7553 N 21st Ave Phoenix, AZ 85021
Alhambra Neighborhood
--
Bed
--
Bath
3,188
Sq Ft
0.27
Acres
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Individual Controls for Heating
- Washington High School Rated A-
- Ceiling Fan
About This Home
As of January 2021Built in 2003 and fully rented 4- plex in great central Phoenix location, walking distance to the light rail and a few minutes drive to the I-17. All 2 bedroom, 1 bath apartments are about 800 s/f with newer renovation including completely tiled flooring thru-out. Units 1 and 2 have completely replaced Carrier a/c and heat systems in 2016 that are still under warranty, units 2 and 3 have had outside a/c compressor units replaced in 2011, all a/c systems have been recently serviced and are working great. All the apartments have stacked, in unit washer/dryers and fenced private backyards with paver patios for easy and quick renting with happy tenants. Total building on corner lot with fire sprinkler system,newer exterior paint, low maintenance landscaping and well maintained inside and out. All the apartments have stacked, in unit washer/dryers and fenced private backyards with paver patios for easy and quick renting with happy tenants. Total building fire sprinkler system,newer exterior paint, low maintenance landscaping and well maintained inside and out. All apartments are handicap accessible, have off street parking and security doors front and rear. $3131 monthly gross rent rolls with market rent increase upside, this is a turn key, ready to go money maker! Drive by only, please do not disturb tenants! Inside showing with accepted offers only, owners are licensed AZ real estate agents.
Last Agent to Sell the Property
Tina Newman
Realty ONE Group License #SA521282000 Listed on: 11/06/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,121
Year Built
- Built in 2003
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity
- 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 $13,463
- Gross Income $35,693
- Net Operating Income $20,477
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
40
Current Estimated Value
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
9.76%
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
9.65%
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
Similar Homes in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $550,000 | Magnus Title Agency | |
| Warranty Deed | -- | Title Agency Inc | |
| Warranty Deed | $400,000 | Great American Title Agency | |
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | $305,000 | North American Title Company | |
| Cash Sale Deed | $250,000 | Chicago Title | |
| Cash Sale Deed | $110,000 | Chicago Title | |
| Warranty Deed | -- | Westland Title Agency Of Az | |
| Special Warranty Deed | $440,000 | The Talon Group Arrowhead | |
| Warranty Deed | $296,000 | Fidelity National Title | |
| Warranty Deed | $299,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Previous Owner | $300,000 | New Conventional | |
| Previous Owner | $330,000 | Purchase Money Mortgage | |
| Previous Owner | $308,000 | New Conventional | |
| Previous Owner | $207,200 | New Conventional | |
| Previous Owner | $239,200 | New Conventional |
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
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
-
Soyun Wong
Seller's Agent in 2021
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
(480) 334-7775
2 in this area
16 Total Sales
-
Shawn Rogers
Buyer's Agent in 2021
Shawn Rogers
West USA Realty
(480) 313-7031
7 in this area
487 Total Sales
-
Michael Lee
M
Buyer Co-Listing Agent in 2021
Michael Lee
West USA Realty
(480) 818-6848
1 in this area
31 Total Sales
-
Seller's Agent in 2018
Tina Newman
Realty One Group
-
Seller's Agent in 2012
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
L
Seller Co-Listing Agent in 2012
Lois Kaipainen
Income Property Shop
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5690238
APN: 157-19-119
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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