$650,000
SOLD AUG 15, 2014

602 E Townley Ave Phoenix, AZ 85020

North Central Neighborhood
-- Bed
-- Bath
1,200 Sq Ft
0.35 Acres

Recently Sold

$542 Per Sq Ft

4% Below List Price

16 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of January 2018

Great unit mix with 12 two bedrooms and 6 one bedrooms. Property has undergone recent renovations to include new roof over laundry room, all new security doors, three tone exterior paint, new stucco, exterior lighting on all sides of the building for security, many plumbing repairs, all new window screens, all A/C units were serviced and some replaced as needed, some new water heaters, and many other repairs and improvements. Well located in North Central Phoenix. Within a mile from John C Lincoln Hospital and Sunnyslope High School. Easy access to SR51. Walking distance to major bus routes

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 05/13/2014

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,822

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Stucco

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 160-49-122

Community Details

Overview

  • 18 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $35,036
  • Gross Income $93,305
  • Net Operating Income $58,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,822

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 7th Street/Northern
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2013
  • Directions: North to Townley, west to property on the north side of the street
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5988.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1176.0
  • Annual Water Sewer Expense: 5705.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 160-49-122

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 18
  • Annual Gross Income: 93304.8
  • Insurance Expense: 3545.0
  • Maintenance Expense: 10800.0
  • Property Net Operating Income: 58268.0
  • Annual Operating Expense: 35036.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2822.0
  • Tax Book Number: 160.00
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2018 05/10/18 Rented $599 +8.9% --
05/04/2018 05/04/18 Rented $550 0.0% --
05/01/2018 05/01/18 For Rent $550 0.0% --
03/26/2018 03/26/18 Rented $550 -8.2% --
03/16/2018 03/16/18 Price Changed $599 +20.0% $1 / Sq Ft
03/16/2018 03/16/18 Price Changed $499 -13.8% $1 / Sq Ft
03/09/2018 03/09/18 For Rent $579 -14.7% --
02/26/2018 02/26/18 Price Changed $679 -2.9% $1 / Sq Ft
01/21/2018 01/21/18 For Rent $699 0.0% --
01/05/2018 01/05/18 Sold $1,090,000 -9.1% $908 / Sq Ft
11/01/2017 11/01/17 For Sale $1,199,000 +84.5% $999 / Sq Ft
08/15/2014 08/15/14 Sold $650,000 -3.7% $542 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $675,000 +80.0% $563 / Sq Ft
02/06/2014 02/06/14 Sold $375,000 -16.5% $313 / Sq Ft
01/14/2014 01/14/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $449,000 -- $374 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lisa Richardson

    Seller's Agent in 2018

    Lisa Richardson

    ROI Asset Management Solutions

    (602) 770-8063

    1 in this area

    13 Total Sales

    Lisa Richardson
    Section Image
  • Brian Gaffney

    Seller's Agent in 2018

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    7 in this area

    24 Total Sales

    Brian Gaffney
    Section Image
  • Stephen Lins

    Seller Co-Listing Agent in 2018

    Stephen Lins

    ROI Asset Management Solutions

    (602) 300-0753

    1 in this area

    11 Total Sales

    Stephen Lins
    Section Image

  • S

    Buyer's Agent in 2018

    Steve Dearien

    HomeSmart

    Section Image

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5114704

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

602 E Townley Ave, Phoenix, AZ

This home is located at 602 E Townley Ave, Phoenix, AZ 85020 and is currently priced at $650,000, approximately $541 per square foot. This property was built in 1983. 602 E Townley Ave is a home located in Maricopa County with nearby schools including Desert View Elementary School, Royal Palm Middle School, and Sunnyslope High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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