NOT LISTED FOR SALE

Estimated Value: $699,000 - $895,000

-- Bed
-- Bath
2,860 Sq Ft
$281/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $635,000 $222 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,466/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Madison Heights Elementary School Rated A-

About This Home

As of April 2021

Nicely updated property with curb appeal plus - Sweet triplex with two large 2 bedrooms and one roomy 1 bedroom - a must see to put in your investor portfolio - many improvements made to the property over the last few years include: roof, HVAC units, windows, water heaters, water & gas lines, block wall, gates, windows, kitchens, updated baths, flooring and most of the appliances. Each unit has it's own washer and dryer. Very desirable location with easy access to the 51, close to downtown Phoenix, and excellent hiking trails. Unit A available to preview on Mondays from 8 am to 5 pm and Wednesday through Friday from 8 am to 5 pm - use showing time to set up your appointment - call co-listing agent with any questions - Thank you

Last Agent to Sell the Property

Grant Mastre

Ventana Fine Properties License #SA046290000 Listed on: 03/10/2021

Co-Listed By

Michael Paletta

Ventana Fine Properties License #SA028543000

Last Buyer's Agent

Glenda Morrison

RETSY License #SA551027000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,408

Year Built

  • Built in 1958

Lot Details

  • 10,498

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • Madison Elementary School
  • Madison Meadows Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 160-22-001

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10,087
  • Karlin Place Subdivision

Building Details

  • Operating Expense $1,408
  • Gross Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,408

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 12th Street & Glendale
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2020
  • Directions: South on 12th Street to property - SE corner of 12th Street & Belmont Avenue
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: vnta01
  • Co List Office Phone: 480-538-2124
  • Subdivision Name: KARLIN PLACE
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, <1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: 10,087
  • Additional Parcels: No
  • Parcel #: 160-22-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 41400.0
  • Annual Operating Expense: 1408.0

Tax Info

  • Tax Annual Amount: 1408.0
  • Tax Book Number: 160.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2024
Sold by
Chung Family Trust and Zilversmit Family Living Trust
Bought by
Mclenaghan Living Trust and Mclenaghan
Current Estimated Value
$802,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Outstanding Balance
$643,273
Interest Rate
6.77%
Mortgage Type
Seller Take Back
Estimated Equity
$182,457

Purchase Details

Closed on
Nov 16, 2022
Sold by
Chung Family Trust
Bought by
Chung Family Trust

Purchase Details

Closed on
Sep 24, 2021
Sold by
Tenir Llc
Bought by
Chung Family Trust and Chung

Purchase Details

Closed on
Sep 10, 2021
Sold by
Tenir Llc
Bought by
Chung Aubrey and Chung Family Trust

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 12, 2021
Sold by
Reynolds Chase
Bought by
Zilversmit Shimon and Zilversmit Family Living Trust
Seller's Agent
Grant Mastre
Ventana Fine Properties
Buyer's Agent
Glenda Morrison
RETSY
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%

Purchase Details

Listed on
Aug 8, 2017
Closed on
Nov 16, 2017
Sold by
Macdonald Adam
Bought by
Reynolds Chase
Seller's Agent
John Cunningham
DeLex Realty
Buyer's Agent
Sabrina Watson
Agent Group
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.63%
Original Mortgage
$358,388
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 5, 2017
Closed on
Apr 24, 2017
Sold by
Michael Matthew
Bought by
Macdonald Adam
Seller's Agent
Jesse Pekarek
HomeSmart
Buyer's Agent
John Cunningham
DeLex Realty
List Price
$249,900
Sold Price
$252,000
Premium/Discount to List
$2,100
0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.54%
Interest Rate
3.97%

Purchase Details

Listed on
Jun 13, 2013
Closed on
Jul 10, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Michael Matthew
Seller's Agent
Brandon La Forest
American Scene Real Estate
Buyer's Agent
Jesse Pekarek
HomeSmart
List Price
$119,900
Sold Price
$114,900
Premium/Discount to List
-$5,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.30%
Original Mortgage
$124,264
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2013
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 28, 2013
Sold by
Konow Paul R and Konow Paul
Bought by
Wells Fargo Bank Na
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
Mclenaghan Living Trust $815,000 Commonwealth Land Title
Chung Family Trust -- --
Chung Family Trust -- Great American Title
Chung Aubrey -- Great American Ttl Agcy Inc
Zilversmit Shimon $635,000 Great American Ttl Agcy Inc
Reynolds Chase $365,000 Lawyers Title Of Arizona Inc
Macdonald Adam -- Lawyers Title Of Arizona Inc
Macdonald Adam $252,000 --
Michael Matthew -- None Available
Federal Home Loan Mortgage Corporation -- Accommodation
Wells Fargo Bank Na $160,833 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclenaghan Living Trust $652,000
Previous Owner Reynolds Chase $358,388
Previous Owner Macdonald Adam --
Previous Owner Michael Matthew $124,264
Previous Owner Konow Paul R $158,261
Previous Owner Konow Paul R $166,000
Previous Owner Konow Paul $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $635,000 -2.2% $222 / Sq Ft
04/06/2021 04/06/21 For Sale $649,000 0.0% $227 / Sq Ft
04/06/2021 04/06/21 Price Changed $649,000 0.0% $227 / Sq Ft
03/22/2021 03/22/21 Price Changed $649,000 +8.2% $227 / Sq Ft
03/10/2021 03/10/21 For Sale $599,900 +64.4% $210 / Sq Ft
11/17/2017 11/17/17 Sold $365,000 -2.7% $128 / Sq Ft
11/09/2017 11/09/17 For Sale $375,000 +2.7% $131 / Sq Ft
11/06/2017 11/06/17 Off Market $365,000 -- --
08/08/2017 08/08/17 For Sale $375,000 +48.8% $131 / Sq Ft
04/24/2017 04/24/17 Sold $252,000 +0.8% $88 / Sq Ft
04/09/2017 04/09/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $249,900 +117.5% $87 / Sq Ft
07/26/2013 07/26/13 Sold $114,900 -4.2% $40 / Sq Ft
07/25/2013 07/25/13 Price Changed $119,900 0.0% $42 / Sq Ft
06/27/2013 06/27/13 Pending -- -- --
06/13/2013 06/13/13 For Sale $119,900 -- $42 / 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 $1,497 $13,020 -- --
2024 $1,455 $12,400 -- --
2023 $1,455 $51,880 $10,370 $41,510
2022 $1,409 $35,300 $7,060 $28,240
2021 $1,431 $33,310 $6,660 $26,650
2020 $1,408 $26,610 $5,320 $21,290
2019 $1,377 $23,710 $4,740 $18,970
2018 $1,342 $20,780 $4,150 $16,630
2017 $1,276 $16,160 $3,230 $12,930
2016 $1,230 $13,460 $2,690 $10,770
2015 $1,144 $11,770 $2,350 $9,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6204987

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-001