NOT LISTED FOR SALE

5301 W Campbell Ave Phoenix, AZ 85031

Estimated Value: $618,000 - $701,000

4 Beds
-- Bath
4,322 Sq Ft
$150/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $577,000 $134 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,558/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2021

Fully occupied four-plex in Parkway Village is now for sale! Built in 1973 and completely remodeled in 2011 with all new appliances and fixtures, ceramic tile floors and paint. The exterior was also painted and landscaped with desert landscaping. **CORRECTION - the upper West side of roof, the shingles were replaced** Most currently the shingle part of the roof was replaced in 2020 and the tile part of the roof where the A/C's are mounted are tile and was replaced in 2017. Plumbing and electric are copper. This complex has private garages for each unit with washer/dryer hookups. The first floor units have a private patio/backyard and the second floor units have covered balconies. -**CLICK MORE This property consists of (1) 3-Bedroom, 2 bath 1300sf. (2) 2- Bedroom, 2 Bath 1060sf and (1) 2-Bedroom, 1 Bath unit 902sf. Walking distance to Maryvale Hospital, schools, Maryvale Park and the community center. The area offers easy access to multiple employment opportunities, retail and major transportation arteries. Currently all but one tenant have water, sewer, trash built into their monthly payments. Very strong rental area. Improvements - **October 2017 Tile Roof. **July 2018 Water heater in unit 1 and patio deck rehab. **October 2018 Unit 4 Air Conditioner. **June 2019 Unit 1 Garage Door. **March 2020 Unit 2 a new dishwasher and refrigerator. **June 2020 Shingle Roof. **April 2021 unit 2 Water Heater. **April 2021 Unit 4 Water Heater. **September 2021 Unit 4 Refrigerator.

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 10/20/2021

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Michael Gordon

Get Multifamily License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Tile Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • John F. Long Elementary School
  • Desert Sands Middle School
  • Maryvale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection
  • Tax Lot 9
  • Assessor Parcel Number 144-44-055

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7562 sq ft (0.17 acre)
  • Parkway Village Subdivision

Building Details

  • Operating Expense $16,162
  • Gross Income $42,625
  • Net Operating Income $26,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,662

Year Built

Built in 1973

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 51st Ave & Camelback
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3228.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, W/D Hookup

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4728.0

Schools

  • Elementary School: John F. Long
  • High School: Maryvale High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Desert Sands Middle School

Lot Info

  • Lot Size: 7562 sq ft (0.17 acre)
  • Additional Parcels: No
  • Parcel #: 144-44-055

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, See Remarks
  • Tenant Pays: Electricity, Gas, Cable TV, See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 42625.44
  • Insurance Expense: 1884.0
  • Property Net Operating Income: 26892.0
  • Annual Operating Expense: 16162.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 2662.0
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2022
Sold by
Vinay Bandla
Bought by
Desert Real Estate Llc
Current Estimated Value
$647,145

Purchase Details

Closed on
Mar 31, 2022
Sold by
Vinay Bandla
Bought by
Desert Real Estate Llc

Purchase Details

Listed on
Oct 20, 2021
Closed on
Nov 4, 2021
Sold by
Feldman J Samuel and Jsf Cr Trust
Bought by
Bandla Vinay
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$569,900
Sold Price
$577,000
Premium/Discount to List
$7,100
1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.69%

Purchase Details

Listed on
Oct 20, 2021
Closed on
Oct 12, 2021
Sold by
Feldman J Samuel
Bought by
Feldman J Samuel and Jsf Cr Trust
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$569,900
Sold Price
$577,000
Premium/Discount to List
$7,100
1.25%

Purchase Details

Closed on
Mar 27, 2018
Sold by
Feldman J Samuel and Feldman Family Trust
Bought by
Parkway Village Estates Homeowners Assoc

Purchase Details

Closed on
Jan 10, 2013
Sold by
Feldman Jan L
Bought by
Feldman J Samuel

Purchase Details

Closed on
Jan 8, 2013
Sold by
Feldman J Samuel
Bought by
Feldman J Samuel and Feldman Family Trust

Purchase Details

Closed on
Feb 2, 2012
Sold by
Feldman Jan Louise
Bought by
Feldman J Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2012
Sold by
Pkk Investments Llc
Bought by
Feldman J Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2011
Sold by
Wsnp Investments Llc
Bought by
Pkk Investments Llc

Purchase Details

Closed on
May 17, 2011
Sold by
Quiroz Juvenal
Bought by
Canadian Investors Associates

Purchase Details

Closed on
Apr 26, 2011
Sold by
Canadian Investors Associates Llc
Bought by
Wsnp Investments Llc

Purchase Details

Closed on
Dec 22, 2006
Sold by
Quiroz Leonor
Bought by
Quiroz Juvenal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2006
Sold by
Panse Tyler and Panse Nancy
Bought by
Quiroz Juvanal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2005
Sold by
Harrelson Fk Joe
Bought by
Baxter David and Panse Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,750
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 1997
Sold by
Green Christiana M
Bought by
Harrelson K Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
7.74%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Desert Real Estate Llc -- Hatch Levi
Desert Real Estate Llc -- Hatch Levi
Desert Real Estate Llc -- Hatch Levi
Bandla Vinay $577,000 American Title Svc Agcy Llc
Feldman J Samuel -- None Available
Feldman J Samuel -- None Available
Parkway Village Estates Homeowners Assoc -- None Available
Feldman J Samuel -- None Available
Feldman J Samuel -- None Available
Feldman J Samuel -- Chicago Title Agency Inc
Feldman J Samuel $169,000 Chicago Title Agency Inc
Pkk Investments Llc $120,000 Chicago Title
Canadian Investors Associates $90,000 None Available
Wsnp Investments Llc -- None Available
Quiroz Juvenal -- Camelback Title Agency Llc
Quiroz Juvanal $385,000 Camelback Title Agency Llc
Baxter David $335,000 Fidelity National Title
Harrelson K Joe $114,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feldman J Samuel $126,750
Previous Owner Quiroz Juvenal $308,000
Previous Owner Baxter David $217,750
Previous Owner Harrelson K Joe $91,200
Closed Baxter David $83,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2021 11/08/21 Sold $577,000 +1.2% $134 / Sq Ft
10/20/2021 10/20/21 For Sale $569,900 -- $132 / 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 $2,804 $16,022 -- --
2024 $2,788 $15,259 -- --
2023 $2,788 $40,420 $8,080 $32,340
2022 $2,629 $29,720 $5,940 $23,780
2021 $2,662 $26,870 $5,370 $21,500
2020 $2,522 $23,120 $4,620 $18,500
2019 $2,414 $20,220 $4,040 $16,180
2018 $2,510 $18,710 $3,740 $14,970
2017 $2,427 $17,350 $3,470 $13,880
2016 $2,322 $15,160 $3,030 $12,130
2015 $2,166 $14,810 $2,960 $11,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6309999

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-055

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