S
Seller's Agent in 2020
Steve Lugo, Jr.
Realty One Group
802 E Townley Ave Phoenix, AZ 85020
North Central NeighborhoodEstimated Value: $832,612 - $1,004,000
6
Beds
--
Bath
3,072
Sq Ft
$302/Sq Ft
Est. Value
Highlights
- Cooling Available
- Sunnyslope High School Rated A
- Heating Available
About This Home
As of October 2020Excellent income investment property, recently remodeled with new A/C units, resulting in little to no annual maintenance. Five total units in two buildings. Building 1 has three two-story townhomes. Building 2 has two single story one bedroom units. Central location with great rentability, easily managed by the owner, who is a full-time licensed general contractor. Selling to use capital to move on to a larger construction project. Tenants are unaware of sale, so please do not disturb. Drive-by only.
Last Agent to Sell the Property
Steve Lugo, Jr.
Realty ONE Group License #SA635484000 Listed on: 07/15/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,952
Year Built
- Built in 1999
Lot Details
- 6,970
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Free Parking
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 160-03-057
Community Details
Overview
- 5 Units
- Building Dimensions are 50X140
Building Details
- Operating Expense $8,052
- Gross Income $55,920
- Net Operating Income $47,868
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2020
Closed on
Sep 29, 2020
Sold by
Dkbailey12042 Llc
Bought by
M & M Hemphill Llc
Seller's Agent
Steve Lugo, Jr.
Realty ONE Group
Buyer's Agent
Erik Kelly
eXp Realty
List Price
$699,900
Sold Price
$615,000
Premium/Discount to List
-$84,900
-12.13%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,777
Avg. Annual Appreciation
8.08%
Purchase Details
Closed on
Aug 30, 2016
Sold by
Dbcs Inc
Bought by
Dkbailey 12042 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,304
Interest Rate
3.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 22, 2016
Sold by
Swanson James Thomas and Swanson Traci Lynn
Bought by
Dbcs Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,304
Interest Rate
3.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 2, 2009
Sold by
Swanson James T and Swanson Traci
Bought by
Swanson James Thomas and Swanson Traci Lynn
Purchase Details
Closed on
Jul 31, 2002
Sold by
Tres Gatos Equities Llc
Bought by
Swanson James T and Swanson Traci
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,950
Interest Rate
7.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 15, 2000
Sold by
Masters Larry H
Bought by
Tres Gatos Equities Llc
Purchase Details
Closed on
Oct 15, 1999
Sold by
Lacey Richard M
Bought by
Masters Larry and Masters Larry H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.85%
Mortgage Type
Trade
Purchase Details
Closed on
Jul 17, 1996
Sold by
Fisher Burtis E
Bought by
Lacey Richard M
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| M & M Hemphill Llc | $615,000 | Old Republic Title Agency | |
| Dkbailey 12042 Llc | -- | None Available | |
| Dbcs Inc | $188,405 | Stewart Title Arizona Agency | |
| Swanson James Thomas | -- | None Available | |
| Swanson James T | $215,500 | Arizona Title Agency Inc | |
| Tres Gatos Equities Llc | -- | -- | |
| Masters Larry | $160,000 | Ati Title Agency | |
| Lacey Richard M | $10,000 | Nations Title Insurance |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dbcs Inc | $141,304 | |
| Previous Owner | Swanson James T | $193,950 | |
| Previous Owner | Masters Larry | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2020 10/12/20 | Sold | $615,000 | -12.1% | $200 / Sq Ft |
| 08/12/2020 08/12/20 | Pending | -- | -- | -- |
| 07/15/2020 07/15/20 | For Sale | $699,900 | -- | $228 / 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 | $4,324 | $34,025 | -- | -- |
| 2024 | $6,946 | $53,468 | -- | -- |
| 2023 | $6,946 | $111,452 | $22,287 | $89,165 |
| 2022 | $6,917 | $81,691 | $16,328 | $65,363 |
| 2021 | $7,206 | $79,056 | $15,804 | $63,252 |
| 2020 | $7,026 | $65,736 | $13,140 | $52,596 |
| 2019 | $1,952 | $29,070 | $5,810 | $23,260 |
| 2018 | $1,901 | $25,460 | $5,090 | $20,370 |
| 2017 | $1,892 | $21,150 | $4,230 | $16,920 |
| 2016 | $1,857 | $18,660 | $3,730 | $14,930 |
| 2015 | $1,720 | $15,900 | $3,180 | $12,720 |
Source: Public Records
Agents Affiliated with this Home
-
-
Sarah Lugo
Seller Co-Listing Agent in 2020
Sarah Lugo
Realty One Group
(480) 321-7465
31 Total Sales
-
Erik Kelly
Buyer's Agent in 2020
Erik Kelly
eXp Realty
(480) 229-6699
1 in this area
68 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6103342
APN: 160-03-057
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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