M
Seller's Agent in 2019
Michael Fitzpatrick
Branka Realty, LLC
717 E Amelia Ave Phoenix, AZ 85014
Central City NeighborhoodEstimated Value: $766,000 - $967,000
Studio
--
Bath
2,610
Sq Ft
$343/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Multiple Heating Units
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of December 2019DO NOT DISTURB TENANTS; DRIVE BY ONLY. No sign on property. Do not walk property. Agent is Principal.
Amazing investor special in the heart of Phoenix. Fully updated inside and out with stable tenant base. Don't miss this opportunity for a fantastic cash producing asset in the center of a rapidly appreciating part of town. Individually metered, 100% ceramic tile, granite countertops, new roof installed December 2014, two of the four units with new AC units in 2017, newer appliances and cabinetry, and a double size lot with off-street covered parking make this property a Landlords dream. Desert landscaping keeps your water and landscape expense low, and upgraded finishes make vacancies short and easy to fill. This fourplex is in the middle of everything. This apartment complex sits just next to the Midtown and Country Club districts and offers easy access to business, light rail, restaurants and all that downtown Phoenix has to offer. Tenant amenities include added storage in each unit, large common area, off-street covered parking, new windows and doors for lower power bills, and kitchens that are a chefs dream complete with a dishwasher, garbage disposal, smooth surface range, and tons of counter space.
Trash expense included with water/sewer; Owner appliances will convey; Showings with accepted contract only; Agent is Principal. Buyer to verify appliances during inspection and may not rely on photographs provided in listing. All financial figures and rents are pro-forma and approximate. All measurements are approximate.
Last Agent to Sell the Property
Michael Fitzpatrick
Branka Realty, LLC License #SA650823000 Listed on: 08/01/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,768
Year Built
- Built in 1953
Lot Details
- Property fronts an alley
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- On-Street Parking
Schools
- Longview Elementary School
- Osborn Middle School
- North High School
Utilities
- Multiple cooling system units
- Multiple Heating Units
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Legal Lot and Block 13 & 15 / 3
- Assessor Parcel Number 118-04-056-A
Community Details
Overview
- 4 Units
- Building Dimensions are 100 x 120
- Campbell Add Subdivision
Building Details
- Operating Expense $6,268
- Gross Income $43,890
- Net Operating Income $37,622
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 30, 2022
Sold by
Shipley Christine
Bought by
Shipley I Llc
Current Estimated Value
Purchase Details
Listed on
Aug 1, 2019
Closed on
Oct 14, 2019
Sold by
Shipley Jeffery
Bought by
Shipley Christine
Seller's Agent
Michael Fitzpatrick
Branka Realty, LLC
Buyer's Agent
Kristi Thames
Dunlap & Magee Property Management, INC.
List Price
$575,000
Sold Price
$575,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$431,250
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2014
Sold by
Kfb Properties Llc
Bought by
Kfb Prop-1 Llc
Purchase Details
Listed on
Nov 13, 2013
Closed on
Mar 19, 2014
Sold by
Ciulla Jay
Bought by
Kfb Properties Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mike Fitzgerald
Fitzgerald Real Estate Company
List Price
$249,000
Sold Price
$252,000
Premium/Discount to List
$3,000
1.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.19%
Original Mortgage
$189,000
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2006
Sold by
345 North Royal Palm Llc
Bought by
Ciulla Jay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 7, 2004
Sold by
Callies Laura J and Mann Paul L
Bought by
345 North Royal Palm Llc
Purchase Details
Closed on
Jul 9, 2004
Sold by
Nelson Christine
Bought by
Mann Paul L and Callies Laura J
Purchase Details
Closed on
May 18, 2004
Sold by
345 North Royal Palm Llc
Bought by
Mann Paul L and Callies Laura J
Purchase Details
Closed on
Mar 7, 2002
Sold by
Nelson Willis S
Bought by
345 North Royal Palm Llc
Purchase Details
Closed on
Apr 1, 1998
Sold by
Ong Bruce Alan
Bought by
345 N Royal Palm Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shipley I Llc | -- | -- | |
| Shipley Christine | -- | First American Title Ins Co | |
| Shipley Christine | $575,000 | First American Title Ins Co | |
| Kfb Prop-1 Llc | -- | None Available | |
| Kfb Properties Llc | $252,000 | Chicago Title Agency Inc | |
| Ciulla Jay | $295,000 | Chicago Title Insurance Co | |
| 345 North Royal Palm Llc | -- | -- | |
| Mann Paul L | -- | -- | |
| Mann Paul L | -- | -- | |
| 345 North Royal Palm Llc | -- | -- | |
| 345 N Royal Palm Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shipley Christine | $431,250 | |
| Previous Owner | Kfb Properties Llc | $189,000 | |
| Previous Owner | Ciulla Jay | $236,000 | |
| Closed | Ciulla Jay | $29,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2019 12/02/19 | Sold | $575,000 | 0.0% | $220 / Sq Ft | |
| 10/14/2019 10/14/19 | Pending | -- | -- | -- | |
| 10/01/2019 10/01/19 | For Sale | $575,000 | 0.0% | $220 / Sq Ft | |
| 09/26/2019 09/26/19 | Pending | -- | -- | -- | |
| 09/22/2019 09/22/19 | For Sale | $575,000 | 0.0% | $220 / Sq Ft | |
| 09/22/2019 09/22/19 | Price Changed | $575,000 | -6.5% | $220 / Sq Ft | |
| 09/02/2019 09/02/19 | Pending | -- | -- | -- | |
| 08/23/2019 08/23/19 | Price Changed | $615,000 | -4.7% | $236 / Sq Ft | |
| 08/15/2019 08/15/19 | Price Changed | $645,000 | -7.2% | $247 / Sq Ft | |
| 08/01/2019 08/01/19 | For Sale | $695,000 | +175.8% | $266 / Sq Ft | |
| 03/26/2014 03/26/14 | Sold | $252,000 | +1.2% | $97 / Sq Ft | View Prior Sale |
| 02/10/2014 02/10/14 | Pending | -- | -- | -- | |
| 11/12/2013 11/12/13 | For Sale | $249,000 | -- | $95 / 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 | $2,077 | $15,998 | -- | -- |
| 2024 | $1,939 | $15,236 | -- | -- |
| 2023 | $1,939 | $57,410 | $11,480 | $45,930 |
| 2022 | $1,929 | $44,410 | $8,880 | $35,530 |
| 2021 | $1,961 | $37,970 | $7,590 | $30,380 |
| 2020 | $1,912 | $31,150 | $6,230 | $24,920 |
| 2019 | $1,829 | $26,880 | $5,370 | $21,510 |
| 2018 | $1,768 | $20,770 | $4,150 | $16,620 |
| 2017 | $1,623 | $19,860 | $3,970 | $15,890 |
| 2016 | $1,566 | $15,410 | $3,080 | $12,330 |
Source: Public Records
Agents Affiliated with this Home
-
-
Kristi Thames
Buyer's Agent in 2019
Kristi Thames
Dunlap & Magee Property Management, INC.
(602) 244-1006
21 Total Sales
-
L
Seller's Agent in 2014
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
L
Seller Co-Listing Agent in 2014
Lois Kaipainen
Income Property Shop
-
M
Buyer's Agent in 2014
Mike Fitzgerald
Fitzgerald Real Estate Company
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5960187
APN: 118-04-056A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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