NOT LISTED FOR SALE

Estimated Value: $694,917 - $1,008,000

-- Bed
-- Bath
3,188 Sq Ft
$259/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $550,000 $173 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,822/month

29 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Washington High School Rated A-

About This Home

As of January 2021

Great investment opportunity! This 4- plex is close to the light rail & I17 in a growing central Phoenix location. These are all 2 bed/1 bath units approx. 800 s/f with newer renovation including completely tiled flooring thru-out. Each units has stacked W/D & fenced private backyards w/paver patios. HVACs are in good condition & maintenainced regularily. Building on corner lot with fire sprinkler system,newer exterior paint, low maintenance landscaping & parking lot. Property is well maintained in & out.

Last Agent to Sell the Property

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000 Listed on: 01/11/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Shawn Rogers

West USA Realty License #SA569673000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,272

Year Built

  • Built in 2003

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 157-19-119

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Morten Avenue Estates Subdivision

Building Details

  • Operating Expense $12,650
  • Gross Income $51,802
  • Net Operating Income $41,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,272

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: 21st Avenue and Morton
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 2003
  • Tax Year: 2020
  • Directions: S on 21st Ave from Northern. Property on the East side
  • Road Surface Type: Asphalt
  • Subdivision Name: MORTEN AVENUE ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • 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:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 157-19-119

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 5000.0
  • Annual Gross Income: 51801.6
  • Insurance Expense: 1753.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 41955.0
  • Annual Operating Expense: 12650.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2272.0
  • Tax Book Number: 157.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Grethen Stephanie
Bought by
Grethen Stephanie and Grethen Living Trust
Total Days on Market
29
Current Estimated Value
$826,229

Purchase Details

Listed on
Jan 11, 2021
Closed on
Jan 12, 2021
Sold by
P & K Rental Property Llc
Bought by
Grethen Stephanie
Seller's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Shawn Rogers
West USA Realty
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$412,500
Outstanding Balance
$372,348
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$453,881

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jan 31, 2018
Sold by
Chokshi Parag
Bought by
P & K Rental Property Llc
Seller's Agent
Tina Newman
Realty ONE Group
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Original Mortgage
$300,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2014
Sold by
Newman Thomas R and Newman Tina M
Bought by
Ttaz Llc

Purchase Details

Closed on
Jan 10, 2014
Sold by
Cnm Llc
Bought by
Newman Thomas R and Newman Tina M

Purchase Details

Listed on
May 6, 2012
Closed on
Jun 12, 2012
Sold by
Covaciu Cristian and Covaciu Magdalena
Bought by
Cnm Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Kathy Reed
Berkshire Hathaway HomeServices Arizona Properties
List Price
$289,000
Sold Price
$250,000
Premium/Discount to List
-$39,000
-13.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%

Purchase Details

Closed on
Sep 7, 2011
Sold by
James Clemons Etha M
Bought by
Covaciu Cristian and Covaciu Magdalena

Purchase Details

Closed on
Nov 26, 2007
Sold by
Walker James
Bought by
James Clemons Etha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2005
Sold by
Dp & Kym Properties Llc
Bought by
James Clemons Etha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2003
Sold by
21St Avenue & Morgan Llc
Bought by
Morgan Denis and Morgan Pia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2003
Sold by
21St Avenue & Morten Llc
Bought by
Widdows Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
5.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grethen Stephanie -- None Available
Grethen Stephanie $550,000 Magnus Title Agency
P & K Rental Property Llc -- Title Agency Inc
Chokshi Parag $400,000 Great American Title Agency
Ttaz Llc -- None Available
Newman Thomas R $305,000 North American Title Company
Cnm Llc $250,000 Chicago Title
Covaciu Cristian $110,000 Chicago Title
James Clemons Etha M -- Westland Title Agency Of Az
James Clemons Etha M $440,000 The Talon Group Arrowhead
Morgan Denis $296,000 Fidelity National Title
Widdows Michael $299,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grethen Stephanie $412,500
Previous Owner Chokshi Parag $300,000
Previous Owner James Clemons Etha M $330,000
Previous Owner James Clemons Etha M $308,000
Previous Owner Morgan Denis $207,200
Previous Owner Widdows Michael $239,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $550,000 -1.8% $173 / Sq Ft
01/14/2021 01/14/21 For Sale $560,000 0.0% $176 / Sq Ft
01/14/2021 01/14/21 Price Changed $560,000 0.0% $176 / Sq Ft
12/16/2020 12/16/20 For Sale $560,000 +40.0% $176 / Sq Ft
02/07/2018 02/07/18 Sold $400,000 -5.9% $125 / Sq Ft
01/06/2018 01/06/18 For Sale $425,000 0.0% $133 / Sq Ft
01/06/2018 01/06/18 Price Changed $425,000 0.0% $133 / Sq Ft
12/16/2017 12/16/17 Pending -- -- --
11/06/2017 11/06/17 For Sale $425,000 +70.0% $133 / Sq Ft
06/15/2012 06/15/12 Sold $250,000 -13.5% $78 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
05/06/2012 05/06/12 For Sale $289,000 -- $91 / 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 $2,422 $19,801 -- --
2024 $2,378 $18,858 -- --
2023 $2,378 $47,880 $9,570 $38,310
2022 $2,300 $40,910 $8,180 $32,730
2021 $2,330 $39,980 $7,990 $31,990
2020 $2,272 $38,280 $7,650 $30,630
2019 $2,230 $38,230 $7,640 $30,590
2018 $2,172 $32,610 $6,520 $26,090
2017 $2,161 $27,350 $5,470 $21,880
2016 $2,121 $26,720 $5,340 $21,380
2015 $1,965 $20,900 $4,180 $16,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6179405

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-19-119