NOT LISTED FOR SALE
Studio
1 Bath
-- Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: September 14, 2022

Last sale price $2,200,000

106 Days on Market

About This Home

As of September 2022

SELLING FOR LAND VALUE! PRIME REDEVELOPMENT OPPORTUNITY IN SOUTH PHOENIX! This is an exciting venture to design, engineer, and build a 48-unit townhome build-to-rent community on 2.7 AC (net) or 3.18 AC (gross) zoned R-3. 0.1 Miles from the Future Light Rail South Central Extension Stop on Baseline Rd. APNs included in Sale: 300-43-025, 300-43-027, 300-43-026, 300-43-028, 300-43-029.

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 05/19/2022

Keller Williams Realty Phoenix

Co-Listed By

Joshua Wedel

Keller Williams Realty Phoenix License #SA692317000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $705

Year Built

  • Built in 1941

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof

Schools

  • Valley View Elementary School
  • C O Greenfield Middle School
  • South Mountain High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 6
  • Assessor Parcel Number 300-43-025

Community Details

Overview

  • 9 Buildings
  • 12 Units
  • Building Dimensions are 303.1 x 402.1

Building Details

  • Operating Expense $27,305
  • Gross Income $86,400
  • Net Operating Income $68,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$705

Year Built

Built in 1941

Lot Details

0.38 Acres

Listing Details

  • Cross Street: S Central Ave and E Beautiful Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3 and R1-6
  • Number Of Buildings: 9
  • Year Built: 1941
  • Tax Year: 2021
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • MLS Status: Closed
  • Standard Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Soil Test, Boundary Survey Avlb, Seller Prop Disc Stm, ALTA Survey Availbl, Development Plan Avl, Other (See Remarks)
  • Construction Type: Other, See Remarks
  • Roof: Composition, Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 6000.0

Schools

  • Elementary School: Valley View Elementary School
  • High School: South Mountain High School
  • Middle Or Junior School: C O Greenfield School

Lot Info

  • Lot Size: 303.1 x 402.1
  • Additional Parcels: Yes
  • Parcel #: 300-43-025

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 12
  • Electric Expense: 2000.0
  • Annual Gross Income: 86400.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 68695.0
  • Annual Operating Expense: 27305.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 705.0
  • Tax Book Number: 300.00
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Sep 9, 2022
Sold by
Phillips Fisher Living Trust and Phillips Roger D
Bought by
Seller's Agent
Roger Phillips
Keller Williams Realty Phoenix
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,200,000
Sold Price
$2,200,000
Premium/Discount to List
-$1,000,000
-31.25%
Views
1

Purchase Details

Closed on
Apr 8, 2016
Sold by
Mojave Enterprises Llc
Bought by
Diko Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.64%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 23, 2012
Sold by
Fitzgerald Glenwood A
Bought by
Mojave Enterprises Llc

Purchase Details

Closed on
Mar 19, 2004
Sold by
Right Side Investments Llc
Bought by
Fitzgerald Glenwood A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,300
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2002
Sold by
Fitzgerald Glen
Bought by
Right Side Investments Llc

Purchase Details

Closed on
Sep 6, 2002
Sold by
Stewart Biven and Stewart Mary Louise
Bought by
Fitzgerald Glen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2002
Sold by
Stewart Biven and Stewart Mary Louise
Bought by
Leclair Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $2,200,000 -12.0% --
08/11/2022 08/11/22 Price Changed $2,500,000 -13.8% --
07/08/2022 07/08/22 Price Changed $2,900,000 -9.4% --
05/18/2022 05/18/22 For Sale $3,200,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2023 $705 $21,850 $4,370 $17,480
2022 $691 $18,330 $3,660 $14,670
2021 $705 $15,080 $3,010 $12,070
2020 $697 $12,720 $2,540 $10,180
2019 $674 $9,560 $1,910 $7,650
2018 $656 $9,680 $1,930 $7,750
2017 $625 $6,720 $1,340 $5,380
2016 $595 $5,030 $1,000 $4,030
2015 $560 $4,850 $970 $3,880
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6401984

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-43-025

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