$105,000
SOLD NOV 9, 2012

6116 S Borego Rd Gold Canyon, AZ 85118

-- Bed
-- Bath
2,084 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

11% Below List Price

52 Days on Market

About This Home

As of December 2016

Great Investment opportunity with both units on 12 months lease. Rents could be increased at lease end. Each unit 2 BR, 1 BA, abt 1040 sq.ft. If needed live in one unit and have the other pay your mortgage. Great mountain views, close to Hwy 60, mountains, parks, hiking and shopping. Urgent Care facility nearby. Phoenix, airport, entertainment, hospitals just a short drive away. Tenants pay all utilities. Rents are low and could be raised. Inspection after accepted offer, however offer subject to inspection. No sign on property. Drive by only. Do not disturb tenants. Buyers to verify all measures and data. Please note this property is AS IS.

Last Agent to Sell the Property

Karin Schwatlo

Realty ONE Group License #BR511898000 Listed on: 07/24/2012

Last Buyer's Agent

Shannon Huey

DeLex Realty License #SA631892000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,928

Year Built

  • Built in 1997

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for water, cable TV
  • Tax Lot 294
  • Assessor Parcel Number 104-38-040

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0 acres
  • Golden Springs Subdivision

Building Details

  • Operating Expense $3,078
  • Net Operating Income $12,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,928

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Cross Street: La Palma and Borego
  • Legal Info Range: 09E
  • Property Type: Multiple Dwellings
  • Zoning: 0320
  • Number Of Buildings: 1
  • Year Built: 1997
  • Tax Year: 2011
  • Directions: Hwy 60 to N on Kings Ranch Rd., to E on Alhambra, to S on La Palma to end facing duplex on Borego
  • Road Surface Type: Asphalt
  • Subdivision Name: Golden Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Peralta Trail Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 0 acres
  • Additional Parcels: No
  • Parcel #: 104-38-040

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 400.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 12650.0
  • Annual Operating Expense: 3078.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1928.0
  • Tax Book Number: 104.00
  • Tax Lot: 294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2016
Closed on
Dec 1, 2016
Sold by
Macwhite Homws Llc
Bought by
Caffarella Chaucey A and Caffarella Frances A
Seller's Agent
Diane Hart
DeLex Realty
Buyer's Agent
Diane Hart
DeLex Realty
List Price
$189,900
Sold Price
$173,000
Premium/Discount to List
-$16,900
-8.9%
Current Estimated Value
$346,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,934
Avg. Annual Appreciation
8.22%

Purchase Details

Closed on
Apr 25, 2013
Sold by
White Scott C
Bought by
Macwhite Homes Llc

Purchase Details

Listed on
Jul 24, 2012
Closed on
Nov 2, 2012
Sold by
White Rani J
Bought by
White Scott C
Seller's Agent
Karin Schwatlo
Realty ONE Group
Buyer's Agent
Shannon Huey
DeLex Realty
List Price
$118,500
Sold Price
$105,000
Premium/Discount to List
-$13,500
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$68,250
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2012
Closed on
Sep 20, 2012
Sold by
Kessinger Duane W and Kessinger Ernestine R
Bought by
White Scott C
Seller's Agent
Karin Schwatlo
Realty ONE Group
Buyer's Agent
Shannon Huey
DeLex Realty
List Price
$118,500
Sold Price
$105,000
Premium/Discount to List
-$13,500
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,250
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Valdez Robert and Kessinger Ernestine R
Bought by
Kessinger Duane W and Kessinger Ernestine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2001
Sold by
Valdez Ernestine Rose
Bought by
Valdez Robert and Valdez Ernestine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,343
Interest Rate
10.69%

Purchase Details

Closed on
Jun 5, 1998
Sold by
Valdez Robert Zamora
Bought by
Valdez Ernestine Rose

Purchase Details

Closed on
Jul 23, 1997
Sold by
Babcock Ross E and Babcock Silke C
Bought by
Valdez Robert and Valdez Ernestine
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 Type Sale Price Title Company
Warranty Deed $173,000 First American Title Insuran
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $91,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Ticor Title Agency Of Az Inc
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- --
Joint Tenancy Deed $17,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $68,250 New Conventional
Previous Owner $75,000 New Conventional
Previous Owner $114,343 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Rented $845 -5.6% --
10/23/2019 10/23/19 For Rent $895 +11.9% --
03/01/2019 03/01/19 Rented $800 0.0% --
01/29/2019 01/29/19 For Rent $800 0.0% --
12/01/2016 12/01/16 Sold $173,000 -6.0% $83 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
10/05/2016 10/05/16 Price Changed $184,000 -3.1% $88 / Sq Ft
07/18/2016 07/18/16 For Sale $189,900 +80.9% $91 / Sq Ft
11/09/2012 11/09/12 Sold $105,000 -11.4% $50 / Sq Ft
09/14/2012 09/14/12 Pending -- -- --
07/24/2012 07/24/12 For Sale $118,500 -- $57 / 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 $1,425 $21,799 -- --
2024 $1,345 $22,419 -- --
2023 $1,402 $19,204 $6,346 $12,858
2022 $1,345 $11,401 $1,269 $10,132
2021 $1,370 $11,874 $0 $0
2020 $1,334 $12,195 $0 $0
2019 $1,280 $11,813 $0 $0
2018 $1,254 $11,784 $0 $0
2017 $1,221 $12,096 $0 $0
2016 $1,191 $12,466 $2,000 $10,466
2014 $1,128 $6,596 $700 $5,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4793347

Arizona Regional Multiple Listing Service (ARMLS)

APN: 104-38-040