NOT LISTED FOR SALE

Estimated Value: $897,995 - $998,000

-- Bed
-- Bath
2,428 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $870,000 $358 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,115/month

21 Days on Market

Highlights

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

About This Home

As of August 2022

All units recently updated. Exterior painted 2022, roof replaced 2017, new carport roof 2019 & all windows replaced 2017. Unit #1 (1 bed/ 1 bath) AC/heating unit replaced 2017. New flooring installed throughout & kitchen remodeled 2018. Paint & drywall repairs 2022. Unit #2 (2 bed/1bath) New flooring installed throughout, new refrigerator & stove, interior paint & drywall repairs & updates to bathroom 2022. AC/heating unit replaced 2021. Unit #3 (2 bed/1 bath) Flooring replaced throughout 2019, A/C/heating replaced 2017, kitchen remodeled & new kitchen appliances 2016, & bathroom remodeled 2016. Common area laundry room added 2015. Units 3 is currently vacant with great income potential. Units 1 & 2 are occupied with month-to-month tenants Excellent opportunity for investor or owner to live in one unit & rent out the other two units. Each unit has covered parking spot & storage unit. Excellent location with trendy restaurants, shops, schools & easy access to freeway. Prospective buyers to verify all facts, figures & features.

Last Agent to Sell the Property

Jessie Saavedra

HomeSmart License #SA568676000 Listed on: 06/17/2022

HomeSmart

Co-Listed By

Bruce Adams

HomeSmart License #SA647582000

Last Buyer's Agent

Gina Tartamella

Coldwell Banker Realty License #SA554212000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • Madison Rose Lane Elementary School
  • Madison Meadows Middle School
  • North High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 161-11-032

Community Details

Overview

  • 3 Units
  • Building Dimensions are 127 x 85
  • Rose Lane Manor Subdivision

Building Details

  • Operating Expense $8,056
  • Gross Income $58,800
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,356

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 12th St and Bethany Home
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Road Surface Type: Concrete
  • Co List Office Mls Id: cril11
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: ROSE LANE MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2398.0

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: 127 x 85
  • Additional Parcels: No
  • Parcel #: 161-11-032

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 58800.0
  • Insurance Expense: 911.0
  • Maintenance Expense: 670.0
  • Property Net Operating Income: 58800.0
  • Annual Operating Expense: 8056.0

Tax Info

  • Tax Annual Amount: 2356.0
  • Tax Book Number: 161.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 12, 2022
Sold by
Brown Robert M and Brown Heather
Bought by
Dang Jacqueline and Martinez Rebecca A
Seller's Agent
Jessie Saavedra
HomeSmart
Buyer's Agent
Gina Tartamella
Coldwell Banker Realty
List Price
$959,000
Sold Price
$870,000
Premium/Discount to List
-$89,000
-9.28%
Views
1
Current Estimated Value
$928,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,749
Avg. Annual Appreciation
3.02%

Purchase Details

Closed on
Jul 30, 2015
Sold by
Brown Robert and Estate Of Bonnie Brown
Bought by
Robert Brown and Robert Sandra Stamo

Purchase Details

Closed on
Mar 10, 2000
Sold by
Schouten Beverly A and Burger Thomas L
Bought by
Brown Bonnie J

Purchase Details

Closed on
Oct 2, 1997
Sold by
Burger Julietta M
Bought by
Burger Julietta M and The Julietta M Burger Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Dang Jacqueline $870,000 Equity Title
Robert Brown -- None Available
Brown Bonnie J -- --
Burger Julietta M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $870,000 -9.3% $358 / Sq Ft
08/19/2022 08/19/22 Price Changed $959,000 0.0% $395 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $959,000 -- $395 / 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 $2,518 $19,914 -- --
2024 $2,452 $18,966 -- --
2023 $2,452 $56,670 $11,330 $45,340
2022 $2,335 $44,700 $8,940 $35,760
2021 $2,356 $39,370 $7,870 $31,500
2020 $2,319 $32,960 $6,590 $26,370
2019 $2,268 $27,810 $5,560 $22,250
2018 $2,212 $24,560 $4,910 $19,650
2017 $2,108 $22,010 $4,400 $17,610
2016 $2,035 $18,780 $3,750 $15,030
2015 $1,890 $17,880 $3,570 $14,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6419077

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-11-032