NOT LISTED FOR SALE

5326 W Turney Ave Phoenix, AZ 85031

Estimated Value: $576,645 - $773,000

1 Bed
-- Bath
4,322 Sq Ft
$152/Sq Ft Est. Value

Last Sold June 23, 2017

Last sale price $270,000 $62 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,491/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of June 2017

Fully Leased four units, immediate cash flow, with a 7.7 cap Rate. One unit is a 3 bedroom 2 bath, 2 car garage, 1300 sq ft, two units are 2 bedroom 2 bath one car garage 975 sq.ft.and one unit is 2 bedroom, 1 bath, one car garage. Laundry hook ups in the garages, New roof installed in 2015 with 10-yr transferable warranty', three of the units have been remodeled in 2015, One of the units has a new air conditioner, Close to schools, shopping and the freeway.

Last Agent to Sell the Property

Leonard Saavedra

Keller Williams Realty East Valley License #SA639257000 Listed on: 05/15/2017

Co-Listed By

Bryan Beseler

Keller Williams Realty East Valley License #SA669194000

Last Buyer's Agent

Christine Holwell

Realty ONE Group License #SA546685000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,482

Year Built

  • Built in 1973

Lot Details

  • 8,581

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Schools

  • Cartwright Elementary School
  • Desert Sands Middle School
  • Maryvale High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 144-44-054

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8584
  • Parkway Village Subdivision

Building Details

  • Operating Expense $13,071
  • Gross Income $33,175
  • Net Operating Income $20,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,482

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 51st Avenue & Camelback Rd.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwevt01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: PARKWAY VILLAGE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: >1 Space Per Unit, 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Cartwright School
  • 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: 8584
  • Additional Parcels: No
  • Parcel #: 144-44-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33174.96
  • Insurance Expense: 1090.0
  • Maintenance Expense: 3679.0
  • Property Net Operating Income: 20750.0
  • Annual Operating Expense: 13071.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2482.0
  • Tax Book Number: 144.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2018
Sold by
Nguyen Hieu and Nguyen Thanh Hien
Bought by
Parkway Village Estates Homeowners Assn
Current Estimated Value
$612,622

Purchase Details

Listed on
May 15, 2017
Closed on
Jun 20, 2017
Sold by
Azar Marc and Azar Marc
Bought by
Nguyen Hieu and Nguyen Thanh Hien
Seller's Agent
Leonard Saavedra
Keller Williams Realty East Valley
Buyer's Agent
Christine Holwell
Realty ONE Group
List Price
$269,900
Sold Price
$270,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.34%
Original Mortgage
$202,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2015
Closed on
Feb 2, 2015
Sold by
Straight Brian W and Straight Nora
Bought by
Azar Marc
Seller's Agent
Keith Lasch
Fathom Realty Elite
Buyer's Agent
Leonard Saavedra
Keller Williams Realty East Valley
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.72%
Original Mortgage
$98,000
Interest Rate
3.6%
Mortgage Type
Trade

Purchase Details

Closed on
Sep 21, 2011
Sold by
Blackwell David
Bought by
Straight Brian W and Straight Nora

Purchase Details

Closed on
Feb 24, 2011
Sold by
Lott Denise R
Bought by
Lott David

Purchase Details

Closed on
Feb 15, 2011
Sold by
Federal National Mortgage Association
Bought by
Lott David

Purchase Details

Closed on
Jan 7, 2010
Sold by
Byrne Anya and Hogan Phillip
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 30, 2004
Sold by
5326 West Llc
Bought by
Byrne Anya and Hogan Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2003
Sold by
Bookspan Richard A and Bookspan Susan H
Bought by
5326 West Llc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Federal National Mortgage Association
Bought by
Bookspan Richard A and Bookspan Susan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,850
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2003
Sold by
Swangpholkrang Sudchai
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 13, 2001
Sold by
Kwee Peter
Bought by
Swangpholkrang Sunchai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2001
Sold by
Pacific Capital Mtg Inc
Bought by
Kwee Peter

Purchase Details

Closed on
Apr 5, 2001
Sold by
Kwee Peter
Bought by
Pacific Capital Mtg Inc

Purchase Details

Closed on
May 10, 2000
Sold by
Day Susan A
Bought by
Kwee Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,475
Interest Rate
8.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 1998
Sold by
Day Susan A
Bought by
Day Susan A and Day Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,500
Interest Rate
6.91%
Source: Public Records

Range of Values:

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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
Parkway Village Estates Homeowners Assn -- None Available
Nguyen Hieu $270,000 Magnus Title
Azar Marc $140,000 Security Title Agency
Straight Brian W -- None Available
Lott David -- Fidelity Natl Title Ins Co
Lott David $109,101 Lsi Title
Federal National Mortgage Association $245,134 Stewart Title
Byrne Anya $295,000 Fidelity National Title
5326 West Llc -- --
Bookspan Richard A -- Lawyers Title Insurance Corp
Federal National Mortgage Association $184,019 --
Swangpholkrang Sunchai $213,000 Old Republic Title Agency
Kwee Peter -- --
Pacific Capital Mtg Inc $210,000 --
Kwee Peter $173,500 Arizona Title Agency Inc
Day Susan A -- --
Day Susan A -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Hieu $202,500
Previous Owner Azar Marc $98,000
Previous Owner Byrne Anya $236,000
Previous Owner Bookspan Richard A $154,850
Previous Owner Swangpholkrang Sunchai $170,400
Previous Owner Kwee Peter $147,475
Previous Owner Day Susan A $60,500
Closed Kwee Peter $17,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2017 06/23/17 Sold $270,000 0.0% $62 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $269,900 +92.8% $62 / Sq Ft
02/27/2015 02/27/15 Sold $140,000 -12.4% $32 / Sq Ft
01/18/2015 01/18/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $159,900 -- $37 / 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 $2,915 $17,125 -- --
2024 $2,980 $16,309 -- --
2023 $2,980 $42,860 $8,570 $34,290
2022 $2,810 $30,950 $6,190 $24,760
2021 $2,845 $28,350 $5,670 $22,680
2020 $2,696 $24,510 $4,900 $19,610
2019 $2,580 $21,200 $4,240 $16,960
2018 $2,683 $19,580 $3,910 $15,670
2017 $2,595 $18,300 $3,660 $14,640
2016 $2,482 $16,070 $3,210 $12,860
2015 $2,315 $15,650 $3,130 $12,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5605860

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-44-054