NOT LISTED FOR SALE
100 Beds
-- Baths
910 Sq Ft
1970 Built

Sale Details

Date Sold: January 31, 2018

Last sale price $4,500,000 $4,945 Per Sq Ft

106 Days on Market

Highlights

  • Heated Community Pool
  • On-Site Manager or Management
  • Ceramic Tile Flooring
  • Washington High School Rated 9+
  • Community Barbecue Grill
  • Individual Controls for Heating

About This Home

As of January 2018

Drive by only. Please contact for showings and property tours.

Last Agent to Sell the Property

Matthew Roach

Orion Investment Real Estate License #SA659386000 Listed on: 10/02/2017

Last Buyer's Agent

Matthew Roach

Orion Investment Real Estate License #SA659386000 Listed on: 10/02/2017

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,082

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 100 Open Parking Spaces
  • 100 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 157-16-018-E

Community Details

Overview

  • 11 Buildings
  • 50 Units
  • Building Dimensions are 3.24 acres
  • West Orangewood Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $23,082
  • Net Operating Income $281,354

Additional Features

  • Community Barbecue Grill
  • On-Site Manager or Management

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,082

Year Built

Built in 1970

Listing Details

  • Cross Street: 19th Avenue & Myrtle Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 11
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: WEST ORANGEWOOD
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 100.0
  • Total Parking Spaces: 100.0
  • General Property Description:Uncvrd Parking Spcs: 100.0
  • General Property Description:Total Parking Spcs: 100.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 3.24 acres
  • Additional Parcels: No
  • Parcel #: 157-16-018-E

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 50
  • Property Net Operating Income: 281354.0
  • Annual Operating Expense: 23082.0

Tax Info

  • Tax Annual Amount: 23082.0
  • Tax Book Number: 157.00
  • Tax Lot: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2022
Sold by
19Th Avenue Apts Lp
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000,000
Outstanding Balance
$18,474,017
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2017
Closed on
Jan 23, 2018
Sold by
Uptown Ipirg Llc
Bought by
19Th Avenue Apts Lp
Seller's Agent
Matthew Roach
Orion Investment Real Estate
Buyer's Agent
Matthew Roach
Orion Investment Real Estate
List Price
$4,600,000
Sold Price
$4,500,000
Premium/Discount to List
-$100,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2015
Sold by
Villa Ventura Apartments Llc
Bought by
Uptown Ipirg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,296,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2013
Sold by
National Real Estate Opportunity Fund I
Bought by
Villa Ventura Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,635,000
Interest Rate
4.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2012
Sold by
Blue Phoenix Holdings Llc
Bought by
National Real Estates Opportunity Fund 1

Purchase Details

Closed on
Jan 11, 2012
Sold by
Blue Phoenix Holdings Llc
Bought by
National Real Estate Opportunity Fund I

Purchase Details

Closed on
May 18, 2007
Sold by
Boyd Properties Llc
Bought by
Blue Phoenix Holdings Llc

Purchase Details

Closed on
Mar 14, 2006
Sold by
Winn Albert
Bought by
Winn Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2004
Sold by
Banovac William D and Banovac Catherine J
Bought by
Boyd Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2001
Sold by
Vernon Co
Bought by
Banovac William D and Banovac Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,740,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 1997
Sold by
Renta Aida and The Aida Renta Living Trust
Bought by
The Vernon Company

Purchase Details

Closed on
Jun 10, 1969
Sold by
Ted Bass Jones Construction Co
Bought by
Ventura Villa
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$25,650,000 Thomas Title & Escrow Llc
19Th Avenue Apts Lp $4,500,000 American Title Service Agenc
Uptown Ipirg Llc $3,197,500 American Title Svc Agency Ll
Villa Ventura Apartments Llc $2,451,450 Fidelity National Title Agen
National Real Estates Opportunity Fund 1 $2,147,618 None Available
National Real Estate Opportunity Fund I $2,147,618 Accommodation
Blue Phoenix Holdings Llc $4,375,000 Capital Title Agency Inc
Winn Kathleen A -- Security Title Agency Inc
Boyd Properties Llc $2,650,000 Tsa Title Agency
Banovac William D $2,175,000 Capital Title Agency
The Vernon Company $1,500,000 Fidelity Title
Ventura Villa -- Transamerica Title Ins Compa
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $20,000,000
Previous Owner 19Th Avenue Apts Lp $8,000,000
Previous Owner Uptown Ipirg Llc $2,296,000
Previous Owner Villa Ventura Apartments Llc $1,635,000
Previous Owner Winn Kathleen A $65,000
Previous Owner Boyd Properties Llc $1,000
Previous Owner Banovac William D $1,740,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $4,500,000 -2.2% $4,945 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $4,600,000 -- $5,055 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,879 $211,517
2024 $25,399 $201,445
2023 $25,399 $786,560 $157,310 $629,250
2022 $24,572 $667,350 $133,470 $533,880
2021 $24,888 $576,130 $115,220 $460,910
2020 $24,266 $454,020 $90,800 $363,220
2019 $23,823 $335,870 $67,170 $268,700
2018 $23,199 $317,500 $63,500 $254,000
2017 $23,082 $242,200 $48,440 $193,760
2016 $22,662 $220,000 $44,000 $176,000
2015 $20,987 $193,610 $38,720 $154,890
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5668147

Arizona Regional Multiple Listing Service (ARMLS)
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