NOT LISTED FOR SALE

7514 N 21st Ave Phoenix, AZ 85021

Alhambra Neighborhood

Estimated Value: $351,000 - $492,000

3 Beds
-- Bath
1,250 Sq Ft
$332/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $125,000 $100 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $2,259/month

110 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Washington High School Rated A-
  • Ceiling Fan

About This Home

As of July 2017

Looking for a great investment property? Check out this rare duplex opportunity in a prime Phoenix area, with 1BD/1BA in front and 2BD/1BA in back with block construction and private grass backyards. Newer paint and recently renovated, these fully rented units are clean and well maintained! Conveniently located near Glendale and 19th Ave, a few blocks from the light rail.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 02/24/2017

Co-Listed By

Ruben Greth

Cap Core Real Estate License #SA663418000

Last Buyer's Agent

Dragan Daubenmier

My Home Group Real Estate License #SA637026000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 1956

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 142
  • Assessor Parcel Number 157-22-067-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60X110
  • Vista Income Estates 2 Subdivision

Building Details

  • Operating Expense $5,745
  • Gross Income $16,245
  • Net Operating Income $10,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$620

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 19th Ave. & Northern
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2016
  • Directions: West on Northern to 21st Ave., South on 21st Ave. to address
  • Road Surface Type: Gravel, Dirt, Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 1625.0
  • Co List Office Mls Id: capc01
  • Co List Office Phone: 480-409-1429
  • Subdivision Name: VISTA INCOME ESTATES 2
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1000.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 60X110
  • Additional Parcels: No
  • Parcel #: 157-22-067-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 16245.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 800.0
  • Property Net Operating Income: 10501.0
  • Annual Operating Expense: 5745.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 620.0
  • Tax Book Number: 157.00
  • Tax Lot: 142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2017
Closed on
Jul 11, 2017
Sold by
Fell Kevin W
Bought by
Daubenmier Dragan D
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Dragan Daubenmier
My Home Group Real Estate
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%
Current Estimated Value
$414,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,973
Avg. Annual Appreciation
15.66%
Original Mortgage
$93,750
Outstanding Balance
$78,019
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$336,954

Purchase Details

Closed on
Sep 15, 1997
Sold by
Lamb Geraldine V and Lamb Gary D
Bought by
Fell Kevin W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
7.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Daubenmier Dragan D $125,000 Clear Title Agency Of Arizon
Fell Kevin W $68,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daubenmier Dragan D $93,750
Previous Owner Fell Kevin W $61,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2017 07/11/17 Sold $125,000 -10.7% $100 / Sq Ft
02/24/2017 02/24/17 For Sale $140,000 -- $112 / 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 $705 $6,149 -- --
2024 $692 $5,856 -- --
2023 $692 $21,370 $4,270 $17,100
2022 $669 $14,580 $2,910 $11,670
2021 $681 $13,900 $2,780 $11,120
2020 $664 $13,110 $2,620 $10,490
2019 $651 $10,450 $2,090 $8,360
2018 $634 $7,950 $1,590 $6,360
2017 $631 $8,360 $1,670 $6,690
2016 $620 $7,420 $1,480 $5,940
2015 $575 $6,080 $1,210 $4,870
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Sullivan

    Seller's Agent in 2017

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    1 in this area

    29 Total Sales

    Patrick O'Sullivan
    Section Image

  • R

    Seller Co-Listing Agent in 2017

    Ruben Greth

    Cap Core Real Estate

    Section Image

  • D

    Buyer's Agent in 2017

    Dragan Daubenmier

    My Home Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5566303

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-22-067B

Arizona Maricopa County Phoenix 85021 Alhambra

7514 N 21st Ave, Phoenix, AZ

This home is located at 7514 N 21st Ave, Phoenix, AZ 85021 since 24 February 2017 and is currently estimated at $414,973, approximately $331 per square foot. This property was built in 1956. 7514 N 21st Ave is a home located in Maricopa County with nearby schools including Orangewood School, Washington High School, and SC Jensen Online.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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