NOT LISTED FOR SALE

Estimated Value: $755,007 - $887,000

1 Bed
4 Baths
3,500 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $380,000 $109 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $4,488/month

Highlights

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

About This Home

As of June 2017

This MultiFamily Triplex Located in Very Desirable 16th St & Rose Lane Terrace Neighborhood Minutes from the freeway, eateries, grocery stores and the Phoenix Mountain Preserve. Great Long Term Tenants - Do Not Disturb. Walk Through After Contract Acceptance.

Last Agent to Sell the Property

Bryan Vasquez

eXp Realty License #BR533332000 Listed on: 05/26/2017

eXp Realty

Last Buyer's Agent

Theresa Riffey

EPIC Home Realty License #SA568102000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,987

Year Built

  • Built in 1959

Lot Details

  • 9,060

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces

Schools

  • Madison Rose Lane Elementary School
  • Madison Heights Elementary Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 161-09-056

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 128.77 x 84.32
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $7,907
  • Gross Income $33,000
  • Net Operating Income $19,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,987

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Glendale & 16 Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: res
  • Number Of Buildings: 2
  • Year Built: 1959
  • Tax Year: 2016
  • Directions: North on 16th St to Rose Lane. Head West to 14th St. then North Property on Right Hand Side.
  • Road Surface Type: Asphalt
  • Subdivision Name: ROSE LANE TERRACE
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 600.0
  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Madison Rose Lane School
  • Middle Or Junior School: Madison Heights Elementary School

Lot Info

  • Lot Size: 128.77 x 84.32
  • Additional Parcels: No
  • Parcel #: 161-09-056

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 33000.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 1380.0
  • Property Net Operating Income: 19380.0
  • Annual Operating Expense: 7907.0

Tax Info

  • Tax Annual Amount: 1987.0
  • Tax Book Number: 161.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2017
Closed on
Aug 22, 2017
Sold by
Guido Joseph
Bought by
A & J Properties Of Arizona Llc
Seller's Agent
Bryan Vasquez
eXp Realty
Buyer's Agent
Theresa Riffey
EPIC Home Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Current Estimated Value
$809,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,002
Avg. Annual Appreciation
10.28%
Original Mortgage
$285,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Listed on
May 26, 2017
Closed on
Jun 29, 2017
Sold by
Guido Araceli
Bought by
Guido Joseph
Seller's Agent
Bryan Vasquez
eXp Realty
Buyer's Agent
Theresa Riffey
EPIC Home Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Listed on
May 26, 2017
Closed on
Jun 15, 2017
Sold by
Outland Timothy M and Carpenter Ronald D
Bought by
Guido Joseph
Seller's Agent
Bryan Vasquez
eXp Realty
Buyer's Agent
Theresa Riffey
EPIC Home Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2012
Sold by
Timsco Llc
Bought by
Outland Timothy M and Carpenter Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,125
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2010
Sold by
Outland Timothy M and Carpenter Ronald D
Bought by
Timsco Llc

Purchase Details

Closed on
Nov 3, 2004
Sold by
Mansky Robert N
Bought by
Outland Timothy M and Carpenter Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 1996
Sold by
Greenwood Julia E
Bought by
Mansky Robert N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.82%
Mortgage Type
Commercial
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
A & J Properties Of Arizona Llc -- None Available
Guido Joseph -- Empire West Title Agency
Guido Joseph $380,000 Empire West Title Agency
Outland Timothy M -- Security Title Agency
Timsco Llc -- None Available
Outland Timothy M $265,000 First American Title Ins Co
Mansky Robert N $140,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guido Joseph $285,000
Previous Owner Outland Timothy M $204,125
Previous Owner Outland Timothy M $208,000
Previous Owner Mansky Robert N $91,000
Closed Outland Timothy M $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $380,000 -5.0% $109 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $399,900 -- $114 / 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 $2,594 $20,458 -- --
2024 $2,473 $19,483 -- --
2023 $2,473 $58,830 $11,760 $47,070
2022 $2,278 $46,050 $9,210 $36,840
2021 $2,308 $40,550 $8,110 $32,440
2020 $2,271 $34,070 $6,810 $27,260
2019 $2,221 $28,830 $5,760 $23,070
2018 $2,165 $25,460 $5,090 $20,370
2017 $2,060 $22,900 $4,580 $18,320
2016 $1,987 $19,480 $3,890 $15,590
2015 $1,847 $18,620 $3,720 $14,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5610910

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-056