NOT LISTED FOR SALE

616 E 2nd St Casa Grande, AZ 85122

Estimated Value: $194,000 - $291,000

-- Bed
3 Baths
716 Sq Ft
$327/Sq Ft Est. Value

Last Sold March 03, 2016

Last sale price $85,000 $119 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $1,277/month

227 Days on Market

About This Home

As of March 2016

Fell out of Escrow and Drastically Reduced! Seller wants it sold. Bring all offers. An amazing investment opportunity. This building has recently been completely painted, front landscaping, and decorative fence around the front. In the heart of Casa Grande, close to shopping, dining, or relax at the park. Units feature interior laundry rooms with washer and dryer hook up. 2 bedrooms, bathroom, living room and eat in kitchen. Building would be perfect for employee housing.

Last Agent to Sell the Property

Dustin Hintz

Keller Williams Realty Sonoran Living License #SA643885000 Listed on: 07/22/2015

Keller Williams Realty Sonoran Living

Last Buyer's Agent

David Schlagel

ROX Real Estate License #SA637465000

ROX Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 1964

Lot Details

  • 6,011

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, sewer
  • Legal Lot and Block 12 / 4
  • Assessor Parcel Number 507-06-031

Community Details

Overview

  • 3 Units
  • Building Dimensions are 120X50
  • Myers Addition 4 Subdivision

Building Details

  • Operating Expense $5,669
  • Gross Income $5,705
  • Net Operating Income $6,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$744

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Florence Blvd & E. Cameron
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: RR
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1296.0
  • Subdivision Name: MYERS ADDITION 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Evaporative Cooling
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 926.0
  • Annual Water Sewer Expense: 926.0

Lot Info

  • Lot Size: 120X50
  • Additional Parcels: No
  • Parcel #: 507-06-031

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water
  • Number Of Units Total: 3
  • Annual Gross Income: 5704.75
  • Insurance Expense: 827.0
  • Maintenance Expense: 950.0
  • Property Net Operating Income: 6005.0
  • Annual Operating Expense: 5669.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 744.0
  • Tax Block: 4
  • Tax Book Number: 507.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Scott John P and Scott Talitha
Bought by
Primo S R E Investments Inc
Current Estimated Value
$233,939

Purchase Details

Closed on
Mar 30, 2017
Sold by
Scott John D
Bought by
Scott John D and Scott Talitha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,750
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2016
Sold by
616 2Nd Llc
Bought by
Scott John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
3.61%

Purchase Details

Listed on
Jul 22, 2015
Closed on
Feb 27, 2016
Sold by
Scott Talitha N and Scott John D
Bought by
Scott John D
Seller's Agent
Dustin Hintz
Keller Williams Realty Sonoran Living
Buyer's Agent
David Schlagel
ROX Real Estate
List Price
$114,900
Sold Price
$85,000
Premium/Discount to List
-$29,900
-26.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%

Purchase Details

Closed on
Jan 11, 2013
Sold by
Munoz Karen
Bought by
Sarah Kelley Llc

Purchase Details

Closed on
Jan 7, 2013
Sold by
Sarah Kelley Llc
Bought by
616 2Nd Llc

Purchase Details

Closed on
Jun 14, 2005
Sold by
Rowland Jack C
Bought by
Munoz Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.5%
Mortgage Type
New Conventional
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
Primo S R E Investments Inc $200,000 Encore Title Agency
Scott John D -- Greystone Title Agency
Scott John -- --
Scott John D -- Title Security Agency Llc
Scott John D $85,000 Title Security Agency Llc
Sarah Kelley Llc $37,000 First Arizona Title Agency
616 2Nd Llc $57,000 First Arizona Title Agency
Munoz Karen $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott John D $85,750
Previous Owner Scott John $59,500
Previous Owner Scott John --
Previous Owner Munoz Karen $96,000
Closed Munoz Karen $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2016 03/03/16 Sold $85,000 -26.0% $119 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
07/07/2015 07/07/15 For Sale $114,900 -- $160 / 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 $623 $7,051 -- --
2024 $626 $7,088 -- --
2023 $636 $5,739 $0 $0
2022 $626 $4,651 $600 $4,051
2021 $688 $4,644 $0 $0
2020 $686 $4,654 $0 $0
2019 $655 $4,502 $0 $0
2018 $649 $4,393 $0 $0
2017 $633 $4,030 $0 $0
2016 $769 $4,838 $600 $4,238
2014 $744 $4,839 $600 $4,239
Source: Public Records

Agents Affiliated with this Home

  • Dustin Hintz

    Seller's Agent in 2016

    Dustin Hintz

    Keller Williams Realty Sonoran Living

    (480) 371-4042

    21 in this area

    202 Total Sales

    Dustin Hintz
    Section Image

  • D

    Buyer's Agent in 2016

    David Schlagel

    ROX Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5310731

Arizona Regional Multiple Listing Service (ARMLS)

APN: 507-06-031

Arizona Pinal County Casa Grande 85122

616 E 2nd St, Casa Grande, AZ

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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