$525,000
SOLD AUG 31, 2022
-- Bed
-- Bath
1,376 Sq Ft
9,104 Sq Ft Lot

Recently Sold

$382 Per Sq Ft

5% Above List Price

12 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of November 2023

Great Investment opportunity. 4 units of 2 bedroom 1 bath each. All units are currently rented on a month to month basis. Move in Ready for new tenants or keep the ones in place.

Last Agent to Sell the Property

Angel Almazan

DeLex Realty License #SA650039000 Listed on: 08/15/2022

DeLex Realty

Last Buyer's Agent

Magda Valdez

Keller Williams Realty Phoenix License #SA665635000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,646

Year Built

  • Built in 1963

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for sewer
  • 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 unkown
  • Ellington Place Subdivision

Building Details

  • Operating Expense $1,646
  • Gross Income $48,000
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,646

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 22nd Street and Southern Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r4
  • Number Of Buildings: 2
  • Year Built: 1963
  • Tax Year: 2021
  • Directions: Head South from Southern Ave. Apartments are on the West side of the street.
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: ELLINGTON PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • 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
  • Parking:Other (See Remarks)24: Yes

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

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 48000.0
  • Property Net Operating Income: 38400.0
  • Annual Operating Expense: 1646.0

Tax Info

  • Tax Annual Amount: 1646.0
  • 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 Type Sale Price Title Company
Warranty Deed $585,000 Capital Title
Warranty Deed $536,000 New Title Company Name
Warranty Deed -- None Listed On Document
Warranty Deed $242,500 First American Title Insuran
Warranty Deed $99,000 American Title Service Agenc
Special Warranty Deed -- Accommodation
Warranty Deed -- Camelback Title Agency
Warranty Deed $220,000 Camelback Title Agency Llc
Warranty Deed $210,000 Commonwealth Title
Interfamily Deed Transfer -- Arizona Title Agency Inc
Interfamily Deed Transfer $101,000 Arizona Title Agency Inc
Interfamily Deed Transfer -- Century Title Agency
Warranty Deed $71,000 Century Title Agency
Joint Tenancy Deed $32,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $438,750 New Conventional
Previous Owner $395,000 New Conventional
Previous Owner $238,107 FHA
Previous Owner $70,500 New Conventional
Previous Owner $418,500 Purchase Money Mortgage
Previous Owner $190,000 Purchase Money Mortgage
Previous Owner $168,000 New Conventional
Previous Owner $36,000 Purchase Money Mortgage
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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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6450167

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-90-436