NOT LISTED FOR SALE

Estimated Value: $515,867 - $894,000

4 Beds
-- Bath
1,400 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: January 30, 2020

Last sale price $361,000 $258 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,517 / mo

39 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A
  • Ceiling Fan

About This Home

As of January 2020

***Back on market...buyer financing fell through*** Excellent investment opportunity! Easy 4 plex with multi-year tenants! Location is great with new MF construction nearby and values rapidly increasing! Easy management too! Block construction with each unit having its own back area too! Onsite washer/dryer hookup onsite. Great hold investment!

Last Agent to Sell the Property

Ron Johnson

Realty ONE Group License #SA046969000 Listed on: 09/18/2019

Last Buyer's Agent

Joshua Gonzalez

Compass License #SA576867000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,235

Year Built

  • Built in 1971

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 159-37-071-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 77x140
  • Tengen Place Subdivision

Building Details

  • Operating Expense $6,065
  • Gross Income $31,200
  • Net Operating Income $26,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,235

Year Built

Built in 1971

Lot Details

0.25 Acres

Listing Details

  • Cross Street: 7th St and Carol (btwn Dunlap and Mountainview)
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: TENGEN PLACE
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 77x140
  • Additional Parcels: No
  • Parcel #: 159-37-071-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Insurance Expense: 750.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 26370.0
  • Annual Operating Expense: 6065.0

Tax Info

  • Tax Annual Amount: 1235.0
  • Tax Book Number: 159.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Jan 28, 2020
Sold by
Paramount Investments Llc
Bought by
Rodriguez Miguel Valencia and Valencia Miguel
Seller's Agent
Ron Johnson
Realty ONE Group
Buyer's Agent
Joshua Gonzalez
Compass
List Price
$359,900
Sold Price
$361,000
Premium/Discount to List
$1,100
0.31%
Current Estimated Value
$641,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,467
Avg. Annual Appreciation
9.67%
Original Mortgage
$180,500
Outstanding Balance
$160,123
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$481,344

Purchase Details

Listed on
Oct 9, 2018
Closed on
Feb 11, 2019
Sold by
Southwest Property Llc
Bought by
Paramount Investment Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Ron Johnson
Realty ONE Group
List Price
$340,000
Sold Price
$265,000
Premium/Discount to List
-$75,000
-22.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.99%

Purchase Details

Closed on
Mar 26, 2018
Sold by
714 E Carol Llc
Bought by
Southwest Property Llc

Purchase Details

Closed on
Dec 14, 2012
Sold by
William Danny L
Bought by
Williams Danny L and Danny L Williams Revocable Tru

Purchase Details

Closed on
Feb 6, 2009
Sold by
Ubelhor Jerry and Carrico Holly Bea
Bought by
714 E Carol Llc

Purchase Details

Closed on
Dec 4, 2008
Sold by
Carrico Holly Bea and Peter Schultz Iv Trust
Bought by
Carrico Holly Bea and Carrico Revocable Trust

Purchase Details

Closed on
Dec 3, 2007
Sold by
Schultz Peter
Bought by
Schultz Peter and Peter Schultz Iv Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,062
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2007
Sold by
Hassel Walter and Hassel Patricia
Bought by
Schultz Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,062
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2006
Sold by
P C Bowen Llc
Bought by
Ja Bowen Llc

Purchase Details

Closed on
Feb 3, 2004
Sold by
Connell Gaston N
Bought by
Hassel Walter and Hassel Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.08%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 1, 2003
Sold by
Bowen & Ollivier Ltd
Bought by
Bowen Phillip C

Purchase Details

Closed on
Mar 26, 1997
Sold by
Williams Floyd and Williams June
Bought by
Fjluw Inc

Purchase Details

Closed on
Feb 20, 1974
Sold by
Ocepek Lawrence and Ocepek Bettie K
Bought by
Ziraldo Edmea M and Ziraldo Rose Marie
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
Rodriguez Miguel Valencia $361,000 Pioneer Title Agency Inc
Paramount Investment Llc $265,000 Stewart Title & Trust Of Pho
Southwest Property Llc $180,000 Empire West Title Agency Llc
Williams Danny L -- None Available
714 E Carol Llc -- None Available
Carrico Holly Bea -- None Available
Schultz Peter -- Capital Title Agency Inc
Schultz Peter $227,500 Capital Title Agency Inc
Ja Bowen Llc -- None Available
Hassel Walter $165,000 Fidelity National Title
Bowen Phillip C $88,313 Lawyers Title Of Arizona Inc
Fjluw Inc -- --
Ziraldo Edmea M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Miguel Valencia $180,500
Previous Owner Schultz Peter $17,062
Previous Owner Schultz Peter $170,625
Previous Owner Hassel Walter $123,750
Closed Hassel Walter $16,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2020 01/30/20 Sold $361,000 +0.3% $258 / Sq Ft
12/17/2019 12/17/19 For Sale $359,900 0.0% $257 / Sq Ft
10/27/2019 10/27/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $359,900 +35.8% $257 / Sq Ft
02/12/2019 02/12/19 Sold $265,000 -16.9% $189 / Sq Ft View Prior Sale
02/06/2019 02/06/19 Pending -- -- --
11/26/2018 11/26/18 Price Changed $319,000 -3.3% $228 / Sq Ft
11/07/2018 11/07/18 Price Changed $330,000 -2.9% $236 / Sq Ft
10/09/2018 10/09/18 For Sale $340,000 -- $243 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,393 $10,963 -- --
2024 $1,317 $10,441 -- --
2023 $1,317 $41,720 $8,340 $33,380
2022 $1,274 $29,300 $5,860 $23,440
2021 $1,290 $24,880 $4,970 $19,910
2020 $1,258 $22,080 $4,410 $17,670
2019 $1,235 $19,410 $3,880 $15,530
2018 $1,202 $16,460 $3,290 $13,170
2017 $1,196 $12,800 $2,560 $10,240
2016 $1,175 $12,000 $2,400 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5979902

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-37-071A

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