NOT LISTED FOR SALE

Estimated Value: $1,011,000 - $1,128,000

5 Beds
-- Bath
2,908 Sq Ft
$362/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $1,010,000 $347 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,798/month

32 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of April 2022

Rare to market, income producing, triplex in desirable Central/Uptown Phoenix. Beautifully updated units with new appliances and on-site coin-op laundry(additional income). Large carport with 1 space/unit. Quiet, lush neighborhood in Madison School District, close to Starbucks, Luci's Marketplace and lots of other great dining and shopping and closefreeway access.Great opportunity for owner occupant.All units occupied - showings with accepted offer.

Last Agent to Sell the Property

Lydia Chelle

eXp Realty License #SA643552000 Listed on: 01/14/2022

Last Buyer's Agent

Vanessa Malloy

My Home Group Real Estate License #SA644518000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,616

Year Built

  • Built in 1959

Lot Details

  • 10,803

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • Carport

Schools

  • Madison #1 Middle Elementary School
  • North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 161-09-052

Community Details

Overview

  • 3 Units
  • Building Dimensions are 0
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $2,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,616

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: N 16th Street/Bethany Home Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2021
  • Directions: North on 16th St, West on E Rose, North on 14th St, to property on East side.
  • Road Surface Type: Asphalt
  • Subdivision Name: ROSE LANE TERRACE
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: 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: 3.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, 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: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison #1 Middle School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 161-09-052

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Operating Expense: 2616.0

Tax Info

  • Tax Annual Amount: 2616.0
  • Tax Book Number: 161.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 22, 2022
Sold by
Reed Kevin
Bought by
W Investment & Development Llc and Deng
Seller's Agent
Lydia Chelle
eXp Realty
Buyer's Agent
Vanessa Malloy
My Home Group Real Estate
List Price
$1,050,000
Sold Price
$1,010,000
Premium/Discount to List
-$40,000
-3.81%
Current Estimated Value
$1,053,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,615
Avg. Annual Appreciation
1.23%
Original Mortgage
$707,000
Outstanding Balance
$669,065
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$384,550

Purchase Details

Closed on
Sep 17, 2020
Sold by
Huerta Michael K
Bought by
Reed Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2019
Sold by
Huerta Leanna
Bought by
Huerta Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2014
Closed on
Sep 5, 2014
Sold by
Rose Lane Holdings Llc
Bought by
Tobler Christopher
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Shelley Caniglia
Compass
List Price
$269,500
Sold Price
$255,000
Premium/Discount to List
-$14,500
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.73%
Original Mortgage
$249,160
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 2011
Sold by
Driscoll Daniel R and Driscoll Barbara L
Bought by
Rose Lane Holdings Llc

Purchase Details

Closed on
Feb 9, 2005
Sold by
Gp Rinehart and Gp Driscol
Bought by
Driscoll Daniel R and Driscoll Barbara L

Purchase Details

Closed on
Nov 20, 2003
Sold by
Garner Charles W and Ezzell Garner Sandra
Bought by
Gp Rinehart and Gp Driscoll

Purchase Details

Closed on
Jun 19, 2001
Sold by
Garner Charles W and Ezzell Garner Sandra
Bought by
Garner Charles W and Ezzell Garner Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2001
Sold by
Sondrall Keith
Bought by
Garner Charles W and Ezzell Garner Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 1996
Sold by
Appeldorn David H and Appeldorn Leanne B
Bought by
Sondrall Keith M
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
W Investment & Development Llc $1,010,000 Old Republic Title
Reed Kevin $650,000 Old Republic Title Agency
Huerta Michael K -- Wfg National Title Ins Co
Huerta Michael K $485,000 Wfg National Title Ins Co
Tobler Christopher $255,000 Chicago Title Agency Inc
Rose Lane Holdings Llc -- None Available
Driscoll Daniel R -- --
Gp Rinehart $500,000 First American Title Ins Co
Garner Charles W -- First American Title
Garner Charles W $202,500 First American Title
Sondrall Keith M $117,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open W Investment & Development Llc $707,000
Previous Owner Reed Kevin $620,000
Previous Owner Huerta Michael K $363,000
Previous Owner Tobler Christopher $249,160
Previous Owner Garner Charles W $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $1,010,000 -3.8% $347 / Sq Ft
04/01/2022 04/01/22 Price Changed $1,050,000 0.0% $361 / Sq Ft
03/19/2022 03/19/22 For Sale $1,050,000 0.0% $361 / Sq Ft
03/19/2022 03/19/22 Price Changed $1,050,000 0.0% $361 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $1,050,000 +311.8% $361 / Sq Ft
09/17/2014 09/17/14 Sold $255,000 -5.4% $88 / Sq Ft
07/13/2014 07/13/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $269,500 -- $93 / 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 $2,810 $22,114 -- --
2024 $2,673 $21,061 -- --
2023 $2,673 $63,630 $12,720 $50,910
2022 $2,593 $50,350 $10,070 $40,280
2021 $2,616 $44,120 $8,820 $35,300
2020 $2,575 $36,970 $7,390 $29,580
2019 $2,518 $31,410 $6,280 $25,130
2018 $2,457 $27,800 $5,560 $22,240
2017 $2,341 $24,760 $4,950 $19,810
2016 $2,260 $21,220 $4,240 $16,980
2015 $2,099 $20,280 $4,050 $16,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6344624

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-052