$208,000
SOLD JUL 31, 2017
-- Bed
-- Bath
1,776 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

11 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of December 2018

Well-maintained North Phoenix 4plex with all nice one bedroom units. 3 of the 4 units are long-term tenants on m-t-m leases w/ below market rents. 4th unit is renting for $535 on 1 yr lease expiring 9/30/17. Consistently 100% occupied. Seller has recently upgraded the electrical systems, added one HVAC system, tile flooring, and much more! Expenses are estimated. Buyer to complete and rely on own due diligence. Offering Memorandum and additional information available upon request. Owner pays w/s, tenants pay gas/electric.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 07/08/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Joshua Roubal

Dwellings Realty Group License #SA555438000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,159

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 160-03-029

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6534 SQ

Building Details

  • Operating Expense $8,030
  • Gross Income $21,386
  • Net Operating Income $14,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,159

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Dunlap & 7th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2016
  • Directions: From 7th St & Dunlap, east to 8th Street, north to Puget Avenue.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Electric, Evaporative Cooling
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 6534 SQ
  • Additional Parcels: No
  • Parcel #: 160-03-029

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 21386.4
  • Property Net Operating Income: 14551.0
  • Annual Operating Expense: 8030.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1159.0
  • Tax Book Number: 160.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2021
Sold by
Glassner Stuart
Bought by
Sound801az Llc
Current Estimated Value
$717,328

Purchase Details

Listed on
Sep 12, 2018
Closed on
Dec 20, 2018
Sold by
Invesource Llc
Bought by
Glassner Stuart
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
Tom Witt
RE/MAX Professionals
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$320,000
Interest Rate
4.9%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Jul 8, 2017
Closed on
Jul 28, 2017
Sold by
Lyles Paul B and Lyles Kara L
Bought by
Invesource Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$208,000
Sold Price
$208,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.20%

Purchase Details

Closed on
Aug 10, 2011
Sold by
Caliber Auction Homes Llc
Bought by
Lyles Paul B and Lyles Kara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2011
Sold by
Torres Minerva and Mortgage Electronic Registrati
Bought by
Caliber Auction Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
4.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 23, 2005
Sold by
Cruz Eliasar
Bought by
Torres Minerva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,250
Interest Rate
6.31%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 2, 2005
Sold by
Baltazar Maria R
Bought by
Cruz Eliasar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- New Title Company Name
Special Warranty Deed $450,000 Clear Title Agency Of Arizon
Warranty Deed $208,000 North American Title Company
Special Warranty Deed $117,500 Pioneer Title Agency Inc
Trustee Deed $61,516 None Available
Warranty Deed -- Camelback Title Agency Llc
Interfamily Deed Transfer -- --
Warranty Deed $192,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $336,400 New Conventional
Previous Owner $320,000 Stand Alone First
Previous Owner $75,000 New Conventional
Previous Owner $92,000 Unknown
Previous Owner $61,250 Stand Alone Second
Previous Owner $171,500 Purchase Money Mortgage
Previous Owner $153,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2018 12/31/18 Sold $450,000 -5.3% $253 / Sq Ft
10/30/2018 10/30/18 Price Changed $475,000 -4.8% $267 / Sq Ft
10/12/2018 10/12/18 Price Changed $499,000 -0.2% $281 / Sq Ft
09/12/2018 09/12/18 For Sale $499,900 +140.3% $281 / Sq Ft
07/31/2017 07/31/17 Sold $208,000 0.0% $117 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
07/08/2017 07/08/17 For Sale $208,000 -- $117 / 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 $1,324 $10,822 -- --
2024 $1,300 $10,307 -- --
2023 $1,300 $41,460 $8,290 $33,170
2022 $1,257 $29,730 $5,940 $23,790
2021 $1,273 $28,010 $5,600 $22,410
2020 $1,242 $21,780 $4,350 $17,430
2019 $1,219 $18,110 $3,620 $14,490
2018 $1,187 $15,610 $3,120 $12,490
2017 $1,181 $13,280 $2,650 $10,630
2016 $1,159 $11,410 $2,280 $9,130
2015 $1,074 $10,020 $2,000 $8,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5633901

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-03-029