NOT LISTED FOR SALE

Estimated Value: $334,000 - $406,000

1 Bed
2 Baths
600 Sq Ft
$596/Sq Ft Est. Value

Last Sold June 26, 2017

Last sale price $160,000 $267 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,987/month

12 Days on Market

About This Home

As of June 2017

Tenants pay ALL utilities, make sure you update your cash flow template!
1 bed 1 bath units that are VERY durable. Both have solid plywood cabinets, tile and laminate flooring and washer and dryers.
Awesome rentals that are in high demand with rents that can be easily raised.
No inside viewings without executed contract, do not call and ask why.

Last Agent to Sell the Property

Jon Dzwonkoski

Greater Phoenix Management License #BR643387000 Listed on: 04/29/2017

Last Buyer's Agent

Victor Noriega De La Riva

eXp Realty License #SA654652000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $524

Year Built

  • Built in 1959

Lot Details

  • 6,490

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer
  • The owner pays for landscaping
  • Tax Lot 15
  • Assessor Parcel Number 137-29-015

Community Details

Overview

  • 2 Units
  • Building Dimensions are unknown
  • Bowen Tract Subdivision

Building Details

  • Operating Expense $4,289
  • Gross Income $12,871
  • Net Operating Income $8,581

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$524

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: CENTER AND UNIVERSITY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: unknown
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2016
  • Directions: Country Club to University, head east to drew, head north then stay left. property on left.
  • Road Surface Type: Concrete
  • Professional Management Expense: 1800.0
  • Subdivision Name: BOWEN TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other (See Remarks), >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Main Cooling Other: Yes

Schools

  • Junior High Dist: Out of Area

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 137-29-015

Multi Family

  • Owner Pays: Other, Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 12870.6
  • Insurance Expense: 525.0
  • Maintenance Expense: 1440.0
  • Property Net Operating Income: 8581.0
  • Annual Operating Expense: 4289.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 524.0
  • Tax Book Number: 137.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2017
Closed on
Jun 22, 2017
Sold by
Barr John R
Bought by
Morales Omar
Seller's Agent
Jon Dzwonkoski
Greater Phoenix Management
Buyer's Agent
Victor Noriega De La Riva
eXp Realty
List Price
$169,900
Sold Price
$160,000
Premium/Discount to List
-$9,900
-5.83%
Current Estimated Value
$357,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,861
Avg. Annual Appreciation
10.45%
Original Mortgage
$157,102
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 21, 2013
Sold by
Mst Drew Street West Llc
Bought by
Barr John R

Purchase Details

Listed on
May 7, 2012
Closed on
Oct 19, 2012
Sold by
Petrisko William
Bought by
Mst Drew Street West Llc
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Jon Dzwonkoski
Red Brick Realty, LLC
List Price
$89,000
Sold Price
$81,750
Premium/Discount to List
-$7,250
-8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.10%
Original Mortgage
$57,250
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2012
Closed on
Sep 5, 2012
Sold by
Famp Investments Llc
Bought by
Petrisko William
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Jon Dzwonkoski
Red Brick Realty, LLC
List Price
$89,000
Sold Price
$81,750
Premium/Discount to List
-$7,250
-8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,250
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2011
Sold by
Wasta Llc
Bought by
Famp Investments Llc

Purchase Details

Closed on
Mar 14, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Wasta Llc

Purchase Details

Closed on
Sep 7, 2010
Sold by
Rodriguez Julia
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 18, 2003
Sold by
Welch Larry L
Bought by
Rodriguez Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2002
Sold by
Welch Larry L
Bought by
Welch Larry L and Larry L Welch Revocable Trust
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
Morales Omar $160,000 American Title Service Agenc
Barr John R $110,000 Clear Title Agency Of Arizon
Mst Drew Street West Llc -- None Available
Petrisko William $79,000 Chicago Title Agency Inc
Famp Investments Llc $47,000 Pioneer Title Agency Inc
Wasta Llc $38,000 Great American Title Agency
Federal Home Loan Mortgage Corp $54,000 Great American Title
Rodriguez Julia $100,000 Fidelity National Title
Welch Larry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Omar $148,910
Closed Morales Omar $157,102
Previous Owner Petrisko William $57,250
Previous Owner Rodriguez Julia $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $160,000 -5.8% $267 / Sq Ft
06/12/2017 06/12/17 For Sale $169,900 0.0% $283 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $169,900 +107.8% $283 / Sq Ft
09/05/2012 09/05/12 Sold $81,750 -8.1% $127 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $89,000 -- $138 / 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 $621 $6,333 -- --
2024 $627 $6,031 -- --
2023 $627 $22,960 $4,590 $18,370
2022 $614 $16,830 $3,360 $13,470
2021 $621 $14,160 $2,830 $11,330
2020 $613 $12,680 $2,530 $10,150
2019 $573 $11,060 $2,210 $8,850
2018 $550 $10,000 $2,000 $8,000
2017 $533 $8,050 $1,610 $6,440
2016 $523 $7,200 $1,440 $5,760
2015 $492 $6,380 $1,270 $5,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597757

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-29-015