NOT LISTED FOR SALE

Estimated Value: $548,374 - $1,063,000

-- Bed
-- Bath
2,412 Sq Ft
$349/Sq Ft Est. Value

Last Sold March 17, 2014

Last sale price $240,000 $100 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $4,863/month

124 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2014

BACK ON THE MARKET 1/28/2014 WONDERFUL TRI-PLEX IN THE CENTRAL CORRIDOR. THEY JUST DON'T COME ON THE MARKET AROUND HERE. THE LARGEST 2 BR 1 BA UNIT WOULD MAKE A GREAT OWNER OCCUPANT UNIT WITH IT'S LARGE PATIO.CURRENTLY OWNERS SON IS OCCUPYING BUT WOULD RENT FOR $750 OR MORE. OVER 1000 SQ FT. GREAT INVESTMENT! LIVE IN THIS ONE AND RENT THE OTHER TWO. THE OTHER 2 BR 1 BA UNIT IS APPROX 800 SQ FT AND THE TENANT IS ON A MO TO MO LEASE AND CURRENTLY PAYS $500 BUT HAS BEEN THERE OVER 8 YEARS. THE 1 BR UNIT IS ABOUT 600 SQ FT AND CURRENT TENANT IS PAYING $500 PER MO. THIS SHOULD BE $550 OR $600 AND ALL ON MO TO MO LEASES. THE PROPERTY WILL GO FHA. CANNOT BE SHOWN WITHOUT CONTRACT. LARGE IRRIGATED LOT.PRICE REDUCED $15,000 11/12/2013

Last Agent to Sell the Property

Bill Rimsza

Rimsza Realty License #BR023443000 Listed on: 10/20/2013

Last Buyer's Agent

Artur Ciesielski

HomeSmart License #SA527273000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,260

Year Built

  • Built in 1959

Lot Details

  • 10,803

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 161-09-045

Community Details

Overview

  • 3 Units
  • Building Dimensions are 84 X 127

Building Details

  • Operating Expense $5,660
  • Gross Income $22,230
  • Net Operating Income $17,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,260

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: BETHANY HOME ROAD AND 12TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2012
  • Directions: NORTH ON 12TH STREET TO ROSE LANE THEN WEST TO 14TH STREET NORTH ON 14TH TO PROPERTYS
  • Road Surface Type: Asphalt
  • Subdivision Name: UNKNOW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Lot Info

  • Lot Size: 84 X 127
  • Additional Parcels: No
  • Parcel #: 161-09-045

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 22230.0
  • Insurance Expense: 1680.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 17500.0
  • Annual Operating Expense: 5660.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1260.0
  • Tax Book Number: 161.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2013
Closed on
Feb 26, 2014
Sold by
Pine Rose Properties Llc
Bought by
Luecke Dale J
Seller's Agent
Bill Rimsza
Rimsza Realty
Buyer's Agent
Artur Ciesielski
HomeSmart
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Current Estimated Value
$842,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,094
Avg. Annual Appreciation
12.35%
Original Mortgage
$168,000
Outstanding Balance
$130,056
Interest Rate
4.29%
Mortgage Type
New Conventional
Estimated Equity
$774,239

Purchase Details

Closed on
May 20, 2003
Sold by
Morrison Gene C
Bought by
Pine Rose Properties Llc

Purchase Details

Closed on
Mar 11, 2003
Sold by
Morrison James A
Bought by
Morrison James A and Morrison Gene C
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
Luecke Dale J $240,000 Chicago Title Agency Inc
Pine Rose Properties Llc -- --
Pine Rose Properties Llc -- --
Morrison James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luecke Dale J $168,000
Previous Owner Pine Rose Properties Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2014 03/17/14 Sold $240,000 -9.4% $100 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
10/09/2013 10/09/13 For Sale $265,000 -- $110 / 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 $2,538 $19,922 -- --
2024 $2,408 $18,974 -- --
2023 $2,408 $56,350 $11,270 $45,080
2022 $2,236 $44,610 $8,920 $35,690
2021 $2,263 $39,320 $7,860 $31,460
2020 $2,228 $32,900 $6,580 $26,320
2019 $2,178 $27,700 $5,540 $22,160
2018 $2,124 $24,460 $4,890 $19,570
2017 $2,021 $21,860 $4,370 $17,490
2016 $1,950 $18,710 $3,740 $14,970
2015 $1,813 $17,770 $3,550 $14,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5017977

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-045