $10,470 $41,880
2022 $1,482 $36,050 $7,210 $28,840
2021 $1,501 $28,430 $5,680 $22,750
2020 $1,481 $25,560 $5,110 $20,450
2019 $1,384 $20,710 $4,140 $16,570
2018 $1,328 $18,920 $3,780 $15,140
2017 $1,288 $16,660 $3,330 $13,330
2016 $1,264 $15,770 $3,150 $12,620
2015 $1,188 $13,620 $2,720 $10,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4968923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-083A