NOT LISTED FOR SALE

Estimated Value: $826,000 - $1,270,000

9 Beds
5.5 Baths
4,459 Sq Ft
0.44 Acres

Last Sold October 09, 2020

Last sale price $780,000 $175 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,067/month

86 Days on Market

Highlights

  • 0.44 Acre Lot
  • Property is near public transit
  • No HOA
  • Mountain View
  • Vaulted Ceiling
  • Patio

About This Home

As of October 2020

Here is a rare opportunity to own a multi-family, fourplex right in the heart of Old Town Scottsdale, steps from world-class art galleries, old-towns Scottsdale famous cuisine, and in the heart of the Valley's most prominent Nightlife. The building and units are well-kept, and all unit leases are set to expire on or before October. The existing building includes 4-total units, Unit-1 = 2-bed, 1.5-bath, and approx. 1100-SqFt | Unit 2 = 2-bed, 1.0-bath, and approx. 1000-SqFt | Unit 3 = 2-bed, 1.5-bath, and approx. 1100-SqFt | Unit 4 = 3-bed, 2.0-bath, and approx. 1300-SqFt. If the units are remodeled, the long-term rental potential is over $6500.00 per month. If used as an Airbnb/Vacation rental, the rental potential is more immense. No HOA, adjacent to a large park, located... CLICK MORE. right on Scottsdale Rd. and Thomas, within 2-miles of Fashion Square, L-101, L-202, and 5-miles from Tempe Town Lake, ASU, and Tempe Marketplace.

Last Agent to Sell the Property

Kyle Roetter

My Home Group Real Estate License #SA673111000 Listed on: 06/04/2020

My Home Group Real Estate

Co-Listed By

Caleb Williams

HomeSmart License #SA655104000

Last Buyer's Agent

Kyle Roetter

My Home Group Real Estate License #SA673111000 Listed on: 06/04/2020

My Home Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,959

Year Built

  • Built in 1959

Lot Details

  • Desert faces the front of the property
  • 1 Common Wall
  • Two or More Common Walls
  • Partially Fenced Property

Home Design

  • Brick Exterior Construction
  • Spray Foam Insulation
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 4,459 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Mountain Views
  • Laminate Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 4 Carport Spaces
  • Common or Shared Parking
  • Assigned Parking

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Tonalea K-8 Elementary School
  • Supai Middle School
  • Coronado High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • No Home Owners Association
  • Association fees include no fees, (see remarks)
  • E 134' Of W 264' Of S 140' Of N2 N2 Se4 Ne4 .43Ac Subdivision

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 129-05-010-J

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,959

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Rd. & Thomas Rd.
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 6.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1959
  • Tax Year: 2019
  • Directions: Head South on Scottsdale Rd, turn Right onto Virginia Ave, turn Left onto 71st Pl, complex is found on the Left
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.44
  • Co List Office Mls Id: myhg02
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: E 134' OF W 264' OF S 140' OF N2 N2 SE4 NE4 .43AC
  • Architectural Style: Other (See Remarks), Ranch
  • Property Attached Yn: Yes
  • Tax Parcel Letter: J
  • ResoBuildingAreaSource: Assessor
  • Construction Brick: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 9
  • Total Bedrooms: 9
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Other, See Remarks, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Laminate Counters
  • Living Area: 4459.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • Community Features:See Remarks2: Yes

Exterior Features

  • Fencing: See Remarks, Partial
  • Exterior Features: Patio
  • Lot Features: Desert Front, Gravel/Stone Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, Two Common Walls
  • Construction Type: Painted, Block, Brick, Spray Foam Insulation
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes
  • Construction:Spray Foam Insulatn: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Separate Strge Area, Assigned, Common
  • Attached Garage: No
  • Carport Spaces: 4.0
  • Open Parking Spaces: 6.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Common: Yes
  • Parking Features:Other7: Yes

Utilities

  • Cooling: Ceiling Fan(s), Other, Refrigeration, See Remarks
  • Heating: Other, See Remarks, Electric
  • Water Source: City Water
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop
  • Amenities: None, Other
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: No Fees, Other (See Remarks)

Schools

  • Elementary School: Tonalea K-8
  • High School: Coronado High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Supai Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 18967.0
  • Parcel #: 129-05-010-J
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNK

Tax Info

  • Tax Annual Amount: 1959.0
  • Tax Book Number: 129.00
  • Tax Lot: 34
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Oct 8, 2020
Sold by
Huey Ronald and Huey Vicky
Bought by
Bailey Jeff and Ditraglia Christina
Seller's Agent
Kyle Roetter
My Home Group Real Estate
Buyer's Agent
Kyle Roetter
My Home Group Real Estate
List Price
$800,000
Sold Price
$780,000
Premium/Discount to List
-$20,000
-2.5%
Total Days on Market
86
Current Estimated Value
$1,112,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,156
Avg. Annual Appreciation
7.95%
Original Mortgage
$585,000
Outstanding Balance
$432,371
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$679,785

Purchase Details

Closed on
May 24, 2016
Sold by
Huey Roland and Huey Vicky
Bought by
Huey Family Trust and Huey Vicky

Purchase Details

Closed on
Aug 31, 2005
Sold by
Ross James W and Ross Kim Anne
Bought by
Huey Roland and Huey Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 1997
Sold by
Vokes David
Bought by
Ross James W and Ross Kim Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,477
Interest Rate
7.46%
Mortgage Type
New Conventional
Source: Public Records

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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
Bailey Jeff $780,000 First Integrity Title Agency
Huey Family Trust -- None Available
Huey Roland $535,000 Guaranty Title Agency
Ross James W $158,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Jeff $585,000
Previous Owner Huey Roland $370,500
Previous Owner Ross James W $153,477
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $780,000 -2.5% $175 / Sq Ft
08/27/2020 08/27/20 For Sale $800,000 +2.6% $179 / Sq Ft
06/04/2020 06/04/20 Off Market $780,000 -- --
06/02/2020 06/02/20 For Sale $800,000 -- $179 / 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 $1,984 $29,328 -- --
2024 $1,961 $27,931 -- --
2023 $1,961 $78,520 $15,700 $62,820
2022 $1,861 $60,100 $12,020 $48,080
2021 $1,977 $63,910 $12,780 $51,130
2020 $1,960 $52,960 $10,590 $42,370
2019 $1,891 $46,030 $9,200 $36,830
2018 $1,831 $32,420 $6,480 $25,940
2017 $1,754 $27,680 $5,530 $22,150
2016 $1,720 $22,910 $4,580 $18,330
2015 $1,637 $26,380 $5,270 $21,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6085857

Arizona Regional Multiple Listing Service (ARMLS)

APN: 129-05-010J