NOT LISTED FOR SALE

Estimated Value: $401,621 - $807,000

2 Beds
5 Baths
-- Sq Ft
8,407 Sq Ft Lot

Last Sold July 10, 2023

Last sale price $390,000

Est. 48% increase in value since last sale

Current estimated payment $3,235/month

113 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A
  • Ceiling Fan

About This Home

As of July 2023

Great Investment opportunity located in north central Phoenix near the Pointe Resort. There is no HOA! Unit 1- one bedroom 2 bath rents for $1000 currently vacant.
Unit 2 one bedroom 1 bath rents at $940 and receives $40 a month credit for paying electric for studio , studio rents at $750. All tenants are on a month to month lease.
Separate community laundry room with storage area & 2 car garage, Owner pays gas, water, sewer & trash. Tenants in unit 1 & 2 pay electric on separate meters.

Last Agent to Sell the Property

Greg Sidoff

West USA Realty License #SA562142000 Listed on: 02/14/2023

West USA Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,051

Year Built

  • Built in 1949

Lot Details

  • 8,407

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • On-Street Parking

Schools

  • Desert View Elementary School
  • Desert Vista Elementary Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 160-09-063

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 127x 66
  • Nueva Ventura Subdivision

Building Details

  • Operating Expense $3,695
  • Gross Income $30,210
  • Net Operating Income $29,156

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,051

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: NORTHERN TO 12TH STREET NORTH TO Harmont
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2022
  • Directions: WEST ON HARMONT TO 11TH PLACE. SUBJECT ON NORTHWEST CORNER OF 11TH & HARMONT
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: NUEVA VENTURA
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 336.0
  • Annual Water Sewer Expense: 1438.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Desert Vista Elementary School

Lot Info

  • Lot Size: 127x 66
  • Additional Parcels: No
  • Parcel #: 160-09-063

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 30210.0
  • Property Net Operating Income: 29156.0
  • Annual Operating Expense: 3695.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1051.0
  • Tax Block: 2
  • Tax Book Number: 160.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2025
Sold by
Proactive Holdings Llc
Bought by
Hoffman Kim J
Current Estimated Value
$577,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,550
Outstanding Balance
$600,498
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$45,787

Purchase Details

Closed on
Jun 19, 2024
Sold by
8102 11Th Llc
Bought by
Proactive 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
$450,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2019
Closed on
Jan 27, 2020
Sold by
Sellner Andrew
Bought by
Gleba Michael and Gleba Andrea
Seller's Agent
Lynn Dodd
Fathom Realty Elite
Buyer's Agent
Greg Sidoff
West USA Realty
List Price
$324,000
Sold Price
$308,750
Premium/Discount to List
-$15,250
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.20%
Original Mortgage
$211,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2015
Sold by
Covaliu Stefan
Bought by
Sellner Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 1998
Sold by
Jones Marilyn G and Cornelius Robbi Lynne
Bought by
Covaliu Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,215
Interest Rate
7.07%
Mortgage Type
FHA
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
Hoffman Kim J -- --
Proactive Holdings Llc -- None Listed On Document
Gleba Michael $308,750 Lawyers Title Of Arizona Inc
Sellner Andrew $144,000 First American Title Ins Co
Covaliu Stefan $55,000 Arizona Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Kim J $602,550
Closed Hoffman Kim J $602,550
Previous Owner 8102 11Th Llc $450,000
Previous Owner 8102 11Th Llc $349,000
Previous Owner Gleba Michael $211,750
Previous Owner Sellner Andrew $115,200
Previous Owner Covaliu Stefan $65,000
Previous Owner Covaliu Stefan $55,215
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $390,000 -12.5% --
06/27/2023 06/27/23 For Sale $445,500 +14.2% --
06/06/2023 06/06/23 Pending -- -- --
04/05/2023 04/05/23 Off Market $390,000 -- --
03/24/2023 03/24/23 Price Changed $445,500 -6.1% --
02/13/2023 02/13/23 For Sale $474,500 +53.7% --
02/21/2020 02/21/20 Sold $308,750 -2.0% --
11/08/2019 11/08/19 Price Changed $314,900 -2.8% --
10/23/2019 10/23/19 For Sale $324,000 -- --
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 $1,151 $9,407 -- --
2024 $1,130 $8,959 -- --
2023 $1,130 $37,230 $7,440 $29,790
2022 $1,051 $25,820 $5,160 $20,660
2021 $1,068 $24,980 $4,990 $19,990
2020 $1,041 $20,180 $4,030 $16,150
2019 $1,022 $17,210 $3,440 $13,770
2018 $994 $14,900 $2,980 $11,920
2017 $990 $12,160 $2,430 $9,730
2016 $972 $10,350 $2,070 $8,280
2015 $901 $7,870 $1,570 $6,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6520106

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-09-063