NOT LISTED FOR SALE

Estimated Value: $505,000 - $712,000

-- Bed
-- Bath
1,376 Sq Ft
$425/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $585,000 $425 Per Sq Ft

Current estimated payment $3,244/month

54 Days on Market

Highlights

  • Brick Veneer
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of November 2023

INVESTORS OPPORTUNITY! Welcome to your opportunity to invest in a thriving community and secure a piece of the future. This delightful 4-plex multi-family property, offers four spacious 2-bedroom, 1-bathroom units, each designed for comfortable living and long-term investment potential. This property is strategically located to provide easy access to all the amenities that modern living demands. Residents will enjoy a short commute to schools, shopping centers, parks, and employment hubs, making it an attractive choice for tenants. With a growing population and increasing demand for rental properties in this community, this 4-plex represents a great investment opportunity. As the community continues to expand and evolve, so does the potential of this property.

Last Agent to Sell the Property

Magda Valdez

Keller Williams Realty Phoenix License #SA665635000 Listed on: 09/20/2023

Keller Williams Realty Phoenix

Last Buyer's Agent

Jay Martinez

Luxe Real Estate Group License #BR107652000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,613

Year Built

  • Built in 1963

Lot Details

  • 9,104

Home Design

  • Brick Veneer
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 12
  • Assessor Parcel Number 122-90-436

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9082 sqft
  • Ellington Place Subdivision

Building Details

  • Operating Expense $1,613
  • Gross Income $57,000
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,613

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 22nd Street and Vineyard Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2022
  • Directions: Head South of Southern and 22nd St. Four-plex will be on your right, facing west.
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: ELLINGTON PLACE
  • Roofing:Composition: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 9082 sqft
  • Additional Parcels: No
  • Parcel #: 122-90-436

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 57000.0
  • Property Net Operating Income: 38400.0
  • Annual Operating Expense: 1613.0

Tax Info

  • Tax Annual Amount: 1613.0
  • Tax Book Number: 122.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Nov 21, 2023
Sold by
Neal Jonathan Ivan
Bought by
Gallegos Gustavo Contreras
Seller's Agent
Magda Valdez
Keller Williams Realty Phoenix
Buyer's Agent
Jay Martinez
Luxe Real Estate Group
List Price
$640,000
Sold Price
$585,000
Premium/Discount to List
-$55,000
-8.59%
Views
12
Current Estimated Value
$585,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192
Avg. Annual Appreciation
0.02%
Original Mortgage
$438,750
Outstanding Balance
$431,823
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$153,369

Purchase Details

Listed on
Aug 15, 2022
Closed on
Aug 26, 2022
Sold by
Gilberto Hermenegildo
Bought by
Neal Jonathan Ivan
Seller's Agent
Angel Almazan
DeLex Realty
Buyer's Agent
Magda Valdez
Keller Williams Realty Phoenix
List Price
$500,000
Sold Price
$525,000
Premium/Discount to List
$25,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%
Original Mortgage
$395,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2022
Closed on
Jul 12, 2022
Sold by
Gilberto Hermenegildo
Bought by
Hermenegildo Gilberto and Mosco Maria Vanessa
Seller's Agent
Angel Almazan
DeLex Realty
Buyer's Agent
Magda Valdez
Keller Williams Realty Phoenix
List Price
$500,000
Sold Price
$525,000
Premium/Discount to List
$25,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 5, 2018
Sold by
Sullivan Michael
Bought by
Hermenegildo Gilberto
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Rutilio Garcia
HomeSmart
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.75%
Original Mortgage
$238,107
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2011
Sold by
Pkk Investment Llc
Bought by
Sullivan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2009
Sold by
Parry Properties Llc
Bought by
Pkk Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,500
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2006
Sold by
Parry Holdings Corp
Bought by
Parry Properties Llc and Jp Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.36%
Mortgage Type
Construction

Purchase Details

Closed on
May 12, 2006
Sold by
Giron America C
Bought by
Parry Holdings Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2005
Sold by
Vela Francisco M
Bought by
Giron America C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2002
Sold by
Vela Maria Elvira
Bought by
Vela Francisco M

Purchase Details

Closed on
May 1, 2002
Sold by
Vela Roberto
Bought by
Vela Francisco M

Purchase Details

Closed on
Jul 27, 1998
Sold by
Avila Elidia A
Bought by
Vela Roberto M

Purchase Details

Closed on
Dec 6, 1996
Sold by
Westover John H and Westover Susan R
Bought by
Guerrero Alex and Guerrero Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1996
Sold by
Westover John H
Bought by
Westover John H and Westover Susan R

Purchase Details

Closed on
Jun 6, 1995
Sold by
Duncan Clarence and Westover John H
Bought by
Westover John H and John H Westover Pa Defined Benefit Pensi
Source: Public Records

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
Gallegos Gustavo Contreras $585,000 Capital Title
Neal Jonathan Ivan $536,000 New Title Company Name
Hermenegildo Gilberto -- None Listed On Document
Hermenegildo Gilberto $242,500 First American Title Insuran
Sullivan Michael $99,000 American Title Service Agenc
Pkk Investments Llc -- Accommodation
Parry Properties Llc -- Camelback Title Agency
Parry Holdings Corp $220,000 Camelback Title Agency Llc
Giron America C $210,000 Commonwealth Title
Vela Francisco M -- Arizona Title Agency Inc
Vela Francisco M $101,000 Arizona Title Agency Inc
Vela Roberto M -- Century Title Agency
Vela Roberto $71,000 Century Title Agency
Guerrero Alex $32,000 Grand Canyon Title Agency In
Westover John H -- --
Westover John H -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallegos Gustavo Contreras $438,750
Previous Owner Neal Jonathan Ivan $395,000
Previous Owner Hermenegildo Gilberto $238,107
Previous Owner Sullivan Michael $70,500
Previous Owner Pkk Investments Llc $418,500
Previous Owner Parry Holdings Corp $190,000
Previous Owner Giron America C $168,000
Previous Owner Guerrero Alex $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $585,000 -8.6% $425 / Sq Ft
11/16/2023 11/16/23 Price Changed $640,000 0.0% $465 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/13/2023 10/13/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $640,000 +21.9% $465 / Sq Ft
08/31/2022 08/31/22 Sold $525,000 0.0% $382 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/22/2022 08/22/22 Off Market $525,000 -- --
08/10/2022 08/10/22 For Sale $500,000 +100.8% $363 / Sq Ft
04/30/2018 04/30/18 Sold $249,000 0.0% $181 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $249,000 -- $181 / 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 $1,695 $11,537 -- --
2024 $1,647 $10,988 -- --
2023 $1,647 $35,770 $7,150 $28,620
2022 $1,613 $25,100 $5,020 $20,080
2021 $1,646 $22,330 $4,460 $17,870
2020 $1,626 $18,370 $3,670 $14,700
2019 $1,573 $16,600 $3,320 $13,280
2018 $1,531 $15,120 $3,020 $12,100
2017 $1,459 $16,160 $3,230 $12,930
2016 $1,388 $15,550 $3,110 $12,440
2015 $1,307 $13,860 $2,770 $11,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6607660

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-90-436