NOT LISTED FOR SALE

Estimated Value: $712,816

Studio
1 Bath
732 Sq Ft
$974/Sq Ft Est. Value

Sale Details

Date Sold: October 26, 2018

Last sale price $928,000 $1,268 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $4,142 / mo

8 Days on Market

About This Home

As of October 2018

Casa Oro consists of 7 units, all two bedrooms with 5 two-bed / one-bath and 2 two-bed / two-bath floorplans. Each residence has its own private storage unit. The property also features two separate laundry rooms for additional income. Units are all individually metered for electricity and have been well maintained over the years. Given the location and unit mix, this property is constantly fully occupied. The interiors are in good condition, but offer a great value-add opportunity through modernization / updating and adding washer / dryers. This property offers a buyer a unique opportunity to add value through bringing the rents up to market rate and continue to maintain / operate it, or do substantial upgrades and really push rents to a level that this submarket would support.

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 09/06/2018

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,193

Year Built

  • Built in 1971

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, landscaping
  • Assessor Parcel Number 162-06-062-E

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 254.32x157.83

Building Details

  • Operating Expense $19,791
  • Gross Income $86,036
  • Net Operating Income $59,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,193

Year Built

Built in 1971

Lot Details

8,973 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6023.0
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick Veneer, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 5950.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 254.32x157.83
  • Additional Parcels: Yes
  • Parcel #: 162-06-062-E

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 7
  • Annual Gross Income: 86036.16
  • Insurance Expense: 1750.0
  • Property Net Operating Income: 59463.0
  • Annual Operating Expense: 19791.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 2193.0
  • Tax Book Number: 162.00
  • Tax Lot: N/A

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Oct 24, 2018
Sold by
Bought by
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$928,000
Sold Price
$928,000
Current Estimated Value
$712,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$215,184
Avg. Annual Appreciation
-3.32%
Original Mortgage
$270,000
Outstanding Balance
$232,118
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$480,698

Purchase Details

Listed on
Aug 20, 2013
Closed on
Nov 1, 2013
Sold by
Bought by
Seller's Agent
Chadwick Devries
Rowe & DeVries Real Estate Services, LLC
Buyer's Agent
Sergei Perkovskii
Gold Trust Realty
List Price
$205,000
Sold Price
$190,000
Premium/Discount to List
-$15,000
-7.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.59%
Original Mortgage
$132,750
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2000
Sold by
Bought by

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
8.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$397,714 Commonwealth Land Title Insu
$177,000 Lawyers Title Of Arizona Inc
-- Arizona Title Agency Inc
-- Arizona Title Agency Inc
$150,000 First American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $270,000
Previous Owner $132,750
Previous Owner $139,000
Previous Owner $135,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2018 10/26/18 Sold $928,000 0.0% $1,268 / Sq Ft
10/16/2018 10/16/18 Price Changed $928,000 0.0% $1,268 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $928,000 +388.4% $1,268 / Sq Ft
11/08/2013 11/08/13 Sold $190,000 -7.3% $260 / Sq Ft View Prior Sale
09/12/2013 09/12/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $205,000 -- $280 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,699 $20,716
2024 $2,504 $19,730
2023 $2,504 $56,130 $11,220 $44,910
2022 $2,429 $45,200 $9,040 $36,160
2021 $2,450 $39,050 $7,810 $31,240
2020 $2,412 $32,880 $6,570 $26,310
2019 $2,359 $28,300 $5,660 $22,640
2018 $2,301 $25,160 $5,030 $20,130
2017 $2,193 $22,280 $4,450 $17,830
2016 $2,117 $19,080 $3,810 $15,270
2015 $1,966 $18,170 $3,630 $14,540
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5816667

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-06-062E

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