NOT LISTED FOR SALE

Estimated Value: $612,000 - $954,000

5 Beds
3 Baths
5,637 Sq Ft
$148/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $789,500 $140 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,652/month

4 Days on Market

Highlights

  • Multiple cooling system units
  • Stone Flooring
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of November 2021

Great income producing property in one of the most desirable locations in Central Phoenix. Right off 51 freeway and Bethany Home Rd, close to Biltmore corridor, Downtown Phoenix, restaurants, entertainment, medical centers, and Phoenix Mountain Preserve for endless hiking trails. Front unit A is over 1500sf, beautifully remodeled single level home with 3 bedrooms, 2 bathrooms, large kitchen open to an airy great room, pantry, inside laundry. Huge master bedroom with a walk-in closet. Modern/industrial low maintenance floor throughout most of the home and luxurious carpet in 2 guest bedrooms. Large covered patio and 2 car carport in the back. Unit C is over 1000sf, 2 bedroom, 1 bath with an adorable kitchen and breakfast area, great room, private covered patio in the back, laundry and additional storage in the attached room. 1 garage like parking spot and additional covered parking off the workshop. And what a workshop it is! Double garage doors, high ceilings, insulated, with electrical connections. If not used by Owner/Tenant, it can be rented for additional income. All this in a quiet lush neighborhood in Madison School District, within a short walk to Starbucks, multiple restaurants and Luci's Marketplace, within a short drive to all the fun Phoenix has to offer!

Last Agent to Sell the Property

Malgorzata Baker

HomeSmart License #SA550283000 Listed on: 10/12/2021

HomeSmart

Last Buyer's Agent

Heather Kay

Real Broker License #SA642659000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,331

Year Built

  • Built in 1959

Lot Details

  • 10,803

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Stone
  • Concrete
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 161-09-048

Community Details

Overview

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

Building Details

  • Operating Expense $6,820
  • Gross Income $48,000
  • Net Operating Income $41,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,331

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Bethany Home
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2021
  • Directions: North on 16th St, West on Rose Ln to 14th St, North to the home on the left.
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: ROSE LANE TERRACE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Stone, Concrete
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • 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
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Shutters2: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10781
  • Additional Parcels: No
  • Parcel #: 161-09-048

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 48000.0
  • Insurance Expense: 1289.0
  • Property Net Operating Income: 41217.0
  • Annual Operating Expense: 6820.0

Tax Info

  • Tax Annual Amount: 2331.0
  • Tax Book Number: 161.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2022
Sold by
Emilio Atondo Juan
Bought by
Casita Homes Llc
Total Days on Market
4
Current Estimated Value
$835,635

Purchase Details

Listed on
Oct 12, 2021
Closed on
Nov 10, 2021
Sold by
Luecke Roy and Luecke Kathy
Bought by
Atondo Juan Emilio
Seller's Agent
Malgorzata Baker
HomeSmart
Buyer's Agent
Heather Kay
Real Broker
List Price
$789,500
Sold Price
$789,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$789,500
Interest Rate
3.01%
Mortgage Type
VA

Purchase Details

Closed on
May 7, 2021
Sold by
Luecke Dale
Bought by
Luecke Dale and Luecke Kathy

Purchase Details

Closed on
Mar 20, 2019
Sold by
Hillman Sara J
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
$322,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2016
Sold by
Hillman Aaron J and Hillman Sara J
Bought by
Hillman Sara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2015
Sold by
14Th Street Rentals Llc
Bought by
Hillman Aaron J and Hillman Sara Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,275
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 2013
Sold by
Wiggins Jay and Wheeler Carrie
Bought by
14Th Street Rentals Llc

Purchase Details

Closed on
Dec 11, 1995
Sold by
Wiggins Bette Jo and The Josephine M Barber Revocab
Bought by
Wiggins Jay

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
7.18%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Casita Homes Llc -- --
Atondo Juan Emilio $789,500 First Arizona Title Agcy Llc
Luecke Dale -- None Available
Luecke Dale $460,000 Chicago Title Agency Inc
Hillman Sara J -- Grand Canyon Title Agency
Hillman Aaron J $220,000 Magnus Title Agency
14Th Street Rentals Llc -- None Available
Wiggins Jay -- None Available
Wiggins Jay $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atondo Juan Emilio $789,500
Previous Owner Luecke Dale $319,250
Previous Owner Luecke Dale $322,000
Previous Owner Hillman Sara J $240,000
Previous Owner Hillman Sara J $175,000
Previous Owner Hillman Aaron J $132,275
Previous Owner Wiggins Jay $60,000
Previous Owner Wiggins Jay $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $789,500 0.0% $140 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $789,500 -- $140 / 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 $2,612 $20,516 -- --
2024 $2,480 $19,539 -- --
2023 $2,480 $58,320 $11,660 $46,660
2022 $2,303 $46,150 $9,230 $36,920
2021 $2,331 $40,620 $8,120 $32,500
2020 $2,294 $34,000 $6,800 $27,200
2019 $2,243 $28,700 $5,740 $22,960
2018 $2,187 $25,350 $5,070 $20,280
2017 $2,082 $22,620 $4,520 $18,100
2016 $2,009 $19,370 $3,870 $15,500
2015 $1,867 $18,430 $3,680 $14,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6306105

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-048