NOT LISTED FOR SALE

Estimated Value: $609,532 - $1,266,000

-- Bed
-- Bath
4,312 Sq Ft
$215/Sq Ft Est. Value

Last Sold July 18, 2013

Last sale price $255,000 $59 Per Sq Ft

Est. 263% increase in value since last sale

Current estimated payment $5,127/month

2 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 5-minute walk to Granite Reef Park
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2013

These are a must see 3 bedroom 2 bath units townhouse style with a desirable split floor plan. Units have some ceramic tile, also large lot 11,835 SQ. FT. All tenants have individual yards. All facts and figures are approx. buyer to verify to there satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 07/05/2013

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Jason Campagna

Orion Investment Real Estate License #SA543294000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,508

Year Built

  • Built in 1986

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 30
  • Assessor Parcel Number 141-84-341

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $8,308
  • Gross Income $32,400
  • Net Operating Income $25,592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,508

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker and Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2012
  • Directions: Brown & Recker. East on Brown to 62nd Pl. North to Greeway. Property on southwest corner of 62nd Pl and Greenway.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 141-84-341

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 25592.0
  • Annual Operating Expense: 8308.32
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1508.32
  • Tax Book Number: 141.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2013
Closed on
Jul 11, 2013
Sold by
Thomas Marilyn
Bought by
Pensco Trust Co
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jason Campagna
Orion Investment Real Estate
List Price
$299,900
Sold Price
$255,000
Premium/Discount to List
-$44,900
-14.97%
Current Estimated Value
$925,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$670,383
Avg. Annual Appreciation
10.77%

Purchase Details

Closed on
Mar 16, 2013
Sold by
L & M Strategic Investments Llc
Bought by
Matlock Brian

Purchase Details

Closed on
Mar 15, 2013
Sold by
Schween Dawn
Bought by
Schween Donald Paul

Purchase Details

Closed on
Dec 8, 2009
Sold by
Luke & Jimmy Llc
Bought by
Thomas Marilyn

Purchase Details

Closed on
Sep 21, 2009
Sold by
Merlo Joseph
Bought by
Luke & Jimmy Llc

Purchase Details

Closed on
Oct 11, 2006
Sold by
Merlo Shari
Bought by
Merlo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,000
Interest Rate
7.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 15, 2003
Sold by
Hooks Darren
Bought by
Emery Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2002
Sold by
Annjames Llc
Bought by
Hooks Darren and Hooks Jimmelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
6.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1999
Sold by
Chase James W
Bought by
Annjames Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,950
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1999
Sold by
Lagrow Daniel L
Bought by
Chase James W and Chase Ann Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,950
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 1997
Sold by
Mccormick Kenneth S
Bought by
Lagrow Daniel L and Lagrow Renee L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
8.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 1995
Sold by
Graf Harvey W
Bought by
Mccormick Kenneth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,350
Interest Rate
8.9%
Mortgage Type
New Conventional
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
Pensco Trust Co $255,000 Lawyers Title Of Arizona Inc
Matlock Brian -- Old Republic Title Agency
Schween Donald Paul -- Old Republic Title Agency
Thomas Marilyn $240,000 Stewart Title & Trust Of Pho
Luke & Jimmy Llc $164,700 None Available
Merlo Joseph -- Title Guaranty Agency Of Az
Merlo Joseph $573,000 Title Guaranty Agency
Emery Roy $350,000 Security Title Agency
Hooks Darren $329,000 Century Title Agency
Annjames Llc -- Grand Canyon Title Agency In
Chase James W $268,868 Grand Canyon Title Agency In
Lagrow Daniel L $250,000 Security Title Agency
Mccormick Kenneth S $191,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merlo Joseph $358,000
Previous Owner Emery Roy $280,000
Previous Owner Hooks Darren $263,200
Previous Owner Chase James W $241,950
Previous Owner Lagrow Daniel L $187,500
Previous Owner Mccormick Kenneth S $172,350
Closed Hooks Darren $658,000
Closed Emery Roy $34,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2013 07/18/13 Sold $255,000 -15.0% $59 / Sq Ft
07/05/2013 07/05/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $299,900 -- $70 / 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 $2,657 $27,066 -- --
2024 $2,679 $25,778 -- --
2023 $2,679 $76,880 $15,370 $61,510
2022 $2,523 $54,550 $10,910 $43,640
2021 $2,562 $47,660 $9,530 $38,130
2020 $2,529 $42,530 $8,500 $34,030
2019 $2,358 $37,100 $7,420 $29,680
2018 $2,261 $34,120 $6,820 $27,300
2017 $2,192 $23,720 $4,740 $18,980
2016 $2,152 $23,470 $4,690 $18,780
2015 $2,024 $22,760 $4,550 $18,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4963299

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-341