NOT LISTED FOR SALE

Estimated Value: $648,000 - $1,121,000

Studio
-- Bath
3,356 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 25, 2013

Last sale price $304,000 $91 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $4,586/month

11 Days on Market

Highlights

  • Wood Flooring
  • Community Barbecue Grill
  • Heating Available
  • Cooling Available

About This Home

As of July 2013

Wonderful opportunity to own 2 fully rented 4 plexes. Great tenants in place. Seller has done many improvements and all units are in nice shape. Very spacious 2 bed/2 bath units w/ their own stack washer/dryer. ROI 12% Must sell both 4 plexes together, see 7136 N Glendale Ave. MLS# 4956845 Drive by only. Full inspection on contract acceptance

Last Agent to Sell the Property

Debbie Soultaire

Brian Amada Realty License #SA516983000 Listed on: 06/22/2013

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,358

Year Built

  • Built in 2005

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Washington Elementary School - Phoenix
  • Palo Verde Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 151-24-002-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $11,966
  • Gross Income $30,432
  • Net Operating Income $20,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,358

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: 27th Ave & Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 900.0
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 1288.0
  • Annual Water Sewer Expense: 2055.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Glendale High School
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 151-24-002-G

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 665.0
  • Annual Gross Income: 30432.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 20212.0
  • Annual Operating Expense: 11965.72

Tax Info

  • Tax Annual Amount: 1357.72
  • Tax Book Number: 151.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2013
Closed on
Jul 22, 2013
Sold by
Biersack Todd and Biersack Michelle
Bought by
Shiva Investments Llc
Seller's Agent
Debbie Soultaire
Brian Amada Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$324,000
Sold Price
$304,000
Premium/Discount to List
-$20,000
-6.17%
Current Estimated Value
$849,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,667
Avg. Annual Appreciation
8.56%

Purchase Details

Listed on
May 18, 2012
Closed on
Jun 15, 2012
Sold by
Caruso Dennis
Bought by
Blersack Todd and Biersack Michelle
Seller's Agent
Sharon Campos
Attorneys Realty
Buyer's Agent
Debbie Soultaire
Brian Amada Realty
List Price
$220,000
Sold Price
$182,500
Premium/Discount to List
-$37,500
-17.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.92%
Original Mortgage
$136,875
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2006
Sold by
Phoenix Property Developers Llc
Bought by
Caruso Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,675
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2004
Sold by
Batt Gerald S and Batt Christine C
Bought by
Sandhu Rajwinder Singh and Sandhu Meeta K

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
6.29%
Mortgage Type
Commercial
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
Shiva Investments Llc $608,000 Fidelity National Title Agen
Blersack Todd $182,500 First American Title Ins Co
Caruso Dennis $528,900 Chicago Title Insurance Co
Phoenix Property Developers Llc -- Chicago Title Insurance Co
Sandhu Rajwinder Singh $350,000 Chicago Title Insurnce Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blersack Todd $136,875
Previous Owner Caruso Dennis $396,675
Previous Owner Sandhu Rajwinder Singh $280,000
Closed Sandhu Rajwinder Singh $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2013 07/25/13 Sold $304,000 -6.2% $91 / Sq Ft
07/03/2013 07/03/13 Pending -- -- --
06/22/2013 06/22/13 For Sale $324,000 +77.5% $97 / Sq Ft
07/18/2012 07/18/12 Sold $182,500 -17.0% $91 / Sq Ft View Prior Sale
06/13/2012 06/13/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $220,000 -- $110 / 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 $2,082 $16,381 -- --
2024 $1,967 $15,601 -- --
2023 $1,967 $49,780 $9,950 $39,830
2022 $1,903 $33,370 $6,670 $26,700
2021 $1,927 $30,320 $6,060 $24,260
2020 $1,879 $29,480 $5,890 $23,590
2019 $1,845 $23,920 $4,780 $19,140
2018 $1,797 $20,080 $4,010 $16,070
2017 $1,788 $19,700 $3,940 $15,760
2016 $1,755 $18,860 $3,770 $15,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4956841

Arizona Regional Multiple Listing Service (ARMLS)

APN: 151-24-002G