NOT LISTED FOR SALE

Estimated Value: $942,000 - $1,038,000

-- Bed
3 Baths
1,977 Sq Ft
$508/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $910,000 $460 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,853/month

2 Days on Market

Highlights

  • 4 Car Attached Garage
  • Multiple cooling system units
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Multiple Heating Units

About This Home

As of June 2021

Rare to the market triplex in Uptown Phoenix. Buy it with the one next door. All 3 units have been remodeled: some newer kitchens, newer baths, flooring, and paint, tankless water heaters. The property also has a huge storage garage/workshop. Low key street, excellent Madison schools district. A perfect neighborhood with a few streets of multifamily homes surrounded by single family homes. Quiet, clean, and in high demand by residents. The back unit has a large private yard and patio. The property has SRP flood irrigation.

Last Agent to Sell the Property

Artur Ciesielski

HomeSmart License #SA527273000 Listed on: 05/10/2021

HomeSmart

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1959

Lot Details

  • 10,803

Parking

  • 4 Car Attached Garage

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for electricity, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 161-09-047

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $9,765
  • Gross Income $47,820
  • Net Operating Income $38,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,476

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Bethany Home and 16th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2020
  • Directions: North to Rose Lane, West to 14th St, north to the property on the West side of the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: ROSE LANE TERRACE
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Attached, 1 Space/Unit
  • Attached Garage: Yes
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Heat Pump, Individual, 2 or More Units
  • Heating: Individual, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2999.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 161-09-047

Multi Family

  • Owner Pays: Electricity, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 540.0
  • Annual Gross Income: 47820.0
  • Insurance Expense: 2350.0
  • Property Net Operating Income: 38055.0
  • Annual Operating Expense: 9765.0

Tax Info

  • Tax Annual Amount: 2476.0
  • Tax Book Number: 161.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
May 26, 2021
Sold by
Luecke Dale and Luecke Dale J
Bought by
Cranmer Elizabeth and The Cranmer Family Trust
Seller's Agent
Artur Ciesielski
HomeSmart
Buyer's Agent
Victoria Miachika
REI Marketing
List Price
$925,000
Sold Price
$910,000
Premium/Discount to List
-$15,000
-1.62%
Current Estimated Value
$1,016,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,536
Avg. Annual Appreciation
2.60%
Original Mortgage
$120,000
Outstanding Balance
$109,975
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$902,721

Purchase Details

Closed on
May 2, 2015
Sold by
Taylor Jack
Bought by
Luecke Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2014
Sold by
Taylor Jack and Taylor Family Trust
Bought by
Taylor Jack

Purchase Details

Closed on
Nov 22, 1996
Sold by
Taylor Jack and Taylor Julia A
Bought by
Taylor Jack and Taylor Julia A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cranmer Elizabeth $910,000 Old Republic Title Agency
Luecke Dale $300,000 Chicago Title Agency
Taylor Jack -- None Available
Taylor Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cranmer Elizabeth $120,000
Previous Owner Luecke Dale J $188,400
Previous Owner Luecke Dale $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $910,000 -1.6% $460 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $925,000 -- $468 / 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 $2,868 $22,576 -- --
2024 $2,560 $21,501 -- --
2023 $2,560 $65,710 $13,140 $52,570
2022 $2,480 $50,230 $10,040 $40,190
2021 $2,515 $43,050 $8,610 $34,440
2020 $2,476 $35,270 $7,050 $28,220
2019 $2,420 $30,550 $6,110 $24,440
2018 $2,359 $27,730 $5,540 $22,190
2017 $2,244 $24,020 $4,800 $19,220
2016 $2,165 $19,860 $3,970 $15,890
2015 $2,012 $18,680 $3,730 $14,950
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6233859

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-047