NOT LISTED FOR SALE

Estimated Value: $526,000 - $636,000

5 Beds
4 Baths
2,640 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2019

Last sale price $350,000 $133 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,365 / mo

45 Days on Market

Highlights

  • Community Playground
  • Outdoor Storage
  • Partially Fenced Property
  • Sunnyslope High School Rated A
  • Landscaped
  • Heating System Uses Natural Gas

About This Home

As of June 2019

Here's a great opportunity for an investor to purchase a low maintenance four-plex with an operating cap rate of 6.70, and there is more room to raise rents. The construction is block, roof was replaced in 2011, each unit individually metered for electric & gas, washer & dryer in each unit (two of which are brand new). The courtyard has mature Ash trees providing a relaxing atmosphere with much needed summer shade. The building consists of three one bedroom units and one 2 bedroom unit. Buyer is responsible to verify all facts, figures prior to close of escrow.

Last Agent to Sell the Property

Timothy Redelsperger

Long Realty Old Town License #SA663146000 Listed on: 04/04/2019

Long Realty Old Town

Last Buyer's Agent

Scott Knight

Bliss Realty & Investments License #SA678239000

Bliss Realty & Investments
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,189

Year Built

  • Built in 1981

Lot Details

  • Partially Fenced Property
  • Landscaped

Home Design

  • Composition Roof
  • Block Exterior

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Free Parking
  • On-Street Parking
  • 5 Open Parking Spaces

Schools

  • Sunnyslope Elementary School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • 5 Bedrooms
  • Outdoor Storage

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Block 1011
  • Assessor Parcel Number 159-37-086-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 66X130

Recreation

  • Community Playground

Building Details

  • Operating Expense $6,339
  • Gross Income $31,185
  • Net Operating Income $25,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,189

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th ST & Dunlap
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Electric
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building, Personal Property, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Washer/Dryer
  • Total Bedrooms: 5
  • Interior Features:Interior Features: Fire/Smoke Alarm(s)

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Landscape Water System, Green Landscaping, Fenced, Partially Fenced, Cable TV Available, Separate Storage, Security Light(s)

Garage/Parking

  • Parking Features: Open, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • Parking Features:Parking Features: Free, On Street, >1 Space Per Unit

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool, Play Area

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 2100.0

Schools

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

Lot Info

  • Lot Size: 66X130
  • Additional Parcels: No
  • Parcel #: 159-37-086-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31185.0
  • Insurance Expense: 1150.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 25161.0
  • Annual Operating Expense: 6339.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1189.0
  • Tax Block: 1011
  • Tax Book Number: 159.0
  • Tax Lot: 0

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
Apr 4, 2019
Closed on
May 20, 2019
Sold by
Kiser Kyle
Bought by
Seller's Agent
Timothy Redelsperger
Long Realty Old Town
Buyer's Agent
Scott Knight
Bliss Realty & Investments
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Current Estimated Value
$585,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,613
Avg. Annual Appreciation
7.38%
Original Mortgage
$159,000
Outstanding Balance
$136,848
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$448,765

Purchase Details

Listed on
Oct 9, 2012
Closed on
Jan 1, 2013
Sold by
Levine Mark
Bought by
Carol Az Llc
Seller's Agent
Ricardo Ramirez
RE/MAX Professionals
Buyer's Agent
Ken Dallas
Cadaci Realty
List Price
$99,888
Sold Price
$100,100
Premium/Discount to List
$212
0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.85%

Purchase Details

Listed on
Oct 9, 2012
Closed on
Nov 2, 2012
Sold by
Wirick Stan E and Wirick Diana
Bought by
Levine Mark
Seller's Agent
Ricardo Ramirez
RE/MAX Professionals
Buyer's Agent
Ken Dallas
Cadaci Realty
List Price
$99,888
Sold Price
$100,100
Premium/Discount to List
$212
0.21%

Purchase Details

Listed on
Feb 9, 2012
Closed on
Mar 14, 2012
Sold by
Dikov Ivan and Dikov Vasselina
Bought by
Wirick Stan E and Wirick Diana
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Ricardo Ramirez
RE/MAX Fine Properties
List Price
$90,000
Sold Price
$89,000
Premium/Discount to List
-$1,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.18%
Original Mortgage
$66,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2010
Sold by
Dikov Ivan
Bought by
Dikov Vesselina and Dikov Ivan

Purchase Details

Closed on
Jun 12, 2003
Sold by
Dikov Stefan and Dikov Vesselina
Bought by
Dikov Ivan
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$350,000 First American Title Ins Co
Kellogg Donald -- First American Title Ins Co
Carol Az Llc -- None Available
Levine Mark $100,100 First American Title Ins Co
Wirick Stan E $89,000 Stewart Title & Trust Of Pho
Dikov Vesselina -- None Available
Dikov Ivan -- --
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
Open $159,000
Previous Owner Wirick Stan E $66,750
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
06/25/2019 06/25/19 Sold $350,000 -4.1% $133 / Sq Ft
06/12/2019 06/12/19 Price Changed $365,000 0.0% $138 / Sq Ft
05/19/2019 05/19/19 Pending -- -- --
05/14/2019 05/14/19 Price Changed $365,000 -0.7% $138 / Sq Ft
05/08/2019 05/08/19 Price Changed $367,500 -1.3% $139 / Sq Ft
04/23/2019 04/23/19 Price Changed $372,500 -0.7% $141 / Sq Ft
04/15/2019 04/15/19 For Sale $375,000 +7.1% $142 / Sq Ft
04/13/2019 04/13/19 Off Market $350,000 -- --
04/04/2019 04/04/19 For Sale $375,000 +26.3% $142 / Sq Ft
08/07/2017 08/07/17 Sold $297,000 +0.7% $113 / Sq Ft View Prior Sale
06/29/2017 06/29/17 Pending -- -- --
06/28/2017 06/28/17 Price Changed $295,000 -4.5% $112 / Sq Ft
06/14/2017 06/14/17 Price Changed $309,000 -3.1% $117 / Sq Ft
05/08/2017 05/08/17 Price Changed $319,000 -0.3% $121 / Sq Ft
04/06/2017 04/06/17 For Sale $320,000 +219.7% $121 / Sq Ft
11/16/2012 11/16/12 Sold $100,100 +0.2% $38 / Sq Ft View Prior Sale
11/01/2012 11/01/12 Pending -- -- --
10/09/2012 10/09/12 For Sale $99,888 +12.2% $38 / Sq Ft
03/16/2012 03/16/12 Sold $89,000 -1.1% $77 / Sq Ft View Prior Sale
02/15/2012 02/15/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $90,000 -- $78 / 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 $1,410 $11,096
2024 $1,332 $10,568
2023 $1,332 $42,320 $8,460 $33,860
2022 $1,289 $29,850 $5,970 $23,880
2021 $1,306 $24,500 $4,900 $19,600
2020 $1,273 $21,500 $4,300 $17,200
2019 $1,250 $18,780 $3,750 $15,030
2018 $1,217 $15,720 $3,140 $12,580
2017 $1,211 $12,930 $2,580 $10,350
2016 $1,189 $12,250 $2,450 $9,800
2015 $1,101 $10,550 $2,110 $8,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5906308

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-37-086A

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