NOT LISTED FOR SALE

Estimated Value: $507,262 - $775,000

-- Bed
-- Bath
3,656 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 22, 2015

Last sale price $220,000 $60 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $3,825/month

19 Days on Market

About This Home

As of May 2015

Great 4 unit income property. Great mix: Front unit is 3 bed and 2 baths with private patio. 3 units are 2 bedrooms and 1 bath with enclosed yard and good size balcony. Units with tile flooring. All appliances are included. 4 car garage with a storage for each unit. Vacant unit #3, 2 bed + 1 bath, currently offered at $645.00. Laundry on premises. HOA maintains the pool and grounds. Drive by only. Please do not disturb tenants. Inspections with accepted offer.

Last Agent to Sell the Property

G. William Franco

Compass Management Group License #BR628578000 Listed on: 03/24/2015

Last Buyer's Agent

Tami Ellsworth

HomeSmart License #SA557283000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1974

Lot Details

  • 8,886

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

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 37
  • Assessor Parcel Number 150-09-904

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8875
  • Northern Lanai Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $20,758
  • Gross Income $25,860
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,860

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: 2014
  • Directions: North on 33rd Ave. from Northern Ave to Harmont Dr., W on Harmont Dr. to 33rd Dr. property on the right.
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 2000.0
  • Subdivision Name: Northern Lanai
  • Garage Yn: Yes
  • Special Features: None
  • 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:Auto Door Opener: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, 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: 4422.0

Schools

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

Lot Info

  • Lot Size: 8875
  • Additional Parcels: No
  • Parcel #: 150-09-904

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Electric Expense: 802.0
  • Annual Gross Income: 25859.95
  • Insurance Expense: 2554.0
  • Maintenance Expense: 6000.0
  • Property Net Operating Income: 19000.0
  • Annual Operating Expense: 20758.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1860.0
  • Tax Book Number: 150.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2022
Sold by
Orozco and Lisa
Bought by
Property 8107 Llc
Total Days on Market
19
Current Estimated Value
$648,316

Purchase Details

Closed on
Dec 10, 2021
Sold by
Orozco and Lisa
Bought by
Property 8107 Llc

Purchase Details

Listed on
Mar 24, 2015
Closed on
May 20, 2015
Sold by
Lonnegan Properties Llc
Bought by
Orozco Michael J and Orozco Lisa M
Seller's Agent
G. William Franco
Compass Management Group
Buyer's Agent
Tami Ellsworth
HomeSmart
List Price
$235,000
Sold Price
$220,000
Premium/Discount to List
-$15,000
-6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.37%
Original Mortgage
$154,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2012
Closed on
Apr 26, 2012
Sold by
Slevin Hugo
Bought by
Lonnegan Properties Llc
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Dennis Fiorillo
Realty ONE Group
List Price
$180,000
Sold Price
$175,000
Premium/Discount to List
-$5,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%

Purchase Details

Closed on
Apr 24, 2009
Sold by
Fannie Mae
Bought by
Slevin Hugo

Purchase Details

Closed on
Feb 7, 2009
Sold by
Barnes Weatherton Joan and Weatherton Randolph
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 22, 2007
Sold by
Weatherton Randolph
Bought by
Barnes Weatherton Joan

Purchase Details

Closed on
Oct 18, 2005
Sold by
Johnson Dan P
Bought by
Weatherton Randolph and Weatherton Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2005
Sold by
Miranda William J
Bought by
Johnson Dan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,800
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2003
Sold by
Mosqueda Adrian and Mosqueda Juanita
Bought by
Miranda William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
8.49%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 2002
Sold by
Mosqueda Maria Reyna
Bought by
Mosqueda Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2002
Sold by
Avram Cornel and Avram Daniela
Bought by
Mosqueda Adrian and Mosqueda Juanita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2000
Sold by
Allen Theodore Oscar
Bought by
Avram Cornel and Avram Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2000
Sold by
Allen Theodore Oscar
Bought by
Avram Cornel and Avram Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 1998
Sold by
Isley Robert T and Isley Pamela S
Bought by
Allen Theodore Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,146
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 29, 1995
Sold by
Sadowski Roman and Sadowski Veronica
Bought by
Isley Robert T and Isley Pamela S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,300
Interest Rate
8.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Property 8107 Llc -- Forakis Law Firm Plc
Property 8107 Llc -- Forakis Law Firm Plc
Orozco Michael J $220,000 Equity Title Agency Inc
Lonnegan Properties Llc $175,000 First American Title Insuran
Slevin Hugo $160,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $305,326 First American Title
Barnes Weatherton Joan -- None Available
Weatherton Randolph $385,000 First American Title Ins Co
Johnson Dan P $324,000 Fidelity National Title
Miranda William J $262,000 Transnation Title Insurance
Mosqueda Jose -- Fidelity National Title
Mosqueda Adrian $238,500 Fidelity National Title
Avram Cornel $220,000 American Title Insurance
Avram Cornel $220,000 American Title Insurance
Allen Theodore Oscar $165,000 First American Title
Isley Robert T $129,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orozco Michael J $346,800
Previous Owner Orozco Michael J $154,000
Previous Owner Weatherton Randolph $288,750
Previous Owner Johnson Dan P $258,800
Previous Owner Miranda William J $209,600
Previous Owner Miranda William $52,400
Previous Owner Mosqueda Adrian $190,800
Previous Owner Avram Cornel $198,000
Previous Owner Allen Theodore Oscar $161,146
Previous Owner Isley Robert T $90,300
Closed Johnson Dan P $32,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2015 05/22/15 Sold $220,000 -6.4% $60 / Sq Ft
04/11/2015 04/11/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $235,000 +34.3% $64 / Sq Ft
05/04/2012 05/04/12 Sold $175,000 -2.8% $48 / Sq Ft
04/21/2012 04/21/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $180,000 -- $49 / 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 $2,227 $18,212 -- --
2024 $2,187 $17,344 -- --
2023 $2,187 $42,980 $8,590 $34,390
2022 $2,116 $31,060 $6,210 $24,850
2021 $2,143 $294,200 $58,800 $235,400
2020 $2,089 $28,000 $5,600 $22,400
2019 $2,051 $23,210 $4,640 $18,570
2018 $1,998 $21,100 $4,220 $16,880
2017 $1,987 $18,300 $3,660 $14,640
2016 $1,951 $16,400 $3,280 $13,120
2015 $1,807 $16,450 $3,290 $13,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5254959

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-904