$1,250,000
SOLD FEB 12, 2025
-- Bed
-- Bath
2,548 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available

About This Home

As of February 2025

Amazing investment opportunity located in Old Town Scottsdale! This fully remodeled 4 plex features all 2 bed 1 bath units which are fully occupied. Complete with covered parking in the back of the property, this is a plug and play opportunity for any investor looking to add to their portfolio!(2024 financials available)

Last Agent to Sell the Property

Jared Shahon

Compass License #SA686695000 Listed on: 01/13/2025

Compass

Last Buyer's Agent

Jed Gray

Real Broker License #SA630746000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,427

Year Built

  • Built in 1955

Home Design

  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 130-15-064

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.192 acres / 8,361 sqft
  • Western Villa Subdivision

Building Details

  • Operating Expense $1,427
  • Gross Income $72,213
  • Net Operating Income $49,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,427

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 68th St. & Osborn
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-7
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2024
  • Directions: East on Thomas, North on 68th St, property is on the corner of Avalon & 68th St.
  • Road Frontage Type: Alley
  • Road Surface Type: Dedicated Street
  • Subdivision Name: WESTERN VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Carport
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 0.192 acres / 8,361 sqft
  • Additional Parcels: No
  • Parcel #: 130-15-064

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 72213.46
  • Property Net Operating Income: 49110.45
  • Annual Operating Expense: 1427.0

Tax Info

  • Tax Annual Amount: 1427.0
  • Tax Book Number: 130.00
  • Tax Lot: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Feb 5, 2025
Sold by
Huntley Family Trust and Huntley Marianne
Bought by
V7 Investments Llc
Seller's Agent
Jared Shahon
Compass
Buyer's Agent
Jed Gray
Real Broker
List Price
$1,250,000
Sold Price
$1,250,000
Total Days on Market
2
Views
8
Current Estimated Value
$1,286,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,101
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
Aug 20, 2019
Sold by
Avalon Investment Partners Llc
Bought by
Huntley Kim and Huntley Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 25, 2018
Sold by
Avalon Investment Partnes Llc
Bought by
Avalon Investment Partners Llc

Purchase Details

Closed on
Mar 28, 2018
Sold by
Stum Jamie and Stum Nathan
Bought by
Stum Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2018
Sold by
Briggs Kristen and Briggs Aaron P
Bought by
Briggs Aaron P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2010
Sold by
Singh Randhir
Bought by
Singh Randhir and Singh Gurdeep K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2007
Sold by
Singh Grudeep A
Bought by
Singh Randhir

Purchase Details

Closed on
Mar 17, 2006
Sold by
Fagan Michelene
Bought by
Fagas John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2006
Sold by
Western Villa Llc
Bought by
Fagan John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 2005
Sold by
Fagan John and Fagan Michelene K
Bought by
Western Villa Llc

Purchase Details

Closed on
Jan 7, 2005
Sold by
Giller Thomas W
Bought by
Fagan John and Fagan Michelene K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 1998
Sold by
Deakin Frank A
Bought by
Giller Thomas W

Purchase Details

Closed on
Jun 25, 1998
Sold by
Giller Whitney Elizabeth
Bought by
Giller Thomas W
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 $1,261,362 Security Title Agency
Special Warranty Deed $888,000 Thomas Title & Escrow
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Thomas Title And Escrow Agen
Special Warranty Deed $430,000 Thomas Title & Escrow
Interfamily Deed Transfer -- Thomas Title And Escrow Agen
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Fidelity National Title
Cash Sale Deed $325,000 Fidelity National Title
Cash Sale Deed $300,629 Fidelity National Title
Interfamily Deed Transfer -- Transnation Title Ins Co
Quit Claim Deed -- Transnation Title Ins Co
Warranty Deed -- --
Warranty Deed $300,000 Capital Title Agency Inc
Warranty Deed $125,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 New Conventional
Previous Owner $390,000 Adjustable Rate Mortgage/ARM
Previous Owner $390,000 Adjustable Rate Mortgage/ARM
Previous Owner $322,500 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $280,000 Unknown
Previous Owner $80,000 Stand Alone Second
Previous Owner $210,000 New Conventional
Previous Owner $65,000 Unknown
Closed $75,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $1,250,000 0.0% $491 / Sq Ft
01/13/2025 01/13/25 For Sale $1,250,000 -- $491 / 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 $1,427 $20,902 -- --
2024 $1,407 $19,907 -- --
2023 $1,407 $68,110 $13,620 $54,490
2022 $1,338 $46,980 $9,390 $37,590
2021 $1,423 $40,330 $8,060 $32,270
2020 $1,411 $33,250 $6,650 $26,600
2019 $1,368 $29,120 $5,820 $23,300
2018 $1,325 $23,530 $4,700 $18,830
2017 $1,268 $22,970 $4,590 $18,380
2016 $1,239 $20,250 $4,050 $16,200
2015 $1,187 $16,430 $3,280 $13,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6804284

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-15-064