NOT LISTED FOR SALE

Estimated Value: $611,475 - $787,000

-- Bed
-- Bath
3,656 Sq Ft
$198/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $580,000 $159 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,259/month

6 Days on Market

About This Home

As of August 2021

Great FOURPLEX well maintained property in prime Phoenix location near central freeways! One Large 3 Bed/2 Bath Unit and Three 2 Bed/1Bath Units. Units have covered garages, additional parking, and yards or balconies, so tenants love them! HOA provides community maintenance. All units are individually metered for electric. Please do not disturb tenants, interior showing after signed and accepted contract. Buyer to verify all facts, figures and financials.

Last Agent to Sell the Property

Manuel Cerdhe

Mi Casa Property Management License #BR041729000 Listed on: 06/21/2021

Last Buyer's Agent

Russell Harris

RETSY License #SA639092000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,089

Year Built

  • Built in 1974

Lot Details

  • 8,886

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • Washington Elementary School - Phoenix
  • Palo Verde Middle School
  • Cortez High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 150-09-902

Community Details

Overview

  • 1,974 Buildings
  • 8 Units
  • Building Dimensions are 8899
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $14,865
  • Gross Income $49,200
  • Net Operating Income $34,335

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,089

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave/Northern
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H/R-4
  • Number Of Buildings: 1974
  • Year Built: 1974
  • Tax Year: 2020
  • Directions: E. on Northern from 35th Ave to 33rd Ave, Left on 33rd Ave, Left on Harmont Drive, then right to 33rd Drive. North to property on your right.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 2318.0
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • 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:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 1986.0
  • Annual Water Sewer Expense: 3972.0

Schools

  • Elementary School: Washington Elementary School - Phoenix
  • High School: Cortez High School
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: 8899
  • Additional Parcels: No
  • Parcel #: 150-09-902

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 49200.0
  • Insurance Expense: 2100.0
  • Property Net Operating Income: 34335.0
  • Annual Operating Expense: 14865.0

Tax Info

  • Tax Annual Amount: 2089.0
  • Tax Book Number: 150.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Aug 6, 2021
Sold by
Gupta Mohit and Gupta Alka
Bought by
Mendes Anthnony Peter and Mendes Bianca
Seller's Agent
Manuel Cerdhe
Mi Casa Property Management
Buyer's Agent
Russell Harris
RETSY
List Price
$588,888
Sold Price
$580,000
Premium/Discount to List
-$8,888
-1.51%
Total Days on Market
6
Current Estimated Value
$725,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,619
Avg. Annual Appreciation
6.04%
Original Mortgage
$435,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2020
Closed on
Apr 30, 2020
Sold by
Equity Trust Company
Bought by
Gupta Mohit and Gupta Alka
Seller's Agent
Candy Jenkins
Coldwell Banker Realty
Buyer's Agent
Shelsi Guthrie
Real Broker
List Price
$319,000
Sold Price
$319,888
Premium/Discount to List
$888
0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.59%

Purchase Details

Listed on
Jul 19, 2012
Closed on
Aug 6, 2012
Sold by
Caliber Auction Homes Llc
Bought by
Equity Trust Co
Seller's Agent
Jennifer Schrader
Caliber Realty Group, LLC
Buyer's Agent
Donald (Zach) Fuller
Caliber Realty Group, LLC
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Apr 17, 2012
Sold by
Loeffler John C
Bought by
Caliber Auction Homes Llc

Purchase Details

Closed on
Apr 9, 2012
Sold by
Fernandes Verden
Bought by
Fernandes Hilda

Purchase Details

Closed on
Apr 4, 2012
Sold by
Fernandes Hilda D
Bought by
Loeffler John C

Purchase Details

Closed on
Jan 8, 2009
Sold by
Fernandes Verden V and Fernandes Hilda D
Bought by
Fernandes Hilda D

Purchase Details

Closed on
Feb 5, 2006
Sold by
Fernandes Hilda D and Fernandes Trevor R
Bought by
Fernandes Family Revocable Living Trust

Purchase Details

Closed on
Nov 12, 2003
Sold by
Hatcu Tudor and Hatcu Teodora
Bought by
Fernandes Hilda D and Fernandes Trevor R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Fernandes Verden W
Bought by
Fernandes Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 1997
Sold by
Tremose Michael F
Bought by
Hatcu Tudor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.75%
Mortgage Type
New Conventional
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
Mendes Anthnony Peter $580,000 Old Republic Title Agency
Gupta Mohit $319,888 Old Republic Title Agency
Equity Trust Co $210,000 Pioneer Title Agency Inc
Caliber Auction Homes Llc -- None Available
Fernandes Hilda -- Pioneer Title Agency Inc
Loeffler John C $102,500 Pioneer Title Agency Inc
Fernandes Hilda D -- None Available
Fernandes Family Revocable Living Trust -- None Available
Fernandes Hilda D $265,000 Security Title Agency
Fernandes Hilda -- Security Title Agency
Hatcu Tudor $149,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendes Family Trust $574,000
Closed Mendes Anthnony Peter $435,000
Closed Mendes Family Trust $435,000
Previous Owner Gupta Mohit $223,921
Previous Owner Fernandes Hilda D $212,000
Previous Owner Hatcu Tudor $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $580,000 -1.5% $159 / Sq Ft
07/31/2021 07/31/21 For Sale $588,888 0.0% $161 / Sq Ft
07/31/2021 07/31/21 Price Changed $588,888 0.0% $161 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
06/20/2021 06/20/21 For Sale $588,888 +84.1% $161 / Sq Ft
05/14/2020 05/14/20 Sold $319,888 +0.3% $87 / Sq Ft
05/11/2020 05/11/20 Price Changed $319,000 0.0% $87 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $319,000 +51.9% $87 / Sq Ft
09/07/2012 09/07/12 Sold $210,000 -2.3% $57 / Sq Ft
07/20/2012 07/20/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $215,000 -- $59 / 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 $43,000 $8,600 $34,400
2022 $2,116 $31,070 $6,210 $24,860
2021 $2,143 $29,430 $5,880 $23,550
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 $16,410 $3,280 $13,130
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: 6253654

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-902