NOT LISTED FOR SALE

8030 E Garfield St Scottsdale, AZ 85257

South Scottsdale Neighborhood
18 Beds
-- Bath
18,364 Sq Ft
1961 Built

Sale Details

Date Sold: January 5, 2016

Last sale price $950 $0 Per Sq Ft

100 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Floor Furnace
  • Hohokam Traditional School Rated A
  • Ceiling Fan

About This Home

As of January 2016

THIS 11 UNITS GARDEN-STYLE COMMUNITY IS LOCATED IN SCOTTSDALE CLOSE TO THE CITY OF TEMPE AND PHOENIX PLUS IN PROXIMITY TO LOOP 101/202. COMPRISED OF 3 BUILDINGS WITH A GREAT UNIT MIX FROM SINGLE LEVEL UNITS TO TOWNHOUSE-STYLE APARTMENTS. THERE IS AMPLE PARKING IN THE REAR AND AT THE END OF THE COMPLEX. THIS COMMUNITY IS 100% OCCUPIED WITH SOME LONG TERM TENANTS IN PLACE HOWEVER,CURRENT RENTS ARE LOW AND COULD BE INCREASED WITH IMPROVEMENTS TO
THE UNITS.THERE IS ALSO EXCELLENT OPPORTUNITY FOR REDEVELOPMENT.

Last Agent to Sell the Property

Elfi Litto

HomeSmart License #SA044316000 Listed on: 06/25/2015

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 17 Open Parking Spaces
  • 17 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Yavapai Elementary School
  • Supai Middle School
  • Coronado High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 5
  • Assessor Parcel Number 131-52-005-A

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are 0.91 acres/ 39600 sqft
  • Scottsdale East Subdivision

Building Details

  • Operating Expense $27,735
  • Gross Income $81,818
  • Net Operating Income $59,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Listing Details

  • Cross Street: N.HAYDEN RD , SOUTH OF ROOSEVELT
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6000.0
  • Subdivision Name: SCOTTSDALE EAST
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 17.0
  • Total Parking Spaces: 17.0
  • General Property Description:Uncvrd Parking Spcs: 17.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, City Electric
  • Cooling: Central A/C, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Fuel Expense: 2476.0
  • Trash Expense: 1528.0
  • Annual Water Sewer Expense: 4147.0

Schools

  • Elementary School: Yavapai Elementary School
  • High School: Coronado High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Supai Middle School

Lot Info

  • Lot Size: 0.91 acres/ 39600 sqft
  • Additional Parcels: No
  • Parcel #: 131-52-005-A

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 11
  • Annual Gross Income: 81817.92
  • Insurance Expense: 2060.0
  • Maintenance Expense: 6325.0
  • Property Net Operating Income: 59400.0
  • Annual Operating Expense: 27735.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 2372.0
  • Tax Block: 5
  • Tax Book Number: 131.00
  • Tax Lot: 5
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2016 01/05/16 Sold $950 -99.9% $0 / Sq Ft
10/03/2015 10/03/15 Pending -- -- --
06/25/2015 06/25/15 For Sale $1,190,000 -- $65 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,765 $39,154 -- --
2024 $2,619 $37,290 -- --
2023 $2,619 $147,780 $29,550 $118,230
2022 $2,484 $125,480 $25,090 $100,390
2021 $2,640 $125,660 $25,130 $100,530
2020 $2,616 $95,520 $19,100 $76,420
2019 $2,525 $77,510 $15,500 $62,010
2018 $2,445 $64,950 $12,990 $51,960
2017 $2,341 $52,770 $10,550 $42,220
2016 $2,296 $46,010 $9,200 $36,810
2015 $2,185 $34,080 $6,810 $27,270
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Elfi Litto

    HomeSmart

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5299095

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Scottsdale 85257 South Scottsdale

8030 E Garfield St, Scottsdale, AZ

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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