NOT LISTED FOR SALE

Estimated Value: $656,000 - $751,498

Studio
-- Bath
3,656 Sq Ft
$193/Sq Ft Est. Value

Sale Details

Date Sold: March 15, 2024

Last sale price $760,000 $208 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,022 / mo

4 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Cooling Available

About This Home

As of March 2024

The Northern Lanai fourplex offers a 7.1% Cap Rate. The unit mix consists of one 3-bedroom/2-bathroom (fully remodeled) and three 2-bedroom/1-bathroom units. The building has a four car garage + more uncovered parking spaces and on-site laundry. Each unit has it's own private patio and is separately metered for electric. Total estimated annual gross income: $71,507.76. Drive-by Only, Do Not Disturb Tenants.

Last Agent to Sell the Property

Zachary Coty

Compass License #SA697361000 Listed on: 02/19/2024

Compass

Last Buyer's Agent

Ismeta Hajric

HomeSmart License #SA555865000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1974

Lot Details

  • 9,017

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Car Attached Garage
  • Free Parking
  • Automatic Garage Door Opener

Schools

  • Cortez High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 28
  • Assessor Parcel Number 150-09-907

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8998
  • Northern Lanai Unit One Subdivision

Building Details

  • Operating Expense $15,415
  • Gross Income $71,496
  • Net Operating Income $56,081

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,191

Year Built

Built in 1974

Lot Details

9,017 Sq Ft Lot

Listing Details

  • Cross Street: Northern Ave & 35th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Auto Door Opener, Attached, <1 Space Per 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:_less_1 Space Per Unit: Yes
  • Parking:Auto Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2902.0

Schools

  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 8998
  • Additional Parcels: No
  • Parcel #: 150-09-907

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 428.97
  • Annual Gross Income: 71496.0
  • Insurance Expense: 1160.0
  • Maintenance Expense: 7225.0
  • Property Net Operating Income: 56081.0
  • Annual Operating Expense: 15414.97

Tax Info

  • Tax Annual Amount: 2191.0
  • Tax Book Number: 150.00
  • Tax Lot: 28

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
Feb 19, 2024
Closed on
Mar 15, 2024
Sold by
Bought by
Seller's Agent
Zachary Coty
Compass
Buyer's Agent
Ismeta Hajric
HomeSmart
List Price
$785,000
Sold Price
$760,000
Premium/Discount to List
-$25,000
-3.18%
Views
10
Current Estimated Value
$706,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,125
Avg. Annual Appreciation
-3.16%

Purchase Details

Listed on
May 10, 2019
Closed on
May 8, 2019
Sold by
Bought by
Seller's Agent
John Poyner
Phoenix Property Group
Buyer's Agent
Brandon Edwards
West USA Realty
List Price
$320,000
Sold Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.52%
Original Mortgage
$250,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 25, 2014
Closed on
Mar 5, 2015
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jamison Briley
Real Estate Brokers of Arizona
List Price
$229,000
Sold Price
$217,000
Premium/Discount to List
-$12,000
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$162,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.84%

Purchase Details

Closed on
Sep 10, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$760,000 Navi Title Agency
$320,000 Chicago Title Agency Inc
$217,000 Chicago Title Agency
-- None Available
-- First American Title Ins Co
$350,000 --
$350,000 Tsa Title Agency
-- Capital Title Agency Inc
$280,000 Capital Title Agency Inc
-- Security Title Agency
$262,000 Security Title Agency
$225,000 First American Title
-- Capital Title Agency
-- Capital Title Agency Inc
$147,000 Capital Title Agency
$135,000 Stewart Title & Trust
-- Stewart Title & Trust
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $250,000
Previous Owner $162,750
Previous Owner $280,000
Previous Owner $196,000
Previous Owner $235,800
Previous Owner $180,000
Previous Owner $147,000
Previous Owner $132,300
Closed $56,000
Source: Public Records

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 Prior Sale
03/15/2024 03/15/24 Sold $760,000 -3.2% $208 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $785,000 +145.3% $215 / Sq Ft
05/10/2019 05/10/19 Sold $320,000 0.0% $88 / Sq Ft View Prior Sale
05/10/2019 05/10/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $320,000 +47.5% $88 / Sq Ft
03/31/2015 03/31/15 Sold $217,000 -5.2% $59 / Sq Ft View Prior Sale
01/22/2015 01/22/15 Pending -- -- --
08/25/2014 08/25/14 For Sale $229,000 -- $63 / Sq Ft
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
2025 $2,319 $18,249 -- --
2024 $2,191 $17,380 -- --
2023 $2,191 $43,050 $8,610 $34,440
2022 $2,120 $31,110 $6,220 $24,890
2021 $2,147 $29,480 $5,890 $23,590
2020 $2,094 $28,050 $5,610 $22,440
2019 $2,055 $23,230 $4,640 $18,590
2018 $2,002 $21,120 $4,220 $16,900
2017 $1,991 $18,320 $3,660 $14,660
2016 $1,955 $16,420 $3,280 $13,140
2015 $1,811 $16,460 $3,290 $13,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6666026

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-907

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