NOT LISTED FOR SALE

Estimated Value: $765,861 - $1,143,000

-- Bed
-- Bath
2,508 Sq Ft
$375/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $340,000 $136 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $5,512/month

4 Days on Market

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Community Barbecue Grill
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • Ceiling Fan

About This Home

As of August 2016

Investor special!! This 4 unit property has always been fully occupied and has been a great income earner for owner. Located in a very quiet and mature cul-de-sac. Property has been immaculately taken care of. All units have new paint, new wood flooring, new carpet, new ceramic title, new light fixtures, new bath tubs, some units have granite counter tops and new kitchen appliances. Roof and AC are also less than 8 years old. Please DO NOT DISTURB current tenants.

Last Agent to Sell the Property

George Laughton

My Home Group Real Estate Listed on: 07/29/2016

Co-Listed By

Autumn Nagle

My Home Group Real Estate License #SA646273000

Last Buyer's Agent

Michael Afsa

HomeSmart License #SA658772000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,145

Year Built

  • Built in 1959

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 161-13-074

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11587
  • Beverly Glen Subdivision

Recreation

  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Operating Expense $6,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,145

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 7TH STREET & ROSE LANE.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2015
  • Directions: EAST ON ROSE LANE TO 10TH PL, NORTH TO PROPERTY.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: BEVERLY GLEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 780.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: 11587
  • Additional Parcels: No
  • Parcel #: 161-13-074

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 360.0
  • Annual Operating Expense: 6405.0

Tax Info

  • Tax Annual Amount: 2145.0
  • Tax Book Number: 161.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2016
Closed on
Aug 23, 2016
Sold by
Brewer Thomas E
Bought by
Afsa Michael N and Afsa Candace L
Seller's Agent
George Laughton
My Home Group Real Estate
Buyer's Agent
Michael Afsa
HomeSmart
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Total Days on Market
4
Current Estimated Value
$940,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,215
Avg. Annual Appreciation
12.19%

Purchase Details

Closed on
Jul 28, 2008
Sold by
Brewer Thomas E
Bought by
Brewer Thomas E and The Thomas E Brewer Revocable Living Tr

Purchase Details

Closed on
Mar 30, 1999
Sold by
Brewer Frank V and Brewer Betty J
Bought by
Brewer Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 1971
Sold by
Albertson Leland C
Bought by
Brewer Frank and Brewer Betty J
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
Afsa Michael N $340,000 Clear Title Agency Of Az Llc
Brewer Thomas E -- None Available
Brewer Thomas E $130,000 Nations Title Insurance
Brewer Frank -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afsa Family Trust $150,000
Previous Owner Brewer Thomas E $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2016 08/25/16 Sold $340,000 -2.9% $136 / Sq Ft
07/28/2016 07/28/16 For Sale $350,000 -- $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 $2,807 $22,600 -- --
2024 $2,732 $21,523 -- --
2023 $2,732 $63,770 $12,750 $51,020
2022 $2,650 $50,220 $10,040 $40,180
2021 $2,673 $43,000 $8,600 $34,400
2020 $2,632 $35,130 $7,020 $28,110
2019 $2,574 $29,310 $5,860 $23,450
2018 $2,510 $25,970 $5,190 $20,780
2017 $2,392 $23,950 $4,790 $19,160
2016 $2,310 $20,660 $4,130 $16,530
2015 $2,145 $19,920 $3,980 $15,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5476959

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-13-074