NOT LISTED FOR SALE

Estimated Value: $198,000 - $872,522

-- Bed
4 Baths
500 Sq Ft
$1,173/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $220,000 $440 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $3,445/month

10 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Washington High School Rated A-

About This Home

As of June 2013

CLICK DOCUMENTS TAB FOR MARKETING PACKAGE. PREMIUM C-2 Re-Development Opportunity North-Central Phoenix. Four contiguous C-2 zoned lots along north 27th Avenue in Phoenix. Currently operated with a 4-plex on one lot, a medical/mixed-use office on another lot, and a small house used for retail/office on another lot. All lots are zoned C-2 commercial. The total square footage of all 4 lots is 59,172 SF (1.36 AC+/-). Some leasing revenues are currently generated from the 4-plex and office operations. With over 150’ of 27th Avenue frontage the property offers excellent visibility and drive-by exposure. Offered at nearly HALF of county assessed value! Please no offers with financing contingencies. Do not approach tenants. Please schedule visits with listing agency.

Last Listed By

Scott Trevey

REI Marketing License #SA539099000 Listed on: 05/03/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,057

Year Built

  • Built in 1967

Lot Details

  • 0.78

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 16 Parking Spaces
  • 6 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Concrete Flooring
  • Additional Parcels

Community Details

  • 4 Units
  • Building Dimensions are irregular

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 152-14-013-A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,057

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2012
  • Directions: I-17 to Glendale Avenue, West to 27th Avenue, south on 27th Ave to property on west side of street
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: Yes
  • Parcel #: 152-14-013-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1057.04
  • Tax Book Number: 152.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2017
Sold by
Vietnamese United Baptist Church
Bought by
Tran Linh and Phan Hanh Van Thi
Total Days on Market
10
Current Estimated Value
$586,381

Purchase Details

Closed on
Oct 24, 2013
Sold by
Lee Dung Anh and Lam Anh Thu
Bought by
Vietnamese United Baptist Church

Purchase Details

Listed on
May 3, 2013
Closed on
Jun 28, 2013
Sold by
Bayha William
Bought by
Lee Dung Anh and Lam Anh Thu
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Scott Trevey
REI Marketing
List Price
$200,000
Sold Price
$220,000
Premium/Discount to List
$20,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Range of Values:

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Average Value
Not Available
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
Tran Linh $260,000 Pioneer Title Agency Inc
-- -- None Available
Lee Dung Anh $220,000 American Title Service Agenc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $220,000 +10.0% $440 / Sq Ft
05/13/2013 05/13/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $200,000 -- $400 / 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 $1,951 $15,954 -- --
2024 $1,916 $15,194 -- --
2023 $1,916 $57,260 $11,450 $45,810
2022 $1,853 $42,220 $8,440 $33,780
2021 $1,877 $39,330 $7,860 $31,470
2020 $1,830 $33,430 $6,680 $26,750
2019 $1,797 $26,450 $5,290 $21,160
2018 $1,750 $23,520 $4,700 $18,820
2017 $1,700 $20,980 $4,190 $16,790
2016 $1,669 $18,300 $3,660 $14,640
2015 $1,546 $15,570 $3,110 $12,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4932277

Arizona Regional Multiple Listing Service (ARMLS)

APN: 152-14-013A