NOT LISTED FOR SALE

Estimated Value: $775,000 - $943,000

Studio
3 Baths
-- Sq Ft
10,803 Sq Ft Lot

Sale Details

Date Sold: November 30, 2018

Last sale price $475,000

Est. 80% increase in value since last sale

Current estimated payment $4,938 / mo

16 Days on Market

Highlights

  • RV or Boat Parking
  • Heated Community Pool
  • Cooling Available
  • Phoenix Coding Academy Rated A
  • 5 Car Attached Garage
  • Ceramic Tile Flooring

About This Home

As of November 2018

This is your opportunity to sit back, relax as you watch your investment grow. The property is an eye-pleasing, well-maintained gem in the trendy North Central Community.
Located between Bethany & Glendale. REAR HOME is connected only by breezeway and features its own private pool.
On-site laundry, covered parking round out the park like setting.
Walking distance to the Vig, Rockery/ Richardson's and other trend setting establishments.
Only 1 bed unit is on a lease.
Owner originally occupied rear unit.
Inspection upon contract.
Rear gated RV parking.
Flood Irrigation. Previously was orange orchard.

Do not walk or talk to the tenants as they are unaware of the sale.

All facts , figures, statements believed to be correct BUT BUYER to verify prior to COE any and all items of

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/12/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jeffery Chesleigh

HomeSmart License #SA014098000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,043

Year Built

  • Built in 1958

Lot Details

  • 10,803

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Car Attached Garage
  • 2 Open Parking Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking
  • RV or Boat Parking
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 11
  • Assessor Parcel Number 161-09-054

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 10781
  • Rose Lane Terrace Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,212
  • Gross Income $30,572
  • Net Operating Income $20,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,043

Year Built

Built in 1958

Lot Details

10,803 Sq Ft Lot

Listing Details

  • Cross Street: 16th St & Bethany Home Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2579.0
  • Subdivision Name: ROSE LANE TERRACE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved Parking, Free, RV/Boat Parking, Assigned, Add'l Parking Avail, Attached, 1 Space/Unit, <1 Space Per Unit, Street Parking, Common
  • Attached Garage: Yes
  • 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:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:RVBoat Parking2: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Individual, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10781
  • Additional Parcels: No
  • Parcel #: 161-09-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 30572.46
  • Insurance Expense: 1200.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 20360.0
  • Annual Operating Expense: 10212.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2043.0
  • Tax Book Number: 161.00
  • Tax Lot: 11

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2018
Closed on
Nov 28, 2018
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$857,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,057
Avg. Annual Appreciation
7.99%
Original Mortgage
$380,000
Interest Rate
0.048%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 Chicago Title Agency Inc
-- None Available
-- None Available
-- Security Title Agency
$143,000 Security Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $375,000
Closed $380,000
Closed $380,000
Previous Owner $161,350
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $475,000 -4.0% --
10/28/2018 10/28/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $495,000 0.0% --
10/14/2018 10/14/18 Pending -- -- --
10/12/2018 10/12/18 For Sale $495,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,779 $20,840
2024 $2,519 $19,848
2023 $2,519 $58,600 $11,720 $46,880
2022 $2,324 $46,430 $9,280 $37,150
2021 $2,353 $40,950 $8,190 $32,760
2020 $2,316 $34,310 $6,860 $27,450
2019 $2,265 $29,000 $5,800 $23,200
2018 $2,208 $25,620 $5,120 $20,500
2017 $2,101 $22,520 $4,500 $18,020
2016 $2,027 $19,270 $3,850 $15,420
2015 $1,884 $18,350 $3,670 $14,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5832570

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-054

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