$175,000
SOLD MAY 4, 2012
-- Bed
-- Bath
3,656 Sq Ft
8,886 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

3% Below List Price

11 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • 8 Car Attached Garage
  • Community Barbecue Grill
  • Individual Controls for Heating

About This Home

As of May 2015

Subdivision look and feel with lawns and community pool - not acres of parking lots. Large 3 bedroom / 2 bath unit, with fireplace, plus three large 2 bedroom / 1 bath units. Each unit has patio or balcony. 4 attached, garage spaces. Safeway Grocery next Door. Neighborhood served by good schools - Alta Vista Elementary (Performing Plus) Palo Verde Middle School (Performing), and Cortez High School (Highly Perfoming).

Last Agent to Sell the Property

Patty Camp Schmid

Berkshire Hathaway HomeServices Arizona Properties License #SA552625000 Listed on: 04/10/2012

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

David Schmid

Berkshire Hathaway HomeServices Arizona Properties License #BR575488000

Last Buyer's Agent

Dennis Fiorillo

Realty ONE Group License #BR509595000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Car Attached Garage
  • Free Parking

Schools

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

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 37
  • Assessor Parcel Number 150-09-904

Community Details

Overview

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

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $13,197
  • Gross Income $123,600
  • Net Operating Income $16,571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,573

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern and 35th Ave
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2011
  • Directions: East to 33rd Ave, North to Harmont, West to 33rd Dr, North to property
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 2936.0
  • Co List Office Mls Id: praz10
  • Co List Office Phone: 602-288-4400
  • Subdivision Name: NORTHERN LANAI
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, Attached, 1 Space/Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 3360.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 123600.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1468.0
  • Property Net Operating Income: 16571.0
  • Annual Operating Expense: 13197.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1573.0
  • 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
11
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Forakis Law Firm Plc
Warranty Deed -- Forakis Law Firm Plc
Warranty Deed $220,000 Equity Title Agency Inc
Warranty Deed $175,000 First American Title Insuran
Warranty Deed $160,000 Stewart Title & Trust Of Pho
Warranty Deed $305,326 First American Title
Warranty Deed -- None Available
Warranty Deed $385,000 First American Title Ins Co
Warranty Deed $324,000 Fidelity National Title
Warranty Deed $262,000 Transnation Title Insurance
Warranty Deed -- Fidelity National Title
Warranty Deed $238,500 Fidelity National Title
Warranty Deed $220,000 American Title Insurance
Warranty Deed $220,000 American Title Insurance
Warranty Deed $165,000 First American Title
Warranty Deed $129,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $346,800 New Conventional
Previous Owner $154,000 New Conventional
Previous Owner $288,750 New Conventional
Previous Owner $258,800 New Conventional
Previous Owner $209,600 FHA
Previous Owner $52,400 Stand Alone Second
Previous Owner $190,800 New Conventional
Previous Owner $198,000 New Conventional
Previous Owner $161,146 FHA
Previous Owner $90,300 New Conventional
Closed $32,100 No Value Available
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: 4743886

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-904