NOT LISTED FOR SALE

Estimated Value: $537,565 - $768,000

9 Beds
-- Bath
3,656 Sq Ft
$187/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $268,000 $73 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $4,028/month

42 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Central Heating

About This Home

As of November 2016

Fully rented 4 unit income property. Front unit is 3 bed and 2 baths with private patio. 3 units are 2 bedrooms and 1 bath with enclosed yard and balcony. 4 car garage with a storage for each unit. Laundry on premises. HOA maintains the pool and grounds. Drive by only. Please do not disturb tenants. Inspections with accepted offer.

Unit 1 and 2 are updated with wood like laminate flooring. Unit 3 and 4 can be updated.
Unit 1-3 are below market rent
1 Garage spot is not rented out at $25 per spot.
The laundry is coin operated.

Last Agent to Sell the Property

Greg Johnson

United Southwest Realty License #BR008487000 Listed on: 07/15/2016

Last Buyer's Agent

Samir Bachour

HomeSmart License #SA111042000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,843

Year Built

  • Built in 1974

Lot Details

  • 10,324

Home Design

  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Alta Vista Elementary School
  • Palo Verde Middle School
  • Cortez High School

Utilities

  • Cooling Available
  • Central Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 37
  • Assessor Parcel Number 150-09-905

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10327
  • Northern Lanai Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $9,763
  • Gross Income $53,286,528
  • Net Operating Income $22,724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,843

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern Ave & 33rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2015
  • Directions: North on 33rd Ave. from Northern Ave to Harmont Dr. West on Harmont Dr. to 33rd Dr.
  • Road Surface Type: Asphalt
  • Subdivision Name: Northern Lanai
  • Garage Yn: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Other, See Remarks
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Middle Or Junior School: Palo Verde School

Lot Info

  • Lot Size: 10327
  • Additional Parcels: No
  • Parcel #: 150-09-905

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 53286528.0
  • Insurance Expense: 638.0
  • Property Net Operating Income: 22724.0
  • Annual Operating Expense: 9763.0
  • Vacancy Allowance Rate: 1545.0

Tax Info

  • Tax Annual Amount: 1843.0
  • Tax Book Number: 150.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Sedarous Mark M
Bought by
8101 Northern Llc
Total Days on Market
42
Current Estimated Value
$683,891

Purchase Details

Listed on
Jul 15, 2016
Closed on
Nov 4, 2016
Sold by
Bahr Barbara K and Bahr Robert J
Bought by
Sedarous Mark M
Seller's Agent
Greg Johnson
United Southwest Realty
Buyer's Agent
Samir Bachour
HomeSmart
List Price
$269,000
Sold Price
$268,000
Premium/Discount to List
-$1,000
-0.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.75%
Original Mortgage
$263,145
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 1994
Sold by
Wright John E and Wright Colleen
Bought by
Bahr Robert J and Bahr Barbara K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,150
Interest Rate
8.8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
8101 Northern Llc -- None Listed On Document
Sedarous Mark M $268,000 Precision Title Agency Inc
Bahr Robert J $115,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sedarous Mark M $504,000
Previous Owner Sedarous Mark M $263,145
Previous Owner Bahr Robert J $120,500
Previous Owner Bahr Robert J $95,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2016 11/14/16 Sold $268,000 -0.4% $73 / Sq Ft
09/06/2016 09/06/16 Price Changed $269,000 +0.4% $74 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
07/27/2016 07/27/16 Price Changed $268,000 -0.4% $73 / Sq Ft
07/14/2016 07/14/16 For Sale $269,000 -- $74 / 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 $2,271 $18,569 -- --
2024 $2,230 $17,685 -- --
2023 $2,230 $43,710 $8,740 $34,970
2022 $2,157 $31,560 $6,310 $25,250
2021 $2,185 $30,050 $6,010 $24,040
2020 $2,130 $28,580 $5,710 $22,870
2019 $2,092 $23,550 $4,710 $18,840
2018 $2,037 $21,360 $4,270 $17,090
2017 $2,026 $18,500 $3,700 $14,800
2016 $1,990 $16,670 $3,330 $13,340
2015 $1,843 $16,660 $3,330 $13,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5470794

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-905