$980,000
SOLD NOV 15, 2017
-- Bed
-- Bath
4,526 Sq Ft
0.49 Acres

Recently Sold

$217 Per Sq Ft

7% Below List Price

29 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • 4-minute walk to Granite Reef Park
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of January 2020

These Luxury Townhouse Style Units Feature 2 Large Bedrooms with Washer/Dryer Hook-Ups, Dishwashers, Tile in All the Right Places and Individually Fenced backyards. In addition Enjoyment of the Pool and Lots of Green Grassy Area. The property has a Beautifully Decorated Wrought Iron Fence. Townhouse Style Units Offer Much Needed Privacy and Are Very attractive to Tenants. Tenants Pay All Their Utilities Including Electric, Water,Sewer and Trash. This is Like Owning 9 Houses as The Owner Has No Utilities to be Concerned with Other Than Pool and Sprinklers ETC: This Investment Offers Good Cash Flow and Long Term Appreciation and Potential Escalation of Rents. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/05/2017

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

Kevin O'Brien

West USA Realty License #SA662410000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,894

Year Built

  • Built in 1986

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping, pool/spa maintenance
  • Tax Lot 1
  • Assessor Parcel Number 141-84-280

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 2 LOTS: total 44,564 sq ft total (1,023 ac)
  • Golden West Unit 3 Lot 1 32 Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $25,852
  • Gross Income $94,289
  • Net Operating Income $68,438

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,894

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker & Brown
  • Property Type: Multiple Dwellings
  • Zoning: R-3 & RM-3
  • Number Of Buildings: 3
  • Year Built: 1986
  • Tax Year: 2016
  • Directions: East to 62nd Place and North to Greenway and turn east on cul de sac.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 5658.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: GOLDEN WEST UNIT 3 LOT 1-32
  • 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

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: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Underground, Individual Meter
  • Cooling: Central A/C, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size: 2 LOTS: total 44,564 sq ft total (1,023 ac)
  • Additional Parcels: Yes
  • Parcel #: 141-84-280

Multi Family

  • Owner Pays: Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 9
  • Annual Gross Income: 94289.4
  • Insurance Expense: 4200.0
  • Maintenance Expense: 7500.0
  • Property Net Operating Income: 68438.0
  • Annual Operating Expense: 25852.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4894.0
  • Tax Book Number: 141.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
Holland Living Trust
Bought by
Greenway Ix Llc
Current Estimated Value
$1,053,500

Purchase Details

Listed on
Aug 19, 2019
Closed on
Jan 16, 2020
Sold by
Knutson Laura A
Bought by
Holland Kenneth C and Holland Mara Ann
Seller's Agent
Heather Cates
Citiea
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.68%

Purchase Details

Listed on
Sep 5, 2017
Closed on
Nov 3, 2017
Sold by
Campos Richard
Bought by
Knutson Laura
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Kevin O'Brien
West USA Realty
List Price
$1,050,000
Sold Price
$980,000
Premium/Discount to List
-$70,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.91%

Purchase Details

Closed on
Sep 6, 2005
Sold by
Fauci Larry
Bought by
Campos Richard and Campos Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,100
Interest Rate
5.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 3, 2005
Sold by
Shen Shao Hua
Bought by
Fauci Larry and Fauci Marge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Golden West Enterprises Inc
Bought by
Shen Shao Hua and Shen Mei Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.94%
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Special Warranty Deed $1,300,000 Chicago Title Agency Inc
Warranty Deed $980,000 Millennium Title Agency Llc
Warranty Deed $470,000 --
Warranty Deed $385,000 Lawyers Title Ins
Warranty Deed $1,200,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Future Advance Clause Open End Mortgage
Previous Owner $437,100 Seller Take Back
Previous Owner $269,500 New Conventional
Previous Owner $900,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $1,300,000 0.0% $287 / Sq Ft
10/18/2019 10/18/19 Price Changed $1,300,000 -13.3% $287 / Sq Ft
08/19/2019 08/19/19 For Sale $1,500,000 +53.1% $331 / Sq Ft
11/15/2017 11/15/17 Sold $980,000 -6.7% $217 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,050,000 0.0% $232 / Sq Ft
09/08/2017 09/08/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $1,050,000 -- $232 / 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 $2,992 $30,478 -- --
2024 $3,016 $29,026 -- --
2023 $3,016 $87,450 $17,490 $69,960
2022 $2,954 $62,500 $12,500 $50,000
2021 $2,990 $55,070 $11,010 $44,060
2020 $2,951 $49,020 $9,800 $39,220
2019 $2,757 $42,160 $8,430 $33,730
2018 $2,646 $38,500 $7,700 $30,800
2017 $2,567 $26,730 $5,340 $21,390
2016 $2,519 $27,150 $5,430 $21,720
2015 $2,368 $26,210 $5,240 $20,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5655958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-280