$1,083,333
SOLD FEB 1, 2022
-- Bed
-- Bath
3,420 Sq Ft
1962 Built

Recently Sold

$317 Per Sq Ft

6% Below List Price

80 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 4-minute walk to Paiute Park
  • Tavan Elementary School Rated A
  • Heating Available

About This Home

As of August 2025

Welcome to Four on Avalon. This four plex is in the heart of Old Town Scottsdale in nice Cul-del-sac lot! This property is an amazing opportunity to do a full remodel! Property has been self managed with month to month tenants. Currently below market rents 500-600. Market rate once renovated 1500-1900. One 1 bedroom 1 bath and Three 2 bedroom 1 bath units. Once remodel proforma cap 5.5-6 cap. Could also make into a Air B&B for even a higher return. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale. Also available as part of a portfolio sale with same owners and unit mix and rent are 6616 E Avalon, 6622 E Avalon, and 6613 E Cherry Lynn also available for $1,150,000 each.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/05/2021

Co-Listed By

Michael Gordon

Grace CRE License #BR688636000

Last Buyer's Agent

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/05/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,692

Year Built

  • Built in 1962

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 106
  • Assessor Parcel Number 130-09-053

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Oasis Plaza Subdivision

Building Details

  • Operating Expense $9,492
  • Gross Income $80,370
  • Net Operating Income $70,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,692

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 68TH & THOMAS
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: OASIS PLAZA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 130-09-053

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 80370.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 70878.0
  • Annual Operating Expense: 9492.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1692.0
  • Tax Book Number: 130.00
  • Tax Lot: 106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 30, 2022
Sold by
Sophia Willets
Bought by
Tmv Avalon Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sean Normoyle
Success Property Brokers
List Price
$2,199,000
Sold Price
$1,833,333
Premium/Discount to List
-$365,667
-16.63%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.19%
Original Mortgage
$3,575,000
Outstanding Balance
$3,421,898
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
-$1,852,898

Purchase Details

Listed on
Oct 5, 2021
Closed on
Jan 26, 2022
Sold by
6628 E Avalon Llc
Bought by
Willets Sophia and Sophia Willets Pllc 401 K And
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$1,150,000
Sold Price
$1,083,333
Premium/Discount to List
-$66,667
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.91%
Original Mortgage
$930,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2019
Sold by
Rowland Michael R
Bought by
6628 E Avalon Llc

Purchase Details

Closed on
Feb 3, 2010
Sold by
Rowland Liadain
Bought by
Rowland Michael R

Purchase Details

Closed on
Sep 9, 2009
Sold by
Mcconnell Mark and Nagle Michael
Bought by
Rowland Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2005
Sold by
Varlas Phillip D and Varlas Lori Ann
Bought by
Mcdowell Mark and Nagle Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 27, 2005
Sold by
Nagle Nicolle
Bought by
Nagle Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 11, 2005
Sold by
Beckerman Gary and Beckerman Janet
Bought by
Varlas Phillip D and Varlas Lori Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2003
Sold by
Avalon Properties Corp
Bought by
Beckerman Gary and Beckerman Janet

Purchase Details

Closed on
Jul 19, 1995
Sold by
Geantil Thomas
Bought by
Mirbod Mohammad A

Purchase Details

Closed on
Jul 14, 1995
Sold by
Mirbod Nooshin K
Bought by
Mirbod Mohammed A
Source: Public Records

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Range of Values:

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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
Special Warranty Deed $5,500,000 Chicago Title
Warranty Deed $1,083,333 Chicago Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $155,000 Chicago Title
Joint Tenancy Deed $400,000 --
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $315,000 Capital Title Agency Inc
Special Warranty Deed $4,399,000 Capital Title Agency Inc
Warranty Deed $120,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,575,000 New Conventional
Previous Owner $1,162,000 New Conventional
Previous Owner $930,000 New Conventional
Previous Owner $116,250 New Conventional
Previous Owner $320,000 Negative Amortization
Previous Owner $252,000 New Conventional
Closed $31,500 No Value Available
Closed $40,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $1,295,000 0.0% --
09/02/2025 09/02/25 For Sale $1,295,000 +8.2% --
08/29/2025 08/29/25 Sold $1,196,666 -7.6% --
08/04/2025 08/04/25 For Sale $1,295,000 -29.4% --
09/30/2022 09/30/22 Sold $1,833,333 0.0% $536 / Sq Ft
08/22/2022 08/22/22 Off Market $1,833,333 -- --
07/23/2022 07/23/22 Price Changed $1,999,000 -9.1% $585 / Sq Ft
07/07/2022 07/07/22 For Sale $2,199,000 +103.0% $643 / Sq Ft
02/01/2022 02/01/22 Sold $1,083,333 -5.8% $317 / Sq Ft
10/22/2021 10/22/21 For Sale $1,150,000 +6.2% $336 / Sq Ft
10/20/2021 10/20/21 Off Market $1,083,333 -- --
10/04/2021 10/04/21 For Sale $1,150,000 -- $336 / 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 $1,701 $24,492 -- --
2024 $1,686 $23,326 -- --
2023 $1,686 $86,680 $17,330 $69,350
2022 $1,591 $59,460 $11,890 $47,570
2021 $1,692 $51,080 $10,210 $40,870
2020 $1,678 $42,450 $8,490 $33,960
2019 $1,632 $32,000 $6,400 $25,600
2018 $1,575 $29,980 $5,990 $23,990
2017 $1,512 $35,330 $7,060 $28,270
2016 $1,478 $27,230 $5,440 $21,790
2015 $1,413 $22,600 $4,520 $18,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6302812

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-09-053