NOT LISTED FOR SALE

Estimated Value: $1,118,000 - $1,464,000

-- Bed
-- Bath
2,123 Sq Ft
$608/Sq Ft Est. Value

Last Sold April 26, 2013

Last sale price $230,000 $108 Per Sq Ft

Est. 461% increase in value since last sale

Current estimated payment $7,112/month

50 Days on Market

Highlights

  • Cooling Available
  • Madison Richard Simis School Rated A-
  • Heating Available

About This Home

As of April 2013

***MUST BE PURCHASED WITH ADJACENT PROPERTERY AT 602 E SAN JUAN***These eight very unique and beautiful units sit at the heart of
Phoenix's Central Corridor. A quick drive through this neighborhood
will be enough to impress and excite you about this property. Each
unit has different tile flooring, large bedrooms, and backyard access to
a secure on site cash flowing laundry. Garages, covered and plenty of
uncovered parking represent increased income potential and enhanced
tenant loyalty.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 12/04/2012

Coldwell Banker Commercial Realty

Co-Listed By

Jon Dzwonkoski

Red Brick Realty, LLC License #BR643387000

Last Buyer's Agent

Justin Bland

Better Homes & Gardens Real Estate SJ Fowler License #SA529935000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,130

Year Built

  • Built in 1948

Lot Details

  • 9,583

Home Design

  • Tile Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 162-35-010

Community Details

Overview

  • 4 Units
  • Building Dimensions are unk

Building Details

  • Operating Expense $2,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,130

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Missouri and 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2012
  • Directions: North on 7th Street to San Juan - West to property
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • 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
  • Exterior Amenities:Partially Fenced: Yes

Lot Info

  • Lot Size: unk
  • Additional Parcels: No
  • Parcel #: 162-35-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 2130.0

Tax Info

  • Tax Annual Amount: 2130.0
  • Tax Book Number: 162.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2012
Closed on
Apr 18, 2013
Sold by
Lgp Phoenix Ii Llc
Bought by
San Juan 9 Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Justin Bland
Better Homes & Gardens Real Estate SJ Fowler
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%
Current Estimated Value
$1,291,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,061,000
Avg. Annual Appreciation
14.87%
Original Mortgage
$280,000
Outstanding Balance
$200,148
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,090,852

Purchase Details

Closed on
Jun 29, 2011
Sold by
Isaac Bros Properties Llc
Bought by
Lgp Phoenix 11 Llc

Purchase Details

Closed on
Aug 3, 2007
Sold by
Issacci Farrokh and Itzhaki Noam
Bought by
Isaac Bros Properties Llc

Purchase Details

Closed on
Nov 15, 2006
Sold by
Issacci Shalva
Bought by
Issacci Farrokh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,625
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 1999
Sold by
Borton Mark L
Bought by
Bourne Ruby Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.68%
Mortgage Type
New Conventional
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
San Juan 9 Llc $230,000 Lawyers Title Of Arizona Inc
Lgp Phoenix 11 Llc $139,900 American Title Service Agenc
Isaac Bros Properties Llc -- None Available
Issacci Farrokh -- Equity Title Agency Inc
Issacci Farrokh $427,500 Equity Title Agency Inc
Bourne Ruby Jean $130,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open San Juan 9 Llc $280,000
Previous Owner Issacci Farrokh $320,625
Previous Owner Bourne Ruby Jean $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2013 04/26/13 Sold $230,000 -3.8% $108 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $239,000 -- $113 / 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 $3,206 $25,812 -- --
2024 $3,120 $24,583 -- --
2023 $3,120 $54,720 $10,940 $43,780
2022 $3,027 $41,480 $8,290 $33,190
2021 $3,053 $40,880 $8,170 $32,710
2020 $3,006 $34,630 $6,920 $27,710
2019 $2,940 $29,720 $5,940 $23,780
2018 $2,867 $27,000 $5,400 $21,600
2017 $2,732 $25,150 $5,030 $20,120
2016 $2,638 $22,760 $4,550 $18,210
2015 $2,450 $20,460 $4,090 $16,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4858324

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-35-010